Simon, I've got an awkward solution, that may work if all else fails. When you place a trade on Oanda, the order window calculates your SL in USD, as you change the "units" (lot size) of your trade. I love this feature because I locate my stop ...

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Whitegoodman, Excellent input as always, a question, Didn't you take that eur/aud short several weeks back, and are you still in it? It looks to be the gift that keeps on giving.

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This is something I recently realized I am totally confused on, and so I am printing it out and putting it next to my desk. Hopefully when I use convergence/divergence in the future, I will be reading it the right way. I'm putting it up just in case ...

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tonight's menu.... — image image image

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Don't forget, tomorrow's NFP Friday. I currently have 3 trades open, and will not add any new positions until Monday. For those of you who are curious, I am short: Eur/Gbp @0.8637 stop @ BE +30 Gbp/Cad @1.8177 stop @ BE And I got a little aggressive ...

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Technical Analysis

Jacko's Forex House of Pleasure and Pain

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Just my own recent observations on this, but I notice pins often form at the end of the NY session, and some pairs trade hardly at all during Asia, so there can be several hours before the London traders even get to have a shot at breaking the pin, ...

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JoeT, You're right in that as traders we get paid to take risk, but in regards to that last sentence, I see positive pips everywhere, but I don't see high quality entry PA everywhere, so just because something is moving, doesn't mean I should be in ...

Jacko's Forex House of Pleasure and Pain

Nomask, Here's one I thought you might be interested in too. Depending on how the daily candle closes, of course. image

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Not bad for your first post. I will be printing it out and doing a proper checklist. Nice work.

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Just got spanked out of my nzdusd trade...bugger. what's 1/2 % amongst friends....LOL.

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I set a TP (first time in ages) at .6600, 50% of swing HL fib. I've gotten burned expecting too much out of 4H PA, so I'll set the bar low. It's still to early to move my stop to BE, and it's 1 AM here, so I'm going to bed, stop above the pin, find ...

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anybody else take the 4H pin short on nzdusd? I don't expect it to go far, but it is going. Just too pretty.

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My bad...I was trying to be funny, thanks for the reminder CW. Apologies to eswap0.

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conflicting opinions..... — Hey eswap0..... I hope you lose (I mean that in a nice way). (Or that I get a retracement and some nice PA to add to my position) image

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Thanks coop, I think I like this idea, but maybe with a lower percentage.

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Long? Because it's been fighting to break for several months, and has succeeded. And if 1.43 doesn't hold? Well then, I won't get my PA, and therefore won't enter long, so I'm cool either way. I won't be entering a blind long at 1.43, I will look ...

Jacko's Forex House of Pleasure and Pain

about f**king time. LOL. — image

Jacko's Forex House of Pleasure and Pain

I have a question for Chris or anyone else who feels like answering. Do you have any rules regarding a maximum number of open trades? To clarify, last week I ended up taking three trades, as this new week opened, I was uncomfortable contemplating ...

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