Here's why I would not have shorted there. If you take a look at the chart we had chopped around the daily open level all morning. We had a winning short off last weeks close and price had gone down and rejected the weekly open. As the weekly open ...

Ramblings of a Forex Junkie

Lots of questions guys. I will answer them all in full a little later. I am busy with some outside business. This is what I did last night. image The EU has been textbook the last two days on levels. The ranges so far this week have been abysmal ...

Ramblings of a Forex Junkie

I think it would help me a lot just to move out to your part of the country. At least there I would be able to start at 9PM. I am a bit of a night owl but I don't like staying up ALL NIGHT LONG especially now that I have the twins and have a little ...

Ramblings of a Forex Junkie

Thank you!

Ramblings of a Forex Junkie

Great! You are fortunate to live in a very good time zone. When you begin full time trading you will be able to live a normal life. I have to be up all night here to trade. My daily open is 06:00 there in Germany, that is a decent time to start. I ...

Ramblings of a Forex Junkie

I rank losing well third in importance. First and absolutely mandatory is a method with a positive expectancy. Second is discipline, you must enter only at strategic points where your edge is most reliable. Third is losing well, you must eliminate ...

Ramblings of a Forex Junkie

Bank holiday in the US, if you are not done trading you can be fairly sure price is done moving.

Ramblings of a Forex Junkie

Unfortunately not I have been so busy lately that I can't afford time for any recreation.

Ramblings of a Forex Junkie

See you guys later got to go.

Ramblings of a Forex Junkie

What do we do with weekend trading with respect to daily highs and lows? For my trading I take weekend trades as an extension of Friday. For me its like Friday never stopped and the weekend trading continues into midnight Sunday night. If the ...

Ramblings of a Forex Junkie

Hi scotty haven't seen you for a while. Are you taking flying lessons yet?

Ramblings of a Forex Junkie

As a side note GJ had a really small range today and EU made a nice daily open trade so the yen dominance may be lessening. Something to keep an eye on because I want to be back to trading the dollar pairs when they reasssert themselves.

Ramblings of a Forex Junkie

I do want to hold for larger gains. Typically I take profit at 2/1-3/1 RR or at the next level. I would say that maybe a third of the exits I have shown here have been at a level the rest at a RR that I like. I have a rather large history to show me ...

Ramblings of a Forex Junkie

I often do.

Ramblings of a Forex Junkie

People often speak of confirmation as if it somehow reduces risk in trading. It is actually the opposite. I am a touch trader. Once I place a level on a chart I will trade it if it is the first level hit for the day. This reduces my risk to the ...

Ramblings of a Forex Junkie

You should understand completely the market you are trading. These papers explain the structure of the markets and the resulting price reactions when liquidity is added and or removed from the market. With a thorough understanding of the market's ...

Ramblings of a Forex Junkie

My gift to the very few who are willing to spend the time to learn.

Ramblings of a Forex Junkie

I won't evenbother looking at any charts until 05:00GMT.

Ramblings of a Forex Junkie

No idea; I don't forecast or trade with any bias.

Ramblings of a Forex Junkie