The highs and lows are very reliable and rewarding. Simple works best.

Ramblings of a Forex Junkie

Every thing is closed. Maybe a little too early but nice gains for the day. Going to bed now Good luck everyone.

Ramblings of a Forex Junkie

Nothing new on EU tonight. I just closed out the structure I built yesterday. GU acting like poop and UJ not much better. After a day like yesterday there may not be much movement in either direction. I may just close out my trades and go to sleep. ...

Ramblings of a Forex Junkie

Back to normal business: EU shorts closed and no blood lost. Small loss yesterday covered today. Short GU off daily open and looking decent. UJ short off previous day high. That one will be more of a struggle. Time for bed.

Ramblings of a Forex Junkie

Some people, when they lose, decide to learn and challenge themselves to improve. They never give up and find a way to succeed. Others resign themselves to the belief that they cannot do it and it must be someone else's fault. It is much easier to ...

Why do people use Fibonacci in trading?

Not irrelevant because the entries are all at levels that I teach. You are correct however that it is not as accurate as it could be and since that is the case I will probably over the next couple of weeks go ahead and do one in the range of one ...

Ramblings of a Forex Junkie

Let me restate it again. This is only a test account. I would NEVER do this with my actual real money. This is dinner and a movie money and not the same thing as trading. I do not average down in real life. I do not teach that anyone should average ...

Ramblings of a Forex Junkie

I can be as wrong as the next guy. 1.32 is a very big area of highs and lows going back for years. We are also in the area of the mid of the last down move on the weekly timeframe. There is a lot of stuff happening here and I am really having a go ...

Ramblings of a Forex Junkie

I will also add that doing this in a play account is a great stress reliever and does teach pretty well how to get a feel for price momentum and sniffing out turning points. It helps in learning how to choose the levels you want to trade and picking ...

Ramblings of a Forex Junkie

Might as well talk about what I am doing here while I wait. Remember I only do this as a test, this is gambling and should not be done with large accounts. Sometimes there will be big clusters of weekly/daily highs and lows in a smallish area. ...

Ramblings of a Forex Junkie

I will quote in two ways. Either as a percentage of the account IE. thousand dollar account twenty dollar profit 2% gain, or as a multiple or risk on the trade. If I risk thirty pips and win forty five then I would say I got 1.5/1 or 1.5R.

Ramblings of a Forex Junkie

This is normally what I do with the test account. I don't have the discipline to sit in front of a computer for hours at a time without an outlet for my gambling side. Maybe I should link another account that I don't use for gambling type ...

Ramblings of a Forex Junkie

It has not been an easy two days for the ORB but it happens. Four losers in a row is not unusual and I am sure five or more is possible. Lots of manipulation and choppiness right now. No trend is tough on the method.

Ramblings of a Forex Junkie

They are weekly levels and truthfully I am goofing around. I got bored. I am flat in all my regular accounts and feel a bit nutty so I am having some fun. Same thing I did in EJ last week. There is a cluster of weekly and daily levels around the ...

Ramblings of a Forex Junkie

I sell the weekly high when it gets hit. I don't follow Steve, don't know a thing about his method other than what I have read here. I think he is selling some measure of thin air especially with respect to counting levels. I sell resistance and buy ...

M&W-Trading

I think I should note that over the past two weeks the NY roll has been increasingly important with EU. It turned price today and was the bottom within a few pips. I am going to have to seriously consider adding that level and taking it more into ...

Ramblings of a Forex Junkie

Hard to say, I was asleep and wasn't watching the action. I probably would have shorted it and took the loss then shorted where I have now.

Ramblings of a Forex Junkie

Thank you. Stops have been run and fifty level touched we are clear to go down or breakout. M trade at an important level.

M&W-Trading

I am short there, the blue line is the previous week high.

M&W-Trading

They now have a program where you can (if you qualify per your RAPA score) deposit ten thousand into your own account in their preferred broker (do your own due diligence as I have not investigated them yet) and they will match it with 3X the money ...

How to find big investors who invest more than $10 Million