swing traders trade against the major trend at times. depends upon your system. "absolute" rules seldom apply to every system. I have been trading a simple crossever trend system and it often requires I go against the daily trend even on the 3 hour ...

Never trade against the larger trend?

sweet. many lessons to be learned from your story. BUT, lock in profits per Bemac's advice. Accidents usually affect traders on the opposite end of the pain/pleasure spectrum. be sure to adjust stops and lock in profits though..... lest ye anger the ...

OH NO! Whats going to happen?

Get your ass to southwest Kansas and touch me already then. I'll pay your plane ticket and show you some tumbleweeds while you're here.

NFP 10/6

Unfortunately, I did trade the way I usually do. Your welcome for your profit. It was a tad more than 2 cents too. hehe, I needed that arse whuppin' to complete my conversion to trendism. Thank you, oh great & wise market.

NFP 10/6

I think you need a news service to get the revisions. TTN always did that for me as I recall. However, I read an earlier post that seemed to indicate the revision "should" have made the NFP numbers even more bearish. I am curious about that since I ...

Revisions, Revisions

NFP, great giver of pain. I interpret this as sign from above to completely abandon news trading and convert to trendism.

NFP 10/6

everyone knew that was going to happen. Theory: some traders establish positions in hopes that the rate change will be a surprise and raise higher than expected. Then close position when report comes in as expected. Probably some jobber just filled ...

Anyone can tell me why ECB raised interest rate .25% but made the EURO decline ?

TICS moving the market that much. Hogwash I say! Pure balderdash.

Hottest Economic Reports for 2006

Look for the words: easy, guaranteed, 1 pip spreads, blinking lights, felix, offshore, clinton and freedom. Run the other direction.

Forex Scams: How to Spot Them a Mile Away

interesting spike this morning, I am assuming from the ADP report. At work and cannot verify without access to my account. If I remember correctly, this report has yet to show any correlation to the NFP report. But, I'm often wrong. My teenagers ...

ADP payrolls

Speeches are hard to trade. I have yet to read a method for reliably trading them. However, I am currently long eurusd and gbpusd. When he opens his mouth, I predict the dollar to slide. That's not why I'm long though... I'm long cuz my super simple ...

Bernanke

got ripped off on your demo account, eh? i about fell out of my chair on that one.

Is there anything else than FOREX ??? That you can make good money.

just lose. don't make money and write off your losses as a business expense. that's what most traders do. If you are fortunate enough to be earning a living via trading, congratulations! Now, belly up to the bar and pay up like everyone else that ...

I don't want to pay tax

That picture's not big enough for me to read the print;however, what I see is some wonderful trends to trade on what I am assuming is the crossover of moving averages. That chart kind of makes me horny. I love that pair. : btw, I think the answer ...

why does cable reverse almost every day

I would think the objective for a broker would be to fill orders-regardless of whether it's a stop or take profit. The more orders they fill, the more money they make. I am curious if anyone agrees with this and, if so, is it a factor in their ...

stop running

Open an account with Oanda or some other micro account broker. You can set any size position you choose. You could open a 1% position on your $500 account and risk $5. if your position size=$1000, then each pip is worth about $0.10 (ballpark), so ...

So I doubled a DEMO, now I have half of my LIVE deposit.

That is a really great site. Thanks alot for the input. Fellow noobs should read this.

A little help, please

I think EVERY might be a slight overstatement, but there are multiple ways to exploit markets that will work. I do not think that there is any system that can make money in every type of market. Also, that red light/green light computer on TV is ...

Coulda, shoulda, woulda..... a losing game.

Nothing worth doing is free or easy. If you don't enjoy the activities associated with trading and only want to get rich quick, I just want to thank you in advance for your contribution to the market. Somebody's got to foot the bill and thank you ...

Coulda, shoulda, woulda..... a losing game.

This may not be the market for you or being a trader may not be your calling. I do appreciate your input that demo trading is quite potentially an unreliable way of developing a strategy. Either quit or retest your strategy with minimicrolots, er ...

Coulda, shoulda, woulda..... a losing game.