Don't worry about it. In this business, it's nice to have hopes, it's sad to have your hopes crushed but if you stick to your MM rules (trail stops etc), you are immortal, as immortal as Jacko's soldiers

Jacko's Forex House of Pleasure and Pain

Yeah, it's exciting just thinking about it. Never miss it people. In this business you dont make money everyday, but that's one of the days that you shouldn't miss.

Jacko's Forex House of Pleasure and Pain

I recommend Oanda.

Who is the best broker allow microlots ??

Wow! I didnt know that. I think that's a very huge advantage for long-term traders.

Jacko's Forex House of Pleasure and Pain

Jacko updates his trailing stops manually every 2-4 hours IIRC. Keep it simple and dont worry too much.

Jacko's Forex House of Pleasure and Pain

I use trailing stops. If the stop got hit, I will buy at lower price. If the price went up straight to 4000 without hitting my stop loss, who am I to complain? lol .....

Jacko's Forex House of Pleasure and Pain

Trades are working well for now .... the position at 1.3400 is my long-term position. Nice call jacko .... :-) image image

Jacko's Forex House of Pleasure and Pain

Why 2 lots ? Revenge trading ? When you lose twice in a row even after using A-H, you may want to take 1-2 days leave.

Jacko's Forex House of Pleasure and Pain

Swing trading is great. Even better if you focus only on 1-2 pairs. Take a look here to see the goodness of trend trading. url I dont understand what do you mean by the bolded statement above. Account size is not relevant nowadays since you ...

new plan

Take a look at daily chart. Fiber had a top on 27 Apr 2007. Both 3600 and 3650 works as a top. (in fact 3608 was the lowest support a few days ago, allow for some noises). You want to focus on round number 00 and 50's as your entries. It' something ...

Jacko's Forex House of Pleasure and Pain

It depends — In my opinion, it depends on your technique. Some pairs are very trendy, so if you are a long term trend follower you can make money. Some pairs are very ranging, if you trade the range you will make good money. It depends on you ...

Forex can be easy if you dont trade the GBPUSD

You can just do nothing ... or do 1-2 shorts when if you have confidence.

Jacko's Forex House of Pleasure and Pain

It depends on how you trade. I consider myself a position trader and I use trail stops. I make good money when I'm right and spend time waiting for profits to accumulate ... and lose small when the market crash, no matter how bad it crashed (thanks ...

Day Trading vs. Swing Trading vs. Position Trading

Good sharing nick ...

How to be a trader for a company?

It's only 1 pip per day. Do you make less than 10 pips holding a position for e.g 10 days?

where is all this Dollar weakness coming from?

Seems like the price is stalling at 3700. Quite strong support there. I'm gonna apply anti-hedge at 3780-ish. Anyone has the anti-hedge pending order ready ?

Jacko's Forex House of Pleasure and Pain

Hmm ... great call by jacko ... SeekingLight I'm not jacko but if I understand his method correctly, what jacko is doing is 1) get out before the retracement to protect profit. (market never go up straight) 2) get back in after the retracement to ...

Jacko's Forex House of Pleasure and Pain

Lol good call jacko ... This is my game plan for now ... buy limit @ 3600. If a strong support above 3600 is visible tomorow, I may jump into it again ... hehe

Jacko's Forex House of Pleasure and Pain

Woot ... I'm gonna wait for that retracement again

Jacko's Forex House of Pleasure and Pain

It depends on you. Maybe you want to tighten the stoploss or just exit and re-enter after the news.

When fundis and technicals collide