Ok so why wait for the fifteen minutes to pass? Two reasons: 1. The news gets digested and the true direction is in place for the move. If the news bar breaks out the next bar that may be the direction for the coming days. If the inside bar forms ...

Ramblings of a Forex Junkie

The hit rate for this is fantastic. Over ninety percent. And it can be used for all really high impact news. NFP, rate decisions, etc.

Ramblings of a Forex Junkie

All of this is in the thread. Please read it and come back Monday with your questions to clarify things.

Ramblings of a Forex Junkie

For those of you with big balls 1.2950 would be a nice target.

Ramblings of a Forex Junkie

I just exited with 27 pips. If any of you sold at yesterday's high and held for the NFP drop I would love to see it. I was asleep when it turned around. I actually lever up a little on these NFP trades so 27 pips was a nice day.

Ramblings of a Forex Junkie

If you go to the systems forum there are several hundred bad methods that have been shared over the years. Should be plenty to keep you busy.

Are you willing to share your poor/ bad/ loser/ lousy system?

Here is the trade 34.3 pips.

Ramblings of a Forex Junkie

Two chart examples. First chart is ECB decision today green lines are bracketing news announcement bar. Took breakout long. Second chart is NFP from Feb. It is a good illustration of the inside bar breakout.

Ramblings of a Forex Junkie

I can't find the post where I described the NFP strategy either. Here it is, very simple. The report comes out at 08:30 eastern 13:30 GMT. The fifteen minute bar from 13:30 to 13:45 is our focus. If the next bar (13:45 to 14:00) is an inside bar ...

Ramblings of a Forex Junkie

The spread on EJ is not big and it trades very nicely during European and London trading. My spreads on EJ are typically only half a pip larger than EU.

Ramblings of a Forex Junkie

Five to fifteen is an ideal but not a requirement. I would get nervous above fifty or sixty because a complete retracement that big could mean a fundamental change. The only real hard and fast rule I stick to is not entering a position after London ...

Ramblings of a Forex Junkie

EU and EJ have been sweet for several weeks now. I can't really see any good reasons to get into any other pairs. Did you see the great move on EJ today? Textbook daily open entry.

Ramblings of a Forex Junkie

GU has always been a little harder to trade for me. The rumors right now are that Soros and the BOE are battling again so not a pair I want to get involved in right now.

Ramblings of a Forex Junkie

The London breakout candle wasn't really that big only about 38 pips. It just looked really big because of the puny range this week.

Ramblings of a Forex Junkie

The green line on that chart is My daily open. If it lines up with London close that is great, another supporting factor. I have only been trading EU for the past two weeks trying out my friend's method. I haven't really looked at any other pairs. I ...

Ramblings of a Forex Junkie

Hi Olarian, Did you have your long pending order for the opening range? I hope this one will hold through tomorrow. Hard to get a runner NFP week.

Ramblings of a Forex Junkie

Daily open has not failed this week on EU guys. I am almost done with my two week test of the other method and have come to the conslusion that I am just going to have to stay up and trade my method. I can sleep when I am dead. I have made money ...

Ramblings of a Forex Junkie

There have been several side discussions lately about lots of different styles of trading. That's fine, we all are learning new things. I just want to bring everyone back to the meat of the thread. What works? This!

Ramblings of a Forex Junkie

If the last week low had been hit during normal market times I would have taken it without hesitation. I may have to look at this as it was certainly a good entry in hindsight. I don't like taking trades at the market close, however trading for ...

Ramblings of a Forex Junkie

No cut, out of the shorts at BE. Looking for a new opportunity.

Ramblings of a Forex Junkie