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Really? Watch the FED "lose" 9 TRILLIONS: http://www.youtube.com/watch?v=1QK4bblyfsc

MarketAddict, you cannot PREDICT what the market will be doing tomorrow (trend or range), you can only: 1: Observe the price action and THEN join a possible trend in progress 2: Observe the price action and then trade IF there is emerging evidence of a possible range bound market. In both...

Maverick, you seriously believe we are going to believe anything the FED is saying? Central/commercial banks and their Ponzi scheme, err.... I mean their fractional reserve system, are the ones creating all that financial mess we are in today (inflation for example) , end of story.

How a Forex broker executes your trades is more important than the size of the spread, trust me on this one...

:D

Care to comment on those traders who shorted the stock around $40 or bought deep out-of-the-money put options? :p

Well said!

Poor babies, they are not making good money anymore. These fat cat have some nerve!

66% a year on average, more than 3 times the average yearly return of Warren Buffet! Maybe you should give him a call and manage his money for him, for a hefty fee of course :p Quite frankly you should stop listening to that kind of "music", it has no soul.

Closing trade at 1.5990 (35 pip loss). Possible long re-entry later if signal is still valid.

Bought EUR/NZD at 1.6025 52 pip stop.

Position closed at 0.8498, 55 pip profit.

+70 pips, moving stop to break even.

6 hours of trading? :confused: Are you scalping the market or something? And what are you trading exactly (stocks, commodities, Forex)?

On the 1h chart, the GBP/NZD is also trapped inside a descending channel, so a breakout (hopefully to the upside) is about to take place...

Dumping this trade at 1.0060, 25 pip loss. Possible re-entry later at better price.

And how is buying the S&P500 index a losing proposition in the long run, when its average yearly return is close to 10%?? :confused:

Bought GBP/NZD at 1.9685 Stop at 1.9610 GBP/NZD is an extremely wild beast and requires larger stops. On the other hand it can deliver spectacular profits if it moves in the right direction...

+50 pips, moving stop to break even. Australian Dollar is down as well. Keep moving boys, keep moving!! :cool:

The secret to trading success right there! :p