Just food for thought - why risk ~145 pips for 5-10 more? The answer starts with a capital 'G'.

Jacko's Forex House of Pleasure and Pain

Only 10pips for me - stop was hit.

USD/JPY Discussion

My short is still in play, and we do still have a downward trendline forming on the H1. I have 10 pips locked in for profit. However, the part highlighted in blue better start acting as resistance soon, or it could blasting back up. The news at 8:30 ...

USD/JPY Discussion

Markets don't move in straight lines - at least not for very long. It's healthy for it to retrace back up after 4 hours of falling. As long as it doesn't close above 94.20, it should be fine.

USD/JPY Discussion

Yep - that does look encouraging for shorts. I see it made it to 93.95. Maybe it'll keep pushing lower & lower

USD/JPY Discussion

*hahah* Me too Seriously hope it gives you relief soon - I've been in your shoes and it's a horrible place to be in. See ya - hopefully you'll check in and have very good news waiting on you.

USD/JPY Discussion

Ah - that's good to know. So you'll probably come out ok then. I just moved my stop to B/E so risk-free trade now from 94.42. I see it's almost a triple top on the H4 (deviation of 3 pips), so if price comes back up to take out my stop - odds are ...

USD/JPY Discussion

I'm sure you know it now, but if you got a little over-leveraged and the account is hurting - look for good exits that protect the account, don't worry about profits this go around. If you protect the account, you can always re-enter.

USD/JPY Discussion

If it can break the support around 93.40, we should see 92

USD/JPY Discussion

It'll just make your short positions be that much sweeter when it goes your way. It's at a good resistance level now and with tomorrow being Friday, there should be some profit taking going on, and then the bandwagon will jump on and push it ...

USD/JPY Discussion

I just went short at 94.42 It's at the top of the upper trendline on the H4 charts, and it yet to pull back for a decent retracement.

USD/JPY Discussion

No worries - yes, it was an exact science I'm sure some very smart people would program their way to riches by now. That's why I prefer to scale in, less pressure of picking the 'best' entry. Sometimes you get it first pick, sometimes on your ...

Jacko's Forex House of Pleasure and Pain

Hey! I like to draw fibs on the H4/H1 after a big move. Since the jacko method requires entries on pullbacks to the 50% fib for best entry, I find moves that haven't retraced much or at all, as they present the best opportunities. They aren't too ...

Jacko's Forex House of Pleasure and Pain

closed all my shorts since price is back around the consolidation zone around the 1.2680-1.2690 area waiting for a retest of resistance to re-enter

Jacko's Forex House of Pleasure and Pain

hahahah - yeah man, see ya! Hopefully we can get to 1.2800 and fill your order, but it's going to be tough since we've already pushed about 240 pips in about 12hours. Time will tell though.

Jacko's Forex House of Pleasure and Pain

Yes, they really want to push this baby up.

Jacko's Forex House of Pleasure and Pain

Yeah, typically I don't like to jump out of a position so quick - but if that's how the market wants to behave today, I'll take it. I just shows the strength of the rally isn't over. Also - I know it goes without saying - but I trade just a little ...

Jacko's Forex House of Pleasure and Pain

Excellent - hit 1.2750! That is the upper trendline on the H1 and the H4, not to mention the 50% fib and resistance zone. Needless to say - I'm short. We'll see how it goes.

Jacko's Forex House of Pleasure and Pain

Thanks! Very nice compliment coming from a pro such as yourself. Yes, looks like they. When I saw the exhaustion spike down - I closed for +23 pips. Was obviously looking for more, but market wasn't ready to give up it's rally. Oh well, ready to ...

Jacko's Forex House of Pleasure and Pain

Woo hoo - spike up back to the area of resistance. Only made it to 1.2720 so far. Wonder if it has enough steam to get all the way to 1.2750? I opened one position at 1.2720 (scaling in tactic) The E/U has had a nasty habit of stopping short on ...

Jacko's Forex House of Pleasure and Pain