It really depends on your strategy, but overall I disagree that you can't trade in a "random" markets. Some strategies work great in this type of environment and lose money during break outs. I'd rather trade the 85% than wait around hoping for an ...

Seems the thread is dead... I’ll PM you for further discussion.

That's funny! Well he seems like a nice guy anyway, although I haven't really read through much of the thread. I'm located in the APAC time zone, but trade the markets around the clock. Nice to meet you guys!!

Your expecting a touch? Only in the futures so far. I would bet on a huge pop once this level is broken. A short into 30200 maybe, but why fight the trend?

I always say do what works best for you... I took a few Dax trades today, but strictly on technicals. I shy away from most things I’m not familiar with.

In general I try to scalp a bit on the open, but did pretty well in November buying up the dips for longer periods of time. I just went through my FTSE trades this month and found about 20k in profits, so not a complete waste of time :-)

Hi, Yes trading them daily (Tech 100, HK- HS50, FTSE100, US Tech100, Wall Street) in addition to forex & commodities. A heck of a lot more action there recently than FX :-)

Exactly right... I was playing the spike that pushed above 1.20 and got out quickly. So I guess in this case there is money to be made long and short.

I would think lots of stops up above that will help it run higher pretty quick. I guess we will see!

I'm just looking to play the break of 1.20 by going long in the 1.1970 range. If that barrier breaks I would expect a decent reaction and want to take advantage of that price action. A quick move higher and i will be out :-) I would expect that to ...

I'm on the other side of this one... I see it running stops above 1.20 for max pain. Let's see how it plays out :-)

To limit losses I almost always have a $ figure in mind that I'm willing to lose for a specific trade. Depending on the circumstances i might adjust this amount, but only after close consideration and a drop dead stop. Normally i average in and out ...

Excellent point.. That's why you want to trade during this time frame, why not make your money 70 to 80 percent of the time rather than wait on breakouts? It's my strategy and I only get burned when things move big in one direction. That's normally ...

If this topic interests you then I recommend you read "What I learned losing a million dollars" by Jim Paul. The basis of the book is to learn not to lose big trades that completely knock you out of the game. The formula for winning can be a ...

Something you might consider is scaling in & out of your trades. It seemed like every time I would hit buy the price would dip 10 pips and of course it would upset me. Now I scale in 1/3 at a time and if it dips I'm happy because I got a better ...

I started out with about 5k back in 1999 and did pretty well for awhile growing it to 12k or so. Of course I was clueless at that time and eventually donated most of that back to the market. Once i found FX in 2003/04 I again did well at first, but ...

[quote=tdion;2195741]I am guessing you use an ECN to trade news.... and have a tight stop in place. but why not just use a straddle, instead of guessing short prior to the release and then "hoping for the best?[quote] Straddling during news time is ...

I'm assuming your confused because doubling down was risk free.. as stated in the above post only the unrealized profits are exposed. If your up 50 pips and you double down then 25 is your break even price. It went on to drop another 50 pips from ...

Thanks David! George & I just used this strategy again on the AUD rate announcement. Shorted GBP/AUD right before the news.. It dropped about 50 pips and retraced for us and we added more. Finally the round number broke and we closed the entire set ...

Your a bit confused about my definition of what a free trade is. Your unrealized gains are not profits and therefore should not be considered as such. When you double down and move the stop to breakeven your trading with the houses money. You have ...