Mr. Livermore didn't have one.

What made you successful @ FX

LTCM all over again. Greenspan cut rates down to 1 percent to save everybody and bail out his buddies at LTCM, now Bernanke is going to do the same. Bureacrates! Politicians love a falling dollar despite what they say.

Did I miss the train?

Yeah, I was just being a little over-imaginative Your words (along with a few posts Jacko posted earlier) got me thinking, if everyone else in the world is selling US T-bills, bonds, I wonder who's taking the other side of the transaction? Someone ...

Jacko's Forex House of Pleasure and Pain

And then as I was re-reading I started wondering what if one day China annouces a write-off of all US debt? Hmm, maybe it doesn't need a 200 billion fund to strengthen the greenback? A little extreme though. But think about the potential political ...

Jacko's Forex House of Pleasure and Pain

I was re-reading this whole thread and I wanted to ask: does anyone notice the recent increase in volatility during Asian sessions? Beucase I've been seeing a lot more activities going on between 6pm-8pm EST during the last month.

Jacko's Forex House of Pleasure and Pain

that post was from a year ago.

Get ready to give Aussie a hit

finally — waited for two weeks for this moment, aussie is starting to decline but gold is a bit lagged

A journal to keep track of my bias on the market

my bad jacko, i thought it was a pure signal service, I apologize.

Jacko's Forex House of Pleasure and Pain

personally i would be amazed if half of the people who subscribed to jacko's signal service would be as successful as jacko in terms of trading. While jacko certainly calls very reliable entry/exits, there're much more than just entry/exit in ...

Jacko's Forex House of Pleasure and Pain

stay flat — yes, in the situation like this i'd rather stay flat and wait for the retracement to be over and go short again. But that's just me. Money management and risk control is far more important than entry in my opinion. If 60+pips is ...

Thoughts on USD/CHF for this week?

I do not follow institutional investors they are terrible at market turns. Instead, try follow the commercials. Near term I see usd/chf as bullish from the COT data, but lets not forget the long term trend is down.

Thoughts on USD/CHF for this week?

as far as I know, the turtle rules are now offered free on the Internet. But most people can't trade it well, just like any other systems. The turtles use a long term strategy, i think they originally used a break out system.

Jacko's Forex House of Pleasure and Pain

gold has dropped 13 dollars/ounce in the first one and half trading days. Maybe the correction will be over sooner than I thought. Or maybe it will drop further than 700. We'll see. As long as the direction is right, other things are less important.

A journal to keep track of my bias on the market

AU will not go back up in this week. It will go back up in late Oct early November however.

Aussie Pairs

dollar's the safe haven??? I thought gold was.

Why is the Dollar viewed as a 'safe haven'?

looks like gold and aussie has began their downward movement today, earlier than I expected. I was expecting Wednesday but here we go. As I said before I'm looking for a correction that lasts 1-3 weeks.

A journal to keep track of my bias on the market

I do. I usually hold a position more than 3 weeks. Sometimes months. My longest trade was 2 years and 7 months. It could be longer but I got greedy and took the profits.

Anyone here hold positions for weeks or even months?

USD/CHF — francs will depreciate against USD in the coming weeks. We already see a bottom forming this past week. I'm projecting 2-4 consecutive weekly bullish bars (1 already in place, leaves us with 2-3 to go). 1.20 is my first TP, 1.21 is ...

A journal to keep track of my bias on the market

AUD/USD — The recent rally in aussis will end this coming week or next week following the minor decline in gold. Aussie will retrace to 86-87 during the retracement, which should last 1-3 weeks, and climbs back up to 90 by Janurary 08.

A journal to keep track of my bias on the market

GOLD, Oct 07, 2007 — Gold is going to make a correction before starting to rally again. The correction will start this coming week or next week and last about 1-2 weeks, it would be minor, $720 is my first target. We may see $700 but I don't ...

A journal to keep track of my bias on the market