Thanks DanUK - here's what I do in a nutshell. I go to the Daily (sometimes the weekly - just to see where we are) to find the best support/resistance levels for the level that price is currently at. I then go to the H4 to draw the trendlines & ...

Jacko's Forex House of Pleasure and Pain

Looks like it's time to prepare for some shorts. Price has shot up too much too fast. Once I see it hit decent resistance on the H4 and fail to penetrate resistance on the 2nd attempt, that'll be confirmation and I'll start building a short position.

Jacko's Forex House of Pleasure and Pain

I totally agree. I'm also a member of his 2nd group. Why don't all the members of the 2nd group start a discussion on a weekly trading plan instead of sitting around complaining about the bad posts on the forum? Do something about it - start posting ...

Jacko's Forex House of Pleasure and Pain

Same here! I tried it for about a week and was miserable. I'm very interested to hear if it has an impact on your profits/losses trading only the US. I typically only trade between 7am - 11am EST.

steelhead trade journal

If you are talking about the 2 trades that had stops around 1.3005, once I saw resistance around 1.3022 and creating a double-top, it wasn't piercing the upper trendline on the H4. At that point, I felt price wasn't going to go up much further, so I ...

Jacko's Forex House of Pleasure and Pain

I understand Jacko uses the D1, even the W1. The style I do is basically the same thing, but with the time frames adjusted. I use the H1 & H4 for trendline & use the smaller ones to trade the range. The multiple trades are due to me scaling into a ...

Jacko's Forex House of Pleasure and Pain

*ahem* Doesn't look so 'insane' now does it?

Jacko's Forex House of Pleasure and Pain

Couldn't say I blame you. I don't post on here that often now being profitable every month since Aug '08. Would hate to see you go though, I check out your trades here and there and enjoy seeing your perspective.

steelhead trade journal

Nice trade man - I'm sure it grates your nerves to hear so many try to disprove you for whatever reason. I don't think many understand that you don't just buy/sell and don't ever touch the trade again. Proper stops are used and lock in profit when ...

steelhead trade journal

hahaha - fair enough. I've already taken my profits last night since the move wasn't strong enough. But I'd be a little nervous looking for too much shorts since there hasn't been a decent run up to test support in a few days. If most positions are ...

Jacko's Forex House of Pleasure and Pain

These posts refresh my confidence in looking for longs.

Jacko's Forex House of Pleasure and Pain

Hopefully you are right, but it looks like 1.4000 was a much better support area and it blasted right through it. I would think it would have to bounce up to retest it's new resistance though. Maybe it'll bust right through it and become support ...

steelhead trade journal

Why does it take most people so long to figure that out? I know when I started out, went straight to the small timeframes and all the rollercoaster emotions that went with it. Eventually got to the longer TFs a few months after that and trading got ...

EURUSD

Hey guys! Looks like my long played out ok. :-) I wait for the next opportunity now.

Jacko's Forex House of Pleasure and Pain

Anyone long from the 1.2860 area? This is a significant support level looking on the daily chart. I guess what I mean is, if Jacko is looking for longs - seems this would be the most logical choice?

Jacko's Forex House of Pleasure and Pain

Well - I think many have the right idea that the sellers have to cash out sometime, and they are right about it. However - they don't seem to plan it around good S&R areas, which then it's just a gamble. I don't see a good support area on here until ...

EURUSD

Yes it is - that's why I keep the dog around! *JK* I would say that's only fair! What's your cut for advice - 80-90%?

EURUSD

It's easier to have someone to blame than take responsibility.

EURUSD

Agreed! It might not be the most exciting way to trade, but it is the most reliable to trade of the close of the H1/H4 at an area of resistance.

EURUSD

Very nice trade - congrats! Do one or two of those a month and that's all you'd need.

steelhead trade journal