I have to agree with both pipped's and angler's comments. We can find "reasons" for it to go either way. Or it could just consolidate and range for a while before making up its mind. I am the biggest loser when it comes to picking reversals, so I ...

Jacko's Forex House of Pleasure and Pain

stopped out at 1.3959. Market decided for me. Will place the AH at 1.3959 when/if price reaches 1.3909.

Jacko's Forex House of Pleasure and Pain

I generally don't mind holding trades over the weekend, but only if there is some breathing space between price and my entry. I could easily imagine price gaping down to my stop to close me out, before heading my direction again on Sunday. I am ...

Jacko's Forex House of Pleasure and Pain

On the bright side. Even if this trade fails, I'll only have one losing trade for the whole week. That itself is an improvement.

Jacko's Forex House of Pleasure and Pain

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Jacko's Forex House of Pleasure and Pain

Yeah, my order got filled while I was asleep. I waited all week for 1.40. The least I can do is trade the plan, and let the market prove me right or wrong.

Jacko's Forex House of Pleasure and Pain

Thanks for all the input everybody. So as some sort of "compromise" I altered the limit order from 1.4020 to 1.4011, price is currently 1.3999. I know that somewhere in the thread Jacko changes the SL and TSL parameters, but I haven't gotten there ...

Jacko's Forex House of Pleasure and Pain

I never quite thought about it that way. Thanks.

Jacko's Forex House of Pleasure and Pain

The problem I'm having is....50% of what? It's too easy to draw too many fibs, and then I'm just plain confused. I didn't take the trade at 1.4070, because I was away from the computer at the time. And I am not sure I wanted it. Being new to this ...

Jacko's Forex House of Pleasure and Pain

just to clarify: I choose 1.4020 because I saw what happened to all the folks patiently waiting for 1.3750, who got shafted by 30 pips. Maybe I'm being an impatient, aggressive, newbie. But if a wait an entire week for a trade, I would be very ...

Jacko's Forex House of Pleasure and Pain

LOL! Move decimal point two places to the left. 1.3600 is a distant 50%(see chart), if the LTL broke, I would probably also look for short-term longs at other fib points. I picked 1.4020 because of the slope of the trendline. It is a more aggressive ...

Jacko's Forex House of Pleasure and Pain

Hansnl, I was turned on to a piece of free software called "jing" by another poster here at FF, which works really well for taking very clear screenshots, and adding legible text. Just google it. It's amazingly easy to use, and doesn't require me to ...

Jacko's Forex House of Pleasure and Pain

News-trading seems like a very expensive subscription to me. I can read the NFP numbers right here on FF for nothing. If I have an open trade, and a news announcement is coming up, I will: A) widen the stop to stay in the trade regardless, because I ...

Jacko's Forex House of Pleasure and Pain

still waiting.... — Please let me know if these charts are too big, or just plain annoying, as most of the work done here is in text. I find it easier to convey my thoughts graphically. image image After Angler pointed out the validity of ...

Jacko's Forex House of Pleasure and Pain

Too right. What's another day?

Jacko's Forex House of Pleasure and Pain

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Jacko's Forex House of Pleasure and Pain

This is challenging for me since my "retracement expectations" are somewhat subconcious and based entirely on 9 months of only trading EUR/JPY. My daily shows heavy fib confluence around 138.00 and 140.00 both, but my unfamiliarity with the EUR/USD ...

Jacko's Forex House of Pleasure and Pain

oops — I misread coscorps post as 141.00, and thought he had gotten on board.

Jacko's Forex House of Pleasure and Pain

Nice. History has proven you right.

Jacko's Forex House of Pleasure and Pain

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Jacko's Forex House of Pleasure and Pain