I am as honest as I know how to be. This happens occasionally to me. I get to a point where I am unwilling to accept any draw down. This is usually after a tough few days like last week and I am trying too hard to get back to my equity high so I can ...

Ramblings of a Forex Junkie

I am going to come right out and say that I am totally confused and ready for a couple of days off. I was short Euro for the entire slate of bad economic news tonight and I have nothing to show for it but some minor losses. I am completely lost ...

Ramblings of a Forex Junkie

I killed the trade. Too late in the day and I am losing interest. I will come back to the trading platform later this evening and see what is shaking.

Ramblings of a Forex Junkie

When the levels are that close together I think price will always find the stronger weekly level. The distance is less than six pips so no problem getting the lower price.

Ramblings of a Forex Junkie

EU just shot down to test last week's low. I will take a shot here with a long. Don't know how this will work out but I am in it looking for some movement up. If this holds I would love to see my self being able to hold it to the last week mid price ...

Ramblings of a Forex Junkie

You can use an alternative start time for UJ of NY close. This worked out well yesterday as during Asia there was a sell from this price just before Tokyo. The regular hours also work most of the time. The first trade using NY close resulted in a ...

Ramblings of a Forex Junkie

I slept through that trade. Notice how the German news was negative but the price went up. Then the next bar was an inside bar. That news trading short was the trade of the day. Hate I missed it but I have been very tired of late and needing some ...

Ramblings of a Forex Junkie

Worked very well if you bought the previous day low this morning. If you tried to sell later into a long bias pair then yes it was a tough one. First thing hit today was Monday low. There fore long bias until proven wrong.

Ramblings of a Forex Junkie

I guess he is watching my explorer. The short at 2973 was from the NY close yesterday. EU is a bit confusing right now so I put my stop to BE really quickly and it is now dead. I have been a little bit confused by price action for the past few days ...

Ramblings of a Forex Junkie

That was the London close yesterday. I sold there when price tested the area from below after breaking below the area. The first trade of the day would have been a long from the daily open and that failed so I take a short bias for the rest of the ...

Ramblings of a Forex Junkie

I was having such a nice day playing with my boys I wasn't even going to check the thread today. Now I am glad I did. I made back over half of the Thursday and Friday losses this morning and I am managing a small structure now. I hope all ...

Ramblings of a Forex Junkie

No boundaries here as long as we remain civil.[/quote] Interesting, I did not write this post but it is under my user name. I did write the civility comment in a PM.

Ramblings of a Forex Junkie

Sounds a bit like Buster Poindexter. I like his songs.

Ramblings of a Forex Junkie

I will have a listen later, I have a little John Prine going right now.

Ramblings of a Forex Junkie

I agree MM. When you start really looking at levels, well there is no end of significant levels and you can, dependant upon your approach use them over & over. I know we have daily high/low etc and very effective too. Even if you only trade a 15 min ...

Ramblings of a Forex Junkie

Maybe I am just visual, I am certainly no mathematician but I see patterns in price behavior all over charts. They don't all play out but many are consistent enough to make money. I am speaking of price based patterns more than triangles, wedges, ...

Ramblings of a Forex Junkie

The ORB will never test well. It makes its money by catching two or three big trends a year and treads water the rest of the time.

Ramblings of a Forex Junkie

I just exited my short trade in EU at 2950. Done for the week. I will be around as I like the way the conversation is going. We are now getting away from the fluff about specific method and into the meat of the matter. The original goal of this ...

Ramblings of a Forex Junkie

I know you have a problem with Xhale but he gave you the answer several posts back. 1) open a chart 2)stare at the chart 3)make observations about the patterns in the chart 4)devise a set of rules around these observations 5)test the rules 6)refine ...

Ramblings of a Forex Junkie