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I don't understand what you are trying to say. Please elaborate.

Myself, Great trader/average money manager. Here is my thoughts as to why. I believe the most concentration should be on making money. Rather it be in trading or any other job or carrer. One must have money before money can be managed. A great trader can lose a majority of his account to...

Profit good topic by the way. I am a currency trader and I tried the no stop and it worked, temporarily that is. In trying the no stop technique I was able to grow the account rather quickly, but lost half the account on a breakout of major resistance. A lot of hard work and profitable...

Just to throw a question out there. If you had to choose, would you be a great trader and an average money manager or an average trader and a great money manager? I understand both is needed to succeed but in reality, which carries more weight? Also, in reality you rarely see those with...

Been there myself enkidu, hang in there, the light will come on for you if you stick with it. Then it will become clear. If you are seeing randomness in the forex market then more than likely a consolidation is happening. The forex market does 1 of 3 things all the time, trend up, trend down...

See, that just pisses me off. I Just got to my office, logged on, and my trade setup went another 20pips after I closed the trade.....GGGGRRRRRRRRR

Decided not to hold the position over the weekend. closed the position@5552 for 7 pip profit. Will study charts over weekend and re-enter market after analysis. Have a great weekend everyone!!!

short eur/usd @5559, Target @5475 which is the 1.272 fib. line bullish move of 5521-5702, stop@ 5589 todays high. Last trade for the day. Thought it would be nice to put the thought process of the trade on the thread. The what is always more fun when you know the why.

Cabletrader, for me things are tough but i've been through tough markets before. I am more concerned with politicians putting their nose in my industry especially when they have no idea about it. The regulation is what I am most concerned with. Also, of course little takers of posting live...

Long eur/usd@5567 target 5585 for a quick 18pips, stop tight @ 5560. Looking to hit .618% of fib 5302-6039 move. 5590 resistance looks strong. Will re-evalute once hit. Trading will slow as day progress. As always, this is my analysis based on what I'm charting. Just adjusted stop to 5573...

Yep Cabletrader, ThePipProphet has a day job! Who would of thunk huh?....lol... Actually I own a mortgage company and manage another one. The housing market is tough right now in my community and i have staff that depends on the jobs i provide. You seen the NFP numbers this morning, I just...

Trading is no different than any other career choice. The problem is the expectations of becoming successful in trading. Trading takes time to learn just like any other career. Rather it be a landscaper or a cardiologist. To be really good at something takes time, however, each person's time...

whewww, hit target of 5585 on eur/usd just barely the low 5582.4 I have to get ready to leave and do my day job now. Happy pip hunting guys!!!

Let me rephrase, I i got it wrong by having my stops to close this go round, but i did go short again @5619 for a target of 5585. just adjusted stop to 5604 for a 15pip profit in case of a quick bounce up, currently 5 pips away from target

Blame Ivan, he suckered us into it...lol..but hey, we didn't get it right but i am glad to walk away with a 5 pip profit. I remember the days of blowing my account when I screwed up.

so far so good on second short@5660, reset stop to 5650, new target 5610 then recalculate for next move. worst case 2pip loss just restet stop to 5645 with the recent drop. why take a loss if you don't have to!

Stopped out on first short of eur/usd @5611, lets see whats happens with second short @5660

I just may have to do that if I hit my goal early and walk away to the next period and spend more quality time with the wife...ooohhh she would just love that....lol I am an ex-athlete so goals have just been a part of how I go about life. If I don't hit goal I don't consider that failure...

Question for Ivanovich & Cable trader. Do you two use daily, weekly or monthly goals? And if so, if you hit the goal early do you stop trading or continue to try to pile on more profits. Reason I ask, I usually hit my goals early then give about 20-30 percent of the profits back. I am still...

Yes it is slow today Cabletrader, but a good thing so not to be to distracted to plan a good strategy to be profitable today. Not suprising our thoughts are similar on the eur/usd as great minds think alike. :D