Mine also... — The liquidity of the e/u makes it my favorite. It often obeys pivots like a magnet. It's also the best for obeying psych levels. OFF TOPIC: I've been reading your thread more closely. Love your system.

Trading for a Living - Cliff Notes

Funny... — Some of the first people to read this post and comment on it are professional traders. Those that never stop learning never stop earning. m

Trading for a Living - Cliff Notes

Confluence — Lesson 7: Confluence When two or more things align to create a stronger signal. Take the attached chart of the usdjpy. Take note of 4 red arrows pointing downward at the start of last Fridays trading session. (A mechanical system ...

Trading for a Living - Cliff Notes

Hello Sir... — Most banks traders have a 15 minute chart up for each pair they trade. We should also. Even if you aren't a pivot trader every one of us should have the dailies up a 15 minute chart. Mike

Trading for a Living - Cliff Notes

Thanks for you kind words... — I honestly believe that you are still around because you have a desire to help others learn this very difficult craft. There are others here also... we often use sarcasm and levity to communicate but remain ...

Trading for a Living - Cliff Notes

It's the banks... — Lesson 6: Trade when the banks do. The banks move this market. They have certain prime hours they trade… learn them and trade only during those hours and your hit rate will be much higher. We are retail traders… gnats on an ...

Trading for a Living - Cliff Notes

Realistic Profit Goals — Lesson 5: Realistic Profit Goals Realistic will depend on many variables. Beat the market for 6 consecutive months and you are on your way. After you beat the market for six months move your goals up. I like 5-10% as a ...

Trading for a Living - Cliff Notes

Target Practice — Lesson 4: Targets are a must After you’ve demo tested a mechanical system you feel comfortable trading it you’ll know where your stops should go. Intraday traders rarely use stops above 75 PIPS and often have a system for ...

Trading for a Living - Cliff Notes

Never Trust an Analysts — Lesson 3: Analysts Analyze – Traders Trade. If you can beat the market you are in the minority. The mythical figure is 95% fail… which is horseshit but that’s another thread. I read a lot of FX related info… I love ...

Trading for a Living - Cliff Notes

A Mechanical Approach — Lesson 2: Mechanical System Emotion is the downfall of many traders. Take the majority of discretion away utlizing a mechanical trading approach. A winning system that is forward tested by YOU and produces a winning ...

Trading for a Living - Cliff Notes

Ahhh... What he said... — Bingo... Here's it comes... it's why the majority of you won't be around a year from now. Most of you are gamblers... very few mechanical traders. It's ok... it's still a lot of fun read.

EURUSD

Yep... — I'm expecting it to rally to right around .3910. m

EURUSD

Some Thoughts... — Equities are extended. Talk of a 'super currency' by the Chinese is helping to inflate this pair. Which is really a fuking joke. It's really more of a shot at our current kill the dollar policy. Any pair will move to the ...

EURUSD

Ahhh... — I'm not exactly sure. Let me ask around and I'll get back to you. Don't let me forget. m

EURUSD

Very well thanks... — I wish... just off the radar. Enjoy the movie... I saw Hangover yesterday. Funny as hell... if you like that style of humor. m

EURUSD

To be more accurate the biggest bullies in this space are banks... there are very few hedge funds that can complete with the kind of capital the banks are using. A bank trader a tier 1 bank can blow up any hedge fund position out there. m

EURUSD

Uhhh... yeah. — Several friends that run hedge funds and know some NY desk turds. They are too busy right now... they have to get their lunch order in. m

EURUSD

The NY Desks — Well... everyone is wondering... recovery or over extended bounce? When the big guys are at a loss for witty remarks and sarcastic banter... it can only mean one thing... they're losing coin. The COT data says the dollar bulls ...

EURUSD

U also my friend... — How's life? m

EURUSD