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I haven't waded through the whole journal, but are you still trading Nadex at all?

That guy and the copy cat marketers like him are making a lot of waves these days. I don't care. More suckers on the exchange will hopefully get the spreads down. Liquidity providers. :) Nadex does have awful bid/ask spreads. Just need to pick your spots and go for expiration trades or be...

Mel Raimen passed away? wow. I attended the course about 8 years ago. It's a good method if you understand the concepts. I did very well with it. A lot of people on the forum and some I was in contact with did lousy with it. For the most part, 90% of traders are going to tank regardless...

There are basically 2 places I add on. Pull backs and breaks of s/r. s/r can be pivots, trend lines, fibs, previous high/low, whatever. I do pay attention to wave counts, but only on a basic level. If I see that third higher high/lower low, I'm paying close attention to divergence and...

The only way I can do it is trade setups as if they were poker hands or black jack card counts. This sounds totally against the "treat trading as a business" mantra but it is not. I've got 2-3 setups that are basically pocket aces. And like pocket A's, to get max value it's sometimes best...

I've done extensive pivot work in my days. The time of day isn't critical. All pivots are essentially doing are taking a range for a specified period of time and then calculating subdivisions of that range with the central pivot starting from the mid point. For forex, the difference between...

Sounds similar to what I used to do. Establish trading ranges and buy/sell zones. http://img440.imageshack.us/img440/4863/pts0104a17hf.gif Kept a journal for a little while here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=54508&perpage=40&pagenumber=1 The whole thing...

Alternative to going big up front, is go small up front and add on aggressively once the move is under way. A bad initial entry will be a tiny loss compared to catching a move and piling it on which will dwarf the losers. Also, once in profit, part or all of the "bet" is house money depending...

nicely done. i'm sitting on a short of gbpjpy from 135.8 twice from 135.18.

I nailed it from the top. But it was short lived.

Very nice. Well done.

Nice tip. thanks.

Great strategy. I think people... particularly noobs ... get so caught up in their wavy lines that they lose perspective. I trade similar. Draw some trend lines, figure out some cycles and then WAIT for price to hook up with time at an area of support/resistance. And then I bring out the...

Nice short on the gbpjpy. Double top was a nice setup.

How much history are you putting in your charts? I had all sorts of problems when I maxed out the chart history.

Forex can be scalped just fine. But you need to be solid in your game. And more than that, it helps to know WHEN to scalp and not just flick on the computer and start looking for scalper trades.

You should at least be demo trading and getting the mechanics down. Trading is more like learning a musical instrument than anything. You can be book smart in music theory all you want but you're still going to sound like ass if you've never actually played and practiced with a real...

It isn't more reasonable because the error in this logic is trying to peg some cause/effect relationship to market behavour be it indicator settings, fibs, or moon cycles. Moreover, most oscillator wavy type indicators are definitely not a cause because they're an effect of price to begin...

Does it matter how/why the call was made if it makes money? And no where am I claiming there is a cause/effect relationship between lunar cycles and market movements. I just find that when they correlate, crazy stuff happens. But even if there is, I'll put on Ozzy's Bark at the Moon, dance...

I've been short the dollar against the euro since last week coming into today. On another forum I called for today to be a massive low against the US dollar based on a lunar cycle. Proving correct so far. I expect next week to provde some brief dollar relief though.