Micro on a $25K account? Nonsense. Risk 1-2% per trade after demoing for a good six months. That's all you need to do. If your edge dictates that you use 100 pip stops, then you are risking: 25,000 * .02 = $500 / 100 pips = $5 / pip. So you would ...

Account Size Timeline/Stages Advice Request

And that's what I was saying earlier... it just doesn't make sense to trade options on anything else... Even futures... why trade options on futures when you can trade multiple contract expirys and futures itself is very liquid. I suppose corn or ...

AUD - next in line for a kick in the groin

no... I think then they are talking about gamma scalping... the particular manager that comes to mind was talking about options and gammas... Ahh heck, just read the book... LOL. But ya know, you still can make a ton of money gamma scalping. Unless ...

AUD - next in line for a kick in the groin

Not that I could tell... I'm not done with the book yet though. Most make arguments on not being short gamma and then talk about IV and HV... some think that the whole volatility debate in options is a joke... of course, I think they are talking ...

AUD - next in line for a kick in the groin

I couldn't agree more. That's why most people lose their shirt in options. Basic options strategies, IMO, really don't make sense in the Forex world, let alone finding a broker who will do forex options. I use IB, one of the most stable and widely ...

AUD - next in line for a kick in the groin

Sounds like to me you're just going through what ever trader does... Trust me, thousands of dollars and years later, you'll finally get it...

Fear

Ahhhh... famous last words of many traders...

USD/CAD Trading Room

Stick to the plan folks... stick to the plan.

james16 Chart Thread

Yankees suck. I'm a Cardinals fan. And while you should be happy you're not a Cubs fan, I still consider you my mortal enemy... Yankees... Lord... no wonder you're not profitable yet... Ohhhhhhhhhhhhh hell no he didn't just go there!!!

james16 Chart Thread

Don't know if I'd take that pin...I'd rather wait and see if we break through the 116 or 113 area...

james16 Chart Thread

Hey Mike. I was bored last night so I decided to watch your video. You sound like a damn Yankee man...

james16 Chart Thread

I have a setup already to go short. Will be going short when the daily writes at 6PM EST... glad to see someone else watches this pair...

james16 Chart Thread

We are kinda laughing at you man...

james16 Chart Thread

Hey man, are you talkin' smack yo?

james16 Chart Thread

And BTW... for all you Base150 folks, here's a little treat... ... take a look at 4H and look at the "first time back" strategy and compare that with the Fib confluence on the 1H...

james16 Chart Thread

2.06... not 2.0206...

james16 Chart Thread

As I was working on my conditional orders to exit out of my hedge on the sterling futures contract, I noticed some really nice confluence that I thought I'd share. I can't post the chart because I'm on my work computer and don't have photoshop, but ...

james16 Chart Thread

Yeah, I saw that forming last night. Gotta love those pins. I have a longer term trade on that I scaled into on GBP... I just went ahead and hedged myself on the Sterling futures for any move down here in the near-term. I still think we're gonna see ...

james16 Chart Thread

You could always be gamma long on a EUR call with a strike of 4300... your risk is defined and if you hit your 4500 target, then it's all good. OR... you could write a Dec OTM put (4100) and buy a Dec OTM call (4300), thus making the call cheaper ...

Jacko's Forex House of Pleasure and Pain