Why would I want to buy at a high?

Ramblings of a Forex Junkie

They are excellent set ups. Blue lines bracket inside bar just after the Tokyo open which was at a new low and rejection of the previous week low. Green lines bracket London open just off a new low and a rejection of the previous week low. Yellow ...

Ramblings of a Forex Junkie

Not sure what type of reaction you would expect. You were telling me how to manage a closed trade.

Ramblings of a Forex Junkie

Furthermore that hour bar completely engulfed the previous ten hours of price. It may have some legs.

Ramblings of a Forex Junkie

I will assume you are blind in one eye and don't have your glasses for the other. I entered, rode it up and exited at the first resistance. I don't care what it does for the rest of the night I am on to other things.

Ramblings of a Forex Junkie

Riding the express.

Ramblings of a Forex Junkie

I don't trade binary OTC options as they are somewhat rigged. I trade mostly SPX,RUT, and NDX. I am only trading exchange traded options.

Ramblings of a Forex Junkie

The best bang for the buck with a central market and ability to contain risk is within the options market. Please don't expect me to begin to go into how to trade options here. The discussion and questions would never end.

Ramblings of a Forex Junkie

Remembering fallen friends today. url url url

Ramblings of a Forex Junkie

The details are in the thread but I basically use two stop sizes. For price action type entries like express trades or NFP I use bar size price action stops. For trading levels I use the appropriate ATR. For a day trade I want the ATR for a week so ...

Ramblings of a Forex Junkie

Glad I am not trading today I would be .

Ramblings of a Forex Junkie

No fifteen minute bar has closed below the 10:00 cut price so I am still leaning toward price going up from here but UJ has been very wicky with small real bodies since 09:00 so really no direction at the moment.

Ramblings of a Forex Junkie

Going now?

Ramblings of a Forex Junkie

It is still trying to go up. The bottom of that five minute bar at the cut hasn't broken yet.

Ramblings of a Forex Junkie

What did you see that told you artificial hold up or was it just that the day had been down to that point. I did notice that the positive dollar news did not cause price to move up so maybe there was a good clue there.

Ramblings of a Forex Junkie

Maybe 101 is fair value today.

Ramblings of a Forex Junkie

I am still guessing at this point. I am thinking the way to play these might be a breakout of the five minute bar that starts at ten AM. I wish there was some easy way to determine who was doing the artificial move. It is clearly a down day so maybe ...

Ramblings of a Forex Junkie

Took a minute or three but off and running now.

Ramblings of a Forex Junkie

Meanwhile EU is setting up to test the Thursday high at exactly the same time and at the 2950ish level.

Ramblings of a Forex Junkie

I am watching, thinking it may shoot up after the cut. I am not trading just watching. If the hold down is fake the stops should propel this up pretty hard.

Ramblings of a Forex Junkie