dunningduke, You understand !! From your answer above, you now know how it works. .

Jacko's Forex House of Pleasure and Pain

libertao, Wrong....I was happy to buy in at 1.3600. (I consider "round" numbers, most important) The resistance is 1.3666, but I consider that the "long" trend is far from over. I see no reason at the moment to believe that the bull market trend ...

Jacko's Forex House of Pleasure and Pain

BeachBum, cgldsmth and Shreem, Thank you for your kind words. .

Jacko's Forex House of Pleasure and Pain

Recently started "playing" with the GBP/Usd for a bit of additional interest. It tends to be 3X more volatile in the short term than the eur. Also tends to be less "trend"y. However, in the longer term, it mirrors the Euro. The question therefore ...

Jacko's Forex House of Pleasure and Pain

Winterwhite, I am sorry but would think that $5000 was too small to play. Maybe use mini accounts?? (I don't even know how they work though). The issue is that you are undercapitalised. You need to rectify that problem. .

Jacko's Forex House of Pleasure and Pain

The House is open. — The House is open. If you have any questions, feel free to ask... If I don't want to answer....well, then I won't !!! If I haven't answered, its probably because I haven't seen it or, more likely, I am ignoring the ...

Jacko's Forex House of Pleasure and Pain

A little "brag" — As seen from above On April 25 2006 (when the Euro was at 1.2400) I suggested that "I am looking to 1.3666 within 12 months" On April 25 2007, the Euro hit 1.3664 (I missed the target by 2 pips !!!) All this goes to ...

Jacko's Forex House of Pleasure and Pain

Results — Aaagghh...the bit everone wants to know..the results. Prior to March 2006 Until early March 2006, I was a RABID "short". I was vociferous about going "short" because the Forex Express was definitely a South bound Express. When I look ...

Jacko's Forex House of Pleasure and Pain

An Opinion on "Trading the News" — In my opinion, You have NO chance trying to trade the news (buy or sell as soon as the news is released)...the dealers will ALWAYS be in front of you. (you need a broker too that won't play unfair ...

Jacko's Forex House of Pleasure and Pain

Timeframes for Determining The Trend — Time frames (for me) as a Trend Trader I start with weekly, then move closer in using daily, 4 hour and 1 hour to help me make a decision. Less than 4 hours tends to be "noise" rather than a "trend". They ...

Jacko's Forex House of Pleasure and Pain

An Alternative to Hedging. Jacko's Anti-Hedging Strategy — This strategy was invented by me as an alternative to "hedging" which was often discussed on Forums as a panacea to a losing trade. "Hedging " to me is simply hiding a loss under ...

Jacko's Forex House of Pleasure and Pain

Trend Trading. — I am a Trend Trader EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY; 1. buy/ sell ONLY in the direction of the major trend and 2. buy/sell on dips.(Use support lines to guide you as to price...also "round" ...

Jacko's Forex House of Pleasure and Pain

Who Am I ?? — Who am I ?? I started trading Forex about a year ago. Have traded futures for much longer (15+ years?). Started a trading journal at DailyFX in Feb 2006.(ONLY FOR PEOPLE IN LIVE TRADES-Jacko's Pleasure and Pain conversations). ...

Jacko's Forex House of Pleasure and Pain

Why Do I trade Forex — Why do I trade Forex? Because I am ABSOLUTELY CONVINCED that this is the best "business" in the world. There are: 1. no rent of offices (that is, NO dealing with Realtors, Lawyers, and government departments...man, what ...

Jacko's Forex House of Pleasure and Pain

Waaay to technical for me... .

EURUSD

It is interesting how history repeats itself. Below is a copy of a thread from DailyFX It is dated EXACTLY one year ago on April 25 2006. See Post 11079 url It was followed a couple of days later by this post (post 11670). PLEASE NOTE: This was ...

Simplify your system

Just a couple of things to notefrom the above: 1. i am taking small profits. Why only small profits? 2. high probability trades What are these things? 3. that way my SL when they get hit will not hurt as much Seems as though you are fatalistic. I ...

10% a month Will be my aim

It will be interesting to see where this Market goes to in the next week or 10 days. I am currently out of the Market and waiting.... In the last week I have read some excellent books. I have highlighted the salient points: Jesse Livermore: The ...

EURUSD

I think that it is going to retrace over the next week, then have another attempt at 1.3666. This is NOT a recommendation to "short" this market but rather look for a lower place or price to buy in. .

EURUSD