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To the OP, I recommend that you demo trade for a while and see how it goes instead of outright quitting. The secret to trading is to take out the emotions! The way to do that is with position sizing. For example, I am great at keeping my loses small as long as the lost constitutes no more...

If the Eur/Usd or Aus/Usd charts turn bearish sure I'll look for an entry on a short position. The weekly charts are still bullish so the odds are in favour of a bullish move, but I'm not planning to take a long position until I see some bullish action on the daily charts. Good luck with...

Does that mean that when it happens you won't be taking the vaccine?

The point is, the so called "pandemic outbreak" will miraculously come out of nowhere when the 100 million vaccinations have been delivered. Which could be within the next few months if the vaccines are about to be delivered! If it goes down like this it is a sign that things are much much...

Sanofi-Pasteur is about to deliver next month 100 million Avian Flu vaccines (at $15 USD each) to the U.S. Consider this, it is impossible to develop a pandemic virus vaccine without having a source of the pandemic virus first. Read this, it might prove to be very important...

I agree it has been difficult to go long and hold on to aus/usd, however there have been many nice swing trades from the long side and as I expect some more straight ahead.

The Aus/Usd looks like a better long play than Eur/Usd.

My money is on Aus/Usd

The same people pulling Bush's strings will be pulling Obama's. Iraq and Iran were the two black sheep that threatened to sell oil in Euros. If anyone seriously expects change, they are delluded

Bring George Waterboard Bush to justice. Btw, Obama will be just as damaging or more by the time U.S has attacked Iran (either directly or via Isreal) however he will carry it off with charisma. He gets his orders from the very same people.

Bearish? Last week the Eur/Usd weekly chart made an all time high close! Until the weekly chart says otherwise this is a pullback before further bullishness.

http://www.wsws.org/articles/2008/jun2008/iran-j30.shtml

Have you considered that taking picking off several smaller trades from a larger move increases your trading opportunity. Increasing opportunity is another way to grow your account assuming that you have a net positive expectancy.

When you take the time to study the evidence (physics, logistics, motive, outcomes) it all points to carefully planned professional job. Bush's administration unlikely planned it, but they were clearly complicit and to and facilitated the media and political fallout. You shouldn't really be...

Nice trade Ivanovich! I can see a run to 1.0250 area as probable.

Money Management and an edge. If you are not exploiting an edge on every trade it's hard to win.

I would never recommend that a trader focus on just one timeframe like the 15min, I feel that it is essential to get your trade ideas off of a higher timeframe before you look for a trade in the lower timeframe.

Ok I see what you are saying. I should have wrote "4 simple steps of successful trend trading ". I agree that steps 1 and 3 don't apply to other methods of trading.

I feel that successful trading is achieved when the following 4 steps are followed on each trade: 1) Trade in direction of broader market (.i.e the direction of the higher timeframes) 2) Set a good stop (i.e if going long, the stop should be below support, if going short the stop should be...

2 outcomes here: 1) he picks the wrong side, loses everything, falls into deep depression and commits suicide. 2) he picks the right side, decides that this is the holy grail and doubles down until he ends up at 1)