Hi Kanon You are doing fine. Just keep doing what you are doing. Just make sure that you put the trailing stop loss on EVERY trade. .

Jacko's Forex House of Pleasure and Pain

Hi brxxt, Yes mostly I ignore them. If I have positions that are real close to the market price say one hour out, I may close them for safety, but it is not my usual practice. Albeit the reaction time ofthe market is much more rapid, the stop loss ...

Jacko's Forex House of Pleasure and Pain

Update on this trade: 1.3819 is now the highest point since purchase. Trailing Stop loss currently at 1.3769 (1.3819 - 0.0050 = 1.3769). At the absolute worst, I will I will make a minimum of 69 pips profits less expenses. (1.3769 - 1.3700 = 69). .

Jacko's Forex House of Pleasure and Pain

An interesting anomoly is occurring again.... Euro spikes up 80 pips (from 1.3700 to 1.3780) and GBP barely moves 40 pips (now at 2.0395) and Aussie dollar doesn't move (now at 0.8570). Seems as though both are a probability-positive trade. (Not for ...

Jacko's Forex House of Pleasure and Pain

1.3700 was a good buy point. (1.3682 would have been nicer, but hey, my mother always said it was bad manners to "pick your bottom") image 1.3750 is the highest point since purchase. Trailing Stop loss currently at 1.3700 (1.3750 - 0.0050 = ...

Jacko's Forex House of Pleasure and Pain

1.3700 is good to buy. (for me) .

Jacko's Forex House of Pleasure and Pain

The carry trade "noise" is starting to dissipate... Normal service resumes.... 1. Central Banks getting more "equilibrium" in USD and other major currencies...by selling USD and buying major currencies (esp. China, Russia and Arab countries). 2. new ...

Jacko's Forex House of Pleasure and Pain

Hi PeterFM Thanks for that. I never knew that. .

Jacko's Forex House of Pleasure and Pain

Hi mbalta01 What do you do?? You take it on the chin, pal. Then move on. (Sorry, some people may not understand that expression). You accept that on very rare occasions, this may happen. What you do, is sit back and take a look at the situation and ...

Jacko's Forex House of Pleasure and Pain

Hi revoke, I have just started trading a parallel set of trades based on a longer time frames. They are my "buy and hold" trades. They are not based on weekly charts, they are really just trades with 100 pip trailing stops. I am not keen on Stop and ...

Jacko's Forex House of Pleasure and Pain

Hi PeterFM, You have a good grasp of what I do. I am constantly confused by everyone focussing on specific "signals" to enter. Round numbers, Trend lines, and 50% Fib are simply "probabilty-positive" points of resistance or support It doesn't really ...

Jacko's Forex House of Pleasure and Pain

Hi SeekingLight, Thanks for that. I was actually thinking about posting another "live-time" trading journal, similar to the one that I started at DailyFX. Newbie has been on at me to do it for ages. Then I saw Auslanco's thread and was stunned at ...

Jacko's Forex House of Pleasure and Pain

Hi SeekingLight, You are correct. .

Jacko's Forex House of Pleasure and Pain

Hi cici,

Jacko's Forex House of Pleasure and Pain

Hi mbalta01, I bought euro at 1.3650. It had a high of 1.3728 Trailing SL is 1.1.3678 1.3678 was 28 pips profit. END OF TRADE. No A-H applicable. That was fun....lets do it again. Re-enter at 1.3650 It had a high at 1.3708 Trailing SL is 1.3658 ...

Jacko's Forex House of Pleasure and Pain

Hi kelab4x, 1. I felt that this correction would be relatively shallow. 2. 50% retracement (from late June 1.3414 to late july 1.3851 )would have approx 1.3650. 3. Also, if you had been trading in late April and again in early July, you would have ...

Jacko's Forex House of Pleasure and Pain

And yes, I still believe that 1.4500 is the longer term target. 1. The US is STILL a Trillion dollars in debt..... and it is STILL increasing. 2. The "big dogs" are the Central Banks...and they all want to be out of US Dollars for a lot more yet. 3. ...

Jacko's Forex House of Pleasure and Pain

The above post was posted on 07-25-07 (post 611). 1.3650 was a good buy point. (1.3608 would have been nicer, but hey, my mother always said it was bad manners to "pick your bottom") 1.3726 is the highest point since purchase. Trailing Stop ...

Jacko's Forex House of Pleasure and Pain

Just saw this thread. Are you saying that I am one of those without Harvard Education, Awesome Mentors, or Genius Intellect.

Success Stories--Those without Harvard Education, Aweso Mentors, or Genius Intellect.

Hi MPP, 1. Just go into your messages and copy and paste them into your PM to Wellspring. 2. Then delete your messages here. 3. Wellspring can then do the same. Thanks. PS I am not offended. .

Jacko's Forex House of Pleasure and Pain