You work too much.

Ramblings of a Forex Junkie

This is an option I like. I would never want anyone to feel pressured to pay anything. I really am most interested in auto trading for clients and the room would be a great way to show people the profitability and the low risk nature of the trades. ...

Ramblings of a Forex Junkie

I would also add that the thread content is and will always be free. The information is there.

Ramblings of a Forex Junkie

Thank you Steve. I view it like this: I don't need the money from a teaching business, but I also place a high value on my time and won't pay for the priveledge of teaching people.

Ramblings of a Forex Junkie

Six percent would be a really terrible week for me. I usually risk less than one percent per trade. I have a largish account though.

The Trader Behind the Trade™

I'll disagree but I am not trading your money, you are so to each his own. I can't fathom losing five percent on one trade but that's just my risk tolerance.

The Trader Behind the Trade™

I don't mean any disrespect but you had a bias today and it cost you fifteen percent. I am absolutely confident when I say that your bias can kill you. Especially when you are trading too big.

The Trader Behind the Trade™

Nothing will empty an account more quickly than a bias. Just sayin.

The Trader Behind the Trade™

Yep, two losers today that post was yesterday. two winners yesterday and two losers today. This will continue until the rate decision next week. The Japanese rate announcement will also give the market a little fuel but EU traders are waiting to see ...

Ramblings of a Forex Junkie

Were you long Euro? I see a big drop in equity and a closed fxbook link. I am pulling for you, prove them wrong.

The Trader Behind the Trade™

Everybody in the world is calling for a rate cut. It is being priced in. I wonder if this is going to be the same movie as last month? No cut and its Euro to the moon.

Ramblings of a Forex Junkie

I can't replicate your chart even going down to one minute timeframe. One of our brokers is making it up as they go. Or perhaps are you graphing the ask price instead of the bid?

Ramblings of a Forex Junkie

That is a problem. Here is my chart. Fifteen minute TF. The news was 09:30 London time so the 09:30 to 09:45 bar is my news bar and I would have taken the breakout at 1.54120. Interesting that this breakout was just above the previous week high.

Ramblings of a Forex Junkie

Shorting at the daily high on GU was OK. The news was a pretty good beat so no surprise it zoomed up. The high was never tested so no retest to take up. Chalk this one trade up to a loss and don't look back. It happens, not every trade will come ...

Ramblings of a Forex Junkie

This low was in thin air on EU but it happened that it was a test of the London close on EJ. This is a clue as to which currency is in charge today and its not the dollar.

Ramblings of a Forex Junkie

I didn't trade, I am still in between brokers. I have not been cleared to deposit yet. With the EU trade I would almost definitely have exited at or a little below the PDL line. Price was moving fast so I would have figured there was a stop run in ...

Ramblings of a Forex Junkie

Interestingly this week we have had a winner Monday, no trade Tuesday, and two winners today. Three days three winning trades and we are in chop. With a trend we might have two or three winning trades stacked and riding.

Ramblings of a Forex Junkie

You have it 100% correct. The only thing I would add is that the yen pairs moved a larger percentage of their normal range than did the dollar pairs so I am drawn to them first. I would have taken EU only because we were close to a weekly level.

Ramblings of a Forex Junkie

Bracket the three hours leading up to London open. Wait for a one hour bar to close outside this range and trade the retest of the range boundary. Breakout below the range sell the bottom. Above the range buy the top. Simple. I won't argue about the ...

Ramblings of a Forex Junkie

Ok so why EU short? Price opened the day just below last week's low. We had a rather large move down yesterday and were consolidating. The weekly low was the closest price and the first hit. Weekly levels are stronger than daily and are always the ...

Ramblings of a Forex Junkie