Yep, I am still in it.... It pays to zoom out and see the big picture. Thank you, James.

james16 Chart Thread

Still swimming ... — Entry yesterday at 5700 with a TL 100. After reaching 175 pips, SL reduced to 50 pips, right now I've got 129 free pips. As Jacko said, it is the traders against the banks....Ultimately the banks will win. Then again , who ...

Jacko's Forex House of Pleasure and Pain

eurjpy — I was watching this pair for the last couple of days... I played it as a double top, then again I might be wrong. It does look as an ascending triangle on the 1 H. Whatever it is, I did get lucky and at this point it paid me 106 pips. ...

Drawing correct resistance and support-lines

Short at 1.5778 10 pips below the low of the spike with a 100 pips S/L. With about 135 pips or so locked in, S/L reduced to 50 pips. Stopped out at 1.5619 with 159 pips. Time will tell if the S/L change was a wise decision. Probably not. We are now ...

Jacko's Forex House of Pleasure and Pain

I agree. I don't see any reason to get into a trade now. Speaking for myself, the most important thing I learned from Jacko is discipline and patience. It costs less money and in the long run is most rewarding. Trust me, I was a textbook loser for a ...

Jacko's Forex House of Pleasure and Pain

I don't know if this is of any help, but here is an indicator, that will give you 70% of the Average range in pips for any pair on your MT4 chart.

Drawing correct resistance and support-lines

Yeah, tell me about it. At each round number my Valium supply is in a subprime mode.

james16 Chart Thread

Hey Khornate, No hard feelings mate, you've got a point there. If I would have strictly adhere to Jacko's method, I should have kept the position and wait for the stop to take me out. Didn't happen, lesson learned. Besides, even according to J16 a ...

zoopy's trading journal

I was long since 1.5292. When Alpari closed its daily bar as a BEOB ,I closed my position at about +40 pips. This morning when I woke up and Euro hit a new high I threw up on my keyboard. At the moment Euro climbed 170 pips since I got out. Excuse ...

zoopy's trading journal

Yep. I learned it this weekend the hard way. Got out early from EURUSD at 1.5280 and did not let the TS to get me out. Fortunately the bar ended up as a BUOB and I reentered at 5312, which gave an additional 52 pips after the TS kicked me out. ...

zoopy's trading journal

Charts. — It is a pinbar Monday massacre. Euro, cable, USDJPY, Swissy.

zoopy's trading journal

Sorry... Is this better? quote=zoopy;1886501]I would like to say yes but I have no idea what I'm looking at... so many lines lol. I'll post a chart in a sec[/quote]

zoopy's trading journal

Hey Zoop, is this the way to draw the fib extensions? Thanks.

zoopy's trading journal

Thanks. More luck, than anything else in my case. Now it is waiting time again. One of the benefits of studying Jacko is the benefit of WAITING. This art saved my Dell several times from slashing it with a sledgehammer.

zoopy's trading journal

At this point Euro had nowhere to go, but up. I entered last week at 1.5175 and chickened out today at 1.5248. And it is stil climbing.. Looks like our all powerful $ will be soon a Third world currency. I am not a huge Obama fan, but some changes ...

zoopy's trading journal

image Well, if you are bored, you might have a look at GBPCHF. I was in it yesterday and it spiked up to 2.1579, missing my TP by couple of pips and now it was pushed down mercilessly to 2.1362. The trend is south and it is range bound. Maybe I ...

zoopy's trading journal

Thank you I am using line charts too, mainly for drawing support and resistance levels. Soultrader from FF has a video on You Tube of how to use them. He says, since the line charts show only the open and close they are more precise then OHLC.

zoopy's trading journal

We are on the same page here, Zoop. I had a buy order at 1.9398 since yesterday afternoon. Figured it may bounce back from the pivot level. It was a nice surprise when I woke up, even though I am not really a morning person. James 16 works.

zoopy's trading journal

reentry — just a question here, zoop. woudn't it be better to wait for the 50% retracement from the previous high of 1.4757 which is 1.4589-1.4600? This area is also a minor PPZ... It is a hindsight 20-20 of course...

zoopy's trading journal

Yep. Raczek and Razl are pushing them south. I plead guilty of joining the ride. Now all I need is to take some swimming lessons against the trend..

zoopy's trading journal