Folks I'm liking the action in the stock market and that is where I've been for a while now.Link

well today cost me 600.00 thus far. Here are positions going into tonight. I reduced my size as per loss rule.

Pips Mean Nothing

Here is a perfect example of pips not meaning anything. It is the size of the position that maters. I flipped EUR/USD and went long. Notice the pip count but who cares as the dollar count is what is important.

Here is a 5m chart of eur/usd. Take notice of the 60band reject. This little move was good for 8 pips.

The red line is my tgt for this short term trade...