Seems like 1.5300 is a good buy ..... bearish sentiment is out of steam ... and 5300 is major support .....

Jacko's Forex House of Pleasure and Pain

Me too .... I got a long order pending at 1.5600 Hope it will work out great ...

Jacko's Forex House of Pleasure and Pain

anyone bought at 4700 ?

Jacko's Forex House of Pleasure and Pain

I have one thing to do with Fiber. Sell the rallies after it breaks 4160. LOL

Jacko's P&P Trend Trading Method

Yup, I almost cried this morning seeeing that. I missed another 30 pips profits. But oh well .. there's money to be made on the short side. I'm looking at 4150 as a short level as well. Targeting 3800-3900. If it drops, its gonna drop real fast.

Jacko's P&P Trend Trading Method

So how's everyone making money ? Anyone long at 4020-ish should have been able to lock at around 80 pips of profit at least. Uber leet jacko technique.

Jacko's Forex House of Pleasure and Pain

I longed at 1.4040 (1.4017 was the lowest). Using trailing stops 50 pips. Currently at 1.4113. I'm thinking that Fiber will go south once it hit level 1.4150-ish. Down to 3800-3900 by next week. Let's buy cheap!!! As usual, I could be wrrrrooooong

Jacko's Forex House of Pleasure and Pain

People, Let's not be frustrated over something that we dont know anything about. Nobody besides jacko knows about Mark's techniques and its profitability. Nobody needs to know that techniques to make money in this business either. There are so many ...

Jacko's Forex House of Pleasure and Pain

In the 1 HR charts .. it seems the rally after each retracements are getting shorter and shorter. Good sign of exhaustion. I cant' wait to buy at cheaper price!

Jacko's Forex House of Pleasure and Pain

I bought the dip at 3950 ... hope the trend is going strong .....

Jacko's Forex House of Pleasure and Pain

jacko and newbietrader101, I'm going to wait till 1.3800 too ...

Jacko's Forex House of Pleasure and Pain

Hmm if I'm not mistaken, if you buy at 3900 .. you are not buying the dip. Jacko advises buying the dips. Btw, it seems to me that 3850 is a good buy. A good dip.

Jacko's Forex House of Pleasure and Pain

One question to Chaos trader ... I read the book and it seems that Bill proposed Elliot wave as the method. But it seems to me the charts in this thread has no Elliot wave count. Has the method evolved away from EW ?

Profitunity (Chaos) Trading System by Bill Williams

Something to think about. 3850 was a resistance on 19 July 2007. I'm thinking that 3850 will be the next support. In the one-hour chart .. the price has met a resistance at 3865.

Jacko's Forex House of Pleasure and Pain

Hmm ... seems like Fiber is rolling over? If it's true, this is a good news .. we will have more chances to buy at lower price ... buying at discount =)

Jacko's Forex House of Pleasure and Pain

Hmm ... I have a position and the SL is at 3750 (entered at 3680). If this SL got hit, I'll reenter at 3700 (Another 50% retracement and R turn to S level).

Jacko's Forex House of Pleasure and Pain

Use a fixed % of exposure in each trade. Let's say you choose 2% If you have USD 100 ... you risk USD 2 (calculate appropriate stop loss that's equivalent to this USD 2). If your fund is small, consider using brokers like Oanda (you can even buy 1 ...

A clever money management system wanted

No worries SL. I appreciate the feedback. The Fiber had been ranging between 3600 and 3700 for a few days and I've been making some profit from that. From my experience, triangles/wedges is only reliable 50% of the time. But since I can lose 0 ...

Jacko's Forex House of Pleasure and Pain

Hi SL, Let me share with you how I use this info (triangles/wedges) in my trading. At that time, I had a long position at 1.3600. Price looks strong to me so I think "hey the price looks so positive, why not take a little more risk, triangles is a ...

Jacko's Forex House of Pleasure and Pain

Triangles are psychological. If the previous trend is bullish 1) the upper side (bearish) shows a selling (profit-taking). Selling lower and lower because they are afraid if the price never return to the last maxima. e.g : Oh crap... price is going ...

Jacko's Forex House of Pleasure and Pain