Well looking back at my log I was in at 1.42 but tightened up my SL at the top of what was then the trading range. I cashed in 200+ pips but have been on the sidelines ever since. I guess that I am frustrated and just want to work the system ...

Jacko's Forex House of Pleasure and Pain

To add to the countertrend chatter: Is a countertrend trade still the most probable trade now as we ease upto and bounced off of the resistance line of 1.4715? I agree and can see that the current trend is up but what is or would have been an entry ...

Jacko's Forex House of Pleasure and Pain

Overbought or moved up too far, whichever. No MACD or RSI just that this is working on day 9 or now maybe 10 of upward movement. I would think that there would be some profit taking soon. I am thinking in the 1.455 area. That is just a gut feel ...

Jacko's Forex House of Pleasure and Pain

Any thoughts on when to jump ship on PA coming back down to 1.44 or so? Or is it so overbought now, (up 10 of 11 days, 9 in a row) that the odds of it coming down is all but certain?

Jacko's Forex House of Pleasure and Pain

Pin Bar???

Jacko's Forex House of Pleasure and Pain

I agree that the market is set to move down but at what point would you abandon the thought it will return to 1.44 and start going long from the current levels?

Jacko's Forex House of Pleasure and Pain

I move my sl to be also. So would 1.45 be the new entry point to go long? Or should we expect it to fall further?

Jacko's Forex House of Pleasure and Pain

the short entry? I would think the short with a t/p at 1.450 wouldn't be Jacko's style. I though Jacko's style was only with the trend and no target profits, just let the position run until the TS stops it out.

Jacko's Forex House of Pleasure and Pain

Makes sense... My money is the short order for now.

Jacko's Forex House of Pleasure and Pain

what is your SL?

Jacko's Forex House of Pleasure and Pain

@madpommie and @narberth Thank you both for helping me understand, I have some basic knowledge but now I need see it used practically and successfully. So now we wait.

Jacko's Forex House of Pleasure and Pain

noob still learning. — So let me see if I understand this correctly, from your post and several others in the past 24 hr or so. Since the E/U has broken thru the upper trend line (8/3-8/27) @ 1.4380 there is a 75% chance that it will bounce ...

Jacko's Forex House of Pleasure and Pain

Well my bankroll is still a little short so each trade is kinda large % wise. I see now where it broke thru the trend line. I am working off a daily chart as FXCM only has 60 min and daily. Very odd. My upper trend is: 1.4334 on 6/3 1.4444 on 8/3 ...

Jacko's Forex House of Pleasure and Pain

noob getting back in. — Why 1.4380?? I have been away from this thread for awhile now. Lost most of my bankroll "trying" to trade Jacko style. I was killing it for the 30-60+ days before going live and then jumped in around Dec 08 and was ...

Jacko's Forex House of Pleasure and Pain

I did back test, but I don't think my backtesting was very accurate. As i try to project forward I don't any steady income, mostly staying even or losing a little.

Daily 10% Breakout

I haven't but I think I need to.

Daily 10% Breakout

I have been trading Sundays, but I think it would be best to wait. I have been getting hammered on Sundays.

Daily 10% Breakout

@aelimian 1. "set a new order before each major session open". Do you use the original close at 11pm CDT previous day for this or the close of the last session?No for each new order I recalculate a new 24 hr range and use the most current close ...

Daily 10% Breakout

Yes.

Daily 10% Breakout

I use 10 or 11 b/c that is when I am going to bed and its before the London open. I have found that as long as you have your entries set before any of the sessions open then you should be good. I have tinkered idea with a second trade at TP with SL ...

Daily 10% Breakout