Hi Benji, Can you tell me why you prefer to use the rsi for divergence over the macd? Also, why have you adjusted the rsi setting to 6 from the default 14? I was thinking that, as Ryan uses this setting, that it may be more suited to the really ...

james16 Chart Thread

Hi Benji, I notice that you use the RSI set at 6 for divergence. Can you tell me if you apply this to all time frames? Regards, Kean

james16 Chart Thread

Hi, don't get me wrong, I am not having a go at Jacko, I am just trying to understand why so many recent trades are not in sync with the original lay out at the start of the thread and happen to have been dissapointing trades. Correct me if I am ...

Jacko's Forex House of Pleasure and Pain

Yes, I think both are essential. However, learning a profitable system/method is something that anyone can do...having the correct mindset to trade it consistantly and profitable is the biggest hurdle. It is crucial to be in the right state of mind ...

No Brainer Trades

I totall agree, the psychology has to be right in order to become a consistant and successful trader, whoevers method or whatever system is being used otherwise...only one outcome! Kean

No Brainer Trades

Hi, Yes I think you are right, I am starting to see that there are two things going on...Jacko's trading method (Great) and what Jacko is actually trading. Kean

Jacko's Forex House of Pleasure and Pain

So...does that mean that you don't know why Jacko is still trading the 4h charts? I do understand the rules of trading outlined in the first page etc. Jacko moved to the 4 hour charts because the markets became more volatile. Now that the markets ...

Jacko's Forex House of Pleasure and Pain

Can anybody tell me why Jacko is still trading the 4 hour charts? Volatility has been much lower for a good while now...surely we should be trading daily charts???

Jacko's Forex House of Pleasure and Pain

Thanks forexmick, most helpful... Kean

Jacko's Forex House of Pleasure and Pain

Thats interesting, so what size SL have you found best for cable and the ausie and do you trail or keep a fixed SL? Also, are you on the Daily or 4H with these? Kean

Jacko's Forex House of Pleasure and Pain

Hi, Have you found trading cable to be more or less successful than euro? What adjustments have you made for trading cable? Regards, Kean

Jacko's Forex House of Pleasure and Pain

Hi turnip15, Oops, sorry about that, I assumed you were talking about the euro. Do you trade Jacko's method on many other pairs? How do you find it works with other markets? Regards, Kean

Jacko's Forex House of Pleasure and Pain

[quote=TiaForex;3132292]Everyone morning I wake up and read the thread. The second is psych. People (like me) are guilty of not being profitable on one method/style and assuming that adding a new style to the arsenal will get them over the hump to ...

james16 Chart Thread

Hi Pipalicious, Yes your chart shows trend direction change well. And so, as the support trend line on the current euro chart was never broken...we therefore never come out of the bullish trend. Kean

Jacko's Forex House of Pleasure and Pain

Hi Dan, I totally agree with you regarding the trend direction. I think that, over the last 300 bars, we had a retracement starting at the 23rd September. I think some people saw this as just a retracement of the current bullish trend and some ...

Jacko's Forex House of Pleasure and Pain

Hi, If you zoom out on the 4H chart so that it shows the required 300 bars, you can clearly see that the trend is rising from mid August, the point at which Jacko starts his rising support trend line. Kean

Jacko's Forex House of Pleasure and Pain

Hi, I know what the level for the AH trade is...I am just not sure if it should trigger if it gets up to that level. We can not answer this question unless we know if the last trade was with trend or counter trend. It looks now and always did look ...

Jacko's Forex House of Pleasure and Pain

Confused! — So, now that this most recent trade has failed, do we apply the anti-hedge or was it indeed a counter trend trade after all?

Jacko's Forex House of Pleasure and Pain

Hi, Well, this method works when the markets are trending. And they are, but the trends are shorter than they used to be (and much more volatile). So, do you mean that as the trends are now shorter than they usede to be that we should be ...

Jacko's Forex House of Pleasure and Pain

Hi, I totally agree, if I look at the 300 bar 4H chart, I can most definitely see that price starts in the bottom left corner and has almost made its way to the top right corner. I am sure that, if the five year old entered the room, he would say ...

Jacko's Forex House of Pleasure and Pain