Also, again as an example and not saying I will play this on a Friday afternoon, but you now have a LC at about 1.3026. Depending on who is active and have orders in place this might come down to 1.3000 and go back up above to hit 1.3045-1.3050. I ...

Ramblings of a Forex Junkie

You can get the option data from sources like OANDA News, which has an IFR Markets feed if you use them. They will sometimes list sizable vanilla's and give a few rumors, but not the information I want to bank anything concrete on. Usually everyday ...

Ramblings of a Forex Junkie

I have thought about this myself. Take today for example. I don't know what orders actually stopped the news trade, but this is what my thought process was as price unfolded: 1) The option at 1.3000 possibly caused price to stop where it did and ...

Ramblings of a Forex Junkie

Will get my thoughts on this in a bit, I have to manage this bugger trade for awhile....

Ramblings of a Forex Junkie

Targeting, but looks as though will hit my BE and will be out...

Ramblings of a Forex Junkie

Don't take my word for anything, but.... Appears this thing may want to go up and may have to wait another 5-10 minutes for it to go either way. I see as much upside as downside here. It's been knocking at OE 1.3000 for 10am ET, which as far as my ...

Ramblings of a Forex Junkie

A) If I speak in absolutes I don't necessarily mean to. B) I am not talking voodoo, these things are basic, but my explanation may make it confusing. You need to be aware of what controls some of your decisions and perceptions. C) If it sounds like ...

Ramblings of a Forex Junkie

I guess you would agree with my previous statement in the first paragraph then... EDIT: I guess I would agree, you beat me to it!

Ramblings of a Forex Junkie

This is very interesting to me, because I feel the exact same. I have missed out on some very good opportunities today on my main pair E/U. I got caught up in the news more than I should have and not what price was doing at the important levels ...

Ramblings of a Forex Junkie

I took a short position in this area as well. It did not fulfill my entry criteria. Exited with loss. I entered based on "This can't go higher, this area has to stop it" instead of following my criteria. It happens and reminds me of what I need to ...

Ramblings of a Forex Junkie

I may not have communicated my point very well. Partly due to the vagueness of my response because it's difficult for me to get into details without discussing how I specifically trade without changing the direction of the thread a bit and I try not ...

Ramblings of a Forex Junkie

I don't want to get away too much from what you do SP, because like I said previously it seems we view the market similarly, but I look for "stacks". There is a large stack in the area where it turned. I count 4 there now, I believe 3 were present ...

Ramblings of a Forex Junkie

I am going to emphatically disagree with this statement. I am not claiming that I know everything, but I am 99% sure that the reason it did not go any lower was not because of a trendline/channel. Price was moving down and hit a series of stops in ...

Ramblings of a Forex Junkie

Because if you're one who can't trade for yourself (for whatever reason) you would want confirmation, but you knew that. Let's simply place into two categories... A) Those who want to invest their money with another because they don't have the time, ...

Ramblings of a Forex Junkie

It's not warm here in FL (panhandle area) either, but definitely better than where I came from... The adult beverages haven't let me down though and apparently the spring breakers are still partying. They are making me feel really old, but I can ...

Ramblings of a Forex Junkie

I am not getting into this debate, it will do no good for the thread. @Snail: I know I was a little harsh with you previously. I think part of it was because when you post your charts it's like looking at an optical illusion. I think you are trying ...

Ramblings of a Forex Junkie

Your level appears to be from Thursday's US afternoon/pre-Asia session. This area was the low after London close. Might want to check to just verify, because 13 pips is more than just broker differences. I think you said OANDA is your feed and per ...

Ramblings of a Forex Junkie

In all honesty Square I thought and was hoping the level would hold until Monday only so I would have chance at a possible entry, but know enough for short term trades to stay out when you have zero control (no control over the weekend). I hope you ...

Ramblings of a Forex Junkie

If you were following the discussion on Friday no one had any business being long on E/U, especially over the weekend. The play was set early in the day and the potential hand was shown as the day moved on. The trap was discussed.

Ramblings of a Forex Junkie

If I may... I think you need to answer that question for yourself. Let me give you some additional questions to find answers to. 1. Do I understand the structure of the market I am participating in? 2. Who are the participants? 3. How do ...

What is the best way to learn the fundamentals?