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I am really hopeful that more and more of those people get a trading account as soon as possible and add some liquidity. I stole that one.

So this is like Coinz's system on eminies, right? Just greedier (1 pt instead of break-even). jk :D

Sok, I don't really know what's going today either -- was hoping someone would comment on today's action in the dollar.

If you all are wondering where the volatility has went . . .

What else would I be espousing, if not complete faith in the fallibility of mankind? :) But I understand you view the markets a certain way which aligns with the tools and manner with which you trade, and I do the same as well -- our schemata of the markets are in the end just extensions...

Yeah agree with you there, emini's shift gears much faster.

"I once believed in FA, but made all my money using TA." "I started out reading TA books, but finally figured out a real edge using SA." etc etc etc Fundamental analysis, technical analysis, statistical analysis -- do you guys see the "trend" here? The bottom line is, whatever form the...

I dunno, but when it comes to intraday time frame the "feel" of the tape is 75% of it, at least the way I see it. Feel free to disagree, I ain't listening :)

I think the direction this thread is going is the manner in which we deal with apparent trading issues. Examples commensurate with my pre-amphibious intellect would be: 1) Telling a trader who has recurring "blow-up" days to limit his daily losses to X%. 2) Telling an impatient trader...

Maybe ask the Japanese? Or is their economic malaise an anomaly? Can anyone here explain the concept of a liquidity sinkhole in laymen's terms?

Why would the future be worse, and for whom? Markets and techniques may change, but people never do -- the one thing you can count on with the human race is that they will always want more. If it gets to the point of a pack of tigers tearing each other apart over a single fawn, so be it...

I ran 1200 to 75k in about 6 months on gold and silver minis last year, so anything's possible. It went back down to around 2k a couple weeks after the peak, so make sure you at least buy the friggin car when you can, ok? :D

I went through the following cycle several times: inconsistent results from intraday trades lprompted me to a) avoid pushing trades in that time frame (increase selectivity) and b) reducing trade size. Profitability then becomes more consistent; confidence returns to the method/time frame, so...

It would only make sense to watch spot if he is getting "true" market quotes, the re-quoting on most spot retail dealers won't do much good. The futures are still preferred market for executions on the majors for the typical individual.

Isn't friends and family account just the ability to manage multiple IB accounts from one TWS, rather than managing a single account with varying proportional ownership?

Well, you may as well ask where is the edge in trading anything if you want an explicit answer to that, but successful scalpers exist in all other markets so why not currencies. Granted, the liquidity center for forex is not on globex, but the arbs maintain more than enough liquidity/tightness...

I don't trade spot only futures, so maybe I'm confused. But how did you arrive at 126% APR for AUD/JPY? Are you calculating return based on net gain/pre-leveraged capital?

Sorry, but I don't understand the concept of infinity being definable for just the "long" side when it comes to pairs of currencies -- JPY can by definition go up to infinity, right? And yet you are a short it, long aud/jpy is same as short jpy/aud no? In any case, it takes far less than...

Who can say? But perhaps another scenario more pernicious to your methods in the (very) long term is the gradual convergence of world currency rates towards 0; worldwide recession/deflation causes competitive devaluation and incessant easing from all central banks as liquidity sinkhole goes...

I noticed you mentioned you've been working with this system now for a few years; coincidentally, AUD/JPY has been in a steady uptrend in that period. But from 97-01, that pair stayed in a relatively steep downtrend -- how much of a direct impact does the directional trend of the pairs have on...