See my post above for a chart. Next levels are 1.4205 (which it has hit and rebounded...just needs a bit more momentum), then 1.4171. Ultimately looking for it to head down towards 1.4100

Jacko's Forex House of Pleasure and Pain

Why not trade both? If you have a big enough stop to avoid any whipsaws and false breakouts then are both the short and long trades at the extremes of the triangle not great technical trades to take? These type of trades can be exited very quickly ...

Jacko's Forex House of Pleasure and Pain

The main trend on the daily and 4H has been up (looking at 300 periods)...however if you look at the 4H you can see that since beginning of this month we have been in a downwards channel...there is a clear donwards trendline and lower highs...hence ...

Jacko's Forex House of Pleasure and Pain

Yep was a typo, 1.4250 is what I meant

Jacko's Forex House of Pleasure and Pain

Short from 1.4228...resistance (both trendline and horizontal), 50% fib of recent high / low...on 4H chart. Should have shorted from 1.4250.

EURUSD

Current 4H chart. An obvious short opportunity at the 1.4150 round number...near horizontal resistance, trendline resistance and the 50% fib of recent swing high / low (rounded to nearest 'round' number). The only thing going against this trade from ...

Jacko's Forex House of Pleasure and Pain

With the volatility of the last few days, it's good to take a step back and re-look at your charts. Looking at daily and 3H we can see that we have been in an uptrend (since around March 4th) and are now in a period of consolidation since around May ...

Jacko's Forex House of Pleasure and Pain

It is taking a pause around the June 1-3 lows of 1.4007 area. Targets after this are the June 10 high of 1.4145 and then June 11 high of 1.4177.... I'm waching price closely and considering taking some profits...

Jacko's Forex House of Pleasure and Pain

I closed my short at 1.4020 for a 50 pip loss and entered long at 1.4000 as trendline had been broken and we had a breakout confirmed. Just logged on and wow...it sure has got some momentum now. put in a 50pip TSL and hard stop is at +10 pips. ...

Jacko's Forex House of Pleasure and Pain

It's broken the falling trend line on both 4H and Daily to the upside...Price is near my stop now will be looking to go long if price looks like gaining more momentum...not sure for reasons for sudden rise.

Jacko's Forex House of Pleasure and Pain

Just sold it too...hoping the falling trendline will hold firm (sods law we will have a breakout now!)

Jacko's Forex House of Pleasure and Pain

Yes it would and 1.3950 would be a good place to go short. However, have to be wary of breakouts now and with the falling trendline I would rather entering shorts than longs as I see a long as a counter-trend trade at the moment as the short term ...

Jacko's Forex House of Pleasure and Pain

I'm focussing on the daily chart at the moment. Falling trendline at 1.3962 and the two S levels as indicated on chart which are also fib conflunces (not 50% though). Waiting for a breakout or reaction to the S/R levels...ideal set up would be a ...

Jacko's Forex House of Pleasure and Pain

Couldn't agree more! His results are excellet, but the point of joining his group is not to copy trades as he is not a trade signal service, but to learn more about his methods of trading and how to look at the market. His insights into price ...

Jacko's Forex House of Pleasure and Pain

Further to previous charts, looking at S&R levels and trendlines etc: Weekly: S-1.3737 R- 1.4362 Daily: R-1.3990 (fallin trendline) S-1.3737 4H: S-1.3804, 1.3737 R-1.3990 (falling trendline) The daily S&R are the most important figures for me and ...

Jacko's Forex House of Pleasure and Pain

I have 50:1 leverage but risk max 3%per trade. I like the big moves just like everyone ese, but these are quite rare at the moment as the price action is quite choppy and lacking clear direction. I see the price has broke n the 4hr trendline to the ...

Jacko's Forex House of Pleasure and Pain

Not if you win more trades than you lose...not all losing trades are 100 pips anyway due to the TSL. If you look for A+ set ups then your win ratio should be around 70%. Take the weekend off and relax as Jacko would say, the weekends are meant for ...

Jacko's Forex House of Pleasure and Pain

Looking at the 3 hour chart in particular, it's very easy with hindsigh to see where we all should have entered and exited trades recently! I closed my 1.4000 short out at 1.3920 overnight for 80pips profit :-). image image

Jacko's Forex House of Pleasure and Pain

down she goes...have a 100 pip TSL in place. Hoping it can go down to test the recent lows

Jacko's Forex House of Pleasure and Pain

Taking a look at the daily chart, then strictly speaking we should be entering a trade at 1.4050...50% fib from which coincides with falling trendline at around 1.4042...nearest round number 1.4050... I exited earlier 2 trades at break even and am ...

Jacko's Forex House of Pleasure and Pain