it might work but im not sure. In a ranging market, when you know the upper and lower boundaries of the range, the approach is theoretical simple, sell at the upper boundary and buy at the low boundary. To be honest I didnt do this during the range ...

Part Time Wealth Building Trading System - Daily Scalping

Well, the same happened for GY with the 239.60 barrier, it held for a few boring weeks but then it broke. Saying that it will fall its an obvious fact, because it will make some retracements, as until now GY didnt make any serious retracement on the ...

Daily GBP/JPY analysis

This is what I said before too. GBP JPY has been ranging for almost 2 months, and it was damn obvious. The last days were really painful. This system is for trending conditions, and that is why you need a little brain to realize that you cant use ...

Part Time Wealth Building Trading System - Daily Scalping

I hope everyone made some profits yesterday. I entered as usual at 23 GMT around 240.10 and I rode it all the way up to 241.80 (Monthly resistance), so I can say I recovered almost all the losses for May now. Recently Im starting to think about ...

Part Time Wealth Building Trading System - Daily Scalping

Want to thank to cesarnc and all the other deep buyers for teaching me to go with the trend. Havent made such a good profit for a long time Gozilla is back to life again. Wonder where are the furios sellers now?

Daily GBP/JPY analysis

can someone please enlighten me and give me a short reason why hunting tops for sell is a good strategy here, and why it wasnt back to 239.60, which has been resistance for one month? Why will it fall from HERE and not from 241, for example? Of cos ...

Daily GBP/JPY analysis

you have a good point here. I thought about this too, but for the beginning I just want to bank a few profits by using possible TP. Maybe in the future, if I improve my trading using this strategy, I will open 2 lots, one with a Tp and one with TSL. ...

Weekly Charts Trading system-picking tops and bottom

it depends on how much time it will stay there...I hope it wont fall like a rock back to 239.50. Hold Gozilla hold.

Daily GBP/JPY analysis

just opened a champaign

Daily GBP/JPY analysis

According to Jacko's strategy...would it be ok to go long now on Euro? seems like a bottom to me, but I also thinking whether to wait until price reaches either 1.3500 - round number or falls back to 1.3400, a 50 fib level of the last up move? How ...

Jacko's Forex House of Pleasure and Pain

Hey thanx a lot Hello, I took the short on Euro Chf, at 1.6560, with 60 stop and 60 TP. I believe it can at least achieve this target. What do you think about Eur usd and Gbp Usd? Eur Usd seems to be a good shorting opportunity, while GU seems to ...

Weekly Charts Trading system-picking tops and bottom

Yeah, as i mentioned above, I will trade with 0.1 lots, so I can afford wide losses.

Weekly Charts Trading system-picking tops and bottom

I took a look at a few of the pairs... in my opinion shorting on EUR CAD seems risky, because the first Fib retracement level is quite close. It could go until 1.6520 maybe, but then it can turn back. On GBP USD, I see a clear downtrend, at least on ...

Weekly Charts Trading system-picking tops and bottom

Got ur point. Thanx a lot for the advices. I will go for daily charts, so stops around 50-75. Ill be posting some charts after I implement the setup. Do you still use the weekly to get the daily trend or rely on daily entirely?

Weekly Charts Trading system-picking tops and bottom

One more thing I want to ask you, Hello... Since the beginning of the thread, you changed your settings quite a few times,and also dropped a few indicators. Now I got confused...are you still using weekly or just trading following the daily signals? ...

Weekly Charts Trading system-picking tops and bottom

Hey Hello1234, Im also very glad you are back. Im mostly interested in your system coz I decided to shift from the boring and risky intra-day trading, which brought me mainly losses. Im really looking for a day trading system that works, I spent a ...

Weekly Charts Trading system-picking tops and bottom

looks like every dip on GY is a good buying opportunity...still wonder when will it push forward...damn...this ugly range is a deja-vu from october last year.

Daily GBP/JPY analysis

crazy dollar buying. Im short on both EUR and GBP since last Thu. Wonder who will GY follow?

Daily GBP/JPY analysis

Tkimble's strategy was designed to work beautifully during strong trending periods. If you look now at a GY daily chart, you would see that the pair is in a horrible topping/range situation so better wait until you see a clear trend developing on ...

Part Time Wealth Building Trading System - Daily Scalping

what lesson can u learn from such a meaningless move down and up?

Daily GBP/JPY analysis