As I posted in a chart earlier.....the EUR is STILL in an uptrend. Jacko knows this, and so does anyone that trades his system. (In theory at least.) The truth is that his system has been getting some drawdown lately. IF YOU DIDN'T USE AT LEAST SOME ...

Jacko's Forex House of Pleasure and Pain

Yeah - Actually, it is a classic set up for a James16 trader as well. This is the kind of set up that you take, and sit on for weeks and weeks..... It might fail....but as I look at what happened today - I feel good. Clockwork

Jacko's Forex House of Pleasure and Pain

the big picture — just something to consider

Jacko's Forex House of Pleasure and Pain

Interesting.... My broker hasn't changed it at all.

Why I get negative interest when I long G/J?

Uh.....you forgot this final post: indicators + price action + experience + = lol

Why Indicators will fail you

Well the first thing I would say is that if it's to try out a system....that's what demo accounts are for - less painful too! Some of the others have said that there are ways to average down and trade. I am going to regret saying this because ...

Averaging Down

Well....that, and the fact that there hasn't been anyone on the other side worth voting for as well.

Why Indicators will fail you

The answer to this is simple: It's ego. It was your ego that wouldn't let that trade end as a loss. Sooner or later, you found that it was too painful to be in it any longer, at any cost. Sucks, but that's one way to learn it. The is not a ...

Averaging Down

The biggest problem is most miss the point. — There are a few universal truths that I have found: 1) Indicators are crap. However, if it works for someone, that's all that matters. 2) Most people are so worried about micro-movements that none ...

Why Indicators will fail you

Pete - I am not a Jacko trader, but follow this thread quite a bit. I myself, am a James16'er. (In fact, I am a instructor these days.) However, I say congrats on your discovery. Jacko's thread and methods are respected by James and the rest of us ...

Jacko's Forex House of Pleasure and Pain

Recently, I proved it is possible to fall up a flight of stairs. It turns out all you need is several Captain Morgan's and Cokes. Does that count?

I never proved anything

Well, that post was like a little ray of sunshine.

I never proved anything

TOUCHDOWN!

Silly Trader... When will you learn that fundamentals are the only way to trade?

Possible. But there are many other considerations to take into account as well. While I certainly would not want to discourage you, there are some things I would ponder first: 1 - How are you going to feel about "real money" instead of the fake ...

james16 Chart Thread

This is really generous. And dare I say.....sounds desperate? "Pending NFA Approval" and giving away 8% returns. Now if only they were based out of some cool place like Beirut, we'd be talkin'! Clockwork

should i open an account at fxcm or fxdd or somewhere else

I would venture to say that this all comes down to these clowns using the same dealing desks. Yes, dealing desks. Lehman Brothers, DB, Citibank are all part of IBFX's clearing. Considering that these are some of the largest dealing desks that I know ...

Ibfx,fxcm,saxobank Chart Comparison Everyone Read This

I agree 110%. Just remember, there are countless ways to make money grow. Don't put all your effort into just the Forex market. Bonds, stocks, ETFs, drug running ventures, gun smuggling....hell, there's money to be made everywhere! Try not to be ...

Is forex the best investment?

This brings up a interesting point. — There seems to be a lot of confusion with traders on how to exit trades. Although there are a few different ways I can think of off the top of my head, there is one golden rule in my opinion.... Never, ...

james16 Chart Thread

You guys have missed a moajor point. — Let me tell you what Jim would say about what I am seeing: "Get good at weekly and daily charts before moving down in time frames." In other words, those 1 hour charts are not very valid most of the time. ...

james16 Chart Thread

KissFan....(Should be thinking Maiden truthfully.) You are correct, this is a GREAT LESSON. When we start out, we get nervous when a trade doesn't take off for us right away. But Mr. Trend is correct, (He always is.) that the IBs afterwards helps ...

james16 Chart Thread