fib level & momentum explains 1.6220 — That is a good signal call. It is a 50% fib level on retracement against the recent downward move caused by the bad news. You can explain it by looking at the 1 hr char. The drop from the last high is ...

Cable Update (GBPUSD)

Have you guys who are trading the GBP crosses with different brokers been hit hard by massive slippage too if you had longed GBP during that wicked spike down caused by the bad news? And if so, how much was your slippage? I like to do a little ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I think your suggestion is for an entry/pending order, isn't it? But my situation was I had a long order already in progress with a stop loss set at break even. I am interested in your suggested alternative if it is doable. So what does this mean if ...

Cable Update (GBPUSD)

complain to NFA — It is a possible avenue for me if the comparison survey shows that FXCM alone is charging this huge slippage during the massive down spike of GBP crosses by the Thursday bad news. By the way, I feel the rapid move down in GBP ...

Cable Update (GBPUSD)

Have you gotten any good news from your broker with your complaint? I have started the complaint process, but FXCM so far has not done anything to help ease my loss. There is communication but no action to reduce the 135 pips slippage? Have you guys ...

Cable Update (GBPUSD)

Slippage comparison — To know whether FXCM was unfair to me and its traders of GBP crosses, the only way then is to go to those massive threads of GBP crosses on this and other popular forums and ask if they have been hit with massive slippage ...

Any brokers guaranteeing stop loss protection?

Slippage both ways — Thanks guys for your input. You all have merits in your points. I will check out the recommended brokers to see what they can offer. Perhaps as you state, none can do enough guarantee in the current market volatility. But ...

Any brokers guaranteeing stop loss protection?

I hope they can fix things up and not be greedy — FXCM is probably the biggest name as FX broker. I have been with them over 5 years and I have never seen such a slippage, nor have I seen them not willing to correct or redress it. This is ...

Any brokers guaranteeing stop loss protection?

Get burned by a wicked down spike — The down spike in GBPUSD this morning must be a wicked one. I longed it last night (London session) and set the stop loss to break even when the trade was 40 pips in profit. Went to sleep afterwards. Woke up ...

Cable Update (GBPUSD)

A wicked down spike? — The down spike in GBPUSD this morning must be a wicked one. I longed it last night and set the stop loss to break even when the trade was 40 pips in profit. Went to sleep afterwards. Woke up this morning to a shock. My ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

It is probably the down spike this morning. But 135 pips slippage is unheard of. Nobody got assasinated, LOL. I feel this lack of stop loss protection is totally against the meaning and practice of a stop loss. They may as well take out such feature ...

Any brokers guaranteeing stop loss protection?

Does the micro account give stop loss protection — My mini account broker (FXCM) just dealt me a 135 pips loss per lot past my stop loss which was set to break even last night. They refuse to retract the charge of the loss saying that they ...

Novice Question

yes, it was brutal — I traded GBPUSD, long at approximately 1.6310. Set the stop to break even when 40 pips in profit as most traders would do, and went to sleep. This morning, FXCM charged me the loss at 135 pips per lot (5 lots) below my ...

Any brokers guaranteeing stop loss protection?

Does Jacko reply your emails? — Just curious if the members of Jacko's trading group receive personal reply when they send inquiry emails to Jacko or Jacko just put the reply to his blog?

Jacko's Forex House of Pleasure and Pain

stock market crash — I wonder how low eurusd will go. With the stock market crash everywhere including Europe & Asia, there is a rush of US & Japan investors selling off their offshore investments to repatriate the profit back to their own ...

Jacko's Forex House of Pleasure and Pain

consolidation — No posts since the melt-down. Hmmm, wonder if every one is taking a break from the market. Just to keep the thread alive, I will put in my 2 cents on the situation of the pair.The eurusd is consolidating as expected. Let's ...

Jacko's Forex House of Pleasure and Pain

market sentiment — A drop of nearly 270 pips overnight, caused mostly by the comments of ECB official and a finance minister in Euro zone, may suggest that the near-termed sentiment of the market is not that bullish, particularly by the double ...

Jacko's Forex House of Pleasure and Pain

Joining the next group — Hi Jacko, I am also interested to explore the possibility of joing the next trading group and learn from the master. What are the requirements to join? By the way the email address provided has problem,, as my email to ...

Jacko's Forex House of Pleasure and Pain