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Yep agree with that. I think it was Jessie Livermore himself that said, the first and last few cents (points) on a trade are the most expensive ... be happy with the meat in the middle! good luck

From here I suspect that a good leg down to 1.0100 or further is on the cards for next week. Of course if fed doesn't cut it could turn things around ...

If it drops down to the 76.50 area I would fancy a short position, but from this level I would only be long or out. Good luck.

Lol, you might be a little premature with your comment ...

Price action ...

I rather fancy a short here ... entry on price moving below 1.0295 area. Targetting 1.0050 area...

As far as I can tell, the most probable next move is to around the 6.7 area over next few trading days. Happy Trading.

I like the recent action on this one. On friday, considering what a beating usd took against the other currencies it held up very well. I expect a move on the long side this week. First target today or tomorrow of 1.0640 is a high probability. Next target 1.0770. good trading. Dr Evil.

OP, Would you feel better if you were able to immediately start building up your income and improving your trading at the same time? Get a job that will cover your living expenses and get to work with a Demo account (MetaTrader is highly recommended). Having some regular income coming...

LonelyTrader, don't feel so bad, afterall 90% of retail traders are not winning either. A few things for you to think about: 1) Stop trading money! Open a demo account (MetaTrader for forex is good). Trust me, IF you actually figure out how to be consistently profitable you are...

OP, practice on a forex or futures demo account and you'll get the hang of trading in both directions.

If enough people stop paying their income tax, it might just force the issue either way 1) Further ammendment of consitution or constitution is officially scrapped (it's not followed anyway) 2) Government moves to a treasury system doesn't borrow from FED. I don't think enough...

dalailama, likely it will never happen. Best thing to do is do what the private banks behind the fed do: don't pay income tax (if you are willing to go to court as has been seen with Ed Brown and others, they won't be able to find a law that says you have to or should pay it). As the...

There are lots of people giving advatages of a treasury system where government creates it's own money and avoids the debt issue and paves the way for less or no income tax. What I asked for was advantages of the current system of the government borrowing money from a private bank (the fed...

To look at things from a different perspective, can someone please list for me the reasons why a fed reserve system is advantageous to a treasury system where the government creates it's own money without having to borrow it from a private bank?

Another conspiricy theory is that less than a year before the meeting in 1913 where the fed reserve bank and income tax plans were devised, the only people powerful and rich enough to stop them (and who probably would have) were rounded up on a large boat, which ignored all warnings, and sailed...

I read somewhere that 'income tax' was only intented to be an emergency tax to be used during world war 1 (might have been 2 actually) and was never meant to be a long term solution. Scrap income tax, capital gains tax, inheritance tax etc ... and jack up vat tax on goods. What better...

Yep got stopped out too. boo hoo. I'll wait for the dust to settle and a good entry opportunity. Good luck.

Yep, a lot of similarities. I trade clean charts (no indicators)... focus on daily, 4 hr charts for general direction and take trades in 1 hr charts. I'm not considering covering just yet. best of trading

Risktaker, I put on a very similar trade, I got in at 1.92310 but otherwise the parameters are the same. Wonder if we are using a similar setup :) I took a similar trade in eur/usd as well (same setup). best of trading! the evil one.