LOL — Until it hits .3730.

EURUSD

I'm down too little bear... — 1.6 pips. Took several shorts then closed because I don't trust the area we are in. Either way... bias is one of the enemies. I'm a dollar bull and last week it cost me 10K. It's very difficult to remain neutral ...

EURUSD

It's OK bear... — You are in good company. Check out all the 'anal-ysts' on the Factory that have been calling for the bull on this pair. m

EURUSD

If we hold here... — I'll be selling at .4085. Trend line. 38.2 fib on last move down. Close to .4100 psych. Should be overbought on the 15 if it happens. If not... see you at .3800. Mike

EURUSD

Hello and Welcome... — There are lots of Pivots and Cobra and EV have shared theirs. I use this one. url It's based on the 5pm NY close. It's very accurate and I use it to scalp. I would recommend you try them all... then after a month ...

Trading for a Living - Cliff Notes

Hmmmm... — I hear this one often. I don't know what long term is but for the last 4 years I've made more money scalping than I have 'long' term trading.

Scalping Verdict

Thanks... — We are insignificant in this game.

Trading for a Living - Cliff Notes

Yep... — I hear ya... many of my investments are dollar loss averaged. None of my discussion applies to long term. In this arena - my long term is 2 sessions and never more than 48 hours. Long term investments have different rules. Mike

Trading for a Living - Cliff Notes

Thanks... — Appreciate the kind words. m

Trading for a Living - Cliff Notes

Soap Boxes are welcome here... — Sometimes it takes this for others to 'get it' Thanks EV. Many Americans are on board with the pension thing... many of us have a 401K and mine dropped over 35% recently. m

Trading for a Living - Cliff Notes

In theory... — Again... I'm sure some other traders will chime in but as long as you stick to the 2% and under rule and have the skills to double your account then you are on the right track. I really like the six month rule. If you can beat ...

Trading for a Living - Cliff Notes

Appreciate it... — Thank you sir. m

Trading for a Living - Cliff Notes

I could be confused... — Everything I've spoken about was for the sake of example. I certainly could not live off of a 10k account. I manage several small hedge funds. Does that answer your question? One of these funds has my capital in it... ...

Trading for a Living - Cliff Notes

Hmmm — Not exactly sure what you are saying. If you are saying you are risking 10% on each trade and just picking great entries then I have some bad news. Simple probability theory says you won't trading for very long. The odds of consistently ...

Trading for a Living - Cliff Notes

Thanks... — I will. I do love some stupidity every now and then. m

Trading for a Living - Cliff Notes

Thanks... — Thanks again for this. Mike

Trading for a Living - Cliff Notes

Hey... — Do you have a background in English? We might have to change your name to Shakespeare. m

Trading for a Living - Cliff Notes

Occam — Lesson 10: Your System Should Know Occam Simply stated – when you have two competing theories – the simpler one is almost always the most effective. Can you explain your system to a third grader? If not… probably not the most ...

Trading for a Living - Cliff Notes

Then you must win a lot... — It's a very good system and the one I use as the primary tool. m

Trading for a Living - Cliff Notes

Yes... — Again... thanks to cobra for his efforts and more importantly his friendship. This site is awesome and there's a laundry list of traders to thank. m

Trading for a Living - Cliff Notes