I posted this chart here: url image So, it seems to me that the support line has been broken. But maybe i am misreading the chart, or my support line is wrong. If the price went marginally below the support line, i would say, that yes, the trend ...

Jacko's Forex House of Pleasure and Pain

Thanks ! That's no big deal, it took out a very small amount of money. I reduced the risk on that one because this was a countertrend trade. But the lesson is learned, no more breakout countertrend trade (just by writing it, it seems a really stupid ...

Jacko's Forex House of Pleasure and Pain

Ok 1. just went to a 100 pips loss. Which clearly confirms that EUR/USD is now down (and not marginally broke the support line). I am now waiting for price to go up to around 1.4900, to sell.

Jacko's Forex House of Pleasure and Pain

I once thought that martingale was a good strategy....

What was your biggest Forex mistake ?

Here is my plan: 1. I am buying at around 1.48 and close the position at 1.49 (with a 100 SL). 2. If the price bounces down at 1.49, then i am going to sell a little more and let the trade die with a 100 TSL. Since i am not really sure about the ...

Jacko's Forex House of Pleasure and Pain

Looking at a 300bar long daily chart with last week resistance, i understand now that the trend is broken and is heading south right? (due to the break of the support line, and the up movement bouncing on it just afterward). So, if we are following ...

Jacko's Forex House of Pleasure and Pain

Noise — Just by looking at this thread, anyone can understand why there is so much noise in the lower time frames.

EURUSD