I'm hoping it works for me. I have chosen a mechanical system, but still screw up out of fear. I'm only 4 days into it. Right now I'm part of that 95% who loses in Forex. If I don't get my shit together and learn how to follow a simple plan without ...

Does Mechanical Trading Bring Peace of Mind?

List to stay focused... — Why I must follow the rules of my system: 1. To become financially wealthy and no longer stress over money. 2. To give my family everything it needs or desires. 3. To free myself from all of my rental properties and ...

My simple journal... Read at your own risk.

I'm such an asshole. I implemented the strategy and got stopped out for a loss of $600.00. Shit! I was comfortable with it taking my straddle short, but I was shell-shocked and didn't replace my entry order for going long again, once the strategy ...

My simple journal... Read at your own risk.

That's true, but here's the math... Let's keep it to 100 trades for simplicity. Micardo - 100 trades at 67% pt hit multiplied by 30 pips = 2010 pips Markj - 100 trades at 80-90% pt hit multiplied by 14 pips = 1120-1260 pips I think they are both ...

daily range Strategy

Micardo, I read your strategy documents - very nice, btw. I was curious what the results were regarding first profit target, for both yours and Markj's system. What was the percentage that these were hit before being stopped out on both systems? In ...

daily range Strategy

Good work Castlemain. I went to tell BK he was the man last night, but didn't realize they were closed threads. BK... You are the man (or woman). That's unnecessary work you need to share with others, but you do it anyway. I hope karma (if there's ...

Burgerking's NFP and ISM threads

I love Markj's strategy. I get up for like 5 minutes in the middle of the night (eastern time zone), set my entry orders with the appropriate profit targets. I have an alarm system that I will set to let me know when one of the 30 pip profit targets ...

daily range Strategy

Can you watch his speech anywhere online? I'll check the fed's site, unless anybody has any suggestions.

What will Bernanke Say?

I'm a little confused with the London opening time. Now that Daylight Savings Time is over in the US, what time (Eastern) are you all looking at for the London session to base the GBP/USD price. Thanks guys.

daily range Strategy

I'm with Merlin. I thought they were remaining hawkish. So, I watched the prices plummet without getting in. I'm wondering if this is a case of market irrationality, and that it will turn the other way. So far, I'm wrong.

NZD rate decision

Has anyone checked this out on the GBP/JPY? I could see potential on this pair also. This is merely an assumption at this point though. I will begin checking it, but if anyone has any insight... please share.

daily range Strategy

Thanks cd!

Bagovino Method

Yeah, what I meant was I've seen a few instances (very new to this method) where the cross has happenned, but the candle hasn't closed yet. I took a trade, and it is going the other way on me. Of course, it may just be breathing, but could be a bad ...

Bagovino Method

Hey everyone... great thread! Tell me if I understand this right. If you wait for the close of the candle to take a trade, which I believe is the true method, then if you check the charts every new hour, you should be able to find entries. There is ...

Bagovino Method

How about the EUR/CAD. It looks as though they all crossed in the same area on the 10th. Would that trigger you to go long but wait for the 4WMA to cross the 15? Thanks for all your responses.

Priscan System

Am I getting it? — Do you use this strategy on any pair that gives you the opportunity, or do you concentrate on certain pairs? Also, tell me if I have this right. I'm currently looking at the AUD/USD. It looks like it may cross very soon. The ...

Priscan System

Thanks again. A few more questions if I may... 1. Have you tried any different time scales? or do you think that raises the risk? 2. It looks like you are getting somewhat large gains on these individual trades. Is it safe to assume you only close a ...

Priscan System

Not sure I understand your leverage — Do you have stop losses set? If so, what is your percentage for t/p vs. s/l hits? BTW, thanks... I've already started back-testing.

Priscan System

Where's the best place to view this... the federalreserve.gov website? How about the Lackner speech at 1:30... is there a place to view that in "real time."

Trading FOMC minutes