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You are looking for a 2 to 1 risk-reward trade that's a good start, assuming you have a good reason to short the euro yen. Pretty sure it's going up, let's see...

Then bet against me and make a fortune.

And what if his mom simply told him to pick up Aunt Rachel from J.F.K. Airport and drive her to Boston? Think about that for a second my dear Sherlock Holmes...( or should I say Doctor Watson? ) :p

Zbojnik, the Yen (USD/JPY) is forming a triple-bottom formation on the 15-min chart. Like I said yesterday, this type of formation is usually very hard to break during the Asian session, so it's your call buddy. Good luck.

Don't be fooled by the small moves on the Yen after this important Japanese report/meeting, the REAL move usually comes 15 or 20 minutes later. Sneaky sneaky...:cool:

Not sure about that one Zbojnik, I do not have any signal on USD/JPY.

Bought EUR/JPY at 141.63 30 pip stop. Let's go.

Ok, the important Bank of Japan meeting minutes is due in less than 20 minutes (7:50 PM New York time), followed by the Aussie retail sales report, so let's start with the Yen and the Australian dollar and see what's cooking... :cool:

The real question is why most ET members are systematically ridiculing any member who tries to turn a relatively small capital investment into a decent amount of cash in a short period of time? Anyway, I have to get back to my charts and see if I can find a trading opportunity somewhere.

Wait a minute here, HE is the one putting his own money and his reputation as a trader on the line! How many ET members can do this? And if he did indeed lose a big chunk of his cash with that long Nasdaq trade, then at least have some consideration for the pain this fellow trader must probably...

Hi Wrbtrader. No, all my trades are entered manually and without any help from a computer program (commonly known as EA or Expert Advisor). The only automatic part is the stop/limit BUY/SELL order itself, and of course the stop loss and the exit. Not at all, I only said we need to backtest...

But how do you know that for sure?? :confused: What if OP quickly changed his mind and said : "The hell with the Nasdaq, I am going to cancel this trade, put a 6-pack of cold Heineken in the trunk of the car and go fishing, it's a lovely day today in New York" Let's wait until we hear the...

E-mini NASDAQ 100 Futures still going down, it just won't let go...

So he apparently had a bad day, big deal. Keep in mind that this thread is about turning 10K into 100K in 6 months (or sooner), so he HAS to take big risks, there is absolutely no way around this.

Really? You really think people will hand over their hard-earned cash every single month just to get vague trading comments with no clear buy/sell signals and stops and profit targets? It does not work this way my friend. Try it and see how long you can stay in business...

Sure, but if your trading signal service sucks how long do you think it will take before your name and bad reputation are known all over the net?

Be logical with yourself, how can a trading signals vendor possibly make money selling subscriptions if his subscribers are (allegedly) not making any money?

One thing is for sure, this trader not only has ambition but he also has class.

I am currently watching 30 currency pairs at the same time, what do you expect? :D

Correct, I was looking at the wrong chart.