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the thing that was holding me back the most in my trading was when i set me goals like "i want to make 100 pips a week" or somthing like that, "i want 500 pips a month". all BS! now im just leting it flow, of course my goal is to be profitable and of course to make 100 pips or more a week, but...

steve, you are talking about "justifying missed potential". i thought about this often, too. i think it is not necessary. you always see alot of "missed potentials" everywhere when you start looking for it. you could have sold all your internet stocks in early 2000, bought the dollar 2 years...

jetheat, i like reuters.com bloomberg.com bloomberg.com/radio

whow look at eurusd, maybe we see a break of the lows at 1,175x today!! its only 20pips away... or we will bounce off this level.

and it just crossed 50sma on the 30 min.

im not following commodities regularly in detail, only the most important ones. maybe i better stick to good old eurusd.

gbpjpy look very nice today, too bad im not short this one

ok, i think cad and aud are more influenced by the commodity story, with china saying they try to cool down there economy a bit and by this reducing the demand of commodities. i will keep an eye on usdjpy

maybe? could you be a bit more specific? of course it would also be a bet against my short in eurusd a bit, but i think about closing this one and go into short usd, maybe against jpy, eur, chf. but right now, short eurusd is moving nicely.

i agree. what do you think about short usdjpy? (the trend is not my friend in this one...) holding short eurusd from 1,1900, now +83

by the way, i also like fibos

basically no, never double up on losers. but with very small positions (relative to the account) you could also do this, and see it as a scaling in. if you can stand to lose the position all together, why not? but the market will not always come back again, and especially not when you need...

thats true. but after -100 to -200 i would kick it out.

of course it is not that simple. i will not elaborate this further, because i cannot back it with hard statistical data. just a hunch. and of course it is most important to be right in the prediction of the move more than 50% of the time. if it would be that simple i would have found the...

my indicator is the pricechart with some ma's. long term pricechart, 1h, 3h, daily. the rest is "hunch". i know this is not a real system, but so far its doing quite well. my basic assumption is that there are huge swings especially in the eurusd and that you can open a short OR a long...

than i have to take a loss or open a hedge if its possible for the pair and wait. when the pain gets too strong i take a loss. if its 100 or 150 pips its hard, but most of the time i come out ahead.

true, taking profit is always good.

usdjpy on the 3hour and daily looks to me like a short in the medium term. the usd cannot stay that strong forever.

i decide if i want to take my profit or if i stay in the trade and try to stand the pain till its coming back again into the +.

ok, your right. its not saying its going down. but as its not above the 50sma so im comfortable on the short side.