It does matter - don't you want to know the reason WHY something is happening? The Daily/4H/1H is down which is why I am biased short, but I like to know what is causing the ebb and flow of the market. I like to breath and I don't necessarily need ...

EURUSD

ummmm - 2 posts in and you make a claim like that? Anything to back it up or reasons?

EURUSD

No, I am a mid term trader - I trade mainly off of the Daily - looking at the 4h and 1h for entries and set ups. I look at the monthly to get a BIG picture view... If you use Fibs, draw one from Oct 2000 lows to 2008 highs and the 50% hits right @ ...

EURUSD

The bear channel down - price currently in the middle of the channel off a bounce of 3000.

EURUSD

hahaha - very true. I thought that if I only risk 1% on every trade, I would NEVER lose ALL my money...but it might be hard to trade 1% of 1 penny... BTW, I agree with your signature.

Jacko's Forex House of Pleasure and Pain

Agreed, I see nothing changing the trend. Super long term (monthly) is still up and is in a pull back (until about 2150 - 50% Fib) but as for the dailies we are still in a down trend, all the mid term charts are screaming it...my vote for the high ...

EURUSD

I see 2800 as a good place to start selling as it is the 50% fib of last month and last weeks high and lows. I will be waiting for that pull back OR if we see a substantial break and daily closes below 2600. It's a dangerous place to enter a ...

Jacko's Forex House of Pleasure and Pain

2800 — The area around 2800 is the 50% Fib from Feb high to low as well as the 50% Fib from last weeks high to low. I am still a bear in this market and will wait for price to hit 2800 before I begin selling again. We are in no mans land in ...

EURUSD

And this is why I trade FOREX...

EURUSD

Ok ok, no need to be racist...lets just get back to trading. FOREX is a market that transcends race creed religion and age - no need for anyone to say that they are better or worse than anyone else. The e/u doesn't care about your poverty or wealth ...

EURUSD

I am assuming you mean getting a margin call? The way I trade, I only risk AT MOST 2.5 - 3% of my account. This makes it impossible to ever get a margin call, I've been there and done that and will never ever go there again. I agree with the ...

EURUSD

This Friday is shaping up to be just like the others. Head fake the direction of the weekly trend, then move against and close higher. I am hanging on to my shorts, but I am going to move my SL in closer to lock in some 50 pips. Good weekend ya'll

EURUSD

I have no idea where it's going today. hahaha...Fridays seem to follow a different set of rules and we have a double whammy because it's also the end of the month. 2500 is possible, but so is 3000...so in short (no pun intended) I have no idea but I ...

Jacko's Forex House of Pleasure and Pain

I don't like to keep positions open over the weekend either, but if I see an AMAZING opportunity to get in, I take it even with the weekend swings, I just reduce my position size and increase my SL. and BTW I am no master...I don't think anyone is a ...

EURUSD

Ok, so now my shorts played out... Now it's Friday and I have a decision to make. The last few Fridays have hurt my gains because of the bull run up...This has been a very bearish week and I am concerned that the bulls will try to close it closer to ...

EURUSD

A nice H&S setting up on the 1H - if it comes to fruition...could be a nice bear move overnight - that is before Fridays clean me out with euro strength... I am taking tomorrow off from trading, the last 3 fridays have destroyed me...not a very good ...

EURUSD

im short @ 2690... TSL @ 100 pips

EURUSD

any one going long now?? it's testing the line...

EURUSD

Wait for it to peak and then pick it up on the way down... I usually will wait for it to move 50 pips past a strong resistance level before I jump in... NEVER worry about missing a move, E/U always has good moves...just be patient and stick to the ...

Jacko's Forex House of Pleasure and Pain

There is actually a smaller triangle formation on the hourly inside the larger 4h triangle. Could be a good indication of which way it'll break long term when it breaks the smaller one...Just a thought.

EURUSD