Hi SeekingLight, What Newbie said above is mostly correct but I also can make (international) phone calls to each of my Forex brokerage companies and say my account numbers and passwords and get updates or place an order at any time. In Asia (esp ...

Jacko's Forex House of Pleasure and Pain

I have had a very small number of PMs and emails from people here asking why I set up my parallel "buy and hold" accounts. Everyone knows that the strongest and most fundamental driver of the longer term trend is the position taken by the Central ...

Jacko's Forex House of Pleasure and Pain

Hi generalz, I will try to answer your questions about my parallel "buy and hold" accounts Can you talk about how you see yourself entering these parallel trades. I established a separate account with each of my 4 brokers before my wife and I went ...

Jacko's Forex House of Pleasure and Pain

Update on my "buy and holds" — Update on my "buy and holds" This has been one of my most profitable trading positions ever. Also one of the least stressful. 500 pips in quick time...multiplied by USD10 per pip....multiplied by x ...

Jacko's Forex House of Pleasure and Pain

Thanks SeekingLight, I am a techno-moron. I have now fixed my post. .

Jacko's Forex House of Pleasure and Pain

I have just come across this thread: url I recommend that everyone read all the contributions by Trader888 starting at post # 26. Excellent trading advice and perspectives for all traders. .

Jacko's Forex House of Pleasure and Pain

Hi Trader888, I have just come across this thread. I have really enjoyed reading your posts and it is very interesting to read the view from "the other side" of the trading business. (Trading with OPM vs trading with your own) What you say is ...

How to be a trader for a company?

Hi Kash (again), I answered this post above in Post 468 but it has been nagging away in my head since I replied. I am not having a go at any trader, but I have been reading some other threads and I haven't read one decent, logically thought out, ...

Jacko's Forex House of Pleasure and Pain

Hi IRISH37, Thank you for your kind words. I am just trying to be useful around here and trying to help the young bucks to make a few dollars rather than losing a lot of dollars. .

Jacko's Forex House of Pleasure and Pain

Hi Hundmist, I have recently been thinking exactly the same thing but I don't like the volatility of the GBP. However, given that I have doubled my lots again due to the parallel accounts I am definitely giving it more thought. 1.4500 is the high ...

Jacko's Forex House of Pleasure and Pain

The major difference between my "buy and hold" accounts and my "trading accounts" is that the "buy and holds" have bigger SL limits. I am hoping to get to the stage that my trading will gradually move more into "buy and hold" accounts and I will ...

Jacko's Forex House of Pleasure and Pain

Hi FXHolic, For a little while now, I have been setting up parallel accounts which are strictly "buy and hold" positions. These are in addition to my "trading accounts". I had been waiting for a significant retracement before establishing the ...

Jacko's Forex House of Pleasure and Pain

Hi Kash, What do you thinking of shorting the Euro now ? Risky. It will probably go there, but is it worth the risk? As Clint Eastwood said in the movie "Dirty Harry"...... "Are you feeling lucky?" For a 100 pip profit target at around 1.3650 . The ...

Jacko's Forex House of Pleasure and Pain

Hi joiedevivre If I had crystal balls, I would be VERY careful when I sat down. what the corrections might be like? 150 - 200 pips max Do you have a target date for 1.45....it sounds so far away Within 12 months ?? Maybe within 6 months?? ...

Jacko's Forex House of Pleasure and Pain

Hi Stan, 1. I think that the Fed is trying to reduce the US debt to the worlds Central Banks because it was losing enormous amounts of credibility. 2. Equally, the worlds Central Banks are trying to convert their credits to other currencies at the ...

Jacko's Forex House of Pleasure and Pain

The post above was posted on 07-02-07, I think that the major sell off in the USD against all currencies is destined to continue in the longer term. There will be corrections but they will be relatively shallow. First target is 1.45 .

Jacko's Forex House of Pleasure and Pain

Hi luqmanz, Yep. The 5 year old will get it correct everytime. .

Jacko's Forex House of Pleasure and Pain

Hi Quickdraw, Yes, 300 candles / bars works for me. It gives a decent perspective of the market. .

Jacko's Forex House of Pleasure and Pain

Hi Joel, What I said was: My personal thought at this point of time is that maybe 1.3500 will see the bottom of the next shallow corection and that it may occur next 7 - 10 days. (NOTE I could be wwwwrong !!). Also see Post #4 on this thread:

Jacko's Forex House of Pleasure and Pain

Hi Quickdraw, DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE. You have to be comfortable with your trading time frame...not mine. .

Jacko's Forex House of Pleasure and Pain