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short GBPUSD 1.6021, stop 100 ticks away, targetting 1.575

yes, really screws the charts up, doesn't it?

stopped 58, stupid trade

going long nqz13 here at 3362.5

You need to read Acrary's thread on that, kut2k2. Do a search :D

I have always seem to have this fear of missing out so I always (pretty much) buy the break and not wait for a pullback :mad: .

Disagree about the haircut, there was massive resistance at my target 1.3345, just check it out on a chart. My only annoyance was that i should have reversed, but for some unknown reason my provider closed down forex trading at 12am UK and then reopened about 5 mins later!

Thanks for reply. Another question if i may: If the breakout is very strong, it may not pull back or if it does, the pullback maybe at less favourable prices. What do you do in this event?

NoDoji, would you say that your STRATEGY is breakouts, but you use the TACTICS of waiting for a pullback?

I met a trader recently who has ridden the dax from 6000 to where it is now! Unfortunately he is short, not long lol

in my defense, the spread on euro was about 0.8 pips. but yes, if the cost of trading is high relative to the amounts we aim for, then we are at a disadvantage. so what u have written is correct and a reminder. (having said that i shorted crude with a 3 tick stop and made 10 ticks on it...

fantastic! :cool:

i know people who work in banks, insurance companies, hospitals,supermarkets etc etc etc who are employees of that company, whose function is not trading anything, who would be deeply insulted by your comment that they are " one step above being slaves".

:D

out at 1.33455

shorted eurodollar, 1.33534, stop 1.3359, looking for 1.3345

Does it really matter?

Total and utter BS.

:D

You don't even have to recalculate the amount to be risked after every trade. You could wait until you hit a predetermined level. For example, say you start with an initial $100,000. 0.5% is $500. You can keep risking $500 until your closed equity either decreases by $10k or up by 10k. Then you...