Ok I lied, I'm back posting again. Thanks very much for the feedback, I've taken out 50% of my trade and have moved my stop to breakeven so fingers x'd. It appears that there are 2 schools of thought on the strategy-is this divergence between people ...

Jacko's Forex House of Pleasure and Pain

Hi Narberth, when you say resistance I assume you mean the upward sloping trendline? If so I can see what you mean, but I tend to look for trendlines that also coincide with previous price S/R levels (trendlines seem to be stronger with them) which ...

Jacko's Forex House of Pleasure and Pain

[quote=madpommie;3015969] Hi Madpommie-saw your post so went back to the rules and Jacko says: 1. buy/ sell ONLY in the direction of the major trend and 2. buy/sell on dips.(Use support lines to guide you as to price...also "round" numbers ... I ...

Jacko's Forex House of Pleasure and Pain

I'm long at 1.4200. Price fell to 4200, the nearest round number closest to the 50% fib that I have drawn. When it retraced back up after going through it I entered long. Time will tell. Hope I've got the strategy right.

Jacko's Forex House of Pleasure and Pain

Great system — Simplicity is the key that's for sure. I'm a bit confused regarding Money Management on this, specifically in regards to when to take profit. Do people open multiple lots and scale out lot by lot when their targets are reached? ...

Jacko's Forex House of Pleasure and Pain

chingster-fib levels — It's available in any MT4 platform. If you sue the help facility on MT4 that will also answer questions about trailing stops etc

New Variation on 7 am to 9 am Breakout Strategy

Profitability — In my opinion, the key to profitability with this system, and any others, is Money Management. In this system, I believe that you are stopped out at the full amount of the Stop Loss level, with the full amount of your positions ...

New Variation on 7 am to 9 am Breakout Strategy

Seems like much the same as yesterday-big news announcement acting as a brake on any market move that normally would have followed through, then a bad result sent the £ through the floor

0400-0700 GMT Breakout Strategy

thanks fourx, I was familiar with the big dog strategy so missed that one

0400-0700 GMT Breakout Strategy

Entry-not on the exact break? — Hi Fed/everyone AM sure this has been asked many times so I apologise. Am a bit confused by Fed's entry level today and think I have my times wrong. I'm looking at my chart, and using LONDON time (not GMT) from ...

0400-0700 GMT Breakout Strategy

r.e. E/USD doing better than cable — samer960 I have a EURGBP chart next to eur/usd and gbb/usd-cut the gbp/usd position (currently flat) as eur/gbp is looking good, as is eur/jpy, so strong euro with what looks like a weak pound this morning. ...

0400-0700 GMT Breakout Strategy

News — Hi olie, News announcen=metns are on the front page url The ones in red you need to take notice of. Forget trying to trade them the right way, but you need to know when they occur in case you think a set up looks good but are entering ...

0400-0700 GMT Breakout Strategy

Great strategy!! — Hi all/Fed, I've realised that I've kind of been trading this strategy for the last month without knowing it. Haven't read all the posts-no need as it's fairly simple. It's in tune with what I've learned from fx markets, and ...

0400-0700 GMT Breakout Strategy

Hi Zen, So if I opened a gbp/usd chart and added an MA crossover EA/alert, then it would automatically monitor all other markets, or would it need special code inserted? Thanks, Ted

MT4 MA crossover alert without having charts showing?

I'm going to give this a go for a while-think it's important to tradefrom 6.30am to 10.30am, then 1pm-4pm (all UK times) as these are the times with most liquidity so market is more likely to trend

The simple stupid system

Does this count as a pullback? — Hope I'm not monopolising the questions here, and I hope that by posting the chart that it might be off help to others. So my question is, would it be correct to enter this trade if the low, indicated by the ...

The System II (Yes with irony)

Chart for discussion/comment — So I've been rereading the thread from the start, came across the rules again: 1) wait for the market to have a 30-40 ticks swing at any direction 2) Wait for a retracement 3) set 2 horizontal lines - 1 at the ...

The System II (Yes with irony)

Whoops — Feb, thanks for the detailed advice. I'm sorry if I've entrapped you into breaking forum rules, as usual I didn't think what I was doing Yep the stakes are a lot higher in futures, but I don't think it's possible to trade this ...

The System II (Yes with irony)