I would be most comfortable taking a short at the weekly close/open tomorrow during Frankie or London if that was the first thing that is triggered.

Ramblings of a Forex Junkie

Honestly I haven't looked at GU in two weeks. I certainly wouldn't take anything on it now. If any thing I would wait and see where it is tomorrow and go from there. I don't have a lot of confidence in any level hits during a thin market like now. ...

Ramblings of a Forex Junkie

I am running mine. I will exit if there is a long breakout tomorrow. I will move it down if it breaks to the downside tomorrow. If this low holds and there is a retracement the weekly open/close is a fifty percent retracement. I think that is a ...

Ramblings of a Forex Junkie

An unusual late day move to the previous week low. I have not taken the long trade as it is not happening in a market time that I trade. I have pending orders to short at yesterday low and the weekly open/close. I will trade my normal intraday stuff ...

Ramblings of a Forex Junkie

No only if the entry criteria are met. I would move the stop on the original trade once the new breakout reaches 1/1 whether the trade was triggered or not.

Ramblings of a Forex Junkie

I think this is where the info came from. US Oil Production Surpasses Saudi Arabia's For The First Time In A ...

Ramblings of a Forex Junkie

Furthermore, Oanda will allow you to place an opposite order for a partial exit. If you are short 100,000 units and want to exit half you can place a buy limit order for 50,000 units at the level you want to exit. You have to do this on the FX trade ...

Ramblings of a Forex Junkie

Simple, if you want to trade 100,000 units you split it into two 25,000 unit entries and one 50,000 unit entry. Set the TP for each entry wherever you want.

Ramblings of a Forex Junkie

My daily open didn't trigger a trade on UJ. I don't use London close outside of pound based pairs. I might have shorted the 'tuesday high then reentered long on the failure and retest. I don't really like UJ and normally stay away from it.

Ramblings of a Forex Junkie

If there are three levels close together I will break my entry into three parts. I would use something like 25%/25%/50% to enter a full position in three parts. The stop will be as normal with a full exit. I use price behavior to decide when to ...

Ramblings of a Forex Junkie

Not really. You only have to check the hour close each hour until a close outside the range. The entry can be with a pending order. You only need to watch the hourly closes from 9:00am London. It's normally a short day.

Ramblings of a Forex Junkie

Alternatives unfortunately in their current state of development cannot meet demand. Natural gas IMHO is the future for auto and electricity fuels. NG is far cleaner burning than gasoline or coal and is plentiful. The US could get the oil to sell ...

Ramblings of a Forex Junkie

It will have its losers from time to time. I don't remember a losing streak longer than four or five trades though. The real profits come from the occasional runner.

Ramblings of a Forex Junkie

Reported on CNBC don't know their source. Been widely known ror a few years the US oil reserves are greater than Saudi's just been our political argument whether to tap it.

Ramblings of a Forex Junkie

Options are traded on currencies. These options can be huge in value (multi billions). DNT (do not touch) and other exotic options will often be a magnet to price when it gets within striking distance. The option writer and the buyer of the option ...

Ramblings of a Forex Junkie

Previous week low is the only place I would consider buying EU right now. When you bought the weekly open it was the third test of the level over the past three days. At some point you have to consider that all the orders for the level may have been ...

Ramblings of a Forex Junkie

This news was on CNBC. I get my forex news from the free Oanda feed. I only really use it for option levels. I looked into a bloomberg terminal but its very expensive and I am cheap. I don't really trade news anyway.

Ramblings of a Forex Junkie

Already tested from the long side too much over the last two days. I am short and holding through the level. Next possible buy would be the weekly low at 1.29658

Ramblings of a Forex Junkie

Every day in my investment account. I have been using this almost two years now. Compounded returns are very nice with one percent risk.

Ramblings of a Forex Junkie

It was reported today that the US is now producing more oil than Saudi Arabia. It was also reported that China now imports more oil than the US. This will change things forever if the american politicians don't screw it up. We will be able to ...

Ramblings of a Forex Junkie