What was your reasoning behind this trade?

Jacko's Forex House of Pleasure and Pain

USD/JPY Potential Setup — Not sure if anyone is watching U/J using this strategy but it is well known to respect the 50% retracement level and is good with trendlines and round numbers! Keep your eyes open for something here!

Trend Trading Chart Thread

Whilst we're on the matter... — I am currently in a long trade on GKN (another LSE trade). But not the first... the story goes like this... Trade 1 A test of the support trendline just below the 50% retracement level (almost hitting 61.8% to ...

Trend Trading Chart Thread

Portfolio Diversification — It looks as though those trends might be coming back so it's time to start posting a few more currency charts. But first... I did say that I wanted to talk about using this method on other markets too, so I would ...

Trend Trading Chart Thread

Hi, I think the reason is basically "why bother"! In many cases, especially highly correlating pairs you are really just increasing your exposure to the market. If you want to do that you could just increase your position size on your E/U trades. ...

Jacko's Forex House of Pleasure and Pain

Hi Dave, I suppose one thing to think is that price will come back down so you could get in on that action if you feel it is justified. My preference is on the long side so I won't be taking any shorts, but that is just my personal preference. ...

Jacko's Forex House of Pleasure and Pain

I see, thanks. I think the preference is for them not to be discussed here, so we should end the discussion of where's and why's, however... wouldn't you say that shorting the market would be against the main trend and therefore the anti-hedge ...

Jacko's Forex House of Pleasure and Pain

Hi Dave, Can I ask... did you get stopped out after shorting the upper trendline? Regards, Dan

Jacko's Forex House of Pleasure and Pain

what was your trade?

Jacko's Forex House of Pleasure and Pain

The opportunity will come along... you'll just have to sit on your hands for a little bit until we get a retracement! I was lucky to get a good position on E/U last week. I have also opened a long position on G/U today at 1.6400. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Hi, Kind of... I always assume that the existing trend remains until we have evidence of a new trend. In the attached chart I have drawn the lower trendline (showing an uptrend) which is the main reason for my most recent long position. However, we ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I am currently in a long trade from 1.4250 but if I wasn't then I might think about getting in on the break of the upper trendline. If price breaks it, then moves above and then comes back to retest it and fails then that is when I would get in. ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Fxacs, I am still long EU from 1.4250. I would be cautious with GU at the moment - the down trendline from 1.7000 has been broken to the upside so we may see the return of the uptrend. I do not yet have a position on GU but if the upward momentum ...

DanUK Simple EUR/USD Trading Journal 2009

Hi Pervaz, Thanks - profit is still profit so I can't complain!!

DanUK Simple EUR/USD Trading Journal 2009

End Of August 2009 Results — August was a crazy month. Not much trending occuring and when it did trend I wasn't paying enough attention to get in on the action. Came out with a profit though so it wasn't all bad. EUR/USD Total Pips Won: 200 ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, Personally I like to see price move at least another 50 pips from my stop before using the A-H strategy. I would also note however that the original stop loss should be 100 pips not 50 at the moment, due to volatility. Regards, Dan

Jacko's Forex House of Pleasure and Pain

Hi Fxacs, Congratulations on your trades! A good start to the month! A long time ago I was advised not to trade in August as it is always crazy! Based on this August I would say that was pretty good advice. Hopefully now we are into September we ...

DanUK Simple EUR/USD Trading Journal 2009

Glad to be of use!

Jacko's Forex House of Pleasure and Pain

Hi Dave, Thanks for the reply. I think you are right in so much as when the market is ranging up and down the 50% level would be a good target from selling the top and buying the bottom. However, when the market is trending I think the 50% level is ...

Jacko's Forex House of Pleasure and Pain

Since when!???? I'm sorry I am a bit confused here... Jacko said that he buys/sells in retracements of a trend. The fib tool is used to measure retracements and Jacko stated "... I also use the 50% Fib ratio" I can understand using the 50% level as ...

Jacko's Forex House of Pleasure and Pain