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- acumen replied Jul 17, 2009
Sorry... — I don't understand. Could you re-phrase the question? m
Trading for a Living - Cliff Notes
- acumen replied Jul 17, 2009
Sure... — Sure... win most of the time and lose small. Knocking on wood... hard... I've never had a losing month. I've never had a 40% month either. Small profits day in and day out. This year... my worst month has been 8%. m
Trading for a Living - Cliff Notes
- acumen replied Jul 17, 2009
Hey Jenna... — This takes a lot of practice an patience. I use pivots and psych levels because of the bounce factor. For example... when the market is trending down and price moves back to the pivot it will bounce off of that level 8 -10 PIPS ...
Trading for a Living - Cliff Notes
- acumen replied Jul 17, 2009
Yes. — 10 lots open and when the trade goes against me near the 1% mark I'm out. Yes... correct... your hit rate has to be high. m
Trading for a Living - Cliff Notes
- acumen replied Jul 17, 2009
Small trade size — The smaller the trade size the less risk/trade. It allowed him to open lot's of positions and close them when he thought the move would stall or reverse. If it went against him there was no stress because of the sheer size ...
Trading for a Living - Cliff Notes
- acumen replied Jul 17, 2009
So... — Apparently no one wanted to take their longs into the weekend. I wouldn't either. Back to .4100. Oh well. m
EURUSD
- acumen replied Jul 17, 2009
Sure — Yep... it's pretty accurate. Download the indicator and watch it for a week or two... you'll be amazed. m
EURUSD
- acumen replied Jul 17, 2009
Pivots Video — Let's see if this works. Today's action... in video.
url EURUSD
- acumen replied Jul 17, 2009
yep — It could get ugly. Never thought it would happen... the US saving more... strange times I tell ya.
EURUSD
- acumen replied Jul 17, 2009
LOL — i hear ya... not a fan of Rodgers but his currency crisis mantra may have some validity. m
EURUSD
- acumen replied Jul 17, 2009
Learned this from successful trader... — A close friend of mine runs a very large hedge fund and he said one day... watch my trade for a day and see if anyone jumps out. So I did... He trades stocks only and I noticed his trades were absurdly ...
Trading for a Living - Cliff Notes
- acumen replied Jul 17, 2009
Very effective... — Download my pivot point indicator and watch how price reacts near them for 2 weeks. You will be amazed. Pivots work even better on the majors and particularly the eurusd because of the liquidity. m
Trading for a Living - Cliff Notes
- acumen replied Jul 16, 2009
Mental Stops — The key is the size of the position. Ten open scalps is around 1% and rarely if ever do I have that many open. When I get near 1% loss I scale out or take the loss. I've had two losing days this month. (-3 PIPS, -32) No home ...
Trading for a Living - Cliff Notes
- acumen replied Jul 16, 2009
Yep — That's who I use and often they are spot on.
Trading for a Living - Cliff Notes
- acumen replied Jul 16, 2009
This is chess game we got going... — I suck at chess. So... .4200 has a big barrier that will be protected. The question is - how big? If I knew it was Deutsche I would have sold 70% of my account at .4150 today and headed to the car ...
EURUSD