Market Up Trend - A series of distinct peaks which form higher highs (HH) and distinct valleys which form higher lows (HL). Market Down Trend - A series of distinct peaks which form lower highs (LH) and disctinct valleys which form (LL). Choppy ...

"Trend" , how do you actually trace the current trend ?

6% seems like a lot to me. I risk 3% but everyone has a slightly different number. The number you use shouldn't be a "gut feel" calculation. For a given system accuracy and a maximum allowed drawdown there exists a number for your system. Risk too ...

How much money can a seasoned semi-pro make with trading on Forex?

No, I was joking (partialy) that if you gave most traders $10K they would lose $7500.

How much money can a seasoned semi-pro make with trading on Forex?

If that's your answer then why bother participating in this forum? The original poster deserves better than that. Don't be afraid to say "I'm a 22 year old smartass and I didn't know what I was talking about."

How much money can a seasoned semi-pro make with trading on Forex?

Most could take your $10,000 and turn it into $2500 in about 2 months. Some could do it more quickly. I think forex is much easier than stocks because it trends a higher percentage of the time. The leverage is quite nice as well.

How much money can a seasoned semi-pro make with trading on Forex?

Mine are generally "If in trade for X time and there is not Y pips, then close." Clearly is a trade is winning there's not reason to mindlessly close it based on time.

Using Time Stops?

That's been my experience as well. If you don't want to trade exit your position rather than handing more pips back to the market. The market wouldn't do the same for you if the situation were reversed.

Using Time Stops?

He who pick bottom get stinky finger.

Daily Entries (all pairs)

Sorry to butt in. It's just a handy little thumbrule that I stumbled on when playing with numbers one day. Congrats on the big pips!

BAD November?

These calculations assume a 3% risk on each trade, a $10,000 account, and $10/pip (which applies to any pair with USD at the counter currency) $10,000 USD x 3% = $300 USD. If a currency is $10 per pip and you used a 30 pip stop you will find that ...

BAD November?

I use time stops. They are usually somewhere between 5 and 10 candles. When I enter a position I presumably have an edge. Over time that edge errodes to nothing better than 50:50 and I no longer choose to risk my money on nothing more than a gamble. ...

Using Time Stops?

Isn't November only half over?

BAD November?

Well, I can't argue if you make up your own definitions. I was thinking that volatility was a defined trading term that everyone used.

BAD November?

I would think that would be pair dependent. How are you measuring volatility?

BAD November?

So much for promises.

Who is waiting a USD rally soon?

Soultrader, thanks for bearing your soul and letting us fix it for you...LOL

Why oh Why ....

As much as I try, I can not understand how buying equities affects the carry trade. What do you mean that buying equities is also buying into the carry? Below is a chart of the VIX which is considered a good measure of fear and risk appetite and the ...

Trading The "Normal State"

They say that there are only two ways for the market to make you exit: It can scare you It can bore youIt looks like you got taken out by the latter. It happens to all of us as you undoubtedly know. Just think, if you had walked a little further you ...

Why oh Why ....

I'm not going to aruge with you. I wrote what I beleived to be a compelling argument here on FF back in early October about the trends that we were experiencing and that too few people were taking adavantage of them. I wrote elsewhere months before ...

BAD November?

The market stopped trending? Did you know the EURUSD made new highs on 10 of the last 11 weeks? Did you know the USDCHF broke 2005 lows last week? You don't have to look very hard to find a trend to trade. I doubt that many people who have the ...

BAD November?