Thanks for the reminder about stop placement. All though it should be obvious i needed that.

gbp/chf — "Which setup would you take 100 times and hope to be profitable on?" Well said. I have often thought of that as i don't wish to be in a stressful mood just because of my trading results. For me i will be concentrating on trending ...

getting killed over here — Well it looks like it is about time to take on break with live trading and go back to demo. I know i am not the sharpest knife around and i don't have a ton of time to dedicate to study working full time and weekends ...

Hey Que Do you normally risk 3% on a gap trade or did you really like setups today? edit... ahh i see the standard 1% in the above post...

Out of the Jpy's i favor Aud. It is worth 1% of my account to find out if it at least drops on a round number.

Ooops missed that one... i did take Gbp/Usd however. I don't play many gaps so i just risked about 1/3 of a 1% on my account for this one.

I have not read every post in this thread however i thought i would add my two cents. After reviewing Tkimble 's weekly straddle thread and Joel's old rules regarding First Strike trades i began trading my own slightly changed system last year on ...

Thanks. That would explain why he keeps burning out 5k account.

Thx for the reply Kenz. Actually i should explain myself better. This is a money management question. I am wondering how much of an account balance you would require to begin trading full contracts of say corn or soybeans? He has been starting up ...

Gbp Cad — Anyone holding on to yesterday's daily pin? This IB in pin format makes things look interesting.

trend reversal on yen pairs? — Yen pairs have been starting to reverse and some pairs are at the first important resistance now. For Nzd/Jpy i am curious what will happen at 50...

I think this PB is tradeable if price breaks through the triple bar high from last week. 1.7750 should not be unreasonable even on a Friday.

I have seen alot of pin bars similar this situation however most that have been posted in this thread have been discarded due to the "traffic" and not sufficient "space". So essentially you consider this a poor PB trade however a good breakout and ...

g/u — I am a little disappointed in missing the movement on the Euro, seems most setups are on the smaller TF's. Well this is somewhat interesting to me. Wondering if we are winding up for a breakout Wednesday?

So your edge is PA off of various PPZ levels. Are you limiting which time frames you will be trading? What about money management, what kind of position size are you willing to give away on each trade?

Usd_Daily Pin — Well as much as i like this pin i will only demo the trade. My edge is looking a s/r and taking bar action off of them, if with the trend i am more comfortable. This pin is against immediate resistance and fighting a strong ...

Good thing i don't trade news.... i would have thought bad news on the auto bailout would have sent the dow down hard on Friday.... Oh well back to what i do know. Daily pins... hoping to see USD/JPY keepit's shape for the close today, although ...

Just got home. I never seen 1 hr bars like this on some of these yen pairs, and i am not a news guy but with a bomb like this i am tempted to just put in a limit sell on Eur_Usd at 1.34 with a 100 pip stop and go to bed. Problem is my plan is only ...

If that red line is your PPZ than it seems you took this trade directly into a support area?