I look at the 4H & Daily. Mostly the 4hr.

Jacko's Forex House of Pleasure and Pain

I see that. I stay on 4hr and Daily time frame. The last leg off the 4hr time frame puts the 50% around 1.4060 ish. Breaking through the 1.42 will be a good test to see if we can go lower I guess.

Jacko's Forex House of Pleasure and Pain

Hard call. Strong down trend, maybe due for a retrace. I can draw 50% fibo around the 1.10 round number. So maybe pull back to 1.10 - 1.20 before going back down? The 38.2 level looks like a minor PPZ as well. Hard to say...

james16 Chart Thread

Well, I believe you can also just play the round number if it is in a strong up move for example and not wait for a retrace. I'm still new to this method. The trend has been strongly up, so I don't know how far it will pull back. First target I'm ...

Jacko's Forex House of Pleasure and Pain

Interesting. Another thing I heard was the IMF was going to dump a bunch a gold on the market and drive prices down.

Gold Discussion

If the trend is up you can enter at a round number, so from 1.400 enter at 1.41, then 1.42, 1.43, etc, etc.

Jacko's Forex House of Pleasure and Pain

Sweet, it's out of beta and live. Very cool.

james16 Chart Thread

Well said.

james16 Chart Thread

I think we are all just waiting for the Euro to tip its hand and decide which way it wants to trend I guess....

Jacko's Forex House of Pleasure and Pain

Yes, this is what makes a market! Some say up others day down. I'm willing to learn and grow, look forward to your analysis.

Why There Will Not Be A Dollar Crisis!

Well that explains the mess we are in huh? All these people were taught and trained the same way. LOL

Does going to an Ivy League help you become a good trader

I forgot were I heard this, maybe it was Jim Rogers. "If you are smart you can learn to trade in 1-5 years, if you are VERY SMART 5-10 years". People that will become successful traders will make it regardless if they went to Ivy Leauge or not. Why ...

Does going to an Ivy League help you become a good trader

Just because the anticipated crash hasn't occurred doesn't mean it won't. The dollar can probably go for decades, but not forever. Every fiat currency that has ever existed has failed. Unless, "this time it's different". Interesting article. I agree ...

Why There Will Not Be A Dollar Crisis!

Yeah, I'm leaning towards waiting for a retrace and see if any price action develops for a long.

james16 Chart Thread

GBP/USD — GBP/USD. Not the best looking bar, but nice location. I'm 50-50 on this one, so I might pass since I'm not 100% sure. But a buy on a retrace (with good price action is in the cards). My take...

james16 Chart Thread

Now that is funny. I have a few trades left in my account and I maybe back to demo. What is interesting now that the account is low is that I'm totally hanging back and waiting for the A++ trades. Funny how that works, but it's kind of cool being a ...

james16 Chart Thread

Have you been through babypips school? Depending how 'new' you are I suggest you go through the classes at least twice. Also under Rookie discussion here at FF you should read all the sticky articles as well. And on TOP of all that read this thread. ...

james16 Chart Thread

The volume on this is really loud, it almost blew out my speakers. Just a warning to all. Looks like a great find. Thank You.

Silent Service Method

NICE POST. I like the stuff about the long term sellers and buyers and how the day traders (short term buyers / sellers) are the middle men between the long term traders, so to speak. I'm still trying to grasp the concepts of the initiative and ...

CBOT Market Profile

Thank you.

Metatrader - Periods