DislikedOne way to see the trend ...
Look at
300 candles in daily charts.
300 candles in 4 hour charts.
Get a 5 year-old to look at it. You will see the direction.Ignored
Yep. The 5 year old will get it correct everytime.
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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
DislikedHi Quickdraw,
Yes, 300 candles / bars works for me. It gives a decent perspective of the market.
.Ignored
DislikedHi gaguil,
After bottoming out just below 1.3300 (1.3262) we are now on our way through the major resistance of 1.3666 to an initial target of 1.4500.
I think that a major sell-off of the USD is commencing / is in progress. I think it will accelerate in the medium term.
Having said that, make sure that you minimise your drawdowns. But don't lose sight of the long term trend.
But I could be wwwwrong...
See http://www.forexfactory.com/showthread.php?t=28512&page=5
.Ignored
DislikedThe post above was posted on 07-02-07,
I think that the major sell off in the USD against all currencies is destined to continue in the longer term.
There will be corrections but they will be relatively shallow.
First target is 1.45
.Ignored
DislikedHello Jako,
Just wanted to ask you a question:
Once you enter in the direction of the long term trend, do you dissolve your positions on significant rallies, and add on pullbacks or do you just keep on adding until your long term target is met?
Thanks for the light in darkness!Ignored
DislikedJacko uses trailing stop of 50 pips once he took a trade.
Anyone new to this thread, please read the first page of this thread. The method is there. It didn't change AFAIK.Ignored
DislikedThe post above was posted on 07-02-07,
I think that the major sell off in the USD against all currencies is destined to continue in the longer term.
There will be corrections but they will be relatively shallow.
First target is 1.45
.Ignored
DislikedHi Jacko
I am new to this forum. I've been trying to catch up on all the readings. I've been through so many threads, and a particular few caught my attention, we "clicked". I like your style.
What do you thinking of shorting the Euro now ? For a 100 pip profit target at around 1.3650 .
http://www.forexfactory.com/attachme...1&d=1184135698Ignored
DislikedJacko,
Do you believe the Sell Off is for economic reasons or political reasons?
Not that it matters, as long as we are trading the right direction, but just curious as to you opinion.
Thanks,
StanIgnored
QuoteDislikedOriginally posted by Jacko on 04-27-07
Fundamentals are for understanding the "big Picture", but charts are used for trading.
I am a longer term trader than most traders here and so I am more "fundamentals-aware" lately. I suppose I just want to know why a market is trending in a certain direction
The longer the time frame, the more you need to be aware of the fundamentals...but I always trade off the charts.
DislikedHi Jacko....Could you please give an idea of what the corrections might be like? Do you have a target date for 1.45....it sounds so far away....thanks for all the help and insight you provide....SusanIgnored
DislikedHi Jacko
I am new to this forum. I've been trying to catch up on all the readings. I've been through so many threads, and a particular few caught my attention, we "clicked". I like your style.
What do you thinking of shorting the Euro now ? For a 100 pip profit target at around 1.3650 .
http://www.forexfactory.com/attachme...1&d=1184135698Ignored
DislikedHello Jako,
Just wanted to ask you a question:
Once you enter in the direction of the long term trend, do you dissolve your positions on significant rallies, and add on pullbacks or do you just keep on adding until your long term target is met?
Thanks for the light in darkness!Ignored
DislikedHi FXHolic,
For a little while now, I have been setting up parallel accounts which are strictly "buy and hold" positions. These are in addition to my "trading accounts".
I had been waiting for a significant retracement before establishing the parallel accounts, and the May till mid June retracement was the one I had been looking for. This was a BIG punt that 1.3300 (approx) was going to be the bottom. I have been adding more positions, but at a reducing rate since mid-late June.
.Ignored