That ECB rate move was counter to the announcement. They cut rates and the move was up. This has me looking for the failure not the breakout. The move has to be viewed in the context of the actual news. One of the reasons for the failure of the move ...

Ramblings of a Forex Junkie

EU moved at least twenty pips today so I would not look at it as a failed trade. There were some good clues that this would happen as price was very slow to move at the announcement and took a while to turn down. I am not sure this is not going down ...

Ramblings of a Forex Junkie

Dollar yen would have been a much better choice today for NFP. It went up seventy pips. EU seems pretty manipulated right now with GU down and UJ up and EU not really moving.

Ramblings of a Forex Junkie

Not moving today so I took only fifteen pips. The move up yesterday has many people afraid to get short. It also has many people looking for any reason to get long. I think there is a possibility that EU goes lower today but I won't bet on my bias.

Ramblings of a Forex Junkie

I took a losing trade a few minutes before those. The two trades cancelled each other out, therefore net nothing. Tonight's elevator was good though.

Ramblings of a Forex Junkie

This was the result. Net nothing so a bit of a waste of time but last night was very good.

Ramblings of a Forex Junkie

News trade and they owe me.

Ramblings of a Forex Junkie

ADP miss

Ramblings of a Forex Junkie

Riding the elevator.

Ramblings of a Forex Junkie

Birthday party was great and I can't wait for NFP. It is always fun to trade.

Ramblings of a Forex Junkie

The session close prices create order flow. The London close often becomes an important price later in the day or the next day. Same is true for NY close. In fact since the NY close is also the rollover price for London and the US it becomes a very ...

Ramblings of a Forex Junkie

Busy night, going to bed. Kids' birthday party was a great time. The weather was perfect.

Ramblings of a Forex Junkie

Focus on London and NY closes. I look at session closes.

Ramblings of a Forex Junkie

If he switched to betting on red the next spin would have come up on black. It is the law of the universe.

Lessons in directional probability and risk management

About 35 here. Kids first birthday party is tomorrow and the weather is perfect for the pool. It was a great week for levels. Sideways markets are very kind to highs, lows, and closes.

Ramblings of a Forex Junkie

I had a good week this week. Working on some new stuff in my test account that isn't going too well but that is the reason for using the test account.

Ramblings of a Forex Junkie

No I was doing this: image There has been an unusually good amount of express trades this week.

Ramblings of a Forex Junkie

Not sure if anyone missed this but US unemployment numbers and Prelim GDP both missed and the "news" trade on EU could have made 75 pips on small draw down so far.

Ramblings of a Forex Junkie

After a small fake breakout up the short is that much stronger.

Ramblings of a Forex Junkie