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Jacko's Forex House of Pleasure and Pain

  • #6,861
  • Mar 28, 2009 6:43pm Mar 28, 2009 6:43pm
Quoting acetrader
If the hedge funds are driven out of the U.S., they can blame themselves as they in droves supported "O" & the socialist team he has put together. About all that can be done is contact your congressman or congresswoman & in four your use better judgement when exercising your right to vote & remove these people. In the meantime, about all we can do is keep our chins up, trade & these situations just might improve in four years.

Thanks for sharing this information & all you post.

I just can't help but wonder how many members help elect these...
Most of us have a pretty good grasp of TA but in these times fundamental analysis should be part of your arsenal especially in the upcoming week.

There are 435 members of the House of Reps, 100 Senators and a cast of Obama maniacs deciding your future and the future of your kids. Not sure but probably 100 million voters in this country herded around like ignorant sheep putting up with their power hungry corruption, and the best response yet in my opinion is from that British guy all over the news. http://www.youtube.com/watch?v=94lW6Y4tBXs

Where are the US statesmen?

Corny, but recommend everyone read the Declaration of Independence and the US Constitution. I had not read these since school and was shocked helping my son on his homework assignment. Not even in the ballpark today.

Sorry Ace, but voting, telephone, letters will not do it this time.
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History is written by the victors.
  • #6,862
  • Mar 28, 2009 6:56pm Mar 28, 2009 6:56pm
Quoting acetrader
I just can't help but wonder how many members help elect these socialist?

" Our greatest glory is not in Never Falling, but in Rising Everytime we fall "

Confucius
__________________________________________
AceTrader
I found a sig on another web forum that fits the current problems and solution to the pursuit of liberty and the American way of life. Box 1 & 2 were last year. We are currently on box #3 unless it turns around.

"Four boxes to be used in defense of liberty: soapbox, ballot box, jury box, ammo box - use in that order."
  • #6,863
  • Mar 28, 2009 9:14pm Mar 28, 2009 9:14pm
Money-RX,

YOU are probably about right ref the calls, letters & emails, but I am sure as hell going to be making the phone calls for what good it will, or will not do. Some people fail to visit the ballot box @ election time as a way of showing their dislike of the system & the politicians, but I beg to differ.
The reading of the Declaration of Independence is a good idea. What do you see as a means of turning this current situation around? Thanks for your view & comments.

FX Genius,

Thanks for the Four Box Theory. We are running out of options it seems.
__________________________
  • #6,864
  • Mar 29, 2009 12:05am Mar 29, 2009 12:05am
I see that this thread has dramatically shifted gears.
  • #6,865
  • Mar 29, 2009 2:00am Mar 29, 2009 2:00am
Quoting hans356
I see that this thread has dramatically shifted gears.
Yeah, let's get back to making some money.
History is written by the victors.
  • #6,866
  • Mar 29, 2009 3:11am Mar 29, 2009 3:11am
Ouch!

I may not get this right, but it sounds like it only affects US-based trading, right? If that's the case, it doesn't seem to make that much of a difference as long as you're operating offshore.

Quoting BullsAndBear
I thought this was worth posting. Hope you guys find this useful.....
  • #6,867
  • Mar 29, 2009 4:37am Mar 29, 2009 4:37am
Quoting DemoDrama
Wow, that's a great idea! We could open a trading room, and I will work on demo, and someone else could trade my live account in the opposite direction for me...
If you do it on demo account, market will not reverse and you will make tons of money and the others will lose theirs. It has to be LIVE.

I know, you see, I, too, possess this power.

Seb
  • #6,868
  • Mar 29, 2009 8:51am Mar 29, 2009 8:51am
Quoting Money-RX
As the dollar weakens gold and silver should benefit as confidence is surely lacking in the 3 stooges, Bernanke, Geithner and Obama. But the US$ has to weaken for gold to rise above $1,000. Gold and the US$ seem to be in competition.

Reading thru the opinions from around the globe shows a definite lack of respect and confidence in the US policies and along with that the US$.
You can view the ex Prime Minister and Treasurer of Australia's opinion of Geithner here - http://www.smh.com.au/opinion/obamas-economic-saviour-savaged-as-keating-lets-rip-20090306-8rk7.html?page=-1...
The reason we're in this mess is due to a weak Securities and Exchange Commission that let the bankers blow the U.S. economy. Don't blame a president who's been in office for one month.

And don't presume that everyone who trades forex and reads the forums is a laissez-faire conservative.
  • #6,869
  • Mar 29, 2009 9:03pm Mar 29, 2009 9:03pm
Quoting jthomas71
And don't presume that everyone who trades forex and reads the forums is a laissez-faire conservative.
I don't. I am sure there are many who advocate big government intervention such as confiscating employee pay, 90% tax on a select few, or firing a CEO.
In fact, some think the more government the better to take care of them.


Looks like the daily is in a bear run. Need to break 132 for confirmation and continuation down to 130 and possibly 125 before heading back up. I think the other dollar pairs such as A/U or US/Chf will provide dollar weakness before E/U.
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History is written by the victors.
  • #6,870
  • Mar 29, 2009 11:24pm Mar 29, 2009 11:24pm
Quoting acetrader
Money-RX,

YOU are probably about right ref the calls, letters & emails, but I am sure as hell going to be making the phone calls for what good it will, or will not do. Some people fail to visit the ballot box @ election time as a way of showing their dislike of the system & the politicians, but I beg to differ.
The reading of the Declaration of Independence is a good idea. What do you see as a means of turning this current situation around? Thanks for your view & comments.

FX Genius,

Thanks for the Four Box Theory. We are running out of options...
Thomas Paine has some things to say...
http://www.youtube.com/watch?v=jeYscnFpEyA
History is written by the victors.
  • #6,871
  • Mar 30, 2009 5:23am Mar 30, 2009 5:23am
Quoting james16

if your rich you are to be reviled and punished for your hard work and success.




i would rather die than be part of a communist united states.
But do some of these CEO's of the banks really deserve to earns 100's of Millions of $$. I don't think so.

And Obama is not a communist. The US is heading towards a fairer country. It is not turning communist. Thats a bit extreme.
  • #6,872
  • Mar 30, 2009 10:15am Mar 30, 2009 10:15am
How about we knock off the political nonsense, as per forum rules, and concentrate on making some coin.

It is what it is...
  • #6,873
  • Mar 30, 2009 12:57pm Mar 30, 2009 12:57pm
your right. i deleted that post.


jim

Quoting peppermint
How about we knock off the political nonsense, as per forum rules, and concentrate on making some coin.

It is what it is...
  • #6,874
  • Mar 30, 2009 3:35pm Mar 30, 2009 3:35pm
Quoting peppermint
How about we knock off the political nonsense, as per forum rules, and concentrate on making some coin.

It is what it is...
This isn't political nonsense. Thoroughly understanding the impact will affect your trading much more than today's Fibonacci or SR levels.
  • #6,875
  • Mar 31, 2009 3:23am Mar 31, 2009 3:23am
I see it trending down, but the potential shorter term gains could as well be on upside.

Any take as what we can expect?
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  • #6,876
  • Edited 6:35am Mar 31, 2009 6:06am | Edited 6:35am
Quoting aorafx
I see it trending down, but the potential shorter term gains could as well be on upside.

Any take as what we can expect?
My trade from 1.3600 was stopped out earlier this morning for 398 pips profit. The market seems to be finding some resistance at 1.3300, but I think that this pair may push up to around 1.3400 before continuing bearish. Also good think to note, we have fib confluence at around 1.3400
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  • #6,877
  • Mar 31, 2009 7:07am Mar 31, 2009 7:07am
Quoting jcalow
My trade from 1.3600 was stopped out earlier this morning for 398 pips profit. The market seems to be finding some resistance at 1.3300, but I think that this pair may push up to around 1.3400 before continuing bearish. Also good think to note, we have fib confluence at around 1.3400
Nice Trade!
  • #6,878
  • Mar 31, 2009 7:51am Mar 31, 2009 7:51am
Quoting jcalow
My trade from 1.3600 was stopped out earlier this morning for 398 pips profit. The market seems to be finding some resistance at 1.3300, but I think that this pair may push up to around 1.3400 before continuing bearish. Also good think to note, we have fib confluence at around 1.3400
Well done! I was in the same trade, but came out with a little less for 350 pips. Can't complain at that though!

Just wanted to say - I am looking at 1.3400 too; it looks like a good S/R area and it's about 50% of the last move down. I hadn't noticed the confluence of both fibs but that makes it even more interesting!

Anyone else looking?

Regards,


Dan
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  • #6,879
  • Edited 1:38pm Mar 31, 2009 1:24pm | Edited 1:38pm
[
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That bounce at 1.3734 was exact almost to a pip of 50% (1.5084-1.2383)
I believe we are currently in the process of a correction which will bounce off 1.3415 (61.8% of the same move) for a drop that might end below 1.2383
I got decent pips from previous fall and now i have a sell order at 1.34 which i am still hoping will be activated soon
Some drink at the fountain of knowledge. Others just gargle !
  • #6,880
  • Edited 2:11pm Mar 31, 2009 2:02pm | Edited 2:11pm
Each time this happens, I stand back in amazement at how accurate the 50% Fib. ratio actually is. It's not guaranteed, but the potential profit far outweighs the potential loss when using Mr. Jacko's methodology. My goodness . . . this never ceases to amaze me.

I gave this one a little room to breathe, but was lucky enough for the buy limit to be activated @ 1.3235. I will move my stop loss to break even plus 10 in a moment. I have a HARD take profit at 1.3497.
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