Hi Lenny, 1. Trailing stops...I can only recommend them fully. I use 50 pips from the lowest low (or highest high) for Euro and 75 pips for GBP. (I am now starting to get interested in GBP). As the trend gets closer to "significant" numbers, I ...

Is The Trend Really Your Friend?

Good work!!! I will email you and you can show me your trades. .

Is The Trend Really Your Friend?

Itme, Why not just forget the danger and madness ...and just trade with the trend?? It is sooo much easier and soooo much more profitable. . .

Low Risk, High Reward Trading Experiment

I start with weekly, then move closer in using daily, 4 hour and 1 hour to help me make a decision. But I am also starting to notice that it doesn't really matter anymore where I buy or sell. The anti-hedging strategy is FAR, FAR, FAR more ...

Is The Trend Really Your Friend?

see below...answers in red Hope that helps.

Is The Trend Really Your Friend?

Hi Lenny, I have just read all your posts. You sound an intelligent trader. I agree with what you have said above. 1. the tendency of market makers, borkers, "Smart Money" are different than just following trend. They actually determine the trend by ...

Is The Trend Really Your Friend?

If the trend is not your friend...then tell me what is. If forex is not your friend....then tell me a better business. If brokers are not your friends... then deal with an automated broker. forex is a wild and crazy place...not really, its a place ...

Is The Trend Really Your Friend?

Hi luqmanz, A good idea. And trailing stops are the way to go. The only other thing I would add would be to consider the anti-hedging strategy outlined in a thread above..for those times when you make a mistake in your entry direction.

Is The Trend Really Your Friend?

Question: so what are u doin' for a living? Best answer: I am retired.

What are we called?

Hello. I have had a number of PMs about this "anti-hedging" strategy. Rather than answer them all I have posted below a response to one of the PMs that covers most of the other PM queries. His questions are in black...my responses are in red

Daily Cable Analysis

Hi cesarnc, Apologies to all that may have been offended.... There is no malice in anything that I have said... And I never shout... Just trying to help...

Daily Cable Analysis

By the way, Elliott Wave Theory has never been a "sufficiently reliable" model to generate consistent profits from predicted entry point or exit points. Also, Fibonacci numbers has never been a "sufficiently reliable" model to generate consistent ...

Daily Cable Analysis

Hmmm...I don't know where to start to answer this. 1. "the move of yesterday was completely OK with the indicators, but the action was counter intuitive." So are you trading with your indicators OR your intuition ?? Which one is your method? ...

Daily Cable Analysis

Hi cesarnc Am a little busy atm ....will get back to you in about one hour.

Daily Cable Analysis

Hi cesarnc I say this with a great deal of respect to you as a trader..... I suggest you ignore the indicators...they will just cloud your decision and make you less decisive. What are you going to do? Take the trade or contemplate your ...

Daily Cable Analysis

Well...my first trade on the GBP this year looked a loser.... HOWEVER......... This trade is a good example of how the Jacko "anti-hedging" strategy works to save your ass and make a good profit from a bad initial decision. 1. You sell the GBP at ...

Daily Cable Analysis

Just received an email asking how I arrived at the target of 1.9500. Firstly, Price does not like support or resistance levels. It mostly tests them and then moves away quickly. You’ll rarely find much price action in the vicinity of the line. If ...

Daily Cable Analysis

Hi cesarnc Looks an interesting speculative short opportunity. It looks like it might be rolling over. Although I don't usually trade GBP, I can see potential for 1.9500. Worth a trade with a 50 pip stop. Currently 1.9750. Suggest you ignore the ...

Daily Cable Analysis

I agree 100%.

trading system questions

Hi philmcgrew I agree with you completely. Elliott Wave Theory has never been a "sufficiently reliable" model to generate consistent profits from predicted entry point or exit points. <?xml:namespace prefix = o ns = ...

Should I attempt Elliot Wave?