Are you talking from experience pipmutt? Some other people are suggesting the opposite and it does sound reasonable what they are saying. I mean has the suggestion you made to Andrew worked for yourself?

After you are profitable - Now what?

Hi Acumen, When scalping, how do you go on about placing Sls and position sizing? May be you could go by the pics you posted above? Thanks

Trading for a Living - Cliff Notes

You know what? I totally agree that education is the main point in all this and I like your idea actually much better than just taking the option of high leverage away.

Americans : Whatcha Gonna Do About No More Mini Accounts?

I think part of the difficulty i.e. the reason why this subject is so hotly debated is the question of where to draw the line in terms of responsibilty or from what point do practices become "unfair"? I see what you're saying and actually very much ...

Americans : Whatcha Gonna Do About No More Mini Accounts?

...stop going after me...lol...do you know who I am, I make a lot of pips and get a lot of e-mails I am very important...lol...I have made this and and you not...lol ....awww, look at him now... no need to blow your top kiddo Oh btw: High leverage ...

Americans : Whatcha Gonna Do About No More Mini Accounts?

Well, I'd take the liberty to say that he didn't mean to argue with you. However I suspect that he meant that how can one know if it works when it never existed? About capitalism, I quite agree with you, we'll probably never see it happening in its ...

Americans : Whatcha Gonna Do About No More Mini Accounts?

What the heck are you on about ?? May be you should let me have a try at the stuff you're taking. Even if I could write you a cheque, I don't see why in the world I should? You where advocating high leverage as an advantage to newbies with small ...

Americans : Whatcha Gonna Do About No More Mini Accounts?

Skippy, Trading with more than 1:100 is plain stupid anyways, especially for newbies. No better way for a newbie to burn money and make brokers rich by following the carrot of high leverage and the promise to make a million of a $1000 in no time. ...

Americans : Whatcha Gonna Do About No More Mini Accounts?

Are you actually saying that you're risking 40% i.e. betting the farm in a single trade???? Dont mean to be funny but that doesnt sound like a good idea. Dont know what kind of system and TF you use but even if you're playing extra large TFs with ...

Trading for a Living - Cliff Notes

Thanks for your answers guys! Fool, you're right with the conservative approach, I dont really see any other sustainable way than building it up steadily rather than force it. I agree with what the others say about trading with money from friends & ...

Trading for a Living - Cliff Notes

Haha, yea I gotta join FXSurfer there, that sentence made me laugh. Kept repeating it to myself and chuckling...actually...I added to it: "And if you dont follow the market it will come down hard on you like an elephant on a gnats ass" Thanks for ...

Trading for a Living - Cliff Notes

Hi Nos — Why dont you check out Billy Ray Valentine's "No brainer Trades" thread out. It's an indicator free method based on support & resistance and PA. Good forum, good guys and most importantly a sound method. url And there is a VSA ...

And this is why I need a scalping strat...

Follow up — Ok, this didnt go that well, actually worse than ever. I consider this account busted and need to go back to assessing what the problem is, making necessary changes and than tackling this again. Laters

MaryPippin's Trade Journal

Hi Mike thanks for the tips, good stuff to keep learners on track. Just wondered how do you know that most bank traders have a 15M chart up, if you dont mind telling us? Thx MP Oh and to that crackerjack awarding guy (even forgot his name by now): ...

Trading for a Living - Cliff Notes

Trade 17 — This was a GU trade that I left open overnight and that got knocked out fro a 20 pip loss.

MaryPippin's Trade Journal

Trade 16 — Pic 1: Bearish GU is heading down and broke below the 1.6386 support at which point I shorted that pair. It still has bit to go until it reaches the medium term 4H TL at which point I have set-up my TP. Pic 2: Screenshot shortly ...

MaryPippin's Trade Journal

Trade 15 — Pic 1: Bearish drive of the EU today and constant pressure downward at the 1.3832 levelinclined me to take a short at the 2nd direct attack on that level with a 15 pip SL. Pic 2: It turned out that that price didnt break that level ...

MaryPippin's Trade Journal

Trade 14 — Pic 1: Went long hoping for a decent bounce of the 4h TL Pic 2: Hopes got dashed as price continurd downwards hittin my SL. Possibly I just have taken heed of the fact that price already bounced once of that TL and that it came down ...

MaryPippin's Trade Journal

Pic 1: EU broke below small TL and retested it there where I made the decision to enter with a small less than 0.5% position and a 20 pip SL. Pic 2: Price went straight up and hit my SL, the small trendline obviously didnt represent any obstacle. It ...

MaryPippin's Trade Journal

Trade 12 — Pic 1: Small triangle built on the 5M chart and upon London opening it broke out upon which I decided to buy with a 25 pip SL. Pic 2: After the initial surge there was no real follow through and price remained stationary. When price ...

MaryPippin's Trade Journal