Wow! I did not know that! I guess you can see I've not got caught in the gap yet. I've only had open trades over the weekend a couple times, I usually avoid that. I guess you can also see I didn't read the whole post..

Jacko's Forex House of Pleasure and Pain

If a 50 pip stop is 2 to 4%, and the market gaps down 200, then wouldn't that be a loss of 8 to 16% (4 times)?

Jacko's Forex House of Pleasure and Pain

You don't have to use all the leverage allowed. Example, if they allow 100:1 leverage, and you have $1000 in the account, then you could trade one full contract if you chose, and use your $1000 to control $100,000. If it's 200:1, then you could ...

Question RE: Leverages

What an excellent article. I had an offer on my home in October. Just a nudge from the realtor, and I'd have taken it. But all along, I've been just slightly behind the market in lowering my price. Refusing that offer has cost me $30K. At this point ...

Approaching Trading With an Empty Mind

Well, I did it again today. Had two half-positions open on two pairs. At one point the combined profit was 100 pips. Could have banked 50 pips, it would have been a great trading day, and would have put me ahead for the week. But, I'm trying to ...

Transition from Losing to Winning

Anybody that ain't in long at 1.3500, you have your second chance now....

Jacko's Forex House of Pleasure and Pain

The talking heads are ALL OVER it today, so that's another sign it's probably about over.

Jacko's Forex House of Pleasure and Pain

Not totally arbitrary. Usually it's a bottom / top that's picked. You can put up fibs on each bottom/top that "look good" and assume a certain number of other traders are doing the same. Convergences are good. For example, one of the fibs' 38 falls ...

Jacko's Forex House of Pleasure and Pain

Not sure where you get the 300%. Of course, 80 isn't too bad. url

Jacko's Forex House of Pleasure and Pain

43 wins straight, 12 pips each = 516 DD on current trades = 524

HAS Indicator - Misc indicators & EA's

Dennis Miller was recently on a late night show, and produced an old Newsweek magazine from the mid-70's. The theme of the magazine was "the coming ICE AGE". One of the suggested remedies given by the junk scientists of the day was "deliberate ...

Global Warming - Cost and effects

When Greenland is green again, then I'll take a look. When something is repeated enough times, some people will start to think it's true -- that would be called brainwashing. Sure, corporate America is coming around and jumping on the ...

Global Warming - Cost and effects

This is an excellent observation. Nearly every post and every indicator I've seen picks different times.

How do YOU calculate Pivot Points?

I've got 22 wins in a row now. I'm on vacation now, looking in every day or two on the "ATM" chugging away day and night. I'm starting to reconcile the drawdowns and lack of stops. It is rare that the market moves 100's of pips in one direction. It ...

HAS Indicator - Misc indicators & EA's

I'll take a look. Might be a week or two before I get to it.

Can someone do me a favour? (MT4 coding)

But you know WHEN to do it. That's the difference that comes with experience. Anyone can do what the books say to. "Trade breakouts". Right. Trade them until you go broke.

Jacko's Forex House of Pleasure and Pain

Yup. Money management just prolongs the agony! But, it's better than blowing out the account quickly. And, a real trader should never have agony in the first place. It's just the price of education. No pain, no gain.

Transition from Losing to Winning

Well, I guess it worked. Should have put an expiration in it I suppose, it's probably for sale by now somewhere.

Can someone do me a favour? (MT4 coding)

Trade analysis — Here are the trades since Sunday afternoon, 7/29/07. I overwrote a couple meaninless columns for the max / current drawdown and pips profit. Profit would be higher except I started it on the default 0.1 lots; after the first 4 ...

HAS Indicator - Misc indicators & EA's

EA - how about you?

HAS Indicator - Misc indicators & EA's