Because it could move further past...what you are waiting for is price to gain momentum and confirmation that it is moving back in your favor...don't get greedy, just be happy you can get in where you got off and recoup your losses.

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Yes - although Jacko now uses a 100 pip TSL due to the volitility, some have increased it to 200 but I can't afford that. If the price continues past the 50 pips where your stop was hit, let it...just wait for it to come back around...remember your ...

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If you read the first page of Jacko's thread you should be able to get a good idea of what he is about. The AntiHedge is a technique to get you back into the market in the direction you originally intended. Here is an example - I place a Long Trade ...

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I would find a new broker...

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The Sand Pebbles and The Thomas Crown Affair are two of my favorites. I recently started watching Steve Mcqueens whole filmography...I love old movies and he was The King of Cool.

Jacko's Forex House of Pleasure and Pain

url

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Jacko - Great to see you so soon again. That is a true story, I didn't last more than 3 months as a scalper, my wife was about to kill me. Thankfully I did find you and your method and now her and I can see the "light" at the end of the tunnel. What ...

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My stop was hit last night @ 2765...looks like 2800 held and I put my AH in after it moved 50 pips away from my SL. Lets see what happens. Good Morning all!

Jacko's Forex House of Pleasure and Pain

I have a strong "gut" feeling (usually wrong) that we will see 2600 by the NY open tomorrow morning. I don't know why, I just feel like price is fighting too hard to climb and I "see" some things that make me uncomfortable about waiting for a pull ...

Jacko's Forex House of Pleasure and Pain

Good night and good trading. Overall a successful day, let's see what happens tomorrow.

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Yes sir, My opinion is closely aligned with yours. We'll see 2400 - 2300 before we can think about longs. What I truly think will happen is we'll get down to 2150 (50% Fib on the monthly's) before we see any real move up back to our 2008 highs and ...

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a nice pinbar is shaping up on the 4H - if it can hold, I might throw in a counter trend trade.

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I tried to be a scalper once, I got my a** handed to me three times (real money too so it hurt) but once I realized I was scalping b/c I like the rush and not b/c it was profitable I (my wife) decided to screw my head on straight. I found Jacko on ...

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The short of it, yes. The long of it, I don't think that once it passes 2700 that it will be back for a while (next week sometime). To me, 2700 was pretty good s/r so when it passed, I choose to sell at this point as I feel we'll be around 2500 - ...

Jacko's Forex House of Pleasure and Pain

I love your signature...very important words. Welcome to the thread, I hope you learn as much as I have/am learning. I am short @ 2710 - in hindsight I should have waited for price to pierce 2700 before entering but as I said...I'm still learning.

Jacko's Forex House of Pleasure and Pain

Ken - I usually don't like to make trouble, but I also do like people being rude. I understand that people on this thread (along with myself) sometimes do post things that aren't related directly to the e/u and we like to joke around. However, they ...

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It's also hanging around the 50% fib from last weeks low to todays high...

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Whew - I am out. Taking my 100 pips for today and now I am waiting for a good entry...we'll see what 2800 and 2900 does to the price. Where are people putting their Fibs??? Good Day and Good Trading

Jacko's Forex House of Pleasure and Pain

Agreed, waiting for my TS to take me out for +100 pips today, then I'll wait until we get below 2700 or back up to 3000 before I get back in on the short side.

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Price just touched and bounced off my 65 SMA on the 1H, I moved my TS to 50 pips and will add to my short if we get past 2700. In the green 125 pips.

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