Order placed for entry @ 1.5515, stop @ 100 pips.
Fingers crossed!
Fingers crossed!
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
DislikedHi guys,
I am struggling with the following, maybe someone could help me understand this point.
On 04-12-2006, Jacko wrote: "I trade in $100,000 units and my trades went from 2 lots to 5 lots to 10 lots to 20 lots fairly quickly. I now trade in 50 lots (for first trade) and then will add a 20 lot. I have only gone into my capital to the maximum of $3000, primarily due to being profitable in my initial trades."
He uses 50-pip SL. With 20 standard lots, that's $10K. How come his biggest drawdown was only $3K? Besides, if one was to limit losses to 2% of the a/c, that means the trading balance should be $500K (well, it could be that high - Jasko did mention being $188K in profit, so if he started with $320K...)
Any thoughts?Ignored
DislikedEntry position adjusted down again!
To 1.5300. I think I'm running away from it!
Squeaky bum time.Ignored
DislikedI don't see this bear stopping before 1.5300.......I'd rather not try to catch a falling knife, I've got an order in for
1.5300, hopefully it'll hit in a day or twoIgnored
DislikedHi,
Ya, just patiently wait for the fish at 1.5300... crude oil continue to head south - below 120 now (118.3 now) and may go even lower which means EUR will also head south - only about 150pips to 1.5300 level...
Regards,
ToyogoIgnored
DislikedI agree - 1.5300 offers excellent support, however I don't think it wise to try to catch the falling knife even at those levels.Ignored
Dislikedanti-hedging doesn't really work when u have situations like this?
i hate this, its killing me, oanda always hits my stops then shoots back up, it never goes past my stop 20+ pipsIgnored
DislikedYou have to wait it out and be patient.
As our master said we are in market that stopped trending a couple of months ago. Tomorrow will be big day for all who have waited.Ignored
Dislikedanti-hedging doesn't really work when u have situations like this?
i hate this, its killing me, oanda always hits my stops then shoots back up, it never goes past my stop 20+ pipsIgnored
DislikedI don't see this bear stopping before 1.5300.......I'd rather not try to catch a falling knife, I've got an order in for 1.5300, hopefully it'll hit in a day or twoIgnored
DislikedWould you recommend joining Jacko's private group to beginners? Or should you know a good amount before joining?Ignored
DislikedHi all,
Today will be a significant move for EUR (now at 1.5400) as ECB conference is at 830am EST. It will either move down or up depends on the hawkish or dovish sentiment on the conference... check out the following video
http://www.pfxglobal.com/eur-usd/eur-usd-currency-pair-analysis-weekly-video.html
I will still be patiently wait for the move as stated in the video before deciding on the direction.
Regards,
ToyogoIgnored