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- trader79 replied Apr 26, 2008
Thank you Ocean, your post is very helpful!
- trader79 replied Apr 26, 2008
I read the whole thread and Jacko's blog. The first page even several times before I even started to post here. I quoted above where he talked about trading EUR/USD. This does not include a strict statement regarding other currency pairs. Please be ...
- trader79 replied Apr 26, 2008
Hi IanfOster! I hope to oneday have a life myself So what I see Jacko has at least two advantages over the average trader: 1. Experience 2. Good Capital. To analyzie if a market is trending in different timeframes is not so difficult for ...
- trader79 replied Apr 26, 2008
I found this quote. From this quote alone I would not assume he literally is against other forex marekts as long as they have a strong trend. I read he suggests to look at different time frames like weekly, daily, 4h to identify a strong trend and a ...
- trader79 replied Apr 26, 2008
At the moment or alltogether? Are you sure, Jacko restricts this method to Eur/ Usd and when the market stops trending in a longterm-timeframe his method is obsolet for an unknown time of possibly several months or years? Are there any plausible ...
- trader79 replied Apr 26, 2008
Hello static, it is not so much effort and doesn't change Jacko's method at all, just a very small add-on which can make a huge difference in profit for longer-term trades. 1. Asking the broker about the swap rates. 2a) Order the pairs with positive ...
- trader79 replied Apr 26, 2008
Depending on the interest differences between the two currencies of a pair the brokers usually pay or charge us if we hold a position overnight. In Jacko's method the main indicator is if we have a trending market. But if we look at different ...
- trader79 replied Apr 26, 2008
Swaps — Since Jacko's method is mid-term or even long-term oriented do you care about overnight rates? Check trend of a market vs. check swaps Observe for long trend: EUR/USD GBP/USD AUD/USD USD/JPY GBP/JPY EUR/JPY EUR/CHF NZD/USD AUD/JPY ...
- trader79 replied Apr 24, 2008
I was considering to try ODL. After reading this thread this will of course never be an option for me. zek lost 30k due to the 250 pips and they told him he can be lucky cause other clients experienced bigger slippages... I only hope zek was finally ...
- trader79 replied Apr 24, 2008
Okay, I seem to have quite a good grasp of the method to start testing it now. Just another question so far: We go long with trend and are stopped out. Then we wait about 50 pips and set the AH. What if the AH is stopped out again or after our ...
- trader79 replied Apr 24, 2008
Ah okay, thank you Archer.
- trader79 replied Apr 24, 2008
Ah okay, I was wondering about Jacko's blog cause Archer yesterday refers to it. I was looking at the blog linked to in Jacko's signature and there was only redundant information to this thread. Now I understand there seems to be a closed-group blog ...
- trader79 replied Apr 24, 2008
The overall trend is still long and in Jacko's original strategy only long trades are allowed then. Jacko himself also seems to engage in counter-trend-trades. So he only recommends this for experienced traders. I believe due to this reason I was ...
- trader79 replied Apr 23, 2008
Hello Archer, thanks for your response and clarifying this. How big is the stop loss Jacko recommends at the moment? What does Jacko thinks abot using an ATR adjusted SL all the time instead of using a fix SL?
- trader79 replied Apr 23, 2008
Hello everybody! This method presented here seems to be very interesting. But I have one important question: It is aimed at a mid-term timeframe, right? The ATR(20) of EUR/USD is 140 pips at the moment. With a trailing stop of 50 pips like ...
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