rasta man looking at the macd daily down,4hr down protecting my trade bringing stop down to d/p crazy day today be nice to have retrace from this 750 level can only watch p/a now and tight stops
student
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
Dislikedrasta man looking at the macd daily down,4hr down protecting my trade bringing stop down to d/p crazy day today be nice to have retrace from this 750 level can only watch p/a now and tight stopsIgnored
DislikedI just wanted to comment, in general JAcko is profitable. For the frequent trader, his style would make you crazy.
But if you have the patience he does just fine. You need a large account to make sizable gains though.
What I also noticed about Wayne is that his countertrend trades are wrong 90% of the time. Thats why I tend to avoid his countertrend trades. I have combined his method with someone elses approach. It has been pretty good so far.Ignored
DislikedI just wanted to comment, in general JAcko is profitable. For the frequent trader, his style would make you crazy.
But if you have the patience he does just fine. You need a large account to make sizable gains though.
What I also noticed about Wayne is that his countertrend trades are wrong 90% of the time. Thats why I tend to avoid his countertrend trades. I have combined his method with someone elses approach. It has been pretty good so far.Ignored
DislikedI just wanted to comment, in general JAcko is profitable. For the frequent trader, his style would make you crazy.
But if you have the patience he does just fine. You need a large account to make sizable gains though.
What I also noticed about Wayne is that his countertrend trades are wrong 90% of the time. Thats why I tend to avoid his countertrend trades. I have combined his method with someone elses approach. It has been pretty good so far.Ignored
Disliked[/b][/color]
I feel fortunate enough to have learnt a great many lessons from "Jacko"
the most important being the benefit of waiting for the right setup to form before jumping into the market.
The second most important thing I learnt from "Jacko" was that nobody knows for sure where the market is going.
The third most important thing I have learnt by being in the group is to move my stop loss to break even as soon as possible, if I was to show my trading statement you would see many very small losses,lots of trades closed...Ignored
DislikedHi Artieboy,
This is reason why I keep trying to keep folks away from joining his private group.
I have seen a paradigm shift in the way "Jacko" trades, one of the reasons for this is the pressure on him to produce trade recommendations for his growing army of students, I mentioned this too him soon after I joined his 1st group of traders.
His reply was that he was under increasing pressure to produce more frequent trades.
I feel fortunate enough to have learnt a great many lessons from "Jacko"
the...Ignored
DislikedWell, maybe Jacko should go back to teaching us how to fish, instead sending fish via sms.
Sure, I can go back and study how he took the trades but hey, it is still guessing to some extent.
I asked him a question about the reasons for his entry several days ago by email, I did not get a reply and then the thing that has taken him back to the US occurred.
I agree with Babe & J16, TP1 and taking some off the table and leaving the rest as a free trade after BE to possibly catch the big moves is the ONLY way to go about it. I like to scale out 2/3...Ignored
Dislikedhe is not a signal service so merely copying his trades is not the purpose of his group, his blog should stimulate people into creating their own thoughts, ideas and trading style.Ignored
DislikedTo BabeFX
I read your note on the 3 main points you learned from “Jacko” and I would like to ask you a question, just for a better understanding.
Beside the things you underlined, the number one rule of “jacko”’s way of trading was/is: “1. buy/ sell ONLY in the direction of the major trend”.
If we agree the the E/U is in a bearish mode (at least from a daily prospective), why a lot of people are, at the moment, waiting for a set up to go long?
Are these counter trades part of the initial program or they are just a way to jump into the market...Ignored
DislikedThere is a ton of news about the troubles of the EURO out today and in the last few days. Morgan Stanley predicts it will go to 1.24 by years' end. Interesting..gives a big prospective.Ignored
DislikedHi Artieboy,
This is reason why I keep trying to keep folks away from joining his private group.
The third most important thing I have learnt by being in the group is to move my stop loss to break even as soon as possible, if I was to show my trading statement you would see many very small losses,lots of trades closed out at break even,a cluster of small wins and the occasional big win.Ignored
DislikedThere is a ton of news about the troubles of the EURO out today and in the last few days. Morgan Stanley predicts it will go to 1.24 by years' end. Interesting..gives a big prospective.Ignored
Dislikedwell its definatly heading up then.
hello lawgirl. i always wonder if your a lawyer or a sheriff. lol.
God those "people" are idiots.
anyone want to bet the talking heads are wrong?
Larry Williams continues to make fortune after fortune decade after decade by doing two things.
1. wait for ALL the idiots to be in agreement on direction.
2. load up in the opposite direction.
lol.Ignored
DislikedThey may very well be wrong, but why dismiss them out-of-hand? 1.24 would bring price back down to the double bottom, which I find very interesting. Don't forget Europe is in alot of trouble. Maybe more than we are in the US. The Euro has not been successful.
I am an attorney, by the way. It would not do for me to carry a weapon!Ignored