Risk Management..let's get something going here....

No doubt, I agree....with my chart analysis, I'm a better stock picker than forex picker. I usually time reversals and swings a lot better there than I do in this market. As such, I get in on the ship early enough to catch the beginning of the turn. Here, I'm getting caught with my pants down and coming in simply toooooooooooo early, but my analysis is usually correct as to the eventual turn, that is within a few hours.

Yup, it's a discipline thing...what can I say, I've been trading years that way...gotta learn a new way. But at the same time I wanted to learn of any techniques of scaling into positions since I usually go in with my gut and push alot of chips in the middle once I feel the chart is good to go. I'm eager to learn a better way, minimize the risk and perform better overall..

The Hun.

Question, why are you "picking" anything? You seem to be going the "crystal ball" route of trying to predict reversals etc.. That to me, is a bad thing. Top and bottom picks will soon be cotton pickers.

As for Money Management, a "working" model is very easy, the PROBLEM is the dicipline, I agree.

I don't see it as crystal ball picking at all. I'm more of a probabilistic type trader. When I see certain patterns develop and form, I know that there is a significant chance for reversal. Now, ultimately, I know that there is a flipside to that coin, but ultimately I know that the probabilities will work in my favour. What I have found was that on most of them I was right on direction, however my timing really hurt and that was one of the factors that wiped me out.

The Hun.