Recent content by bodebliss

Oh yeah, I've never seen them. I always did it myself. Not one to trust someone else's figures. I guess.

What method do you use to set the range for the currency pair you're trading? I start with the weekly chart and compare it with the monthly, then I look to the daily.

You have to put up more money to back your trade. The market may rally 100 points on news but will then turn and go where it was going anyways. I remember I saw a chart once on how much the Euro rallies on different kinds of news input. It wasn't more than 140 pips on average for the highest...

It don't take genius to be a trader

Anyone see a sell off for Sunday into Monday? The currency converters are showing cable down 40 pips. http://www.xe.com/ucc/

You were more careful and consciencious for awhile. The successful trader will treat his trading like a business. Business owners at the outset put in long days (12-16 hours) till they are successful. If wannabes were to take that tack they would have fewer problems.

"learn how to master the most challenging thing traders face each and every day" It's got to be be an ad for valium. The thing new traders must master is their emotions. After that trading becomes simpler.

Before you can take the 5ver out of the market , you must take the 100 out of your back pocket. or It takes gold to make gold.

"I dont know what to call Forex, but by definition, its not gambling, risk is involved, but its simply not gamling, i cant make it any clearer than i have already with two definitions for you." By definition: Traders are merchants and speculators. We buy low sell high, Sell high buy low. If...

Why continue spreading your trades over a wider and wider network? The people who make money only involve themselves in one or two contracts and become niche players for life. Jack of all trading don't get it.

Look for another downward spike into the 1.700 area institutional longs are giving up on rate hike soon

For cable there is good support @ 1.667 but that's a long way away The only thing that will keep it from falling to support is a rate hike If they don't hike rates , well, look for a freefall.

I still am thinking cable will go for 1.685 or 1.690 ,50 movin aver on the monthly chart this month or next. Anybody else?

Cable might eventually go down to 1.685 or 1.6900 area next month before turning around fully . The 50 month moving average.

"W" forming on the 15 minute chart