For some traders there are far less than 255 trading days, and for others there are 365 (well, almost). Pips alone don't mean much. This is really just the common "why do so many traders lose?". There are many, many reasons, and that also answers ...

"Only" 16pips / 27pips a day...

The same can be applied to the flipside.

EURUSD

The market won't reverse a trend simply because of a weekly close below a moving average .

EURUSD

Out of interest, why do you have "going to make it by 21" as your signature?

EURUSD

I don't know why people believe in a Grail. It sounds like loser talk to me - hoping that one thing will fix everything and bring riches. This may be true for some (such as an otherwise great trader having poor money management), but most lack a ...

Do you still believe in the perfect trading system?

So basically, if price were to drop 70-80 pips, you're tipping it do drop an additional 40? Sorry mate, but that sounds like me suggesting that if it's hot in the morning, hot at midday, it will probably be hot in the early afternoon. Yes, but until ...

EURUSD

Some awesome stuff, guys, quite a few being saved for future use!

Trading Posters

There are plenty of lines around this point - fib, s2, S&R, pitchforks and a trendline.

AUD/USD

Depends. I can use either, depending on the surrounding price action. I think those who pick one or the other will often identify levels incorrectly.

[POLL] How do you draw S&R and trend lines?

I didn't say it doesn't, I said it doesn't if the monitor has decent resolution. After a point, resolution only matters if you have a lot of charts open. I only have 4 per monitor, so there's no difference between 1680x1050, 1920x1080, or 2560x1600 ...

Trading Station with Multiple-Monitors

Depends on how you view the waves of a chart, and how you define a trend. I look at the largest movement of a timeframe, but others may look at smaller movement. Group A of traders says the trend is up. Group B says it is sideways. They can't ...

EURUSD

That's your preference. Mine is 2-3 monitors. I also trade medium to longer timeframes, but I like having all my potential markets open and being able to see anything I want to at a glance. Resolution matters depending on how many charts you want to ...

Trading Station with Multiple-Monitors

Gator, that link of yours is a good laugh. Looks like he got him in the end - don't mess with a randy ass!

EURUSD

I know what you're getting at, but on the weekly for example, the trend is still up (under every definition), so someone looking at it from that perspective is correct when they say that. If someone wants to take that statement and apply without ...

EURUSD

quote=TraderT;3239437]Hi Jacko, i wish i knew all these theories don't work, when i first entered the markets. [/quote] These theories do "work", they're just not understood. They aren't theories anyway, they're facts. Expectancy is the mathematical ...

Risk Reward Ratio is not used for making money

The trend is many different things, depending on the timeframe. Did you come to the same conclusionfrom June until August? We've only had a few weeks without a higher high, and earlier in this uptrend there was a 2 month stretch without a higher ...

EURUSD

And I run a one trillion dollar fund.

EURUSD

Fun times, I'm staying up.

EURUSD

I'm obviously not Jacko, but maybe I can shine some light here. I trade the 4h and slower, and would only average a few trades a week. It's actually very relaxing, and suits me far more than when I was trading fast charts. Some traders prefer ...

Risk Reward Ratio is not used for making money

And with good reason. Still, I think anyone who properly trades support and resistance, or pays attention to it, will have a decent idea. I did some analysis of reactions to points of interest, and all it achieved was confirmation of what I already ...

Jacko's Forex House of Pleasure and Pain