MightyMouse

So, for simplicity's sake, if you short 1 at 70.25 and it reaches 74.25, and you short 1 more, you have an avg price of 72.25 on 2 contracts. Do you, now, target, getting out at 71.25 to make a point on 2 contracts? Even if this isn't exactly how you do it?

Cool, so you are probably doing better than 98%. When you do add, because it is going against you, do you take a point on all the contracts? Do you try to get out BE? I am truly curious about how you manage it.

Risking 80 to make 1, you're accuracy has to be better than 98%. At 98% you'll go broke most of the time. If you don't go broke right away, you will eventually. Are you simming or trading live?

Have you ever thought of trying it the other way? So, risking $50 and if it goes in your favor keep adding until you have a gain of $4000.

Borrowing a Mike Tyson saying: "Everyone has a plan until they get punched in the face."

Over and out. 91 and it certainly felt right. Out at 9071. 91 tick gain

targets back in. Didn't get the love I wanted so I want out.

Sorry for the delayed response. I use minor swings as stop levels. I moved my stop to 8966 and I will remove the target about 15 minutes before nfp with hopes of getting some love from the announcement; otherwise, I'll be happy to take the target beforehand and wash my hands of this trade. I guess it would be easy to see if I posted a chart.

I took AD (6a) long at 8980. stop is max 8940 target is 9071. Trying to post a trade without it turning into a loser.

I am currently trading only futures, but I had an account with IBFX and they were ok. Personally, I do not like the fact that the charts only show bid prices, but if you are already used to metatrader then it won't be a big deal for you.

Of course every one that i post is going to end up being a loser.

short the euro at 35.17. stop is 1.35.53 My target is 1.34.64 for now. I took 35 ticks on a previous short at 1.3545 but didn't post it

stopped out for a loss. Saw no reason to get out earlier than my stop or target so I took it on the chin.

i answered your question by editing my post. Whether I stay in until my target or beyond or if I get out before my stop price is completely based on developing market conditions so I have no way of knowing if they are going to develop or not. I do see the potential of this going to 1.3870 or as high as 1.40, before it tests lower. But, I will add that what I think and what will actually happen will likely not line up I won't give a blow by blow, but i'll let you know if works out in the end.

Interesting. I have a long order in at 1.3601. I'm filled and my exit price is at most 1.3545. Target is 1.3674; however, i may try to get more, but i won't know that until it gets closer to the target. In addition, I may not let it go all the way to 1.3545, but under no circumstance will I let it go below 1.3545

Thanks for the coffee advice.

If I am not mistaken that trader is Tom Baldwin. He was mainly a scalper in the TBOND pit. They have or had a distinct advantage over screen traders. It's very difficult to stay lucky over a very long period of time, so I kind of discounted luck when I read about him. But it could be that he was on a lucky streak.

I am incredibly flattered that you follow my posts Thales. Thank you. Your flattery plus about 2 dollars, should be able to buy me a medium cup of coffee. If you would like to post trades real time with me head to head, I will be more than happy to do so with you. You can also go back and read my posts making that request in the past too. I know, I know, I know you have nothing to prove to me or anyone and won't waste your time. But, you see, if you have nothing to prove, you shouldn't make comments about others the way you do. Oh, "Not for nothing."

The higher your leverage, the higher your risk of going broke which you have to worry about because going broke will take you out of the game, but it sounds like you have it all figured out.

It sounds like you're plan doesn't include losing. Good luck with that! The fact is that you really do not know your risk or your accuracy, so err to the side of prudence.

Fibs work great. But so do the ratio of syllables in the second phrase and second to last phrase that your wife utters to you every day.

Depends. Equity closes at 10:30. Interest Rates and FX close at noon.

Make that 2 mistakes since October. I jinxed myself.

The experiment probably never happened, but if it did it was incredibly flawed. Rats in a cage are in survival mode. Yale undergrads are not so its not a good comparison. Try the experiment in a real world situation. Substitute morsels of food with the need for energy, and sustitute the t-shaped maze with a maze that has 12 arms instead (OPEC?). Rats would probably die off but the few that would survive would probably enslave themselves to the closest source of energy. On the other hand, Yale undergrads would gain control of the source of energy to remove any possibility of having the energy be randomly distributed to them and prevent the enslavement of future generations of yale graduates. Thier only true obstacle would be a partisan congress of non-Yale undergrads who think like rats.

TY. there is a lot more to it than I stated but, that's the basic idea and good luck with your device. Seems interesting and also like it might be good for other applications. MM