I would not - for the simple reason that if the broker went pop there would be no guarantees (as far as I know). I am not sure of the situation in the US or elsewhere but in the UK (my understanding is) if you had that amount of money in a bank ...

50k Account..2% Risk..Would you keep the full 50k in the account?

Well it certainly would be good practice to read the entire thread but honestly the core components of Jacko's method are contained on the first page. The only major addendum is that the trailing stop is currently 100 pips (not 50) due to increased ...

Jacko's Forex House of Pleasure and Pain

11 May 2009 — Trade Update My E/U long position from 6th May is still open; stop loss currently at 1.3500 (+200). My G/U long position from 7th May got stopped out today at 1.5100 for 100 pips. I now have another long position open from ...

DanUK Simple EUR/USD Trading Journal 2009

End of April 2009 Results — April has been an interesting month for me. I fell into the trap of trying to enhance my "trading skills". So far this year I have had some success in trading. But I am still waiting for everything to come crashing ...

DanUK Simple EUR/USD Trading Journal 2009

Live Trade Signal!!! — Buy buy buy above this freaking huge hammer!!!! Just kidding!

Psych Levels, Pivots, and Trendlines - Resurrected

GBPUSD Trades — Good morning chaps, I've been scalping GBPUSD this morning for a few pips here and there prior to the news release later on today. I've also started using the xx20 and xx80 psych lines, which so far I haven't really paid much ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi markmm, I was looking at the BUOB on E/U tonight... I see it engulfing Friday's bar (Sunday's don't show up on my feed). Are you sure that it's not engulfing Friday's on your chart (looks similar to mine)? If it closes as a BUOB then it closes ...

james16 Chart Thread

Click! You got it!! Perhaps that is in fact the much sought after holy grail... patience!!

james16 Chart Thread

I like it! It's a good looking bar on my feed, open and close well within the previous bar and within the first third of the pin. You mentioned the 1.3300, 50% fib and trendline which all look good. Worth a trade in my opinion! Regards, Dan

james16 Chart Thread

Hi, That's ok I don't mind sharing... basically my thinking is that when the A+++ trades break, they tend to break pretty hard and fast so it isn't always necessary to have a stop loss right at the other end of the price action setup. Please have a ...

james16 Chart Thread

Thanks again, Jarroo - perfectly clear to me now! I like your stop strategy; it gives me more confidence in the strategy I am using (which is very similar)! I always used to put my stop at the top of the setup but as has been mentioned here before, ...

james16 Chart Thread

Thanks for the info, I agree with you about managing risk. But can I just check (sorry to keep pestering you) - did you mean that your initial risk would be 30/40 pips or that your initial risk would be (for example) at the top of the price action ...

james16 Chart Thread

Wow Jarroo! Really? That's like at 1:10(ish) Risk to Reward ratio. Am I understanding what you said correctly? If so I need to pay a lot more attention to you!! (Not to say I don't pay attention that is!!) I have been playing around with using a 100 ...

james16 Chart Thread

Oooh yeah, they were shooting stars rather than hammers I think!! Dan

Psych Levels, Pivots, and Trendlines - Resurrected

PS… Did you notice the bearish engulfing candle (a little later) straddling the 4/8 level that would have been a good trade back down to the 3/8 level!? I missed it but thought it worthwhile noting![/FONT][/COLOR]

Psych Levels, Pivots, and Trendlines - Resurrected

Hi mate, I'm not an expert on the MM levels so I can't quite explain the geometry of it but you can use different timeframes to display different levels. Kind of like saying, these are my s/r levels drawn from a weekly point of view and these are my ...

Psych Levels, Pivots, and Trendlines - Resurrected

That's a good point EV, thanks! Lol... I love this quote, it sums up the way I feel about this thread too! It's a hidden gem! The guys here are so helpful and there's no big egos or salesmen either which is very refreshing!

Psych Levels, Pivots, and Trendlines - Resurrected

Murrey Math Lines — Good afternoon all, Bit of a slow morning today, marked didn't seem to be moving much. That has all changed now! I often keep an eye on the Murrey Math lines (as previously discussed by Islander). Attached is a trade based ...

Psych Levels, Pivots, and Trendlines - Resurrected

EURJPY 15m — Evening lads! Been very busy the last couple of days so not had much chance to keep an eye on the lower timeframes. Managed to catch a nice move on the EUR/JPY 15m as shown on the chart... It's one of my favourite trades; when the ...

Psych Levels, Pivots, and Trendlines - Resurrected

27 April 2009 — Current position on EUR/USD is short @ 1.3225 (as per attached chart) GBP/USD sell @ 1.4600 (from 22nd April) was closed out at 1.4500 (for 100 pips, also on 22nd April).

DanUK Simple EUR/USD Trading Journal 2009