Forgot to include the chart:

Ramblings of a Forex Junkie

My philosophies are as flawed as I am. Luckily I only need an edge and not a complete mastery. Now I will patiently wait for your next three or four live calls.

Ramblings of a Forex Junkie

I don't trade the fifties. Just like it there as a reference.

Ramblings of a Forex Junkie

Hi, back to the important stuff. The 103 JPY at the ten cut was very much in play today. It was a big one according to IFR. I saw it as artificial support of price and took a quicky short at ten. I did it very small and took profit rather quickly as ...

Ramblings of a Forex Junkie

You will lose on some trades that go my way too. I never said that I am infallible and never lose. I do have a way to reenter when I am stopped out and once stopped I do change my view. I don't have a bias and I view that as my greatest strength as ...

Ramblings of a Forex Junkie

Actually UJ has been in charge of pretty much all the price action for the past few weeks.

Ramblings of a Forex Junkie

Euro loves the fifty. You were looking at two days of up. I was trying to show you the two weeks of down that came before. I'm not trying to break your balls and I didn't take that due to Bernanke talking. I would have been long and out long before ...

Ramblings of a Forex Junkie

Wow, look at that. Guess we need more than two days on our charts after all.

Ramblings of a Forex Junkie

I also included the daily, weekly, and monthly charts to show the ranging nature of the pair over the past several years.

Ramblings of a Forex Junkie

I'll refer you back to this chart where there is some actual price history not just the past two days. This is a short term up move in a four hour down trend. I don't really look at this too much as I don't want a bias to creep into my trading. I ...

Ramblings of a Forex Junkie

I have given something here that is a framework to build a trading method. All I tried to do here is spell out the important price levels through the day that can be traded. Levels that contain an edge. I showed how to view them from the perspective ...

Ramblings of a Forex Junkie

I'll give you a trend for UJ but where is the up trend for EU?

Ramblings of a Forex Junkie

I will also point out that EU has not stopped out on the short at the Tuesday high. The stop should be 19 pips and price has not been that high at this point.

Ramblings of a Forex Junkie

The FIRST level hit on EU today was the Tuesday London close. You should have a long bias. the trade drew down seven pips and hit forty plus profit pips. It is key that you either take the first trade of the day or at least know what that was and ...

Ramblings of a Forex Junkie

No those are only the high and low of the fifteen minute bars we were discussing.

Ramblings of a Forex Junkie

Look again. The previous week close had been traded through three times already by that Tuesday morning at the time of the trade. The weekly open had been tested and rejected earlier in the day and the trade took place above that price level. Also ...

Ramblings of a Forex Junkie

Read MY posts. Don't worry about what anyone else says that they think I am saying. My posts and charts are clear.

Ramblings of a Forex Junkie

I think his risk management does not conform to his testing. I wish he would talk. His trade size is killing him. I think he has said to himself at this point that he will either recover back to new highs or lose it all and risk be damned. The ...

The Trader Behind the Trade™

I won't speak for Billy but I think he takes them all and reverses when they fail. I am reducing the set ups to only the very best. It is the same trigger mechanism though. I also will use different bars at times but that is something that you guys ...

Ramblings of a Forex Junkie

I can only say you're welcome. You don't need to trade actively every hour of every day. Three or four well placed and managed trades per week is enough.

Ramblings of a Forex Junkie