Hi Fabrice, 1. 50 pips isn't a lot. (Thanks Cateful) 2. Entry point is not important. AH is far more important. 3. It is rare that I will pull the plug on trade on less than 50 pips (unless it heads straight down). 4. One or two of my trades that ...

Jacko's Forex House of Pleasure and Pain

Hi Archer, I don't mean to try to "predict" any particular target. I try to let the market tell me when it is changing (or more correctly, when it has changed). Back in early 2006, the market had shown me that it had changed from a "short" on the ...

Jacko's Forex House of Pleasure and Pain

Without a doubt, this "business" is the best business I have ever encountered. This can be an incredibly easy way to earn an outrageous (bordering on obscene) amount of money in a very short period of time. Please go back and read this: url I have ...

Jacko's Forex House of Pleasure and Pain

I posted this on 8/22/2007 when the market was at 1.3450. It has now reached 1.4277 (which is more than 75% towards the target) in just more than one month. I think that it may take far less time than 12 months to reach 1.4500. It is sad, really sad ...

Jacko's Forex House of Pleasure and Pain

Correct. .

Jacko's Forex House of Pleasure and Pain

Correct .

Jacko's Forex House of Pleasure and Pain

Correct.

Jacko's Forex House of Pleasure and Pain

Correct .

Jacko's Forex House of Pleasure and Pain

Hi Superion, ?????????? Tell me more about the bail out system....how does it work?? .

Drawdown or Stop Loss

I posted this on 8/22/2007 when the market was at 1.3450. It has now reached 1.4097 (which is more than 66% towards the target) in less than one month. I think that it may take far less time than 12 months to reach 1.4500. The really sad thing is ...

Jacko's Forex House of Pleasure and Pain

Hi cesarnc, Thanks for your pm. It appears that Bloomies is now looking at 1.4200 to 1.4300 by end of this year. url I don't know if that is a good thing or a bad thing... .

Jacko's Forex House of Pleasure and Pain

Hi cesarnc, You may be right. We are still looking to get back in......but we are simply looking for a "cheaper" price. I am not in a rush....if we see a good opportunity we will take it, but we are patient and think that there may be a better ...

Jacko's Forex House of Pleasure and Pain

Hi Afxtrader, Yes, the TIC data is always useful to confirm my fundamental views about the flow of international trade. This was an interesting post in the News section some days ago. url especially the part that said "This report may indicate, if ...

Jacko's Forex House of Pleasure and Pain

Hi cesarnc, We actually got out earlier. We decided that the rise was a bit over-emotional and we thought that it would retrace within 48 hours so we got out six hours after the announcement at 1.3968. However, you are correct in that if we had left ...

Jacko's Forex House of Pleasure and Pain

Hi Archer, Thanks for your kind words. I really appreciate it By the way, I have spoken to Mark...or rather, he has spoken to me...on numerous occasions....and he has absolutely no interest in posting in this forum or any other forum. Like most ...

Jacko's Forex House of Pleasure and Pain

Unfortunately, I didnt get in at 1.3800, so I had to buy in the 90 minutes before Mr Bernanke spoke (ave price 1.3870). The USD is being re-rated by the world economies. Look for a HUGE shift in the balance of Chinese holdings in the next twelve ...

Jacko's Forex House of Pleasure and Pain

I posted this on 8/22/2007 when the market was at 1.3450. It has now reached 1.3987 (which is more than 50% towards the target) in less than one month. I think that it may take less time than 12 months to reach 1.4500. The really sad thing is that ...

Jacko's Forex House of Pleasure and Pain

Hi findcount, Gee....hmmmm....why not set the alarm? Or does your fluffy teddybear that you sleep with dislike being woken up ? Sorry, I am just joshin you.... .

Jacko's Forex House of Pleasure and Pain

Sorry SeekingLight, Just found your post. It was two pages back. You are also correct. However, I think that it may be worth waiting until just before Mr Bernanke starts to make his statement. We may see 1.3800. I see no reason to take a position ...

Jacko's Forex House of Pleasure and Pain

Hi Superion, The "emotional" pain of holding large (and increasing) drawdowns far, far far exceeds the "financial" pain. It is emotionally devastating !!!! The first question you should be asking yourself is "why should I put myself through the pain ...

Drawdown or Stop Loss