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Frost, I was curious about something: for your entries and exits, do you use market or limit orders? Merry Christmas, RoughTrader

It just came back up for me. RoughTrader

You couldn't be more wrong, sir. RoughTrader

Two words: "Gambler's Ruin" RoughTrader

FrostEngine, Please don't take this advice as anything but well-intentioned. I think you need to get rid of these kind of emotions if you're going to be successful at any kind of trading, discretionary or algorithm-based. By turning your system on and off and altering the strategy while...

This is an equity curve of a strategy I developed that trades currencies on hourly bars. One of my favorite instruments is Euro-FX (6E), and I have been trading this strat for a little over 18 months. The backtest is over a 2.5 year span. The equity curve is normalized to an "average"...

I have 4 systems that I have been running for over 18 months now. They operate on intraday, daily, and weekly basis. My current vehicles are the 4 emini-s, EC, JPY, BP, SF, gold, oil, and bond futures. Some might say I have my fingers in too many pies, but I feel more comfortable with, say, 5...

wow, that is one of the biggest moves in Euro-FX I have seen of late. Wonder what news just broke... Roughtrader

Walterjennings, Thanks for your input. Your idea back then of going for 3 to 6 pips and compounding aggressively is actually a pretty common one but unfortunately is impossible to implement. Going for 3 to 6 pips at a time assumes a very tight stop. That is, unless you are willing to wipe out...

frostengine, I am also using a stop and reverse strategy in the ER2. There are a couple of points I want to convey: 1) your conclusion about trailing or other profit-taking stops is correct, they will always worsen the results of daytrading. The reason I believe is that the upper end of...

Maybe I'm not a very good system developer, but I wasn't really under the impression that creating a system that is substantially profitable every trading day is possible. If you've managed to build a system that is profitable on a weekly basis and manages to take only a few trades per day...

I'm totally with you guys on this one. Having a boss really sucks. RoughTrader

Wow, I knew the crock pot was reaching a boiling point here in the SF bay area, but I didn't know it was THAT extreme. What area of NorCal are you talking about? Out here in San Francisco and Silicon Valley, a lot of sellers are stubbornly holding out and don't wanna budge on the price. So far...

I am also interested in setting up an LLC for my trading business. My primary concern is not necessarily to reduce my tax obligation, but rather to protect my income against litigation. Anyone have any information to share about how LLC's can do this? RoughTrader

And where will all this "new" money come from, might I ask? RoughTrader

This book sounds intriguing to say the least. I have never had any faith in subjective analysis of market charts simply because the traditional claims of technical chartists remain unproven statistically. I look forward to getting my hands on this book. RoughTrader

I have no idea what's going to happen days, weeks, nor months from now. Nor do I care. I just play the charts according to what they are doing NOW. I'm not really seeing the reason for this kind of long-term speculation, but maybe that's just me. RoughTrader

No one here has mentioned it, but I have read that the west coast is highly susceptible to coastal flooding. There is irrefutable evidence that shows that ocean levels are rising at an unsustainable rate, and within our lifetime there is a distinct possibility that everything between Seattle to...

Sometimes the choices we must make in life are so hard aren't they? :D

I grew up in west LA, but I wouldn't move back to Pacific Palisades if you paid me. I hate that god damn place. RoughTrader