i see it too takeprofit, but 1 hr timeframe is a little risky. on another after the fact note continuing from my previous post, notice in the below chart how indecisive price has been the past few weeks with opens and closes so close together.

Jacko's Forex House of Pleasure and Pain

nice chart beatentrader, my question is why didn't yopu strat the trendline from the left of the chart in early february?

Jacko's Forex House of Pleasure and Pain

An observation — Certainly some interesting reading these past few pages! An observation I have (which I'm sure anyone who has been/lurked around FF long enough will know) is to see what PRICE itself is doing, ie PA/James16 Chart Thread. ...

Jacko's Forex House of Pleasure and Pain

in my humble opinion, if price starts heading back up, and 1.5800 holds, then above 1.5800 would be a good entry. looking at a 4hr chart, price has bounced off the February lows and supporting trendline (and long term MA used in another method not ...

Jacko's Forex House of Pleasure and Pain

Seanchicago, what software are you using for the point and figure charts?

Jacko's Forex House of Pleasure and Pain

well done take profit! i had an entry set 12 hours ago at 1.5902 which triggered and stopped for a loss of 50 points (no easy money there ) 1.5850 was a good entry. I forgot I had a buy stop sitting at 1.5950 which got triggered while I was ...

Jacko's Forex House of Pleasure and Pain

4th trade stopped out while I was sleeping for 47pips. Making imy Jacko experience 2 losses, followed by a clear cut winner and a resurrected soldier. Easy money!

Jacko's Forex House of Pleasure and Pain

i have a free trade with another 20 sweet pips locked in

Jacko's Forex House of Pleasure and Pain

nice work gagiul!

Jacko's Forex House of Pleasure and Pain

On 4hr charts, looks like we've had a 50 retrace up from the low followed by price falling to 1.5791. Current bar shaping up to be a pin bar AND a bullish outside bar AND coming off lower trendline AND at the 50fib. I am considering buying at 1.5850 ...

Jacko's Forex House of Pleasure and Pain

all of you who went long at 1.5750 on Friday (including me) should have made a nice sweet 44 pips, assuming you trailed by 50. Just got stoppped out at 1.5794.

Jacko's Forex House of Pleasure and Pain

congratulations AAD, nice trading (but why the bold text?), what was your entry criteria? GJ is king of the 50 retrace! lot of support at 1.5750 and it coincides with the 50fib from 3rd-16th of April and upwards trendline. set a buy limit at 1.5750 ...

Jacko's Forex House of Pleasure and Pain

i stopped trading gj long ago - wild rides BUT wild heartbeats and anxiety

Jacko's Forex House of Pleasure and Pain

MPP, I actually have 1.5821 as the weekly 50fib but that is based on ibfx feed. I'm waiting to see if price will dip below 1.58 or below 1.5750 then will buy on resumption of trend. Some charts, firstly 4 hr showing many opportunities where price ...

Jacko's Forex House of Pleasure and Pain

thanks everyone for your replies. i had a buy limit that initially missed by 1 pip (ibfx feed) then hit while i was away and iv'e reurned to find it stopped out at a 50 pip loss. at least it was only a demo trade! what are the ramifications of ...

Jacko's Forex House of Pleasure and Pain

just wondering if anyone here is actually sticking to original Jacko rules as stated in the first few posts of this thread? otherwise I feel this thread may end up becoming just like every other one with posters posting every willy nilly trade based ...

Jacko's Forex House of Pleasure and Pain

what does a sweeping cure mean in technical analysis terms?

Jacko's Forex House of Pleasure and Pain

congratulations but i'm not sure i understand your trade. why the high and low from these dates? the low of 1.567? was actually on the 14th. how did you use the 50% fib in this case? just wait for price to move back up 50% then enter long?

Jacko's Forex House of Pleasure and Pain

newbietrader, I believe you entered short around 1.5860, what led you to enter at this level? what did you see on the charts? was your entry before or after Jacko's warning of possible ECB intervention? Could you post a chart explaining your ...

Jacko's Forex House of Pleasure and Pain