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Hope you did take some profits at 3603.

Yep, and some of them are doing quite good from what I've heard...

Good morning GruTrader. Are your take-profit levels known in advance (static) or are they dynamic and depend on price action?

Thank Pinkman. Why is Forex hard to trade for you?

That triple-bottom formation on the AUD/CAD did hold after all, but that's another story.

Total so far: minus 63 pips (23+20+20).

Again, trading is not about how many trades you are winning or losing, but how much money you make per month or per year, on average, per lot or contract. PS: stop at 1.8150 was not triggered.

Closing GBP/AUD trade at 1.8180 for a 20 pip loss. I love small losses! :)

It has to be that way, otherwise even a retail trader could make money all day long just profiting from these small differences, from broker to broker, around the globe.... :p

I don't use them as trading signals, I just notice them. And of course you have to use the same charting service all the time, for consistency, otherwise you will get confused.

Nah, traders are waiting for the Bank of Japan meeting minutes, the US trade balance, Yellen's comments (from the FED) and the Bank of England Rate Decision (among other things), all due this week.

Sure, that's because we are too busy making 6%... a day! :p Anyway, let's see how it goes.

Just bought GBP/AUD at 1.82 50 pip stop.

But that's the problem right there!! I can look at any chart and see a potential of about $1000 profit each day or more, with a margin requirement of $1000. That's a 100 % daily return on investment by the way. But ACTUALLY making that $1000 each and every day is quite another story...

Well it's even worse, because if the average daily range of a contract is $600 then winning the middle of the move will allow you to capture $150 or $200 at most, assuming your system is very good. But let's go back to the basics. Assume you can pick the exact high and low of the day (the...

A powerful shooting star immediately followed by an equally powerful hammer, a rare combination that shows great indecision and usually signals strong volatility ahead... AUD/CAD (15 min chart):

You are, perhaps, confusing average daily range of a particular futures contract (in dollars) with the average PROFIT per day of a particular trading system. If the average daily range of a contract is let's say $600 , then you need to capture the whole range every day to achieve that kind of...

I understand what you are saying but my strategy is based on pure price action, on the here and now. So if the market is volatile it will automatically adjust to that new market condition and react accordingly. By the way, watch the NZD too (Australian dollar little cousin), as they usually...

What people believe or do not believe has absolutely zero impact on my trading and is the least of my worries. Now if you want to post live Forex calls you are more than welcome, otherwise I strongly suggest you find another thread to pollute. And the same goes for Drownpruf.

Well it is extremely foolish not to test your system first, and naively assume you can consistently outsmart the market (and beat the spread/commissions) with some kind of magical sixth sense, don't you think?