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I trade it most actively between 6 and 10AM UTC, but US session also has good swings. Asian session is usually not worth trading, unless something happening that causes an exceptional volatility.

Bigger timeframe chart for my previous post in this thread.

...and another one. Little 5m EURUSD channel formed below the previously broken bigger time frame trendline (file attached in the next post). But action was not perfect so I waited for an extra confirmation before entering and had to sit through some chop after, but turned out not bad. :)

Simple price action trade from today. Euro tested the resistance, failed to stay above it, so I went short.

Read Taleb (though he was not the first, who said it). Any scalable profession has extremely high failure rate, not just trading.

All of them, starting from 25 tick (not exactly the TIME frame, but anyway) and up to yearly charts (not to say I take a look @ them often, but anyway too).

..and some even in realtime! :D

Livermore blew up when he didn't follow his own rules, not when he did. :) Stops may not be the absolute defence, but they perform their function very well (again, for me, probably not for everyone).

Yeah, my trading philosophy is being very "tight aggressive" (applying a poker analogy here) in the sense, that I try to get in as early as I can with the smallest risk possible (normally, hard stop is never more than 6 ticks and usual losses are even less than that). #3 was beautiful indeed...

Oilfxpro: I called 3 trades today as well (didn't trade yesterday), all with initial stops in the range of 6 pips (would require even less heat after the entry), all realtime for a total of +40 pips. Check them out if you are still interested. :)

Euro is rich today for textbook price action setups. :D

Another simple and profitable PA based trade occured.

Not the dream trade of my life, but still simple profitable price action. :)

Stopped it for the same reason. Trading, twitting and keeping a few journals in different places was way too much. To keep myself objective (journals help it a lot, because it feels very different, when people watch your trades) I find twitting and having a journal @ my own site to be enough...

Yeah, IMO it has something to do with IDEALPRO's liquidity stuff and the nature of IB's stop orders. It slips on me too as opposed to "suspicious" dealer-type broker Oanda, which almost always gives me guaranteed fills (with rare and not significant exceptions). So my choice now is IB for...

Ditto. I cherry pick them all too. Because quality entries do matter! :D

Yup. Probably rip-offs do happen somewhere sometimes, but my personal experience does not confirm the theory that they are any significant factor for a trader's success/failure. If you can trade, you will notice rip-offs very quickly and simply change the broker. And if you can't being or not...

As for quants, history proves, that, unfortunately they often control risk only to a certain degree and are almost naked and unprotected in the face of 4 sigma events. I witnessed such sad cases personally in 2008/9 and those quants were smart, extremely smart, way smarter than I am. :)

In my experience, most discussions about stop-losses etc. are more psychological, than technical for the following reason: institutional money does not have this dilemma anyway, they simply trade the way they know and don't discuss it on the Internet, so these discussions happen among retail...

Arghhh, now you gave away my holy grail! :D