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I beg to differ ...and if you're married then surely you know what we mean ;-) there is plenty of evidence that the moon does have an effect on humans

Maybe so but there is a difference between knowing and doing and it just didn't work for me. I'm not saying that it wouldn't for anyone else but its always a question of meshing the trading style with your own personality. In my regular trading I shoot for a minimum 2:1 RR and can handle small...

An update on my little experiment w/Jared's EA; Bottom line - I'm extremely uncomfortable trading when the RR is 1:7 even though the WL rate is 95% so it was probably always going to end like this. The robot traded ten times (5 small profits and 5 breakevens) so obviously this is statistically...

So, why not now? He is a sovereign being with exactly the same wants, needs and aspirations as you. He has always been your equal even though he may display obnoxious behavior and seem totally out of control and unreasonable to you. All the stuff that you mention (teaching him manners...

As an update, you can also count me in the skeptical camp regarding the Forex EA but I've decided to give it a fair shot on a relatively small new account. ie with money that I could afford to lose. The signals given are not based on typical pairs trading. Rather, its a simple scalping system...

Smart money is long and short - problem is no one knows which is which! Reminds me of the graduation class (not mine) at med school where the dean implored humility in his soon to be practitioners." Ladies and gentlemen, of all the things we have taught you we can only be sure that 50% of it...

The Madoff ripoff is small fry in comparison to GS and their ilk.

I'm going to give it a try. PTF has been good to me and I've been looking for an excuse to switch from Oanda's shananigans anyway. As for the broker Askobid - there have been some decent reviews(although ET doesn't list them yet). I have opened up at least six different trading accounts and...

Which broker do you Pair Traders use? Just today Scottrade (my long term account) bought in the short side of a pair trade that I'd only opened a few days ago. Often they don't even have shares to short so I've decided that Scottrade are losing my business. I don't want to move to IB (too many...

The happy medium would be to close half the position at your RR objective, move stop to BE and ride out the remainder till close of bar. Personally, in that case, I'd set my second target at the high of the bar as statistically with a high close(>75%) the odds are well in your favor of price...

OK Joe..You're up next. Apart from this being the 23rd anniversary of Black Monday 1987, do you have any other reason for this call?

Pack of cards. If you pick any card other than the Ace of Hearts then you win $100. That's a 98.07% chance of success. Pick the Ace of Hearts though and you lose $5200. Negative expectancy. Not a good idea. So the important question to be asked here is; what is your R:R?

Open two accounts. Place buy stop x points above the open in account #1 and sell stop y points below the open in account #2. X is a continuation trade and y is a reversal trade. y>x. Take profit at x + z% range between x and y. Worst case scenario = x and y both hit. Lock in the loss and...

Thomas Jefferson said in 1802: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow...

Yes, I'm willing to risk a flash crash every once in a blue moon but I sure as hell aint willing to lose my health, well-being and sanity for a few extra E-Mini points. Naive maybe, but its my story and I'm sticking to it.

Losing your life in front of a flickering monitor. I have given up trying to predict which way the market goes. Nowadays, I enter with a protective stop and a target. Once the trade is triggered, I'm done for the day. Off to the gym, hike in the mountains, swim in the pool or just doze off...

Not today sunshine but if you keep up an RR of over 12:1 than you can afford to carry a bucketload of tiny losses in exchange for a nice fat winner. JMO

For the sceptics in our midst - finally - incontrovertible truth............ http://i.imgur.com/1nT6a.jpg

Yes you have been a huge slacker but a patient, successful one. Well done! You've got to admire that kind of discipline. So pray tell us what did you see way back when that prompted you to take on such a large long position? FINALLY sold a large position of weighted index ETFs that'd...

The day -or year - that I stopped fighting the market was the turning point for me. Really, the market is going where it wants to go. I'm sure there are those here that can predict it's direction but I'm not one of them. Sometimes the smartest thing is to just say, "I don't know". JMO