Total lack of follow through to the upside now I will sell the break down. Nice stop up at the highs and not too big.

Ramblings of a Forex Junkie

Skipping the buy trade I don't like it. I don't have a short bias but there seems to be very little momentum. I still would like the sell below the bottom of this current bar. If I am wrong I think I am only giving up a few pips to the upside.

Ramblings of a Forex Junkie

If this news bar breaks to the upside, fine there is some room to go up. I am thinking we may see an inside bar because there seemed to be some indecision when the news was released. An inside bar that broke down below the Weekly/Monthly high would ...

Ramblings of a Forex Junkie

I like the management here. By taking the daily high and closing at the weekly level then taking the retest you are getting eight out of the possible thirteen points painted on your chart without taking the risk that a bounce at the weekly level can ...

Ramblings of a Forex Junkie

Stick with it looks like you are thinking well.

Ramblings of a Forex Junkie

The new account is up and funded. I gave up on MB and will be getting my regular account funded with another broker ASAP. Here is the link: url

Ramblings of a Forex Junkie

I am definitely gutless when it comes to trading. I take as little risk as possible. Even though I know I have to accept losses I am still scared as hell of enduring them. I am about as picky with trade entries as anyone can be.

Ramblings of a Forex Junkie

I say this because these VERY important announcements require us to throw the levels out the window and trade the news with the method I explained earlier. NFP method will work for these announcements.

Ramblings of a Forex Junkie

This is guessing. The ECB decision will provide a trading opportunity. The FOMC announcement today will provide a trading opportunity. NFP Friday will provide a trading opportunity. Why guess now?

Ramblings of a Forex Junkie

I personally do not. I do, however understand the psychological reasoning for the need for some to have a confirmation of some type. Lots of people must have a mental justification behind their trades. They cannot handle the mental stress of being ...

Ramblings of a Forex Junkie

I look for patterns. Not the conventional patterns that are taught in every trading book, but consistent repeating patterns in price behavior. Show me something that happens more than fifty percent of the time in a reliable and recognizable way and ...

Ramblings of a Forex Junkie

Bank holidays today so don't expect much.

Ramblings of a Forex Junkie

Your lunch time short was the third time at the level. I would probably have passed on that short. Excellent work though. If you have the discipline to take the trades when there is money on the line you will do fine. Keep the risk low and trade at ...

Ramblings of a Forex Junkie

Risk adjusted return is their biggest metric as I understand what they are willing to divulge about their ranking system. In RAPA it seems a slower system with low risk is going to be rated higher than a fast grower with large position sizes and ...

The Trader Behind the Trade™

Trading is easy. Having the discipline to take your hits is damn hard. Most people are not equipped. Most people will at some point break down and start to fight the market or pull their stop and let it ride down. The part between the ears is the ...

The Trader Behind the Trade™

I feel for TPO. I posted the T shirt thing above to let him know we have all done this before. Today was a complete revenge trading nightmare for him I am sure. I also hope you get back on the horse TPO. Can you be reached through e-mail on your ...

The Trader Behind the Trade™

If we use some simple math and a real world example it will answer your question. Let's say you have a one thousand dollar account and you want to risk two percent. You can risk twenty dollars on your next trade. Now say your entry method requires a ...

Margin Confusion?

Slow and steady gets the money.

The Trader Behind the Trade™

I will go back and look it up. I got done trading early this morning and never looked at IFR again.

Ramblings of a Forex Junkie