Damn, it didn't take long to break 1.4125 after I made my last post. The 1.3750 train has passed.

Jacko's Forex House of Pleasure and Pain

Yeah, so close. I’ll still take that as a win for my analysis from Sunday, especially since I also thought an upward move might start just north of 1.3900. Personally, I would put more stock in 1.4000 over 1.4050 as being a major level. I guess one ...

Jacko's Forex House of Pleasure and Pain

LOL, that's for sure. EDIT: You might be redrawing your upper channel line as well.

Jacko's Forex House of Pleasure and Pain

^^ Pretty much what he/she said.

Jacko's Forex House of Pleasure and Pain

In the past 24 hours we've had a range of about 400 pips yet we're back at the exact same point we were exactly 24 hours ago.

Jacko's Forex House of Pleasure and Pain

Hey Dan. Yup, that makes sense. At present it seems we may not need to worry about that decision for a while. It's still headed South at the moment.

Jacko's Forex House of Pleasure and Pain

Yup, still on the sidelines. Watching it reject 1.4000 as I type. Go baby, go, take the subway down! Yeah, I'm still looking at it the same you are. I too was tempted and I even considered running North with a 25-pip SL. But like I wrote above, I ...

Jacko's Forex House of Pleasure and Pain

I'm new to this method but from what I can tell it is based off the volatility of the pair. ATR is one method used to determine volatility. From what I gather Jacko increased the stop size to account for the increased volatility created by the ...

Jacko's Forex House of Pleasure and Pain

Thanks for sharing. As one of my contingency plans dictated, I was tempted to go long at 1.3950. I didn't because I thought the move was primarily pushed by the news. I thought I should play it safe. I'm still holding out that it'll come back to at ...

Jacko's Forex House of Pleasure and Pain

This is not a function of MT4, it's more of a function of the broker/account you are using. YES, please demo first.

Jacko's Forex House of Pleasure and Pain

Good catch eswgfx, I didn't realize he was using a 5-digit quote. And yes, baby pips is the place to go. I would recommend doing some demo trades as well. That way he can get the nuances of his broker/platform without the risk of losing money.

Jacko's Forex House of Pleasure and Pain

The new stop loss being used with this method is 100 pips. Reread the first post again for entry and re-entry rules.

Jacko's Forex House of Pleasure and Pain

So did anybody jump in today?

Jacko's Forex House of Pleasure and Pain

I'm pleased to see phase 1 of my plan work so far. We've breached the 1.3900 level. Haha, I'm not being laughed at, at least not yet. Next stop for this bus is 1.3735/1.13750. C'mon, let's get there. EDIT: While I'm out on this limb, I'll be brave ...

Jacko's Forex House of Pleasure and Pain

Thanks again for elaborating. Well explained.

Jacko's Forex House of Pleasure and Pain

Yeah, I am waiting too. I have time. luSan, aren't you still in your Long trades?

Jacko's Forex House of Pleasure and Pain

Pardon me for cluttering this thread with another useless post. I'm just preparing for another week of trading and excited. I have nobody else to share my thoughts with other than my wife and you strangers in Internet land. I'm really starting to ...

Jacko's Forex House of Pleasure and Pain

lol, that was exactly the plan I crafted earlier today. I set the upper blue line in my chart early this am and was wondering if EUR would hit 1.4000. The damn thing hit the upper line right at 1.4000, shot past it, dropped below, retested and ...

Jacko's Forex House of Pleasure and Pain

This strategy would've come in handy this week for those of us who went short only to then see EURUSD go on a Bull rampage. So frustrating. My only question is, let's say you put an order to go short at 1.3500 for your original trade with a 100 pip ...

Jacko's Forex House of Pleasure and Pain

Muchos $$ for you Dan (sorry, can't find the symbol for the pound sterling on my keyboard). Nice work. I missed out on the EUR bull run, so I gotta live vicariously through you.

DanUK Simple EUR/USD Trading Journal 2009