Olarian, I'm curious to know if you plan to hold your short through the weekend. I am out as of 1.3020 in the test account. I am trying to decide whether to keep these runners through the weekend in my investment account. I see the risk right now to ...

Ramblings of a Forex Junkie

Feel free to use it. Many people won't get it. The ones that do will probably be profitable traders.

My mentality - my problem

How's it going, haven't heard from you for a while.

Ramblings of a Forex Junkie

This is going to cause a problem for you. Trading is not about money. Trading is about consistently making the correct decisions. If you make the correct decisions you will make money. If you chase money you will continually make poor decisions.

My mentality - my problem

I have always had a problem with balance in my life. I am something of a workaholic and have a problem with perfectionism. I have had to fight it continually in my trading. My children have helped with this. Many other things lost importance when ...

Ramblings of a Forex Junkie

I just noticed your explorer is demo. I know I will be going against a lot of the advice given on this forum but demo is of very little value. I would say that you might have a little easier time in conquering your discipline issues if you open a ...

My mentality - my problem

Thank you. Things are getting easier. We are moved into the new house and getting settled. I am ninety percent finished with the painting and preparations to the old house to get it sold. The kids are happy and doing well. And the new trading method ...

Ramblings of a Forex Junkie

The thread starter has a discipline problem. You can see it in his answers. He has stated that he gets greedy after making some money and wants more. Wanting more money is not a trade set-up. Just as with all traders he will either learn to have ...

My mentality - my problem

I use the 5 day ATR for intraday stops and the 4week ATR for intraweek stops both smoothed with the 5 and 4 period ema.

Ramblings of a Forex Junkie

The usual suspects. EU, GU, EJ, and GJ. I am always watching which ones are behaving best and switching back and forth.

Ramblings of a Forex Junkie

Nice trade, I am still in from last week's low. I am holding for the lows at 1.3025. Thinking Asia might push it down tonite. Never know.

Ramblings of a Forex Junkie

Agree completely. Not a good bet.

Ramblings of a Forex Junkie

This is my first real move into longer term trading. I have always been on the fifteen minute up to one hour charts. I intend to keep the lows and highs for at least three weeks. I don't want too many in the chart as I think that would lead to ...

Ramblings of a Forex Junkie

There will be weeks when the initial weekly open is not hit again. When this happens I will trade each day's open in the same way until there is an entry. Of course, if a weekly high or low is hit first that will be the initial entry. A chart to ...

Ramblings of a Forex Junkie

Had I traded this week off the four hour chart I would have been long off the weekly open and probably exited when the two pinnish doji type bars were broken to the downside. I don't know if I would have shorted or not. It was in the area of a ...

Ramblings of a Forex Junkie

The rules for the weekly levels are basically the same as the daily. The weekly open is still 05:00 GMT on Monday morning. I will still look for at least two bars not touching the open price before an entry is triggered. I will be using four hour ...

Ramblings of a Forex Junkie

I close all trades on Friday by one or two hours before market close. I am not a fan of holding trades over the weekend. Price can gap past your stops. I don't have any really good reason other than that. Of course you can also benefit from gaps too. ...

Ramblings of a Forex Junkie

After a couple of iffy days the new schedule is working out nicely. The kids are in bed by 9:30 and I go to sleep at 10:00. I don't have to get up until 4:00 am. Six wonderful hours of sleep. I am still able to make good pips so I think this is ...

Ramblings of a Forex Junkie

A little, still transitioning.

Ramblings of a Forex Junkie

I don't insist that the price be touched exactly. Often the best trades are tough to get to the pip as they are places where there is competition for the entry. Many of my entries are three or four pips away from the level.

Ramblings of a Forex Junkie