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Profit, I read on Yahoo Finance that they are estimating about $130 BILLION will be repatriated. I don't have the link. As far as my own personal opinion, $130 BILLION is a lot of money. All of those who have traded forex for a long time know that a $1 BILLION order can move the market 50 to...

Chood, I did add 2 more since I made that post to make it 20 contracts. At that time USDCHF was in wave 4 when I made that post. It was a complex wave 4 since wave 2 was simple. Keep in mind the Rule of Alternation in the Elliot Wave Theory. Sun Tzu says, "A battle is won before it is even...

Zf, remain patient. I think that you may get your chance. I will be going long USDCHF again, but after a big selloff. I believe that wave 5 is over. Afterall, the HIA flows are far from over. Seth, I've been doing this since June 1995. So my trading skills are different than yours. Do...

Epic, pressure changes everything. Since June 1995, I've seen people do well in their demo account, then get destroyed in their real account. A demo account will allow you to get your feet wet and test drive the trading platform without the pressure.

I don't trade Cable. More false breakouts than any of the other major currencies IMHO.

I don't think that any of the platforms offered by any of the big retail forex market makers have that capability. I have seen CMC, GAIN, and FXCM. CMC has the best platform, but it does take up a lot of RAM. In their defense, I would like to say that they are offering this all for free. You...

Praise the Lord. Hallelujah. Amen my brother, Joe. I know where you are coming from. 10 years ago forex trading was my life when I started. I have learned over time to become more balanced. Thanks for the reminder.

Pawn to E4. :D You are correct. Everything takes time.

I agree. More than $100K is too easy for elite traders. Too bad there isn't a more than $1 million trading mostly forex category.

Odd, at the time I didn't feel too confident about the trade. I felt that there was a good chance that we could go well below 117.00. USDJPY went to 116.80 later that day and we saw 119.44 this morning. C'est la vi. You can't win them all.

Seth, at what point do you think that it went 100 pips against my position? Deptrai

Did it. Sold all 20 USDCHF at 1.3220. Made 432 pips in 1 week and 6 days since I started buying from 1.2788 on Wednesday, November 2nd. If you consider all 20 USDCHF with an average price of 1.2903, then made 6,340 pips. Profit is $48,028 in 1 week and 6 days.

Why not just say, it's a job, like any other job, and requires skill, on-going education and learning from past mistakes. What most people don't realize is that it is not like any other job. There are no boundaries paywise when it comes to this job. Look at the elite hedge fund managers...

Ripley, I do understand where you are coming from. However, you are probably doing them a favor by taking their money. Besides, they are probably better off doing something else with their life. The elite trader knows that trading is predatory in nature. Kill or be killed. Afterall, where...

I wake up feeling grateful that I can do what I love for the rest of my life in a profession where AT LEAST 99% of the forex traders eventually fail. I know that most people, like Henry David Thoreau said, "live lives of quiet desperation" and I count myself fortunate that I do not. I am long...

Bought 2 more USDCHF at 1.3075. Now holding 20 USDCHF with an average price of 1.2903. We may now be in Wave 5.

Trading what? It is not really easy being a swing trader. Psychologically it could be draining. You must be willing to delay gratification. You will be forced to think deeply everyday. So if you are patient and a thinking man, then it would suit you. I am a forex swing trader. I make it...

You're welcome. Someday when you put in 10 years into forex trading, you will look back and say, "Wow. I really learned a lot since I started. " Forex trading is very difficult. The elite forex trader makes it look easy, but the truth is I work very hard at this business. Very hard. I do...

Rickshaw Man, you made a 50% return in 18 months using 50 to 1 leverage. I know because you said that in another thread. At the time I didn't bother to say anything, but now I think that I must. Your performance is the equivalent of a hedge fund that traded only forex making about a 10% return...

Why not PFE?