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Take a look at the previous break out over 1.5 that led to the big move 1.6. It tests a couple of times before finally shattering. The FACT that it hit 1.6 at all a second time let alone making a new high is VERY significant. Naturally people would take profit at record highs, but you cant get...

The system itself does have an edge, my account was at 2881 when I stopped trading ATS, after I lost 800 shorting the yen. Thats -320 or so and about 10% of the account. Therefore there was about +500 generated by the prog. Now the fact that I am constantly interfering, short on patience and...

LOL, sounds like Vegas was fun, I need to go check it out, never been there. Yeah I missed the other gaps since I keep only the EURUSD chart in my face, but my account is so small that I dont really have much buying power for more. Basically I reversed my short for a 15 pip profit the...

Consolidation usually means continuation of the trend, reversals involve things like blowoffs, and capitulation.

Ok last Fri I ended with 2881 for a -190 loss for last week Week 6: -6.1% I crippled myself on Friday by placing a limit order at 1.5845 and leaving 100 pips on the table which would have made my week. pretty much by know its obvious that everytime I interfere I screw things up lol. Anyway...

I have been on the sidelines observing this journal for a bit but havent commented. Now I simply want to reiterate that you shouldnt expect to be profitable at first and you will prob lose many hundreds of minimum wage hours at CVS before you even break even. The absolute minimum losses I have...

I am back after neglecting my journal for a few days, no I havent blown up yet but I havent been able to make money either. The reason I havent been posting is that I am only getting stopped out intermittenly in this flat line pulse of a market with no direction. Summer doldrums; what are you...

I am not really satisfied with my sad excuse for a fix on the problem of stops. the best way would be to get the closed price from the bar that triggered me and to place the stop 30 pips away. In the previous case that price was 1.5649 for a stop at 1.5619. If I was to use my new 33 pip...

Thanks Andrew, good luck in your trading endeavors. (I feel that its important to be encouraged postively) I think the amount of hekling one gets on ET actually depends on how you present yourself, and most of the abuse goes towards new traders who only traded demo before and think they are...

Unfortunately, I was indeed stopped out in the shakeout, However upon closer inspection of the prices I noted that i technically shouldnt be getting stoped out according to my 30 stop loss rule. I basicallly Trade the close prices of 30 Min bars. In that case I went long at the closed price of...

Alright since last night I had one stop out, after my prog went long then EUR sold off. This morning the program bought and now I am hoping I didnt get stoped out since it bought around 1.5650 and the lows were 1.5620 with my 31 pip stops (i upped them by one pip to compensate for slippage) I...

Yeah, I feel like I am constantly improving and as long as I can keep treading water and at least NOT lose money, I should be profitable sooner or later.

Oh my options expire 2010 too same as the original poster. Also with MER you have to worry about a possible bankruptcy by 2010 whereas with XLF thats a way more remote possibility if it is even possible.

Wow surprisingly I egged out a small profit in this week of drawdowns. After the last post I had about 5 or 6 losses only 2 of which were program stop outs for nearly 170 pips. But this one trade today made my week again. +161 pips Total PnL for the week: +20 Week 7: .7% return lol...

Yes sadly I am using my personal computer to run it, but me and me partner might put it on a serve in the near future as we see some growth. Well I started the journal at 25K, then I sized up to 30K but I hit a snag with one trade which decimated me and had to size back down to 25 and now I am...

Well finally I caught I nice move today I think I am up about 180 pips after the announcement... I will post when I get home withupdates on what has been going on with my trading.

FXCM..... try another broker I hear nothing but horror stories, and I dont even know where you guys are getting these spreads I have literally never seen more than a 5 pip spread on IB and I have been trading for over a year. Never has a stopped slipped against me more than 3 pips. But maybe I...

Thanks I am really glad that people have been for the large part supportive and I havent been laughed at, ranted or worse. I dont want to jinx myself but the version I am trading with right now seems to finally be working to my specifications. I am executing within 18 sec of my trade time and I...

Out of all the brokers out there MER is one of the worst to speculate on since not only is it in similar shape to LEH but it hasnt fallen nearly as much as Lehman has, so it has more potential for drops. However, I like you have speculated on 2010 Leaps except that I wasnt sure which companies...

Actually I remember doing an an inflation exercise onthe 24 dollars over the past roughly 400 years, and at 3% inflation rate its a straight ripoff, however, at 5% inflation it was a steal for the indians valuing manhatten into the trillions of dollars.