History repeats itself... today NFP was near to kill my S/L in a counter trade I started yesterday... I widened up my spread to 200(!!) and so to a Risk of ~5% which really saved my day (S/L 100 would have been hit) because I was sure on the trend ...

Jacko's Forex House of Pleasure and Pain

I guess your drawings are not bad. Anyway it is best to use higher TF Fibs. In the current market H4 may be a good choice, but also daily works for me. For uptrend Fibs I am using bottoms and terraces showing up within a price consesus. From these ...

Jacko's Forex House of Pleasure and Pain

Yes, you are right. But who would have known this move yesterday? It was not anything that could be described with "normal behavior". News are like this these days. You can't get each and every move. You need to have a system that works out. If you ...

Jacko's Forex House of Pleasure and Pain

4165 currently... Patience is the way to trade. 4100 is between the higher TF 50-Fibo at 4000 and the latest lower TF 50-Fibo at 4200... Reaching 4000 could be a hard game, so catching the knife on its' way up at 4100 may be a more practicable way ...

Jacko's Forex House of Pleasure and Pain

...and will get back to around 1.4000

EURUSD

If you make a 500% winner

EURUSD

This is talked about at many places, but it is not a matter of weeks or even months to change this system. The most important goods are still traded in USD. And Forex is about balancing globalization and economy of the countries. It may take some ...

Jacko's Forex House of Pleasure and Pain

It seems to me as the nearest Fibo around 3880 holds the retracement pressure. Can't see the price would really like to break through it. Currently it touched and/or pinned it already 3 times in H4 since yesterday and now the market ranges above the ...

Jacko's Forex House of Pleasure and Pain

Yes, I see, but there are also 2 other possible levels before 375x... Currently the beginning US session reverses the london session, so I'll sit and wait how it plays out. Made already some good PIPs shorting 3 times from around 4000 and now closed ...

Jacko's Forex House of Pleasure and Pain

Hmmm... how did you manage to get this fixed level? While watching the current market I've already seen a bit of slowdown. Personally I would not wonder if the retrace takes a soft landing around 3800 or slightly above this mark followed by some ...

Jacko's Forex House of Pleasure and Pain

Zoom (lense with plus sign) to the maximum, then zoom out 3 times (on the lense with the minus sign). This should be the 300 bar view.

Jacko's Forex House of Pleasure and Pain

It is not that easy. If I am still in the game and lately did some good trades, I feel profitable. I do not know that I am whiped out of the market next week, so I feel to have the right to write here. This way we could leverage the amount of ...

Where do all your forex profits go to?

Weekly TL? — Hi! Does anybody else see this weekly TL which has recently broken? It is currently located more or less at 3900... image

Jacko's Forex House of Pleasure and Pain

Muhahaha!! You're that right!

Jacko's Forex House of Pleasure and Pain

I don't think so. Just a feeling while watching the charts and resistance levels. Bulls are running for a week now. It's time for having a fresh steak.

EURUSD

WTF? Did you shorten this pair too early?

EURUSD

Hi LJ, thank you for your kind advice. I also thought about this and found a pure technical method at url But I decided to follow Jacko for a while now. I just wanted to extend my mind a bit and test the possibilities with jackos method on other ...

Jacko's Forex House of Pleasure and Pain

Yes - as all the major currencies are related to each other. Jacko trades EURUSD only, because it is the most trendy pair and as well the biggest market (the "supertanker") of all pairs. In my case I would like to have more opportunities and more ...

Jacko's Forex House of Pleasure and Pain

Hi Dan, thank you for your reply. As I am very fresh in Jackos' 2nd group I currently follow his trades to understand his system. But today, I placed a sell order on EURJPY just 20 Minutes before Jacko placed his on EU. This was such a feeling of ...

Jacko's Forex House of Pleasure and Pain

Questionnaire on jackos' Philosophy... — Since a month I am trying hard to follow jackos' method. I found there are some different psychological things that come into play when trading his style. Personally, the biggest test is to sit and ...

Jacko's Forex House of Pleasure and Pain