Lol! I know what you mean... I don't post here too much because of a few big egos floating around but I would urge you not to move on. This thread is too valuable to be put off by a few arguments!

Jacko's Forex House of Pleasure and Pain

Without looking into in great detail I would say that my "average" profit would be 200/300 pips in a trade.

Stop loss in trend trading

1st July 2009 — Trade Update My E/U trade (long from the 25th @ 1.3950) closed yesterday afternoon at 1.4050 for +100 pips. Open Positions E/U Long @ 1.4050 G/U Long @ 1.6450

DanUK Simple EUR/USD Trading Journal 2009

Hi guys! Sorry it's been a while since I've posted here; I've just been so busy lately that I haven't spent much time on the lower timeframes! I do often drop by to see how everyone is doing though! Glad to see all is well, keep up the good work ...

Psych Levels, Pivots, and Trendlines - Resurrected

Ha ha! This thread and it's continuing success is proof that they work just fine!!

Psych Levels, Pivots, and Trendlines - Resurrected

Hi, Jacko is using a 100 pip trailing stop at the moment. I follow his method and I use the same size stop loss - so I can confirm from my own experience that it does work. Being picky on your trade is of course very important. I would say that ...

Stop loss in trend trading

I'm sorry but could you tell me where I said your comment was rubbish? You asked a question and I politely replied. Also, the importance of this area is not because of the moving average, which is an indicator made up of past data, it is because ...

Will GBPUSD be in down trend?

Hi schlaps, I used to trade the 5 min chart using hourly charts to guide me with the trend but to be honest it is very time consuming and a stressful way to trade. I still trade with the trend but not on anything below a 1 hour chart! I would say ...

Taking quick pips on long term trends

Hi White Goodman, It is my understanding that the AH strategy is applied almost by default - unless price shows that the trend might be changing. Take this as a purely hypothetical situation... the trend is up and we are looking to enter at 1.4000 ...

Jacko's Forex House of Pleasure and Pain

30th June 2009 — Trade Update My G/U trade (long from the 25th @ 1.6300) closed today at 1.6600 for +300 pips. My E/U trade (long from the 25th @ 1.3950) is still running; I have moved my stop up to +100 pips (1.4050).

DanUK Simple EUR/USD Trading Journal 2009

Hi Paul, That's ok - your English is fine! I don't necessarily wait for the close of a candle before placing or modifying my entry. I actually tend to look for rejection of a level of support or resistance on the 1 hour chart before placing my entry ...

DanUK Simple EUR/USD Trading Journal 2009

Hi GJP, There's absolutely nothing wrong with that strategy - in fact it may work better. However, the reason I use the 100 pip approach instead of using support/resistance areas is because I also use the anti-hedge strategy. The idea being that it ...

DanUK Simple EUR/USD Trading Journal 2009

Hi GJP, The 100 pip stop loss is derived from a number of things. When I first started to learn how to trade, Jacko was using a 50 pip stop on the Euro, however volatility has since increase so he upped the size of the stop loss to 100 pips. The ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I have often had similar thoughts! To answer the first scenario... the only reason that I can think someone would choose to trade for a firm rather than themselves is because they don't have a big enough deposit to make trading a career. But I ...

Does that make sense to you.

Hi Pipiness, If only it was that easy to see a change of trend! I think you would be better off using trendlines to measure trends and possible trend changes. Regards, Dan

Will GBPUSD be in down trend?

Hi Ariane, You confused me a bit here... you said "My uncle strategy when hes trading are when he see the three candles are going up then he start to buy, three candles down he sell" but then you said "if it is going down he buy and if its is going ...

I Need Advice (I am a Newbie)

Wow! That's a hard question to answer... where to begin?? Well the first thing I would recommend is dropping those indicators... but that's a whole 'nother story! Seriously though... what were your reasons for going long at that price? Perhaps if ...

I Need Advice (I am a Newbie)

Hi Jcalow, I was lucky enough to get in long at 1.3950 and the trade is going well so far. We're pushing up towards 1.4100 again - it will be interesting to see if we can break past it this time? I take it you are still looking for long positions ...

Jacko's Forex House of Pleasure and Pain

26 June 2009 — I woke up this morning to see that my trades were finally moving in my favour! Current positions as shown on the attached charts (GU Long @ 1.6300, EU long @ 1.3950).

DanUK Simple EUR/USD Trading Journal 2009

Ok, I was just reading this and realized I made two errors ... the actual trades that I took on G/U last week were... 16th June - Long @ 1.6300 (closed on the 16th @ 1.6400) 17th June - Long @ 1.6250 (closed on the 18th @ 1.6350) 18th June ...

DanUK Simple EUR/USD Trading Journal 2009