T.Chivers

I just take the silly approach not to take negative trades personally & take a break when trades are not going my way. Sometimes just taking a step back & not adding extra pressure on yourself can make a difference in getting back on the winning track.

I have a buy stop on Crude March Futures at 95.20. The 95 level has seemed to be the biggest test as of late!

I am currently staying away for the time being, as the pair has been unclear with what direction to take. I'm waiting for a clear break above 1.3700 on the upside or 1.3550 before I enter a proper trade. Does anyone suggest any trades to look for between the levels I mentioned?

Hi Mitsubishi, thank you for your comment, I hope we have a client out there who have an experience with Windsor or A Cyprus based broker. But no offence, I wouldn't trust a broker in Zimbabwe, I don't think the regulations there is strong "my opinion". In addition many good brokers are based in Cyprus so there must be a reason why every one is going there, not to mention regulations in Cyprus as a European country. About Cyprus, there was a financial crisis there as I heard, dono how it affects the FX business there. Still waiting if any trader can give us a non-bias opinion about the company and the country. Cheerz

I tried with an EA & it seemed I never got the price that triggered the trade, but what you mentioned above makes sense. I just avoid it now.

I found that most FX Brokers do not tolerate scalping, even though they say is acceptable. I tried it using an expert & I saw little success. I have to agree with the others, that day trading is more effective in the long term, provided that you're willing to take the time to analyse the markets.

This should be a good week to evaluate the EURUSD as its hasn't been able to clearly break the 1.36 level. I think dropping well below 1.35 is very realistic with the amount U.S Data that will be released. The big question is, will the data only influence short term on the pair or will the trend reverse going on to next week. On the down side 1.3465 will be a key level to look out for at its a sturdy support & a clean break above 1.36 should push it back to Oct highs at about 1.38 in the near term.