I'm out today...I need to see a spike to 2840 before I'll short @ 2800 or a a break of 2700...

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I noticed it...to me it says the market is very indecisive. I am out of the market right now, waiting for one of 2 things. 1. retrace up to 2840ish (top line of the triangle) and then I'll place a sell order @ 2800 2. a break of 2700 (already have a ...

Jacko's Forex House of Pleasure and Pain

I didn't know anything in FOREX was guaranteed. Careful you are starting to sound like those EA sales persons...

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That's what china would do, and I agree.

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The guy can speak...I like him too - I just think we are way to deep for any "policy" government can think of will work. I meet with a bunch of guys every Wed for lunch (mostly retired CEO's - I'm the youngest by about 40 years) and discuss current ...

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Watched it?? Maybe slept through it...same old stuff...just a pep-talk - rah rah!

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I really never look at the 5m TF...too much noise.

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The bears are looking friendly on the 1h and 4h charts - should do well with my already present short...

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haha - yeah Fridays have been rough, nothing like starting the weekend off with giving back about 50% of my gains for the week... Thanks for checking out the blog, it's primarily for my sanity, but I hope people find it interesting...

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Well, we're wound up pretty tight right now...could break either way, but we have strong resistance @ 2770 and really strong support @ 2700... I think we'll see the major sweep the stops and then start moving in the direction they want to ...

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Is it just me or is it unusually quite in here today?? where is everyone? Did Gator and Jay take everyone on a field trip to the strip club?

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I'm interested... Sounds like a great start. I think price has 2500 in it's sight once it gets past 2700...so we should have a good run down. I am in a trade right now with +120 pips and my TSL has 20 pips locked in.

Jacko's Forex House of Pleasure and Pain

Agreed, sooner than most think too. If you've read any of my posts, you know I am pushing 2150 (not for a while but still...) - on the monthy 2150 (or that area) is the 50% retrace from oct 2000 - the highs last year. Once 2500 gives (i hope too) I ...

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Hey Everyone - I haven't been on all day, my day job took priority today... So far, still in my short from last night, +120 pips with a scaled in position stop is at b/e... Looks like 2700 is proving to be some pretty good support, but I still can't ...

EURUSD

I don't really range trade in the up and down sense. I would sell at the top of the range, but I wouldn't try to pick a bottom in a downtrend... This is why the TS is the only thing that takes me out of the market, all I know is it's going down (or ...

Jacko's Forex House of Pleasure and Pain

I woke up this morning happy to see that OANDA honored my position that their 300 pip spike took out and put me back in the market... Good Morning all, happy trading

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I am not discounting the IMPORTANCE of one man, just the false sense of security ONE man can give. I hear what your saying Joker, I too am in business for myself and I am 26 years old - I learn what NOT to do and what I DIDN"T want... Understand, I ...

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I don't think he looks funny, just the perfectly groomed canidate...

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He almost looks fake...

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Ok, just talked to OANDA - the technical team is working on it, they will restore any positions that where taken out of the market as well as all the original parameters that where set. They say it should be fine in a half hour...pretty good - I've ...

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