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What is not the case? You mean to say there was more direct intervention in DM and CHF markets then also ? Will you please give an example. I started trading only in 2009 and all the knowledge that I have about the markets before that - I have acquired from books/study and talking to senior...

Yes in some cases, you have politics affecting fundamentals which affect price action and market dynamics. Soros reflexivity comes to mind. It has always been the case especially in currencies - where CBs have long had a tradition of impacting prices, be it coordinated G-7 intervention or other...

At least spirits of attackers will go up. The way I see it - sometime maybe withing next few months, peg will be attacked. The guy who market used to fear is no more, now all they are left are bureaucrats. This is my perception - I don't know much about guys at SNB though.

Given what I have seen your historical performance, you might actually get your goal. Do you envision this journal as primary for your own improvement/record keeping, or you are also open to share some ideas ? Because I could never understand your charts :)

Yes, a more organized thing will be good - Obvious suggestion that comes to mind is you get into an office with like-minded 2-3 guys and work as a team. Share every strategy/idea and build on it. Grow together. 2nd way could be become a lone wolf and develop everyone yourself sitting in your...

Brass, First good thing - you are asking good questions, but it will be helpful if you can ask questions more nicely. You are coming too direct and looking at that you have just joined ET and you are communicating with a 15yr+ trader who is also a ET veteran, it doesn't hurt to have a bit more...

Even Paul Tudor Jones won't come in that 2% (he blew up 3 times in first few years of his commodity trading if I remember correctly). I will say the percentage of people who are naturals among successful traders is probably less than 1 in 1000 so 0.1%. MBC - If you want to learn, its a long...

Update for week 23 ending Jan 6, 2012 : -200$ for the week. Would have been up +800 USD for the week, had I not traded ES and some other tiny futures again. So, same story repeats itself. For everyone who reads my journal, please check tomorrow. Among all this gloom and doom and serious...

Update for week 22 ending Dec 30, 2011 : +300$ for the week. Didn't post last week was in holiday mood, and was reading the book Trading in the Zone. Also did long pending analysis of my performance for the last 5 months, which I plan to post tomorrow. I must say that analysis was very...

nice setup. I am honestly surprised that you use only 1 monitor. But then you have been at the game for more than 2 decades, most of the things would be 2nd nature to you by now. Not for us toddlers who are still new and need a little more space to organize :)

you don't have multiple monitors to support it ? Really! how do you keep track of so many markets then. surprised.

One more chart for you. As you can see nothing special. It just has volume and 20 EMA. I am not an indicator guy. Again, sorry to disappoint you, but this is what I have.

Nakachalet, I honestly don't think posting my setup is going to be of any use, simply because there is nothing in it other than bar chart of prices. But since you insisted, here you go! The upper left graph is AUD Daily, lower left is EUR daily. Middle graph is Euro 5 min, Upper right is Euro...

Bought 1 million EURCHF at 1.215. Order to buy 700k @ 1.2105, 800k at 1.206, and 1 million at 1.202. Stop 1.5 million @ 1.195 and rest at 1.19 (If stop gets hit, will lose around 50k-60k out of starting balance of 100k) - But risk is ok since stop won't get hit :) HAHA

I trade only from my laptop screen, I am going to buy another monitor in next few days. Will keep the papertrader always on that platform. Not having another monitor has always been a big reason for not being able to utilize papertrader properly. Having papertrader and live system on the same...

Yes, ultimately how many dollars I am making should definitely be a part of proving to myself that I am good to go for live trading ES. Its a great idea. So, let me add it as condition # 3. 3. I should be able to double the account from 5k to 10k along with other 2 conditions I wrote...

I have a feeling that I might be able to achieve it, looking at 1/2 point win for 2/3 point loss. So inverted risk:reward ratio. If after 3-4 months of sim, it turns out to be pretty steep to achieve, I will reduce it. For now, Planning to take that 1 trade per day or maybe 2 trades in a day...

Thanks ammo, very insightful, especially about the last 3 years downbeat affecting my psychology. I am going to print this one out and post on my table. I am sure I am going to break out of this boom and bust cycle and reach the status of a consistent profitable trader very very soon.

Couple modifications before I can start trading ES live again: 1. I must make money on at least 18 days out of 22 days in a month for 2 consecutive months AND 2. I must make money consecutively for 3 months in a row.

Daal, not even a college and the kind of reading and knowledge you show - I admire it. Doesn't matter how big an account you are trading, but you have something that very few people have. Keep it up! Curious, how much coin do you make from online gambling - consistently make it month after...