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How are you going to start accumulating when they have a 1% edge over you??

It is technically possible to make gains like that with an ultra high frequency system, such as an algorithmic scalping or arbitrage system. However, you as a retail trader likely cannot do this. As a standard technical swing trader you will probably blow the account if you aim to make 50%...

In terms of longer term calls, I think eur.usd is one of the harder ones to focus on right now. There are much easier picks (such as weaking yen) and looking for good entries on that is my top priority right now. Focus on the easy money.

Ok cool sorry about that- I thought you sounded like another permabear :D Personally I don't see much of the correlation you are talking about.

Well trader13 that's what I do. I don't make any outrageous claims- I just show some of my statements to show I am a good trader myself, so I am qualified to teach you a strong foundation that took me years to learn myself the hard way. I make no 100% guarantees that anyone taking my...

This has not been true the last few years.. trade what you see not what you think. Sounds to me like you are trying to justify shorting equities.

BlackBison was the name of a Red Indian chieftain

looks like a massive uptrend to me..

I don't know his track record, but his time he's definately wrong..

Well perhaps I used the wrong wording saying 'complacency'. You are right, there was a fair bit of talk about banking problems, but no real fear or agreement that it could get really ugly amongst most traders. I suppose what I meant was people thought a correction might come, but totally...

The easy money is on the long side, so I am looking to buy dips. 1220 was a strong technical level, unfortunately the price didn't trade there. My reasons for being bullish are given in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=215920&perpage=6&pagenumber=3

Your analysis of 2007 is not relevant for the purposes of this discussion. What is important is what the sentiment was before the crisis started, not as it was unfolding. People are saying the next huge downleg is about to start, so we look at the sentiment just before the banking problems...

In 2007/08 there was general complacency and not many traders really believed things were going to get as bad as they did. Now many believe equity and property markets are headed lower worldwide. So the two situations are not at all similar with regards to this crucial point. Shorts beware!

It is definately possible to trade eminis intraday, but as several people have said it is very difficult. You need a winning edge and the discipline to execute it. You also need to put in alot of hard work and be willing to go through some emotional pain on the road to success. That's just...

Great video, although you won't learn anything about the mechanics of trading, you will see the attitude and thought processes of a legendary trader in action.

Ask for account statements

There is always a risk of an outsize gap, just because we have been in a huge multi- decade bull market in equities people have forgotten how crazy stocks used to be in the past. I know this is in FX which is a different market, but as an example gbp.usd once gapped down 1,800 ticks over a...

It means widening my stops and targets..

Excellent observation. I have noticed the same thing here in England. Crucially, alot of people are using phrases like 'can't go up when they raise rates', 'impossible for people to get loans, so the prices can't go up' etc As a contrarian trader my ears are pricking up when I hear these...

Well this is an interesting situation. Marc Faber (a commentator who I respect greatly) said last year that going long the nikkei was a strong contrarian play as no-one was interested in it. His reads are good, but his timing is usually off- this disaster could be the catalyst to create an...