I am all for that, changing the world to a better one. Good luck.

AUD/USD

Zero. Do not get me wrong because I scalp the market as well but my best trading day, I should say week(s), do not happen as a result of scalping. If I see something where I think I can pick up a quick 10--20 Pips then I pull the trigger. But for ...

How many scalps a day??

If it drops back down towards .97 I will make an attempt to catch a falling knife by going Long. What is the worse that could happen? Puncture an artery? Whatever happens it beats having my precious bodily fluids corrupted by a foreign substance. I ...

AUD/USD

When you get right down to it, all trades would be profitable if correctly timed.

Low maintenance newbee strategy (LMNS)

I can see where you got the 76.70 from. I am not going to worry if it drops below that, 76.40 is what I have my eyes set on as a do or die area. A drop below that and I will seriously have to contemplate exiting my long. I have a weekly S1 level ...

USD/JPY Discussion

And besides, why intervene right now? The last 5 weeks average weekly range has been around a whopping 108 Pips while staying in the same range. For lack of a better term it has been really stable. It will not stay here forever. It does not need ...

USD/JPY Discussion

I think you have a great attitude especially when you mention " applying new knowledge". Markets change so it is a must that we adjust to them. What once held true yesterday may not necessarily hold true tomorrow. I still think that 20%-30% of ...

if 99% fail why not reverse what we trade

Staying away from the longs on this pair for now.

EURUSD

Looks like it is making another attempt to break through.

USD/JPY Discussion

I have heard numbers up around 95% but fail is a bad term to use. People quit trading for a number of reasons even if they are making some money so i think that number is highly overstated. Some start trading because they think they are going to ...

if 99% fail why not reverse what we trade

This brings up the question, what time frame are you trading on? Going Long on the Euro? Maybe a bit of a correction is in order but when it was up around 1.45 the trade to make was a no brainier. On the weekly chart it broke below a long standing ...

Low maintenance newbee strategy (LMNS)

It is kind of like the familiar tale of the Hare and the Rabbit; slow and sure beats fast and careless many times. Besides, those small winning trades helps promote confidence which is all so important. I have a job and some at that job poke fun at ...

USD/JPY Discussion