No matter the amount of backtesting or stressing you will do, it is part of trading at times handing back some in the quest for greater rewards. You in the above case took no loss, thats a great thing. Backtesting to find your answer will lead you ...

Great thread — This is a very nice thread for those looking to trade this market aswell as commodities. I have been trading a Breakout system which is very similiar and the results are not all that different (this system is taken off the 4 ...

peters timeframe — guess we just need to re think here. Peter said a number of times that the first 9 hours where the times to be trading. london is not too far off closing, will US have the punch to push EU higher. im out anyways, took 50 ...

Eur pasted with IB today, multiple opportunitys to get in long

No i was talking to a friend of mine and he was spewing he wasnt long on the Eur, his reason was he didnt have an entry. I took a look and rendered some bad news for him, he could of. I was out while it happened but was covered with the swissy move ...

just 1 clarification — Do we only take dibs on the day of trading or say there was a set up on a previous day that hasnt activated ie a short order but price hasnt come back do we still leave those in. I had a short for friday that was picked ...

Scalling out positions — There is another version of scaling out and that is to take profit on your first 2 lots and leave the 3rd at BE and continue trading. Now imagine a scenario where you final lot is at the bottom/top of a longer term ...

Bingo with what I just added previous. Glad im not the only one thinking Money Management. Great post. It outlines the multi lotting strategy nicely Cruze

i havent read the last couple of messages so if someone covered this then Ill either delete it or apologise. At 80 pips profit you are only 20 from your ultimate goal, why not lock in 50% or more of your lots, so take profit on half your order and ...

Why trade with such a massive SL. You would be better to trade a much smaller SL and utilise the AH method. It would allow you to trade bigger lots without over-exposing yourself. At the moment with a SL of 500 pips you are asking for trouble ...

off to work — I have a limit entry for 2900. It is the next whole number and in the next couple of hours it will coincide with the top part of the channel. We may get that far, we may drop but im only in if she comes to my party. good luck all

been a while — It has been awhile since i visited this thread, however the lessons that i learnt through it have allowed me to stay in this game a bit longer. I detered from the Eur to the GBP/USD grounds and unfortunatly found myself as Jacko ...

or not lol

last 15 min candle made a new low for the day, so an new low and a lower higher (down anyone)

news in an hour — Im short from 4450 with fairly tight SL. We have news in an hour and she has been ranging for the past 3 hours 60 pips. news could spark things

Zero % interest sounds GREAT. Ill invest billions to get 0 Interest. WOW. RBA in australia dropped by a full 1% yesterday. It is good because our home loan for years was next to nothing (we fixed at around 5% for 5 years). In that time variable ...

Thanks m8. I wasnt watching the market much yesterday. After I moved to 1.5000 i pretty much tuned out and cleaned the shed, house etc etc. If id been watching closer I might have move my SL to 1.4900/50 for more pips, but oh well. Got taken out by ...

Sensational — Nice work with the Eur calls there. I finally placed a trade yesterday on the GBP/USD. Got in at 1.5333 and watch her drop all night. I have take profit at 1.5000 flat. For me that a nice 300 + pips. Im am using a demo account ...

Another 1 post wonder. We love the informative bunch that pop by now and again. It fuels the fire to proceed. BTW where has Joe been of late.