24 pips equate to 4% of your account? Sounds dangerous to me. All you need is 600 pips to wipe out the whole account. That happens very very fast man. I'm thinking you are overleveraged.

yeeeah, i made 24 pips this month!!!

Haha, that is the age old question of trading. The day you find out the answer is the day you will forever be rich aka holy grail. IMO there is no way to determine that. You have to take a side. You can only "hope" that all the research you done ...

EURUSD

I am srsly very sceptical... No matter what is going on in these 2 days, the major trend is still down. I am still downwards biased. Last week we had a break down. It was done with very high volume. This week, we have a retrace to retest the ...

EURUSD

Which is why we should just sit out and wait for something to happen. I am also bearish biased but the price has been fluctuating around these levels for almost 2 months. That means a lot of people are invested in this position. It is too early to ...

EURUSD

All I can tell you is that they are registered with the NFA. So you are at least sure they have passed the test and won't cheat your money. url Having said that, I do not know anything else. How is their service level? How to take out funds. How ...

Who know about Boston Merchant Financial?

The divided opinion of the forex world around the current state of eurousd is a prime example of a major support resistance. Whether you think it will go up or down, both can seem right at this point. So just be careful and limit losses. These are ...

EURUSD

move to singapore. No tax on capital gains. End of story.

EURUSD

My personal belief is that uero will go down more. Volume to the upside is considerably less than volume to the downside. It is an indication that whatever short term bull run that is happening now is just a reaction... sorta like catch my breath ...

EURUSD

Trend in motions have tendencies to remain in trend. The reason is we have broken past a resistance that lasted about 1 month. That is enough reason to say that it will continue to go south for a while. Many people are invested around the support ...

EURUSD

you all are missing 1 more peice. Check out monthly charts. It seems to be forming a fan pattern at what seems like the top. image Basic price action. -The recent high was lower than the previous high. -It is currently hanging around the 2004 high ...

EURUSD

The number 1 rule of oscillators: -It is a supplicant to basic trend analysis. Relying solely on oscillators to generate signals = doom In a trending market, you do not use oscillator based strategies. In a sideways market, you do not use trend ...

RSI based system not working anymore

A lot of people don't like MA apparently... Only thing I can tell you as a MA user: 1)Price is still king. Price action comes before MA strategies. Support/resistance/trendline/doubletop etc precedes MA. MA only confirm the trend. 2)MA strategies ...

Measuring the 'edge' you get from a moving average

I use MA crossovers. I know a lot of people don't like it. People think it is useless... It probably is. But MA crossovers have been around since the stock markets were opened. Up to you to decide if it works or not. All I can tell you is... if you ...

Are MAs Like 50/100/200 Important In Trading?

watch what happens. respond accordingly. Price is king. He goes anywhere he wants. I just follow his lead.

What do you do when price approaches a major trendline?

Love the enthusiasm. One day when it does break, you will know if you truely did the right thing We all start out like that somehow or another. But be warned, the market has its way to reward wrong behavior. When it does correct, it tends to lash ...

What's the point of hedging?

I'm loling to the fact that this post was made in Aug 27, 2006 5:14am . Long before a lot of people started trading.... somehow got brought back to life and now people are debating if this guy has his head right. If you saw this post in 2006 and it ...

Discipline, Mental Skills and the Psychology of Trading

Youth is a good thing to have . Do what you want and don't regret it in the future. Find out what you want out of your life and stick to it. For me it is the money. Anything that makes me heaps of money and gives me lots of time to spend that ...

Isnt a service career more satisfying then trading?

mistakes 1 too many — I made the worst mistake ever. I traded naked and left my trade to run by itself with too much leverage. I was supposed to be scalping. I put in a hedge both with tp but no sl. i did this because i had to leave. my ride ...

Thelws's journal

the art of cutting loss — todya i learnt a lesson. to cut loss and when to do it. oan's martingale system works very well. But there are times when you just called the direction wrong. or maybe you just cannot hold on to your position long ...

Thelws's journal