The news is coming out in a few minutes. I'm still very long eu and expecting a higher eu price after the release.

No Rules Trading

I heard a story about a guy that doesn't use charts. All he does is scratch positions that are in the red and add to ones that are in the green. There are quite a few threads about this on the net (elitetrader, trade2win etc..)

No charts?

Where's your stop?

Dave the Trader

With tomorrow's PCE numbers from the US and the GDP data out of the land of the looney, there should be some good volatility. UC has been trading sideways since last Tuesday's CPI release; tomorrow could see us move out of that range. In line with ...

No Rules Trading

My ave price is now 3325, right in the middle of the 3350/00 zone I've been focusing on. You can see from the chart that I'm targeting mid 3400 initially, the grey line is a rough support zone - if price falls below that I'll start to get out. I'll ...

No Rules Trading

I'm guessing what you're trying to determine is whether or not people are prepared to risk more to make more. Just look at how many "unlucky" people enter the lottlo - big payoff, almost certain loss. In your example the risk:return caluclation is ...

Which System Do You Prefer?

Nice trade, stay with it.

Dave the Trader

It seems to me that the euro is setting up to move higher, and the outperform gbp, against the dollar. I'm building a position in the 3300/50 area and am looking to get really big if this thing moves my way.

No Rules Trading

This sounds like some kind of martingale strategy - I hope it isn't. Anyway, keep us updated on your progress.

Dave the Trader

I know this is thread about GU but I think EU may become the better pair to trade in the coming days/weeks. Cable could be stuck in a range while the euro moves higher.

Cable Update (GBPUSD)

To me unrealised profit is the same thing as realised profit - I can't stand to give it back. I feel you need to protect your unrealised profits even at the cost of getting wipsawed.

To Trailing Stop or Not To Trailing Stop....

As you can see I also got nailed in UJ in the past few days. Missery loves company. :

No Rules Trading

The chart below is a 60min EU chart. The red dots are where I got stopped out on Friday. As you can see I got wipsawed and had to get back in at a worse price. Wipsaws happen and you've just got to deal with it and move on. I've gone long 1:2 on the ...

No Rules Trading

UJ has nailed me for the second time in a row but this time it was for very little; no big deal. The north breakout levels I was watching on EU and GU have been breached and I'm now long EU again - hopefully this time I won't get shaken out. I've ...

No Rules Trading

I'm back after a relaxing weekend at the beach. My EU longs all got stopped out, leaving me with a small profit after it was all said and done. I did however give up some profit trying to position for a bigger move, but like I said, you have to go ...

No Rules Trading

I think if you can make it through a month with more than you started, you're doing well.

demo account experiement

It's naive to ignore spread costs and when you're trading a method that has a high number of entries, like trading short term with high leverage. What you seem to be saying is, "I don't care how much my broker makes as long as I make money". You ...

Is a great % of wins better than more pips ?

Now that is funny. Bravado are you British?

Cable Update (GBPUSD)

I feel you need to push home the advantage when you have it. As George Soros said, "It takes courage to be a pig". This time it just didn't seem work out as well. I still have a 1:10 long EU with stops perously close at 3285/70. And my 1:6 GU long ...

No Rules Trading

A pretty boring day so far - glad I wasn't here for it. My UJ long got stopped out making me very short usd. My total risk (if all my stops were hit at once) is 17.5%. I've got a 10% drawdown on open equity since the peak at 3400. My stops are quite ...

No Rules Trading