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Cavendish, You just revealed one of the central points in the original discussion. While institutional traders can measure the use of leverage based on a gross contract value over supporting assets, small traders usually tend to use it in relation with the potential profits they can make and...

Has been this thread hijacked by the “nouvelle” Midas Kings that everything they touch turn into gold? Or What?. If you’re so successful why bother posting here??? We’re just trying to give some quantifiable parameters (not just some random delirious comments of superiority) to...

JJ, From your attitude, you surely are outperforming the majority of traders and investors in the world. Let me first congratulate you and wish you can keep trading like Soros for the rest of your live. For the rest of us, the “losers” that can’t make 300% a year, its always good...

JJ, I’m amazed about your viewpoint on statistics. I don’t want to exaggerate about the importance of statistics in the financial markets, but rejecting even the simple statistical facts is inaccurate and it can lead to false expectation of getting rich too easy. Consciously or...

There are two level of analysis, from a market perspective and in a strictly mathematical sense you’re right $60 a day with 4k represent 0.1% profit in a YM future contract (60/60000), but on the other hand you’re forgetting the other side which is the trader perspective: 1. Moving your...

I do agree with you that without discipline and proper risk management any trader will fail regardless of the size of the account but you can’t deny the fact that if you have only 4k and aim for 360% or more a year it represents trying to outperform 95% of all traders and investors in the...

Jimmygold, I’m not an expert in the YM but I do have a similar approach trading currency futures and I think $55 to $65 per day is possible but … a few toughs: 1. Don’t lose perspective In my opinion, is a good idea to base your performance targets on “professional” investor...

Today April 2 2007 US Session: (Live Futures) 17:45 Gmt + 1 Closing Day. Annoyed Summary 1 trade. Rating: BAD Trades: 1 L: 1 (6 pips) Direction Forecast for long or shorts: 1/10 9:30 – 12:30 Long. NO 12:30 - 16:00 Step aside. Wrong 16:30 - 19:00 : Long . NO Entries...

Today April 3 2007 European Session: (Live Futures) 10: 00 GMT +1 Trade 1 Summary Entry 1. 9: 56 Short (134.09). Price above 36 SMA? (yes) long (yes) 2. M2 RSI oversold? (yes) M2 confirmations (yes) Daily pivot hit?: (yes) Exit 9:59 (133.03) Reason: Stop hit. Loss (6...

Today April 3 2007 European Session: (Live Futures) 10: 00 GMT +1 Trade 1 Summary 1. Price above 36 SMA? (yes) long (yes) 2. M2 RSI oversold? (yes) M2 confirmations (yes) Daily pivot hit?: (yes) Stauts: Long at 134.09 jjrvat

Today April 3 2007 European Session: (Live Futures) 9: 34 GMT +1 Trade 1 Summary 1. Price above 36 SMA? (yes) long (yes) 2. M2 RSI oversold? (no) M2 confirmations (no) Daily pivot hit?: (no) Stauts: Waiting for setup to go long jjrvat

Today April 2 2007 US Session: (Live Futures) 19:20 Gmt + 1 Closing Day. Summary Poor market conditions and average trading 1 trade. Rating: Average Trades: 1 Winners: 1 (4 pips) Direction Forecast for long or shorts: 5/10 9:30 – 10:30 Shorts. Not really 10:30 - 13:00...

Today April 2 2007 Eur Session: (Live Futures) 12:08 GMT +1 Trade 2 1. 12:08 (133.92). Price below 36 SMA? (yes) short (yes) 2. M2 RSI overbought? (no) M2 confirmations (no) Daily pivot hit?: (no) Comments: Horrible morning for trading Status: Step aside until USD ISM...

Today April 2 2007 Eur Session: (Live Futures) 11:12 GMT +1 Trade 1 1. 11:12 (133.91). Price below 36 SMA? (yes) short (yes) 2. M2 RSI overbought? (no) M2 confirmations (no) Daily pivot hit?: (no) Comments: Price broke M10 36 SMA for the 7th time in the last 3 hours =...

Today April 2 2007 European Session: (Live Futures) 10: 43 GMT +1 Trade 1 Summary Entry 1. 10: 22 Short (133.93). Price below 36 SMA? (yes) short (yes) 2. M2 RSI overbought? (no) M2 confirmations (yes) Daily pivot hit?: (no) Exit 10:43 (133.89) Reason: Hit Pivot point...

Today April 2 2007 Eur Session: (Live Futures) 10:22 GMT +1 Trade 1 1. 10:22 (133.93). Price below 36 SMA? (yes) short (yes) 2. M2 RSI overbought? (no) M2 confirmations (yes) Daily pivot hit?: (no) Status: Short at 133.93 jjrvat

Today March 29 2007 European Session: (Live Futures) 12: 00 GMT +1 I'm not trading until monday Reason: Testing new charting software jjrvat

Today March 29 2007 European Session: (Live Futures) 16: 47 GMT +1 Closing day. 0 Trades Reason: Testing new charting software jjrvat

Today March 29 2007 European Session: (Live Futures) 11: 44 GMT +1 Comments: 1. Missed 3 perfect trades because I was out of my office .... 2. Busy ... Closing day... at least until the US open jjrvat

Today March 29 2007 European Session: (Live Futures) 10: 28 GMT +1 Trade 1 1. 10: 28 Long (133.81). Price above 36 SMA? (yes) long (yes) 2. M2 RSI oversold? (no) M2 confirmations (no) Daily pivot hit?: (no) Status: Waitng for setup to go long jjrvat