My original trade at 1.5500 is still open, and I bought more at 1.5600. Riding this one until my TSL gets me out. I may buy more if it retraces, 1.5600 holds, and price starts to move up again from there.
Jacko's Forex House of Pleasure and Pain
- #2,102
- Mar 25, 2008 1:59pm Mar 25, 2008 1:59pm
Unfortunately missed that move. Was waiting for re-trace as per previous post, never happened. Am learning that lovely virtue called patience.
I put in the exact same buy at 1.5530 then read the post of Hendrix.
Is the old support level.
K8
For those of you, who are still in the trade - let it go, you've made enough!!! 
We need some pips too! I have a buy limit order now set and after I wake up it would be nice to see it filled. But judging by the pace and the strength of the uptrend, I'm not so sure about that. But - ANYTHING CAN HAPPEN.
- #2,103
- Mar 25, 2008 2:01pm Mar 25, 2008 2:01pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
I hope for both of us that we will see 5530 soon.
I have a buy limit order now set and after I wake up it would be nice to see it filled. But judging by the pace and the strength of the uptrend, I'm not so sure about that. But - ANYTHING CAN HAPPEN.
Hello EveryOne,
Well a new day has brought on more upside & my longs from last date @5410 & 5434 are doing well & the pips are locked in.
I have noticed some posting about trading based on their own decisions & not what others are saying & I say more power to these traders as that is the best way. Read what others are saying check the technicals & in the end the decision is ultimately yours as how to trade. That is a step to becoming a profitable trader.
AceTrader
- #2,106
- Mar 25, 2008 2:13pm Mar 25, 2008 2:13pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
i've just had an AH picked up so learn to be patient, 1.5800 would be nice first then back to my original 1.5150 fib. PLEASE
Never say never.
- #2,108
- Mar 25, 2008 3:02pm Mar 25, 2008 3:02pm
- Joined Feb 2006 | Status: Trader | 2,228 Posts
razldazl,
Don't go to pieces on us, but do laugh.
AceTrader
Don't go to pieces on us, but do laugh.
AceTrader
- #2,111
- Mar 25, 2008 8:37pm Mar 25, 2008 8:37pm
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
- #2,114
- Mar 25, 2008 8:49pm Mar 25, 2008 8:49pm
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
I have been experimenting on a demo account. A position opened at 15371 with a 200 pip stoploss looks... interesting.
A quick calculation: just 1 lot would see £1700 in 3 days.
A quick calculation: just 1 lot would see £1700 in 3 days.
The market reveals who we really are...
- #2,120
- Mar 26, 2008 3:17am Mar 26, 2008 3:17am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Hi Traders !
I played a little bit with Fibo indicator and modified an indicator made by CodersGuru to fit Jacko trading style.
Parameters are quite self-explaining :
bool Higher_To_Lower = true; (drawn Fibo from higher to lower , leave true for Jacko method on EURUSD since we are now in Buy mode)
bool DrawVerticalLines = true; (drawn vertical lines from fibo start point to fibo end point)
int StartBar = 0; (start bar to draw Fibo 0 = current bar)
int BarsBack = 20; (end bar to draw Fibo)
color FiboColor = Yellow;
color VerticalLineColor = Aqua;
int VerticalLineStyle = STYLE_DASHDOT;
In particular it draws fibo retracement for last X bars (X could be changed playing with StartBar & BarsBack) and will update automatically when a new high (or low) is reached.
The indicator only draws the 0, 50% & 100% fibo lines since other fibo lines aren't used in Jacko method.
Hope it helps
I played a little bit with Fibo indicator and modified an indicator made by CodersGuru to fit Jacko trading style.
Parameters are quite self-explaining :
bool Higher_To_Lower = true; (drawn Fibo from higher to lower , leave true for Jacko method on EURUSD since we are now in Buy mode)
bool DrawVerticalLines = true; (drawn vertical lines from fibo start point to fibo end point)
int StartBar = 0; (start bar to draw Fibo 0 = current bar)
int BarsBack = 20; (end bar to draw Fibo)
color FiboColor = Yellow;
color VerticalLineColor = Aqua;
int VerticalLineStyle = STYLE_DASHDOT;
In particular it draws fibo retracement for last X bars (X could be changed playing with StartBar & BarsBack) and will update automatically when a new high (or low) is reached.
The indicator only draws the 0, 50% & 100% fibo lines since other fibo lines aren't used in Jacko method.
Hope it helps
