Yes I do. It has been cleared of everything but the trade platform, antivirus, and OS. Speed is everything in trading execution. I never use the trading computer to do any search or web browsing. Still windows is so fragile I have the occasional ...

Ramblings of a Forex Junkie

Me either I was actually ready to turn off the trading computer until the little stop run. Now it is going off.

Ramblings of a Forex Junkie

I was going to set it to breakeven but I thought, why do that, so I closed it. then the news hit so I did this: image Now I am up for the week nicely. This is bad news for you guys living in Europe. Protect your money. Reduce your deposits and ...

Ramblings of a Forex Junkie

It is Monday look at the range on EU.

Ramblings of a Forex Junkie

Getting pretty hard to hold the long from the weekly low Olarian. The news was just dollar negative and a surprise drop but it seems that no one has the gonads to get long the Euro. I am going to tighten the stop to the entry. I don't normally do ...

Ramblings of a Forex Junkie

If I didn't have family coming this week I would have gone to Florida. It snowed here yesterday. Hell its the end of March. Where is the warm weather. My heart isn't in it this week. Want to be sitting on a beach sipping adult beverages.

Ramblings of a Forex Junkie

Don't forget for all the US traders, Monday is back to the usual times as Europe catches up with their own summer time change. Daily open will revert back to midnight Eastern. I know it is 04:00 GMT but everyone is on the same page due to the time ...

Ramblings of a Forex Junkie

Quite a non-reaction to the news. Most of the traders have gone away for the holiday. Don't expect to see too much movement the rest of the day. I think most are tired from the move yesterday and made their money and left for the hamptons.

Ramblings of a Forex Junkie

Thanks to my fantastic performance yesterday and the unreal range today I am up .31% for the week. Hey guys its Easter this week. If I decide to trade tomorrow it will be the last day I trade this week. My sister and niece are coming to ...

Ramblings of a Forex Junkie

Consumers are 70% of the US economy. If it weren't for the crowd spending more than they earn we would be back in 1929 right now.

Ramblings of a Forex Junkie

I want to give you some red flag items to look for with a signal provider. They should make their open trades public. Private open trades is a big red flag as this allows them to hide open trades that are in loss. They can have a good looking growth ...

Signal service skewing results: Is this normal?

Yes monthly for highs and lows. Weekly or monthly levels require the stops to be adjusted to the appropriate timeframe and will mean a longer time horizon for the trades. I have never tested or traded monthly levels so I can't really help you on the ...

Ramblings of a Forex Junkie

No I took it. I just didn't have the markers in the chart when I saved the other trade. I didn't go short on the retest because of the ATR and the weekly level just below. I knew I would be longing at the weekly level.

Ramblings of a Forex Junkie

No the stop for this is 51 pips. The stop number on the chart is my daily number. I started putting it on the chart each day so I don't have to keep refering back to the ATR each time I set my stop loss. Sorry for the confusion.

Ramblings of a Forex Junkie

I took the long at the previous week low. Might stop out or might go up. The gap from two weeks ago still hasn't closed so the possibility always exists that the low could propel the price back up there. If not no big deal I will short a retest if ...

Ramblings of a Forex Junkie

Thank you!

Ramblings of a Forex Junkie

I don't like days like this. The one way action doesn't allow for me to get into a move after it has started and there are no retracements. If you miss the critical first entry like I did today you just miss out on the big move. I made one percent ...

Ramblings of a Forex Junkie

I gave the stats for the London breakout in post 80. Currently the win rate has increased a little now about 65%. The uncompounded returns are at 64%. The levels method gives me a hit rate just under 60% with a R/R about 1.8/1. This is after two ...

Ramblings of a Forex Junkie

This is correct. Friday candle ends for me at midnight Eastern or 05:00GMT during summer time. If you want to use the weekly levels you can use one hour or four hour charts. Same principals apply. You want some separation from the weekly open then ...

Ramblings of a Forex Junkie

You are correct that the highest trading volume is during London. I use the earlier time for good reasons but the London open will work. You will miss some good moves but you will get some good ones too. Sometimes my daily open will have us on ...

Ramblings of a Forex Junkie