wait for breakout or retrace?

what signs you use for confirmation?

Breakout..., have to stay next to your pc to catch the breakout moment.

How do you also know if some were false ones?

False breakout, sometime occurs when the highest or lowest price nearly 00 or 50 line. Another one if last friday highest price is the highest price of the week, then on monday if price trying to break sometimes it will be a false breakout.

If friday has the highest/lowest price, we should put pending orders on saturday. But since the market is off on weekend, better dont put order on monday. Try to put pending order if there is good reason on it.

I don't get it, why some of you guys keep on saying monday and friday trading is dangerous?

there's nothing dangerous about it, it just a matter of preference.
would you skip a very good entries if you saw one? the only day i don't trade is where there are public holidays. ie: christmas etc etc where banks are closed...

p/s: if your spread shows normal figure (not higher than normal), it's safe to trade 

You guys entered the EU train? Are you guys still holding it? Btw fundamental sifu, what JPY gonna be later for the speech?

if you guys got about 60-70 pips trade profit, will you close the order or just continue to ride the train?

it is safe to get to know fundamentals.
read a lot. read everything from economic to political situations as these move market.
for sure reading gossip will not give you anything ..
as time goes by, sooner or later you'll catch the drift..

alamak.... should have traded gbpusd 

ok.. now since most ppl cant really understand fundamental and wish go for technical..

then lets talk about technical...

now... newbie or not... what is the first thing in mind when u want talk about technical?

candle stick, bar, moving average, oscillators, Support and resistance, stoch, parabolics, MACD, harmonic patterns, head & shoulder?

or strategies like buying and selling limits?  structural pattern limits? safe zone and risk management? ratio R;R?

lets do a role play....state your method first.. then i ll break u in failure method...

probability is guessing...

Wow, more than 100+ pip short....what in the world...would it continue to go south? 

http://www.financemagnates.com/institution...ly-3b-in-fines/ i think the people that have over 60 million usd get manipulate by banks      who know?        Four of them, Citicorp, JPMorgan, Barclays and RBS also agreed to plead guilty to conspiring to manipulate the price of U.S. dollars and euros, receiving criminal fines totaling more than $2.5 billion.

Considering the amount they profit out of it and it not being the first...guess it's a cycle thing?

Anyway, Fly USD Fly~

That's why i don't have stop loss. I only take certain amount as loss. When it reach that amount, i close all trades and go plant some vege