I teach to go long at yesterday's low when approached from above like today. Big winner Ps. I teach the times that I do because it matters.

Ramblings of a Forex Junkie

The latency is the built in deal desk buried within MT4 giving the broker time to expand their spreads when dealing with tough markets and profitable traders.

Ramblings of a Forex Junkie

The other brokers are going to mark up the spread and I still have to pay the commission. No thanks. I only trade around three or four to one leverage but I still think slippage would be a problem trading off 100 mil. Like to give it a shot some ...

Ramblings of a Forex Junkie

Right now as I look Mb is at 1 pip on EU and Oanda is 1.6. During liquid markets Oanda will usually still be at 1.2 to 1.6 and MB will regularly dip down to .1 while most of the time being .7 to 1.1. With commission it isn't that big a difference ...

The Trader Behind the Trade™

I didn't think Dukas took US clients. Liquidity is normally no issue for me as I am typically jumping out on the tracks in front of that fast moving train.

Ramblings of a Forex Junkie

I took the MT4 option as I plan to use the EA from MT4I to mirror my trades. The shut down at 5PM eastern is for clearing and rollover and is perfectly normal. I also don't enter trades during this time period so no issue. I am interested to see how ...

Ramblings of a Forex Junkie

A side note for anyone who is interested. I have closed all my accounts and I am in the process of moving everything to MB Trading. I took the EXN and commission route and I will be trading everything with them. I plan to trade in the one thousand ...

Ramblings of a Forex Junkie

Here's the thing: This forum and particularly this thread is full of people who know how hard trading for real, meaningful money can be. To come here and tout demo success is bound to (rightly or wrongly) attract some bit of skepticism. I don't ...

Ramblings of a Forex Junkie

I'm doing the ecn version of MB so supposedly no deal desk. We will see. I have talked to others who were happy with them. Their spreads go down to .1 to .5 quite often so the commission plus spread is still cheaper than Oanda. Ever since they went ...

The Trader Behind the Trade™

I am closing the account and switching all my business to another broker. I had my main account with a broker that doesn't support MT4 and was not an ECN. Also Oanda has gotten so out of hand with their spreads lately that I want my test account ...

The Trader Behind the Trade™

If the average range of the past five days is 100 pips and the price has gone down eighty or ninety then I am more confident in a long trade at a level holding at that point if the trade is counter to the trend. Obviously I wouldn't want to take a ...

Ramblings of a Forex Junkie

Xhale

Ramblings of a Forex Junkie

GU actually didn't go far enough down to stop out on the weekly close this AM it just refuses to go up. The first trade of the day triggered would have been a long off the close price from last week.

Ramblings of a Forex Junkie

I start at midnight eastern. Price came down to the rolls but didn't trigger. Might have been close enough for some but it missed the line. If you took that it made over twenty pips and that isn't a bad trade. The first trade for me would have been ...

Ramblings of a Forex Junkie

If it was eighty pips away I would actually be more apt to take the long. The short off the daily open would have already taken place and we would be close enough to ATR that I would see more room to go up. Does that make sense?

Ramblings of a Forex Junkie

I will add that I don't normally use the test account in the same way as my normal trading. The test account is where I test things and get the gambling stuff out of my system. I cannot trade the test account like my real ones because it is there ...

Ramblings of a Forex Junkie

GU is nearly always a pain in the ass with normal levels. It has a mind of its own, however I love it around its own close.

Ramblings of a Forex Junkie

I traded the test account exactly as I traded my real account except for the one day experimenting with the weekly levels and leveraging for that one trade. I still didn't risk any more than four or five percent on that trade structure. I closed the ...

Ramblings of a Forex Junkie

There are a few things in play with this trade. You aren't necessarily wrong to have taken it, however here are some things to think about. The first trade of the day was short. My play here is to hold and try to get a break of the level. I will ...

Ramblings of a Forex Junkie

I only do the hourly ORB on EU, haven't tested it on anything else. Euro is in charge today as I think it has begun a big move down. The PA over the last three days of last week suggest a big drop. Never know though. You can tell that the Euro is ...

Ramblings of a Forex Junkie