Its friday. Volumes of trading tend to slow. So market is not moving anywhere. I also believe move down has lost some serious strength and we maybe for a correction. Since its friday I'm not opening any new positions today. Unless we have a sudden ...

zoopy's trading journal

If it really doesn't have save feature I would sugest to you to leave it empty for just basic picture and open a demo with MT4 and make your indicator graphs. I have demo MT4 wich I use just for charting, and I have FXCM platform wich is ok and use ...

zoopy's trading journal

More on AH regarding current market conditions — If I would have had AH picked up by the market, and market would drop causing me drawdowns I would not place anymore trades, therefore there would not be new AH orders waiting and therefore I ...

Jacko's Forex House of Pleasure and Pain

First of all, you have to be carefull picking trades, and you will have less AH to worrie about. I wrote earlier, that the more you expose yourself to AH, the less it's going to work to get your losses back. You have to wait atleast 50 pips from ...

Jacko's Forex House of Pleasure and Pain

If you want a reason to enter the market, you will always find it if you look hard enaugh. Didn't all of you who are trying to catch a falling dagger since 1.5900 learn anything? This falling move didnt' even have 100 pip retracment yet, before we ...

Jacko's Forex House of Pleasure and Pain

Nice going zoopy, keep it up. Thought On your last line graph where you have a possible support at 1.5600 if you look at candles, they have made it down allaway past 1.5550, down to 1.5510 to be more precise, and closed at 1.5600 so all this period ...

zoopy's trading journal

Maybe I got up not in my best mood today. I'm sorry for my toned language like raz has noticed. I did not mean no harm. This is my last post today. Thanks for the heads up raz and for a spelling lesson Good luck for those that are in a market.

Jacko's Forex House of Pleasure and Pain

You should learn some basic concepts about trading. Thought if you know them already you should start following them because if you don't you will never make it. For example one of the rules in trading is - NEVER ADD TO A LOOSING POSITION . If you ...

Jacko's Forex House of Pleasure and Pain

He's paying for his patience lessons dearly. Unless its demo money so no pain = no lesson there. I also learned a lesson there, actually it just proved my theory that I wasn't sure off. "Don't bet against H4 bearish candles" thought it just cost ...

Jacko's Forex House of Pleasure and Pain

Wow, news from Germany came out a little worse than expected and market plunges. Looks like everyone feels the market is overbought. Probably sitting out for the rest of the day. Trichet is going to speak in 4 hours... that might bring market even ...

Jacko's Forex House of Pleasure and Pain

I c . I had developed a system some time ago about buying at new highs on daily. It works quite well. thought Jacko method is about buying CHEAP or in other words buying in correction of the market. Also I think Jackos method is better, but it's ...

Jacko's Forex House of Pleasure and Pain

Wow , what a fight between bulls/bears .

Jacko's Forex House of Pleasure and Pain

Care to explain about those swings? Hard to take that into consideration when you have no idea of what it is

Jacko's Forex House of Pleasure and Pain

I very well remember how jacko missed to send us an entry at 1.5350 , meaning he uses those xx50 's All I'm saying xx50 have as much or almost as much as xx00 . Thought maybe price doesn't test all xx50's like it doesn't test all xx00's .

Jacko's Forex House of Pleasure and Pain

My overnight buy order was triggered at 1.5850 and I'm happy with it. Funny, yesturday was only zoopy ant me thinking it will go to 1.5800 , today everybody.. crazy. I would say 1.5850 has as much of a support as 1.5800. I heard somebody mention in ...

Jacko's Forex House of Pleasure and Pain

I don't think he would. Him like I , would let the trade go and wait for another retracement to look for entry. Market has slowed down from that fast falling pace. I have a buy order at 1.5850 waiting.

Jacko's Forex House of Pleasure and Pain

As I said earlier. I'm waiting for 1.5850 , but looking at this accelerated drop I'm not placing buy orders and will see where this goes. With this momentum we could easily see 1.5800 , but if market turns around earlier I will enter at whatever ...

Jacko's Forex House of Pleasure and Pain

You must learn patience. Those arcade trades will slowly bleed you out. BTW : AH will not always return your losses. The more you expose yourself to it. The less effective it will be in returning you your losses.

Jacko's Forex House of Pleasure and Pain

1.5950 — Price 1.5950 offers great support. If price wasn't so high I would be definetely a buyer there. Being a buyer there just offers too small R:R ratio. Since I don't think we're going to go alot over 1.6000 without bigger retracement. ...

Jacko's Forex House of Pleasure and Pain

I'm seeing this going down to 1.5850 or even 1.5800 before going over 1.6000 I expected market blow through 1.6000 hard but it didn't, closed my longs and waiting for retracement now. I don't think we're gona have alot of buyers at that price...

Jacko's Forex House of Pleasure and Pain