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This plunge that just hit missed me because i closed out my over leveraged positions for the day. Crazy move with pretty much no volume. Looks like someone shit a brick and dumped all their Euros soon as Asia opened. I'd expect a retrace though.

As they say, this is how markets are made as our opinions differ. Every time i try to rationalize a trend from fundamentals it always bucks me. Right now we are poised for a massive break downward on the EUR USD. However since it is August we may range or drift higher so if we don't pass...

Not bad for a piker eh? Still think we are going much further south over the course of the next month or two to around 1.45. Edit: It is amazing to me on other forums how many people are in denial that the USD strengthening is underway. Many can't believe we are this low and looking...

[x] Post delivers There are so many people long the Euro right now because they think it "has" to come back up off these lows. What many don't understand is exactly what the article above explains. We are on the verge of a major trend reversal. I already deposited 1k into a mini...

I live in Michigan and as you may guess it's pretty much dead here. I want to pursue the CFA to open doors for me. My career path is to eventually trade for a living. And i understand a CFA does not improve trading and is essentially worthless however in the real world degrees and...

So like many on here i tried to trade e minis with like 2.5k i think it was and lost 1k just due to the fact that trading under capitalized is extremely difficult. It took me -1k to figure out i need to get a job..save...and then trade. So you can search my name and find the thread i started a...

wow...just found this thread. Interesting to see how i thought almost 3 years ago. Where am i at now? Graduated college, probably going back to do a masters in accounting, i refuse to do sales at a bank which is all i'm getting offered atm. I came to the conclusion that starting with...

I'm not a newb to stocks or the market in general, just a 100% newb to options. So let's say i think i'm pretty savvy and with 10k i want to take advantage of short term trends with options. The strategy calls for catching up or down trends that can range from 1-3 months. For example...

long USD/Yen, get out if 118 is breached.

2.0230, if we can bypass that with no problems i think we can look for 2.0065 next week.

ouch, monster retrace, i think a battle is underway and next week should be eventfull.

Whew, good thing i took profits. My long is working out well now too, i knew these bulls weren't done. I really don't want to start another thread to post my blotter so if you think i'm being facetious pm for a screen shot.

I'll post a chart later. Summary: Took short profits going into the weekend with a light long to feel out the market and will re evaluate come monday. I think the bear usd's are going to have a little bit of a fight left and i expect a bounce upward next week. Still a short bias and...

This chart here is a daily, its what i use to get my direction. I'll scale down for entries into a position. This is my real account i have $300 dollars in it. Had more but my damn econometrics book was a little more pricey than i thought.:mad: Now i know there has been a huge fake...

Exactly, this is how you do it. I've been going back and forth on this for a long time now and it's come down to this. With all the wicked spikes in forex, the more you trade the more you lose. That i can guarantee you. I wish i had the numbers but i will bet forex traders trade much more...

robinho, i think that's how you spell it. The kid is going to be amazing in south africa, you wait and see. buy robinho calls along with us dollars.

i've learned the more actively you trade the more you will lose. My suggestion is position trading because day trading anything is tough enough and forex is just that much harder. Learned that by losing my ass.

I agree:)

i'm still standing firm on my end of summer rally of the bear usd is coming to an end. I think the dollar is headed for greener pastures once the fall liquidity comes in. And if i'm wrong i will lose money which hurts more than any name calling on the forums.

overtraded so much that the blotter won't fit on a simple print screen. was up to $530 then overtraded into a -$80.00 day from yesterdays ending $480.00 Advice: Don't be a mo-ron on monday like i was today