I just wanted to post one chart to illustrate why time matters. This is GU chart from today. Yellow is London close from yesterday. Purple is Friday close. Price at time is important. Almost as important as highs and lows.

Ramblings of a Forex Junkie

You guys can post any charts you like. If it starts to go off course. If I see charts that are posted where someone says it moved because this or that indicator said it would then I will step in. Billy and 60 minute are talking about S&R and ...

Ramblings of a Forex Junkie

Long alcohol does sound pretty good. I haven't had any party time in a few months. twin babies take the party right out of you. they both have the same tree and plant allergies that I have so we are all three up all night sneezing and wheezing. Its ...

Ramblings of a Forex Junkie

I have some forced discipline because I only will allow myself to trade at specific levels. Of course if you zoom out far enough there is always a level. Last night I had about ten weekly lows and highs in a cluster between 128 and 129 on EJ. I ...

Ramblings of a Forex Junkie

I generally suck at Mondays. It is, by far, my worst day of the week. Tuesday through Thursday are my producing days. Mondays and Fridays I just dick around if I trade at all.

Ramblings of a Forex Junkie

There was a valid entry off the daily open today on UJ. I don't have much success with UJ from this price. I think its because we have to wait for NY and Tokyo for the biggest moves normally. I find that it responds to the NY close very well though.

Ramblings of a Forex Junkie

Weekly open is the same as the Monday daily open. Three hours before London open.

Ramblings of a Forex Junkie

What really makes me mad is when I mismanage a trade. I sold the daily open on GU today and the price just ranged around all morning so I closed the trade at 1/1. It is now trading right around 2.5/1.

Ramblings of a Forex Junkie

I had my order one full pip inside the level. My feed had the high at 395 and I put the order at 385. even 375 would have missed on my feed. I would have had to go down to 350 to get the entry. I won't sacrifice that much stop distance. I don't mind ...

Ramblings of a Forex Junkie

EU only. Haven't even tested anything else.

Ramblings of a Forex Junkie

EU just missed my pending order at last week's high. I hope I didn't miss the bus.

Ramblings of a Forex Junkie

I'm alive but busy.

Ramblings of a Forex Junkie

The OR is always in play except NFP. He's in if he's trading. I took my 1/1 and am holding with BE stop.

Ramblings of a Forex Junkie

Poor choice of words. I don't care who wins either. I want to try to find a way to figure out which way the market wants to go after the battle is over. If we knew who had to liquidate their open positions in a hurry we could have a high probability ...

Ramblings of a Forex Junkie

It was more of a generality than about today. Here is my thinking. Lets assume today the price wanted to go up (obviously it did). The defenders from above had to sell hard to keep price down to the 1.30 level. They built up a big book of shorts. At ...

Ramblings of a Forex Junkie

Soft pliable muscle.

Ramblings of a Forex Junkie

I am all mouse. 6'3" 245 pounds of mouse.

Ramblings of a Forex Junkie

You can get the option levels from IFR for free if you have Oanda for your test or regular account. My test account is Oanda so I get them each day to stay aware. The direction I was really going was this: Today for example the fight was to keep ...

Ramblings of a Forex Junkie

It would scare the poop out of me to just go long or short at the opening of a bar. The NY play for me is GJ. I trade the open on it a lot. I haven't spoken of that trade here so I won't really elaborate except to say that most people play opening ...

Ramblings of a Forex Junkie

Options are important. They can give you valuable target information. We have discussed it before in the thread but not in too much detail. As I said I don't do options but I do keep aware of the ones IFR report. They are useful as additional ...

Ramblings of a Forex Junkie