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- Homer replied May 3, 2009
coscorp - 50 pips beyond may mean 500 (or 1000 more pips) as well. Is there a filter on the upper limit? Or as long as the underlying trend is good, you can re-open position with AH.
Jacko's Forex House of Pleasure and Pain
- Homer replied May 3, 2009
In my view if price hits your stop and goes beyond 50-100 pips, only then AH setup is triggerred. Less than 50 or more than 100 would not trigger it. Can others pls confirm/refute this? In my view, AH should re-open the lost position exactly where ...
Jacko's Forex House of Pleasure and Pain
- Homer replied May 2, 2009
Yes, it's down for me too on 4H (especially using trend lines). There was post from User Name suggesting an uptrend on 4H. In my view, people using Dow, may now consider it reversed (after a HL, HH). However, in my view this system (Jacko's) ...
Jacko's Forex House of Pleasure and Pain
- Homer replied May 2, 2009
User Name, If trendlines to be used, then how is 4hrs in uptrend? You uptrend line will will not pass the validity test for duration....or would it? Can you explain your thought process? The only way I see trend being up on 4hrs is to apply dow, ...
Jacko's Forex House of Pleasure and Pain
- Homer replied Apr 26, 2009
Good question. Daily down trend is still intact, however current reaction rally seems to be going up either to test the resistance or break it, who knows!. If you are going to trade smaller timeframes e.g. 4H, then this is only a useful guideline ...
Jacko's Forex House of Pleasure and Pain
- Homer replied Apr 24, 2009
I would have drawn the fib exactly like that.
Jacko's Forex House of Pleasure and Pain
- Homer replied Apr 24, 2009
Thanks hans365, please see my comments in blue below:
Jacko's Forex House of Pleasure and Pain
- Homer replied Apr 24, 2009
Thanks hans365, yes, I should have mentioned timeframes i.e. 4H. I have more specific questions/comments in blue (below quoted text). Anyone can reply. Homer, I think it is discretionary because it depends on the time-frame you use most often. ...
Jacko's Forex House of Pleasure and Pain
- Homer replied Apr 24, 2009
Important question to Jacko for his fibs — I can see people are drawing fibs from different levels and coming up with different 50% levels. Fib experts claim that it is not subjective and everyone must have it drawn the same way. They also ...
Jacko's Forex House of Pleasure and Pain
- Homer replied Nov 11, 2006
D'oh, don't blame China! You sure have lost money in dollar value, however, this should be relative to your capital. If you are using good MM, then it is probably not as bad. But if you are not, then you are doomed anyway. Ooo Donuts, gotta go! Homer
Ouch
- Homer replied Jul 24, 2006
I suggest you go through the forum and do a search on this. There are number posts which outline this issue. Also, there are quite a few posts where members have shared their experiences (good and bad both). Homer
Can brokers see your trades?
- Posts by Trader Search: 'Homer'