Hello everyone. I am new here. I created a basic channel chart (see attached) of the Euro Dollar for its entire history of trading. I have attached this graphic for you to view. It the pattern continues, a top may occur in the latter portion of 2009 and a bottom around 2017 or so more years but the bottom is not important now as I am focusing on the top as it is within eyesite. In my opinion, there is no reason to make a couple of thousand or two. It takes too much energy when our minds can be used for the big trades. I focus on the big trades. This is one of 'em. I plan to ride $50K to see what happens but I need to to turn this into to $100K before it is time for the middle peak in late 2009. With forex the limit is 100:1 margin ratio. I intend to use 50:1 just to be cautious in a volitile market. In other words, I hope to not sell off some of my position when estimating the top when I short the top @ 50:1. I believe there will be one major top and a couple of mini-tops similar to the 1992 time frame. One mini-top is being made right now which is one the verge of being parabolic curve busted downward. So, I take $100,000 cash with $5,000,000 buying power or 5 $100K lots. Hold on to the position for about 8 years from the top to the bottom of the channel. For each pip, the $5M would be $500. At each mini-peak on the way to the eight year bottom, I short more since the equity has fallen less than 50:1. At each min-bottom, I cover the secondary shorts but I save my orginal position. I figure there is 700 pips to be made with out the secondary trades. 700 pips * $500 per pip with -2 carryover is around $350K. $350K / 8 years ($43K) = a seven fold factor since I started with $50K. OK. Let's hear the opinions now, good and bad.