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I could have made a least 50 pips with that short AUD/JPY trade, too bad I bailed out too soon.

Interesting research, thanks.

Pffff... And who do you think loans the money to these big players so they can pay you...? Me of course :p

Obviously you have no business trading, but please come back in this forum when you are ready.

Yeah, sure. :D But freaking mainstream media will never tell you that this "investor" probably bought $16.6 million worth of PUT options at the same time and at the same strike price, so he/she is fully covered. And then, days later, they will ONLY show you the "winning" side of this mega...

Yeah right, try to move just a couple of million US dollars via Bitcoin (or other similar online payment processors) and see if your transaction is still "anonymous"...

Theoretically you are absolutely correct TradingJournals, but buying bottoms and shorting tops is extremely hard to do consistently. It is much easier to just follow an existing trend and capture the "meat" of the move that way. Just my opinion though, the astute trader can make money...

You are quite welcome. Yep, expect some serious action on the Yen tomorrow, so do your "homework" and get ready TradingJournals, and all of you Yen traders out there... :)

Good, that's the spirit, a little sense of humor here and there does not hurt :)

Jack, relax, where is your sense of humor? :)

The only event that could possibly reverse the Yen is the very important Japanese Gross Domestic Product report, due tomorrow (November 13) at 6:50PM New York time.

Here is the chart.

That trade went exactly as predicted, but like a moron I forgot to set up a price alert on my Forex platform! Now the EUR/GBP is at 0.8455 and I could have made close to 4 grand but no, too busy doing something else. Xelite777 (that's me), you freaking idiot! :mad:

I think you are missing the point. What Yukoner is trying to accomplish is simple. Let's say my trading system is as follows, this is just a simple example : "Buy when the price is above its 20 period moving and the R2 pivot point, AND the distance between the entry point and the R3 pivot...

The stop-loss, your exit and your optimal position sizing are all determined by the rules of your trading system. Of course If a trader has no clear, predetermined and backtested rules then he has no business trading in the first place, period. You cannot initiate a trade and then later say ...

Right on the money, a pleasure to read that kind of comments! :)

Pfffff....Zero risk is for amateurs, I trade with below zero risk, in other words the market PAYS me instantly when I initiate a new position. In fact, the market is the one taking all the risks when I trade, try to beat that Jack :D

Good decision, as you can see EUR/JPY just hit 133.50

First of all, how do you calculate the value of A, C, D since it is never revealed in the book?? The author even wrote "These variables are based on our own proprietary research, the process of which I won't share with you except to say that the ACD values are based on the volatility...

The ECB decision and the Non-Farm Payroll report have left the market unstable, it will take time before we see clear trading signals again.