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I do not trade stocks anymore (no leverage) but the gap you are seeing could be an exhaustion gap.

You were right, I could have made almost 500 pips on that EUR/NZD move and the price did not even threaten my stop or my break-even stop. Oh well.

Absolutely. You trade, you risk. Period.

+25 pips, moving stop to break-even, off to bed now.

How true.

GBP/USD is testing the breakout line, this is the moment of truth (and a chance to buy more GBP/USD)....

Making "millions" a year does not mean a thing, it's the return on investment and the maximum drawdown that count.

This is the GBP/USD 5 min chart, I bought at 1.6185, ahead of the breakout. This is a "just for fun" trade. I know, real traders do not trade just for fun, shame on me, but the Asian session is so boring sometimes :p Let's see how far it can go now...or not. (if price re-enters the triangle...

Absolutely, chart reading is an art. It takes years of observation to master. But after a while, you almost immediately know if the pattern is valid or if you are just imagining things.

YES!! Seems like the beginning of a breakout, keep going boy! :)

Well it depends on your time frame of course. So if you are expecting a huge bear market on the 1h chart, short any pullback that tests the previous pivot low on the 1h chart.

GBP/USD, the EUR/USD little cousin, is forming a nice triangle formation on an uptrend (15 min chart). This could lead to a serious upside breakout...

Seems like a very good trade. But as you know, EUR/NZD is a wild beast, I usually take a 30 to 50 pip profit and get out. EDIT: Sorry, I was looking at the wrong chart, ignore that last comment :eek:

Closing all short EUR/USD positions at 1.3465 (100 pips below my first short position), possible short re-entry later if downtrend is still valid.

Tell that to Blotto, I simply told ET traders that a breakdown on the EUR/USD was possible and it did happen, so what on earth is the problem with him?? Oh yeah, he "predicted" an upside spike on the EUR/USD on some other thread, so what, what this has to do with anything? By the way...

What?? I told traders to do what?? Reread this topic carefully, I never asked anybody to do anything (in this thread or any other thread), I was merely suggesting the - high - possibility of a breakdown on the EUR/USD. Are you for real??? Are you suggesting that I caused that spike just to...

As you can see, Blotto literally laughed at the possibility of a breakout on the EUR/USD . And then he went mute when the Euro dropped almost 200 pips, cutting through that channel like a knife through butter! But now that the trend is reversing (due to normal profit taking activity...

Uh-uh, EUR/USD going up a bit, out at 1.3480 (15 pip loss on that third short position), all short positions have been reduced, will consider shorting again if the euro closes below the 1.3450 area. Never fight a trend and never marry a position, even a profitable one (one of my trading rules).

The Japan Rate Decision report changed everything today on the early AM (New York time), now we have a strong uptrend on the Yen and its crosses, you might want to proceed with extreme caution.

We all make mistakes, the important thing is to learn from them and move on, there are plenty of new, fresh trading opportunities every day. Ok, shorting more EUR/USD at 1.3465 (100 pips below my initial short position), the Euro rejected the 38.2% Fibonacci 3 times on the 15 min chart, see...