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- mjotic replied Dec 11, 2012
My expectancy has dropped considerably because I'm chasing trades all over the place. Issues to correct: 1. Focus on daily chart 2. Avoid chasing counter trend trades 3. Predominantly use limit orders Waiting for the next 1000 point move on 3 ...
ThE GriND
- mjotic commented Sep 6, 2012
Brutal price action intra day on the EUR. We're trading at the edge of the downward trendline on the weekly. It looks like the uptrend is running out of steam. It is crawling to make new highs and there is significant retracements occurring this ...
Weidmann Reiterated Bond-Buy Criticism
- mjotic replied Aug 29, 2012
Capital gains tax is cheapest tax in Canada. 1/2 of your gain is not taxed and the remainder is taxed on progressive personal rates. If you are in the highest tax bracket you pay around 50% Consequently your tax on capital gains is 1/2 of 50% which ...
Canadian Taxes on Capital Gains?
- mjotic commented Aug 1, 2012
A break below 1.2990 would be nice today. There's some bullish momentum left in the 4hr chart hopefully that can get creamed before wall street takes lunch. Unfortunately I won't be surprised if euro moves to 1.2400 before another good short becomes ...
Got ‘Em On The Run
- mjotic replied Jul 12, 2012
I've reverted back to undisciplined and stupid trades. Either way it is a very important experience because I realize how quickly good work can go down the drain by varying approaches. Ultimately I haven't effectively started stacking positions as ...
ThE GriND
- mjotic commented Jul 6, 2012
The Germans have crippled many of the european states and now they don't want to shell out the cash to keep them solvent. They have massive trade imbalances within the EU zone and they have no interest in developing sustainable economies using the ...
Euro break-up: Let Germany lead the northern core and France the rest
- mjotic replied Apr 5, 2012
Butchered the anticipated short at 1.3350 level. I'm pretty annoyed with that. Life goes on. My stops were very tight and I couldn't re-enter when i wanted to
ThE GriND
- mjotic replied Mar 30, 2012
March is ending and I'm trying to get a position in for April. The following is the first short trade. I'm hoping to see a reversal on the daily candle chart respecting the down trending resistance line. I'm going with really cheap positions and ...
ThE GriND
- ThE GriNDStarted Mar 22, 2012|Trading Journals|4 replies
Purpose: 1. To organize my trading approach 2. To write down and further develop new ideas ...
- mjotic commented Mar 5, 2012
Throw the PIIGS out and let them have their own currencies? Ok so German exports will be subject to currency risks. They'll have to drop prices if they want those countries to buy anything from Germany. Those countries will try to start producing ...
Private Holders of Greek Debt Should Reject Swap Offer, DSW Says
- mjotic replied Mar 2, 2012
The most success I found in the market was striving for 500+ pips. 1,000 pip ranges happen quarterly on the eur/usd if you go back to 2005 (there are variances to the distribution but it is pretty stable). Personally I was never good at the day ...
The 1000 pip trade?
- mjotic commented Feb 9, 2012
why are people so upset with Greece. Germany doesn't want to buy anything from anyone (why should they, German products are better). Germany wanted the Euro so they could sell their goods without as many tarriffs and not face as many currency risks ...
Greece Responds To Troika Deal With Immediate Two Day Strike, Threatens With "Social...
- mjotic replied Feb 4, 2012
well said sir. now that makes sense. there is a lot of price repetition if you analyze the ranges of monthly, weekly and daily candles. Ultimately this kind of analysis enables you to assess average, min and max reward to risk ratios that are ...
True Trading Tactics
- mjotic commented Jan 18, 2012
Still a congested market, range has been 250 pips the last week or so and 1.2850 seems to be a good opportunity for another short. I can't see a sustained price above 1.2850 without first seeing a retracement to 1.2700. The best long was at the ...
The euro is pushing Italy into depression
- mjotic replied Jan 1, 2012
You're right there's always going to be retracements. I try to stick with daily, weekly and monthly candle analysis to determine a 1000 point + move. Once I have a trade established I just set it to break even and let it try to do 1000 points. I ...
1% Money Management is a myth, fib is a myth and so on..
- mjotic replied Jan 1, 2012
You'll make money on a 1:1 Reward to risk system if your success rate per trade is greater than 50%. Position sizing will not change a negative expectancy as previously mentioned (you might think it does because the distribution of the successful ...
1% Money Management is a myth, fib is a myth and so on..
- mjotic commented Sep 28, 2011
Let's see what a default will do to the banking sector. I don't see how equity prices are going to rise unless emerging markets continue to expand their domestic consumer base. I feel equities might get stuck doing nothing for a while and I'm ...
Germany slams 'stupid' US plans to boost EU rescue fund
- mjotic replied Jun 9, 2011
I like the simplicity of 2 variables, price and time. I like that value and price become synonymous. What I love is the use of statistical mathematics as a means of providing structure and boundary to formulate your own interpretation of such a free ...
forex addiction - whats your opinion?