Hi diallist, I have just seen this post...you must have posted it as I was writing mine (I am a VERY slow typist)....Also your response is much more succinct and to the point than my long winded response. Everything you have said is correct. I am ...

Jacko's Forex House of Pleasure and Pain

Hi cologg, I have just re-read your post and realised that I hadn't answered your question properly. (Sorry but I was a bit distracted earlier). Waiting for the retrace to 50% was certainly an option that I could have taken but I was thinking that ...

Jacko's Forex House of Pleasure and Pain

Hi cologg, I am in at 1.3650. So I am currently underwater 25 pips. Came close when it dropped to 1.3605. (I thought I was a goner...). But just letting the trade play itself out. I am not feeling real confident about the trade but I have been in ...

Jacko's Forex House of Pleasure and Pain

That Billionaire would be under ENORMOUS pressure from his Wall Street financiers to use his media interests to put even more pressure on the Fed. I was amazed when I saw the article come across the wires, I doubt that he would have signed off on ...

Subprime Worries

SunTrader, We are looking at the situation where Credit markets are attempting to dictate international Monetary Policies for each country, including the US and Europe. This just came across the wires: Aug. 13 (Bloomberg) -- Credit markets are ...

Subprime Worries

News flash; "Overseas central banks continued to add liquidity into the market. The European Central Bank said Monday that it had provided around 47.5 billion euros ($65 billion) in loans, while the Bank of Japan added over $5 billion" Another $70 ...

Subprime Worries

The Central Banks cobbled together a mere US$300+ Billion (that over a quarter of a TRILLION US dollars!!!) and.... it was all done in LESS THAN 48 HOURS !!!!! Thats what I call "Looking after your (hedge funds and banking) friends" What about going ...

Subprime Worries

Hi Que, The banks did it because they always know that the governments and the central Banks will always bail them out. They are looked after by their cronies. .

Subprime Worries

Hi Xenjin, Yes you are correct. (Plus, don't kick yourself too hard...1. no-one knows at the start when a trend will range and 2. no-one knows how long it will range and 3. no-one knows when it will end). The issue that then arises is, "How do I ...

Jacko's Forex House of Pleasure and Pain

Hi Diallist, Thanks for your welcome remarks. As seen in the post above, I am quite happy to leave it to smjones (and any of the other moderators) to keep the thread in optimal condition so that it best serves the FF community. I don't tend to post ...

Jacko's Forex House of Pleasure and Pain

Hi smjones, Thanks for cleaning up the thread. I must admit that it wasn't causing me any problems, because I would just skim through and see if there was anything interesting that needed a reply. However, I could also see that if someone wanted to ...

Jacko's Forex House of Pleasure and Pain

Have been in and out of this market today. Got in at 1.3650-1.3655. Market moved to 1.3701 (Feelin good !!) Then dropped. (Not feelin so good !!!) Trailing SL was at 1.3651 but, given the rapid rate of drop from 1.3690, I closed out at just above ...

Jacko's Forex House of Pleasure and Pain

1.3650 Again... — A bit late in posting but 1.3650 was good buying (again !!). Market currently at 1.3672. If it dips back into the 1.3660's again, then it is a good "probability-positive" trade. .

Jacko's Forex House of Pleasure and Pain

Market at 1.3790. Am about to be stopped out at 1.3788 for 88 pip profit. .

Jacko's Forex House of Pleasure and Pain

TO EVERYONE.....I am repeatedly amazed how some people make something so easy, into something sooooo difficult !!! I am starting to get exasperated...... To everyone, I am a technoMORON.....I do NOT trust computers... I would not know a MT4 if it ...

Jacko's Forex House of Pleasure and Pain

Hi Ken, Firstly, as I said previously to mbalta01 (in post 750), if you have one of these "shake-out", you accept that on very rare occasions, this may happen. What you do, is sit back and take a look at the situation and decide if you want to enter ...

Jacko's Forex House of Pleasure and Pain

Update on this trade: 1.3838 is now the highest point since purchase. Trailing Stop loss currently at 1.3788 (1.3838 - 0.0050 = 1.3788). At the absolute worst, I will I will make a minimum of 88 pips profits less expenses. (1.3788 - 1.3700 = 88). I ...

Jacko's Forex House of Pleasure and Pain

As long as the US Govt continues to have significant Current Account Deficits every month, the world will continue to lose faith in the US dollar. .

Jacko's Forex House of Pleasure and Pain

Hi rumbey,

Jacko's Forex House of Pleasure and Pain

Hi tdion, I did'nt pick 1.3700 as a reversal.... I thought that 1.3650 would be the limit of the retracement from 13851. I bought twice at 1.3650 for profit gains of 26 pips and 8 pips respectively. I just missed out on getting set a third time when ...

Jacko's Forex House of Pleasure and Pain