BW Diamond said: " I recall you mentioning the GU in reference to London close, but GY sounds promising as well. Thank You." Worked out pretty well today.

Ramblings of a Forex Junkie

All parts of the US that observe daylight savings time will move forward one hour. Does your country have a time change? If not you don't have to worry until the European and British changes on March 31.

Ramblings of a Forex Junkie

For those of us who trade from the US, daylight savings time is coming up this weekend. Europe and London don't go to summer time for a couple of weeks so we will need to make the appropriate adjustments in the opens and closes. British and European ...

Ramblings of a Forex Junkie

NFP was today. Yesterday was ECB rate decision. The reason I think that the players in the know got short at yesterday's high this morning was because of the big jump in price yesterday after the ECB did absolutely nothing. They use news to push ...

Ramblings of a Forex Junkie

Well I would argue that those "in the know" pushed price up to yesterday's high and were short for the whole move to the weekly low. I wish I was that good. I would have shorted yesterday's high had I been awake but I don't know if I would have been ...

Ramblings of a Forex Junkie

I should clarify this. When I say breakeven I mean I moved the stop to the breakout level from today. The trade was entered on yesterday's breakout. When price closed above the range today the stop got moved to the range low. I was stopped out when ...

Ramblings of a Forex Junkie

Personally I wouldn't bet a dollar on a fib. I want to trade in the direction of much larger players. Ask yourself: Who has the money to push the market into a price level against the trend? Who has the money to push price into an option barrier ...

Ramblings of a Forex Junkie

[quote=diamonddbw;6502162] Forgive me if the advice I give is basic but I am using your post to speak to everyone. I hope the less experienced ones will take the time to do this work. If you are already profitable you either already have done this ...

Ramblings of a Forex Junkie

Stopped out at BE, had moved the stop up from yesterday's long as soon as the one hour breakout occurred this morning. I would not enter it this morning as NFP was coming and I only trade the NFP breakout on this day. Yes the NFP breakout I use is ...

Ramblings of a Forex Junkie

As you seem to love closes I want you to do a project this weekend. I have included a chart to get you started. I recommend this pair for trading London closes. Red line is Tuesday London close. Green line is Wednesday London close. Blue line is ...

Ramblings of a Forex Junkie

They aren't reliable enough for me to enter trades using them. I sometimes use them for targets.

Ramblings of a Forex Junkie

This breakout also works on EJ. It isn't quite as reliable maybe 80ish percent but today was fantastic. With my broker the spread on EJ is quite low too only around 1.7 pips.

Ramblings of a Forex Junkie

Based on the last few reactions to news it looks as though the dollar might be moving back to being the risk currency for a while instead of the safe haven. Over the past couple of years the euro has benefitted from good us news. It seems that US ...

Ramblings of a Forex Junkie

We have hit the low from last week and are way past ATR. If any of you haven't taken the hint yet you should be out of your NFP trade now.

Ramblings of a Forex Junkie

I think most of the ones who have been with the thread all along knew to exit at daily or weekly low. Your advice is excellent and I wish more would heed it. I have a philosophy about trading and have tried to convey it but I can't have everyone ...

Ramblings of a Forex Junkie

I can tell, it was also for all the other to read.

Ramblings of a Forex Junkie

If you are shorting now plan to hold it over the weekend. We have moved over 180 pips already today.

Ramblings of a Forex Junkie

Glad I could help, now don't do it just because I said it. Go do some digging this weekend and convince yourself.

Ramblings of a Forex Junkie

Vouched you are obviously thoughtful and self reliant.

Ramblings of a Forex Junkie