How do you deal with the spread values (as money)? I mean yeah , true 5 x 2.2 = 11. But ... 2.2 is really : 2.2+spread wich is more like 4.2. (I have a 2 pips spread on EU) And then to get to 5X , that would be 4.2 x 5 = 21 (because your REAL RISK ...

Open Range Break - 100% Mechanical

Hi guys. I have to tell you i'm really happy to see everyone checking in sometimes , even if not with the same frequency as it used to be... But it's a good way (maybe even better) to manage this thread. I think (hope) i'm getting closer to becoming ...

Ramblings of a Forex Junkie

Hi , I had an AHA moment today and I thought it could be useful so I'd like to share it with you. Somwehere around 25% of the times I take "bad" trades (i.e. not according to my plan) are the ones when i'm trying to get back what i've just lost on a ...

Ramblings of a Forex Junkie

Thanks Chris, Guess i'm going to go and read some books about options. When i was in Vegas people said that playing craps is the most complicated game ever, and only the "pros" are doing it. Sounds very much like what i've heard about options ...

Ramblings of a Forex Junkie

OK looks like the crew left the buillding but since your answers were really really good and helpful before I will ask my next question anyway... What is the reason we are still trading forex and not futures? I was able to come up only with two ...

Ramblings of a Forex Junkie

By the way it's also a 50% fibo of the MONTHLY chart... I mean Chris, this could be the ultimate test of you new skill of holding a trade for a longer period... The potencial is there for sure Good luck

Ramblings of a Forex Junkie

Look, normally I would never answer a quetion like this . But man you are just asking for it! So here you go: X H A L E I don't know if he trades or not but i'm learning a lot from his answers. (Those who followed the thread for the last couple of ...

Ramblings of a Forex Junkie

video

Ramblings of a Forex Junkie

What is a 2/35 structure? 2% basic and 35% of earnings fee?

Ramblings of a Forex Junkie

Mr Terrapin you are speaking from my heart. These were exactly my lines of thought. Mmaker thanks for the link, I saved it so if you chose to delete it you can, though I don't think you need to. Just like everywhere else in the trading world there ...

Ramblings of a Forex Junkie

OK, since the thread's been successfully CPR-d I still have a few (very intelligent) questions to this intelligent crew: SP says that it is possible to make 25% a month with very very small drawdowns and only risking 1% or less per trade. (I ...

Ramblings of a Forex Junkie

Anyone still trading the ORB method ? (post #80 of this thread) After a nice losing period there is a 1:10 (and counting) runner from last thursday (09MAY) (12 pip range - 50% closed at 1:1 - and now we have about a 240pips winnig trade but only ...

Ramblings of a Forex Junkie

You are so right ! Thanks for this. I definitely have to stop dramatizing every trade.

Ramblings of a Forex Junkie

I hope i'm not doing something forbidden for this thread, and also I hope it wont annoy you Seneca, but this post is just SO GOOD that I have to show everyone who haven't seen it yet. Also it is very relevant to the topic discussed and basically ...

Ramblings of a Forex Junkie

Hi intelligent crew! Short question: Are you guys going to sell UJ when it gets to 100 - just because most likely that is what all the rest of the world is about to do or does anyone have any other idea about how we should (or shouldn't) play this? ...

Ramblings of a Forex Junkie

JONNY, LANDSAT The news trading by SP has nothing to do with the regular strategy... It is explained in post#1190 (and also somwhere else) but this is a nice round number to remember. (Interestingly it's on page 80 while the ORB method is explained ...

Ramblings of a Forex Junkie

Thank you

Ramblings of a Forex Junkie

Tantum would you mind explaining what is a GOOD AREA for an IB in YOUR view means? I know it's not exactly the way this thread trades but a good area is an interesting concept and something this thread DOES deal with. Thanks

Ramblings of a Forex Junkie

In this trade if I get it right your stop is @ 1.5546. Wouldn't it be a smart move to lower leverage a bit and give it another say 5 pips because this 1.5546 happens to be your Daily Open line too. So if you can put your stop above the DO it would ...

Ramblings of a Forex Junkie

Hell uva line mr Pilot! This one and the one from last week : "The profitable thing would be to take the small loss" has been added to my arsenal - with your permission of course. Printed out and viewed as many times as possible. Keep coming baby ...

Ramblings of a Forex Junkie