Kaunasny, Yeah. Hopefully wont continue on done past my TSL. If it does then there's a A-H to set in place. I'm trying to completely take emotion out of the trades I make. Have to wait and see K8

Jacko's Forex House of Pleasure and Pain

Just entered long at 1.5750. Had set the trade up 100pips below the top thinking it was a good sized dip. Will have to see. Today marks the first trade using solely jacko's methods after re-reading all the thread and joining the second group last ...

Jacko's Forex House of Pleasure and Pain

Unfortunately missed that move. Was waiting for re-trace as per previous post, never happened. Am learning that lovely virtue called patience. I put in the exact same buy at 1.5530 then read the post of Hendrix. Is the old support level. K8

Jacko's Forex House of Pleasure and Pain

looking at 1hr chart appears to be ranging a bit up to 1.5560ish. A break above could see some nice new pips. A break below 1.5530 could see a nice dip to buy on. thinking 1.5480 then back through 1.5500. K8 testing 1.5530

Jacko's Forex House of Pleasure and Pain

1.5530 support — looks like it may be using the old support of 1.5530. European markets opening. Should see more liquidity in hours to come. I think there may be a re-tracement before it keeps going up. Thinking of getting in around the whole ...

Jacko's Forex House of Pleasure and Pain

Support appears to be developing around 1.5400. Was previous resistance from 7 - 11 March. Mind you all major markets are closed and coming into Easter. Staying on the sidelines for the moment. K8

zoopy's trading journal

Lesson learnt — While I have been finetuning my understanding of the method I decided to stay on the sidelines and watch due to the falls. Unfortunately I still had a longer term trade going in the EURUSD and have now stopped out of that trade ...

Jacko's Forex House of Pleasure and Pain

Sorry, now I'm confused. looking back at the charts the price was around 1.5675. I thought rukes stated to buy on dips. So wouldn't that mean to wait for the price to go above 1.5700 by 20 - 30 pips at least, place a buy at 1.5700 and wait for the ...

Jacko's Forex House of Pleasure and Pain

I'm always happy. Something about the anti-depressants I'm on. Only kidding

zoopy's trading journal

I'd love to stay up for it but the announcement happens at 5.15am my time after trailing my stops through the night and after the fact but I need my sleep for work tomorrow. Ah well that is the price I pay for living in a great place like Oz. K8

Jacko's Forex House of Pleasure and Pain

1.6000 — I get the impression you are right about the 1.6000 level. I am still long but as i will be asleep when the US interest rate sut announcement is made I have also set a tp for 1.6000 in the event it attacks this level before retreating ...

Jacko's Forex House of Pleasure and Pain

I have never been able to fully understand triangles/flags etc to a level to say with any certainty if something is going to happen. That's why I will only trade with the trend. If fxmillion is correct then cudos to him/her, better trader than I. ...

EURUSD

Friday's price — Price has just pulled above Friday's high so if you discount the madness of yesterday this could signal more highs to come.

zoopy's trading journal

LOL It appears this train is currently being run by our government. Takes off, breaks down, takes off again. Hopefully 1.6000 is in the near future for us. There's plenty of people out there trying to verbally push it down again. Mind you this is ...

zoopy's trading journal

You're right. you did mention that. I have absolutely no idea how to read price action with BEOBs and pin bars etc although I did read somewhere that pin bar like that is also referred to as a pinnochio (sic) bar in that it usually means the market ...

zoopy's trading journal

For the record are you claiming 5 out of 5 or taking the 4.5 out of 5?

zoopy's trading journal

Almost identical pb with 160pip nose occurred on 11/3/08. Next day breached the top of the nose and kept going north..... WHo knows. Everyone waiting for the Fed announcement later. Very timid market so far in the last 12 hours. K8

zoopy's trading journal

On the 1 hour chart 1.5750 also appears to be acting as a support at the moment. One sharp drop through that didn't last long. Hopefully will go through once more to get your entry then into blue sky territory K8

zoopy's trading journal

looks like the northbound train missed a couple of stops. Is currently coming back at the start of the European sessions. Coming down to 1.5750 levels. Historically what would a 25 point rate cut/rise be worth in pips.....

zoopy's trading journal

European sessions in the process of opening. I think this is a consolidation after the Asian markets ttempted to catch up for the US Friday session. Will probably go a little further south but then I think it will go again in around an hour and ...

EURUSD