Hi Pipped In the short space of your post you looked at the Daily, the 4Hourly and Weekly trend lines. I think that it would be better if you determined WHICH single timeframe is the best for you to trade....and don't even look at the others. ...

Jacko's Forex House of Pleasure and Pain

Ray It is 8.07 am NY time....If you are determined to trade against the trend, from now till 11.55am NY time today may be a good time to do so. Hows that for a live trade? PS I am not taking that trade because it is AGAINST the trend PPS I could be ...

Jacko's Forex House of Pleasure and Pain

Your Chart has a purple trend line..... It is a line that is higher on the left hand side than the right hand side so it is pointing down. So the market was trending DOWN in your prefered time-frame. You traded AGAINST the trend. So there were TWO ...

Jacko's Forex House of Pleasure and Pain

Hi deepsouth, I like that little quote !... . Jacko

Jacko's Forex House of Pleasure and Pain

Hi Coscorp, I agree. I personally have no problem with a member of the group posting their own trades here and discussing why and when they took the trades. Some members of the group trade more (or less) than me. But, as you say, it would not be ...

Jacko's Forex House of Pleasure and Pain

Hi Nanook Thank you for your post. As you said, my method is not complicated. It is simple!! With the exception of a change in the size of the Trailing Stop Loss to 100 pips (due to the extraordinary and huge increase in the volatility of the market ...

Jacko's Forex House of Pleasure and Pain

Thanks Twee — Just a quick note to say "thanks Twee". I didn't ask anything but I can see that you are doing a good job in the background maintaining the high standards that Forex Factory has always upheld. . Jacko

Jacko's Forex House of Pleasure and Pain

Hi d0MiN077, There are some excellent answers in the above posts. The first issue is to establish what time frame YOU are trading. It appears that you are trading the 1M charts (you obviously like excitement rather than profits...LOL) If you set ...

how can I read the main trend?

Hi Phil You are one of my favorite posters. I just wish you wouldn't be so verbose in all your posts....They are so long and hard to understand. Good to see you here . Jacko

how to trade with the news

Hi Leveraged Joe my answers in red 1) is it allowed any discretion in this method? yes What about closing your trade at a loss before the stop is hit when you see that the price action is fundamentally wrong? You can do this, but I personally prefer ...

Jacko's Forex House of Pleasure and Pain

Hi fxtrader29 Thank you for your kind words. I appreciate them. Thanks . Jacko

Jacko's Forex House of Pleasure and Pain

I don't even know what to say to this... . Jacko

Jacko's Forex House of Pleasure and Pain

Hi Begbrook I don't have a summary but the easiest way to understand my basic method is here: url (read just the first page...it is the basic method) and here http://www.forexfactory.com/showpost...4&postcount=85 (the results) . Jacko

Jacko's Forex House of Pleasure and Pain

Hi trading801 The easiest way to understand my basic method is here: url (read just the first page) and here url (the results) . Jacko

Jacko's Forex House of Pleasure and Pain

Hi trading801 1. Only when you have made a decision that the trend has changed 2. At the next entry point as determined by the strategy 3. 50 or 100 pip TSL as determined by the volatility . Jacko

Jacko's Forex House of Pleasure and Pain

The question regarding time frames is a personal choice.... If you feel most comfortable with 1H charts, then that is your time frame.. What that means is that all your technical analysis should be based around the 1H charts. If someone else is ...

Jacko's Forex House of Pleasure and Pain

Hi rufusbuck, I am not really sure what you are asking/describing here... If the market continued rallying against you, then the A-H would not be triggered. An example: 1. You buy at 1.3200. 2. The the market goes to 1.3100 and stops you out 3. You ...

Jacko's Forex House of Pleasure and Pain

Hi StoragePro, I saw this statement and thought that I would like to correct it….(I am not upset about what you said, but it is wrong…so I would like to correct it). On the evidence that I have , there would NOT BE ANY traders in my group that are ...

Jacko's Forex House of Pleasure and Pain

Hi all, In a disturbing development which has implications for future sales of US Bonds, “ the British Government admitted yesterday that, for the first time since 1995, investors had been unwilling to buy the full complement of its so-called ...

Jacko's Forex House of Pleasure and Pain

Hi all This morning we all had a small taste of the likely impact of the proposal that the world should move away from the USD to a new world reserve currency based on Special Drawing Rights from the International Monetary Fund. . Jacko

Jacko's Forex House of Pleasure and Pain