Been there and done that. Have the T shirt.

The Trader Behind the Trade™

OK. After waiting on hold for over twenty minutes with MB today trying to find out what is holding up my clearance to deposit I am just going to do the new model account with Oanda. I had high hopes for MB but this kind of customer service won't ...

Ramblings of a Forex Junkie

No missed it. Where is it, 1.35?

Ramblings of a Forex Junkie

Any time.

Ramblings of a Forex Junkie

This move really smells like a CB thing. It is all dollar selling. EJ went up but never even broke the current day high. UJ is in the basement. All dollar selling. Dow and ES are both down a little so not selling dollars to buy securities. Only ...

Ramblings of a Forex Junkie

The next weekly high is up at 1.32. I would probably take a stab at that if we get there today.

Ramblings of a Forex Junkie

I only love em at a level. Right now this thing is trading in thin air.

Ramblings of a Forex Junkie

The pattern that I am beginning to see with the option defense is the winning side that builds up all the positions tends to get its stops run after Ten. The losing side gets the profit from their buys (in this case) by pushing through the stops on ...

Ramblings of a Forex Junkie

Bid never touched 3150 before the cut on my feed. Looks like the defense was successful. Stops being taken out now.

Ramblings of a Forex Junkie

Beautiful trades, by the way, if you got them.

Ramblings of a Forex Junkie

Unusual move given the lack of news. It looks a lot like a CB move only a little slower. Luckily I had made my trades early today and was all out.

Ramblings of a Forex Junkie

Good morning: I am watching with interest the 3150 for NY cut. Got any idea the size of the option today. It sure as hell was a determined push up here.

Ramblings of a Forex Junkie

Currency contracts are only for the day. At 17:00 NY (10PM London) all open currency contracts are rolled over to the next day. This is why we get paid or charged interest on open positions. Many business contracts are stipulated based on the ...

Ramblings of a Forex Junkie

I am looking more at the market closes lately. The daily open trigger really works best as an entry trigger into a trending market. Right now we are not trending so the fades of high low and closes work best.

Ramblings of a Forex Junkie

You guys have to get up a little earlier over there in the UK. Most of the best action is going to be around 5;00 or 6:00 AM for you. The best trade of the day was a sell at the Monday high but you had to be out of bed by six AM to catch it. If I ...

Ramblings of a Forex Junkie

Just a little above NY close and rollovers. I sold it.

Ramblings of a Forex Junkie

Why did you not sell the previous day high? It was the first level hit and a beautiful drive up on news. Perfect conditions to get a great reversal or a clean break with retest.

Ramblings of a Forex Junkie

Market opens are the hot spots for filling orders. Dumb money can often be enticed to enter into the market in the wrong direction with the open and its range. You will often see Frankfurt open and drive hard in one direction to a level then ...

Ramblings of a Forex Junkie

Use the ema reading to get your stop. Right now the ema for EJ is 1.5251. 152.5 pips is the five day average. Twenty percent is 35 pips plus the spread, so my stop would be 35 to 38 pips. Size the position accordingly.

Ramblings of a Forex Junkie

All those contests do is encourage horrible money management and high risk. Let them have a contest over five years and see who is left. Then you will know who can trade.

The Trader Behind the Trade™