gabroo_munda, IMHO the the following two posts by dialist gave me the clearest, most easily understood way to implement good MM. All you have to do is decide how much risk you can tolerate per trade (1%, 2%, of your account), then figure your SL and ...

Money Management

I'm not sure either Electric, Perhaps 777 can clarify? Jimmy

Test for newbies

Question: After all that, should I trade forex, or not? Yes or No. Jimmy

Forex as a system... Who benefits? What internal rules exist in FX?

Merlin, Why did you delete your reply??

Test for newbies

I am a newbie to trading, but it sounds to me like you have discovered "your" system that works. Or at least your first one. What works for you is what counts! Well, demo your feelings for a while and see how it goesl Good Luck! P.S. You might want ...

Is having a defined trading system so important??

Thanks for that Electric. I never really thought about it that way, but I think you are right. When I go live I will probably start with a mini acount starting with $1500 to $2000. If I can successfully turn that into a $4000 account, it would seem ...

Withdrawal advice

777, I think that my answer would depend on my account size. If I had only $4,000 in my account then I would have to choose the 100% option both times so I would know that I would break even. Any other choice could wipe out my account. If on the ...

Test for newbies

I say lets "PARTY" like tonights 1999 Jimmy

Swing Trading

ES, Apology before your reply. I read in another post, can't remember what thread but, someone said, "ES, I just don't get you sometimes", or somthing to that effect. Well I don't always either, but... I do think that you are just trying to make ...

Swing Trading

ES, No offense here but, Don't you think asking the same question twice is a little condescending? I do. Also, Are you the author of this thread? I agree, our new friend's english skills are limited, or he is a sham (of course I don't know that, or ...

Swing Trading

Isotonic, The top of the last chart you posted says "EURUSDm,H1". Just curious as to what the "m" means. I have an InterbankFX demo and it is not on my charts. Thanks in advance, Jimmy

some trades...

Could have fooled me. Actually, I think you expressed your thoughts very nicely. Good post. Jimmy

Swing Trading

Jim, Why not throw up a chart for the heck of it. It is, after all, your chart thread Jimmy

james16 Chart Thread

bluemeasure, Do you apply your EMA, to high, low, open, close, or median(hl/2)? Or does it really matter as long as all three are the same? Thanks in advance, Jimmy

KISS MA systems that work on longer time frames

here's a picture of mine right now, not a lot going on, but seems ok to me Jimmy

InterbankFX down?

Ken, This my opinion too. Also, by inference of reading a lot of posts here on money management, I think that the prevailing wisdom is that there is a certain, if not set in stone, stop that should be placed when entering a trade baesd on the TA, ...

Stop loss to B/E: when?

Hey linuxtroll, would you teach me linux? I have cable, so I can download a free version. I have downloaded Mandrake in the past, but could not make everything work. Sound, internet connection, etc. My hardware may not be compatible, but that's ...

Best operating system for 4X trading?

Thats the one — Iso, thanks. I admit it wasn't the best pin bar, the eyes were definately a little far apart and it was in the middle of the trend lines, but the fact that it touched the ema and the fib, plus if I was right, price would move ...

More Newbie Trades

At 25 pips closed half of my position and brought stop to break even. Jimmy

More Newbie Trades

short euro — Short eurusd at 1.1975. Playing 4hr pin bar that touched the 89 ema and 62 fib. It could have been closer to the trendline, but seems pretty good. See what happens Jimmy

More Newbie Trades