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Thanks for giving your liquidity to me. :D :D

However, as you said, there is also the USD side of the EURUSD equation, and the USA numners are weak. The ECB decision could cause nothing more than a very brief bounce.

Breaking above 1.32 could also have been a bear trap. How many of you who were short, got stopped out and were tempted to jump right back in again on another short? Took me 13 days to realize 101.5 pips on my long finally selling at 1.32403. Short or long from here???? I think I'll wait...

Try saying that to your landlord or bank when rent or mortgage is due

Correct. You will them spend the next 8000 posts convincing yourself and others that you're a trading God. At some point along that path your fraud will be discovered and you will change handles or be banned.

Absolutely, but you will have lost it all by 2000.

Statistics have shown that more often than not retail traders enter correctly. Win or loss they fail to manage it correctly.

It isn't as simple as that. You could be doing everything except the last part: getting out too early or too late. Or is it the first part: getting in too early or too late. Good luck extablishing the "opposite".

??? All this shows is that trading is a harder business than running a grocery store. It certainly does not show that one is radically different.

Actually, what I see is a whole bunch of "traders" being exposed as frauds. In other words, we have the wanabees goading the pretenders.

Give it another couple of years and you apple lovers will be chucking them out the window. urrrrr.... the computers, that is.

Its really quite simple. There are a lot of frustrated people on this forum losing a bunch of money. Rather than destroying computers, banging holes in the walls, we fight with each other. Productive, isn't it?

Range trade? Easy profit unless you choose wrong direction from top or bottom of range.

... and the "prudent" compounds their smaller losses with higher spread/commission costs

I think I'd make a killing shorting an ET ETF.

Surf, have you lost more than you've gained?

Marketsurfer, with all due respect, I really question people who use expressions like: "made a killing." 95% of the time, this is a massive exaggeration.

Yes, oldtime, that is partly my point. I don't see the value in scalping - atleast not with the resources I currently have. The cost is simply too great. I can't compete with the big boys. A swing trade approach, as you have discovered, seems to work much better for me. Given the nature of...

Very true Oldtime. Cost is a very significant issue in any account, but it somehow seems more noticeable in a small account. Just holding one mini lot is costing $0.9/day (Roll), and about $2.4 every time I trade it. Still I'd rather hold than spend, $2.4 X 2 per round trade, 50 times a...

Its all relative. The one minute chart is noise to the one hour chart. The one hour char is noise to the one year chart. Our day to day lives is noise in geological time, yet there are clear trends and patterns in our day to day lives.