My view is that we will see minor pullback before heading back north so I will wait with my entry. I know that some of you use others tools to keep them on track so do I. I use Elliot Wave analysis and I'm pretty good at that. There are times though ...

Jacko's Forex House of Pleasure and Pain

I have a buy stop @ 1.5650 with 100 pip TSL. I will cancel it though if the price makes new low on a hourly chart prior to order filling. Ocean

Jacko's Forex House of Pleasure and Pain

I'm not quite sure if now is the time to buy. I would wait for a new high or for a dipper retracement. Ocean

Jacko's Forex House of Pleasure and Pain

Thanks guys for your sharing your view

Jacko's Forex House of Pleasure and Pain

Buy @ 1.5950 ??? — I'm thinking about placing a buy stop @ 1.5950. It will be a break to a new highs but I'm worried of 1.6000 resistance. What do you think guys? Ocean

Jacko's Forex House of Pleasure and Pain

Yes, me too! But I will not chase this market. I'll wait for 50% ret. I have learned a lesson (again) - it is time to make use of it. Ocean

Jacko's Forex House of Pleasure and Pain

I think testing of 1.6000 is possible but I don't anticipate to make new highs just yet. I think this correction hasn't finished yet. I could be wrong though. As stated earlier trade what you believe not what you read here or in any other post. We ...

Jacko's Forex House of Pleasure and Pain

The 1.5150 area is very good place to buy when this reaction confirms to be a reaction rather than trend resumption. Ocean

Jacko's Forex House of Pleasure and Pain

Trend resumption? - not likely — This scenario is just developing. I could be wrong though. Glad that some of you made money on this reaction. Ocean

Jacko's Forex House of Pleasure and Pain

Thank You — Ace, Thank you for the kinds words. We are all here to learn from each other. Ocean

Jacko's Forex House of Pleasure and Pain

Back from Holidays — Hello Everyone! I hope everybody had a nice Eastern time. As I said in post #1956 E/U looks week. The 1.5150 scenario is looking more probably to me however I think we will se a nice reaction up before getting there. I'm ...

Jacko's Forex House of Pleasure and Pain

E/U looks week — The market looks week. I think a daily time frame retracement could be developing. Anyway I will stand aside for now until after Eastern. Going with my family to the Baltic Sea. I wish you all happy Eastern! Ocean

Jacko's Forex House of Pleasure and Pain

I set and forget. I place 2 orders - parent and child order. Child order is a trailing stop order. So as soon as my parent order is triggered my position is protected by trailing stop order. Maybe you should try different broker? Ocean

Jacko's Forex House of Pleasure and Pain

This is why I use this trading method. My wife was not pleased that I was chained to the computer. Now it is totally different. Our family life started to have the second youth Thank you Jacko for that Ocean

Jacko's Forex House of Pleasure and Pain

4H trend line — Interesting thing. The price goes sideways to down in a trend channel but there is a rising 4H trend line. It will be interesting what happens there. It seems that price bounced from this trend line (coincidently it is 50% ret ...

Jacko's Forex House of Pleasure and Pain

Good to know that! Remember, you are learning so keep the bet size small and stick to the rules. After you'll build your self confidence you'll be free to use your full potential. I wish you a lot of pips. Ocean PS. I am currently out of the market.

Jacko's Forex House of Pleasure and Pain

Welcome new member! — Hi Lesterthecat, Glad to welcome new member of this thread I think both approaches are valid, it is up to you which one fits you best. I personally put a buy limit below the price when I feel there will be a ...

Jacko's Forex House of Pleasure and Pain

Ace, Feel free to post when you feel the need to do so. I find your posts very valuable. As you said: "as the more that post the more we can learn" I agree with you completely. Ocean

Jacko's Forex House of Pleasure and Pain

Buy limit not triggered — My buy limit has not been triggered. Will look and see where to get in.

Jacko's Forex House of Pleasure and Pain

Yes, that happened indeed. I don't know if it will fall much more than that. My opinion - it is likely but needs some time. I think 1.5600 could be a good support. We could have a daily time frame retracement so we could see lower levels but it will ...

Jacko's Forex House of Pleasure and Pain