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I don't think 7.5% +/yr is anything like a holygrail. That's a typical 'investment' and you'll get that if you invest in a balanced stock portfolio rather than 'trading', if you do it over the long term in almost any stock market. For me, holy grail would be something like 500% p.a. with...

You don't even talk a good game Rolex, let alone play one. God bless ya mate! :cool:

dHale, I'm assuming you are a new grad at Refco.....

It depends on the contract but a queueing strategy is a definite part of the overall strategy of almost everybody I have traded with. I certainly use it. Basically, if you've got some decent levels that you want to potentially get in at and you're early enough in the queue, you have the...

NihaBashi, What exactly do you mean by 'white hammer line'? I think literally everyone with an ABC book of TA uses hammers but I personally wouldn't get in the moment I saw the hammer- I simply think that the low of that particular candle is a significant piece of support. Trading...

Honestly Scotch, it really isn't as easy as dedicating a year or two to learn it and then suddenly you can't move for money. A couple of things: 1) If you are going to be self taught IT WILL take you longer. Like someone else said, perhaps going to a prop firm (and not bringing any money...

Just thought a nice little analogy would fit in here: Tips are like arseholes- everybody has got one Go down the casino or buy your wife some flowers instead.

Magnus sold the high and we all know it!!!!!! You're just a number there now- the profit is mostly coming from the comms rather than trading P/L as it was a few years ago. Refco KNOW that Refco Pro is toilet- why do you think the desk and commissions came down after the TT suit. Funny how...

ZF- bang on I have seen a lot of people that used to make big on Bund/Bobl get rinsed in the 6 months. Too much maniplation and lack of belief in moves from those weary of Mr Paul Rotter. Nobody talks about flipping anymore- it's now just accepted as part of trading Bund

Doublechin, I got myself a dummy account and tried out a couple of tactics which were a bit more complex than the one you talk about for NFP. Although it may work if NFP comes out of line (and the move is in the same direction as the jump that happens before the figure is released) it makes...

Glad you're with me CB. By the way, I'll save the originator of this thread some pointless time/money if you intend to trade Bund intra-day: 1) An MA will do nothing for you excpet potentially give you an idea on where a typical large fund may be positioned. To use it (crossovers or...

Skalpz- why??? Not saying there is a catch to what you are doing just curious as to your motivation. Are you building up to selling a system.... Honestly, I'm not trying to be negative here, just curious.

I personally think that if you are a new trader and want to trade the bund, you're a fcuking nutter, but then again, if t\you want to learn as much as you possibly can about all the REAL aspects of an intra-day market (spoofing, flipping, false breakouts, moves off news, being about 2000th in a...

I doubt that anyone would believe it if these claims were made. By the time an upside limit in capacity is accepted as a truth, the thing would go silly with people not only speculating but stockpiling. I'd personally count on the Yanks buying up as much oil as possible so they can hold...

Epiphany- Bingo!!!! My sentiments exactly. On a purely lifestyle basis, I think this ensures minimal stress, less risk whilst still (hopefully) getting good returns.

Everyone wants to be a millionaire and most half-wits believe they have the ability to do it. The only thing that has changed is that with all the media and information we get bombarded with nowadays makes Joe Schmo think he knows what he is talking about and can make money out of his/her...

To answer a few questions here, I'd say that the NASDAQ belly-up of 00/01 was hardly the nightmare of 1987 and alike. I am quite hesitant to start dishing out a proven technical model for free (especially since it isn't mine!) but if anybody wants to PM me then I'm happy to talk about the...

Just to tidy the above up a bit, what I was trying to get at in point 3 is that we are living in a period now where monetary policy is used more effectively than ever before. I wondered if anyone thought that the lessons learnt along the way to getting to this stage makes looking at charts from...

I've traded intra-day for a while now and have just made the decision to look at having a separate account for INVESTING in shares. Obviously, this is a totally different kettle of fish. When trading intra-day I had my opinion on fundamentals/technicals and be prepared to adapt my stance...

As far as I am concerned, if you don't know where your downside exit is i.e. stop, when you enter a trade, you are almost certainly destined to be a loser in the long run. Sounds to me that the originator of this message is a bitter loser who wants to be on every winning trade- dream the hell...