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I started trading stocks and equity indices back in the 70's, so I know a couple of things about the stock market, thank you very much. I understand perfectly what you are saying, but like I said numerous times, if something does not work anymore then trade something else or use a different...

Trade closed at 1.0075, +70 pip profit.

Oh please, spare us the National Enquirer headlines :D The Dow Jones alone has more than doubled in price during the last 5 years. Follow the trend and make money, where is the problem?

Here is something to keep in mind. If a currency breaks a x.xx50 or a xxx.50 or a xx.50 level to the upside (x represents a number) , it usually goes to the next level : the x.xx80 or xxx.80 or xx.80 In other words, it moves at least 30 pips higher. If it cannot break that 50 level, it...

Thanks SmallStops. A buy order at 113.00 makes no sense as far as my system is concerned. In fact it would invalidate the whole logic behind this trade. What time frame are you using?

Bought CHF/JPY at 113.50. 27 pip stop.

Trade has now been abandoned (9 pip loss). Reason: Winning day-trades rarely spend almost 12 hours going nowhere before moving in our favor. Short (winning) AUD/CAD position is still active.

If you are making money with a strategy and it does not work anymore ("because" of some new regulations or whatever), then trade with a different strategy, Bob. Don't just sit there and think about the "good old time". Adapt or die, that's what trading is all about.

These "statistics" represent pure stupidity at its finest. It is not a question of how many but how much. If you own a restaurant for example, would you rather have 3 customers that spend 2 grand each on caviar and expensive Champagne (total $6,000) or 100 customers that spend 5 bucks each on...

Who cares, focus on making money trading, that's all there is to it.

MRBRETTONWOODS, the real question is : do you want to make money trading or do you want to criticize the way some FX brokers are "behaving"? I mean seriously, think about that for a minute...

+25 pips, moving stop to break even.

Note to self : Study the behavior of open trades that do not move in the expected direction after X bars/candles...

Hi Commodity_Trader, Where exactly is your stop on that position?

Seems like a non-event so far. Coming up next is the the Reserve Bank of Australia meeting minutes at 9:30 PM New York time. Hope this will move the Forex market, yawn yawn :D

Australian Conference Board Leading Index due in less than 10 minutes (8PM EST) ...

You are absolutely right Magna, terribly sorry for these off-topic comments.

Take a look at this video and see how complex (or easy!) the fractional reserve system is: https://www.youtube.com/watch?v=iFDe5kUUyT0

Position is now open.

No, mathematically impossible. You cannot create money out of nothing and back it up with gold, unless you can also create gold out of nothing. The whole fractional reserve system is evil and the cause of the financial mess we are in today.