One last thing before I go to sleep. I had pretty good confidence in this long because of the only pattern I really like. EJ yesterday played out a BRV Quasimodo (over under) pattern. In the screenshot below you will see it labeled out. I added an ...

Ramblings of a Forex Junkie

Going back to sleep now. See you guys around nine Eastern.

Ramblings of a Forex Junkie

The day open was a pretty strong barrier for price. Notice that it rejected back down from there by thirty pips. This is certainly a tradable move. I take the first level to get hit though. The first level today was the London close. For me to ...

Ramblings of a Forex Junkie

If you look at Monday's price action around the weekly close you will see that it had been hit repeatedly from the bottom using up a lot of sell orders. On Tuesday I felt pretty confident that if tested from below again the price would move on ...

Ramblings of a Forex Junkie

The initial target was the prior day high but I set my alarm for five minutes before the news and manage things live around the week open. I didn't like the price movement at the week open so I closed. Just before news I tighten the stop to BE just ...

Ramblings of a Forex Junkie

This might be a fun project for you. I know about the fixes (currency and gold) but have never figured out a way to trade them. I have enough lines on my charts.

Ramblings of a Forex Junkie

I have closed the EJ trade. The buying seems to have dried up at the weekly open. My weekly open price is 130.03. This may get through but I am conservative. I expected a hard move through this price as it has been used yesterday as well. The target ...

Ramblings of a Forex Junkie

As far as I know all financial markets close at 5PM in their local time zone. Currently that is noon in the US eastern time zone for London close.

Ramblings of a Forex Junkie

You are confusing your trading mentor with your sex education teacher again.

Ramblings of a Forex Junkie

They have been doing some increasingly weird things lately maybe because they: video

Ramblings of a Forex Junkie

Yeah I am just having a little fun.

Ramblings of a Forex Junkie

He has tried to explain it to me but it goes right over my head. I see things and act on them. I know very little deep math. I am somewhat familiar with the Mandelbrot from Seinfeld. The eighty year old trainer. Oh wait that was mandelbaum. Never ...

Ramblings of a Forex Junkie

[quote=tubguy;6663818] Felt in the summer? Won't that cause a ruckuss.

Ramblings of a Forex Junkie

[quote=tubguy;6663797] Stretching it over my big fat head. It'll never fit now. Have you already switched from felt to straw?

Ramblings of a Forex Junkie

[quote=4x.zombie;6663757] Howdy.

Ramblings of a Forex Junkie

I would encourage you not to trade it if you don't think it is viable. I have traded it for three years this month and with the exception of occasionally exiting at a high or low instead of waiting for 1/1 it has worked for me. I take every trade ...

Ramblings of a Forex Junkie

Green and red are previous day high and weekly open. Purple is last week close. The yellow lines are the London and NY closes. I think when I took that screen shot I had already moved the London to todays close but the NY close was still in place ...

Ramblings of a Forex Junkie

I explained a little bit about this way back. There are so many posts at this point it would be impossible to not miss some things. I spend thousands of hours each year looking at charts. I am rather good at spotting patterns and locating good ...

Ramblings of a Forex Junkie

If you find it acceptable to need to gain 100% to recover from a string of losses then risk away. What happens if you lose your seventeen in a row and then win a few and hit another run of seventeen?

Ramblings of a Forex Junkie