What's the worse thing that'll happen if you are wwwwwwrong on your trade? If you have a profitable method, there are countless opportunities - why be so hung up if you are in the minus for a little bit? It's good that you are protecting your demo ...

james16 Chart Thread

You are taking in profit though right? You push 'too' hard for a trade to make more & more and you risk a winner turning into a loser. The only other option is to lower your per pip value. Sounds like your risk is took high. Try trading one day with ...

james16 Chart Thread

Why is that a bad thing?

james16 Chart Thread

Could it be? Warren Forex..... is that you?

EURUSD

That could have been a double-edge sword! If you are like the rest of us getting into Forex in your 20s, immaturity, impatience & lack of business knowledge could have made this process as painful as the rest of us while learning. Since you had ...

Jacko's Forex House of Pleasure and Pain

Ahhhh - yeah, didn't think to mention that. Mine just automatically goes to the latest. :-) Glad to hear you got it figured out.

Jacko's Forex House of Pleasure and Pain

Looks pretty good to me! It appears he's made about 50% this month - why not throw in about $500 in a live account? Let him start learning the difference when real cash is on the line and all those fun emotions that occur until he gets dull to it. ...

(can) small accounts make a living ?!

He's made a post everyday to his waynejackson777 private blog - if that's what you are meaning?

Jacko's Forex House of Pleasure and Pain

I think it can be done. I started a few 'small' accounts back in Oct '08. This one was started with $300. I was able to catch a nice wave, turn it into around $1200. Took around $600 out. Then rode it up to around $1000 again, took another $500 out. ...

(can) small accounts make a living ?!

I use to feel like taking profits early was a bad thing. It'll pass when you see month after month of consistent gains. Don't worry about it - if you a TP and it is hit, take your profit. That is the basics of trading your plan. You have no idea if ...

EURUSD

Careful on that candle. If the close was in the 97.60 area, that would be confirmation for down - IMO. However, it closed above the close of the candle before it. The next candle will probably come down to test it - watch the next candle closely.

USD/JPY Discussion

Why?

Jacko's Forex House of Pleasure and Pain

Anyone get any shorts at 98.50 area? It came right up to it like we wanted, spiked up - went down, came to retest resistance and failed, classic sign of weakness and what we wanted. If this down move holds, we should be heading towards 96. From ...

USD/JPY Discussion

It sure is looking that way. It wasn't the best place to take a long, IMO. Caution of buying a top.

USD/JPY Discussion

Seems it's forming on the H4s as well. Now if they were only lower closes I'd feel better.

USD/JPY Discussion

I'm seeing a potential triple top on the H1s now.

USD/JPY Discussion

one of 2 things: no more buyers sellers too scared to enter - waiting on confirmation

USD/JPY Discussion

Hey! Yeah, it will pullback - the market is fluid, it's just a matter of 'when'. None of the longs get paid until they start selling their positions.

USD/JPY Discussion

careful with the peaks though, they are looking for a reason to rally - if a peak is broken, it usually jumps up pretty high. In this case I would expect a break of 96.95 would push it to 97.20-97.50 fairly easy. what we look for is weakness - ...

USD/JPY Discussion

I agree - just got to do carefully. The absolute perfect short for me would be at the 98.50 area. I just wonder if it has enough steam to get up there.

USD/JPY Discussion