I understand the alure of free healthcare. Most Americans who are in favor of government controlled healthcare believe it will be free to all but the wealthy. It will not be free. Most believe that the quality of healthcare will be the same under ...

Technical Analysis Fallacy

I think a majority of Americans are in favor of health insurance reform. But, these companies also need to be able to compete across state lines and that will help lower prices, too. Also, I like the idea of coops to compete with the insurance ...

Technical Analysis Fallacy

FYI - there remains a majority of Americans that believe in capitalism, and reject government control of anything that is not defined as part of government's responsibility by the US Constitution. Outside of a few examples, there are no government ...

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LOL

Technical Analysis Fallacy

Not sure about healthcare in the US, but I am long the E/$ at 1.4523, watching the $/CAD for entry. Hope you are all trading well.

Technical Analysis Fallacy

OK, I am square on the GBP/$ long position, and am looking at the EUR/$ for any retrace profits at/after the NY open. Still waiting on the E/J.

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Happy trading day to everyone. Been long all morning on the GBP/$ at 1.6443. Waiting now for a better entry on the E/J. Hope you are all trading well.

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Happy Labor Day, luSan. Above is a good way to start every day, yes?

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Great post, fti. God bless you and everyone here.

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I always place a stop on my trades, and the actual stop depends on the trade set-up and market conditions. On average, my stop is about 25-35 pips, but on GBP crosses it can get as high as 50 pips. I would rather take a 2-3% hit on my account than ...

POLL: Do you use stops? If so, how large?

Amen

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I guess the AFL-CIO and their Dem friends do not realize that these traders, and the trading business they work for, will just move out of the US to avoid the tax. Then NYC will implode when these people leave and the city has no money.

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If I understand what you are saying here, then no, I am not trying to achieve constant profit without many deviations. I strive to achieve constant execution of strategy and I will take whatever profits or losses the market gives me. YOur trading ...

Technical Analysis Fallacy

Happy trading day to everyone. Looks like the summer vacation days are over, with a great trading day so far. I am taking a break now for a fresh cup of coffee and a breath of fresh air. I try to take this time off every day, as NY fixing is ...

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LOL - how true.

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Hi gdb, I think luSan and auxesis have given you some wise words to follow. I hope fti and the experienced traders here will forgive me for adding a few recommendations, as I do not want to sound like a big shot or some huge trader that knows ...

Technical Analysis Fallacy

I do not have a good feeling about the market right now. Very thin action that looks to be squaring up its earlier moves, perhaps then done for the week. This is the last day of summer holiday so expect NY traders to be back next week. Perhaps it is ...

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Thanks fti. I think caution is key, and everyone must keep their heads in the battle or risk all. Back to my focus. Good trading.

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U of M confidence numbers due in about 30 minutes. I wonder if anyone is around in NY to trade today. I imagine the beaches on Long Island and around NJ are filling up as I type this.

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fti, glad you and your account have lived to fight again another day. Good luck today. I will be very happy next week when August is finally over and traders are back at work. Good trading everyone.

Technical Analysis Fallacy