You are delving into the psychological side a bit here. From a learning standpoint you are probably right. You can learn a lot from taking bad trades. As a practical matter though for the survival of your trading account it is far better to be flat ...

Ramblings of a Forex Junkie

Running profits has been a problem for me. As I try to transition to longer hold horizons with my trading it will resurface as a problem again. In the past few years forty to fifty pips has been a good and profitable day for me. As I try to ...

Ramblings of a Forex Junkie

Some things to ponder: It is far better to be flat and wish you were in a trade than to be in a trade and wish you were flat. No position is a position Entering trades is easy, profiting from those entries can be hard. Winners must be larger than ...

Ramblings of a Forex Junkie

I like Asia.

Ramblings of a Forex Junkie

Too cold, Tenerife maybe.

Ramblings of a Forex Junkie

It has caused some problems. That is the reason for the changes.

Ramblings of a Forex Junkie

Never done a firewalk. I do have some experiences in life that make losing a little money shrink in comparison. Some days it just takes getting hit by the train in order to figure out which way its going and jump on board.

Ramblings of a Forex Junkie

I answered a pm just now and I thought I should post here to expand on my earlier post about the new method. The method I have taught here is not broken. I have not abandoned the method. I have spoke at length in the past few weeks about my time ...

Ramblings of a Forex Junkie

It was already tested from above you are correct. After the Italian elections and with price coming down so hard I may have waited for a short there. I am not sure, I did not watch it. I had set my EJ trade and gone to sleep. This weekly open/close ...

Ramblings of a Forex Junkie

Olarion, I am sure you don't want to stay up too many hours to trade. I want you to take a look at the opening range breakout you took today. Notice after you were stopped out of your runner you got a close and retest on the short side. I don't know ...

Ramblings of a Forex Junkie

I have to begin by saying I was trading EJ today as I have been in the yen pairs for the past weeks. In looking at EU from today I am sure I would have taken a loss at the Friday high. I might also have taken a loss at the weekly close/open level ...

Ramblings of a Forex Junkie

Daily demand on EU let the battle begin.

Ramblings of a Forex Junkie

Daily highs and lows are always valid set-ups. That is not to say they always work. That is why we use stops and try to make sure our winners are bigger than our losers. We only have to be right with our trade entries a little better than half of ...

Ramblings of a Forex Junkie

Complete answers in a couple of hours. My son has an appointment with the pysical therapist in a few.

Ramblings of a Forex Junkie

I consider the weekend as an extension of Friday. My week doesn't begin until Monday morning. Therefore the weekend data for me is the Friday high if it is higher like this one. Of course if the weekend activity is within the high and low of Friday ...

Ramblings of a Forex Junkie

EJ was especially kind today. Daily open went 3/1 and the weekend high rejected back down for 3/1 and running.

Ramblings of a Forex Junkie

For those of us who use midnight eastern as our weekly open. Take note that the close from last week and the weekly open are the same price. This level will be a battle zone if price comes back. This level is also rather close to last weeks low so ...

Ramblings of a Forex Junkie

You exited properly. You got 1/1+ and moved your stop. That is all there is to do. If you feel that you should protect a portion of the profits on the remaining half of your trade I wouldn't condemn the decision as you had at least ninety pips and ...

Ramblings of a Forex Junkie

For the next two weeks I will not be posting any charts. I am testing a strategy that a friend showed me that has some great stats. He wants it to stay private so I cannot share. To make sure I don't accidently show any of the trades I will not be ...

Ramblings of a Forex Junkie

Price has hit resistance at 3320. It doesn't mean it can't go up more but it does mean there is a decent chance it will come down. Sometimes the runners survive for days sometimes not. Maybe eight or ten times a year you will get a nice trade on ...

Ramblings of a Forex Junkie