It would probably help considerably if you quoted the pairs in the correct order. GBP/USD: when pair is going up, GBP is strengthening at the expense of the dollar USD/JPY: when pair is going up, USD is strengthening at the expense of the yen. So to ...

cross currency

Let your profit run: don't close your trade before your system says you should. Keep losses short: don't move your stop to stay in the trade when its moving against you. Place it where your system says you should and move it how your system ...

confused~

Lucky Charms Damnit! Lucky Charms! image They're Always After me Lucky Charms!

Journey to me pot of GOLD

I fully realize that my opinion doesn't matter regarding this particular subject, but I'm bored so I'll weigh in. Math has its place in trading. A working knowledge of algebra and statistics/probability are required for proper application of money ...

How important is a knowledge of maths?

Crap, I thought I was going to find some pink hearts, yellow moons, orange stars, and green clovers hiding in this thread. Your quest sounds magically delicious. Good luck in pursuing it.

Journey to me pot of GOLD

I'm not going to knock them for their product. It is great for the clientele that they service, offering many features and advantages that aren't available anywhere else. My problem is that the rules of my system don't fit the limitations trading on ...

Challenge - Oanda contest

Bah, this demo account is more annoyance then anything resembling fun. Let’s see; so far I have had 2 trade entries and 1 take profit fail to execute on the demo that did so on Currenex. I also had 1 stop loss execute on the demo that slipped by on ...

Challenge - Oanda contest

I mean this in the nicest possible way, but your anxious because you know you have no idea what you’re doing. More than likely you are not utilizing the same skillset that you use for trading stocks and as a result lack the confidence in your ...

Trader Psychology

Even a great system is going to suffer strings of losses. One that generates a 2:1 r/r is going to generate many strings of losses. After 10 consecutive 2% losses, your down 18.29%%, but you need 22.38% just to get back to breakeven. So you would ...

Random entry proves strength of money management.

I noticed that %R recalculated after every trade was killing me due to the asymetrical leverage factor. I now trade a fixed $ per pip value until my account doubles, then I double my position size until it happens again. Combined with a 2% of ...

Random entry proves strength of money management.

You could try: I'm a money changer. You know, one of those guys Jesus got mad at and flipped the table over.

What are we called?

Ha, I just put down "Unemployed". Actually I use that alot in conversation as well...

What are we called?

I gave up trying to talk to avergage Joe about what I do. They never seem to get it anyway. I guess thats why I spend so much time at FF... I suppose you could call some of us bank robbers.

What are we called?

At 26,000 members and probably just as many guests, if each person here only commanded $100 our total buying power would be around $520mio. That certainly is enough to move the market and potentially destroy a legitimate inefficiency. And many ...

Sharing hurt your method?

OK, you win. Let us know how that works out for you.

What do you think the best Stop Loss is for daily trading? I say...

(Shrug) I don't know maybe it's been improved over at Mb's. When I was looking at them several months ago, the spread was 5-8 on the initial spike. That and their commissions are ridiculous.

The Best News Trading Broker

LOL! Thats a sweet definition of what I do; Remora Analysis. The vision of myself as a suckerfish figuring out how to get free food from sharks is amusing to say the least. I won't disagree with your assessment. Very few people can do what I do, but ...

Bracketing Systems

This is about the worst advice a trader can ever hear. I can give you thousands of scenarios were taking your profits will put you in the poorhouse in short order. You would do well to forget that string of words ever existed.

What do you think the best Stop Loss is for daily trading? I say...

Depends on your method I suppose. A real honest to goodness trader’s edge should provide you with a way of looking at capital markets to discover inefficiencies. Sharing the edge you actually have is gold, but seldom is anyone interested in trying ...

Sharing hurt your method?

Nope, I get what your saying. Placing the restriction on true leverage forces them into higher timeframes and or wider stops. Which I agree is probably a good thing for new traders. Though I still would stand by my opinion that true leverage isn't ...

Anyone using high leverage successfully?