DislikedI also agree and it would be great if the true Jacko turtles here would actually bless us with real trading insight (charts would be good) but perhaps they have some secrecy clause. LOL!
I'm kidding guys so don't get it twisted, but really you guys could easily put an end to the blind leading the blind scenario...Ignored
I'm in Jacko's second group. I went long at 1.5800 and here's a chart showing why. I had an old trendline drawn from the low of 3.24.08 to 4.2.08 though price had gapped below it last weekend (an unusual occurrence I ignored) it acted again as a support level once price went above and retested that level. Just before the most recent move up, you can see where there were three doji candles sitting right on top of this trendline. This also occurred right at the 1.5800 level and was enough to convince me to go long. For those of you following the james16 thread, I believe they call this 'confluence'. I used a 100 trailing stop and am currently sitting on 131 pips profit and my stop (which I haven't manually adjusted, I let the system do it for me) is protecting 76 pips of profit. I'm looking to add to my position if price falls to somewhere between 1.5850 and 1.5900. Hope this helps.
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