Nice. So let's see if we can ride the Euro down together...

Ramblings of a Forex Junkie

The opening range breakout is paying off again. I entered short on the retest with 2 positions, 1 half closed for 0.5%, stop at BE, other half running... Made 2.3% earlier with some level trades...so 2.8% gain today is safe.

Ramblings of a Forex Junkie

Perfect, I am glad we settled the case! Good night!

Ramblings of a Forex Junkie

Ah, ok. I finally found the difference....you use a 5 SMA (simple moving average) for the smoothing of the ATR and I used the 5 EMA. Correct? With the 5 SMA I get exactly your value of 143.16. My second mistake was to take the ATR value of the ...

Ramblings of a Forex Junkie

Nice trading...I took the same...exited EJ for 32 pips and GJ for 25 pips. My SL on GJ is only 29 pips...5 EMA of 5-day-ATR is 126 pips (rounded up) --> 20% is 25 pips + 3 pips (spread) + 1 pip = 29 pips How come you have 33 pips? ...

Ramblings of a Forex Junkie

So the 21 pips right now on GU are 20% of 86 pips (17 pips) +4 pips? Or is it 25% of 86 pips (21,5 pips) without any additional pips? You said you use either 20% or 25% for the more volatile pairs...

Ramblings of a Forex Junkie

SP, do you calculate your SL new each day or do you calculate it once at the beginning of the week and use it the whole week through?

Ramblings of a Forex Junkie

Still in, mate. My SL is 1.28130...low of candle was 1.28138. Let's see how long this will really last... I prefer to set the stop about one pip below the range...so in fact I move to BE +/- 1 pip...if price comes back I loose 1 pip... Thank you, ...

Ramblings of a Forex Junkie

You're dead right, Fx is my drug...so I'm obviously at the right thread surrounding myself with like-minded persons... Are you in the breakout trade, too Seneca?

Ramblings of a Forex Junkie

Could not resist the nice hourly close above the opening range on EU...so I entered long on the retest with 2 positions...0.5% risk each. Closed one half at the previous week's low for 0.4% gain, moved stop to BE and let the other half run...

Ramblings of a Forex Junkie

It's time to call it a day/week. I finish the week with +11.2%. All level trades, no breakout trade this week for me. Now my family is first priority until I start trading again next Tuesday. Happy Easter to all of you!

Ramblings of a Forex Junkie

No, I did not trade the breakout and retest short on EU. It was too close to the weekly/daily low for me.

Ramblings of a Forex Junkie

Good decision, mate. I closed my long trade earlier for a handfull of pips. Right now, I think you must be stopped out at BE... I just opened a very small risk trade with a tight stop at the previous day's low...let's see where this one goes...

Ramblings of a Forex Junkie

Great, I am with you on that trade. Is your stop 24 pips? This would only be 20% of the daily ATR... For the weekly high/low you once said you take the weekly ATR...

Ramblings of a Forex Junkie

I understand, I miss many good moves due to my full-time job. This week I am on holiday and today I managed to grow my account by 4.5%. Actually, the opening range breakout on EU today was somewhat disappointing... BTW, best of luck with your plans ...

Ramblings of a Forex Junkie

Ok, thanks. I just came back to my PC and saw price touching 1.3000, so I closed the second half for +75 pips. I am just thinking about how you would define "making a new high/low"...is it really closing the trade once price crossed the previous ...

Ramblings of a Forex Junkie

So you will close once the current high 1.2965 is broken? Or do you take price action or reversal patterns into account?

Ramblings of a Forex Junkie

Perfect breakout entry today on EU. Hourly close above the range and retest. Closed half at 1/1 for 0.5%, stop at BE, other half running... Might consider to hold the trade over the weekend. If the second half is not stopped out at BE ...

Ramblings of a Forex Junkie

Ok. I trade the breakout in a separate account with closing half at 1/1. For the levels in my main account I also trade "all in & all out" with my stop not moved to BE and no partial closes.

Ramblings of a Forex Junkie