I also got stopped out at 1.2800; IBFX. I got in at 1.2810 but adjusted SL at 1.2800 so just a 10 pips profits.
Jacko's Forex House of Pleasure and Pain
You have to pay to become one of his turtles yes. What I`ve heard so far, is that he supports his turtles in an exellent way, providing lots of useful insights in his blog.
I`d start out reading this thread over and over again, until you get thing you get the whole picture. Then read it again
The whole thing is here, it`s just not that easy to grasp everything in a couple of days...
There are aslo books on this method that you might wanna read, like trend following, way of the turtle etc.
Good luck!!
I`d start out reading this thread over and over again, until you get thing you get the whole picture. Then read it again
The whole thing is here, it`s just not that easy to grasp everything in a couple of days... There are aslo books on this method that you might wanna read, like trend following, way of the turtle etc.
Good luck!!
Hi,
I wouldn't rush in this fast on monday morning, before London open. Too dangerous...
This might take it up to 1.3000 so you might just catch this.
Remember this rule. If it doesnt' make lover low, it will make higher high. Look, it did not make a new lover low at 1.25500. So I wouldn't be surprized to see 1.30000 next . Maybe a buying opurtunity somewhere there.
Best of luck.
Sometimes hard to remember all this
You said buying, don`t you mean selling?
My explanation would be:
That this last drop of eur wasn't steep enaugh stopping at 1.25500 ....
I see. Actually in layman terms you're referring to the short term uptrend. Putting it in my own words, you're believing that the short term uptrend is not over hence the price has potential to rise up further. Until you see a potential point of reversal (trendlines, fib retracements), then you'd pull the trigger. Correct me if im wrong
- #5,597
- Edited 3:41am Dec 8, 2008 3:27am | Edited 3:41am
Hi,
I see. Actually in layman terms you're referring to the short term uptrend. Putting it in my own words, you're believing that the short term uptrend is not over hence the price has potential to rise up further. Until you see a potential point of reversal (trendlines, fib retracements), then you'd pull the trigger. Correct me if im wrong
P.S. - I dont use much of trendlines, or follow fib, or strong round numbers. These are just tools I pay attention to.
I only try to guess direction by main trend and highs and lows. Then a strict money management and good risk to reward ratio on any trade - those are my main tools.
Keep it simple
