Hi Cecmc! You have my respect for that. Would it be too personal to ask how much you risk per trade? We know that Jacko normally risks 5% of his account, but his trading size is only half of that when the markets are volatile. I personally use 4% of ...

Jacko's Forex House of Pleasure and Pain

Hi Static, here is my reasoning. I thought it is going down to 1.5525, but today I saw a quick spike down to 1.5532 (on the 15 min chart). The price rebounded quickly so it signaled that it doesn't like those price levels. I've learned not to chase ...

Jacko's Forex House of Pleasure and Pain

In (long) @ 1.5550 with a 100 pip TSL. (didn't wait for 1.5525)

Jacko's Forex House of Pleasure and Pain

Check this site for candlesticks listed by reliability. I haven't tested/observed the setups found in your PDF yet, but I will do that soon. Anyway, I found candlesticks most usable on weekly and monthly charts (tested on the Dow Jones index and on ...

zoopy's trading journal

Hi, I have a pending buy order at 1.5525. Just in case if it drops that far. This is approximately where the price and the trendline would meet again, just the same as at 1.5350. Just a guess of mine.

Jacko's Forex House of Pleasure and Pain

Nobody is sure what will happen, but long consolidation is usually preceded before a big move. If it falls, it could go down to 1.5450, where the current trend line is (just as it was @ 1.5350) and that is where the last big move ended.

Jacko's Forex House of Pleasure and Pain

Hi friends, before I'm off to watch Star Trek (hehe... yeah, I like Star Trek very much) I'd like to share with you 2 textbook examples of Technical Analysis on channels and trendlines, since both are part of tools that Jacko uses. Channel lines ...

Jacko's Forex House of Pleasure and Pain

I hope not, because I shorted EUR/USD at 1.5771.

zoopy's trading journal

I guess we should watch only for the strongest and most widely observed setups. After reading two best known candlestick books, and studying dozens of candle patterns, I was a bit disappointed, that CS's don't really work. There are about 4 to 5 ...

zoopy's trading journal

Oh, s*it. This sound like a legalized criminal. I'm glad that I choose a ECN type of broker... Never had any problems with them.

MT4 Brokers' Virtual Dealer Plug-In

Hi, No no, I love EFX (not to mention, that they are ECN type of broker), just that I don't understand the TSL on multiple EUR/USD positions. But I use InterbankFX's MT4 for charting... And I'll stop using that too, after EFX introduces the Remote ...

Jacko's Forex House of Pleasure and Pain

They don't work for weekends, but I've managed to find a partial answer to my question in one of their webinars. You can't have two separate long (or short) positions in the same currency pair (EUR/USD in my case), but only one "combined" position, ...

Jacko's Forex House of Pleasure and Pain

Thanks for the info. And btw, I really like the Price Action Setups PDF! Very elegant and simple.

zoopy's trading journal

Hello everyone, could somebody PM me please, who uses EFX Group / MB Trading as their broker? I have a question about adding subsequent positions and about the trailing stop loss. Thanks!

Jacko's Forex House of Pleasure and Pain

Hi zoopy, what's a "buob"? Anyway, thanks for reminding me over and over, that I too should use the line chart more often! I don't know why, but I always forget it, even if I use it all the time on the Dow Jones index. (no, I don't trade ...

zoopy's trading journal

I have to let go of prematurely closing my trades, too! I've added another position @ 1.5820 (I've missed the original plan of 1.5810). I strongly suspect that the 1.5900 will be revisited. US had some weak reports out today and EU had some strong ...

Jacko's Forex House of Pleasure and Pain

Gagiul, I'm quoting you again, because it made me rethink the situation. I went long again @ 1.5750. Thanks. Btw, one of the best things I've learned is to flip the chart vertically and reexamine in from the opposite site. After I saw this strong ...

Jacko's Forex House of Pleasure and Pain

Yeah, some nice words of wisdom. Yesterday, when I wrote I hope to wake up and see my 1.5530 order triggered, I actually dreamed it was executed at 1.5480 and that it went up to 1.5600. When I woke up, I almost believed it was true (because in my ...

Jacko's Forex House of Pleasure and Pain

I'm sooooooooo tempted to chase this market!!! But I'll wait. Ahhhh... So many pips... So many $... Live and learn!!!

Jacko's Forex House of Pleasure and Pain

I hope for both of us that we will see 5530 soon. For those of you, who are still in the trade - let it go, you've made enough!!! We need some pips too! I have a buy limit order now set and after I wake up it would be nice to see it filled. ...

Jacko's Forex House of Pleasure and Pain