Hi Aad! I'm using IBFX's MT4 demo, so I guess I can't pull up the USD Index chart.

Jacko's Forex House of Pleasure and Pain

Thanks for the info, Razldazl. Well, I guess it's good enough for me if I watch it on StockCharts.com - it's "almost" live there during NY (stock) trading sessions.

Jacko's Forex House of Pleasure and Pain

US Dollar Index — Hello, is anyone here using the Dollar Index for additional insight into EUR/USD movements? I see it almost as a inverted EUR/USD chart, but many news sources are referring to it. You can check it out on url Based on this ...

Jacko's Forex House of Pleasure and Pain

Hi, anyone remembers my two posts about measuring implication of channels? It's basic TA and it seems to work again and again and again... See the attachment.

Jacko's Forex House of Pleasure and Pain

LOL, thats cool, man. As you most probably know, this is a "Traditional Slovenian Holiday Cake" and it has a BIG impact on forex trading at around 3 PM. Watch for this indicator.

Jacko's Forex House of Pleasure and Pain

I have breakfast at 06.30 AM, lunch at 10 AM, then another "lunch" at 3 PM and dinner at 8 PM - and snacks in between =) Anyway, I'll be looking at NY lunchtime on my charts.

Jacko's Forex House of Pleasure and Pain

Thanks! I asked this, because here where I work and live, most companies have their lunchtime at 10.00 AM.

Jacko's Forex House of Pleasure and Pain

When is the US lunchtime? — Hi, I've tried to google this up, but no luck so far - so, I'd like to ask, when is the lunchtime in US? I suppose it's at 10 AM, but AFAIK, some companies have their lunchtime set at 12.00 AM. I would ...

Jacko's Forex House of Pleasure and Pain

This should be posted as a STICKY on this thread!

Jacko's Forex House of Pleasure and Pain

Well, I did point out that I risk 3% per trade and I also use a 100 pip trailing stop loss. Anyway, my true leverage is always 3:1 and I plan to use 5:1 in the future, after I build up my account.

Earning 150 pips per month consistently - is it possible?

Thanks. That is exactly what I plan to do. If I am able to consistently earn 150 pips/month, I will surely try to find a way to earn 200 pips/month. And with adequate capital, which I eventually could add, that would be more than enough for me. I ...

Earning 150 pips per month consistently - is it possible?

Hi! Wow, that's nice to know, thank you. On average I take about 8 trades per month... Let's see, if this will be enough. I am now also running a more "aggressive" demo account, which would produce about 12 trades/month, but that is as high as I ...

Earning 150 pips per month consistently - is it possible?

Yup, that is what I do - I started small, but as I feel more comfortable, I will put in some more money. I'm kinda of more inclined to earn certain amount of pips rather than a certain % on my account. If I am able to earn 150 pips consistently, I ...

Earning 150 pips per month consistently - is it possible?

As Jacko says: You take it on the chin and move on! But don't forget to put an AH on the exact same price where you were stopped out (after the price retraces 50 pips from your exit point). Losses will happen, no matter which method you use, so ...

Jacko's Forex House of Pleasure and Pain

Hey, no disrespect for BP.com, please. I found BP the BEST beginner course on forex out there.

Jacko's Forex House of Pleasure and Pain

I totally agree with you. I've read (and studied) two most popular books on this topic and I thought I'll be a Master of Universe (in Jacko's terms, hehe)... I even asked Jacko, why does he not use candlesticks, and he just replied, that he is more ...

Jacko's Forex House of Pleasure and Pain

Thanks for the PDF's. While I love Jacko's way of trading, it will be nice to check out the J16 stuff too. Btw, StoragePro, thanks for sharing those PA charts. It was a good "educational" read.

Jacko's Forex House of Pleasure and Pain

Bearish Outside Bar. It's J16 stuff. I don't put much significance to these PA setups, but since there are only few, I have them memorized. See the attachment - it was made by zoopy.

Jacko's Forex House of Pleasure and Pain

It's a good exercise for all of us to follow the plan and make the trade anyway. Sometimes it will work, sometimes it wont. Anything can happen. But we should keep in mind, that the only PA Jacko uses, is the "spike down" or "spike up" (also ...

Jacko's Forex House of Pleasure and Pain