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Jacko's Forex House of Pleasure and Pain

  • #721
  • Aug 27, 2007 5:07pm Aug 27, 2007 5:07pm
i have read post 8 , but i have a question...

In 2005 ,the trend is an uptrend... after about 1 january 2005 ,start a downtrend ok?

when you decide to go short ?

How you consider that trend a big move, and so trade that?

Thank you

i hope you understand what i mean....


Quoting jacko
In late 2005 until March 2006 I was a strong seller of Euro. If you read my original trading journal at DailyFX, you will see that I was a strong seller.
Also see post 8 here on FF
Financial Freedom
  • #722
  • Aug 27, 2007 5:24pm Aug 27, 2007 5:24pm
Quoting jacko
Have revised my buy target to 1.3650

Bought back in at 1.3650.

Only one set of 150.


.
I have buy the EUR/USD at 1.3640 and also sell it at 1.3678. Now I am in a Hedge position. I could be wrong both side.
  • #723
  • Aug 28, 2007 9:29pm Aug 28, 2007 9:29pm
Quoting jacko
Have revised my buy target to 1.3650

Bought back in at 1.3650.

Only one set of 150.


.

Bought at 1.3650

Market moved up to 1.3679.

Trailing Stop loss moved up to 1.3629 (1.3679 - 0.0050 = 1.3629).

Market then fell and was stopped out at 1.3629 for 21 pip loss.

Market has moved lower to 1.3579

A-H order has been placed. (Buy on stop at 1.3629)

This fallen soldier (trade) will not be forgotten


.
  • #724
  • Aug 28, 2007 9:34pm Aug 28, 2007 9:34pm
Hi Jacko...Thanks for a great thread.

I'm just wondering what your take is on the flight to dollars throughout the sub-prime crisis?

IE. Dollar buying on market and liquidity fears.
  • #725
  • Aug 29, 2007 9:35am Aug 29, 2007 9:35am
Quoting jacko

A-H order has been placed. (Buy on stop at 1.3629)

This fallen soldier (trade) will not be forgotten
.
Hi jacko,

how's the fallen soldier doing, have your dark arts resurrected him faithfully? ;D


I'm very curious whether this current rise can be sustained up to and past 1.3666 and 1.3700.

And a more serious question: if you have been triggered long from the buy stop and you were to get stopped out for a loss again, would you repeat the same logic as always or would this make you rethink what's going on with the EURUSD?

Just curious to hear your thoughts, always interesting

EURUSD's behaviour has been a bit elusive for me lately..


Best regards,

SeekingLight
Trust price. Know yourself.
  • #726
  • Aug 29, 2007 11:11am Aug 29, 2007 11:11am
Very Cool Jacko!~ your fallen soldier has been resurrected


Quoting jacko
Bought at 1.3650

Market moved up to 1.3679.

Trailing Stop loss moved up to 1.3629 (1.3679 - 0.0050 = 1.3629).

Market then fell and was stopped out at 1.3629 for 21 pip loss.

Market has moved lower to 1.3579

A-H order has been placed. (Buy on stop at 1.3629)

This fallen soldier (trade) will not be forgotten


.
  • #727
  • Aug 29, 2007 12:03pm Aug 29, 2007 12:03pm
Hello Jako,

Congrats on your AH strategy, which is really a winning strategy if anyone has the foresight as you have. I am impressed that even in worst case scenario, you with your strategy walk away with good number of pips in your pocket!
  • #728
  • Aug 29, 2007 12:04pm Aug 29, 2007 12:04pm
Quoting jacko
Bought at 1.3650

Market moved up to 1.3679.

Trailing Stop loss moved up to 1.3629 (1.3679 - 0.0050 = 1.3629).

Market then fell and was stopped out at 1.3629 for 21 pip loss.

Market has moved lower to 1.3579

A-H order has been placed. (Buy on stop at 1.3629)

This fallen soldier (trade) will not be forgotten


.
Again, another of my soldiers fell to enemy (short) fire.

However, Hallelujah, brother !!!!!!....
this soldier was not dead either......Hallelujah, brother !!!!!!....
he was only temporarily injured.....Hallelujah, brother !!!!!!....
and, given some serious "anti hedging" medicine, he is back in action at 1.3629......Hallelujah, brother !!!!!!

However, my soldiers are IMMORTAL (as long as the trend is still bullish)

Since the market is now at 1.3665, I have recouped ALL my losses from this earlier trade and am AGAIN now in profit (by just 6 pips).......and hopefully, in the trend in the right direction.

Hallelujah, brother !!!!!!....


THE WHOLE POINT OF A-H STRATEGY IS TO RE-COUP ANY AND ALL LOSSES WHEN THE MARKET IS "CORRECTING" AGAINST THE MAJOR TREND
  • #729
  • Aug 29, 2007 1:24pm Aug 29, 2007 1:24pm
Quoting jacko
Again, another of my soldiers fell to enemy (short) fire.

However, Hallelujah, brother !!!!!!....
this soldier was not dead either......Hallelujah, brother !!!!!!....
he was only temporarily injured.....Hallelujah, brother !!!!!!....
and, given some serious "anti hedging" medicine, he is back in action at 1.3629......Hallelujah, brother !!!!!!

However, my soldiers are IMMORTAL (as long as the trend is still bullish)

Since the market is now at 1.3665, I have recouped ALL my losses from this earlier trade and am AGAIN now in profit (by just 6 pips).......and hopefully, in the trend in the right direction.

Hallelujah, brother !!!!!!....


THE WHOLE POINT OF A-H STRATEGY IS TO RE-COUP ANY AND ALL LOSSES WHEN THE MARKET IS "CORRECTING" AGAINST THE MAJOR TREND

LOL...
You definitely rock, man... This time I A-H'd 3630 but bought the hell out of 3600 coming from below, when cable was soaring this morning / swiss taking 1.2 out.

Congrats.
  • #730
  • Aug 29, 2007 1:44pm Aug 29, 2007 1:44pm
hahahaha yeah Hallelujah u have helped me shapen up my skills ur martini is ready thanks jacko.

revoke
  • #731
  • Aug 29, 2007 1:55pm Aug 29, 2007 1:55pm
Quoting jacko
Again, another of my soldiers fell to enemy (short) fire.

However, Hallelujah, brother !!!!!!....
this soldier was not dead either......Hallelujah, brother !!!!!!....
he was only temporarily injured.....Hallelujah, brother !!!!!!....
and, given some serious "anti hedging" medicine, he is back in action at 1.3629......Hallelujah, brother !!!!!!

However, my soldiers are IMMORTAL (as long as the trend is still bullish)

Since the market is now at 1.3665, I have recouped ALL my losses from this earlier trade and am AGAIN now in profit (by just 6 pips).......and hopefully, in the trend in the right direction.

Hallelujah, brother !!!!!!....


THE WHOLE POINT OF A-H STRATEGY IS TO RE-COUP ANY AND ALL LOSSES WHEN THE MARKET IS "CORRECTING" AGAINST THE MAJOR TREND
Hi Jacko!
I bought at 1.3600 after price came up from around 1.3560
and bought also 4 Lot at 1.3630 where I had the AH Buy Stops.

Before I saw your strategy I was trading without Indikators, using only price action and Fibonacci Retracements with a very good Stop atrategie, and it worked very well for me. But my biggest Problem was that I did not Focus on 1 Currency Pair. Thanks for that, now I trade only Eur/Usd and make more money than before, trading 3 to 5 pairs. I learned from you to concentrate on 1 pair, and of course your AH Strategie, that is simple but genial.

Thanks again for this easy way to trade the forex market.
Regards Erkro
  • #732
  • Edited 4:02pm Aug 29, 2007 2:26pm | Edited 4:02pm
my anti hedge kicked in as well at 3630... also same as cesar, went long at 3600, but closed half position at 3630. strategy working well for me past few months, thanks jacko!

trev

Update: closed both trades at 1.3675. price hasnt gone much past 3680 all week, no point in paying wednesday swap if price is going to retrace. If I am wrong, i have an order waiting at 1.3700.
  • #733
  • Aug 29, 2007 4:31pm Aug 29, 2007 4:31pm
Quoting vinnie99
I have buy the EUR/USD at 1.3640 and also sell it at 1.3678. Now I am in a Hedge position. I could be wrong both side.
As expected the EUR/USD currency went down at the London opening.
I have a loss of 13 pips and earned 101 pips from my 1.3678 trade.

I have also bought the EUR/USD today according the "trendfollowing" rules at an institutional level of 1.3570 and re-enter the trade at 1.3578.

My trades today are:

Limit 1.3570 Stop Loss 1.3556 expect 160+
Limit 1.3578 Stop Loss 1.3556 expect 100+

GREAT DAY!
  • #734
  • Aug 30, 2007 3:21am Aug 30, 2007 3:21am
Hi,

EURUSD right now is consolidating in a range, in such condition hedging works well, but u never know when the range will be broken and the pairs may go up or down several hundred pips.
  • #735
  • Aug 30, 2007 11:58am Aug 30, 2007 11:58am
Quoting FXHolic
Hi,

EURUSD right now is consolidating in a range, in such condition hedging works well, but u never know when the range will be broken and the pairs may go up or down several hundred pips.
If the EURUSD are in consolidating in a range rigt now, I am looking for a hedge, because you never now it could be broken up or down. This works fine for me. It takes lots of risk, but hey, big risk = big rewards.

I think the 1.3680 is the key number right now. If this is broken, I expect a breakout.
  • #736
  • Aug 30, 2007 1:04pm Aug 30, 2007 1:04pm
Quoting trevwest
my anti hedge kicked in as well at 3630... also same as cesar, went long at 3600, but closed half position at 3630. strategy working well for me past few months, thanks jacko!
I started doing different now. My entries are following Jacko's strategy, But I TP 3/4 at the stall, looking exactly as 3680 (as mentioned) as a key price to break. If it is not tested, I bank the profit...

OK, it's not following the rules, but I cannot afford this ranging volatile moves in Euro most of the time losing. This 50 trailing is killing me

But I manage to stay in the market in case the breakout comes, only with smaller lots.
  • #737
  • Aug 30, 2007 6:01pm Aug 30, 2007 6:01pm
Quoting cesarnc
I started doing different now. My entries are following Jacko's strategy, But I TP 3/4 at the stall, looking exactly as 3680 (as mentioned) as a key price to break. If it is not tested, I bank the profit...

OK, it's not following the rules, but I cannot afford this ranging volatile moves in Euro most of the time losing. This 50 trailing is killing me

But I manage to stay in the market in case the breakout comes, only with smaller lots.
Yeah i didnt think there was a high chance of price breaking 3680... so i took profit at 3675 after it tested 3680 and failed. was the right choice since i would have been stopped at 3630 on the retrace. my only regret now is not getting back in at 3600. other than the anti-hedge and buying on round #s, theres not any strict rules to this method, jacko states early in the thread he uses discretion to open and close trades at times. the power of this method i think is keeping losses to a minimum, and banking small profits until you can catch the big ride. i would be interested to see how many pips jacko averages on his trades... i have been using this method for a couple months so its not a good picture of how effective it can be, but i have banked 379 pips on 31 total lots traded.... which works out to about 12 pips per trade profit. 18 wins, 13 losses.
  • #738
  • Aug 30, 2007 6:21pm Aug 30, 2007 6:21pm
Quoting trevwest
Yeah i didnt think there was a high chance of price breaking 3680... so i took profit at 3675 after it tested 3680 and failed. was the right choice since i would have been stopped at 3630 on the retrace. my only regret now is not getting back in at 3600. other than the anti-hedge and buying on round #s, theres not any strict rules to this method, jacko states early in the thread he uses discretion to open and close trades at times. the power of this method i think is keeping losses to a minimum, and banking small profits until you can catch the big ride. i would be interested to see how many pips jacko averages on his trades... i have been using this method for a couple months so its not a good picture of how effective it can be, but i have banked 379 pips on 31 total lots traded.... which works out to about 12 pips per trade profit. 18 wins, 13 losses.
Just to highlight that all major pairs and carry trades, no exception and Dow Jones are showing a pattern like this one...

http://i2.photobucket.com/albums/y28/cesarnc/gu2.gif

There is a nice.. not nice...a big, not big, a MONSTROUS breakout across the board in the cooking right now...

This is one kind of setup we ask God for. We have to wait months to find one of these bad boys.

I just hope it pops to the upside (the trend) tomorrow with Bernanke's. In this case, it is jump in the space shuttle and enjoy the joyride.

3680 first jump, 3700 full power. For this set up I'm going heavier in Cable though.
  • #739
  • Aug 30, 2007 6:40pm Aug 30, 2007 6:40pm
Quoting cesarnc
Just to highlight that all major pairs and carry trades, no exception and Dow Jones are showing a pattern like this one...



There is a nice.. not nice...a big, not big, a MONSTROUS breakout across the board in the cooking right now...

This is one kind of setup we ask God for. We have to wait months to find one of these bad boys.

I just hope it pops to the upside (the trend) tomorrow with Bernanke's. In this case, it is jump in the space shuttle and enjoy the joyride.

3680 first jump, 3700 full power. For this set up I'm going heavier in Cable though.
Yeah, it's exciting just thinking about it. Never miss it people.
In this business you dont make money everyday, but that's one of the days that you shouldn't miss.
  • #740
  • Aug 30, 2007 6:47pm Aug 30, 2007 6:47pm
Quoting cesarnc
Just to highlight that all major pairs and carry trades, no exception and Dow Jones are showing a pattern like this one...

http://i2.photobucket.com/albums/y28/cesarnc/gu2.gif

There is a nice.. not nice...a big, not big, a MONSTROUS breakout across the board in the cooking right now...

This is one kind of setup we ask God for. We have to wait months to find one of these bad boys.

I just hope it pops to the upside (the trend) tomorrow with Bernanke's. In this case, it is jump in the space shuttle and enjoy the joyride.

3680 first jump, 3700 full power. For this set up I'm going heavier in Cable though.
LOL,

Are you hoping for a breakout? Me noo. breakout are very dangerous.
Most breakouts are Fake. Dont trust them.
I see what happens next.
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