Video of the bond trading pits often looks a lot like what you described.

Ramblings of a Forex Junkie

Funny thing happened last night. I fell asleep with a couple of positions open. Apparently while I was asleep my computer updated and restarted. The trade platform apparently reset to an previous time that was stored in the computer's cache. When I ...

Ramblings of a Forex Junkie

I am not sure the point you are trying to make here but the rake is to poker as the spread is to trading. If you choose not to play a hand of poker you pay no rake. If you choose not to enter a trade you pay no spread. These are simply a cost of ...

Ramblings of a Forex Junkie

Another excellent argument for trading levels. Guess BOJ decided not to screw us all after all. Close below the purple one might hold all week.

Ramblings of a Forex Junkie

Not exactly on the topic of this thread but: Which currency do you think the BOJ will use to burn all the traders holding the Yen. I think that not that many are in GBP/JPY, but EUR/JPY seems a good place to burn as many as possible. What do you ...

Ramblings of a Forex Junkie

Poker and Trading are remarkably similar. Both pursuits are skill based speculation with a large short term luck factor. When you make bets in poker you are speculating that the large number averages are in your favor. There is very little luck in ...

Ramblings of a Forex Junkie

Not up to todays date but probably will help with your investigations. url

EURUSD

Ok back to the thread. A common strategy is to bracket a range of prices and then trade a breakout of the area. Big ben, Big dog, Asia channel, and opening range are a few of the popular variations on the theme. The problem with these strategies is ...

Ramblings of a Forex Junkie

[quote=billytt;6361402] Joke.

Ramblings of a Forex Junkie

I am sorry Billy I missed your post. I completely agree, IB's are definately a simple and good way to trade. Point I was making is that the markets have changed over time and we don't seem to get the trends that move thousands of pips and pay out ...

Ramblings of a Forex Junkie

Nope, only buy when price breaks out of the whole mess. Guarrantees never a loss.

Ramblings of a Forex Junkie

Ok my confession: This is how I really trade. :nerd:

Ramblings of a Forex Junkie

FTI, who I think was a bank trader gave a good explaination of what happens in one way markets like last Thurday in his thread. He described how banks pass off risk to each other and why there is no selling.

Ramblings of a Forex Junkie

I am a touch trader.There is basically no decision to be made once i place a line on the chart I will take the trade whatever the speed of the market. In fact I am more afraid of a slow grind into my level than a quicker move with a larger bar. I ...

Ramblings of a Forex Junkie

The bible is Trading and Exchanges by Larry Harris. Not a cheap book but worth the read. Also Foreign Exchange Market Microstructure - Georgetown University And A Guided Tour of the Market Micro Structure Approach to Exchange ... And Market ...

Ramblings of a Forex Junkie

Please forgive me for not going any deeper than I am but I really don't want this to become a "systems" thread. I am purposely not giving out the rules I trade by. If I did give out all the criteria and specific rules I trade by most people would ...

Ramblings of a Forex Junkie

As far as I know all retail brokers will have a similar price for the weekly close as they all stop trading at 1700 Eastern. NY is the last market to close on Fridays. Not an expert on brokers but every one I have used has closed at 1700 on Friday. ...

Ramblings of a Forex Junkie

Marked a chart. Remember I don't trade S&R I trade prices. Specific prices predetermined at specific times. Also London closes at 12 eastern. Search order flow on this site and you can find some good papers to study if google doesn't turn up much. ...

Ramblings of a Forex Junkie

Don't know why all the fuss the OP has in fact thouroughly highlited all the best "systems" from the systems threads.

Best trading systems on forexfactory

Scroll back and ask yourself is there a specific price supporting that level or is it just something that appeared. Posting a new chart here, has another level. I took this trade. Look hard at the level, why would I have had the confidence to step ...

Ramblings of a Forex Junkie