Hello, Do you take longer term context into account or just go purely based off your rules? What I mean by that is that for the last month or so, we've been in a fairly consistent pattern of movement in the EU. It goes range > break upwards > sharp ...

Ramblings of a Forex Junkie

For 95% of the year, there is a five hour time difference between the US and UK. London opens at 8AM, which normally translates to 3AM on the East Coast. However the US starts daylight savings before Europe, so there is a three week stretch (we are ...

Ramblings of a Forex Junkie

Just an FYI in case people weren't aware, we are in the daylight savings transition period between the US/Europe, where there is only a four hour difference. So if you are trading the London open based off of EDT, it would be 4AM EDT/8AM GMT, not ...

Ramblings of a Forex Junkie

Nope, nothing for fixes from me-- something I would love to see discussed in the scheme of things, though (for anyone who could comment). Options expirations might be another to throw in there (I believe options generally settle at specific and ...

Ramblings of a Forex Junkie

Glad you started this thread and specified the difference between support/resistance that's extremely subjective and coincidental (e.g. a random head and shoulders) vs. objective support/resistance, such as highs/lows, session opens/closes, fixes ...

Ramblings of a Forex Junkie

Fixed (for me, at least). Orderbook is working correctly now

MB Trading Futures - Introduction

Attn: Justin Can you take a look at this issue? Fiberangel confirmed he has the same problem. I can provide any additional details, but it's pretty straightforward: the orderbook isn't working on the MBT Mobile platform.

MB Trading Futures - Introduction

Nothing personal. I'm just skeptical when people make authoritative claims, especially when those claims have been (erroneously) made before. He referenced three reasons, the first being that "the markets have become dislocated." This is an excuse ...

I finally quit my day job!

This little bit from earlier in the thread piqued my interest because it came from a poster with a lot of vouches and posts. The only reason I'm quoting it is to point out that you can find similar threads back in 2005, 2006, ..., and 2012, and find ...

I finally quit my day job!

Is anyone using the mobile platform? For the past few days I haven't been able to access the orderbook. It either times out telling me "Operation Could Not Be Completed" or it claims I don't have any open orders, although if I am at home I can see ...

MB Trading Futures - Introduction

Justin, The latest version of MBT Mobile fixed any issues I was having, specifically needing to log out and log in to modify any orders. The login seems to be much quicker as well. Thanks,

MB Trading Futures - Introduction

Much more alarming issue encountered today Justin. When I log in, I am seeing accounts that are not mine. On multiple occasions today (because I have to log in and out every time I want to place a new order), when I've logged in, the positions tab ...

MB Trading Futures - Introduction

Hey Justin, I've been having a problem using the mobile app when entering orders. It's very consistent. My first order of the day always goes in, regardless of whether it's a market/limit/trail, etc, and it doesn't seem to matter if it's on my demo ...

MB Trading Futures - Introduction

I've got nothing against automated systems and the like, but I agree with your statement about understanding why and how markets move. I believe if you learn this first, the chances that you are able to code a profitable system are increased ...

One thing you would pass on

Be able to explain why/how your strategy works or doesn't in differing market conditions, even simply between ranges and trends. Learning the math behind leverage and risk is easy enough. And there are more than enough systems and strategies out ...

One thing you would pass on

Cool stuff Killy. Nothing revolutionary, but very interesting to see markets and trading (psychology) truly haven't changed much at all.

likely the oldest book on trading (1688)

Custos didn't say that knowing S/R wouldn't make you profitable, he said that knowing S/R is not necessary to make you profitable. To add, and I think he'd agree, even if you do know S/R in and out like the back of your hand, even if you can draw ...

90% of traders lose money! True or False?

No, I don't think it's phony. On the flip side, I don't believe it to be that significant, and that the economy is stuck with a serious demand side problem that won't be fixed for years to come (if at all). If it helps to contrast, consider that ...

Do you think the latest 200k+ jobs report number is phony?

I agree, what he's defining as pin candles seems very subjective and inconsistent.

0 to 9 Pin Candles?

The only advice I could tend here is that if you are consistently correct in forecasting the near term direction but are stopped out often before the move happens, you absolutely positively need to re-examine your entries/entry method. Why and where ...

What is your risk reward ratio?