Congrats on the win JP. I tried joining you but stubbornly thought I could've gotten a better entry, which never came. You are the man at picking the right point to enter. That's something I'm working on. I kind of wish your situation allowed you to ...

Jacko's Forex House of Pleasure and Pain

I generally trail my stop by 10 pips or 20 pips depending on how much I think the market is ranging or whipsawing. Sometimes I'll go with a 50 pip TSL. I'm not always at the computer to trail pip by pip anyway. Lately I haven't been trailing much. I ...

Jacko's Forex House of Pleasure and Pain

Nah, I wasn't in any danger of getting stopped out. I entered a couple days ago at 1.4138. I initially tried to enter at 1.4100/1.4098 but it only moved to a low of 1.4104, so I didn't get my ideal entry. My entry of 1.4138 meant my SL was set to ...

Jacko's Forex House of Pleasure and Pain

I just exited my LONG at 4214 for a 76 pip profit. Some people are still in the trade looking to ride it higher. I suspect it will go higher after the FOMC dust settles. I'm just not risk inclined right now. I figured on just taking my profits.

Jacko's Forex House of Pleasure and Pain

fxacs, yes, in your example you would wait until the market drops to 1.4100 then place an AH at 1.4150 where you got stopped out. The AH will be picked up when the market goes back in your direction. The reason for this is because the market could ...

DanUK Simple EUR/USD Trading Journal 2009

Yeah, you might say that. However, Jacko makes a great case for avoiding a smaller time frame. The AH is a critical component of his strategy. In describing the use of the AH, he once wrote: "PLEASE NOTE: I am a medium to long term trend trader. The ...

Jacko's Forex House of Pleasure and Pain

It depends, how do you define long term?

Jacko's Forex House of Pleasure and Pain

Maybe this isn't explicitly stated, but one important aspect of the method is to use a timeframe that filters the noise. Jacko believes anything less than H4 is just noise. That is why it is a medium to long term strategy. That's just as important ...

Jacko's Forex House of Pleasure and Pain

LOL!

Jacko's Forex House of Pleasure and Pain

I was waiting to enter at 1.4100 and stubbornly waited to no avail. I thought for sure we were going to see 1.4100 when we only saw 1.4104. Those worthless New York traders couldn't push the thing to the round number. I entered much higher.

Jacko's Forex House of Pleasure and Pain

LMAO - that was funny. But seriously now, Dan is correct. If you're going to trade that way you are not helping people who come here to learn Jacko style trading. Perhaps you can start a new thread so we can learn to trade your method.

Jacko's Forex House of Pleasure and Pain

Joe, set up your account to accept Private Messages.

Jacko's Forex House of Pleasure and Pain

If anyone answers NO they aren't trustworthy. Although I'm still LONG bias this thing can easily go below 1.4100. The way I see things at the moment, if it gets lower than 1.4140, I would project the low of the next few H4 bar to be somewhere around ...

Jacko's Forex House of Pleasure and Pain

Yes, you're right in that this method is a more of a medium to long term method instead of intra-day trading. You still have to be careful given that our SL and TSL are typically only 100 pips. That might sound like a lot of pips but it is nothing ...

Jacko's Forex House of Pleasure and Pain

Joe T, I saw your post a couple days ago when you considered your possible entries. To be honest, I wasn't able to digest it because of two inter-related reasons: 1) you presented several options, a couple of which I found confusing at the time and, ...

Jacko's Forex House of Pleasure and Pain

Spotless, I agree with what Jpnek and kodflakes are suggesting, mainly buying on the dips towards the bottom of the range. Buying of the top of the range is a bit risking for most people. Your decision to go long at the top of the range ...

Jacko's Forex House of Pleasure and Pain

Duke, as much as I like your plan to save until you are able to concentrate on this full time, my advice would be for you to make every attempt to try your hand at learning and demo trading now. Yes, things may get tight with your schedule, however, ...

Jacko's Forex House of Pleasure and Pain

Hey buddy, don't be a stranger.

Epilogue's Trading Journal

Dan, thanks for the prompt response. I've been struggling with how to deal with this. I have no steadfast rule. Thanks for sharing. Keep up the EXCELLENT trading.

DanUK Simple EUR/USD Trading Journal 2009

Phoenix, before placing your first trade do yourself a favor and go through the school on the following site: url Trust me it is well worth the time. Chances are you won't want to do what you are proposing after going through the lessons there. ...

Jacko's Forex House of Pleasure and Pain