I think one of the most interesting aspects of trader psychology is the requirement to overcome the conditioning of most humans to fear loss as much as they fear physical harm. The natural instinct of most people in a trading situation is to ...

Psychology of Trading - What are YOU interested in learning?

Well I need as many bad ones to line up as possible. I am not too good myself.

Ramblings of a Forex Junkie

Price can go anywhere. Without respect to the previous day price can go up, down, or sideways. I have shorted the top of three day runs with my rule of selling the previous day high if it is the first hit. I have bought similarly. I have also ...

Ramblings of a Forex Junkie

Thank you Steve, you are one of my favorites.

Ramblings of a Forex Junkie

I'll pop in to say hello.

Ramblings of a Forex Junkie

Feel free to post it. I will be around but more in the vein of a social gathering than anything else. I am sure that Olarian and I will at least be here daily seeing that neither of us forget to enter into the ORB trade. That thing has statistical ...

Ramblings of a Forex Junkie

Well BRV is a money manager and I have seen him do one live seminar. There was some accusations that Peter Crowns and TRT were the same person. I don't know about that but I do know that TRT (Joel Rensink) has had papers published in Futures ...

Ramblings of a Forex Junkie

Pretty much right except that the previous day low was 27945. It is the lowest low before the start of the new day three hours before London open. Happens to be Midnight here in the US. 05:00 in the UK.

Ramblings of a Forex Junkie

Don't forget screwed up sleep patterns. I am not afraid to reverse I just can't seem to stay awake to do it.

Ramblings of a Forex Junkie

You can't monitor it in a specific sense as the currency market is not centralized. What I do know from reading and experience is that there were sellers at those lows yesterday. They were in drawdown and would want to get even. Also there are many ...

Ramblings of a Forex Junkie

I would have taken it. It was classic stop out and retest. The fast moving train is often the best trade. Unfortunately I woke up about ten minutes too late.

Ramblings of a Forex Junkie

I will go farther out on a limb and say that I believe that it went higher because of the order flow around the Tuesday low. I only wish I had been awake to see it happening because I would have reversed. It is NFP week and the price likely won't ...

Ramblings of a Forex Junkie

Yes sir the last week high is WAAAAY up there. Maybe this one will run. At least one of my accounts is making a little today.

Ramblings of a Forex Junkie

I have the opening price as 28052 and two complete fifteen minute bars below it for a short entry. Wish I didn't.

Ramblings of a Forex Junkie

Here's another where the low gets taken out by the daily open. I wish it was always simple and cut and dried but it isn't. Anybody want to suggest a method that never loses?

Ramblings of a Forex Junkie

A recent example of the daily open winning out over the previous day high.

Ramblings of a Forex Junkie

They are about the same over time. Often when price closes so close to the low as it did yesterday it will go down and go long off the low then reverse when it hits the daily open and then break the low. Just as often you see what happened today. ...

Ramblings of a Forex Junkie

They are NY GMT-4 right now. I have no other ideas. In the long run does it make any real difference?

The Trader Behind the Trade™

Tough day for me I will probably call it a day if nothing good comes up soon. I will need to drown my sorrows in some milk.

Ramblings of a Forex Junkie

The GJ level is previous day low I have it on my feed as 140.94. EU level is also previous day low I have 27946. EJ level you posted does not line up with anything I do. Not sure where it came from other than a 50 level.

M&W-Trading