I hope that this post will provide some help — Hello traders, I was revising my daily chart and came up with a quite reliable EW count of the daily timeframe. I have drawn 3 price zones where the major 4th wave may end. I have also 3 possible ...

Jacko's Forex House of Pleasure and Pain

Should we go short or wait for the bull? — I think we will have some amazing shorting opportunities when the market bounces up. It is the major 4th correction in EW terms I think. Ocean

Jacko's Forex House of Pleasure and Pain

The wast majority of traders here play this game too often. Why? Because they are more scalpers than trend followers. Jacko method is pure trend following method and as such works best. Ocean

Jacko's Forex House of Pleasure and Pain

Large correction taking place? — I think if the market take out 18th April low we will be in a medium term down trend. I will be looking for short positions. I looked up the daily chart and I see 3 possible bottoms regarding market health. ...

Jacko's Forex House of Pleasure and Pain

Trading system to me is about when to enter the market, which direction, what position size, what risk (in pip terms), when to exit. So basically I agree with Sean. I would call Jacko's trading method rather than Jacko's trading system. Happy ...

Jacko's Forex House of Pleasure and Pain

Stewartr, Thanks for the kinds words. I know Jacko doesn't use this kind of analysis but I'm just trying to help. Ocean

Jacko's Forex House of Pleasure and Pain

Hi Takeprofit, I think we should stay out for now. My last long finished at BE. The market looks very weak. I don't know if this is ECB intervention or not we will see. Ocean

Jacko's Forex House of Pleasure and Pain

The price action is pretty what I said in post #3009. If this pattern confirms itself I am going short but first will wait for a rebound from lows. But this is my view and could be wrong. Ocean

Jacko's Forex House of Pleasure and Pain

Starting to think in bearish colors — What I see now is a 5th wave with overlapping waves. What it means in EW terms is that we can see a huge downward move and that in turn means that there will be a great shorting opportunity. But again I ...

Jacko's Forex House of Pleasure and Pain

Market is very weak, we won't see 1.6000 this time or maybe I am wrong but I am out of the market for today. Good trading to you all. Ocean

Jacko's Forex House of Pleasure and Pain

Exactly but I gave 24 pips back on the breakout. Glad I closed this trade on my gut feeling and saved 76 pips. Let's ride this bull Ocean

Jacko's Forex House of Pleasure and Pain

Nice drop — I'm long from 1.5870 (50% Fib). Will see where this 1H candle closes. Ocean

Jacko's Forex House of Pleasure and Pain

Skyline, who knows... who knows... I must ask my mother I'm long @ 1.5982. Will see if this breakout would be successful. Ocean

Jacko's Forex House of Pleasure and Pain

Thanks for advice Sean, I will stick with GFT for now. They have great customer service and I remember once a trade that was very doubtful for me. It was the spike that triggered my buy stop but I didn't see this spike on others platforms. They ...

Jacko's Forex House of Pleasure and Pain

I have also 2 pip spread and my low is 1.5899 so I was missed by 1 pips. It is very annoying. Hopefully the breakout will be strong enough to break 1.6000. Ocean

Jacko's Forex House of Pleasure and Pain

Aghhhh !!! — My buy limit @ 1.5900 was missed with 1 pip! Shame on you GFT! I'm looking to join on breakout. Ocean

Jacko's Forex House of Pleasure and Pain

The elephants not strong enough? — I think the elephants either do not have enough power or did not react yet. If we break through 1.6000 then I think the elephants could not stop a wave of bugs or something else small Bruce Lee said ...

Jacko's Forex House of Pleasure and Pain

I think I found a solution for weekend gaps and leaving a position open during the weekend. My broker has guaranteed stop orders witch costs 3 pips more during an order execution. So I guess that if I am going to take a trade on friday I will use ...

Jacko's Forex House of Pleasure and Pain

Skyline I would not be so radical. I think I will close my trades before the weekend if they're not at least 200 pips in my favor. Ocean

Jacko's Forex House of Pleasure and Pain

Hi Skyline! That is the same price I was stopped out at. By broker is GFT so I guess it is not a single broker problem. Anyway it does not matter for now anymore. Let's look for another trade setup. Ocean

Jacko's Forex House of Pleasure and Pain