nobody knows anything- we don't either nor do banks or other institutional traders but they have a war plan thats the differnce to a starter and they wanna take your money


its all about risk management, in an even game you win 50% and lose 50% ( ie flipping the coin) so also when you are just 50% correct or may it be only 40% if you have a poor trading system - the MOST important thing is to cut the losses with a relative tight stop and let the winners run-- so the profit must be bigger than the stop loss --

usually the opposite happens, one enters a trade and can not accept he is wrong so he holds on to it till it ruins or seriously hurts the account; same on the other side, winners are usually cut before a profit target is reached - if set at all

so you
need to have a plan what you trade- set stop loss and profit target
and also cut the loss( pull the trigger) once you sl is hit

ie lose 2% of your total account value per trade (stop loss) so you can lose 50 trades in a row till you are out which wont certainly happen

hope that helps a bit....

Good luck

Dennis et al...

I (and many others in this forum, I presume) would appreciate knowing the various hedging strategies are used by you more seasoned traders (esp. Stryker).

In theory I agree with you, but have little practice and am a little confused as to more effective ways to hedge.

Thank you for your one cents (hopefully not measured according to value of the USD

OK. i think we have finally found the base. and as soon as the smart people in asia start realizing that the dollar is still as weak a cricket pee we can have somewhat of a retrace.

long @ 5322
target 5420
s/l 5280

OK. i think we have finally found the base. and as soon as the smart people in asia start realizing that the dollar is still as weak a cricket pee we can have somewhat of a retrace.

long @ 5322
target 5420
s/l 5280

Hi All,

Was just reading a few comments posted today about looses and mistakes made recently etc.

I just want to say that I have been trading a mini account off and on for a year. Initially I made many mistakes and had my first account wiped out. Took the loss and tried to learn from my mistakes and improve my trading.

About 3 months ago I started tradign my account full time again. I tried to rember lessons learnt and stick to my plan. Things were going amazingly well. In fact I now realize I may have become very over confident. Essentially I had about a 96% wining trade count and grew my account by about 4500%

This last week I lost all of my focus, I ignored the obvious trend change and let my emotions get the best of me. I allowed hope to take over and did not implement sufficient stop loss protection. And after my initial bit margin call I mad 3 bad trades trying to chase with the hopes of getting back what I had lost.

After this recent slide in the EUR, I am essentially starting over. What I am struggling with now is the emotional pain and trying to come to terms with the massive loss in profits. I had big plans for my massive gains and to now adapt to this loss is very hard for me. I feel devastated.

What I am trying to tell myself now is that I can do it again. I can learn from this and bounce back. If I am committed to being a trader I must not give up and find the strength to do better.

For all who have lost, I feel your pain. You are not alone. Let's not give up, lets learn from our mistakes and bounce back!

OK. i think we have finally found the base. and as soon as the smart people in asia start realizing that the dollar is still as weak a cricket pee we can have somewhat of a retrace.

long @ 5322
target 5420
s/l 5280

OK. i think we have finally found the base. and as soon as the smart people in asia start realizing that the dollar is still as weak a cricket pee we can have somewhat of a retrace.

long @ 5322
target 5420
s/l 5280

OK. i think we have finally found the base. and as soon as the smart people in asia start realizing that the dollar is still as weak a cricket pee we can have somewhat of a retrace.

long @ 5322
target 5420
s/l 5280

OK. i think we have finally found the base. and as soon as the smart people in asia start realizing that the dollar is still as weak a cricket pee we can have somewhat of a retrace.

long @ 5322
target 5420
s/l 5280

I TRIED POSTING THIS FOR 20 MINUTES

i promise, i didnt mean to post that 6 times

But now I can't get the image of cricket pee out of my mind.

Hi Jayson,

Thanks for sharing that. Don't give up, we deserve just a bite of that trillion dollars traded daily in Forex market. I'm a newbie (behind the scenes) trying to learn from experienced traders, but seems like I'm still crawling, and looses are very hard to digest. One day I will learn to run.

seems to happen more frequently lately. If its not a database error, he page wont load, I hate that!

Everybody interested to read about sentiment index and how difficult it is to predict the future based on this sentiment, go to the Thread "Trader Sentiment and Positioning" and read the second post that has the time stamp of 05-07-2007 at 01:37 GMT. A long time high for the EUR was predicted at that time. As we know now the EUR climbed another 3000+ pips if I'm reading the post right, Please check it out and comment. I'm not criticizing the person posting it, the point is that it is very difficult to predict the future.

Hi, i am extremely worried about the SSI, it seems like so many people are long, and it`s just not going up. i have a long position and i feel like i can`t help but know that the inevatable break out is going to happen and i am on the wrong side.

For all of you who are long, i mnight sacrifice myself, go short and due to murphey`s law. Long would have been the correct position to have.

can anyone explain what the volume meter means in:
https://plus.dailyfx.com/fxsignals/ui/fxsignals.html

i know it has to do about volume, but in what respect. how is it calculated.

Thanks
GGunit
(i should have gone fishing today)