I took a short position at 96.80 and just closed it for +22 pips @ 96.58. I didn't like the doji on the H1 and the M30. The H1 also looks like it wants to form a bullish flag. If price can't close above 96.85, I'm going to start looking for shorts ...

USD/JPY Discussion

Looks like 96.50 may be acting as a decent resistance. In the past at good resistance, the U/J will dip down a little, come back to retest. If it fails, down we go. This thing is in a heavy uptrend, shorting must be down with caution and you need to ...

USD/JPY Discussion

Price has now made it to 96.00, just what we were looking for. Now what I'm looking for is either an exhaustion spike 'up' to resistance to sell on, or you'll start to see a rounded top start to form on the M30s. Once I see that, I'll enter my ...

USD/JPY Discussion

What is your entry, TP & stop?

USD/JPY Discussion

Well, I checked my charts and I'm still on the sidelines. At this level, I'm not comfortable with longs or shorts. The last pullback was only the 38.2% FIB from the move up on 02/12 (low 89.00) and the high of (94.45). The range from the 0.0-38.2 is ...

USD/JPY Discussion

hahaha - that is the plan!

Jacko's Forex House of Pleasure and Pain

Excellent! Was worried about you Friday with those shorts - but without pain/losses, there is no learning. So you got all your money back and a lesson - double plus.

Jacko's Forex House of Pleasure and Pain

Good deal - maybe you'll getting those lost pips back from the other 2-3 that got their SL hit on Friday.

Jacko's Forex House of Pleasure and Pain

Charts are too messy right now with all the spikes. It'll definitely be Monday US session before I attempt any position, maybe even Tuesday. I want to see how the big 3 react to everything since only the US was mainly active during a lot of this ...

USD/JPY Discussion

IMO - this is the absolutely best method and realistic way to trade for learning. You will be emotionally involved if it's real money - no matter the value. You'll also learn proper money management. Focus on the PERCENT gains - not the money value. ...

Jacko's Forex House of Pleasure and Pain

I just wanted to post publicly that I requested a refund for the remaining months of service, and I got my refund today. That was very ethical of them to do that, aside from our differences. I appreciated it and wanted to say it. Thanks!

steelhead trade journal

*smile* That makes 2 of us. See ya - have a great weekend!

Jacko's Forex House of Pleasure and Pain

I'm going to be paying a lot of attention to this weekly PIN bar suggesting longs. Next week will validate/invalidate it.

Jacko's Forex House of Pleasure and Pain

10% - not bad to end the week, some would kill for 10% a month. See ya!

USD/JPY Discussion

Exactly! You'd feel horrible if price would have shot back up, which is just have easily could have done. Consider it your out-of-jail free card. Nice way to end the week with all your money back, right? The great thing with forex is there are ...

USD/JPY Discussion

Fantastic trade!! Wish I was on the short bus with you... See ya next trade!

USD/JPY Discussion

hahah - no judgements here You have more cahones than I do! It looks to be in a good profit now

Jacko's Forex House of Pleasure and Pain

You are a brave soul to open positions at this time of day.

Jacko's Forex House of Pleasure and Pain

Glad to hear it's working for ya - but the market conditions that just happened is why I would rather take the profit presented to me. All TSLs just gave back 100pips that would have been in hand.

Jacko's Forex House of Pleasure and Pain

This is an interesting debate I've had with myself many, many, many times. Glad to see I'm not alone! In the past, I'd close positions that seemed too early and make me start wondering about holding positions longer. It makes logical sense as long ...

Jacko's Forex House of Pleasure and Pain