BRV, your work is MUCH appreciated and I read your blog every single day. I use your levels to check out my own analysis (for intraday trades) and there are times when I find your levels to have more "meaning" than mine. So I tend to learn from that ...

No Brainer Trades

I'm in at 1.3590 based on the M15 timeframe and holding! It just broke 1.3625 now.

No Brainer Trades

Yup, that book is the Bible of stock trading/investing. It's the only reference I use. @Willowgal: I've read more than 10.000 pages over two and a half years (on stock trading/investing) and not one book included so much wisdom on short term ...

No Brainer Trades

OK, this was published today on Bloomberg. "We want a new world to come out of this,'' Sarkozy said. "We want to set up the basis for a capitalism of entrepreneurs, not speculators." I guess the banks, and even more so the hedge funds, were ...

Jacko's Forex House of Pleasure and Pain

I don't know who Skunny is, but please relax, it's Sunday, the serious talk will start on Monday.

Jacko's Forex House of Pleasure and Pain

Oh, thanks for the explanation. I've googled it up from curiosity and if this is all we got to fear, than I am relaxed! =) I just hope it doesn't end like this, hehe.

Jacko's Forex House of Pleasure and Pain

Let's hope that is stays this way for the next 60 years or so. =)

Jacko's Forex House of Pleasure and Pain

Why 2012?

Jacko's Forex House of Pleasure and Pain

The end of Forex Trading? — Hi guys! I love this forex business more than any other business in the world, but I was wondering, if this market will always be here for us in the present shape? I mean, I don't mind the present volatility (you ...

Jacko's Forex House of Pleasure and Pain

Thanks BRV! This is exactly what I'm going to do. If I'm confident, I'll calculate my lot size with the default 40 pip SL and 2% risk, and when I'm less confident, I'll calculate the lot size with the default 40 pip SL and 1% risk. That's it.

No Brainer Trades

Yes, I normally use 2% per trade, but when I'm less confident (or short-term), I'll change to 1% or even 0,5%. But, for example, if I decide to go short EUR/USD @ 1.3855, do I put a "default" stop-loss @ 1.3895 (40 pips) and manually close the trade ...

No Brainer Trades

Yup. But I kinda forgot to mention it, sorry. My broker doesn't have mini or standard lots - they use 10.000 units for one lot and that's it.

No Brainer Trades

How to determine the risk per trade? — Hi BillyRay, could you please explain, how do you determine your position size per trade? For example: Account size: $10.000 Stop-loss: 40 pips (our default SL level) Risk per trade: 2% Resultant position ...

No Brainer Trades

You should never discount the sheer stupidity and power of politicians. Our country (Slovenia) is a great example. One crackhead had an idea, that the forex, options and futures should be taxed at 40% and BANG, the law was made faster than you can ...

Trade Transaction Tax - The Death Of All Us!

You should understand this method of trading in and out if you read all the links on the first page (or the PDF) and all the posts made by BillyRay and Iron-man. This could take up to a week, but time spent will be well worth it - I promise.

No Brainer Trades

Hi, David! I know I will remain happy if BillyRay keeps posting his charts only. We've got this thread for posting our charts and while learning, we can compare our charts with his and observe, if we think like he thinks. As far as I can see, ...

No Brainer Trades

Thanks, I appreciate your answer!

No Brainer Trades

Trading only 4 major pairs? — Hi everyone! BillyRay, I remember someone asking you if you could trade only 4 major pairs, which ones would you choose, and you answered, that EUR/USD, USD/JPY, USD/CHF and GBP/USD. You also said (in another ...

No Brainer Trades

Iron-man, thank you very much for your lengthy and informative reply. That is just what I was looking for. And welcome back BillyRay, we all missed you!

No Brainer Trades

SL's and Risk %? — Hi, I would appreciate if someone could help me with these two questions: 1) If I scale in to my position on EUR/USD at 1.4055 and 1.4040 and if I decide to have a 20 pip stop loss, where should I put it? Do I set a stop ...

No Brainer Trades