M.A

Bernark's comments stopped rally in gbp/usd. Bernarke said that economic recovery process is continuing at comfortable pace but more accomodative policies are needed. BoE indicated that, given less than expected pace in U.K's economic recovery, interest rates are expected to remain unchanged. Gbp/usd was expected to find resistance at 1.5304 and support at 1.5079. It has currently consolidated around 1.5220. Market sentiments are not in favor of usd so gbp/usd is likely to touch 1.5304 level.

eur/usd dropped quickly after bernarke's speech over central bank policy. He said that bank may limit bond purchases by the end of current year. This quick drop was recovered within a couple of hours which reflects that market sentiments are strongly in favor of weaker usd. Usd/jpy retraced after reaching 99.94 and is now expected to reach support level of 98.90. Major support lies at 11-july low of 98.28.

Weaker than expected U.S retails sales data VS Weaker than expected CPI from UK. Result is as expected and gbp/usd has erased all gains today after CPI release. But usd weakeness dominates has taken gbp/usd up again. By looking at current market sentiments, gbp/usd is will most probably go towards next resistance zone of 1.5195 to 1.5200.

After worse than expected retail sales data, usd continues to weaken against major counterparts especially against eur and jpy. Even though eur/usd has been bullish since retail sales data release but it is still not enough to take it out of range-bound movements. Before bernarke's speech, on 18 july, we may see another bearish move towards 1.3000. But if pair crosses 1.3206 then major reversal is not expected. It depends on bernarke's speech.

50/50 is the ideal situation which will happen rarely and yes u will either loose or win if u trade randomly. In the end result will be either in favor of loss or profit. But who would take risk, with real money, to test if he makes profit or not. This can obviously be tested on demo if someone has enough time. I believe no one has enough time to test this randomness for a long period.

Eur/usd was expected to stay bearish until Retails sales data release which is to be released in another 15 minutes. Market has already gone below key support level of 1.3000 but directional movement is still unclear. I am staying on hold until retail sales data. Usd/jpy has already crossed 100 level. There was a chance of bullish movement towards resistance level of 100.15 but not as sharp as it has moved. It is currently trading just below 100.50.

There was no important fundamentals from U.K this week and U.S data was dominant in defining direction. Gbp/usd and eur/usd moved in almost same style. Look at any usd pair and it will tell the impact of fomc and bernarke's speech. Market sentiments are still bullish. Resistance level lies at 1.5300 and then at 1.5478.

Bearish sentiments were very strong before FOMC minutes but quick reversal has taken the pair well above support zone. Future of usd will be more clear after U.S sales report and Bernarke's speech next week. Usd weakness is clearly reflected in usd/jpy's performance last week. BoJ's policy remains unchanged so it didnt have much impact on jpy. It is currently trading below 100 and is expected to go below 98.00 next week.

Instead of any significant downward corrective move, gbp/usd is rangebound and by looking at current mood, it looks like gbp/usd will go towards major resistance level of 1.5304.

1.2750... I dun see corrective moves going this much down. Even though usd data came better than expected but it still remained above 1.3000. I am expecting usd to weaken more against counterparts.

Gbp/usd is strongly bullish after 10-july fundamentals. It will most probably reach near resistance level of 1.5300. There are no major fundamentals tomorrow so I am not expecting any major retracement.

At the moment I have 14 years data so my research is based on that. There are very few days when eur/usd moves as much as it moved on 10-july. Around 440 pip movement is rarely seen in eur/usd. But it is still unable to make in top 10 most-volatile-days list if we check past 14 year history. An interesting fact is that top 10 most volatile days, in past 14 years, are in 2008. Nine of these 10 are in last three months of 2008. In to 50 most volatile days list, in past 14 years, 30 are in 2008. Yesterday was 11th most volatile day in past 14 years. FOMC meeting minutes and then Bernarke's speech caused this volatility in Eur/usd. Technically eur/usd found good support near 27-march low of 1.2752. At the moment, eur/usd has consolidated around 1.3100. For day traders, corrective moves are probable but trend is unclear so I will prefer to stay on hold. Usd also lost to Jpy but not as much as it lost to Eur. Current fall can be a temporary fall. Hourly chart is giving range-bound indications.

After weaker than expected data from U.K, gbp/usd has set new 38-month low. Next target is 1.4229 which looks highly probable given current economic situation. Small retracements are expected.

Eur/usd just came down to major support level of 1.2747. Looks like it has followed gbp/usd which came down due to weaker than expected data. Retracement is expected from this point. usd/jpy is still range-bound. Longterm trend remains bullish and breakout is expected to occur in favor of bulls. Resistance is around 102.53.

No fundamentals from U.K. Tomorrow industrial production, manufacturing production, trade balance and NIESR gdp estimate data will be released. Gbp/usd was expected to follow eur/usd's corrective moves today as both fell sharply in last week. Gbp/usd is still below resistance level of 1.4986. Clear trend will be defined tomorrow after above data is released.

Eur/usd continued corrective moves which r still below resistance level of 1.2896. Draghi's speech didnt have any significant impact. Technically, eur/usd reached major support zone on friday which is why bearish sentiments are weak. It is expected to stay above this support zone. Usd/jpy is rangebound and is expected to continue its longterm trend which is bullish. Resistance level lies at 102.53

Another strong day for USD. Non-farm payrolls data came better than expected. Usd is rocketing against rivals. As expected Eur/usd has crossed support level of 1.2837 and very near to major support level of 1.2796. No more important fundamentals for the rest of the day.

Nope. I do not plan on joining any "group" . But this is fact that ur writing style is a bit difficult for me to understand. Maybe due to too many abbreviations or maybe due to some other reason. About 0.33 of optimal-f...maybe an example would be best because I am still confused.

Halifax housing price data came better than expected and interest rate remained unchanged. After dovish statements from BoE statement, Gbp fell sharply against counterparts. Gbp/usd went to 5-week low and eur/gbp gained more than 100 pips immediately after it but then corrective moves erased more than 50% of the gains.

For this first time, in this week, fundamentals made an impact on majors. Eurozone interest rate remained unchanged. After Draghi's speech, eur/usd fell more than 100 pips within half an hour. Pair is currently trading above 1.2900 and I am expecting it to go towards next support level of 1.2837. Usd/jpy played around, mostly below, 100 today. Short term trend remains unclear. Technically, longterm trend remains bullish.

Eur/usd is steadily heading towards its next target of 1.2837. In next 2 hours, ADP non-farm employment data will be released and 15 minutes after that jobless claims and trade balance data will be released. If U.S data comes better than expected then a strong bearish move is expected in eur/usd. If U.S data comes weaker than expected then either the pair will go into consolidation mode or we may see very small upward move for a short period of time. Usd/jpy crossed 100 level yesterday and reached near 101. It remained above 100 for about 20 hours and then a quick drop took it below 100. I was expecting a pause after reaching near resistance level of 100.75 but wasnt expecting a quick drop below 100. Pair is still trading above support trend line and between 50 and 100 MA. After quick drop, corrective moves are expected until U.S data is released today.

It is hard to undestand u or maybe I am the only one not getting u. I have read about optimal-f mm, not in detail thoug. Even if we use 1/3 of optimal-f, curve will not change because Profit/Loss ratio doesnt depend on optimal-f. The only change will be in amounts and thus in individual percentages for profit and loss. Also, with Dinesh example, are u saying that a risk averse trader routinely has 40% drawdown and he is a professional trader? Sounds weird. Isnt it a bad definition of a Pro trader?

gbp/usd is touching support trend line at this time and I am expecting strong bearish trend if it comes below 1.5200. This bearish trend will most probably take it to near 1.5100.

Manufacturing data didnt have enough impact to move eur/usd downwards. So I am still on hold and waiting for breakout. Longterm expectations are still bearish and shortterm trend is neutral. Usd/jpy's upward movement is becoming slow as it is reaching near 100. Technically there is no resistance before 100 but psychologically 100 level is very strong resistance. Indicators are favoring strong bullish trend and there are currently no important fundamentals to stop it. It may go into consolidation mode before reaching 100. Tomorrow non-farm emplyment, jobless claims, trade balance and BoJ's governor speech are important factors to move this pair in either direction.

Gud one. I think having a look at equity curve will be enough to check profit consistency. There is no optimum level and we can always do better. I understand that even consisten returns doesnt mean optimum level. But does it mean "far below optimum"?