True true but like a poker game there are more losers than winners, and the winners having a very uneven distribution of wealth. I wouldn't call my mortgage gambling on my end, but for the bank's instead. They gave me a limit & APR based on factors ...

The XXX Alure Of The Trading Reality

Very reasonable. I just ment that like successful poker players, successful retail traders are the minority. To me, gambling is risking money on something with a known negative expectancy. Like trading without an edge or thinking there's a 50/50 ...

The XXX Alure Of The Trading Reality

Too many of us are gamblers.

The XXX Alure Of The Trading Reality

Dont be discouraged. Myself, like most on these forums, are far in the red and not successful (yet)

The XXX Alure Of The Trading Reality

that make sense?

why are the lines closer together

A pip is a pip. The lines look closer together on Gbp/Aud because its more volatile and Usd/Jpy is less volatile. Your chart is auto heightened to capture the recent highs & lows so its more apparent. Average True Range(14) on Gbp/Aud is about ...

why are the lines closer together

Chart screenshots — Thought I'd post a few charts every now & then to show what these trades look like. All screenshots are from daily charts. Since my broker is here in the US, I use separate accts for long & shorts. Eur/Usd (Short) image ...

Journey to Ascendancy

machine or maniquan — Ever seen a floor trader do the robot? *mannequin

Mechanical vs. Discretionary

my baby — Gateway P-6860FX Laptop upgraded to 2.5Ghz(T9300) processor. image I also have an ASUS Eee Netbook and a custom desktop which I copied my MT4 files on so they're all the same exact setup. I never use more than one at a time though. ...

What does your trading station/area look like?

I wouldn't say stay away from the Trading Systems forum alltogether, but there's a big problem in (new) traders mimicking other's style. The assumption that 2 totally different people can trade the same is impossible. Nice posts Redlion.

simple and clear advice for new traders, no cryptic teachings

I represent Queens, she was raised out in Brooklyn — some of ur guys' TA makes me smile image

EURUSD

Just finished it. Great book and an easy read.

Order Flow - Achieving the mindset

Cool post PrymeTyme. I kind of want to play Monopoly now since you gave me tips. lol I'm sure you also used the power of compounding with the more properties you purchased.. when you weren't legally robbing the poor.

A Discussion on Trading

ah the desire to complete your collection. Glad you came out on top and I'm sure there were others that did similar. I was just here pondering how to describe the correlation between cheating then(kids) and now(market trading).. all while trying not ...

A Discussion on Trading

weekend has started — How about something of value to you which was worth less to others?

A Discussion on Trading

I'll add my first here; Pogs were my first trading experience while growing up in California in the early 90's and the foundation of my endevors following them. What I wanted (higher percieved value): Ones that pleased me (could be shiny or have a ...

A Discussion on Trading

I hear ya there.. overleveraged gains seem to leave you wanting more. Did you have any adolescent experiences with trading materialistic items before your introduction to FX?

A Discussion on Trading

Great story frankkn I had a very similar upbringing and I believe the pricing magazine was Beckett. I had (still have) a large card binder in which I'd sort my cards in order of value, checking the prices very other day. Not very good to ...

A Discussion on Trading

friday bump — I just finished watching Mind Over Money by NOVA. anyone?

A Discussion on Trading

Yes. MY acct's still open positions Check out PipEasy's Equity Millipede thread on here for some good pointers on how to trade by keeping positions open yet minimizing risk and covering losses. That should cover some of your questions. Keep up ...

daytrading 24 pairs, all open positions are green