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I wasn't trading last night at 7pm when it got hit, but it looks like my 122.50 area was perfect low of EURJPY last night. Shot up almost 250 pips from there! I also look for narrow range breakouts in direction of the trend and you can see those labeled by NR4 and NR7 on chart. The dots are...

Here's screen shot showing how INTENSE THE AUD/JPY trend is. It's days like this that I'm glad I gave up the rat race and trade for a living. Most days you just have to grind it out but every once in awhile you get an amazing trend like this.

Today's trends were fantastic. This is my favorite tool by far for trading trends. My AUD/JPY I felt was 70% likely to go up and as you can see with this tool the AUD in REAL TIME confirmed what I thought and JPY was weakest. JPY trending down against 100% of pairs most of the night and AUD...

You guys may find this useful. NEWS: GBP 4:30 AM est Services PMI USD 8:15 AM est ADP Non-Farm Employment Change 10:00 AM est ISM Non-Manufacturing PMI 10:30 AM est Crude Oil Inventories AUD 7:30 PM est Building...

Good advice. I'm really happy with current results but every once in awhile try to push myself. That 50 lot trade I had on ONCE was very scary and it didn't initially go my way, was down almost 10 pips in it at first and then luckily it reversed. SCARY. The chat room I trade in has...

I just don't feel myself today and had some trouble coming up with likely directions in some of the individual pairs which lead to this analysis. Therefore I'm going to trade probably half sizes tomorrow on this unless REAL TIME tools give me more confidence. Another person I trade with and...

Please lets not dwell on this. Firstly it makes me feel uncomfortable and secondly this isn't such a big deal. I know a trader in our chat room who has over an $8 million account and he does regularly trade 50 to 100 full lots and has a few positions on at a time often. I'm still a small fry...

One of my favorite Support/Resistance areas are Fib retracements and Fib targets. Somebody awhile ago seemed to not believe there were auto fib tools available on the market and was doing my analysis for tomorrow and thought I'd snap a screen shot of the auto fib tool in action. It's how I...

Here's an example of a trade I didn't take because the EUR was so strong and JPY so weak. The EUR was trending up on about 84% of currencies and JPY down. The first time my level got hit it did pull back about 40 pips but then shot through the next time due to this currencies strength...

My USDCHF level got hit and I put in 25 pip stop and target right under the 50% fib target and went back to sleep. Because it was not TOO weak at my level I took this trade. If I see the currency is weakest of all of them I certainly wouldn't have taken this. Made 41 pips

Currencies I expect to go UP USD/CAD Buy 1.2750 EUR/GBP Buy .8911 to .8887 EUR/CAD Buy 1.6100 to 1.6050 USD/CHF Buy 1.1684 to 1.1675 USD/JPY Buy 96.37 Hard to predict as both were weak today GBP/CAD Currencies I expect to go DOWN EUR/JPY Sell 123.66 to 123.83 EUR/USD Sell...

Excellent advice and I appreciate you for sharing this!

Excellent advice thank you. I've scaled into positions in the past as they've gone slightly against me but not too much with winning trades. I'll have to try that but not sure it will work for me as I'm often out in 30 mins to 5 hours and don't hold for days where it would really be...

Yes they are full size lots however for the account size I'm trading its small risk per trade. Many days I usually have 2 or 3 minimum trades going on at same time and I feel nervous when trading larger than this. I've found psychologically I can't seem to contain my anxiety when trading...

I unfortunately did NOT trade the USD/CAD. As anticipated the CAD was weak and CADJPY fell and USDCAD went up. Here are areas I would have bought had I been up and trading. I gave my iphone to my sister's son to play games and I turned volume down as it was annoying us and thus didn't hear my...

I'll be the first to say often my analysis is wrong, DEAD WRONG and what you THINK is likely to happen doesn't even compare with what is happening NOW ! I was wrong about the GBP, the previous day's strength in the GBP didn't continue and not only that it was often the WEAKEST of all the...

I traded with Heiken ashi candles for a long time, found them more useful on 15, 30 and longer min bars than shorter ones but you can see in this chart when trend's down and heiken ashi turns red go short and get out when trailing stop gets hit. I never used to use them for exits ONLY ENTRIES...

You shouldn't be too impressed! :-) There's quite a few other women in the forex chat room I trade in often. I wasn't always a profitable trader, the first 3 years were HARD! Somebody should write a book about what NEVER to do as a trader, would have saved me about $50,000 which was about...

Excellent point about using them in relation to OTHER support/resistance areas. That's how I come up with my levels too and also use statistical ranges, nice to know others do too with success. I do know the pivot itself = (H+L+C)/3 so if during the asian session as you said if high/low...

I'm predicting the CAD itself to be very weak tomorrow which is why I feel GBPCAD, USDCAD and EURCAD should go up and CADJPY down. Trends do change though so watch LIVE charts and if for some reason the CAD's weakness reverses then be careful. LIVE DATA Rules and is King. Likely to go UP...