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.008200 is where your stops are ha. That would be about 122.00 in the spot market. Hey. It looks like you and fertonadvisors share the same stop. He said that he would throw in the towel on his 5 short USDJPY positions at that price. Looks like you have a trading buddy. :D He started...

You seem wise.

I actually thought that you were in your 20s. You are old enough to be my uncle. :D

Even though I am a forex trader, I actually read some of the postings by the stock traders here since you guys amuse me. I thought that you were in your 40s. Never thought that you would be younger than me. :D

I live in Westminster, California. 34 years old. Traded currencies for 10.5 years now. Fulltime.

I started buying USDCHF on Monday at 1.3088. Been buying from 1.3088 to 1.3135. Presently long 50 USDCHF at an average price of 1.3096. Stop placed at 1.3097.

Fighting the trend is very dangerous, Chood. How many years have you been trading currencies?

You are young, but a little wise beyond your years. You have some potential due to your enthusiasm for forex trading. Work on developing a 6th sense for the market. Be able to say, "The market is thinking about this or waiting for this. So it will do this" and be right most of the time...

The economics that I learned from my days at Brandeis University in Waltham, MA has not helped me much in the forex trading arena. However, if you do like economics, then go ahead and major in economics. The only thing I remember from economics was that no one will ever pay me what my Marginal...

1. Spot, options, futures, and options on futures. 2. I am going to let TG's answer stand.

Thanks Don.

When you say ET friends does that include forex traders who make vast sums of money?

It is a good read and should be read by all of those who desire to be the elite 1% of all forex traders. It is written by Robert Balan, the Elliot Wave forex guru. In the 80s and 90s, he had a big following among interbank and private traders in forex. Back in '97, I remember discussing...

The Alchemy of Finince The Money Bazaar The Vandal's Crown Trading in the Global Currency Market Elliot Wave Principle Applied to the Foreign Exchange Markets

CMS. My password for their demo account has not expired.

David, I do see that you continue to stack your losses on USDJPY. However, I am glad that you have come to terms with your losses. Remember to keep it. 122 stop. Have you heard the story of the teacher who had 10 years experience but wasn't hired for the job? The reason why she wasn't hired...

Riskarb is correct. This would imply that you are using most or all of your account, then using the floating profits from them to add to your position.

I made 6,340 pips within the first 2 weeks of the month that most people here know about. http://elitetrader.com/vb/showthread.php?s=&threadid=57444&perpage=6&pagenumber=12

Steve, I don't think that you are any good. You are just a member of the 99% who eventually lose in forex. Who are these reputable professionals who you refer to? Maybe you should read the Paul Tudor Jones section of "Market Wizards". Just because you are not good enough to figure out Elliot...

Here is a thread where I acknowledge to Oddtrader the trading prowess of the Citibank forex traders. In my early years, I learned much from them. If you are starting out, then by all means learn as much as you can from them. Afterall, Bruce Lee did say, "Absorb what is useful."...