Hey dude, Thanks for your reply... I´ll defo look into it I imagine thats "Billy Ray Valentine"..? thanks for your reply 20pips/day is sure a good and realistic target. and achievable...not to mention very lucrative in the long term... ...

Trend Trading Chart Thread

Maybe more experienced members can share their view on this, but from my own understanding Jacko doesnt use the candle close as confirmation, he just uses bounces and (if i understand correctly) a margin of pips as "confirmation" to enter... s/r, ...

Jacko's Forex House of Pleasure and Pain

Hi Brixton, Curious you mention that youve been applying the same method on smaller TF´s. I was thinking if it was possible and ive been "dabbling" trying to figure something out. Basically changing the Stop size and the entry margin, being Dans ...

Trend Trading Chart Thread

Hi coscorp, Just curious if that is actually a screenshot of how Jacko has his charts? Just being nosey really . Very clean and simple. Then again its what we should all have on our chart if we are following this method IMO. cheers

Jacko's Forex House of Pleasure and Pain

Totally agree with you A % return is a % return. The account size is irrelevant. If you can consistanlty bring in say.... 3%-5% or more CONSISTANTLY then its just a matter of time. And honestly, its best to start small and grow with compounding ...

Jacko's Forex House of Pleasure and Pain

You can make a hefty return just on 200 pips per month consistantly. Then again, depending on account size it would imply higher risk due to leverage increase. So, focus on several markets that are trending and apply the method, instead of just e/u. ...

Jacko's Forex House of Pleasure and Pain

Hi coolshades, Im watching it. Its hit fibs 50 again. Im looking at a possible entry at 1.0500 since it didnt hit 1.0600. what do you think? Also keeping an eye on U/J. What do you think of G/U? It didnt reach fib 50 nor 1.6200 but it did hit ...

Trend Trading Chart Thread

Quick question... — Hi coolshades, Just a quicky on your aud/usd 92 trade. Could you hava a glance on my chart? Maybe im seeing things different to you guys. I know ive overcomplicated things and something that i get very stuck on is fibs. I ...

DanUK Simple EUR/USD Trading Journal 2009

G/U — Sell order just trigered at 1.6400. Lets see what cards the market shows us

DanUK Simple EUR/USD Trading Journal 2009

I have a pending order at 1.6350 to sell but im watching it closely. The strengh of the uptrend could *possibly* continue and eventually break the dailies down TL, although it has halted. so time will tell. Bear in mind im a rookie so no one take to ...

Trend Trading Chart Thread

Thanks castle, Just to clarify... Do you ONLY use the fib 50 or do you keep an eye out for 61.8 aswell? I get the impression just the 50...? Reason I ask is because i "seem" to see a lot of setups that IF they pass the 50 will usually react to ...

DanUK Simple EUR/USD Trading Journal 2009

Hi castlerock, Just a quickie. How many markets are you watching at any given time and which ones if i may ask? Is it just fx or are you watching anything else such as commods..? You seem to be doing rather well are you just applying this method ...

DanUK Simple EUR/USD Trading Journal 2009

Ye Sam Seiden sure opened my eyes to this crazy world . Watching a few of his webinars on f.x street sure improved HOW i look at the market. If anyone of you guys havent seen it i suggest you do. type his name becuase he has a knack for explaining ...

DanUK Simple EUR/USD Trading Journal 2009

coolshades — Hi coolshades, Quick question, is one of your entry criterias a close of the candle above/below your entry price? Thats the impression im getting. I thought this method is based on rejection and entry 50 pips above/below without ...

DanUK Simple EUR/USD Trading Journal 2009

Humble Progress — Its funny how things evolve lol. I started nearly a month ago reading this thread which contains excellent information. As the month has progressed i have complicated my own trading! Back to basics. All i can say is that ...

DanUK Simple EUR/USD Trading Journal 2009

Im also in USD/JPY from 89.50 with SL at 90.50. My reasoning is the descending TL, 50 fibs and pb of dailies. Also to point out that this entry is at the top of the current range, so in essence it looks like a nice trade from resistance, although ...

Trend Trading Chart Thread

SL´s — Hi forexmick, Its interesting you mention about the stop sizes. Im also keeping an eye on NZD/USD and I was wondering if you do to since its very very alike the aud/usd? If so, what size sl do you use on it? Im currently using 100pip ...

Jacko's Forex House of Pleasure and Pain

Thanks coolshades. I think its to early for that trade but id like to see what Dan says since he is experienced. IMHO I see that the trade will keep going down till it gets to the dailies TL. Thats what id like to see, but apart from price not being ...

Trend Trading Chart Thread

NZD/USD — Morning folks. Dan, wondering what your thoughts would be on Nzd/Usd? Just to see how you look at it. Price retraced back down to around 0.7250(ish). It also coincides with the Fibs 50 from the newest swing. But it isnt near the ...

Trend Trading Chart Thread

Weekend Question — Hi Dan, Wanted to ask you 3 questions with regards to your analysis and trade planning if ok. 1.- How do you prepare your weekly analysis in advance? Do you just have a quick scan on a sunday night and mark out where your ...

DanUK Simple EUR/USD Trading Journal 2009