My initial thoughts are not to worry about the low impact ones on the FF calender but stay away from any Med or High? Thanks R[/quote] I would agree with that. Don't enter positions near news marked in red on the FF calendar, even more so if a few ...

The System II (Yes with irony)

Interceptor, I'm very sorry to hear about that-I can totally relate to you. I'm lucky that I do not have a family as i would most likely have had a similar situation. But I can relate to you as I find it hard to explain what I do to other people, ...

A Cautionary Tale

I'm still not convinced of the mathematical viability of scaling into positions when trading short term ( I am in and out of trades from 5 mins to 2 hours, dependent on if SL or TP levels are hit). Trends are less strong and more apt to reverse in ...

Scaling out vs staying fully invested

Thanks stevegee, I looked at that before. It's definitely interesting, but I think the part that is perhaps glossed over is when it's mentioned that "Assuming the market is up, at another predetermined point, I buy another 1.5 lots." The ...

Scaling out vs staying fully invested

Islander, I agree r.e. Daily Pivots, I always trade in the same direction as them. Never 100% perfect but then what is? Regarding Eur/usd today, the logical TP level would have been the 1.4580 area where there is a double bottom which normally can ...

Scaling out vs staying fully invested

Thanks Peter, will have a good read through. Funnily enough, have a mate doing a Maths Phd and was going to ask him to look into this. Problem is he isn't a trader so wasn't sure if it would be too hard to explain to him. On reflection, it probably ...

Scaling out vs staying fully invested

Have a mate in the US who is a cattle trader on the floor of the CME, but also owns an fx brokerage firm. He reckons that none of his clients make money in fx. He's been trying to get me to change markets as a result but I'm doing fine (so far). ...

The Reason why 95% Traders fail

Just a quick post-do you all trade all moves throughout the entire day? I've found that I trade in a similar fashion to this, but with my own indicators/rules/system etc. BUT here's the thing. By trading 6.45am to 10am London time, when ...

The System II (Yes with irony)

Thanks for the advice. As for today, I'm wondering if there was a leak of some kind today as prices took off at an odd time with no definable reason (other than being more sellers than buyers of course). Islander, it's a real headache. When you see ...

Scaling out vs staying fully invested

USD/CHF is a benchmark for the USD. If you look at a US$ Index chart, which is an aggregate basket of US$ currencies all put together, you will see that USD/CHF and the $ Index are very similar/close to identical. As such, if you trade Eur/USD, then ...

Jacko's Forex House of Pleasure and Pain

I'm not technically adept at the science of how orders are filled and at what price, all i can do is give you an experience I had with fxcm this morning. Had a sell order on usjpy at 89.120. It was filled at 86.106. It was opened at 6.57am London ...

FXCM Micro Account Trading Environment Test

Hi Pips, Just my opinion and you can decide to ignore it, but don't get sucked into news announcements. It's for the big boys only-they decide how it will affect the currencies and will shift their billions in and out in a very short timeframe as a ...

Jacko's Forex House of Pleasure and Pain

Hi Low (boom boom!) Those levels don't rule my life, but I'm always aware of them, and days like yesterday on cable only serve to show stop hunting as an art form Bringing the thread back to Jacko's system, and combining it with your post, I don't ...

Jacko's Forex House of Pleasure and Pain

If I had a pair then I would have gone long at 1.4250-Daily pivot and 50% fib from 4.00pm 1st september to 10am 3rd september swing hi/low. However, I get the distinct feeling that this is very short term in terms of Jacko's approach and he's ...

Jacko's Forex House of Pleasure and Pain

Hi Pipscalibur Maybe it's terminology-market makers/brokers/hedge funds/call them what you want. Bottom line is that in situations like that when S/R levels are so obvious, you know they're going to get hit before a move continues in the direction ...

Jacko's Forex House of Pleasure and Pain

Hi coscorp, thanks for the very informative posts. Need to get my head round them though! R.e your TP levels, my attitude is that the same rules apply to avoiding stop hunting by brokers. For example, there was a triple top formation on gbp/usd ...

Jacko's Forex House of Pleasure and Pain

Thanks Dan, I was starting to doubt why I had entered the trade as the other opinions certainlky make sense too. So i was using that thought process without knowing it, there's still an uptrend (generally and it's still rangebound, so why not buy at ...

Jacko's Forex House of Pleasure and Pain

Jonboy 123-do core muscle exercises on the gym balls. Look them up on the internet, start slowly and work your way up to harder ones. That will help your posture a lot.

Lower back pain and your forex chair...

Like England33 I had a bad back through too much football etc. It totally went twice, the second time it took me an hour to get out of bed in agonising pain, had to crawl down the stairs backwards, pee in a bucket because I couldn]t stand up, then ...

Lower back pain and your forex chair...