The price levels, to include the OR, are an area not an exact price. I don't have a problem with entering a few pips from the line as there is often competition for the entry in these trades. Just adjust your trade size to allow room for the ...

Ramblings of a Forex Junkie

I did take the trade. It was a mistake. I don't have an excuse. I was tired and wanted to go to sleep. A chart to explain the proper trade: Red vertical line is the candle representing my daily open. Price traded down to the Previous week close ...

Ramblings of a Forex Junkie

Taking a shot with this one tonite. Weekly open, daily open, and London close, all within a five pip space. It will either work out or fail spectacularly. Targeting Wednesday low for 2/1.

Ramblings of a Forex Junkie

Yes, the supply and demand levels he teaches. I don't use them to enter trades but I do use strong ones for exits.

Ramblings of a Forex Junkie

Interesting action today in the four favorite pairs. EU) Daily open trade sent price into the supply area I highlited in my earlier post. I was fortunate to exit into the supply and bank a nice little trade before going to sleep. The price then ...

Ramblings of a Forex Junkie

The post is too old to edit. I gave the times in GMT so that people could make their adjustments based on a time that never changes.

Ramblings of a Forex Junkie

Make sure you are prepared for a potential stop out. A short at the weekly close may well work out but be cautious as I would prefer to see price get a little lower then retest from below. Maybe a bounce off the last week low first.

Ramblings of a Forex Junkie

Yes I would say that maybe 80% of my trades are triggered during London. It hurts to have to stay up so long into the night. Really working on the wife to move to a kinder time zone.

Ramblings of a Forex Junkie

The second thrust down should not have surprised you as it was pretty much a measured move of the news bar. Another great news trade today on EU

Ramblings of a Forex Junkie

You are catching on quickly. As you have noted areas where multiple key levels are the same or very close together are usually great trades.

Ramblings of a Forex Junkie

I made sure to post all my times in GMT when explaining things but with a worldwide forum it is inevitable that there will be time zone confusions. EDIT: Its funny GMT is simple enough but then you add in EST, EDT, CET, BST, and all the other zones ...

Ramblings of a Forex Junkie

What I was trying to say and may not have been clear on is that the Daily open that I use and the Daily open GMT have about the same success rate. You can use either one. Sometimes yours will work and mine fail. Sometimes mine will work and yours ...

Ramblings of a Forex Junkie

I am aware of that I was clarifying that you were talking about London. He thought you might be talking about US time.

Ramblings of a Forex Junkie

Yes we are currently only four hours behind you it is normally five. When you guys switch to BST we will be back to our normal market times compared with London.

Ramblings of a Forex Junkie

OK guys just made a quick scalp off the Tuesday high on GJ. I don't have time to babysit the trade I have an appointment today for tax preparation. I think I'd rather have some teeth pulled with a pair of pliars. There are lots of posts I need to ...

Ramblings of a Forex Junkie

Yes he means midnight and 8AM London time. The london open and midnight work about the same as the US times.

Ramblings of a Forex Junkie

Ha Ha would have been a nice place to short. Looks like a great exit now. I figured price would go down a bit and then go to the Tuesday high but I just wanted to go to sleep.

Ramblings of a Forex Junkie

This is what I have done this morning. I thought I would post this to show an example of how I use Seiden levels for exit. A chart: note the supply zone to the left. This was a poorly executed daily open entry (about three pips too high) with Seiden ...

Ramblings of a Forex Junkie

You are contradicting yourself Kanzler. Knowing how to trade well and doing it are two very different talents. You know my way of trading, it is very tough mentally to step in front of a fast moving price. The coach not having physical ability but ...

Why are most Forex Authors not active Traders?

I just wanted to take a few minutes to run down the day's activity across the four pairs I trade most. EU) Traded down from the daily open and triggered long off the weekly close/open (only five pips apart this week so trade the middle). This one ...

Ramblings of a Forex Junkie