Okay, just for the noobs.

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1.2216? Wow that's kind of far away. Just my opinion but I think you will really have to wait a long time for that. Somewhere from a couple of weeks up to a couple of years, or it will never happen. No one knows if the stock market has bottomed out ...

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Went short 20 minutes ago, now 1 pip in profit. GREAT !!!

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I can only think it is worse now.

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I wonder if there are hard figures about how many people fail, bearly make it or be successful in fx. I have no clue were to find them.

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Finally done with the set-up of my new home office / trading room.

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Actually there is no loss to recover. I lose trades every week but the last loss on a weekly basis I had the week ending October 24 2008, when the GBP/YEN collapsed. But that was a big one. Shamu

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Good morning Ready for trading

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Sorry, I could have told you. Time for me to go get some sleep, its 3:20 here in southern California. See you all guys tomorrow! Shamu

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lol, did you really think you had a chance?

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Fx and Shamu... Your broker wouldn't happen to be Oanda? __________________ Yes my broker is Oanda but I really don't think it has anything to do with that. I think it is a psychological thing that has to do with the fact that in a short trade there ...

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Its very old dated so I don't think it will effect the price of EU tomorrow or in the next year.

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Just wondering what this has to do with trading EU in the next week

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Just wondering if other people have the same experience. When I analyze in the weekend what I have done in the past week, I see the following: I trade shorts and longs in different sub-accounts. The account that I use for longs always makes more ...

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Daily looking bullish

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Did you learn this hole thread by heart? All 5038 pages?

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So possible gap to the upside. Who knows Heading for 1.33? Just glad that I closed out everything yesterday.

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Another way of smart trading could be this: Open trade with s/l 50 and t/p 150. Do this every day when London starts. If you lose 7 times out of 10, you still come out as a winner. I've tried in on a demo and lost 6 times (300 pips), won 4 times ...

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I don't know why it is so generally accepted that 2% maximum loss is good money management. My mm will never let me lose more than 1%, if that. Most of the times is it less. Why not trade a lot size so that 50 pips s/l is 1% of account value? If you ...

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Oh by the way, Everyone has s/l always in place. Its called MARGIN CALL

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