Olarian are you in this?

Ramblings of a Forex Junkie

Hi.

Ramblings of a Forex Junkie

It wasn't support for long. It was sold hard and in a descending triangle. I would never have done this for any real money but for the test account it was fun to do. Small stop at the top of the news bar. Big possible gain.

Ramblings of a Forex Junkie

Although I don't make it a habit to trade over the weekend I was so sure of the pattern that developed on Friday that I took this. I have the small test account for just this type of thing. This was sadly only for about 28 dollars if it was in my ...

Ramblings of a Forex Junkie

I also heard in the news this weekend that there is rumor that Greece is considering the same type of confiscation of savings. If this type of thing grows across the EU watch out below on all markets. Get long private banking countries because ...

Ramblings of a Forex Junkie

You have an Oanda account I think you said before. Log into FXtrade. Instead of launching FXtrade, launch FXnews. Once in the FXnews search FX options and you will see all the news related to existing and rumored major option barriers.

Ramblings of a Forex Junkie

You could not be more right I don't care what anyone says I only care what is happening with my trades. It is all in the price. People knew this was coming. This was the reason for the strange price behaviour and the pattern that emerged on Friday ...

Ramblings of a Forex Junkie

There is no reason to assume this gap will close (there is really no such thing as a gap but that is another discussion). Do not trade in a way that makes you try to guess where price is going. You made a trade on Friday that was the same type of ...

Ramblings of a Forex Junkie

Any pair is fine. Rough notes are good. Just want people to learn some things. You learn a lot by zeroing in on specific trade types and ignoring the ancillary bits. The questions to ask yourself are: Can I make money on daily opens alone? Can I ...

Ramblings of a Forex Junkie

Ok here's the deal. There is no need for fighting. This is a public internet forum. I could not and would not try to control what anyone says here. I have the option of banning but I am not a fan of that option. I can however control the posts that ...

Ramblings of a Forex Junkie

Google is a great tool. Forex options.

Ramblings of a Forex Junkie

Well I have just overlooked it then. I didn't know about the Monday one so 3050 will be in play the rest of the day.

Ramblings of a Forex Junkie

There's going to be a lot more of the Q&A game in the coming weeks. I am going to force this thread back to teaching or abandon it. It has gotten out of hand.

Ramblings of a Forex Junkie

What's your source I can't find it on IFR.

Ramblings of a Forex Junkie

The News bar was much larger than any candles nearby. There was no follow through. Once the low of the failed breakout candle was broken that opened the door for a move back to the low of the candle. You can't ever KNOW what price will do next, ...

Ramblings of a Forex Junkie

It definately looks like someone is holding it above 3050. Its made easier after London close, thinner market now. When this option goes out look out below. I can't find the expiry on this one looked everywhere I know to look. It must be vanilla as ...

Ramblings of a Forex Junkie

No three tenths of a pip is not a close outside you need to be able to see it. When there is no follow through on a big candle like this you can usually make a nice trade in the other direction. This is similar to the inside candle trading with NFP.

Ramblings of a Forex Junkie

Beautiful. You are the best. It is safe to hold for the low of the range when this happens. You can use a stop and reverse above the high because if it breaks back above its off to the races.

Ramblings of a Forex Junkie

This is why I don't trade patterns. Some people see a bull flag or pennant. Others will see a descending flat bottom triangle. Both have very different results. I see a news bar which has resulted in short term support and resistance. Tantum is ...

Ramblings of a Forex Junkie

That's right, every bounce is lower. It COULD break down and move all the way back down to the close from last week. It is after London so I won't bother with this but there is a chance that this can roll over. S&P and Dow are both in possible sell ...

Ramblings of a Forex Junkie