First four years of trading. Poorly worded. Been profitable in forex after about six months in. Took a while to learn which prices and what times mattered.

Ramblings of a Forex Junkie

I seem to be talking to myself. If you guys think I am full of it let me know. If you think this stuff is BS let me know. If you aren't interested let me know. If any if this is helping, let me know. I won't continue if no one is interested.

Ramblings of a Forex Junkie

A truth for today. Normal market movement (big fundamental news events excluded) is simply to facilitate orders. The market moves up purely to find sellers. The market moves down purely to find buyers. Put up a chart, locate the likely areas where ...

Ramblings of a Forex Junkie

Run away fast!

Broker Bonuses

I would agree that all you need is to select a bank agreeable to both parties and use the roll price on the last business day of each month. NY roll at 1700 eastern is common for this type of agreement. London close would also work if you are in GMT ...

Official Fixing Rates - which ones can be used?

One more thing I would like to cover today before I take my twins for a walk. I post MT4 charts. MT4 is a wonderful charting platform. It sucks for trading though. I am lucky that my broker has MT4 as an option. I am able to trade on the in house ...

Ramblings of a Forex Junkie

I want to say at this point that there is one indicator that I live by. It is the ATR. You cannot set a stop without it in my opinion. If the trader set stops based on some round number that sounds good they risk too many stops or stops that are too ...

Ramblings of a Forex Junkie

I added a stochastic to the chart to illustrate What I am talking about. If you as a trader insist on using indicators, please don't just follow them blindly. The entire length of no trade aone two has the stochastic in oversold territory and ...

Ramblings of a Forex Junkie

Trading truth: Open a chart. It looks like there is endless opportunity. Price moves up and down over large areas with trends and in ranges. Looks like you could just trade anywhere if you have a good "system". Don't get sucked in. It looks great ...

Ramblings of a Forex Junkie

A good trader would have gotten the target I posted today. A great trader would still have been long into the supply level at 1.31049. I hope to someday be a great trader but you don't even have to be good to make a living only adequate. ...

Ramblings of a Forex Junkie

I am done for the day. London close soon and all the volume goes away. Truth three: Time actually does matter. There are very important times during the day. The prices at these times are crucial. It is important to understand I am saying time ...

Ramblings of a Forex Junkie

One thing about the decision points. Sometimes they are hit early Monday during Franky or London and never touched again. So I don't necessarily trade these price points every day. They are guides though. Typically long above and short below. I wish ...

Ramblings of a Forex Junkie

Flying and trading are similar in that the basice are crucial. Airspeed is everything when close to the ground. It is something I recommend to everyone who asks, flying is truly fascinating and lots of fun.

Ramblings of a Forex Junkie

And there is the target. Now Who wins Bulls, or Bears?

Ramblings of a Forex Junkie

I got my multiengine commercial licence three months before the September eleven attacks. Ruined my career path so I just fly recreationally now. On Mondays and sometimes Tuesdays The bulls and bears are deciding whether the week will be up or down. ...

Ramblings of a Forex Junkie

Ok profit taken at 1.3065. Wanted out before market open. 1% risk 3.8% gain. If I am only talking to myself this will be a short lived thread. Some body tell me Why I suck. I like a good debate, and could always learn from your views. Todays truth: ...

Ramblings of a Forex Junkie

Ok, now I move the stop to lock some profit. Only after getting this close will I do this. I think getting within three pips of the target good enough to lock some in. The target price is the decision line for bulls and bears so it is pretty heavily ...

Ramblings of a Forex Junkie

Next hurdle 1.3054. Why? Its the current day high, that's an important number.

Ramblings of a Forex Junkie

1.3045 is the hurdle. If it gets past there the target is an easy walk. Anyone want to guess why the target is 1.30675?

Ramblings of a Forex Junkie

Ok I know its a lot of indicators but here's my chart set-up. Junky, indicator laden charts will only increase indecision. Most people go down the indicator road. I certainly did. I still waste an hour or so a week adding one checking it out and ...

Ramblings of a Forex Junkie