Hi Ademac, I haven't actually read this book (Reminiscences Of A Stock Operator By Edwin Lefevre). I have read "Jesse Livermore: The Worlds Greatest Stock Trader by Richard Smitten" which paraphrases the book in the e-book (Reminiscences Of A Stock ...

Trend Following Experiment - EURUSD

Hi iPlayGames to me, both the weekly trend and daily trend are still up, I took a position already and got stopped out, this showed that my position was wrong, Yes, but 4 hrly trend line has been pierced, (which is why I said that I was standing ...

Trend Following Experiment - EURUSD

Hi iPlayGames Man, you have GOTTA CUT DOWN ON YOUR COFFEE INTAKE !!! 1. There was ONE trade...you bought in at 3608. At that point your trailing stop loss was 3558 (3608- 0050 =3558). 2. Now, as the price increased, your trailing Stop Loss was ...

Trend Following Experiment - EURUSD

Hi cesarnc Thanks for the encouragement.... My wife has just read the last couple of posts that I wrote and has suggested that I just concentrate on my making my trades (and giving her lots of good loving...). I think she was annoyed because she ...

Jacko's Forex House of Pleasure and Pain

Hi newbie, Its not that they don't understand it...its just that some have been too lazy to try to understand it...or they are just too cynical and don't want to understand it. But I will say it again... .

Jacko's Forex House of Pleasure and Pain

Hi Gmak A good summary... .

Jacko's Forex House of Pleasure and Pain

Hi willf, Close enough... .

Jacko's Forex House of Pleasure and Pain

tdion I wasn't going to answer this post because it has a "cynical" intent. However, the answers to the imprudent statements are below:

Jacko's Forex House of Pleasure and Pain

Hi willf, See below for answers

Jacko's Forex House of Pleasure and Pain

ok, this is a bit embarrssing, but I've realised that I'm probably over-analyzing Definitely......... so I'm changing my strategy now. Good idea... I had another look at the charts, and what do I see? both weekly and daily trends are up. Thats ...

Trend Following Experiment - EURUSD

Hi TEB63 I am in and out of the Northern Express...and I don't get on the Southern track. In a big way is relative...but yes, it could be said that I am currently trading in a big way (for me). .

Jacko's Forex House of Pleasure and Pain

Thanks willf. Can you put another one underneath that one , but start date at mid 2004. Please put into the post above Thanks again, willf .

Jacko's Forex House of Pleasure and Pain

Hi SeekingLight, Good target hit. PS I don't think Elliott Wave is B.S. ....I have never said that....what I have said (repeatedly) is that: " Elliott Wave Theory has never been a "sufficiently reliable" model to generate consistent profits from ...

Jacko's Forex House of Pleasure and Pain

Hi JFonseca As you probably know, I can't post a chart here to save my life, but: 1. if you bring up a weekly chart of the Eur/USD. (Isotonic or Newbie...can you do this for me?) 2. Then draw a line from the top of 3-14-2005 to 9-05-2005 3. That ...

Jacko's Forex House of Pleasure and Pain

how do you exit a trade?I know you use a 50 pips trailing. Yes Do you use also profit targets? No .

Jacko's Forex House of Pleasure and Pain

Hi hilmy, You really don't want to know..... It is all relative...I trade large lots so my drawdowns (as a percentage of earnings) were initially a bit scary. (However, the drawdowns are now seriously limited by the anti-hedge limits). In an attempt ...

Jacko's Forex House of Pleasure and Pain

Market is showing weakness...retracement is very near (I think)...standing aside from market...waiting for a better (lower) "buy" entry point. For super aggressive traders, a "short" position looks a viable option. (I just dont do that type of ...

Jacko's Forex House of Pleasure and Pain

Hi SeekingLight, I draw trend lines for weekly, daily and 4hr. I use the lows. For those of you who like trend lines as a major indicator, I have just found this on another site....regarding support and resistance lines...thought that it was ...

Jacko's Forex House of Pleasure and Pain

Hi canados You are correct. The anti-hedging is VERY important to my trading. As long as I have the major trend direction correct, I cannot lose money. If I make a mistake in the short term, because of a minor retracement, then I know that I will ...

Jacko's Forex House of Pleasure and Pain

To Westie, canados, FxBabe, Isotonic, kharvell and others who are contributing to this thread. It is good to see you discussing things, thinking about them and working things out. It is much more rewarding to me compared to the normal "I am new and ...

Jacko's Forex House of Pleasure and Pain