Pipped, I'm with you on this one. As you can see on my chart, I've been longing this market for the past month based on this H4 channel with relatively good results. According to "my timeframe" PA could go all the way down to .3880, (close to the ...

Jacko's Forex House of Pleasure and Pain

As I said before. That is just me and everyone has to follow their own trading methods. These second-guessings is what I always try to avoid. And just going over the weekend holding a losing position hoping that I will not get stopped out over early ...

Jacko's Forex House of Pleasure and Pain

In my case, if during news time PA gets to my planned entry, I rather wait for the PA to settle down as I do not like to "catch falling knives" (Thanks Jacko!!). Also, as I mentioned on a previous post, if I can be in front of the computer when I'm ...

Jacko's Forex House of Pleasure and Pain

Hi there, CyberCore, Wow... I was editing my signature and one of my posts disappeared. Just in case you did not read my previous post, I was saying that for the lot size I usually trade a 200 pip S/L in a counter trade is wayyy to risky for me, ...

Jacko's Forex House of Pleasure and Pain

Hey Ricky, It's been a couple of hours from the news and although we have bounced back from .3975 I still see a lot of momentum around the big round number... I'm watching this closely as it looks like they could take this to the next fib level ...

Jacko's Forex House of Pleasure and Pain

Hey Ricky, The NFP numbers took the EUR as low as 4015 and looks like it's heading lower... We could see .4000 anytime now but rules are rules, and one of mine is: I try not to open trades after 12:00GMT Fridays and NEVER leave open positions over ...

Jacko's Forex House of Pleasure and Pain

Hi there, Low Looks like all the bad things have happened to me on my way to learn to trade Jacko's style I'll never forget this one 'cause it was actually my very first trade. I was at Seoul airport coming back to Tokyo when I got an alert SMS ...

Jacko's Forex House of Pleasure and Pain

It is indeed. Although I had a 100 S/L, the first spike alone was about 250 pips if I'm not mistaken. My S/L was eaten in no time. Widen my S/L wouldn't have been of any help...

Jacko's Forex House of Pleasure and Pain

Hey RickyRudy, It's been a long week for me... I've been holding to go long around .4000 (check my blue buy zones). I was so tempted to pull the trigger last night on that pullback to .4070 but I was expecting PA to calm down a bit and grab the ...

Jacko's Forex House of Pleasure and Pain

Hey Markmm, Although I do not trade based on chart patterns, that H&S is looking rather healthy -to the pip-. Just take a look at the neckline. Of course the pattern may be invalidated any time now... but still I'm sure lot of people shorted the ...

Jacko's Forex House of Pleasure and Pain

tell me about news trading... when the FOMC shit hit the fan last March I got caught with a 200 pip slippage... ouch!

Jacko's Forex House of Pleasure and Pain

if I'm not mistaken, the purpose of that (haven't tried it myself)."]TSL indicator is to start trailing you S/L as soon as you open a trade...

Jacko's Forex House of Pleasure and Pain

MT4 has a built-in TSL indicator (don't forget that this is a client side indicator which means that your PC must be on for it to work), also you could try this one url (haven't tried it myself).

Jacko's Forex House of Pleasure and Pain

Hey Steve, I usually plan my trades on the H4/H1 charts. Once I get close to my entries I zoom all the way to M5 in order to watch the PA so I do not catch "falling knives" (this one learnt from Jacko). On this last particular trade however, once I ...

Jacko's Forex House of Pleasure and Pain

Shorted the same trade early in the Asian session as price went all the way up to 3260's (again) and have just manually exited when PA failed (again!!) to break the 3150 level. +100 pips and counting...

Jacko's Forex House of Pleasure and Pain

Hi Jcalow well considering that I have a wounded soldier that as of now I haven't been able to give CPR (-100 pips) and that I was stupidly caught in the infamous march 18 FOMC spikes (-250 pip slippage!!)... I definitely consider this a really good ...

Jacko's Forex House of Pleasure and Pain

Long time reader, First time posting — Just dropping by to say Hi This may sound like a cliché, but adding to fxtrader29's comment, this thread truly changed my life. I joined Jacko's group less than two months ago, and already over 500 pips ...

Jacko's Forex House of Pleasure and Pain