Mr. Olarian, I know you are short off the opening range today. If the Weekly open/close are broken this may prove to be a very good trade.

Ramblings of a Forex Junkie

This was also the close from last week a very strong level so far this week.

Ramblings of a Forex Junkie

I missed the entry off the weekly open. Might have missed the trade of the week.

Ramblings of a Forex Junkie

I am a touch trader. It requires two things to be used successfully. You must have complete confidence in the levels you choose to trade as you will often be stepping in front of a fast moving train. You must also fearlessly take losses without ...

The Art of Using "Touch trade" !?

Ok so I am guessing if the channels from the earlier markets stack up in one direction then that gives you a direction bias for the breakout. Or do you play inside the ranges formed by these markets. Also, are you bracketing the whole market or just ...

Ramblings of a Forex Junkie

Looks like your numbered lines are high and low of first fifteen minute bar of London. Is that correct? So you are basically trading the breakout of the opening range of London and US markets?

Ramblings of a Forex Junkie

Don't forget that it's NFP this week. Its best to be conservative with trade size and profit targets. We are now in the second day trading inside the Friday range from last week. Tomorrow the ADP report will likely expand the range. Unemployment ...

Ramblings of a Forex Junkie

I hope that I am not viewed as a jerk but I am not going to answer questions from people who have obviously not read the thread. Its obvious by the questions asked whether the poster is trying to clarify a point or asking for the basics already ...

Ramblings of a Forex Junkie

I typically stay away after London closes.

Ramblings of a Forex Junkie

No problem with it. Please take the time to explain to the readers why you take the trade and your stops and targets etc.

Ramblings of a Forex Junkie

Another future salesman?

The power of range bars

Yes it was nice trading last night. Good returns. Be careful not to let your position sizes get too big or take too many correlated trades.

Ramblings of a Forex Junkie

Yes but if you are buying on the bid you are not at a losing P&L immediately like when you buy the ask. You can sell the bid with a market order as usual at no loss. Also many brokers will pay rebates on commisions when you provide liquidity. The ...

Should I use bid/offer orders (spread free) over limit orders?

Ok gotcha, thought it was EA. I have been told by my coder that this cannot be automated. I thought someone else had come up with a way. A lot of discretion in my trading so certainly not easy to code.

Ramblings of a Forex Junkie

I don't use ea's always traded this as a discretionary method. Curious if anyone has applied this yet and are they profitable as a manual method. Also what were the parameters set in the ea and did you make them customizable.

Ramblings of a Forex Junkie

Yes the exact closing time of the bar isn't so important. The important thing is that the close happen during a major market. A close during London or NY or best during the time when the two markets are both open.

Ramblings of a Forex Junkie

[quote=billytt;6486478] I think normally I might consider holding but the reactions to news lately have been very unpredictable. I am not a fan of being exposed to thin weekend markets, you ca lose your azz.

Ramblings of a Forex Junkie

It evens out in the end. The beginning of the price bar isn't important. The important thing is the price level at which you want to trade. When you sell a weekly high you can be trading off any timeframe, the price bar structure doesn't matter. ...

Ramblings of a Forex Junkie

[quote=billytt;6485981] Closed all trades. It was a good week. I haven't held a trade over the weekend in more than two years.

Ramblings of a Forex Junkie

Me too. I closed at 1.30. No guts some glory.

Ramblings of a Forex Junkie