[quote=madpommie;3015969] Not necessarily - you are correct that the .50 fib is used as a possible target area - but it can also be used at personal discretion as an entry for a trade back up (or down) to the TL where the first trade originated. to ...

Jacko's Forex House of Pleasure and Pain

4H mean the 4 hour chart - 300 is the amount of periods Wayne puts on his chart - thus in this case 300 bars (or candles) on the H4 chart

Jacko's Forex House of Pleasure and Pain

The one thing Wayne stresses all the time is never to risk more than 2%. How one wishes to subdivide -if at all - that 2% is up to each individual.

Jacko's Forex House of Pleasure and Pain

Technically, that wouldn't be totally correct as a TL with more touches to it tends to have major validity - the problem is the amount of time that validity will hold. However you are correct in that Wayne uses those parameters. Personally, I have ...

Jacko's Forex House of Pleasure and Pain

The hardest part is having the necessary patience (which is a key factor for any degree of success imo) to let the trade play itself out - the rest is fairly simple if one dissects how he trades. Personally I have found 4 threads - each of which has ...

Forex Mentors - The Best Investment You Can Make?

We've been in a ranging market which is why we have been buying and selling off the Trend Lines and the .50 fib - on daily some indication of a trend did begin from apr 09 which is long - but considering market conditions I would rely more on the ...

Jacko's Forex House of Pleasure and Pain

back to our friend...as far as I see it we're in no man's land (or for those with long positions open like yours truly - between a potential rock and a hard place). However the lower main TL is, on my H4 feed at 1.4128 and just above that at 1.4140 ...

Jacko's Forex House of Pleasure and Pain

if I may... I would advise to respect Jacko's wish for confidentiality....even if done with best of intentions - only he should be the one to post excerpts from the private area - imho. unless of course it was previously ok'd with him which would ...

Jacko's Forex House of Pleasure and Pain

Thank you Jigsaw - same to you. Peace.

Forex Mentors - The Best Investment You Can Make?

Guby while respecting your opinion and choice - perhaps Jacko has earned the support and respect he gets (and he's not alone here in the Factory) albeit at times I'll concede it can become quite vocal. just food for thought.

Forex Mentors - The Best Investment You Can Make?

pity - we had actually managed to get some decent debate in albeit views ultimately differed (we did agree on some points though)

Forex Mentors - The Best Investment You Can Make?

Well..I guess we can say it broke....

Jacko's Forex House of Pleasure and Pain

The trade off the higher minor TL today would have yielded 90 pips more or less...however now personally I want to wait and see whether the lower one will hold or not.

Jacko's Forex House of Pleasure and Pain

Thank you.

Forex Mentors - The Best Investment You Can Make?

For YOU - and that is perfectly legitimate as is Jacko's approach to the point it suits HIM. Precisely, and not only has Jacko adapted to the different market conditions as they have come along (ranging, increased volatility) - he has done so very ...

Forex Mentors - The Best Investment You Can Make?

Good for you - however just as you stated there are more ways than one to skin a... banana ( I love animals ) Again - simply a matter of personal opinion in many case regarding their productivity vs possible reward. Wherever did I say I didn't ...

Forex Mentors - The Best Investment You Can Make?

Just 2 things out of all that - if a person isn't knowleadgable and experienced what are the chances of him being consistently profitable - all the more so in a market like FX? I contend the 2 go hand in hand. Without experience and market knowledge ...

Forex Mentors - The Best Investment You Can Make?

Very well said.

Forex Mentors - The Best Investment You Can Make?

Precisely - thus the trader on the higher tf has all the time he needs to make a decision on what to do with his trade without sacrificing too much - if any profit he has already made. You've never had a trade go against you albeit everything ...

Forex Mentors - The Best Investment You Can Make?

I disagree - a trend reversal for someone trading off a monthly chart is quite different from someone trading off an H1. The person trading off the monthly has far more time to "see" that something may be occurring thus taking the appropriate steps ...

Forex Mentors - The Best Investment You Can Make?