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Provided the originator of an indicator/concept has a generic and correct understanding of price/market dynamics. I wonder that's why many followers of indicators would not be very fruitful in results. :(

No, man ever got lost on a straight road to profitability by learning and heeding advice not to trade on a timeframe less than 15 minutes. :mad:

Go to http://www.uspto.gov . Maybe you could even try a patent application, if you are really keen. :confused:

Bravo! Now, please tell us which one was your development? :mad:

No, man ever got lost on a straight road. :D

Just a thought: A rating approach may be not entirely suitable to some newly joined members who would like to ask certain questions in mind in order to learn something useful to improve their performance, or something they don't really understand. How could we rate this group of messages...

We need a plan to make plans work :( .

If we read the message further, Kovner got more other reasons as well to trade mainly interbank market. :eek:

When asked by Schwager (in Market Wizards) for when trading currencies whether using the interbank market or the futures market, Bruce Kovner's (who at the time around 1987 may well be the world's largest trader in the interbank currency and futures markets) reply was "I only use the interbank...

Talkagain next week!

I agree. Good exit! I can only tell my current projection for next week as follows: USDJPY Down USDCAD Down AUDUSD Up EURCHF Up EURGBP Up EURUSD Up Will see. :cool:

Profits!:D

Bruce Kovner says something quite interesting about his FX trading experiences in Schwager's Market Wizards. Happy trading and nice weekend! :)

How about if your calculation based on the above factors would be more than 100 pips, do you still use 100 pips stop?

Thanks Rezo. I would agree the above statement.

Look at the USDCHF chart and see whether you would place a firm order for long or short, without any doubt. It seems to me they are strongly negatively correlated, recently and currently.

The following is my search results: http://www.fxtrek.com/universityEN/risk_management.asp Q Correlation is defined as the linear regression correlation coefficient of a stock portfolio (or a single stock) and the performance benchmark over a certain period of time. For example, one can...

Obviously your weekly analysis report covering perhaps some correlated pairs, imho. How do you evaluate the correlation of your trades in order to control risks, say 2% per (single?) trade? Otherwise, you overall position could be ending up several times higher than 2% some days.

That's OK. How about stop loss, as I suppose you would use different stops (50-100 pips) for individual pairs?

Would you usually consider to re-enter (not neccessarily immediately) an order after this kind of stop out?