Thank you Mr. Jay. I will be back after removing my ceiling fan ......... or probably the ceiling altogether.

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Mr. Jay, Are there any instructions regarding Hat? We are just few minutes away from low spread session.

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You have a very valid objection. I too was puzzled. But this is how I take it. Many traders are risk averse. If a profitable trade temporarily goes few pips against them, they try to avoid any possible major loss. The way to hedge it is to bank ...

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Probably Shakesfx's method? BE to few pips close 1/2 position.

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I would say "most probably a winner". I realized importance of what you mentioned above in a long long time, though it was a very early lesson. Money mangement and who you are come first.

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You may like to define "losing position". To me, a trade in red may or may not be a losing position.

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Hi everyone, Trade tension free. Forget about past, focus on future. Start from where you are now, but more wisely this time. Sitback, relax and nurse semi.

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Thanks 5abi. I do completely agree with you, it is the right way. But it does not go with my mentality. I tried it several times, but somehow cannot stick to it. Therefore decided to accept lower returns than to everytime fight with myself.

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My sl for aussie is .86xx. Yes, for Euro is 1.48xx (with a provision to move it to 1.5xx). These will get narrower by itself without moving sls if market moves against me. Any shorts added on its way to these sls will yield better rr. I hope you got ...

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5abi, I was worried about your drawdown of last week. But glad to see you are still in the game and working on charts. I had a profitable week, of course with the help good advices from our FF friends. Had to sit very very tight to see my losses ...

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5abi, my friend - How are you doing?

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To me, two factors affect a major market move. 1) economic factors 2) trade orders. First it is economic factors that bring volatility to the market. Then comes the technical factors like support and resistance levels, breakouts, retraces, fibs, ...

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imho, Worth taking a chance. If doesn't work - plenty of pips on upside.

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Thanks Jay. I was also searching the net and forums to get a clue. It seems this has now become a key factor. Thanks again Jay.

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I was doing my weekly analysis. You may help me on one thing that is bothering me for last several months. I beleive you were in the market at that time. That relates to August 2008. On 7 and 8 August (on daily), market never rebounded. Was it ...

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Yes, Mr. Jaywalker. How can I help you? What do you want to know? Looking for any prediction? About market? About fx? About Euro/Usd? Or just looking for some fun?

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You are right. I got your point. However, I trade slightly different. I learned this from Reminiscences of A Stock Operator. "Looking at the market as a whole". When I go for medium term (I am not a long term trader) trade, I also consider shorter ...

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NO, Next two are more important than the first one. Let me explain. If I see an opportunity, it is at a given point of time. If I rely on the opportunity and enter, situation may change soon after that. I am stuck. So what I do? I build my positions ...

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5abi, many times you probably have read me saying "I am a gambler not a trader". Why I say this is because we take trading as game of probabilities. Therefore, in this game of probabilities, one has to focus on three things 1) Right opportunity, 2) ...

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Wonderful. I almost forgot one trade that I took last night from another account on spoting a good rr. I am up too, But not 2%.

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