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This week should be interesting. After a close below some significant support EURUSD is lying on another support region currently. However, what will move the market will be the Fed rates announcement. Its not a surprise that Greenspan will increase rates but what will be interesting is the...

Actually random entries will not have a 50/50 probability. During a sustained trend the probability is skewed towards the direction of the trend. That 50/50 rule is believed by efficient market theorists who believe an uptick on the previous bar tells us nothing about the next bar so the odds is...

It is possible to trade and manage school as well. I am doing it now. Hard but doable. However, it will be the same as always-95% will fail.

I suggest that you go to www.interbankfx.com and get their demo. Their platform is very nice and the spreads are cool. I like CMC's platform also but not as much as metatrader.

Update for the Week Nice way to end the week although it was more due to luck than anything. The BIDU short had its stop taken out which I placed at 85.8 got filled at 85.88, a very nice fill considering the incredible upward momentum it had. God bless scottrade! As for the rest of the picks...

Thanks a lot for the heads up. Will use this for sure.

Thanks. Gonna look into it. Pretty expensive for an options beginner like me (550) and especially one as cheap as I am (I think I have yet to spend a dime on specialized software, platforms and charts :D). BTW great trading.

Buffett has been short dollar since EURUSD has been in the 1.00-1.12s. So he isnt down but actually up. However in the beginning of the year as they use unrealized profits it was a loss as dollar went from 1.3600 to 1.20s.

Hey riskarb, Been following your trades. As I trade some FX too I am looking into exotics as well. The MBRM add in you suggested is it this company? http://www.mbrm.com/ Thanks.

Yet another ill performing day for me in the equities department as well. My short on GOOG hit its stop at 290.00 for only a small gain which actually resulted in a net loss due to commissions. I am still holding onto the BIDU short which jumped quite a bit today due to short covering rumors...

A very nasty day in the currency department. No clear direction on any pairs really. A USDCHF short was triggered but it happened to be on the very low of the day and then it whipped back to its stop. Otherwise no other positions open although still positioned with orders in to take advantage of...

No positions currently but orders entered to take advantage of a dollar bear move. Lets see if this occurs.

Equities A good one way street for the indices today. However, a few of my positions got their stops hit which I am not very happy about. TKO had its first pull back after an almost straight up 28% move. Out at 4.35 for a 24.64% profit. I will look to enter it again soon. WFSI got hit by its...

Just came back on the comp. Looks like another stop hit on WFSI set at breakeven 65.8. Update in a few.

TKO stop at 4.35 hit. Will update more later.

I do not think the system as it is presented word for word will provide incredible results (+20% etc). There probably has to be some development that has occured. The basis of the system still holds true however details need to be added for the current market. However, take a look at the results...

Take a look at this: http://www.autumngold.com/Advisor/CTAProfile.php?op=profile&id=301 This is a turtle's performance the one who wrote those rules on the website I linked here.

Wrong website. Here it is: http://www.originalturtles.org/

Austin>Sorry to say but you are highly mistaken. Dont base your understanding on turtletrader.com. Michael Corvel isnt a trader and spends almost all his time bashing every other method of trading out of existence. John Henry is a trend trader. The turtle traders are a group of traders...

First of all austin you need to get your facts right. John Henry is not a turtle. The turtles are the group of student Rich Dennis trained in the 80s. You can classify all of them as trend traders. Are you telling me all trend traders are net losers? That has to be one of the most ignorant...