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This is the 5 min chart. If AUD/JPY touches the 92.33 support area once again and rebounds from there I will be buying, first profit target is 93.00. (copycat traders, trade at your own risk)

Thanks for the tip Murrica, will do.

Well, that's even better my friend, you will make 5 times 15% = 75% return on capital invested on each trade! :) Remember, if the system is currently in a 15% drawdown, it has to go to a 0% drawdown first (return to the previous equity high) to re-enter another 15% drawdown. First of...

It's called...hold on ...wait for it...INCOME tax. We are talking about the INCOME tax here skippy, not the tax on booze, cigarettes, groceries or ...stupidity. And again, there is NO LAW that says US citizens have to pay an INCOME tax: http://www.youtube.com/watch?v=hBTtS9lfW_M

Well, then show us the exact US law that says US citizens (living in the US or abroad) have to pay an income tax. We are all ears.

You could have made over 50 Grand ($50.000) in less than 3 months just by following my Forex trades right here on E.T. But I guess you were way too busy being, well, too lazy, as your handle suggests Anyway.

Well said :)

You are joking, right? :D

Why is that? Exploiting mispricing in fixed odds betting across countries has been done for years. And now more than ever, with the help of the Internet and instantaneous information...

No doubt about it my friend ... :cool:

Good post. :) Yes markets do NOT change, they become more or less volatile but that's all. The only way to adapt is to use use dynamic, volatility-based stops/targets. I lost a fortune in the Forex market during the extremely volatile year of 2008, because I insisted on using static...

Do you know that the US income tax is unconstitutional to begin with? Here are some eye-opening facts... http://www.youtube.com/watch?v=hBTtS9lfW_M

Hello Maverick74 and thank you for your feedback. Yes you are right, if a trader has a profitable trading system, it is in his best interest to take ALL the trades, without exception. BUT... Let's suppose I have 10 profitable (and non-correlated) trading systems. To make things easier...

I seems flawed because your knowledge of statistics and probability is obviously extremely limited. Here is what I said exactly : "After 20 years of live and paper trading, the maximum drawdown of System X (a profitable trading system) is 20%. Every time the system is in a 10% drawdown, I...

Let me guess, this is your sixth beer in an hour.

That's quite an attitude, just who the hell you think you are?

Oh boy. If maximum drawdown of profitable system X is 30%, then when it hits 15% drawdown the probability of going to 30% drawdown is 50% ?!?! Please go back to sleep, you are absolutely clueless on this one. I did? :confused:

Now you are talking. By the way, did you notice that unprofitable traders always blame "changing market conditions" for their failure?

Well, "ad infinitum" we are all dead. And when you are dead, knowing if trading system X is still profitable after 50 years would be the least of your worries, trust me on this one. After 20 years of live and paper trading, the maximum drawdown of System X (a profitable trading system)...

Good point. Personally I started making money consistently the day I stopped chasing tops and bottoms like an idiot. It took me years (and tons of money) to grasp that simple concept.