What I have found is that many times whatever level is strongest is the first to get hit. As you know I normally sell daily highs and buy daily lows. If however I get an entry short off the daily open I will try to hold the trade through the daily ...

Ramblings of a Forex Junkie

The detail is a little too small for me to see as you have it shrunk down a lot. What I would do once I had identified my trend is to just start selling every weekly high or buying every weekly low to join that trend. In trading this way you will ...

Ramblings of a Forex Junkie

I'd say obsessed is a fair term for me. At least my wife would agree. Its the first thing I do in the morning before the kids wake up. Its the last thing I do at night before I go to sleep. I have played a lot of poker and it is very grinding. At ...

Ramblings of a Forex Junkie

Ha ha, you want to aim for a much higher level than I am on, I sure am. Spend some time with a few charts. If you want the trend following long term approach identify a nice trend on the weekly chart and look for those retracements where you can get ...

Ramblings of a Forex Junkie

Point taken. I wouldn't argue with anyone making money longer than two years. I have a lot of respect for you as you have been vouched by some of the people I respect on this forum.

Ramblings of a Forex Junkie

A question Hanover: are you a commercial only because you are a paid coder? I have never seen you selling anything.

Ramblings of a Forex Junkie

I would argue that methods that only work on specific timeframes are really not robust methods. The method I use sometimes actually relies on news and liquidity spikes etc to push price to the entry point. You can literally go to any timeframe and ...

Ramblings of a Forex Junkie

If I were a trend follower what would be the lowest risk entry in a market that is in a downtrend? Is is the breakout to new lows with a 400+pip stop to the last swing high or catching the upper end of a retracement by selling a weekly high or a ...

Ramblings of a Forex Junkie

Earlier in the thread I made the statement that the job of the trader is to make good trades, nothing more nothing less. So how do we know if we are making good trades? First are the discipline oriented answers. Did you follow your plan? Did you ...

Ramblings of a Forex Junkie

I find this is true especially with reading. If you have read some of the papers I linked early in the thread you will agree I'm sure they are ummm dry. If you are a little fatiqued these papers will put you to sleep. The information in those dry ...

Ramblings of a Forex Junkie

I was going through some charts tonite and I came across this. I think this is a great illustration that price movement is not random. Prices turn at specific places for a reason. This is a chart of GJ on Mon Jan 21 The move to the far right ...

Ramblings of a Forex Junkie

Ha Ha just realized it is Friday already. Moving has me discombobulated. Well maybe I am crazy. Also have a bit of a cold. Its the medicine yeah that's it, its the medicine.

Ramblings of a Forex Junkie

SP great thread and I like your attitude and approach. While we may have very different styles of trading, I trade mainly on the 5min charts now as it just suits my personality, I whole heartily agree with your comments that you need a plan and that ...

Ramblings of a Forex Junkie

My screw up for last night. For some reason I set the stop at ten percent. Obviously a mistake. Would have taken profit easily with a properly set stop. Two winners and one loser, enough to keep the creditors at bay.

Ramblings of a Forex Junkie

EU still below last week low and well below this week open but yesterday low held for now. Your guess is as good as mine.

Ramblings of a Forex Junkie

So far GU is behaving as advertised. Testing yesterday's high right now if that holds it may go up the rest of the day and into tomorrow.

Ramblings of a Forex Junkie

I am going to post a chart. This is a four hour chart of EJ for this week. This chart illustrates just how far I have to go in my journey to be a good trader. I have said it before I am adequate at best. I am a terrible trade manager. I long for the ...

Ramblings of a Forex Junkie

I want to stress again that I do not trade with a bias. However the GU today broke through the close from last week and this week's open. As I type this it has bounced long off today's London close and is rising. If GU signals a long trade tonite ...

Ramblings of a Forex Junkie

You were the first to answer and that was a great trade. I don't remember but I think at the time the discussion was about scalping the London close later in the session. There was a nice thirty or forty pip trade during Asia on the wednesday close. ...

Ramblings of a Forex Junkie

Thank you for the kind words. It funny i usually catch people on spelling and now I have been caught.

Ramblings of a Forex Junkie