Interesting thread. I hope you continue it long term.

I'll be shorting it Monday due to the dollar index COT report, US is coming off extremes.

"Fooled By Randomness" by Nassim Nicholas Taleb would be a good book for you to read if you want to go more in depth into this topic. It's a great book, one of my favorites.

Wait until actual forex options (with an underlying) are introduced to begin trading them, then they will be regulated.

If you have a solid system with certain entry and exit rules you need to take every signal. You never know which trades will be profitable and which will be unprofitable. You could easily miss the "big winner" or the "big loser", leaving it up to ...

You didn't state this exact scenario, but the concept is the same.

Let me see if I understand this correctly... You are saying we should (if we have $1000 to spend on an account) only "wire" $100 at a time? So instead of incurring 1 bank wire fee, we could incur up to 10 bank wire fees? This would mean that you are ...

Very nice journal faure! I have enjoyed your other posts in the forum and look forward to the future of this journal.

Not all breakout systems are losing methods. I know several people who make a living trading breakouts.

TA = Technical Analysis

You can do the above by reading the following thread... url

I know this wasn't asked to me but I have an answer. You can theoretically trade the turtle system without diversification however in doing so you decrease your chances of catching a trend. You could also be waiting years for the trend to develop. ...

People make a lot of money trading breakout systems. Breakouts more often than not lead to trends, and trends offer enourmous rewards for very little risk. The only people who make it difficult are the ones who think it has to be difficult.

You have to understand there is a lot of misinformation about the turtle methodology being passed around as e-books and pay service websites. If you go to the Elite Trader forum (but then come right back to FF ) there is a few of the original ...

When I was demo'ing the platform I noticed that when I would enter a trade during the asian session (slower market time) it would take around 5-10 seconds to place the order or it would not be filled at all. This didn't happen on every trade but it ...

I had this problem as well. I do not day trade or take fast moving positions so it doesn't really apply to me or my method but the execution was terrible. The "tight spreads" are pointless if you can't enter on them.

Very true, and this has a lot to do with why I am at the point that I am. People have a tendancy to question there abilities and seek advice (usually from the wrong people) which ends up leading them to over analyization and then the search for ...

If it's working for you then stick to your plan, keep working with it and as time goes on you will probably evolve your method or keep it as is. Nothing is wrong with trend lines, they have been around as long as trading. Asking for feedback on a ...

It also has higher lows; symmetrical triangles are unpredictable.

Very nice advice! I couldn't have put it any better than this.