Hello friends. I am on vacation for the next month or so. I will be checking in on occasion but I think there are enough people in the thread to keep it moving forward. I hope so...at least until I am back daily.

Hello friends. I am on vacation for the next month or so. I will be checking in on occasion but I think there are enough people in the thread to keep it moving forward. I hope so...at least until I am back daily.

I do need to clarify one thing. Had I had the capital to withstand the drawdown based on margin requirements, I would have made triple the profits. I hope that makes sense.

Wow! Aussie is the man or maybe, woman! Greed is the number one killer of traders. I once ( years ago) took my trade on the ES, in which I made mega profits( by the way), and changed the risk from 1% to 3% and GUESS WHAT, I would have LOST MY ASS! ...

This post is for all of you that have this idea that you can pay a mentor to train you how to be a successful trader. Take a real deep breath. You do not need to pay anyone to teach you how to trade!! Systems and setups are NOT the answer!!! I am ...

Making money trading is simply a mindset. As long as you separate your emotions from the trades you make and just let them happen, I believe you cannot fail. At least a couple times a year, I lose several trades in a row. It never fails. The key is ...

Excellent question. I always look for these type of areas for initial stops and also as an area to take some off when a trade is going my way. And on occasion I will take the whole trade off.

I'm glad for you. Trading is all about getting an edge. I am always looking for entries that will give a nice reward when correct. On the other hand, when I am wrong, I want quick, small and painless.

Whenever you trade looking for a move like I do, you must manage risk. It seems I have looking to enter the same trades over and over. The key is to keep the risk at a minimum. This way you can take loss after loss without a big drawdown. Now when ...

I just took a quick glance at the daily charts. Nothing new to report.

I got short today on USDCAD on a pending order from the other day. Not the best trade but Risk Reward is good. The EURCAD may have been better. Also reentered AUDNZD after getting stopped out. You may notice that some over my losses were greater ...

For this thread, the majors and minors. No exotics. No Gold, no oil and no commodities or indexes. BUT, this method will work trading anything, even those I just mentioned.

I apologize for getting short with you.

very often I will move to a lower timefame for entries and for places to put my stop. The most important thing for you to grasp is that the actual idea to trade. The daily chart will give this.

You're killing me. Maybe a thread is order for you.

Not bad.

If you look at that Gold chart ( and I do not follow Gold), it should be good when it comes back.

I just put a pending order to short USDCAD. Let's see if some of you can get inside my brain and tell me why you think I put the order in.

In addition to the pending order on the AUDNZD, if I wasn't already in the EURUSD, I would look for an entry.

There is nothing wrong with the way you enter. If you can enter with a very small of PIPS to you stop loss, you will get huge size on your risk. You will, however, lose much more often.