digitil, You can use the alert features if you platform has it. (MT4 does). You have to sleep in the same room with your computer though. I've read in another forum that you can program MT4 to send you an SMS. (I haven't tried that one). I hope one ...

Jacko's Forex House of Pleasure and Pain

Hi phoenix, I've read in trade books and blogs that the following steps/rules are very important and they have to be implemented in the order they are written here: 1. Try not to lose money (i.e. Money Management, a.k.a. Risk Control), 2. Create a ...

Jacko's Forex House of Pleasure and Pain

Hi again Bernard, As an engineer, I feel obligated to add one criticism to your suggestion, though. It's meant to be constructive, I assure you. Currently, people are receiving SMSs from Jacko directly. That means, Jacko and his SMS service provider ...

Jacko's Forex House of Pleasure and Pain

Bernard, I can see the merits of your solution: For some of us, it will make it more possible to use Jacko's SMSs, even if we are hindered by some of our lives' responsibilities. It's a very productive thought, and as such it has to be acknowledged, ...

Jacko's Forex House of Pleasure and Pain

mfoste1, All is explained here: url . Have fun!

Jacko's Forex House of Pleasure and Pain

I think you're right, User Name! I also think he has more than one crystal ball. One with the word "Experience" written on it. The other one with the word "Patience". I guess you have to have the first one first before getting the second one. As for ...

Jacko's Forex House of Pleasure and Pain

Hi Wayne, How do you do it? I mean waiting 'til the right moment comes to exit. I received your SMS last night and entered a short position following your trade. After a while I saw the market still going down as you predicted. It was such a good ...

Jacko's Forex House of Pleasure and Pain

Well, congratulations to you too! Also, would you be so kind and explain your strategy here so that people like me (i.e. beginners) would see a real example of what successful forex trading can look like? Thank you!

EURUSD

Wow! I have not seen ANYBODY doing 90% in 8 days. Congratulations! Would you be so kind and explain this in more detail? Thank you!

EURUSD

Hello mea (or should I say "Guten Tag"?), I am not quite sure what you are really asking. If you were a member of Jacko I'm sure you know his personal email address. Why don't you ask him yourself how he is doing, instead of asking this groups' ...

Jacko's Forex House of Pleasure and Pain

I'd like to add a technical aspect to this: When you use MT4 and set Trailing Stops, it only works when your computer is on and connected to the server of the broker. In other words, the broker's server does NOT know anything about your Trailing ...

Jacko's Forex House of Pleasure and Pain

Yes please! Will be much appreciated.

EURUSD

Dear coscorp, I want you to know that I appreciate your contributions. They are geared toward helping other people. Thank you.

Jacko's Forex House of Pleasure and Pain

It should be "expose" not "trade". You "trade" any amount but you "expose" no more than 2% (or 3%) of your trading capital on any trade to risk. Having said that, exposure to risk is controlled by your stop-loss. So, when you set your stop loss at ...

Jacko's Forex House of Pleasure and Pain

Thank you kodflakes.

Jacko's Forex House of Pleasure and Pain

I think your calculation is based on the mini size. When we calculate the number of lots, we basically have to find out how many times we can fit the Dollar value of our stop-loss pips inside of our max. risk. Since the Dollar value of pips depends ...

Jacko's Forex House of Pleasure and Pain

Hi deepsouth, Thank you for sharing your risk calculation spreadsheet. It looks good.

Jacko's Forex House of Pleasure and Pain

Hi kodflakes, Thank you for sharing your risk calculation file, but I cannot open any file in .xlsx format. Could you please put it in Excel 2003 compatible format (.xls?). Thanks.

Jacko's Forex House of Pleasure and Pain

Risk calculation tool — Hi everyone, I'm new to Forex and to this thread. I'd like to say that I learned a lot from Jacko's and other members' posts and I thank you all for that. (252 pips in 24 hours in demo account ) I have a limited ...

Jacko's Forex House of Pleasure and Pain