i got in with a sell limit earlier today at 2683, pulled back close to my SL but came back down. i was up 16 pips and decided to close after reading about pullbacks, and the lesson today is 1. always just listen to your guy and 2. more importantly, ...

Jacko's Forex House of Pleasure and Pain

You find them by looking at support/resistance, fib retracements, or trendlines, and looking at the closest round numbers in those areas. Then its a judgement call whether you use the closest round numbers on top of those areas or below.

Jacko's Forex House of Pleasure and Pain

thanks, its from Mario Sunshine

Jacko's Forex House of Pleasure and Pain

was closed missed that target by 9 pips (this was around the 50 retracement from the large move down on the weekly charts) looks like a pin bar forming on the daily charts now, so possibly going back south in the next few days? had anyone played the ...

Jacko's Forex House of Pleasure and Pain

if it breaks its current resistance, we might see it going back up all the way to 4200 from the looks of the weekly chart

Jacko's Forex House of Pleasure and Pain

that trendline has confluence with the daily charts resistance as well, my guess would be a bigger move down.. but my track record so far for long term calls has been way off

Jacko's Forex House of Pleasure and Pain

looks like eur is trying for 1.329 or 1.33 with all these spikes lately

Jacko's Forex House of Pleasure and Pain

I'm doing a similar experiment myself, with random entry. My MM is TP = 5*spread, so for EURUSD TP would be 15 pips SL = TP - (TP / 3), so for EURUSD, the SL would be 10. This equates to around 1:1.5 or 1:1.3 risk ratio. Not sure if this helps you ...

MM needed for a very random experiment

I just realised I might have saved myself some bad trades had I looked at the daily charts, a few people posted that the eurusd was in a range, but I was fixated on the 4H chart and neglected to pay enough attention to them. Gotta love hindsight ...

Jacko's Forex House of Pleasure and Pain

too bad I didnt follow Jacko's Anti-Hedge fully, got too worried when eurusd kept going up, up, and up. today would have broke even on both trades and even ended up in profit of about 40-50 pips. still worried about placing new entries right now, so ...

Jacko's Forex House of Pleasure and Pain

I got stopped out too, sell stop placed at 2800 now

Jacko's Forex House of Pleasure and Pain

my 2650 sell stop from last week just got filled, put in another sell stop for 2700 we'll see how these play out

Jacko's Forex House of Pleasure and Pain

I'm just a beginner but from past observation this is how I think this week will play out. Price will continue down until about 2350 where it will then retrace back to 2500 and then continue back down. I figured this just using fib retracements and ...

Jacko's Forex House of Pleasure and Pain

I see it just missed my target entry by 13 pips, but price action still shows prices moving up so it just might hit my entry still. But being so close to the end of the week not sure. I'll keep the pending order open and see what happens.

Jacko's Forex House of Pleasure and Pain

I'm trying to look ahead a bit. On the 4H chart, I get the fib of the last swing high/low, the closest round number at 50% is 1.2650. The major trend has been down, so we would place a sell limit here. The only doubts I have are the fact that the ...

Jacko's Forex House of Pleasure and Pain

no trades taken today for me, spent most the day in the city yesterday so I ended up sleeping all night. however, doesnt look like I missed anything so not kicking myself. gbpjpy has a really good move going now, first trade would have been a free ...

The DIBS Method... No Free Lunch continues

Took 3 setups today, usdjpy, gbpusd, and gbpjpy. And as a bonus took sonic, billy's, and my wifes advice and closed out at 171 pips for the day. Doesnt seem like much on micro, but once I start doing this on mini's those small bits will add up fast. ...

The DIBS Method... No Free Lunch continues

those 2 trades did end in profit, but I had 2 usd/jpy trades that got stopped out earlier, and the first eurusd got stopped out. but yes, if I had readjusted those stops a little more I would have broke even or locked in profit for the day.

The DIBS Method... No Free Lunch continues

I was up about 200 pips today from the GJ and GU trades earlier, just got knocked out when prices dove the last hour. Ended the day at about -23 pips. I think tommorrow will be a much better day

The DIBS Method... No Free Lunch continues