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Only if you accept the attitude that a directional trade is a gamble. I don't believe it is. I believe you can predict direction just as you can predict weather. Beside every prediction is attached a probability. Saturday: Rain 80%. For example: 30% chance of Interest rates going up...

I've been here longer than you, Oldtime. Let's see who goes first.

I'm not bragging. I am pointing out to you the absurdity of your comment earlier that a little more drop in the EURUSD and you'll never hear from me again. If I am losing at a rate of 1$/pip, realistically what is the total amount I can actually lose? What is the EURUSD realistic low...

Your money management strategy depends on a large account to manage all of those simultaneous trades. However, what you aren't recognising is a very basic mathematical concept. All of your trades reduce to one net trade. You're either positive or negative; losing or gaining. The result is...

So the EURUSD will need to drop another 574.82 pips before a margin call kicks me out of the trade. However, that will leave me with still $390 in the account. Now, add to that the profits transferred out of the account already. Where does that leave me, Oldtime? Even after a margin call...

You've been drinking again, eh? Sometimes you're really decent; other times you're a bit of jerk.

Do the math my friend. When will I need to reload, and how much will I need to load?

And here we go again. In order for me to lose both my profits and my first and only deposit of $1029, the Euro will need drop 1850 pips from 3096. i.e 1.1246. It would have to do this all at once without any recover period.

Ha ha! Sorry, I was trying to be funny. I obviously misfired. You see if your base currency is EUR you're automatically long EUR with respect to you own currency USD which is where you live and spend. So, if you short EURUSD you're cancelling out any growth or loss. In other words, its a...

Perhaps you should switch your base currency to EUR, and then continue your pattern of shorting EURUSD. :D :D :D My long is still costing me an unrealized 108.3 pips.

That's another reason to dislike a pizza job: 3am quitting time. Beer and Liquor stores close at 10pm. I'm done shortly after. As for the "Erotic" evening, I meet the young women when they are still fresh and heading off for their partying, but I am married with a baby and must be a good...

Trouble with pizza is you likely got stuck in the kitchen cleaning, right? OK. I need 3 more and I'll be disappointed but content.

Very slow night! Sitting here with my cell phone and very bored. Only made $80 tonight. Questrade doesn't have a cell phone app for forex.

Things definitely went your way today. Good job. Looks like I'll have to be patient for a few days.

Youre telling a child not to play on a swing set. In the wrong hands a swing set is dangerous, but.....

Urrrr.... and now I'm getting spanked for going long again! :D I guess it could have been worse. I could have stayed in the original trade. As it is, my net unrealized loss is somewhat less.

Exactly as I predicted. In again at 3096.

I'm not a kid, however as a trader, perhaps I am. If I ever become good at this trading, I really don't care about the designation. CPA? Accounting? Blah! Too tedious!

It isn't two losing strategies; its the two less ideal positions. I am familiar with this - the Nash Equilibrium. Its a simple summation. If you're net negative in every pair, you're net nagative overall. You can add up all the trades in one pair, take the weighted averages, and view...

Its no real trick, Oldtime. There is no real difference between holding multiple positions simultaneously and many positions seperately. The final statistics are the same. The one real benefit I see is that you can take a larger position in each trade since, in theory, the hedging trade...