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Really? Here are two Yen pairs: USD/JPY and NZD/JPY. And yet on the hourly charts they currently have a 0.5% correlation. Please stop throwing out half-baked "facts" just for the sake of contradiction. Another "fact" from Mad Magazine, I suppose? :D Yeah, you wish.

Yes. The two pairs mentioned above were positively correlated at more than 90% on the daily charts during the last 200 days. Now dare to contradict that too, Mister I-Know-it-All-And-I-Am-Better-Than-You.

You think so? During the Great Tribulation... "you will find no place to hide; there will be no way to escape." Jeremiah 25:34

I almost forgot to tell you, shorting EUR/JPY and buying NZD/JPY at the same time and on the same time frame does not make sense, as these two pairs are more than 90% positively correlated on the daily charts. The FX trader should always check the correlation factor before initiating trades on...

Does not seem like a real breakout to me : low volume during the "breakout", small quiet candles. But let's see...

Well, like I said before, the NZD/JPY is testing the breakout line on the 4H chart. And as you can see, the support line is holding (at least for now) so the odds are in your favor, assuming your stop is not too wide. This trade should bring at least 200 pip profit, if all goes well...

You mean you are using 0.5% of your trading capital to short more EUR/JPY at 140.47?

Losing $10,000 is easy. But losing $10,000 without first making $10,000 IS the real challenge! In other words, if OP make 10K first while attempting to lose 10K, game over, mission not accomplished! This should certainly add some spice to this challenge and render the game fair and...

Stop has been moved to break-even.

Sell short EUR/GBP on a limit at 0.8165, 20 pip stop.

Big banks (and the banksters behind them) do not even need to trade or form traders, they make an insane amount of money just by existing, using the biggest legal Ponzi scheme on earth : the fractional reserve system. http://www.youtube.com/watch?v=eWl7Mb49vSk

Oh boy, trading during the Asian session is like watching grass grow, yawn yawn... I am going to watch a Peter O'Toole movie on my computer or something.

An ET member with a good sense of humor, I like that. :D Best of luck Lotto :) P.S.: Expect a great deal of pure BS from the usual suspects, of course...

I have a limit buy order at 171.65 on the GBP/JPY, 47 pip stop. No, unfortunately. But currency futures, yes, even though the volume on the futures market is almost useless for trading the Forex market. Be careful, small stop loss like that (10 pips) are deadly in the long run, unless your...

The same logic applies to the maximum drawdown of a system, you know that and I know that. I used the average monthly drawdown in this example simply because they are more frequent (waiting for the max drawdown could take years). Well post your own cannot-fail Forex trades then, and show us...

Ok, forget about maximum drawdown, let's just use the average monthly drawdown of a winning trading system (system X). Let's say that this average monthly drawdown is 100 pips. When system X reaches a 100 pip drawdown on any given month, would you bet even money that it will reach 200 pip...

Looks like the CAD/JPY is forming an ascending triangle on the 15 min chart. Usually this type of formation appears during an uptrend, but in some cases it could simply signal the end of a downtrend...

Don't even get me started with the GBP, this low-life punk does not respect anything! He does not care about trendlines, support and resistance lines, Fibonacci levels, pivot points, NOTHING, he will first create tons of false breakouts ("Peekaboo, I am here, follow me this way!!") before...

The Euro is clearly losing steam against the buck, on almost any time frame, so the keyword here is SHORT. I do have a (still not confirmed) possible short trade on the EUR/GBP. I hate this freaking pair though, it moves in a very weird way most of the time.

Seems like a reasonable trading decision.