I personally use fixed fractional position sizing and have found it to make the most sense but I recommend backtesting your system to find the one that is the most profitable for your style of trading. url

Random entry proves strength of money management.

Get smarter friends?

What are we called?

Your stop needs to have a meaning, not just a random number. To put it bluntly the market doesn't care about random numbers on a chart, or how much you personally want to risk on a trade, it will move where it wants to move. Stop placement can be ...

What do you think the best Stop Loss is for daily trading? I say...

I'm glad you found this informative Captain! Most people don't realize, and don't attempt to realize, that risk control and capital preservation are the most important aspect of trading. Interestingly enough most people are only interested in entry ...

Risk and R-Multiples

"Technical Analysis of the Financial Markets" by John Murphy The only one you will ever need.

Good TA book?

I hope one day you understand what the intention of my post was.

Post your pips.

hahaha

EURO Manipulation - Call the cops

I have the police on the phone now.......they said stop worrying about fundamentals.

EURO Manipulation - Call the cops

My statement was explaining how little an effect pips actually have on an account, I was not implying that one should focus on having negative pips with a positive return. Pips don't pay the bills. Returns on capital do.

Post your pips.

Pips are meaningless. You can be negative in your pip amount and still have an account increase and you can also be positive in pips with an account decrease. Example... You have a hypothetical $10,000 account. You place a trade with a 100 pip stop ...

Post your pips.

www.worldmarkethours.com

Countdown to markets opening

If I were to draw that many lines across a chart I'm pretty sure that price would hit it a few times....

Where would 'your' low be for the Fibo?

Exactly! In my opinion there needs to be some form of discretion in any mechanical trading system.

Think Outside the Box

I only know about 15 traders and all of them make a steady living from a mechanical system.

Think Outside the Box

The only reason any chart means anything is because YOU have accepted it as an accurate reading of what is actually going on in the market.

The Daily charts are KEY

There is and always will be a certain amount of discretion needed in trading.

Automated Trading

Thats because the people who are trading for a living are not out self promoting, so you don't hear about them.

@People who make money: John Person + Tom DeMark

You should go through the links of his previous auctions and check the sold list. It will show you how many he actually sold. I've seen some of those people have almost 15 sales a day with the forex software.

Do You Buy EAs or Indicators from ebay?