RickyRudy - what is the significance of 4060 / 70?? The price does seem to be hanging around just above the 3900 area as support at present...but I feel more so because it is previous horizontal support and 38.2% fib of recent move. Zoom out a bit ...

Jacko's Forex House of Pleasure and Pain

Price reached 1.3990 and bounced off the 4HR downward trendline to the pip. No real motivation behind the price though at the moment, perhaps news will drive it downwards. We have a triangle formation forming too with the pivot (midpoint) at 1.3940 ...

Jacko's Forex House of Pleasure and Pain

Excellent!!

Jacko's Forex House of Pleasure and Pain

Some quick charts for Daily and 4H. I've actually cancelled my order at 14000 as Im off work today so prefer to watch the price and trade live. 50% fib at 1.4050. image image

Jacko's Forex House of Pleasure and Pain

Low - don't beat yourself up, I took the same trade and do not regret it as I took it for valid reasons. Yes, ideally I would have liked to get in higher and watched what happened when/if it gets to 1.4000 but that might happen when I'm not around. ...

Jacko's Forex House of Pleasure and Pain

I have the same chart and took the same trade... got stopped out of my second trade of the day when I re-entered my earlier short at 13920 but had a 50pip TSL so lost 45 pips. Now have 100pip TSL in place.

Jacko's Forex House of Pleasure and Pain

Exited out of trade at +54 pips as looked as though trade was heading back up (can't watch screen that often so have to make some not ideal decisions at times). Placed order to re-enter short at 1.3920 again - full position this time with 100pipSL ...

Jacko's Forex House of Pleasure and Pain

I've entered half a position short at 1.3920 and will look to enter the other half at a higher price if I am around and the price goes higher. 100pip hard stop. Yesterday's high is a minor resistance level on the 4H chart (can be seen more clearly ...

Jacko's Forex House of Pleasure and Pain

Exited my trade @ 1.3805, a little bit annoyed at being a touch greed, should have closed out at 1.3750, but still, 2 decent winning trades yesterday. Looking at 3H and Daily charts below, can see that it pierced 1st resistance level, went to second ...

Jacko's Forex House of Pleasure and Pain

[email protected] as it wasn't breaking through the fib line...now it's at my initial target area I've moved SL down to 1.3850 and watching how it reacts around this key area, if we have a significant break I'll be adding to my position. I expect there ...

Jacko's Forex House of Pleasure and Pain

I am not overly clued up on chart patterns but noticed this too (missed the smaller H&S though), the right shoulder to me looks skewed compared to the left, but as I said I'm far from an expert in this area...If it does play out then it will form ...

Jacko's Forex House of Pleasure and Pain

I am not overly clued up on chart patterns but noticed this too (missed the smaller H&S though), the right shoulder to me looks skewed compared to the left, but as I said I'm far from an expert in this area...If it does play out then it will form ...

Jacko's Forex House of Pleasure and Pain

Thanks Jacko, I forgot about that, noted it and watched it fall to 1.3850 and exited trade. Like you, looking to see on a bounce later...Think 1.3800 is a key area, round number, confluence of two fibs (I know it is not the 50% ones ou use) and past ...

Jacko's Forex House of Pleasure and Pain

Morning all, I entered a short trade @ 1.3990 on break of 4H triangle. SL 75 pips which is now at break even. Will post chart later. Ideally looking for 1.3800 initially, but we will see what happens during London open. Russian finance minister ...

Jacko's Forex House of Pleasure and Pain

As you said the price is boucing of the trendline on the daily as a resistance point and the bottom of the triangle on the 4H as support with minor S/R at 1.4050 area. It's been a tedious few days, I want to buy at around 1.3800 and sell at the ...

Jacko's Forex House of Pleasure and Pain

If it were me I would have moved my stop up to just under the last level of known support which for me is at the 1.4050 area in the middle of the triangle. It is heading south now as the triangle resistance appears to hold. It could go back to ...

Jacko's Forex House of Pleasure and Pain

image image Looks like a good trade that one! Wish the price would show some direction and momentum...looks like it is trying to break the triangle on the upside, but does not look like there will be a decent trading opportunity this week

Jacko's Forex House of Pleasure and Pain

Thanks, just looked at price and the 1.4050 is holding up as resistance for the time being and the price is slowly drifting down...I'm waiting for some decent price action before entering. It has the potential of making a decent move upon some ...

Jacko's Forex House of Pleasure and Pain

My 2p's worth... Daily chart... image 4H chart... image I don't trade off the hourly, but sometimes it can confirm the S/R levels from the higher timeframes... image I'll be entering a long at te bottom of the triangle (small position) and if ...

Jacko's Forex House of Pleasure and Pain

Poor trade as counter-trend, lost 58 pips and immediately entered a position long together with a GBP/USD long position. Just closed out on surprise French Industrial Output figures for a 3 pip loss on Euro and 37 pip gain on cable. Looking for ...

Jacko's Forex House of Pleasure and Pain