Hi Lib, looking at it right now, about another 5 pips?! I'm hoping we'll see a stronger bounce down at 52 (though I am in the trade now), which will take it to around 730.

No Brainer Trades

Incoming! — Coming up to 650-672 on EURUSD which looks like a good reaction point over the past few weeks. Now it's not steaming through the levels like it did last night, may see a good bounce off this. Also, 652 is 50% of the mental leg up ...

No Brainer Trades

ADY, I've got my eye on the same area on GBPUSD too (looking at 1.5259-1.5274) for a bounce, but watch out for King talking in 40 mins time in case he starts talking about slashing interest rates again. Failing that, there's 1.5170 from back in 2002 ...

No Brainer Trades

Based on a sample of one broker, a senior trader there told me it was around 80% of their client base consistently lost money. Of that remaining 20%, many of them simply break even. And out of their client base (in the tens of thousands, so not that ...

95% failure rate?

Good skills all round - I didn't spot that while scaling back the charts 5 miles to see previous bounces of S&R. Thanks for the explanation... and I agree, no signs of the southbound EURUSD trend finishing just yet. But hopefully the projectile ...

No Brainer Trades

Lemminboiv, spot on with a short at 4280 ... but why? Was this based on intraday support? PS Cindy... boy have I been there!

No Brainer Trades

Good charts are like buses, none for a long time then several good ones come along at once - great explanations IronMan. lemmingboiv2: Too true - I managed to break even with the following trade when EURUSD 1.4311 turned into resistance, but I could ...

No Brainer Trades

EURUSD coming up — EURUSD approaching 1.4311 - this is the bottom of a huge range from Dec of last year. It's only hit twice with conviction on the daily, once as resistance (1.4295) and as support (1.4311), but it's significance might mean a ...

No Brainer Trades

Iron Man, have a drink on me - thanks for your help

No Brainer Trades

Managing the exits — My trading's come on leaps and bounds since studying this method, but I got a question with the exits. Take the attached as an example. I went short at 1.6220 EURCHF - and there was a spot on pip reversal down to 1.6183. I ...

No Brainer Trades

..that's my point. Just trying to keep this thread on track that's all...

Jacko's Forex House of Pleasure and Pain

Doberman, he's in/at the Olympics. Babefx - I agree with you, but I guess the thing is that Jacko's thinking is that the trend hasn't changed, so although some of us are taking 'non-Jacko' counter-trend trades at the moment, what no-one's advocating ...

Jacko's Forex House of Pleasure and Pain

Many thanks TKGB

Interactive brokers EURUSD help

Hi Edge, I can't speak for the others, but I've woken up to hangover and a 100 pip loss after an entry at 370 (this wasn't Jacko's call BTW). Ouch. That said, a few losing trades doesn't invalidate Jacko's method of trading. The past few weeks have ...

Jacko's Forex House of Pleasure and Pain

Shrike, thanks - that's a massive help. I'll get on to it.

Esignal vs retail broker prices - help!

Putto, retail traders do counter significant exposure to the market by placing real orders in the market. Obviously they do this on a collective basis - not on individual trades - but certainly the better regulated ones are forced to limit their ...

What if everybody trades ?

BRV/Zentrader, I've been looking at this pair too - USDCHF, and I'd have thought there's a stronger band of S&R at : 1.0216-1.0227 followed by as you point out ZT 1.0251-1.0260 and finally: 1.0348-1.0361 I've never thought about trades in these ...

No Brainer Trades

Yakumojpn, I asked a broker the same question. Who was consistently successful at his brokerage? The answers are interesting. 80% (not 95%) are in the losing pile. Most have more winners than losers, but small winning trades and massive losers (old ...

Honest answers please! Are you successful trading on Forex or not?