As we have discussed with respect to my struggles with holding trades for larger gains. I sometimes look like a donkey when price is trending well but on more typical days when I take profit at 3/1 I look like a genious. I don't think it is viable ...

Ramblings of a Forex Junkie

No need to cherry pick Hanover. This chart shows two EJ trades I posted last week. I bought the previous day low and sold the previous day high on these two trades. On a fifteen minute chart (The timeframe I use for entry) these entries were just ...

Ramblings of a Forex Junkie

Shame you stopped reading. I went on in the thread to explain the significance of these areas, why I use them, and how price reacts to these areas over and over.

Ramblings of a Forex Junkie

Exactly, I found the method that gives me the smallest possible stop for the largest gain. Risk reward is key in trading because we are going to have losers. The winners must be substantially bigger than the losers for us to have any meaningful ...

Ramblings of a Forex Junkie

I don't know the extent of your poker skills but if you are good it probably cuts several years off the trader learning curve. The two activities are so similar. I play in Atlantic City a lot and the number of traders there on the weekends is ...

Ramblings of a Forex Junkie

Use the search function at the top of the page. Read everything posted by Peter Crowns, The Real Thing, and Jack Larkin. Then you need to decide how you want to trade. I would say you could do worse than the methods I have described in this thread. ...

Ramblings of a Forex Junkie

One of the biggest hurdles to overcome in learning to trade is that our ego is often tied to the success or failure of an individual trade. We humans are wired to fear failure and avoid it at all cost. Trading is almost completely about failing ...

Ramblings of a Forex Junkie

Kind of hard to be wrong when you say its oversold but bearish. Will be easy to come back later and say: see I was correct it went up/down.

Watching currency movement day to day

You're most welcome. I won't stop until I have nothing more to say. That'll be a while.

Ramblings of a Forex Junkie

Ouch!

Ramblings of a Forex Junkie

The only people here that care about vouchers or any other such BS are unsuccessful traders. Success breeds confidence and confident people do not need the acceptance of others, particularly strangers on an internet forum.

Ramblings of a Forex Junkie

I maintain a thread here. It is a much larger time commitment than I expected. I will say that for me the motivation is to give back a little because the pieces that eventually coalesced to become my trading method were in a large part found here ...

If it's such a great system, why isn't there a Trade Explorer attached?

I got help here. I lurked and read for four years before I joined. Many of the people who helped me will never know it. I thought it might be nice to pay it foreward a little.

Ramblings of a Forex Junkie

In all seriousness this is somewhat true. I had no intention of this becomming a system thread. I think it is easy for anyone to repeat the same old truisms and sound smart. Problem is, you have no way of knowing whether that person can trade. I ...

Ramblings of a Forex Junkie

Thank you. I like to make money, couldn't care less how many pips are involved.

Ramblings of a Forex Junkie

Did you have a bad day?

Ramblings of a Forex Junkie

EJ opened up at 123.210. Previous day low was 123.186. Price traded up during European trading then during London came back down to test the open price. It traded down a bit then rose 200+ pips during London and NY. Textbook daily open trade. Green ...

Ramblings of a Forex Junkie

Just when I wrote off UJ the other day I see that it had the least drawdown and the best R gain of all the yen pairs today. Maybe one day I'll get the hang of this pair. I hope everyone has a great weekend and I will see you guys Monday. Back to ...

Ramblings of a Forex Junkie

Which pair/s did you trade? EJ and GJ behaved perfectly. Glad you ended the day in a nice profit.

Ramblings of a Forex Junkie

Yep EJ made 4/1 no problem. Shows why its important not to have a bias. How many people do you think shorted when EJ went below yesterday's low on the "breakout", after all it had to keep going down after the big move down yesterday.

Ramblings of a Forex Junkie