No, my RULE NUMBER ONE of TRADING is - DON'T DO STUPID.. STUFF!

Intraday Trading - Live!

short GBP/JPY 542, SL 585 TP 459 edit: Stopped out. DAMN.. RULE number >something small< - WATCH FOR THE NEWS !! My senile ass just forgot about that completely. Fortunetaly, you loose some you win some.. GBP/USD was late to respond to the news, so ...

Intraday Trading - Live!

I'm out, -1.3% on blown CAD/JPY SL but now +2.55% on both trades, nice

Intraday Trading - Live!

You mean GBP/JPY.. CAD/JPY SL got blown, now went short again. CAD/CHF still holding.. Let's see the USD news..

Intraday Trading - Live!

Indeed, psychology and method of handling profit and loss during the trade is at least as important as knowing where and when to enter it.

How long till the law of large numbers is in play?

Actually it's not many traders, it's just very few and over relatively short time periods with few trades - so they may've just been lucky. You have to be REALLY GOOD or REALLY CRAZY to trade like many of these winners are. Plus you'll see that ...

Have you ever turned $250 into an account > $1000

Hmm.. Actually, if you earn a net 1% per day and do that for 20 working days per month, then you're up to 122%. In a year - 10.89 times your deposit. In 3.5 years - 4,265 times your deposit, or for 250$ that's 1.066 M$. Now you just have to make 1% ...

Have you ever turned $250 into an account > $1000

This is all good and fine IF you actually let your trades play out till the end. The simple fact of it thatr I realized is that if you take profits on trailing stops or manually close trades before the target TP many times but you don't move your SL ...

How long till the law of large numbers is in play?

That's actualy a good thing It means I could set my TSs ahead of time instead of waiting for them to reach 1/3TP or 1/2TP as I do and then set them manually. MT4 is an FXCM platform ?

Trailing Stop Question?? Need help!!

There are two of you there... A trailing stop will put an SL - Stop Limit at the amount of pips you want behind the CUREENT price. If you're at 1.5 and you use a TS of 100 pips your SL is at 1.51 and if you went short above 1.51 than you've ...

Trailing Stop Question?? Need help!!

Short on CAD/JPY and CAD/CHF ..

Intraday Trading - Live!

This is interesting, these guys seem to think it'll go back to 1.25 and below in a few months, fascinating... url

EURUSD

Trend wanted! Finder gets flowers and chocolates

EURUSD

516 looks like the major one, if it crosses that...

EURUSD

Technicals again recent Fundumentals.. it's like the wild wild west here

EURUSD

Everyone got ready to soar with the bad news and then they came out good and the whole thing reversed... I'm hedging like hell here.. Still it started like a bad day with -3.5% and now went back up to like +2%.. Now just gotta reduce the hedge ...

EURUSD

U/Y and USD/CHF look like their at the top of their descending channels, let's see if they break them...

USD/JPY Discussion

Hmm.. Looks like a triangle here, ascending lower line with about 3 touches including the last low and target at 2. Considering G/Y and G/C should probably take a brake from that huge fall, maybe time to go up above 1.99 again ?

Cable Update (GBPUSD)

Aaah... this is just a bad day to trade anything... :S

EURUSD

Not to mention USD/CHF... CHF looks like the strongest currency on the planet recently I'm short on U/C

EURUSD