It's more than that if you ask me. This is a damn broad question.

Support & Resistance

I'm kinda flat but I have pending buy order at 3815 and 3700. Long-term view : aiming for 1.4000

EURUSD

Al_yaqen ... Is that Marketiva you are using ?

EURUSD

My SL got hit at 3760 yesterday. Secured around 30% increase in equity. Now placing another buy limit at 3815. If the market retrace, gonna buy at 3700. Details for all these trades are posted in the blog. Cheers.

LIVE Trades Only : EURUSD & GBPUSD

It may retrace 100-200 pips before going back up, I guess. I'm actually still aiming for 1.4000. I very seldom short this pair. It's almost always long,long, long. When it retraces, I step back. :

EURUSD

Yes, he advocated that, but I think gut-feeling is important if you want to be a superior trader. A trader need to develop that gut-feel slowly over time. Gut-feel can make almost any system incredibly profitable. One way to develop gut-feel is by ...

Jacko's Forex House of Pleasure and Pain

Yaa .. let's what does EU has for us today. I'm looking to enter at 3700 if the pair retrace.

EURUSD

I don't know what is best. But round numbers work for me. e.g 1.3600 1.3700

Support & Resistance

Hehe .. I'll be happy if what I said can be useful to anyone. It wasn't really directed to anyone. I believe other people may have the same questions too.

Exits: Our worst enemy

Trader888, Thanks for the reply.

How to be a trader for a company?

Hmm ... it's going up I guess.

EURUSD

I agree with most of your points. However anyone developing/using any mechanical system need to be wary of over-analysis and the tendencies of curve-fitting. I remember what one of the traders in Market Wizards said 1) Follow the rules. 2) Know when ...

Sick of all the MA crossover systems

I have seen people scoring that 60% using a system with their discretion. Perhaps, they are just lucky? I have several solution to the issue you brought up. These solutions is for long-term traders using Daily charts to trade. Just pick a market ...

Exits: Our worst enemy

To me, not using discretion is a big loss to trader. Discretion is a product of human intelligence. Intelligence is a gift of God to human (cows and computers dont have intelligence, dont they ?) It's a waste if a trader does not train his mind to ...

Sick of all the MA crossover systems

I agree. Becoming a master of one-two pairs is better than just being OK at many pairs.

How to be a trader for a company?

Great, in other words, entry and exits are both too damn important. I guess that's why scalping is very hard for newbies. Trends in 1 min TF is much shorter than trends in Daily charts.

Exits: Our worst enemy

This is the method. Good luck. url

how to handle trend change?

I dont know what system you are using but the method I'm using now usually make small profit/loss in ranging market but big profit in trending market. There's no need to assume when the market will change from ranging to trending. The method is ...

how to handle trend change?

Trader888, I'm wondering. Among your trading colleagues at the banks, isn't there anyone who strictly position trades? Place a trade and then do nothing for 1-2 weeks. If they trade this way they probably dont need to be under so much pressure (and ...

How to be a trader for a company?

38% for a trend following system? With a little bit of discretion I believe the figure could be as high as 70%.

Exits: Our worst enemy