I don't have a lot of time right now but I wanted to answer Offshore with a question or three for now and then after a couple of hours we can discuss the answers. Out of all the pairs, which ones moved the most during Asia? Which pairs have the most ...

Ramblings of a Forex Junkie

The key is boiling it down to two or three levels and ignoring the rest of the chart. You avoid lots of trading mistakes that way and you almost always get the chance to reenter in the right direction if a level gets busted.

Ramblings of a Forex Junkie

There was a frontline show in 1987 about PTJ and he bought it and had all the copies pulled. It still floats around on the net but I have never found a copy that I could download. If you google Paul Tudor Jones documentary you might be able to find ...

Ramblings of a Forex Junkie

Excellent, we will be talking a lot as soon as I get my accounts up and running. You're close.

Ramblings of a Forex Junkie

One thing I would like to say now. The breakout method is not the best method I have taught here. It is, as I stated earlier in the thread, a method that will help to avoid overtrading and allow a trader to get profitable while learning. There is ...

Ramblings of a Forex Junkie

I take every trade triggered each day so if you only tested the first breakout then you would have different results. Also I counted some winners that just miss 1/1 due to taking off the first half at some major level such as the previous day high ...

Ramblings of a Forex Junkie

It's a great business. Just wait for a thin market, put out a BS news story, and ring the register.

EURUSD

BS news report.

EURUSD

Last week low is 1.30004. If broken look out below maybe as low as 1.2850/1.28.

The Trader Behind the Trade™

That happens a lot but we are above last week's low and that is pretty strong demand. Need to break the level or it is going up.

The Trader Behind the Trade™

The retracement to the mid of that news move was a perfectly normal occurrence. We are stuck between the low from yesterday and the low from last week. If the low from last week isn't broken shortly after London close I certainly wouldn't wait until ...

The Trader Behind the Trade™

It wasn't lost I'm investigating.

Ramblings of a Forex Junkie

Whether it was a level I teach or not, never beat yourself up over a successful trade. You got in and you managed it to make a good return. The main questions are what did you learn from the trade and how would you do things differently on the next ...

Ramblings of a Forex Junkie

Not that I know of, there are a few interviews on the net and the famous frontline show that I linked here but that one only pops up for a short time before his people find it and have it taken down. I have never found it anywhere where I can ...

Ramblings of a Forex Junkie

My favorite from PTJ; Everyone says you get killed trying to pick tops and bottoms and make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops ...

Ramblings of a Forex Junkie

The thing I see most often with the highs and lows from two days ago is this; If yesterday closed below the low from two days ago then sometimes that low will act as resistance. Same thing for a day finishing above yesterday. I don't really worry ...

Ramblings of a Forex Junkie

This sucks, it was a great trading day with lots of winners and I have closed all my accounts except for the tester. I made enough last night to have a coffee.

Ramblings of a Forex Junkie

Yesterday's low on UJ is 98.575 and today's low is 98.475. Not a forceful break and well within the normal stop distance for a long at the level. You cannot use the European trading hours for a pair with its base currency in dollars.

Ramblings of a Forex Junkie

As long as the London high is also the high of the entire day this is a perfect strategy and as you have seen it worked very well today. French news pushed price right into the level after Frankie gave us a nice long off the daily open. We would ...

Ramblings of a Forex Junkie