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Look there! 385% and still he needs the acknowledgement from us to make his accomplishment real. It's obviously not about the money folks, so come here to get what you need! 385%?? Holy cow, how can you even think about quitting? Tell me you don't have a day job, please!

Can't wait! Remember to stop-and-reverse what you think the market thinks greenie wants to happen, then do the opposite.

Gotta love all these threads on forex as of late, real quality stuff. I especially love all the "how long can I sit in this drawdown before I can go and brag on ET" posts. Figured we could just have one easy place where you can all come to get your egos stroked. No stop-losses or...

So now what -- if you didn't manage to start building a long position yet, do you just let the trade go if we don't retrace any further?

When you say "react predictably", do you mean 'by the book', or just that you were in sync with how treasuries were moving in response to incoming data these past few weeks? I know currencies have a tendency to move "as expected" one report and then go opposite of textbook the next. But to me...

You really consider this trade to be in the same vein as the post-London bombing? It's the exact opposite opportunity here.

Well of course, there will be a point in time after the gdp release that the euro will be either higher or lower by 100 pips. It won't be from the gdp itself though.

Probably nothing more than 20pip up or down, and will likely reverse that move in about 60 seconds.

Looking at his recent record, toro has a knack for catching some nice turns in the euro -- unfortunately most of the moves are going the opposite direction of the thread titles :(

re: consistency, I've had my accountant write a letter which stated average income over past X years to smooth things out if necessary. However, just showing a certain amount of cash in your bank or trading account did not make any difference when I was applying for apartments.

Why do people bother trading if they seek 100% risk-free opportunities? They're called treasury bonds, buy 'em and check your balls in at the front desk.

Why is that? Volatility? Most profitable = most dangerous as well, no?

Exactly why I say it's kinda late -- would have been a very nice trade to enter 9 months ago. But now? Where would you set your stop? Can you sit through a spike as large as the one in December?

Kinda late imo.

There's always a reason to justify a position; the question is how long would you hold if the position goes against you.

Trading forex is pretty easy, just google the mechanics of it.

100+ at least, but who knows if it will stay.

Isn't it kinda hard to model where and how hard Rita will strike? I think they use the biggest and fastest computers in the world for stuff like that, and they still can't figure things out beyond a day or 2.

Either your initial positions are far too large for your account size, or you have a habit of averaging down? If you are starting out with relatively small account size but have ability to generate very large profits in short periods of time, you might be better off periodically sweeping...

You mean place a trade that actually adds more money to your account than it can subtract? Let me screenshot this gem before you delete it please.