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Actually it does. Major currency pairs are not roulette and tend oscillate over long periods of time. Practicing Mr. double's startegy for the past 6 years would have made you more money than any other FX trade idea. The key to trading carry positive positions is that you must believe the...

Shameless self promotion but I go through a variety of scaling approaches in my book in Chapter 9. http://www.amazon.com/gp/product/0471745936/ref=sr_11_1/103-9084900-9579027?%5Fencoding=UTF8 For those not interested in buying Currency Trader magazine which is free is running that...

Jerry - why dont you create a Super DOM interface for QT? Nothing fancy - but just something that could drag and drop OCO orders. That would be awesome !.

Thxs very much appreciated. I do 12 RTs a day - max 20 so there is no way I could do 500/day unless I traded size on the ES ( I trade YM) no more than 4 lots into one trade. Still it would be nice to shave it to at least 2 per RT instead of 5. Right now IB makes about as much money as I do.

FT - 1, How much capital do you need to trade prop Futs? 2.How many RT's do you need to do in order to qualify for such low rates. I scalp now ( but also of course not in the traditional buy bid sell ask sense - which is moronic) and am actually quite profitable making 50 basis points...

That becuase top 10% own 99% if all the wealth, so to make it fair we should tax the wealthy more don't you think?

TACTICS are everything. 10% of the trades are great 10% of the trades are awful and its what you do with those 80% of trades in the middle that determines whether you win or lose. BTW in with you on the USD/JPY short and puking my guts out daily but have my avg up to 111.80 and perhaps next...

skipper, the EUR/USD is turning - high prob trades are from the long side. You may want to avoid trying to trade every wiggle that's why one way novice traders give back their profits.

Who is Jack?

ok let's disagree. sizing timing exits - all mean nothing if you've misidentified the environment. You just lose slower :). I spend my days with people who obsessively try to refine my "ideas" inot systems and the try to protect them. I find that amusing since I happy to shaer the basic logic...

Thunder what prop methods are you referring to - determining if its trend or range? which is what all trading boils down to. Random's point still stands - there are no secrets in markets.

RFLOL cable my point exactly. BTW Bollinger is a very nice guy and BBs are as good an indiactor as there is.

Right on Random. I can give 10 people the same trading strategy and 9 of them will still lose money because its human nature to amend abridge and reinterpret. The value of listening to trading ideas from others is to expand your own creativity, not to lazily piggyback on another human...

dude - what's the password ffor the spreadsheet? Otherwise no one can use it.

Neil - good to have you back. Short term ie. next 24-36 hours which all my reserach is good for :) I cant help but think we may be done with long euro run for now. Main dollar positive point now is the reafirming of rate hikes by Greenie as I wrote yesterday...

MOST important aspect of the game is to be as overleveraged as possible in order to absorb the That should read NOT to be overleveraged. In fact the point I am trying to make is that trading with penny and nickle ticks is probablly the single most important variable to determining your...

Random - would proper out of sample come from say 1999 or 1989 ie some period COMPLETELY difference from the secular vol bear that was being tested? Also re: Thursdays - doesn't the conclusion here basically become that the REASON the system is profitable is because they eliminated that day...

:) Note the qualifier .. for now

This is starting to make me feel that are done for now.

Lynx: 10:1 is MAX if you want to last more than a month