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The same people gravitate towards the same strategies. They don't just want money, they want easy money. But hey you never know, yen might be starting a multi-year move lower, making you look like a total genius for the duration. And let's face it, the name of the game isn't to make money...

I think natural market forces will cause such action to occur, as stops are generally left in the same places and tend to cascade against each other. All it takes is a single undercapitalized trader that is forced to sell into an illiquid market (eg, ecbot gold or silver market after pit hours...

If GBP gets stronger, the pattern will probably work. If it gets weaker, the pattern will probably fail. My best guess. Whether you make money off the pattern is an entirely different question altogether.

This was a good thread -- I would ask the mod before things get out of hand to just delete the posts that don't belong or are outside the topic instead of shutting it down. Thanks.

"Decoupling" -- that's got to be one of the better euphamisms out there :) But seriously, about that "very complex issue" -- do you really think the dollar doesn't have other issues to deal with outside of crude oil, and vice versa? Outside of the fact that any commodity that is priced in...

To be honest, I wouldn't get very excited about 8-15% per quarter on an individual account -- you'd need to have quite a long track record for anyone to take note. As for trading for others, make sure they know what they are getting into. But before that, make sure YOU know EXACTLY how...

What if EUR just keeps breaking down technically but your fundamental picture remains the same or gets you even more bullish? Are you going to let the technicals tell you what to think, or are you going to use adverse price action to your advantage as entry points?

Drawdown, I think most on this forum would bet their left nut that you don't file as a trader and never have.

Buying dips based on fundies while using support/technical levels for stops might get confusing after a while . . .

Ok, so you keep buying the dips -- where will your stops be?

Ivan, when was the last time you saw coinzy recommend a position that would result in negative carry and daily interest withdrawals from his account? It's that simple really :)

Pennies in front of bulldozers -- either you won't live long enough, or you'll live too long :(

Take a flat account, put the same 2 stops in the same place and you get the same result. Your welcome.

I completely agree, just can't seem to convince the wife :)

Trading is also unique in that one can find himself making 7 figures one year and zero or negative the next as the market shifts. To those of you who think you've "made it" after your first million, think again, keep thinking, stay on your toes, and never take your eyes off the ball.

chiyodasushi is right around the corner if that's up your alley, highly recommended.

calvanico?

Doesn't a broken bat qualifies as a crab, a broken crab qualifies as a butterfly, etc etc?

Geez, ease up on the porn dude :)

Yeah I know the feeling, was gonna chase the euro up the second after NFP but I remembered who was behind the holocaust, so figured I should go short instead. But that meant going long the dollar and how could I given a hundred years of insitutionalized slavery. I did the only thing I could...