[tonyj]

[quote=7thSignalTrader]I trade four (4) different trajectories:

1) Initial Move (minutes to hours)
2) Day Trade (up to 24 hours)
3) Swing Trade (24 hours up to 5 days)
4) Outlook Trade (up to 1 month)

I use my Swing Trade is the great equalizer in case anything goes wrong with any Day Trade. I use the Outlook Trade as the great equalizer in case anything goes wrong with any Swing Trade.

No Outlook Trade has ever lost money, so I don't have a back-up for that one.[/QUOTE
7thSignal:

What is an Outlook trade? Am not familar with it. I'm a PNL'er....Point and
Line Methodology. My explanation was in regard to small pips with high
leverage. You know, of course, that you can gun for 6 pips easier than in
gunning for 20 pips or higher. If you can consistantly get 6 pips then you
should be able in a reasonable amount of time get sufficient funds to shoot
for 20X, 25X etc....even up to 100X. It's just that the hook, if programed
into your chart can give you an idea of where the mine fields may pop up.
Actually, you really should be scalping and day trade during a trend run...
and a congestion is an invitation to Lucifier's Slopchute and shoveling coal.
What most traders don't realize how deceiving the bid/ask spread can be.
The best is EUR/USD by far than any other crosses. Good trading to you.

Addendum: The poll is asking the wrong question.....Why?
There are two kinds of markets, and ONLY two kinds of markets. There
are five kinds of trades, and ONLY five kinds of trades. No matter what the
market does, it has to abide by the conventional patterns of 5 kinds of
trading. Each one is different....and that is the problem. And 90% get
blown out of the box. They didn't tell you that in any of the forex courses..
....did they?
ciao
Tony