Exactly, it is something unusual. It means that my position although in profit on Friday will suffer a loss on my broker platform when it opens. I'm interested in the cause of this move. Ocean

Jacko's Forex House of Pleasure and Pain

Have a nice weekend ! — Hi all great traders and our guru Jacko! I have 1+ year of experience, not much I know but enough to know that there is no Holy Grail out there. Trading is about having a proper mindset, having a plan and sticking to ...

Jacko's Forex House of Pleasure and Pain

I think my advice would be to stick with you TSL as an exit. No matter if it's the weekend. Getting out by hand is too much discretionary for me. I think Jacko would agree with me. But the decision is yours. Ocean EDIT: Jacko, glad you answered this ...

Jacko's Forex House of Pleasure and Pain

I agree with you completely. That is why I joined Jacko group and stick to his method. Jacko is brilliant trader and everyone in this thread knows this. Thanks for reminding us Ocean

Jacko's Forex House of Pleasure and Pain

Exactly Skyline, it's great to have a free trade developing! Ocean

Jacko's Forex House of Pleasure and Pain

Hi Kaunasny! It is exactly what maximal adverse move is about plus your acceptable level. Very wise Ocean

Jacko's Forex House of Pleasure and Pain

My long trade — My profit potential is now 5 pips. So no loss, no AH. Hopefully I would not be whipped out and see the sky. Nevertheless it is a great trade. Everything is possible... Ocean

Jacko's Forex House of Pleasure and Pain

It's discretionary decision, the same as with 50 tsl. It's because we see more volatility now. However applying a tsl based on an atr value would be very good strategy. You should backtest what length of atr moving average to apply and what should ...

Jacko's Forex House of Pleasure and Pain

Thanks Acetrader, I was tempted to take part of my profits but I think sticking to the strategy pays off in the long term so I will stick to my TSL exit. EDIT: Besides it makes my exits less emotional. I am not breaking my brain with coulda, ...

Jacko's Forex House of Pleasure and Pain

I'm still in at 1.5750 with 100 pip TSL for a possible 1 pip loss. If this is what will happen I think we could see more downside and I'm ready to place my AH order. One pip loss it's still a loss. Thanks for all of you for very valuable posts. ...

Jacko's Forex House of Pleasure and Pain

I have the same setup Ocean

Jacko's Forex House of Pleasure and Pain

Caution! — Guys, you should slow down with your trading. This method is not for day trading. I'm sure there are plenty more useful methods for it. The market is fighting with major S/R levels now. I would stay out until some better picture ...

Jacko's Forex House of Pleasure and Pain

In my opinion your setup was just fine. What differentiates good traders from the best traders is that the best traders are aware of the big picture. EUR/USD is still bullish in the long term but what everybody is anticipating now is a correction of ...

Jacko's Forex House of Pleasure and Pain

Good CT strategy would be to wait for a consolidation on an hourly chart and then place a sell stop at the breakout. If I see this happening I will consider going short in this market. Ocean

Jacko's Forex House of Pleasure and Pain

I don't have problems with letting my profits run but I didn't have faith that in the short term it is the north heading train (my gut feeling could be wrong with this situation). You have right that it is more convenient to risk market money so it ...

Jacko's Forex House of Pleasure and Pain

Sean, I am also out @ 1.5700 for nice 94 pips of profit on 3.5 lot trade. Ocean

Jacko's Forex House of Pleasure and Pain

I have moved my SL @ BE (1.5606). From now on I will trail it with 100 pips TSL. Ocean

Jacko's Forex House of Pleasure and Pain

I see a triangle forming on a 15m chart. I will sit tight and wait for what's next.

Jacko's Forex House of Pleasure and Pain

Be careful I could be wrrrroooong ... Ocean

Jacko's Forex House of Pleasure and Pain

I'm in long @ 1.5606.

Jacko's Forex House of Pleasure and Pain