Hi Halfstep People are wary of the unknown. Most people know (or think they know) all about stocks. They don't know (initially) what forex is. Once a person has seen the benefits of Forex over trading stocks, they quicky become more interested in ...

Jacko's Forex House of Pleasure and Pain

Hi Larseg I am often curious as to why traders are so keen to use Risk:Reward ratios. The Risk is always a known number. (it is the size of the Stop Loss) but the Reward is always a relatively unknown number (it is where the market is "expected" to ...

Risk Reward Ratio is not used for making money

Hi coscorp Rome is nice.... was there about three years ago if I remember correctly....maybe four. Great history. really puts our time here on earth in perspective. It is currently 10.10pm and I am at HK aiport, meeting a friend arriving in from ...

Where Are You Now??

Enough photos of my hometown.... Where does everyone else live??... Tell us where you are as you are reading this.....

Where Are You Now??

Hi CSCheat, A great photo...She is a stunning city... I am 55 years old. ...but my wife will never admit that!!!!!!...LOL

Where Are You Now??

Some new office towers are missing...But that is my adopted City !!! Talking of strippers, I was down in WanChai (the red light district) the other day and could not believe how friendly all the girls are in that part of the city...They all wanted ...

Where Are You Now??

Hi iiivb You have to be kidding me??!!!!..LOL...... I am a techno-moron....... I don't know how to do that.... You young guys have no idea how much the mobile phone and internet has made business life sooo much easier. To give you youngsters an ...

Where Are You Now??

Oh, I did not start this thread to look for members, but just click on the link below. I was just enjoying the beautiful Hong Kong Harbour and thinking how blessed I am to be able to trade forex from anywhere in the world with just my laptops and an ...

Where Are You Now??

Hi Dennis No need to rush... I will still be here (or vacationing somewhere else) and trading happily. I love forex trading... I run my trading business totally from my laptops

Where Are You Now??

Nearly midnight in Mexico on a Friday night...and you are on Facebook ??? You gotta get out more...LOL One tequila, two tequila, three tequila, FLOOR .

Where Are You Now??

Hi lovejoy80 1. Sale of T-Bills = more US debt = weaker US currency= Euro goes up 2. DailyFX charts / Netdania are the best...I agree, Why does anyone ever pay for charting packages??? They must have more money than me, because there is no way I ...

Jacko's Forex House of Pleasure and Pain

Hi lovejoy80, I think you will find that the spike yesterday afternoon NY time was caused by a very successful (well bought) $28 Billion auction of 7 year T-Bills. (Look out, China is back in buying up USD assets again). And I love your ...

Jacko's Forex House of Pleasure and Pain

Hi auxesis Welcome to the thread. What you seem to be saying is that there are traders who are determining the direction of the market using the larger picture, but using the smaller time frames to to micro manage their entries and exits. I don't ...

Jacko's Forex House of Pleasure and Pain

hi nAVIN, I am old and been involved in large businesses all my life...And I think that trading forex is the best business on the Planet. I listed some of the reasons on the first page of this thread url But, like in any business, you have to tilt ...

Jacko's Forex House of Pleasure and Pain

just as a follow on to the above post..... Have a look around this forum and look at who the long term posters are. They are longer term traders like James16 who has been here 5 years, I have been here for about 3 years, Strat (who was a member of ...

Jacko's Forex House of Pleasure and Pain

Hi fxpilot, Anything under the 4H chart is "noise"... the smaller the time frame, the "noisier" it gets. What that means is that the rules of technical analysis plays less part in the trading. It is basically random...or put another way, you are ...

Jacko's Forex House of Pleasure and Pain

Hi fxpilot, If you look at the 4H charts and put your Support line on and your Resistance line on, you will see that you are in no-mans land. You are a long way from the Resisistance line and a long way from the Support line. This price of 1.4265 is ...

Jacko's Forex House of Pleasure and Pain

Hi Dave Thanks for your kind words I appreciate thatyou have ad the "Ah Ha" moment and will now turn your trading around .

Jacko's Forex House of Pleasure and Pain

Actually I was being a little bit selfish there... Each of the members of the group are also having lots of the same "pleasant moments" .

Jacko's Forex House of Pleasure and Pain