Not Again! — Missed my trendline bounce entry by 2 pips. I seem to be having a run of these at the moment. Not sure if a 2nd revisit is as inspiring?

No Brainer Trades

Fiber on the daily seems much clearer than on the 4 hourly.

Jacko's Forex House of Pleasure and Pain

Confusion can occur when the actual trades taken deviate away from the method outlined on Page 1. And as for drawing resistance lines which are the length of half a dozen 4 hour bars or so, I mean, strewth! Lets get back on plan. 300 period ...

Jacko's Forex House of Pleasure and Pain

Fiber — Chart attached of my Fiber buy limit order. Came within 2 pips, stuck it's tongue out, and buggered off! Today is poo.

No Brainer Trades

Hi You are right about the strong uptrend. However, due to the massive increase in volatility from last year onwards, the timeframe was switched from daily charts to 4 hour charts. This (unavoidable) change has resulted in a foggier perspective of ...

Jacko's Forex House of Pleasure and Pain

The anti-hedge is, indeed, wonderful. Keep in your mind at all times that, if you choose to trade against the trend, then you lose this excellent tool.

Jacko's Forex House of Pleasure and Pain

That sounds promising. I'll give it a go, thanks.

New systems and historical volatility

Truth is, if you find some way of being able to call the beginning and/or ends of trends, you will be lunching with Soros and Lewis before you know it! I think it's the Holy Grail which all have searched for. Nice Hoople video, by the way.

Jacko's Forex House of Pleasure and Pain

Pin this up next to your computer-I have. In moments of doubt or confusion, re-read it. Works every time. I am a Trend Trader EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY; 1. buy/ sell ONLY in the direction of the major trend ...

Jacko's Forex House of Pleasure and Pain

Dick.

Jacko's Forex House of Pleasure and Pain

Would you say that the last 4 or 5 months were seasonally atypical for trading conditions and volatility ranges?

New systems and historical volatility

Anyone who considers that the trend is up one day, going down two days later, then back up again by the close of the week. It's called fundamentally curve fitting technical analysis, otherwise known as seeing something which isn't actually there, ...

Jacko's Forex House of Pleasure and Pain

You're right, I do. I therefore consider it to be impossible to consider a 4hr/daily/weekly chart bullish one day, and then bearish the next. Just plain doesn't make sense.

Jacko's Forex House of Pleasure and Pain

Just remind me, does Jacko's system attempt to trade with the trend, or against it?

Jacko's Forex House of Pleasure and Pain

Simples! image

Jacko's Forex House of Pleasure and Pain

Certainly not a case of 'piling on' Jacko, or anybody else for that matter. Whether the trade is profitable or a loser is irrelevant. All that matters is the correct implementation of the strategy, which is proven to be successful over the longer ...

Jacko's Forex House of Pleasure and Pain

Thanks for the reply. I'm going to mull it over for a while! Cheers.

iiivb's Journal

My own opinion with the news is just stay out of it's way. If you leave the position open, then you are basically tossing a coin. Look at it this way; if you work all week, and then come home on Friday with your pay packet, would you toss a coin to ...

Jacko's Forex House of Pleasure and Pain

The biggest hurdle in trading has nothing to do with systems or even money management. Rather it is the constant struggle each trader has with him or her self. Devising a plan is one hell of a lot easier than actually sticking to it. One facet of ...

Jacko's Forex House of Pleasure and Pain