Well, the experience should be this: don't allow yourself to lose 10% of your trading stake on one news release. It isn't worth it, trust me. The first part of your systems development should start with a basic understanding of money management.

Developing a system - LIVE experiment ;)

Well done. It might be a good trade, I really don't know, but the reason for taking the trade was completely wrong. There are many leasons to learn, hell I don't know the half of them, but some can be learned without losing a great deal of money.

Home Sales and FOMC Interest Rate statement

Did you place a stop on this trade? Or any of the six others for that matter.

Developing a system - LIVE experiment ;)

I know this should be in your journal and all, so forgive me, but lesson number three for you I am predicting is "thou shall not try for revenge from the market".

Home Sales and FOMC Interest Rate statement

Amen Burger.

Home Sales and FOMC Interest Rate statement

I wouldn't assume too much of trading identities on the internet. For all you know these "great" traders you read about everyday could be struggling after many years of trading to even be profitable. I'm not naming any names or anything like that, ...

Traders Needed for New Book!

I nominate Merlin.

Traders Needed for New Book!

If you're a good enough trader, you only need one pair, two at the max, to make a very good income. More is not always better in this market; this is just one example.

How many currencies are there to trade

You must be a billionaire then. And I thought 25% a day was impossible; silly me.

5/13/62

As someone I know might say, your finger is going to be stinky. :

Developing a system - LIVE experiment ;)

Horrible advice in my opinion. Why would anyone in their right mind go into live trading thinking they will lose it all? If you do, you're foolish and should save both your time and money.

How many years to become profitable?

No that leads to abortions, not families.

Multiple computer monitors for trading

Nice job! I'm currently up 75 pips for the day and am enjoying "riding the wave".

Breakout Strategy - The Pro's Way

No offese here Thom, but they also charge for their knowledge. It isn't quite the same as sharing openly.

Breakout Strategy - The Pro's Way

Make sure to keep us up to date with your progress with that chief.

Developing a system - LIVE experiment ;)

To be honest, I'm confused. Are you developing a system or trading a system? Or are you just winging it and doing both at the same time?

Developing a system - LIVE experiment ;)

LOL, that is classic right there. Very good point as well.

Adding to Mouteki without Understanding why

More than half of them are just "thanks for the information" posts. I woke up this morning and looked at the new posts, and his name was last poster on 20 threads straight.

Elections in Usa

Not to be rude, but you should probably ask him in the threads designated for his strategies. This thread is about breakout strategies.

Breakout Strategy - The Pro's Way

I don't take offense to anything. All I'm saying is at 20 pip profit and 30 pips stop, you need to win more trades than you lose. If you take profit at 20 pips and lose at 30, it doesn't take a graphical calculator to see you need to win more trades ...

Breakout Strategy - The Pro's Way