I don't really know, that's why the struggle. Anybody trading this knows how profitable it is. I didn't start a system thread so nothing to prove. I guess because I would never post my trade reports from my main account on a public forum. I will ...

Ramblings of a Forex Junkie

Sometimes this happens with intraday trades. You will get for example a daily open trade where price goes twenty pips in your favor the quickly retraces back and takes out your stop. In most cases when this happens you can reverse direction and get ...

Ramblings of a Forex Junkie

Well that didn't go as well as I would have liked. It was pretty obvious as London unfolded that the yen pairs are still driving the bus. The Thursday low held on EU so I had to exit with about twenty eight average pips (35 on highest entry and 21 ...

Ramblings of a Forex Junkie

Glad you started this. I would add that not only is large drawdown a sign of problems but very large outsize profits are also a sign of possible trouble ahead. If you are gaining forty percent in a week you can lose just as quickly.

What to look for in a Trade Explorer

I want to come back and say something about this trade. This is the proper way to trade price action bars. Notice Xhale got a nice engulfing right at a high probability area we have identified. All the other pins, engulfings, inside bars, and other ...

Ramblings of a Forex Junkie

Yeah I'm not sure we're going to make 36. I almost posted about the blue being weekly low and stronger than the open/close but I want to be careful not to impact the trading decisions you guys make. Everybody has to find their own way. It is always ...

Ramblings of a Forex Junkie

Last week price closed very near the bottom of the range and we have now broken it to the south this week. Price hasn't even been able to rally to the close from last week yet. I don't see demand here but I don't always win on every trade. No matter ...

Ramblings of a Forex Junkie

If this breaks to the downside it might possibly be a good hold for Friday. You never know stops in place.

Ramblings of a Forex Junkie

Thank you. Stick around we have some fun discussing trading.

Ramblings of a Forex Junkie

Excellent!

Ramblings of a Forex Junkie

Dark blue is last week low. Red and purple this week open last week close. Might be a good area to take a short.

Ramblings of a Forex Junkie

I ignore Seiden levels usually. Occasionally I will take profit at one that i think will be particularly strong. I will always trade the daily highs and lows no matter where a Seiden level is. Once in a while I will miss an entry because a Seiden ...

Ramblings of a Forex Junkie

What I do is basically the same. The problem with the Seiden levels is simply that there are too many of them. Essentially I am trading three levels every day with the occasional extra level when we are around a weekly high, low, open, or close. The ...

Ramblings of a Forex Junkie

The Sam Seiden levels definately work. I looked hard at it and traded on it for a while. What I found is that I enter at a level within the box. The Seiden traders enter at the edge of the box. Price action/candle traders trade at the break of a bar ...

Ramblings of a Forex Junkie

[quote=billytt;6444285] Please start a thread on inside bars and teach away. Not what we are discussing here.

Ramblings of a Forex Junkie

Weekly open is 123.779 we were well above the weekly open. That is a Sam seiden style entry though.

Ramblings of a Forex Junkie

Don't worry about it, I am sure Cindy is just trying to protect the integrity of the forum. I am a little disappointed she chose to have John McEnroe call me a jerk. I haven't been rude to anyone.

Ramblings of a Forex Junkie

You can see from all the charts I have posted regarding weekly levels that that price is key. GJ could stay below it the rest of the week. Could be another trade of the week.

Ramblings of a Forex Junkie

Yes, I use the Monday open price (midnight eastern) as my weekly open.

Ramblings of a Forex Junkie

Correct, red is week open and purple is prior week close.

Ramblings of a Forex Junkie