No you are on the right track. Now look closely at the candles. The 08:45 broke out then closed back inside. Where might you want to place a sell order?

Ramblings of a Forex Junkie

I didn't take it either. A couple of reasons; The weekly high too close, Its Friday, CPI isn't high on my list of tradable news items, and it wasn't much of a beat above estimates.

Ramblings of a Forex Junkie

I just posted a chart. Look at the bracketed area. What do you see happening here? What possibly happens if there is a close outside this area?

Ramblings of a Forex Junkie

This is the news bar for PPI. This could be viewed as a failed news trade but there is a tradable and repeating pattern here. Anyone?

Ramblings of a Forex Junkie

You can really use either. For these two weeks we are one hour off with respect to London. After they go to BST then you can go back to midnight eastern. Most of the time it will make little or no difference which one you use. You can also test ...

Ramblings of a Forex Junkie

A learning moment: Why do you think this is so?

Ramblings of a Forex Junkie

I lost my nerve at 1.31. Looking like a good exit now. I thought we might make the high from last week but now it isn't looking so good. I made 0.12% on the breakouts this week. Maybe I'll go out and buy a steak with my winnings.

Ramblings of a Forex Junkie

I didn't trade today. I am busy right now I will be back later to make a few comments. I don't really trade Fridays much any more except for NFP. Sometimes the price action on Fridays can be goofy. Please people go back as far as you can and test ...

Ramblings of a Forex Junkie

The 20% stop for GU yesterday was 21 pips plus spread, and the drawdown on the trade was nineteen. If your entry is not perfect, exactly at the line you need to add enough to the stop to cover the difference. You may also want to consider adding to ...

Ramblings of a Forex Junkie

Testing the weekly open right now. I have it too and if this holds we have a good chance to get a runner tomorrow.

Ramblings of a Forex Junkie

This works well on all markets. Index, equities, metals, softs, Oil, pretty much anything you can think of. Of course the opens, closes, etc. will be specific to each product but the basic method is the same.

Ramblings of a Forex Junkie

Ok London is closed. What happened today? EU) This was an odd day for EU. The daily open triggered a trade long During the London open and it ran out of gas at about 1/1. When the price broke below the daily open there was no retest. A long at the ...

Ramblings of a Forex Junkie

I focus primarily on the US news releases. It is the biggest economy in the world and the US news hits when London and the US markets are in full swing.

Ramblings of a Forex Junkie

For the next two weeks London open is 3AM for you. Enjoy "sleeping in".

Ramblings of a Forex Junkie

Ok that should be good if you can adjust to the schedule. You probably know already that you overtraded today. Seven trades is too much. I take seven trades some weeks with the key levels method. I recommend to you that you take one trade on a euro ...

Ramblings of a Forex Junkie

I see you live in the central time zone. Are you able to trade during the european and London sessions or do you do most of your trading during NY?

Ramblings of a Forex Junkie

This has been a difficult week for the post 80 breakout method. Last week was good though and the odds are that next week will be good too.

Ramblings of a Forex Junkie

Any level will lose some of its effectiveness if tested many times. The market mechanics are the reason for this. Each time a level is tested from below more of the sell orders are absorbed. Once all the sell orders are gone, presto the level is ...

Ramblings of a Forex Junkie

I am up just over ten percent for the month of March. I have made plenty of mistakes and missed lots of trades due to sleeping during the best market times. The method gives so much opportunity to someone who can trade it properly and stay awake and ...

Ramblings of a Forex Junkie

I am the Marines when it comes to trading mistakes. I make more mistakes by 8AM than most people make all day. Luckily I trade a method that lets me overcome the mistakes and make a profit. I actually took three trades last night and squeaked out a ...

Ramblings of a Forex Junkie