The Yen is kicking my a** today, and now the Euro is about to join the party.
I will let the Euro trade run its course, but I'm finished for the day.
-Sean
I will let the Euro trade run its course, but I'm finished for the day.
-Sean
Chicky's House of Pleasure and Pain 11 replies
Carry Backet w/ Jacko's AH 10 replies
Hello Guys is a pleasure to be here. I'm new to MT4 1 reply
Jacko's P&P Trend Trading Method 73 replies
DislikedGuys, you should slow down with your trading. This method is not for day trading. I'm sure there are plenty more useful methods for it. The market is fighting with major S/R levels now. I would stay out until some better picture occurs.
OceanIgnored
DislikedIt seems that my Counter Trend strategy faded away with the new setup on 4H Its always good to wait until candle close and not jump in right away.
As i write this, Euro just made a nice doji or PB on 4H on the ascending trendline so this is a good sign to buy IMHO. I just bought now at 5600, stop 100 under the low of the PB. Lets see how this goes.Ignored
Dislikedseems like im the only person in green now?
ok, now moved stop at 5620 the euro jumped incredibly fast after going against me during news. I got worried a bit and closed 1 lot at 2 pips. Now I regret it;I still have to fight with my psychology. That Doji on 4H gave us a good hint where the market is heading in the next few hours.Ignored
Dislikedseems like im the only person in green now?
ok, now moved stop at 5620 the euro jumped incredibly fast after going against me during news. I got worried a bit and closed 1 lot at 2 pips. Now I regret it;I still have to fight with my psychology. That Doji on 4H gave us a good hint where the market is heading in the next few hours.Ignored
DislikedI agree with you Gagiul , I did place a long @ 5550 with 100 TSL and now I'm +122 pipsIgnored
DislikedCongrats on your well thought out trade! Once I got stopped out and then we dropped I was thinking if this does go back up I should get long at 5625. I didn't because I've pulled my plug for the day.
That's the one thing that has probably made me successful over the years. When nothing is going right I walk away. When I am on my game I really press it.
I am now down in total about 50 pips on all my euro trades. I really don't consider that result terrible. I've made about 6 trades and each one had unlimited potential. This is trading; many small losses with the occasional big win.
I should clarify that when I do shorter term trading I do have profit targets, and I am happy with a win/loss ratio of just better than 50%. Always doing my best to limit the size of my losses.
-SeanIgnored
Disliked50 pips loss in total is nothing, I would say, its equal to 1 trade loss. So cheer up and wait for a good price to enter back long.Ignored
DislikedWe are definitely looking at a correction in this market (why else would we considering shorting), But do you guys think this correction will take place due to a temporary strengthening of the dollar or a temporary weakening of the euro?Ignored
DislikedHello Traders,
I really enjoy reading your posts and learning Jacko's strategy.
I would like to know how to best implement this strategy shorting instead of going long. Is it the same strategy as going long? useing the AH 50 pip trail stop?
I think shorting will be the future for all these currencies.
Thank you,
JohnIgnored
DislikedI would like to know how to best implement this strategy shorting instead of going long. Is it the same strategy as going long? useing the AH 50 pip trail stop?
I think shorting will be the future for all these currencies.Ignored