"I just wait until there is money lying in the corner, and all i have to do is go over there and pick it up. I do nothing in the meantime. " James Rogers- in Market Wizards

What does this mean?
Risk vs Reward
What are the risks? what are the rewards?

This is what this game is about. What game? EVERY game. The game of foreign exchange currencies...the game of fighting. everything and nothing. 1:1 risk:reward is not worth it if the ratio of wins:losses is 1:1. At the minimum 2:1 for a C level trade.

Well the U$D has made a huge run. I was able to catch a few scraps. But i am waiting for a short consolidation, for a good entry into U$D strength. Buying on support, selling on resistance. I missed that NZD/USD. Thats 500pips, but i got stopped out at the top before the big U$D move. In retrospect my fundamentals for the trade were on the right side, and daily technicals lined up. I should have widened my stop and or lightened my size to stay in longer. AUD/USD same thing.
At this moment i am looking for a retracement this week and look for further follow through using point and figure...possibly a 50-100pip box.