Hi canados Hmmm...sometimes I think it is but you have to draw a line in the sand somewhere. However, in the unlikely situation that you have VERY good reason to believe that you DESPERATELY NEED to be back in the market... then the key advantage to ...

Jacko's Forex House of Pleasure and Pain

Hi Westie, Your analyses are correct. Out for another 28 pips profit. .

Jacko's Forex House of Pleasure and Pain

Hi FxBabe, I like to see a trend line broken (meaning price has closed underneath it) a couple of times, then a "confirmation" rally back to the resistance line and then another decline. However, remember that I use medium to long term timeframes,so ...

Jacko's Forex House of Pleasure and Pain

Hi Isotonic, No, this will not be a live trades journal....been there, done that....If anyone is seriously interested in seeing the "emotion" and "excitement" of that, then they can look at the previous one at Dailyfx. Rather than give traders here ...

Jacko's Forex House of Pleasure and Pain

Trailing stop got me out at 1.3628 for 28 pips. Pips won are starting to get smaller...normally means a retracement is nearby. When market is strong and streaking away, it is usual to make 100-150 pips at a time. Having said that this market looks ...

Jacko's Forex House of Pleasure and Pain

Hi kharvell Congratulations on your good results. Even though you haven't used the anti-hedge yet, it is good to keep in your trading tool box. .

Jacko's Forex House of Pleasure and Pain

Am in at 1.3600.

Jacko's Forex House of Pleasure and Pain

Hi johnedoe I have modified your statement above. I think it should have read: I think it is going to meet some resistance here... (and then) the trend (will) break through and continue to the next resistance around 1.40 and the next around ...

Jacko's Forex House of Pleasure and Pain

1.3700 ??? I will place an order at 1.3600 (again). .

Jacko's Forex House of Pleasure and Pain

Hi johnedoe Sorry, but I don't want to be seen to be recommending any broker. Do your research on all the major ones. .

Jacko's Forex House of Pleasure and Pain

Japanese PM Abe: refusal by North Korea to honor its nuclear commitments would require a tougher response - press conf. with Bush url .

Cable Update (GBPUSD)

The reason for the sharp drop — The reason for the sharp drop? President Bush: Patience with N. Korea is not unlimited regarding its nuclear disarmament commitments Oh no...Not again !!! .

Cable Update (GBPUSD)

The reason for the sharp drop? President Bush: Patience with N. Korea is not unlimited regarding its nuclear disarmament commitments Oh no...Not again !!!

Jacko's Forex House of Pleasure and Pain

Just stopped out at 1.3631 (1.3681 minus 50 pips = 1.3631) A quick little 31 pips in less than 10 hours. .

Jacko's Forex House of Pleasure and Pain

shreem, .... Hopefully, That's the first step on the long march to prosperity. Good trading. .

Jacko's Forex House of Pleasure and Pain

sopier I don't have an opinion. I have never traded it and I have looked at this pair probably 5 times in my life. What don't you like about the Euro/USD pair? .

Jacko's Forex House of Pleasure and Pain

50 pip trailing stop.....how much easier does it get? I don't need to think, the stops get me out. Fundamentals are for understanding the "big Picture", but charts are used for trading. I am a longer term trader than most traders here and so I am ...

Jacko's Forex House of Pleasure and Pain

Skyline, What didn't you like about 1.3600 ? Just keep a 50 pip trailing stop. Go and REALLY try to fully understand the anti hedging process. As i said above, in post 6 . .

Jacko's Forex House of Pleasure and Pain

Hi Newbie, Will call you early next week to catch up on your progress over the last couple of weeks. .

Jacko's Forex House of Pleasure and Pain

Westie, You are correct. But as can be seen, the 50% retracement is a long way from where the market is now. I am therefore using the "round" numbers option ( and to a lesser extent, my trend lines) of my 3 methods. .

Jacko's Forex House of Pleasure and Pain