I love Texas. I have a brother in Houston and a best friend in Georgetown. Im in CA. Here if you shoot an intruder, you better make sure he falls inside your house--even if he has to be helped a little--and be giving mouth to mouth recesitation when ...

Jacko's Forex House of Pleasure and Pain

In any case, Jim, we will be ready for whatever the market does. I don't care in which direction it goes, I just want to make money . I have no ego in the game. Where do you live that attorneys carry weapons?

Jacko's Forex House of Pleasure and Pain

Too cute! No, I mean I would probably use it on someone!

Jacko's Forex House of Pleasure and Pain

They may very well be wrong, but why dismiss them out-of-hand? 1.24 would bring price back down to the double bottom, which I find very interesting. Don't forget Europe is in alot of trouble. Maybe more than we are in the US. The Euro has not been ...

Jacko's Forex House of Pleasure and Pain

url

Jacko's Forex House of Pleasure and Pain

There is a ton of news about the troubles of the EURO out today and in the last few days. Morgan Stanley predicts it will go to 1.24 by years' end. Interesting..gives a big prospective.

Jacko's Forex House of Pleasure and Pain

Yes, what just happened was very interesting. I had two short trades going, different entries, both with take profits at 3700. TP was hit. +72 and +32. I have hit my goal for the week. Did anyone else make money?

Jacko's Forex House of Pleasure and Pain

My third trade hit my stop..left me with +4. I had a pending short order ready and am now up +50 again. That was fun!

Jacko's Forex House of Pleasure and Pain

I went away from my desk to get a cup of coffee, came back and wham, saw that hugh spike down. I think its good to know why the market does the things it does, although I also agree with Jacko who says we can't trade in antipication of the news. I ...

Jacko's Forex House of Pleasure and Pain

What a ride! I pyramided three orders long. All three triggered. First 2 orders yielded +54 pips. Third triggered just before the wild ride down and is negative 35. Hasn't hit stop yet, although has been flirting with it most of the day.

Jacko's Forex House of Pleasure and Pain

So, you are in a long trade too?

Jacko's Forex House of Pleasure and Pain

[quote=DanUK;3423985] Hi Dan--Yes, I understand what you are saying, but 1.4150 may be days or weeks away, if ever reached! I guess I am just a little more aggressive a trader... for while I am patient, I am not that patient. I don't find it ...

Jacko's Forex House of Pleasure and Pain

Hi BabeFX, That is how I see the trends also and it looks to me like we are in a downtrend now. That said, if there is a retracement period going on now and we are waiting for price to meet a certain level to go short again..I am going to try to ...

Jacko's Forex House of Pleasure and Pain

I don't know why Jacko believes price will go to 4150, but for me it looks like a major resistence level. Take a "clean" chart and place a line at that level and study it on time frames from monthly to H4. I think you will see it as a significant ...

Jacko's Forex House of Pleasure and Pain

EURUSD Daily

Jacko's Forex House of Pleasure and Pain

EURUSD H4

Jacko's Forex House of Pleasure and Pain

If you believe that there is retracement back to 1.4150, as I also believe is likely, why wouldn't you want to capture some of those long pips? I went long at 1.3925 and am up about 25 pips. I believe you may have a slight case of "analysis ...

Jacko's Forex House of Pleasure and Pain

I drew the Fib from low of 10/08 to high of 10/09 on daily chart and price is approaching 50% at 1.3700. That's why Im looking at that number for a bounce up. I have a pending short order at 1.3840. If it triggers great, if not..oh well.

Jacko's Forex House of Pleasure and Pain

You may certainly be correct that the market is oversold although I am not seeing it. I always love Sunday afternoons (PST) to see what is happening at the market open.

Jacko's Forex House of Pleasure and Pain

I agree with your downside area target of 1.3750 ish...although like I said earlier..I am looking at 1.3700.

Jacko's Forex House of Pleasure and Pain