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OK so when would you begin taking profits? Say for example you have a stop of 2.5%. I'll look into the trailing stop methods.

Mike, I have thought a lot about exits. That was a long post so I kind of skimmed over some stuff. Here is my basic exit strategy. I will identify likely resistance points based on past action and take partial to full profits there. This point must be at least 2x risk. I may hold for...

I've been having a grand old time tonight scalping around my USD/CHF short, picked up a whole ten bucks tonight! YEEHAW! I'm always mantaining my base short position and then trading tiny lots around it. Good fun. I'm developing my stock trading method. I am going to swing trade. I...

Since Esignal is here I have a question. I used your free trial for a few days and then cancelled it. I got billed $100. Is this normal?

I would say the 2nd one is the random chart. But even on this chart money is to be made by trading breakouts from consolidation. :)

Ended the week with my forex account around $130, went short USD/CHF near the end of the day. I plan on on holding this trade for longer than I have been. The main problem I am having with currency is when trading off the 3 hour charts, I have no problem picking winners but I am usually asleep...

I keep a journal that tracks my progress as a trader, mainly because nobody I know in real life gives a damn about trading. Gives me people to talk about trading with more than anything. When I told people I traded E-minis they looked at me like I was a loon, or they told me that I was going...

My stop got taken out, of course price reversed and is currently rocketing towards my target. :mad: I was asleep so I couldn't get back on board, this is the downside of the 24hr thing. Just shorted Eur/Aud 1.6994 stop 1.71 target 1.68

I'm going to keep trading the currencies, but 3 days of success doesn't mean much. At this point I will just keep trading my little old account until I really get the hang of it. If and when I think I've got it I might consider sending in a little more dough, in the meanwhile I would also like...

I am thinkin again of trading stocks. The PDT rule is a pain in the arse, but I could do some position trading. There is no sense in letting my 2k sit idly, and I am not going to send it to the currency account. I have been looking at weekly and monthly(!) charts and have been seeing some...

I don't have a target set in stone. I take small profit all the way up so it it turns against me I still do good. I'll be taking heavier profits around the 1.0933 range as this is the previous high. I'll be watching closely when it reaches this area, assuming I am here, and will decide then...

Long Eur/Usd 2500@1.0883 stop is 1.0829. Comes out to about 10% risk.

No I determine my stop loss, and then use that to figure how many $ I should trade so I am risking max of 10%. Update, just closed a Eur/USD short puts me at $131.

Thats right. I know it ain't much, but right now I'm doing this for education, not income.

I have to go to work now, but when I get home I will post some charts. If you want to chart surf in the meanwhile, look for candlesticks that fit in with the trend.

No I get up to 30:1 leverage. My positions so far have ranged from $500-2500 depending on how much I like the setup. That is why I like forex, crazy leverage, but you don't have to use it all if you don't want to, unlike the minis.

Howdy Sempai, Sorry to see this. Maybe you should consider dropping the range trades?

Closed a Eur/USD overnight long, account up to $125 now. Big bucks baby. I checked out the original turtles site last night and realized I have basically been trading a turtle strategy. That is encouraging! Mine is on a shorter time scale but basically the same entry rules. I'm going to...

I opened the account on Friday, so 2.5 trading days. Now if I can just maintain this for a few months. :) My stops are usually around 50 pips or so, with targets 2-3x. Most trades last 6 hours give or take. I've had a few good trades go bad, but that isn't a big deal, because I take...

Howdy, I am liking the Forex very much. My $50 has morphed into $117. :) The style of Forex suits me very well, nice slow trends with predictable breakouts. I trade off a 3 hour and daily chart, with a 30 min for entries. No indicators, MA's, anything. Just price. I check back every...