This alone doesn't hurt retail trader right ? But it makes more money for the broker. Correct me if I'm wrong.

How the retail Forex works. Dealers vs. Clients

No no.. those numbers are just example. The idea is to focus on actual profit made, not on pips. There are methods where you don't make many pips..but the profit is very good.

can you earn 1400 pips per month with one pair?

That sounds intelligent .

Specializing in multiple pairs or just one?

I don't know how good are the indicators, but I'm sure trendlines and S/R works. Learn to use them.

more knowledge more problems

If I were you I will just put a trailing stop. Whatever happens, happens.

Would you take profit with 500pips profit or?

great stuff — You guys are really displaying good example of what patience really means. Waiting for days/weeks to get into a good trade shows great self-control, which is vital for traders. This makes this thread unique from others.

Follow the trend!

I have to agree with that. Patience is money itself. Lose patience, lose money.

Follow the trend!

LOL. Many people refuse to believe that trend-following works and they believe money making can't be that easy. Perhaps they are trading not for profit but to feel good by inventing something that "may" work and different from everyone else.

Follow the trend!

I love this thread. Let's devote ourselves to the simplest idea of trading. Trend-following. Simple is best.

Follow the trend!

I did a little bit of analysis on jacko's live trading. It seems to me most of his longs were entered at the bottom of a big move. People say "don't pick market bottom" but jacko seems to be able to pick 5-20 pips away from the bottom. Reading the ...

Is The Trend Really Your Friend?

steinitz For a technique that do not use any indicator, this method is great. Kudos to you. I will be using it for scalping . It's not much different from the technique I've been using. Trade with trend and buy at dips.

Scalping Technique Made Easy

Yep, I got a long position at 1.3330.

Is The Trend Really Your Friend?

The reason that I can think of is those OHLC value are what most people use. In this business, you don't want to be too different from everyone else because the idea is to follow the market(people). You need to be in-synch with most of the market to ...

Questioning the Facts

Should I just say "shit happens" LOL. If you get that spike too much, you may want to increase SL. But if you get that sometimes, better if you do nothing about it. Lower profit is better than loss.

Spikes caused me to close out... arg!

Thanks for the compliment. I have long way to go. I have learned a lot from you and newbietrader. Thank you very much I owe you a lot.

Is The Trend Really Your Friend?

We trade currencies. Currency trader.

What are we called?

If you just need 10% of the whole move, simple MA crossover can do that for you.

how to catch the whole move

Ignore the emotion. You shouldn't have entered the market in the first place if you are not willing to accept the loss if your stop loss got hit. Don't enter when you are afraid. Enter only when you have the courage. Ignore the emotion after you ...

for Those who found success in forex>>

you can still profit, greatly! — blueruby, You will not need to wait for months to get into the trade. In the graph you posted, you will ride a solid downtrend when you change your bias to "Bearish". When should you change? Take a look at my ...

Is The Trend Really Your Friend?

How does FDIC bail them out ? Tax-payer money ? How frequent does FDIC bails those banks out ?

Why aren't Big Banks jumping in on forex?