Recent content by offshore

Trading time your right. You might get hit with that hypothetical 50 pt move in the 12 hours before the report but you are prepared :-) You already set your entry points so you accordingly already set your stop loss points. Worse case, you get filled early and stopped out and you sit out the...

FXet, One thing that I firmly believe. Nothing in life worth anything is easy. You mentioned that it was "...just too hard...". Your right, it is hard and probably one of the hardest things to do is trade successfully. But if it was easy, there wouldn't be any reward.

FXet, seems to me your biggest mistake is the mental negativity. If you don't see yourself winning, you won't. So your not winning right now, so what. Quit trading real money, take a step back and re-evaluate what you are doing. Try to learn from your mistakes and then re-attack. If you are...

Your mistake is to try this a "...few seconds before news..." I mean come on. The first day of the month mark you calendar for the major reports. For a hypothetical example, you know in the third week of the month on the fourth day of the week a major US report is due and this happens every...

Well, if there is 100% turnover stated from the presenter ( I assume he/she meant that means 100% lose) then there must be an equal 100% that win. It never ceases to amaze me that all anyone concentrates on are the losers on one side of the equation. Well in the Dot com bubble, the headlines...

Only you can decide if forex is for you. I have blown up two accounts (100K) due to my own stupidity. The second time, I seriously considered throwing in the towel so to speak. But quitting isn't in my nature and I decided to take a step back, open up a mini account, and rehash and learn from my...

It's dangerous in my opinion but I have manged some sucsessful straddles before news announcements in forex. I can't speak to other markets on this strategy because I have not tried it outside of foriegn exchange. It just depends on how you feel and what sort of risk you want to take. You have...

It goes way beyond this my friend. A dollar fall to the depths of where it should be at, is bad for the global economy. All those foreign nations (China, Japan, Middle East friends) holding more US treasurys than all the US citizens combined tends to make it hard for the market to take it's...

The market doesn't care what our analysis is. It will do what is does, whenever it wants, despite what we traders think. Our jobs (just like warfare) is to prepare for any contingency and react accordingly. I can't count the number of times some news or central bank report should have pushed the...

Have them make it right or fire them.

Well, if that was the case, the markets wouldn't exist. There seems to be a consistent 10% give or take that make money no matter what market it is.

Actually, what the hell do I know. Trading is so subjective that if it works for you and you make money, then it is your holy grail. I actually use a system so simple that I would be laughed out of this forum..but it works for me. Here's hoping you continued success.

RSI the holy grail? lol!