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I have been getting whipsawed by the GBP/USD lately, anyway looking to jump on a short if market reverses to the downside. My long would have worked out if I did not get stopped out. I almost think it may be better to average down once if you get direction right instead of taking standard...

I still have a problem with taking my winners off before they hit my target price. I did it 2 times today, and both times they would have hit the target price. I am getting angry with myself. Anyone else with this problem? Any advice to stop doing it?

Think about switching to currency futures as you increase the amount you risk per trade. At higher amounts, the forex brokerage has more incentive to run your stops which does not happen in currency futures. Remember you are going to have more stress when trading full time, so you need to...

I have no margin on my stock account and cash built up. I plan no more long trades till Nov 2009. Market is high, can it go higher, sure... but I have 2 choices, go long and lose money, or stay out and not make money. I choose option number 2. This is for longer term swing trades only...

Yes, I agree if you are trading futures or forex, a hard stop is a very good idea. If you are trading stocks based on a situational event horizon, then I think you should not have any stop. For example you are waiting for FDA approval. The MM's are going to be stop running. Your stop is if...

Yes, the higher number of points you want the lower win% that you need to make a profit. I agree one of the problems is not wanting to take a loss, so as price nears your stop, you may lower it and/or average down in the hope price will reverse to either a profit or break even. Just like...

I guess what would be more accurate is that standard TA does not work. However, advanced TA especially stuff you start to develop yourself can and does work. The problem then comes can you follow your own system? Can you take the losses when your stop gets hit, and let your winners run to...

That is a great chart. Now, the question is since we keep banging up here, will resistance break or will price again fall back down. Personally I expected a bad Oct 2009 month, but maybe that is why they are tricking people and bringing the market higher this time.

"I believe I should start placing my orders just a couple ticks inside where I’ve been calculating reversals or pullback continuations and see if I don’t have better luck!" Yes, that may be better than trying to chase after it misses your limit order. A few ticks should not cause you to...

I think trying to understand what type of day is very important. Is it a range or trend day. Also, did it change later in the day from trend to range. Once you are pretty sure what type of day you have and what direction market is going in, then take your signals. If you get stopped out...

I am break even for the day, had 1 loser and 2 winners. Main problem for me is I have around a 2 point stop loss, and I need to go for at least 2 point wins. Both winning trades would have made 2 points. All were longs, so really I should be up $ 100 for the day. I need to stop killing my...

Damm, you are on fire with good advice lately.

Good day today for me. I just still have problem that once I win on the 1st trade, I stop taking real money trades, and went to demo where I also made money. Of course if I lost on the 1st trade, I would have tried another trade with real money assuming I felt I made a mistake on the 1st...

So its sounds like you made changes to your system hopefully for the better. Should you not just close your current system on C2, and start with the new system?

Well, if you are learning to trade, there are some good threads like Jack's. There are many trolls who will try to ruin the threads. Also, as noted there are reviews of brokerages. I am going to share something now that can make many people money or at least keep them from losing money...

Oct is a bad month. I would look to buy puts not sell them since trend has changed to negative. I am not guessing that we are now in a bear market, price HAS made lower lows. We could fall another 200 points or more on the S & P. Remember smart money is aware of the seasons. There...

If 1026 holds, then this could be a range afternoon of 1022.50 to 1026. Here's a possible trade, set a buy on break of 1026 for example, 1026.25. If market hits 1026, and falls back to 1025, then sell 1025 and target 1023

I made 1 point on my short today. Could have gotten more. I was going to re-add at 1026 with a stop above that high if it did not move in my favor. I was gun shy after the loss yesterday so I pulled trade before target. I also think I got in a little late, I should have tried to short...

Good trading, I got within max loss of $ 200 and took a loss of $ 175.00. Main problem is that when market bounced off of around 1029, I thought it was low of day, and took a long which I averaged into which was against how I am supposed to trade one of the indicators that I use to help me get...

Took close to my max loss of $ 175 for the day. I am glad that I stopped when I approached this loss. Trade was killed as max loss ($ 200) was approaching and the add on did not work. Market trend was negative for the day, and I tried to trade against trend. I thought we put in a bottom...