MT, I mean this in the nicest way possible but I learned many years ago not to discuss my positions. You will start doing stupid things to make yourself appear to be correct in front of your peers.

Eur/Yen Drop to 149.15

The EURJPY just went up 50 pips. I heard that the Minister of Finance slipped in the shower.

Eur/Yen Drop to 149.15

90% of all currency trades in the world involve the USD. That's a lot of people to get together to support your theory. The American consumer doesn't give a crap about the dollar policy as long as we can pull out home equity and buy stuff (or gamble ...

Dollar Support Politically driven????

So who is the mysterious person(s) that can afford to support this policy? We have a strong dollar policy? Against what? The Peso? Wouldn't a strong dollar hurt the trade balance by encouraging additional imports? Who does it help? Republicans or ...

Dollar Support Politically driven????

Hello MT. We will never know if you are right or not. There are market forces that move currencies whether we are aware of them or not. The better question would be did your system offer you an opportunity to participate in the move. The sooner you ...

Eur/Yen Drop to 149.15

Well aparsai, I think you now have a good idea of how many people take MM serious. I assume that you still have a free hand and both feet.

Money Mangement, Do you take it serious?

Lou, I read Fooled by Randomness and found it to be an excellent book. It applies to trading as well as life. I am constantly amazed by traders who got lucky and falsely believe they are good. Eventually probabilities catch up with them. I ...

Money Management books?

If your targets and stops are not routinely hit then you should adjust them and your expectations (not to mention discipline)until they are. You can live well off of a 59% accuracy. Money management doesn't have to be complicated but it does have to ...

Money Mangement, Do you take it serious?

I think a R:R of 6 is fantastic but most people that I meet simply make their target 6 times bigger than their loss and if you do that you're fooling yourself. I think risk and reward are absolutely critical but I often question how someone knows ...

Money Mangement, Do you take it serious?

nitman, I respect the fact that you can't do simple math but let me point out one more thing for consideration: For every system or portfolio of systems there exists an "optimal" amount to risk on your positions. If you risk too little, you will ...

Money Mangement, Do you take it serious?

nitman, Here's a math problem for you: Let's say your account is $10,000 USD and you want to risk 1%. (hint: 10000 x .01 = 100). Now, for the hard part. Let's assume that the EURUSD is $1 per pip and you decide to risk 40 pips (another hint: 100 / ...

Money Mangement, Do you take it serious?

Bemac, Thanks for posting that. I hope others will as well. Phil

Money Mangement, Do you take it serious?

Ralph Vince (a very famous money manager) did an experiemnt with 40 Ph.D.s. He ruled out doctorates with a background in statistics or trading. All others were qualified. The 40 doctorates were given a computer game to trade. They started with ...

Money Mangement, Do you take it serious?

Give the experiment a try and tell us how you make out.

Money Mangement, Do you take it serious?

Sounds like someone needs to play the money management game. Give this a try. It would be interesting to see a few people post their results. This is an excel file but had to be uploaded as a .zip file since .xls is not accepted. I would be ...

Money Mangement, Do you take it serious?

I'm disappointed to hear that, but the current release works just fine on fx when set to the futures setting.

Money Management software

Brilliant prediction. The cross literally moves up 1000 pips this summer and you predict it can move another 30.

Daily EUR/JPY analysis

LOL, no, the CFTC can not renew itself. That is an internal committee. The CFTC is a "sunshine agency" and must be renewed by congress once every five years. The last renewal was in 2000 so it is already a year overdue. The bill is before congress ...

How to make Forex better - and maybe save it from the regulators

You are correct. I discussed this with the author of the software and he told me to use the futures setting. It works just fine. I think there is a version 3 coming out in the near future and it might be more forex friendly. You should call Mike, he ...

Money Management software

I never really looked at another program at much as I did MSA. You can get a 30 day demo of the software. The author also writes a series of free money management newsletters which are excellent. Google his name and you will find them.

Money Management software