Not more than one percent risked on any trade this week. url

Ramblings of a Forex Junkie

I missed that long. I had been in front of the computer for the news and taken a BE exit on a breakout trade that you know about. I had to go to change one of my son's diapers and came back to see the trade had triggered and run away from me. In the ...

Ramblings of a Forex Junkie

I apologize for being blunt but this is total BS. If you only risk money you can afford to lose you won't ever care enough to protect it. New traders should use tiny accounts but once you can produce profits consistently you should be trading all ...

Who has made BIG money with a BIG trading account consistently?

I had a great week and I hope all of you did the same. I had lots of missed opportunities and bad exits but came out nicely ahead anyway. Everyone enjoy your weekend. I have sold my old house and now have to spend the weekend cleaning out the last ...

Ramblings of a Forex Junkie

I never made a dime at trading until I learned to take a loss. I would be on a roll with great gains and then the trade would come. I would refuse to lose one or two percent (because I was infallible no doubt) so I would end up losing ...

Trading Without a StopLoss

Scotty I think after reading the first three pages of that thread it is clear that this was just an idea and the guy hadn't really traded the method. The assumption is that you can test a method by simply looking at where the hour bar ended after ...

Extracted Thread (per thread starter's request)

My thread is in the trading discussion forum. It is all there.

M&W-Trading

Wow, that makes me look like a counter trend junkie. Methods that make money in this business are SIMPLE. Let me repeat that. If you are making money in this business, you are more often than not doing something that is stupid, easy, simple. ...

M&W-Trading

Sorry I quoted the wrong post. I was replying to numbnuts.

What is the best level to Take Profit?

Of course price could go anywhere long term. I just stated where I would take profit or tighten my stop because there is a decent possibility that that level will turn price at least in the short term.

What is the best level to Take Profit?

I went out to monthly too. I like 87 for an exit. Lot of resistance there and its a Quasimodo for all the BRV fans.

What is the best level to Take Profit?

Don't worry about the word liquidating, look at it this way. A large corporation wants to sell at 1.5. The bank can wait for an illiquid market and push price up to the level to trigger the sell for their client. The bank makes money by selling ...

Order Flow Trading

Since there are a lot of questions about the ORB trade here is an example with the rules noted right on the chart. Simple strategies work best.

Ramblings of a Forex Junkie

[quote=billytt;6596137] Most pairs move about the same but I wouldn't advise anyone to use a method without testing it on the pair they want to trade.

Ramblings of a Forex Junkie

I only do the ORB with EU around London open. I haven't even tested it with any other pairs or market opens. This would be something for people to test if they want to trade around other opens and with other pairs. This is a simple method to test so ...

Ramblings of a Forex Junkie

Slow and steady does win the race.

Ramblings of a Forex Junkie

The ORB trade is still alive but only just. I am starting to think we are never going to get a runner. Runners only happen a few times a year but many years it has already happened once. We are through the first quarter with nothing but a few two ...

Ramblings of a Forex Junkie

I have always been pretty happy with them knowing that they open spreads up to ten or twelve pips on BIG news events. Today though on weekly unemployment wider than twenty pips is robbery. the real spread at the time was only a few pips more than ...

Ramblings of a Forex Junkie

As you guys know I am doing this fxbook with my test account. An interesting thing happened this morning. I had a short position in GJ prior to the unemployment news. In my regular account the trade did fine. In the Oanda account the spread went so ...

Ramblings of a Forex Junkie

I didn't put my explorer up to measure against yours. I put it up because TPO asked. I understand how to read your explorer but what I am trying to say is that if you are fishing for clients they are going to want to know how much money you are ...

Disciplined -The PAMM Account