Interesting that you mention the yen freight train. Price bounced off the US close during the Asian market and never looked back. This happens a lot and no it would be rather stupid to trade against a BOJ action.

Ramblings of a Forex Junkie

This is true of all trading. Nothing will work every day without some losses. It is the long term consistent application of a method that tells the story. There are some constants that never change though. There are very important prices printed ...

Ramblings of a Forex Junkie

I am curious. How many traders who learned the basics of the thread are still using the trade methods? Some things never change.

Ramblings of a Forex Junkie

The boys are doing great. Thank you for asking.

Ramblings of a Forex Junkie

I am aware of these correlations and understand the math behind them but I have never used them to trade so I am not really qualified to have a opinion one way or the other.

Ramblings of a Forex Junkie

OK, a few things about the daily open trades. This must be the first level hit for the day or I don't take the trade. I don't worry too much about the R/R if there is a trend. The idea is that the daily open will trigger and then the previous day ...

Ramblings of a Forex Junkie

You'll need to be a little more specific. Most of the trades I take are fading some level so I need more information to help you. Most of the time I think it is best for someone who works full time to pick a type of trade that works well with your ...

Ramblings of a Forex Junkie

The interesting thing about this entire discussion is that none of it really matters. I could post up a three year fxbook track record and it would only show that I can trade my own method. It would in no way prove that anyone else could match the ...

Ramblings of a Forex Junkie

You read but you don't comprehend. Get to work.

Ramblings of a Forex Junkie

Now we finally come to your real problem. You think someone owes you something. This thread is not in the systems forum. I didn't provide a complete strategy here. I did provide a framework from which motivated traders could build a strategy. I even ...

Ramblings of a Forex Junkie

Things are good Billy. Boys are growing very fast.

Ramblings of a Forex Junkie

I will answer this once. I won't get into a pissing match. If I was selling something I would feel a need to prove my performance. I have nothing to sell but based on your posts I would guess that maybe you do. I showed a month of live trades and it ...

Ramblings of a Forex Junkie

My news trades are taken fifteen minutes after the announcement. My stop is always in place. The trade is taken after the spreads normalize and the news has been digested.

Ramblings of a Forex Junkie

I lost money for years before I figured out that this easy living was hard and I needed to actually learn. I did reasonably well investing and trading in stocks. When I decided to try futures I got killed. If took several years to figure this out. ...

Ramblings of a Forex Junkie

A few thoughts on this. 1) I normally take the first level hit for the day. I 2) The biggest level is most important (monthly over daily) 3) When there is a major news event like employment numbers I generally ignore levels and trade the news method ...

Ramblings of a Forex Junkie

I somehow missed your post and the one before. The higher (weekly etc.) Work fine. You do have to have bigger stops, bigger targets, and lots of patience. That last one keeps me from moving up in timeframe. I cut my teeth on fifteen minute charts ...

Ramblings of a Forex Junkie

I really don't care whether you, or anyone else thinks I am profitable. What I do care about and show up to defend against is when people with an agenda or an obvious lack of testing of the method make assertions that the methods that I use to trade ...

Ramblings of a Forex Junkie

Unless your trading style is one where you chase large runners for a substantial portion of your profits, you will make more money by taking the entire trade all the way to the exit.

Ramblings of a Forex Junkie

Actually if you want to get it correct, I put it up once and made 37%. I then did start another one which I promptly messed up by taking some experimental trades in it. I made one more attempt at putting up a clean and still took trades that I did ...

Ramblings of a Forex Junkie

If you have a method that you devise on your own. If you COMPLETELY understand how your method works and the market conditions needed to make it successful. You will then be able to determine, in real time if the market conditions are correct for ...

Peter Crown's DIBS method revisited