dwildes - that's an interesting strategy, do you have a particular rule about when to start building your position, i.e. after the second 4H failure closes or after a certain movement? I can't see any reason why this thread should be closed - it ...

Jacko's Forex House of Pleasure and Pain

Hi Ricky, Please see this post: url for the general entry requirements - if you have any questions please feel free to ask. Regards, Dan

DanUK Simple EUR/USD Trading Journal 2009

Damn! Double hit today Out for -200!

DanUK Simple EUR/USD Trading Journal 2009

26 January 2009 — This week started lower than I had expected with E/U gapping down in the region of 70+ pips and G/U with a massive 200+ pip gap down! As a result I have not entered positions based on standard rules – instead I waited for the ...

DanUK Simple EUR/USD Trading Journal 2009

End of Third Week Results — Third week has been a good week in pips and experience. This week I had to make a couple of judgment calls that happened to work out in my favor. I might have just been lucky of course - but I'm hoping it was down ...

DanUK Simple EUR/USD Trading Journal 2009

23 January 2009 — Yesterday's E/U short came very close to getting stopped out at breakeven last night but has managed to survive and is now in profit Today's new position is a Sell on GBP/USD @ 1.3800. Update: Trade stopped out for +200. I ...

DanUK Simple EUR/USD Trading Journal 2009

Euro Entry 22 January 2009 — I've decided to take the short from 1.3050. Price has attempted the horizontal resistance at 1.3080 a few times and so far can't seem to push through. I think there is still a possibility of 1.3100 getting hit but ...

DanUK Simple EUR/USD Trading Journal 2009

22 January 2009 — Sell GBP/USD @ 1.3900 (Stopped out at 1.3800 for +100) Anticipating a Sell on EUR/USD at the 1.3100 area (Sold @ 1.3050, see post below).

DanUK Simple EUR/USD Trading Journal 2009

21 January 2009 — Thanks PC! Yesterday's EUR/USD Short was stopped out at 1.3000 today for +300 pips so no new e/u orders were placed today. Took an instant loss on GBP/USD today - Sold @ 1.3900, got stopped out within hours at 1.4000 for ...

DanUK Simple EUR/USD Trading Journal 2009

20 January 2009 — Well it seems taking the time to consider the overall trends and make up my mind entering my trades yesterday has paid off! GBP/USD was stopped out for +400 at 1.4300 EUR/USD is still in play with stop moved to 1.3000 (+300) ...

DanUK Simple EUR/USD Trading Journal 2009

19 January 2009 — It's the start of another week and I'm having a hard time deciding what to do today! Well actually, I had a hard time deciding what to do... today's positions are as follows: EUR/USD Sell @ 1.3300 (Stop loss moved to ...

DanUK Simple EUR/USD Trading Journal 2009

Hi, I like simplicity but I find a lot of people seem to overlook the simple methods as they don't believe trading can be that straightforward. Of course entries are only the beginning... Actually I move my trailing stop once price has tagged the ...

DanUK Simple EUR/USD Trading Journal 2009

Entry Method — Hi Howard, Over the past year I have been attempting to trade based on Jacko's method. It's a simple method but it is a little too discretionary for me (I'm not knocking it though - it's just not quite right for me). So I ...

DanUK Simple EUR/USD Trading Journal 2009

End of Second Week Results — I've finished trading for the week now. I'm not happy about the current E/U and G/U movement at the moment so I've decided to call it a day and start the weekend early. Second week went well - not as well as last ...

DanUK Simple EUR/USD Trading Journal 2009

16 January 2009 — Well I am continuing to hesitate with my next entry. E/U made it up past 1.3200 but couldn't reach 1.3300 (not yet anyway!) and broke the little upward trendline that I had charted; so I am in short at 1.3200 on the way back ...

DanUK Simple EUR/USD Trading Journal 2009

15 January 2009 — Yesterday's EUR/USD Short was stopped out today at 1.3150 for +100 pips - not bad but I was really hoping for a bit more of a move out of it today! If my bias remains short then 1.3300 seems like the most likely place to ...

DanUK Simple EUR/USD Trading Journal 2009

14 January 2009 Re-entry — I've decided to re-enter the market! I am making a note here of my thinking at the time so that I can reflect on it later (which could result in me saying "what the hell was I thinking!") once the trades have played ...

DanUK Simple EUR/USD Trading Journal 2009

14 January 2009 — Both positions opened on 13 January now closed: EUR/USD closed @ 1.3300 (Breakeven) GBP/USD closed @ 1.4600 (+200)

DanUK Simple EUR/USD Trading Journal 2009

13 January 2009 — Sell EUR/USD @ 1.3300 (Stop loss moved to breakeven) Sell GBP/USD @ 1.4800 (Stop loss now moved to 1.4600)

DanUK Simple EUR/USD Trading Journal 2009

End of First Week Results — First week went pretty well... EUR/USD + 200 GBP/USD + 600 Total + 800

DanUK Simple EUR/USD Trading Journal 2009