longer term better?

[Batcheler]

Not hard Milo, one only commits say 10% of money on account at an e-broker is #1. #2 is look at worst case historic fluctuations upon entering via TA and figure in these for your worst case chance scenario and in trying to enter the trends. I also have factored in stop_loss levels which will have me dive in 3X faster (3 majors at once!) using only $1K starting capital. Since just simply diving-in on a demo account at cms I'm up 250 total pips, USD (/CHF,/JPY,/URO).
jerry

[Batcheler]

except, day-bars not weekly-bars Milo, seems whipsaws might be 1500 pips or stops needed at 500 is maybe pretty gargantuan affair with weekly bars needing perhpaps $5k on account, no thanks, 1-day bars are fine per all above I spoke of.
jb

[AircrewMN]

Well I'm brand new as well but I've been reading alot. Seykota, one of the most sucessful market wizards, looks at his information 1 hr a day. His model account went up 250,000% in 12 years. 5k to 15 million with withdrawls. His site is facinating, he won't tell you what to do, or how to trade specifically, but how to get your brain functioning as it should for trading. The more trades you make, the more spreads you have to pay, which can greatly diminish your profits.

[Batcheler]

ok there Aircrew Minnesotan! I like them books too, let me know name of that book, I'd be interested. Thx. jerry

[AircrewMN]

Seykota doesn't have a book out yet, but he does have a website which is Seykota . com and the trading tribe.

[milo]

I beleive the name of the book AircrewMN was reffering to is Market Wizards by Jack D Schwager. Good read but does not go into detail about strategies. It is just interviews with assorted "Market Wizards" .

[Batcheler]

I WAS over-vonfident about how to enter 1-day-bat-graphs Milo. Figures. If anyone has recondations please help Milo and me, he wishes to do 1-week and I'd like 1-day .......actually it doesn't matter at this point, just some means to enter. You know Milo, I bought this booklet on a strategy that was one of those $47 download jobbees, guess this area of looking at trends and figuring there is easy way to enter.....N-O-T! Guess it's really TA analysis! So I'm off to read up.

jerry

[Dave Floyd]

My experience with FX has demonstrated that a longer term approach tends to be more consistent. While I will gladly short-term FX when appropriate, I have not seen any consistency when dropping below a 60-minute chart.

A solid understanding of the macro back-drop and good chart reading abilities seems to keep me on the right side of things.