Hi mate, Agreed; these two pairs definitely tend to follow each other around and as the trend has been down for a long time on both, the G/U trade will be very cautious and depend very much on how price reacts when it gets there. If it smashes ...

DanUK Simple EUR/USD Trading Journal 2009

Hi ealas, Based on the way the week ended - and assuming that next week price starts to retrace; then I will be looking at 1.3200 to get in short. Chart attached. Hope it helps! Regards, Dan

Jacko's Forex House of Pleasure and Pain

Hey thanks! I don't post here much (or at all actually!) but only because my trading is probably far too slow and boring for this fast paced thread but I do keep my eye on it, just so I feel a little in touch with other people who are interested in ...

EURUSD

I'll have one too if they're going for free!!!

EURUSD

End of Week Thoughts/Analysis — April has been a fairly slow month so far. Managed to capture a few pips here and there but over all not many trades taken. At the end of this week E/U looks to be continuing it's downtrend so I will be looking ...

DanUK Simple EUR/USD Trading Journal 2009

That's correct - it is a 100 pip trailing stop loss. I understand that the anti-hedge strategy is then applied if you get stopped out and price continues to move a further 50 - 100 pips beyond your stop loss. Dan

Jacko's Forex House of Pleasure and Pain

Ah I've got you! Thank you for answering. Regards, Dan

Jacko's Forex House of Pleasure and Pain

Hi Jacko, This post has me a little confused. I was under the impression that you used a top down approach - weekly, daily, 4 hourly and 1 hourly in order to make a decision. I know you have always said to choose the time frame you want to trade but ...

Jacko's Forex House of Pleasure and Pain

Hi Deepsouth, Personally I would wait for a deeper correction. The 1.3150 level is a fair S/R area to watch but as you mentioned, and according to this strategy, it would be safer to wait for a move back up to the 50% retracement (currently around ...

Jacko's Forex House of Pleasure and Pain

Hi, I think you misunderstood what I was saying. I am not new to this method, I have followed it for some time. I also agree that members of the private group should respect Jacko's wishes to keep the trades to themselves. However, this is a forum. ...

Jacko's Forex House of Pleasure and Pain

Personally I would like to see more discussion here about the trading method rather than the pros and cons of joining Jacko's private group and how many pips the turtles have or haven't made. This is after all a forum about forex trading. So if ...

Jacko's Forex House of Pleasure and Pain

Why is that?

Jacko's Forex House of Pleasure and Pain

7th April 2009 - Trades with charts! — As promised - a couple of charts! The EUR/USD (daily) chart shows a bullish engulfing bar closing below the 1.3400 level - an area I have identified as a good support and resistance level. We also have a ...

DanUK Simple EUR/USD Trading Journal 2009

Hi FX California, Thanks for your comments. This certainly isn't the journal of a pro trader or anything like that, which is why I haven't gone into great detail about how I trade! For me this is still a learning-journey and my style of trading is ...

DanUK Simple EUR/USD Trading Journal 2009

End of March Results Summary — This March I decided to tone down my trading a little, reducing the number of entries a little in order to pick the best places to enter. This seems to have resulted in a lot less losses (but then I could have ...

DanUK Simple EUR/USD Trading Journal 2009

Hi CW, Yes you're absolutely right - the big picture is what's important. It's easy to overlook that sometimes! And as you said - if my retirement fund was to increase by 22% this year that would be great! I know that if I had that money invested in ...

Silent Service Method

Hi CW, I've been lurking here at your excellent thread for a long time now soaking up all this great information so I thought it was time I joined in. In response to your quesiton; my biggest hurdle, at the moment is (one I imagine a lot of traders ...

Silent Service Method

Don't worry - you're not the only one! I was watching 1.3400 anticipating some kind of reaction but it didn't happen. I must admit I find it quite hard to commit to these levels blindly. Personally I feel better about entering with the help of some ...

Jacko's Forex House of Pleasure and Pain

A breakeven for me too!! Looks like we all followed James' advice about moving stops to b/e quickly!

james16 Chart Thread

USDCAD Daily — Hi guys, I'm glad you're discussing the U/C possibility as I've been staring at the screen for the last couple of hours considering what to do! It looks like a fairly good pin to me at a a good level of resistance - I'm thinking ...

james16 Chart Thread