I agree, an excellent post and worthy of a vouch.

Ramblings of a Forex Junkie

Here you go:

Ramblings of a Forex Junkie

[quote=mmaker;6663644] He is trading futures. Those were ES trades he has been posting since last week. Same levels we are using here just on futures market.

Ramblings of a Forex Junkie

The long trade was based on EU coming down into the area of the NY and London closes/daily open. After the German news was good that trade shot up into profit in the area of the previous day high. After a .382ish retracement which would have been ...

Ramblings of a Forex Junkie

The problem is I have no idea what you know about trading. I do know that a lot of the readers of this thread are struggling and or losing traders trying to find a way out of their struggle. You cannot tell someone with low or poor experience ...

Ramblings of a Forex Junkie

Not really just where I expected support to come in to the market. The stops were built up just under the .382 retracement that I am sure so many traders bought expecting a breakout to the up side.

Ramblings of a Forex Junkie

I don't risk two percent I risk less than one. I am as far from losing as you can get. I am well aware of how to maximize risk based on risk of ruin statistics. I am no longer compounding and have no need to risk anywhere near one full percent to ...

Ramblings of a Forex Junkie

You are talking to people on this forum who have access to 400/1 leverage. You have to be careful to whom you say, max up your leverage.

Ramblings of a Forex Junkie

Am I too conservative for my hit rate? Probably. Could I comfortably risk two percent per trade? Yes. Could I have made seven percent today? Yes. Do I care? NO. I made plenty of money and I can go to sleep with an open position because I don't ...

Ramblings of a Forex Junkie

Based on most of the statistics out there (from 1 to 5% actually profitable) I would agree. Funny thing is when people pick their best "looking" set ups is when the failures are most spectacular.

Ramblings of a Forex Junkie

You couldn't be more wrong. I'll just leave it at that.

Ramblings of a Forex Junkie

You are talking out of school here. Go back and look at his last weeks trades. I think these were only his second and third losses for the past several days of trading. 33% was for today only.

Ramblings of a Forex Junkie

I told you even the tough days will work out if you hang in there. Even a terrible day with three losers before the win and you are only a very small loser for the day. You are doing really great. You seem to have a good grasp on what is needed.

Ramblings of a Forex Junkie

Do some research on how many losers in a row are possible with 60% win rate. Low leverage is essential to longevity in trading. Also it is completely possible to lose all your money with a ninety percent win rate if your money management is not ...

Ramblings of a Forex Junkie

Therein lies the problem. Sixty percent winners with 2/1 makes more money than eighty percent with 1/1. The goal of trading is to make money not be right. If losing trades cause pain then you have one of two problems. You are either overleveraged or ...

Ramblings of a Forex Junkie

A few more thoughts on the question posed by KK007: How can we validate any trading method unless we are prepared to trade it? How can we trade it if we are paralyzed by the fear of taking a loss? How can we learn how to make trading decisions while ...

Ramblings of a Forex Junkie

Hi Olarian, Still no runners with the ORB. I keep entering and EU keeps retracing. I have noticed something that I am going to test when I have time. When there is a breakout of the ORB on a given day but no retest to enter I have noticed that ...

Ramblings of a Forex Junkie

I am trying to figure out what happened. I didn't delete or clean anything up. I will check the bin and try to figure out what got deleted. Lately the mods have been weeding out any non trading related chat in threads so it may be that all the music ...

Ramblings of a Forex Junkie

Let me get this straight: I showed 37% gain in my account last month, verified by myfxbook. I made 2.25% today in two trades earning more pips than the total range of the instrument traded. And now you want to know if I know of any methods that ...

Ramblings of a Forex Junkie