I think this signalled the end of the EURO party.
Attached Image (click to enlarge)
Jacko's Forex House of Pleasure and Pain
Haha that chart I posted is updated regularly. In 3 months time, that post won't make sense if it's going up. 
Anyway, I was wondering...
I know Jacko uses a 100 pip trailing stop.
Someone posted that they still use a 50 pip trailing stop because it's more profitable (and I have experienced this, too). It does mean that you are slightly more active in your trading, so 100 pips allows Jacko to maintain his philosophy of not being stuck at his desk (ok 50 pips isn't that bad but you need to keep a PC running and use automatic TSL).
Now, has anyone tried a 200 pip trailing stop (with 50 pips initial stop)? If you'd shorted E/U on 30th Sept (last Friday), you'd be looking at 500-600 pips profit.
Comments?
Anyway, I was wondering...
I know Jacko uses a 100 pip trailing stop.
Someone posted that they still use a 50 pip trailing stop because it's more profitable (and I have experienced this, too). It does mean that you are slightly more active in your trading, so 100 pips allows Jacko to maintain his philosophy of not being stuck at his desk (ok 50 pips isn't that bad but you need to keep a PC running and use automatic TSL).
Now, has anyone tried a 200 pip trailing stop (with 50 pips initial stop)? If you'd shorted E/U on 30th Sept (last Friday), you'd be looking at 500-600 pips profit.
Comments?
The market reveals who we really are...
Hi guys! 
I love this forex business more than any other business in the world, but I was wondering, if this market will always be here for us in the present shape? I mean, I don't mind the present volatility (you can still make profits if you wait for good setups and manage your trades) and I don't mind the present taxes (anymore), but can we expect the markets and the "terms" of trading to remain the same for at least couple of more decades?
You know, I'd hate to see this business closed down after I put so much work in it and after being more consistent than ever.
What do you guys think? Would governments hate to see us making profits so "easily"?
Maybe I'm a bit disillusioned in my thinking, but it represents a small fear in the back of my head.
I love this forex business more than any other business in the world, but I was wondering, if this market will always be here for us in the present shape? I mean, I don't mind the present volatility (you can still make profits if you wait for good setups and manage your trades) and I don't mind the present taxes (anymore), but can we expect the markets and the "terms" of trading to remain the same for at least couple of more decades?
You know, I'd hate to see this business closed down after I put so much work in it and after being more consistent than ever.
What do you guys think? Would governments hate to see us making profits so "easily"?
Maybe I'm a bit disillusioned in my thinking, but it represents a small fear in the back of my head.
- #5,370
- Edited 5:39am Oct 5, 2008 5:22am | Edited 5:39am
Hi guys!
I love this forex business more than any other business in the world, but I was wondering, if this market will always be here for us in the present shape? I mean, I don't mind the present volatility (you can still make profits if you wait for good setups and manage your trades) and I don't mind the present taxes (anymore), but can we expect the markets and the "terms" of trading to remain the same for at least couple of more decades?
You know, I'd hate to see this business closed down after I put so much work in it and after being more consistent than ever.
What do you guys think? Would governments hate to see us making profits so "easily"?
Maybe I'm a bit disillusioned in my thinking, but it represents a small fear in the back of my head.
I've been thinking this very same thing and honestly I'm not sure it would last decades. I'm not really a New World Order or Apocalypse type of guy (LOL!) but if the market makes it well passed 2012, I'll change my stance on it not lasting for decades.
For now I'll just take whatever the market gives me one day at a time and worry about the future as it unfolds...
- #5,372
- Oct 5, 2008 8:10am Oct 5, 2008 8:10am
Hi guys!
I love this forex business more than any other business in the world, but I was wondering, if this market will always be here for us in the present shape? I mean, I don't mind the present volatility (you can still make profits if you wait for good setups and manage your trades) and I don't mind the present taxes (anymore), but can we expect the markets and the "terms" of trading to remain the same for at least couple of more decades?
You know, I'd hate to see this business closed down after I put so much work in it and after being more consistent than ever.
What do you guys think? Would governments hate to see us making profits so "easily"?
Maybe I'm a bit disillusioned in my thinking, but it represents a small fear in the back of my head.
As for stopping the individual from trading there will always be a route to market even if you have to trade through a different country to your own. A bit like online gambling in the US, the government has tried to stop it put it has no jurisdiction outside their borders.
The Mayan Calender stops suddenly at 2012
Yes I know it sounds...
