Thoughts — The waiting is a big problem for me as well since I have traded short term & even some scalping along the way, but I'm trying to sit still & wait for those golden opportunities. Even thought PRICE IS TACKLING THE 5800 AGAIN, I'm ...

Jacko's Forex House of Pleasure and Pain

Jacko, I know what you mean as I'm in the same camp with you. Thats the only way to stay happy. Thanks for all you do for the members of this forum. AceTrader

Jacko's Forex House of Pleasure and Pain

Thanks Jacko — Jacko Thanks for the headsup & the added humor is great as well. There was a saying some years ago "When E. F. Hutton Speaks Everybody Listens" or something along those lines....Now we can say "When Jacko Speaks, Everybody ...

Jacko's Forex House of Pleasure and Pain

Takeprofit, Take comfort in deciding to close & lets wait for a better level to reenter. There is NO SHAME is being wrong & trying again. You & I are NOT ALONE, your just not hearing from the others. It does appear PRICE is hugging the 5800, but I'm ...

Jacko's Forex House of Pleasure and Pain

Out for Now — Out @ 5795 on 2 lots from 5820 = 50 pips loss. The first on this method. Out @ 5795 on 2 lots from 5720 = 150 pip gain. Not happy with this results, but still + 100 pips, so it COULD be worse. NOW, what next? For me on the ...

Jacko's Forex House of Pleasure and Pain

He did say he could be wrong & that is about to become apparent now. About time to tp it seems. If the 5800 fails to support on the next test, I'll reevaluate current trades & tp. I think JACKO gave a good warning on his last post. Ace

Jacko's Forex House of Pleasure and Pain

Good Entry — Takeprofit That is a good entry level, now lets see if we can visit the 1.5900 & above. Ace

Jacko's Forex House of Pleasure and Pain

Downside Pressure — I do not like the pressure on the downside that is developing @ this time. A break below 5800 would not be good. I just had a conversation with a trader friend & he feels the 5800 will hold for another move up, but he said ...

Jacko's Forex House of Pleasure and Pain

Timeframes — Bakuli Post 2803......Very well said & I agree. Smaller tf's are for daytrading & scalping, but for the Jacko Method 4H & up is what is needed. Tks for pointing that out to everyone. __________ AceTrader

Jacko's Forex House of Pleasure and Pain

Will 5800 Be Next — It seems Price just can't get away from the 5850 level after overnight reaching the high of 5876 on my platform. What is the next level & will it hold as support? Will 5800 be seen again before the trend resumes? These are ...

Jacko's Forex House of Pleasure and Pain

Takeprofits, I too see 5900 as strong resistance for now, but nothing is 100% in this business. What you have to do, is trade what you feel is correct for you & if taking profits is it, then so be it. My stop is in place & NO CERTAIN TP LEVEL SET @ ...

Jacko's Forex House of Pleasure and Pain

5800 Are we correct — I hope we are correct as I'm in for 2 lot @ 5820. Don't ask why 5820 or 5720 from previous longs......it just happens that way. Now let see what happens. Tonyo524....Great chart....clean & clear & yes higher highs & ...

Jacko's Forex House of Pleasure and Pain

Will 5800 Hold — Althought I'm already in @ 5720 for 2 lots, I am considering adding 2 more lots if 5800 gives a strong bounce on the next test. Price has made a sizeable retrace from the last high, but I had expect it to drift below the 5800 ...

Jacko's Forex House of Pleasure and Pain

Will 5850 now stall the move — I'm still long from 5720 for 2 lots, but Price seems to be struggling with the 5850 even after hitting the 5870 zone. Looking for 5850 to now stall the move short term, but you never know. I agree with those ...

Jacko's Forex House of Pleasure and Pain

Sini Those are good entry levels. Some pips should be yours on those. I'm watching for a posssible small correction @ 5850. Best trades to you. Acetrader

Jacko's Forex House of Pleasure and Pain

In overnight long @ 5720 for 2 lots. Using 50 sl for now. Waiting now to see how price reacts @ 5800. If price can clear 5800 momentum should increase. It appears some have been caught with positions over the weekend.....No Fear.....How often does ...

Jacko's Forex House of Pleasure and Pain

Lesterthecat, Purely discretionary for me. Will use the 50 & the 100 stops. At times the 50 works well, then there are times the 100 is the best. I hope this helps. Ace

Jacko's Forex House of Pleasure and Pain

5800 Holding — Ocean, The 5800 holding & the PIPS are growing. Keep stops in place & you Could Very Well See 1.6000 early next, but anything can happen. Just my humble views & nothing more. _______________ AceTrader

Jacko's Forex House of Pleasure and Pain

Your post 2688 — Trumpcard Thanks for the charts you post showing the FIBS. The answer to your question.......??? Time will tell. ____________ AceTrader

Jacko's Forex House of Pleasure and Pain

In @ 5750 — Ocean In @ 5750.......Have No Fear.......that is a great entry level. Should 5800 hold as support.....your gains will grown. Thanks for sharing. __________________ AceTrader

Jacko's Forex House of Pleasure and Pain