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Hi MadeMan, There is no clear "breakout" here, so what's this all about? Unless someone, somewhere is trying to dump a million shares of AA at our expenses, here on ET and elsewhere...

Then some books are obviously missing from your trading library, my friend. Pfff.... Neal Strauss is my student :p

Dear Maverick, a code is simply a computer program (written in C++ or Easy Language for example), not some mystical trading secret from the grave. :p

Not quite, Redneck. I have read over 300 trading books over the years and some of them (less than 3% unfortunately) do provide the trader with fully (profitable) backtested trading systems, complete with their TradeStation code. The rest is just subjective crap that you cannot backtest...

Compared to the US dollar, some currencies are almost near zero, so to speak. For example 1 Vietnamese Dong = 0.000047 US Dollar Here are some of them (slide show)... http://upstart.bizjournals.com/multimedia/slideshows/2008/03/Worlds-Most-Worthless-Money.html

Well, if you pay 50 or a 100 bucks for a trading book, you do expect to learn something, unless you just like to throw your money from the window.

The 1h chart of the USD/CAD, of course. By the way, on the daily chart the loonie is forming a nice triple top...

Photoshop version CS6, I believe? Just kidding.

This has nothing to do with scalping, even though some individuals do make a living scalping the market all day.

I have already said too much. But I do hope that one day you will finally understand that trading is not about catching mega trends or being right about the direction of the market, it's all about making money at the end of the month/year. So while you are sitting here trying to figure out...

You want to make money or chase "strong" trends? You want to get laid 3 times a week or chase Claudia Schiffer forever? :cool:

You are right, a strong trend will almost never pullback and give you a chance to hop aboard. On the other hand we simply cannot buy (or short) a financial instrument simply because it's moving "fast", the false signals would kill us. So the solution is to look for medium trends, the ones...

The fastest and easiest way to blow up ANY account: Open and close a position immediately. Do this all day until the spread and/or commissions empty your trading account, one "trade" at a time. Guaranteed .... or your money back (mmmm....maybe not)! :cool:

Some common sense, at last!

No problem Vienna, we know that you will be too busy making 10% a week with Jack Hershey "system". But please do send us a post card from your yacht in Marbella (Spain), Nice (South of France) or Nassau (the Bahamas), when you have a chance. Thank you.

Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah, Blah... Piezoe, repeat after me : the Fed IS the problem! Again : the Fed IS the problem! One more time ...

You mean like making 1% on Monday and losing 79% on Tuesday? Vegas, here I come! Enough of this nonsense.

Ok, let's get something straight here : compounding or not, NOBODY can make 10% a week consistently! Not even Soros or Warren Buffet!! I will repeat that again: NOBODY can make 10% a week consistently. The biggest hedge funds in the world cannot even make 10% per year on average and...

+40 pips ($360 profit per standard lot, in 2 hours), closing position :)