Psychology is the most important in trading. Thats why is not good to try to estimate the market and think it wont go higher coz usually it does, when you least expect. I entered one more lot at 1.5650. Now I have 4 lots up and running it feels ...

Jacko's Forex House of Pleasure and Pain

This was my first really profitable move in Eur Usd. Thank you Jacko. I had a new AH position which put me in at.5576 and a buy order at .5600. I have now 4 lots opened and 2 of them at over 100 pips profit. My idea is that you should never ...

Jacko's Forex House of Pleasure and Pain

I have now 3 open positions on Euro: the initial entry at .5350, a resurrected soldier at .5400 and a new entry at 5500, to take advantage of the uptrend resume. All my stops have been moved to .5500. I decided to exit the first position at +200 ...

Jacko's Forex House of Pleasure and Pain

Acetrader, no need to apologize. I think your trailing stop strategy is interesting and can help us take advantage of the market momentum. As you stated before, we are here to all learn from each other, and I truly believe that your input is very ...

Jacko's Forex House of Pleasure and Pain

Amen to these, I will write them on my wall. Hey Acetrader, the price went up to 5456 before going back down again. I dont understand why you were stopped out at 5434. You trail the price by 20pips? And second, since you were stopped out in profit, ...

Jacko's Forex House of Pleasure and Pain

I am a buyer at .5350.

Jacko's Forex House of Pleasure and Pain

I think this week we have plenty of opportunities for the PA geeks. Euro is building a wonderful PB on the monthly - this might signal a long term reversal. Plus Usd Chf and Usd Jpy have just completed PBs on the weekly. I am a buyer at 1.0170 and ...

james16 Chart Thread

Yes, I exited EY at 153.50. Now waiting for GY to touch its first target, 195.30. I let second lot running freely because I believe this will go much lower. Thank you again, Daz.

Powerful Fib Based System - by DAZfx

hey arhemsi, my advice is that you focus on this strategy now it seems to be really profitable and easy to follow. maybe daz will explain us later his other strategies, but better focus on this one for the moment, until we improve.

Powerful Fib Based System - by DAZfx

You also use Jacko strategy? Thats nice. Im also playing around with it, however Im not quite sure how to trail my stops, because I believe 50 pips trailing for EU especially during this volatile period is a little too low, and you will get stopped ...

Powerful Fib Based System - by DAZfx

well, both EY and Gy played good until now. I jumped in short for GY at 197.35, stop above the spike at 198.45 so SL 110 pips, hence my target for 1 lot is 196.25. Closed 1 lot for EY at 100 pips. Thank you Daz.

Powerful Fib Based System - by DAZfx

thank you, Daz. Love your method, if you practice it a little, is really simple. And it uses only the basics of trading, no fancy indicators. Third, if you look on 4H for GY and Ey you can see how this method plays out incredibly well, with large ...

Powerful Fib Based System - by DAZfx

hey mazdaz, i have the same swing with you now for GY. it made a pinbar on 1H, as you can see as well, so this is strong signal for reversal. However, GY is slow right now. I jumped in a short for EY, as you can see in the screenshot. Even if I ...

Powerful Fib Based System - by DAZfx

I have a problem with this system, unfortunately. Everything else is perfect, except trailing stop. I did some backtesting and trailing by 50 pips seems to take you out too early sometimes before a strong take-off. How do you guys trail your stops? ...

Jacko's Forex House of Pleasure and Pain

I think we will be positioning today for new shorts in GY and EY. Now they are moving against the trend, and soon should reach 61 or 78. Be ready to short them. Im waiting for GY to reach 199.50 which is also R1 for today.

Powerful Fib Based System - by DAZfx

I will try to answer to this question, as it is a problem for me as well to determine the correct impulsive wave. But I tried to re-read everything Daz said here and he actually stated very clear how to catch the last impuslive wave. First of all, ...

Powerful Fib Based System - by DAZfx

Hey Daz, thanks for your answers. I love your strategy, is plain and simple, so I definitely need to practice it. The last question I have is the same with Chow. How do u determine the trend for the 1H? Do you use 200 ema or smthing? Thanx.

Powerful Fib Based System - by DAZfx

hey daz, i also think that it would be nice to see some live examples with your fib strategy. thanx

Powerful Fib Based System - by DAZfx

the system looks great and using the basic tools of trading. My only question is why only 61 and why not 50 and 38 ? many strong trends retrace to 38 before taking off.

Powerful Fib Based System - by DAZfx

I am also really frustrated. I had a bearish bias the whole week, I lost money on the shitty up move thanx to the Fed. and now when it finally made the long awaited brake of the support, I wasnt there to ride it. DAMN! Another lesson about Forex: ...

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