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    How long did it take for you to be profitable in daytrading?

    Hey gnome, What percentage of the average daily range would you define the "range swing" TP as being? First time i've come across that term.
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    Tick versus Time based bars....

    whitster is right. This thread has made me go back and “rediscover” tick charts – the ups of ET. What I found is to have confluence of both tick chart and time chart signals is best. IE. On the euro, have the 5 minute up and the 500 tick and perhaps a real fast tick chart (34t) to get...
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    Nzd/usd - Aud/nzd

    Big Funky, Right, made a mistake. Stopped out - was ahead by 10 pips and decided not to put stop to break even - turns out I should have. Aussie seems to be moving in that direction again - but I'm done on that pair for today. Without exception EVERY trade I get into seems to move at...
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    Nzd/usd - Aud/nzd

    Just went short AUD .7730 (12 pip stop). Looking for .7634.
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    Short term Bottom in the USD on the dailies

    If you ask me - better not to have any opinions on the direction of the markets unless you actually put on the trade. For me at least it creates direction bias in my day - to - day trading . Not having any opinion at all is just one less thing I have to deal with, when the chart in front of me...
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    The Perfect Edge

    It was a beauty today ES. Two days of trading bunched up into one because of the holidays. Gentlemen (and ladys), Try this out. If you want to improve your edge - open up a chart on a completely unrelated market that you don't trade. For example I opened up the dow (but I never trade it - fx...
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    Do you fully appreciate the complexity of the markets?

    If someone is managing big amounts, circumstances would dictate that they will trade in this way. If they consistently make 30% a year they are god. Give that same person a $10 000 account to manage (and tell that person their only income is 90% of the profits) and I guarantee you they'll be...
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    Tick versus Time based bars....

    To a large extent you are correct - however, if you look at time frames longer than an hour tick/volume charts cannot show that same stuff that time charts show. When I said "pure" I meant that a trader can see momentum from a big picture perspective. I don't trade stock indexes but pull up a 3...
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    Usd/chf

    I was @ +60 pips at one stage, it came back and took out my stop that I had moved to break even.
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    Tunnel Method

    You should have been trading the tunnel method (on any time frame) in about February of this year - you would have been chopped to bits. The last month or 2 the majors have been trending nicely - so just about every strategy will work well. The test of a good strategy is to try it during months...
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    trading eur/$ at US opening

    Check todays post on usd/chf thread. I'll post wherever I see opportunities - NZD included but not strictly only that pair as I had originally posted. NZD=No Zinc Deficiency
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    trading eur/$ at US opening

    8.30 ET is a common time for data releases - that explains the sudden gyrations in price. Re trading the news - you need a more reliable strategy than that to survive in forex. I remember trading the news was really good for a period about this time last year (similar strategy to yours). I never...
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    where to download forex data (free) ? newbie

    For a while I had a free account with vt-trader. Not bad as free services go. But I got nowhere until I got esignal forex. It ain't cheap but if you want to make it in forex, you need precision tools.
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    Usd/chf

    Just went short @ 1.2200
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    Tick versus Time based bars....

    Actually it's NZD - No Zinc Deficiency.
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    Tick versus Time based bars....

    Each market and data provider is slightly different. At the end of the week do a bar count - put in an arbitrary number and see how many bars it gives you. Then you can work backwards from that. 4X - the euro - you can try 3500 tick, 500 tick, 144 tick.(esignal) I gave up on tick charts a while...
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    Would you be wiped out if the Markets are closed for Months, due to bird flu or somet

    Grain market will still be open as will gold trading. That is all.
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    forex trading

    ES, That is the SMOOOOOOTHEST equity curve I have seen - You'll be managing a hedge fund if you keep going like that. You two are like human robots to be pulling of results like that - saving your emotions up for another room in the house I am sUrE. Coinzy/sKaLpZy I am not - perhaps his...
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    Small and consistant or large and rare?

    Ok guys, It seems there are three groups here: The scalpers who go for 5-10 % The swingers who go for 100% or more And the in betweeners who average between these two. BUT, looking at preliminary votes - it seems the small and consistant mentality is ahead. People want to have multiple...
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    forex trading

    Hey ES (and wifey), Good to see you've stopped scalping!! SCALPERS GET SCALPED i'll say it again SCALPERS GET SCALPED Swissy is the best (To quote Chuck Le Beau - "it remains the worlds best trend following currency after the demise of the DMark"). Boy can that baby move - all...
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