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On this note a major flaw that has crossed my mind is this: A holder of large amounts of bitcoins is a prime target for real criminals. The kind that put on cop clothes and raid your home.

I personally am profiting from it, by selling a product I already manufacture in bitcoins at an inflated price and then converting immediately back to dollars. Lots of dumb money changing hands here.

I really think all the mudslingers here really need to define scam. Or maybe post an example of a non scam educator for comparison. I have been utilizing my lifetime package I purchased from Austinp and the material really is excellent. No outlandish claims either. Calling him a scam without...

Yes, fwiw. I think this whole thread is silly though.

More and more I am realizing the value of having a mentor in any area that one desires to improve upon, trading included. I have done the hard knocks thing enough to realize it isn't the best way. The trick in this industry is finding a good one. That is made even harder than it needs to be...

I took Austinp's course a couple years ago. I thought it was excellent and he did call profitable trades in real time. It didn't make me profitable but that was due to my own personal issues. I'm sure he would agree that there is more to.trading than a method. I was too fixated on methods to...

Short AUD.JPY 80.12 SL breakeven target 78.82

Flat, scalped a bit around the position, made some good $ Not interested in reentry right now

This 15 minute hammer looks real nice at this trendline. Added a bit to my short, you can see my stop loss at the red line, moved to breakeven +1 pip.

Well this has worked out great so far. Price has fallen all the way to the breakout point from earlier today. The daily bar has closed as a pseudo hammer candle and if it can take out the low of that bar I just might catch a runner here. Trailed my stop to lock in a little profit just to...

1 hour chart: You can see it is at the 50% fib now of todays up move. If it can show solid weakness below this level I will be really happy. The squiggly lines on the bottom frame are the relative strength of the major currencies. You can see that the USD is just starting to turn up...

I don't know if you follow SSI on fxcm. They release their traders positions twice a day. Right now their traders are short at a 3:1 ratio. Generally speaking, their traders are wrong so it makes a good contrarian indicator. Of course sooner or later they have to be right... Anyways if you...

Just a note, I was extra quick to get to breakeven here because it is countertrend, gotta be careful going against the flow. Not something I normally want to do but this trade really appeals to me on the longer term charts.

OK short AUD at .9422, scalped a rather large position for my account size a little bit at a time, stop loss to breakevenish now, gonna see if this breaks. Thats my approach, to scalp entries with low risk, move to BE, and see if I can catch a big move. I got in just under the hammer...

Since I dropped the poker I'm gonna be adding a few pairs to my watchlist. Looking to short AUD/USD this week, unless it comes through with a breakout here. Not quite ready to enter yet but getting close.

Decided to drop the poker. It is taking all my computer time because I always go for the quick money when I have a few minutes to spare. Gonna focus on the trading now, think it will be good long term. Will be posting some thoughts on the markets the next few days and some positions I am...

Here is an example of the candlestick pattern I like that I haven't seen a name for. It is a big range bar with a big body that is followed by a small range bar near the previous bars extreme. In this example it would be a short signal when the low of the 2nd bar is broken a few bars later.

Here is an example of the types of trades I'm looking to make. The two red horizontal lines I drew off the monthly charts as strong support. Price bounced of them and then broke a trendline. Finally we see a pullback followed by a bullish engulfing bar, marked with the red up arrow. The...

Trading style: I take entries off candlestick patterns. I pretty much only trade engulfing bars, hammers, inside bars, and a pattern I have noticed that I don't think has a name. I'll put up a picture of it later. The candlestick signals must be in line with other factors, such as fib...

Let me explain the title. Here is the last 10 years of my life, the short version. -28, married with a couple little kids, lots of fun. -Multiple attempts at trading everything. Always busted my small accounts, except the last 2. One was my keystone trading account. I was up small...