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You cash-in once you see no more gains to be made. An homerun just "happens", you shouldn't plan for it.

Now at 1.26443 Means nothing but 1.25815 looked like a new floor.

Had you closed and reversed, as i told you to on last november, you would have made enough profits to cover your losses, and then some. There just no point in shorting an up-trend, and not wanting to see what is happening. Sorry dude, i don't hate you, i think you're funny, but don't make me...

Do you trade for a fun challenge? A way of spiritual enlightment? I'm in for the money!

You suck with your 8 month trade!!! By the time you averaged down like an idot to make a 0% return on 8 months of hard labour, by that time i played the break through 1.30 and cashed in at 1.35! Then i sat on my ass and in the end i still made more money than you :)

Yeah i'm in at 2X leverage. Have PLENTY of room left!

I plan to average down around 1.25-1.23 I hope not, but i won't be worried if it goes down to that. Will pyramid up very quickly once a new trend as kicked in. Should have enough money in december to buy some great gifts! :p

Trade pair: EUR/USD. Trade direction: LONG. New Average Price: 1.26271 TP: 500-points. Trade Status: Live. Current Market: 1.26231 The Profit$ man! See you in hell coinz! :D

Out of a $20BILLION position! Big deal!!!

Buffet oppened his short position 3 years ago. The man already made a shit load of cash and went through wipsaws far worst than 1000pips! You really think the man-god gives a damn?? He trades fundamentals and they haven't changed. The US is not doing any better and the innevitable will catch...

You nailled it right here Electric, a LOT of labour for the amount you made. You would need to trade with 50000$ of capital to make this system worth trying. It could become good with automated trading though.

Just see it in a more simple way. The US (both government and households) borrow massively, and drain more than 1/3 of the world savings every day! Isn't it too much? Now where is the sustenaible equilibrium point, don't know. May be we are right on it. But if 1/3 is too much for the world...

The unrealized P/L varies, if you look closely some day it grow wider, some days it narrows. It's on those days that "paying down the debt" could improve the system. Anyway, i use 3 systems. My favorite "wave surfer" does well in smooth cycles and in trends. But it gets beaten up in choppy...

And i've been thinking about this. How about a limit order at every 1 pip interval? Yes, at every pip. You need a very small size of course, somewher around 0.1% of your capital, may be less. You still hedge and put no stop loss. (i would still place a very wide stop loss, like at break point...

Damn this thread sur has exploded in a few days!!!!! All this arguing, yes this system is vulnerable to trends! I said it at the begining. I don't know why some went on and on for pages trying to prove their points, it's trivial. Besides, that's the point of a system. For some particular...

Hey, sorry about not responding earlier. This was a bad week for me, even though my analysis is bullish with the USD, i still stay bearish on the USD/CAD for emotional reasons and... well i did a few holes in the wall this week :) and stayed as far away from my computer as i could (which means...

I don't know how that many pivot point can be useful. Lot of time, previous day open or close means nothing for the next day. Especially in Forex, which is a continuous market, the "closing price of the day" is arbitrary. I just don't know if those points are really pivot. Some days i see a...

Call it opportunity cost. Go long 1000$ and then hedge yourself short 1000$. The pair goes up, why on hell didn't you go long 2000$?? You cut your return in half, eat half of your capital to unproductive means. Hedging is good to reduce risk, but i find it a rather expensive way to do...

So your unrealised P/L is like your dept, and you want to hold it in "nominal terms" hopping your real account will grow faster with consistently increasing realised profits. Like a government with it's dept and economic growth (and/or inflation). It's nice. Risky but nice. It seems it's a...

You get stopped one way, you think it goes the other way, you trail your stop a little to let your position ride, oups it was a whipsaw, you get stopped both way, you're fucked up, you lose money plus pay 2 times the spread. Happens all the time. Oh, may be i just have to put wider stop...