I happen to agree with you. saying otherwise would be like saying a person with more money is and always will be better than you. Hypothetical: I trade one mini-lot a trade, my account is $100. I do 8,000 pips a year. Someone else makes 2 trades a ...

:: Pips are not what counts ::

YOU are flexible. A 10 pip target isn't more flexible than another target, 10 is always 10. You can take the square root of 100, you can double 5, it'll always come to 10. I think guideline is what we're looking for. Having a 10 pip goal is not the ...

Strategy:10, by Rob Booker

Before I read Mr. Bookers works, I had similiar ideas to what he is saying. I think he explains it very well. The anti-10pip people are not realizing 2 simple things. One is flexibility. Say 10 pips for a goal, and automatically they will give the ...

Strategy:10, by Rob Booker

March 28th I think it was. I'm just glad I had second thoughts and decided not to do another entry when I exited on a retrace that I didn't like! You're right though. This is a good discussion to have. A lot of these currencies have had unreal ...

NZD - A disaster waiting to happen

I myself wonder. I've been trading pretty naked lately, but maybe 10% I'd guess looks pretty good. But in a lot of the threads people look like they leave and move on after one loss. Or they complain they're getting losses, when they're executing ...

How many of Technical Analysis based systems are junk?

Yesterday or the day before OZ was getting upset that the currency was getting to high up. Late last year when NZD was at a more "reasonable" price, their guys was complainging about hedgefunds and carrytrades and said the price should be in the ...

NZD - A disaster waiting to happen

It was knee-jerk reactions to G7 premeeting "speeches". I just wish I had a live audio feed.

US sentiment BAD! so dollar strengthens by 50 pips?

I like apprentice too, and the best season was the grads versus non-grads. Showed why the non-grads got kicked off. I like to believe it's all about aptitude, and ability to read alot so that you can learn alot on your own. Studying the ...

Graduates vs non-grads in trading

Really? Oops. I thought I read they may have been, but didn't look at any today. I'm wondering if I should risk a gap for Sunday/Monday open. If this retraces somemore and enter again. The reaction seems too nonexistant this morning.

Good Friday NFP

Being America, I haven't worked in an office yet that wasn't closed, even though banks are! *grumbles* I hate the companies I always get stuck working with.

Good Friday NFP

FWIW I had a short open from the NFP. I'm not getting any action on it today, probably done for the day. I'm wondering if I should open a few more (mini)lots. Few meaning one more. And see if we go down Sunday. Can't imagine a gap USD negative after ...

EURUSD

Interesting idea. I was trying to play the Sunday gap as if I was playing a stock with pre-market news. Gap happens, gap fills, comes back and breakouts out. Sounds very similiar, except for just going by 20 pips, and I don't get 200 pips. I haven't ...

That steady stream of pips....

Nice charts "Someone". I never have luck with the trendlines, but they seem to hold very very well on the USD/CAD longer term charts from what I have drawn. I've been playing around with support and resistance lines. Trying to work on breakouts ...

Trading off suport and resistance with Price Action, Is it really possible???

Time of day too. I'm starting to trade Tokyo's hours more and more. But somedays are just very slow and tight. So it takes a half hour for 5 pips. I'd love to answer with a solid number, but I'm still tweaking and figuring that out myself.

How many pips do you get?

My entry was voided at the FOMC announcment, it spiked through it. I've been watching this so much I feel inept of not doing any trades. After the FOMC, I'd guess I could enter here at .8085 and sell at 81 even just for the thrill. But that's all ...

Aussie Pairs

Interesting, since the last few weeks I've been buying/selling a breakout of a box with pretty okey results. I only have one loss. But then, I'm extremely discretionary. I don't trade everysingle time that happens. Only when it looks good and I feel ...

Trading off suport and resistance with Price Action, Is it really possible???

I want to short AND long this pair! I really want to short it, but right now it looks like I may get a small long out of it. But nothing that I'm going to hold for days.

Aussie Pairs

First off, who actually works 9-5?? Where I come from, even the salaried people are forced to work 9-6 or 8-5. No one gets a free lunch. I'm still looking for the mythical 9-5 job. But that's another subject. Even though I don't see the people who ...

Ultimate Successful Trading Technique

Do you enter AT support, or do you wait for some type of reversal confirmation? I've been thinking and wondering when you play off a bounce, versus a fake breakout. I guess you just take your chances, you have to be right if you play most of them. ...

Swing Traders Thread

I like reading all the commentaries, from this site to others. Sometimes they help, sometimes I just like reading what's going on in the big picture. I'm always looking for more. cheers mate

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