Thanks Jpnek. As promised, I've posted an update to my previous chart. In fact, I've included 2 charts, a H4 chart and a daily chart. Both are as of 6:50 AM NY time or approx 10:50 GMT (if my conversion is correct). All the lines you see on both ...

Jacko's Forex House of Pleasure and Pain

Low thanks for the chart. Not exactly how I would draw a TL but this one you drawn by you could be useful. Note, It looks like that upper resistance line on the triangle is holding up. I posted a chart earlier in showing the symmetrical triangle. I ...

Jacko's Forex House of Pleasure and Pain

I'll consider that. I used to trade that way. I kind a wanted to get away from doing that though. We'll see... I saw you closed out most of your positions on fiber around the same spot I did. Still pretty good profits by both of us. Congratulate ...

Epilogue's Trading Journal

Low would you please post another copy of your chart except this time zoom out so that more bars are shown? Thanks.

Jacko's Forex House of Pleasure and Pain

See the attached H4 chart. I closed out at 1.4095. It's since gone as high as 1.4111, but struggling. I've actually posted in Epilogue's journal as I am trading similar to his modified version of this method.

Jacko's Forex House of Pleasure and Pain

I closed out my trade at 1.4098 for a 118 pip profit after factoring the spread. I was getting concerned about that resistance line on the symmetrical triangle, plus the ranging nature the last couple days and, finally, the lack of news coming up. I ...

Epilogue's Trading Journal

My sentiments exactly. I'm wondering if I should close out my trade or move up my SL to bag more pips. I have little confidence we'll see a decisive break of that triangle this week. By the way, my chart shows the top part of your triangle as ...

Jacko's Forex House of Pleasure and Pain

Lovejoy, the bottom part of the triangle in your 4H coincides with my 4H TL (same line). This morning's move at the start of NY session is another indicator to me that line is significant. I'm also starting to think the 4H TL you've drawn above that ...

Jacko's Forex House of Pleasure and Pain

I moved EURUSD SL to 1.4025 to lock in 50 pip profits. The 1.4025 number gives a 70-pip breathing room from our high of 1.4095. That area is offers some resistance so we might have a retrace or outright reversal. If it gets past 1.4095 it has a good ...

Epilogue's Trading Journal

The pair has been ranging the past couple days and I was just mainly looking at the support/resistance areas of the past couple days. I’ve drawn my support TL on the 4H starting at the low of 1.2964 on April 28th and the connecting the low of 1.3856 ...

Epilogue's Trading Journal

You know I think 1.3950 would have been a much better entry.

Epilogue's Trading Journal

Pending order filled but kind of like catching a falling knife. In a small profit of 4 pips. Setting up a pending reverse order.

Epilogue's Trading Journal

Damn it, I just missed that entry.

Epilogue's Trading Journal

Lovejoy, I love your charts and your analysis. Hopefully we'll get some news induced movement today around NY open.

Jacko's Forex House of Pleasure and Pain

Alright epilogue. I'm very much looking forward to this. A question regarding point #1: you mention entering on 50% fib line, what time frame would that fib line be drawn on? Good luck.

Epilogue's Trading Journal

Low, I revised my post above yours. See the edit as I meant that a further retracement is possible but a little less than 50%. It was poorly written to begin with. Sorry about that.

Jacko's Forex House of Pleasure and Pain

This is in response to one of Low's post where he/she was waiting for EURUSD to get to 1.36. While I don't think it is likely, it is NOT far from out of the realm of possibility. Looking at my weekly chart I can imagine a 50% fib retracement to that ...

Jacko's Forex House of Pleasure and Pain

I got stopped out of my long trade for a 100-pip profit. Had I moved my TSL to the pip like Jacko does I would've made more pips. However, I am fine with what I made since I was going for bigger gains. No regrets and I'll move it in a similar manner ...

Jacko's Forex House of Pleasure and Pain

For what it's worth, Ellipsis, my trend line is drawn like yours. Although price has pierced it on the 4H, it has bounced back over 200 pips above it and it hasn't closed below that same line on the daily. I'm interpreting this market as a LONG. I ...

Jacko's Forex House of Pleasure and Pain

Thanks Jpnek. You are so right about timing. Had I not have to leave for the weekend I’m sure I would’ve entered earlier and get stopped out like most others. My entry is basically the same as others but I just didn’t get whipsawed due to my late ...

Jacko's Forex House of Pleasure and Pain