Well yes and no. It is only one zero to fat finger from 500,000 to 5,000,000. That will have a huge impact on your P&L if you have entered via pending order and you have the account size and leverage to do it. You might win and come home to a huge ...

Ramblings of a Forex Junkie

Ok there are a couple of problems with your post. First a beginner must use some leverage in order to trade. A beginner should have an account so small that it is virtually impossible to trade with no leverage. Once you have proven yourself yes you ...

Ramblings of a Forex Junkie

url url You are correct currently Tokyo closes at 04:00 Eastern. During the summer Daylight savings is when it lines up with London open. Doesn't really affect my trading. I don't trade the fix I know there are some strategies out there that use ...

Ramblings of a Forex Junkie

I took one trade each of the last two days and I have made over five percent for the week. James 16 describes it as hiding in the bushes and hunting with a rifle rather than shooting at anything that moves with a shot gun.

Ramblings of a Forex Junkie

Moving boxes all day tomorrow. I will try to check in if I can at least a couple of times. Still working on the next truth. I have a good idea but I am something of a perfectionist. I have started it at least three or four times now but have been ...

Ramblings of a Forex Junkie

Ok here goes: First chart is GBPJPY I have labeled the lines on this chart. The other charts are color coded the same but I didn't label them all. Notice on GJ chart the open was a few pips below the High from Tuesday. On the third bar price rose ...

Ramblings of a Forex Junkie

Will do, give me a few minutes to get a few things together and I will post several charts with the entries that I would have taken.

Ramblings of a Forex Junkie

I should clarify. I do use back testing to locate patterns and validate ideas. I do data mine to find patterns in past data. I also make use of a simulator to practice trading when I am investigating a new addition to my methods. I don't however ...

Ramblings of a Forex Junkie

I only took the EJ trade last night. The following pairs were textbook and I hope you guys were able to take the trades. GJ, GU, UJ, all perfect, EU didn't give an entry off the daily open but it did bump up and give an entry about 5AM GMT off the ...

Ramblings of a Forex Junkie

I apologise. I know I promised a new truth. I have started it twice and didn't like my writing. I will get it done. This week is tough for me. We are moving to the new house, my parents are in town to visit their grandchildren, and I have been tired ...

Ramblings of a Forex Junkie

This was quick. I am pretty sure I am leaving money on the table but three to one is pretty damn good and I want to go to sleep. GJ did the same thing but I was doing some research and forgot to place a pending. Of course the short at the weekly was ...

Ramblings of a Forex Junkie

Yes volatility not necessarily large ATR. You can have wide ranges without a lot of overshoots and quick volatile moves. If it is just range expansion the stop automatically gets larger to accomodate.

Ramblings of a Forex Junkie

I'll add a little controversy. Part of the reason you keep blowing up is precisely because you are not risking any money. A small fifty or hundred dollar account will not harm your standard of living but may help you to gain more discipline. ...

Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders)

Normally twenty percent works for most pairs. Now however with the increased volatility I have increased the percentage to twenty five percent and I have reduced my position size accordingly. This will pass when the Japanese have gotten the train in ...

Ramblings of a Forex Junkie

Good luck in your journey. Right now before you do anything else reduce the size of your account to a small amount, not more than one hundred dollars. Then reduce your position size to the smallest amount your broker allows. If your broker doesn't ...

Ramblings of a Forex Junkie

The Yen has been driving the bus for the last two weeks. The dollar pairs have been blowing through levels more than normal making them hard to trade. I have switched to EJ and GJ as you can see from my chart postings. I don't know how long this ...

Ramblings of a Forex Junkie

I made a couple of trades today in EJ here they are. I still left a lot of money on the table with the daily low. I have sold the high from last week. Time will tell if this works out. If the Yen continues to be slammed down this will fail. If it ...

Ramblings of a Forex Junkie

Nice trading.

Ramblings of a Forex Junkie

Boys are both great. Declan has a stiff neck so we are seeing a physical therapist weekly. Colin has a new tooth. Life is good. BBC America has a Top Gear marathon every Monday. I love that show.

Ramblings of a Forex Junkie