It finally seems that euro is gaining some strength and the european traders dont dump it like a piece of garbage. The TLs and Fib confluence at 4600 proved to be a good support, at least temporary. I am in at 4700 and for the first time maybe more ...

Jacko's Forex House of Pleasure and Pain

any1 else took it in the chin with the EY pin bar as well?

james16 Chart Thread

i havent. Im just dissapointed in the price reaction so far. I still have my stop is below the BUOB low and am also long EY btw. Im a newbie in J16 PA, so Im demoing all the PA formations until Im starting to get a feel for the A++ ones.

james16 Chart Thread

for euro usd we are currently sitting on 365 ema. I dont like the fact that its been tested for too long though. If it was a strong support, price would have jumped up from there. However, including the dark view of the europeans on the economy, I ...

james16 Chart Thread

you are completely right. Trying to buy cheap during the fall is pure suicide IMO. I did it and I got burned every time. Instead of trying to buy cheap, I should have looked at the Price Action and notice that there was no higher high, price was ...

Jacko's Forex House of Pleasure and Pain

difficult to say. if you enter at a cheap price such as 4650 , before it reaches 4850, you have the chance of entering at a discount price, but also a bigger probability of being stopped out. However, if you enter at 4850, you get in at an expensive ...

Jacko's Forex House of Pleasure and Pain

I agree 163 is the first obstacle, but if I take first profits there, I wouldnt get a 1:1 ratio. Where is your SL, Jaroo, if you dont mind me asking?

james16 Chart Thread

Bundy, great analysis. Although I was aware of all the "reasons" to take the EU long trade, the way you explained your thinking process enlightened me even further. Thanks and keep them coming.

james16 Chart Thread

my first TP is at 1:1 , 164.20. looking forward to it

james16 Chart Thread

here is my Pin Bar trade for today: EY, buy at break of PB at 162.50, stop at 160.80. Reason: it closed above PPZ, and touched the 50% of the big wave up to the pip. Anyone in?

james16 Chart Thread

It might be too early to call this a support, but I think tomorrow we can see if the 1.4700 area can be a good place for buys.

Jacko's Forex House of Pleasure and Pain

same here. looks like the EY will be stopped out at BE for the last lot though. im still in the UY and U-Chf long. not much direction this morning on the main pairs, but UChf has been a good one until now.

The DIBS Method... No Free Lunch continues

if you read the thread carefully, especially Peter Crowns posts, and have a look at the charts posted here, you will notice that we dont use any indicators to spot a IB, lol. an IB is a candle on the 1 Hour chart that has its high and low included ...

The DIBS Method... No Free Lunch continues

thats the reason for which PC left the FF in the first place. too many aggressive newbies asking for free lunch and without much will to learn by themselves. of course you can ask questions coz its a forum, but dont expect to always get the answer ...

The DIBS Method... No Free Lunch continues

just some challenging thing I found during my search for the next support. These 2 TLs and the 50% (plus 365 ema ) might give a good confluence for a bit of support and a run up. I even put a possible scenario there. Im not saying Im gonna buy but I ...

Jacko's Forex House of Pleasure and Pain

yeah great point. I keep forgetting that. Now the euro is at the 50% of Aug 2007 low - Jul 2008 High and it touched it to the pip. Lets see how it behaves here.

Jacko's Forex House of Pleasure and Pain

you made me gnash my teeth twice. nice trade. what Trailing stop did you use?

The DIBS Method... No Free Lunch continues

great points here, thanx. Well, I am still learning

james16 Chart Thread

well I think my above post cancels itself after todays PA. I will take a few more days break until the next support cheers everybody. P.S. I still cant imagine a market dropping 1200 pips without any retracement.

Trading Aussie Jacko Style

I think this discussion about failed pins is futile. Even though for some a pin might be good enough to take, there will always be someone saying well the nose is not so long, or my PPZ was above that pin so I didnt take it. Which comes to show ...

james16 Chart Thread