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Need to know Timeframe we plan on trading/holding for in order to figure in my stop /risk threshold, and potential target .

Something I think is very obvious that not many consider is also commission costs compared in percentage terms to their avg win/loss. What percentage of each trade are you giving to the house? It can be detrimental over trading on smaller time frames when essentially you are giving the...

I just had a buddy pick up a house with a 3.87% 30 year fixed, Generational and historical lows in mortgage rates. How many mortgages will a bank allow one to take out for rental realestate properties? 3-4?

Bombardier, Like your style and the journal. How long have you been trading? I know guys who trade exactly like this using a 59 tick chart in /CL catching nice moves everyday. Only thing different is they scale in pyramid style 3-2-1 unit approach adding to the position as it moves in their...

I hate to say it but Greece is the case study for what will happen here . Digging the debt hole has never had a good ending throughout history. Thinking "this time it's different" is a mistake . History repeats.

I still want to know if those using "the obvious" are using an always in approach or a target approach.

Some may prefer to... A. Add to winners as they progress. or B. Have small stop relative to target . Both A and B require knowledge of the right location to implement each of course. I love the Paul Tudor Jones "trader" doc where he says he is risking 10 cents to make a potential...

I think the point of the thread is to get people to think for their self first and foremost . We can't control price but we can control risk. Everyone will come to their own obvious conclusions of whatever their "obvious " may be.

Herman Cain served on the Federal Reserve of Kansas City, Cain served on its board, Cain became chairman of the Kansas City Fed No thanks. I want a president who will end corruption in this country and Ron Paul is the only one who is willing to take the steps to do that. Unfortunately, I...

The USA has really become a nanny state unfortunately and these people think the world owes them something.

SLW

They need a tshirt that says, "Tax the rich! Create Jobs! I'm an oxyMORON"

and for only $2,999 you can learn to make millions :)

TO, Do you know your target at the time when you put a position on or do you wait to react to the markets' actions before exiting?

Working with probability , yeah it's guessing but you can still check your odds if you keep the right kind of stats.

1 trillion nothing less............. Zimbabwe dollars of course.

Look at your screen for your chosen period and timeframe . Did Price go up or down during that period and timeframe? Different timeframes and periods can have different and overlapping trends. Pick ONE and trade it.

A hyperinflationary depression, Gold will trade at insane levels in nominal terms. Deflationary depression , Gold can fall pretty damn hard but at least it's an asset that can't be printed out of thin air.

I agree.

Define the timeframe you are trading first. Then you can answer where the "now" bar is currently going. Is it breaking previous bars' highs, or previous bars' lows?