Jacko's Forex House of Pleasure and Pain | Page 46 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #901
  • Sep 24, 2007 7:12am Sep 24, 2007 7:12am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting vinnie99
Yes,

1,4120 is a strong resistance. You can Short from there. But you should also look for a hedge because we are in a strong uptrend.
1,4050 is a nice buy.

short and hedge, read page one again. or for general discussion look at the Eur/Usd thread, you will get better input from others there on this type of stratagy

http://forexfactory.com/showthread.php?t=10372

this is Jacko's journal remember.
  • #902
  • Sep 24, 2007 9:55am Sep 24, 2007 9:55am
First were the people crying about the weak dollar. Then emerged the people crying about the strong euro...

I love forex...

http://www.cnbc.com/id/20953662/site/14081545

Just to share the information, not a trade advice.
  • #903
  • Sep 24, 2007 2:14pm Sep 24, 2007 2:14pm
Quoting MPP
short and hedge, read page one again. or for general discussion look at the Eur/Usd thread, you will get better input from others there on this type of stratagy

http://forexfactory.com/showthread.php?t=10372

this is Jacko's journal remember.
Exactly! Vinnie, could you please keep the hedging talk out of this discussion. It's Jacko's journal and the only hedging he talks about is his "Anti-Hedging" which is quite different.
  • #904
  • Sep 24, 2007 7:55pm Sep 24, 2007 7:55pm
Yes Anti-hedging is perfect and works on any pair and any TF.
  • #905
  • Sep 24, 2007 10:07pm Sep 24, 2007 10:07pm
Quoting SeekingLight
Hi Tom,

I know I'm not jacko, but I assume everyone in here - including jacko - is going long only due to us being in an uptrend. jacko has explained this many many times.
This fact won't change until some of the lower trendlines get wiped out (or in my case we get a giant weekly PB).

So I doubt anyone is taking any shorts simply based on a number or TL (which here on the top has been exceeded) right now.



Take care,


SeekingLight

Correct


.
  • #906
  • Sep 24, 2007 10:08pm Sep 24, 2007 10:08pm
Quoting Ecirbaf
I think you are wrong because price is in a strong uptrend. So, if you think that the price will go down, you should wait and buy the retracement.
That's what I would do. Wait a retracement at 4000 and get on position on a breakout.

Fabrice

Correct.
  • #907
  • Sep 24, 2007 10:09pm Sep 24, 2007 10:09pm
Quoting MPP
OK FD
if you are short, you need to go back to page 1 and find you a 5year old.

Never trade against the trend.


so assuming you went long at 1.4050, price moves to 1.480, sl has moved from 1.4000 to 1.4030, but then price drops to 1.4020 and your sl is hit at 1.4030.

you now need to wait for the price to drop at least 50pips below were you got hit and then place the AH at 1.4030. so price would need to drop to 1.3080.

hope this helps and i am sure if i am wrong someone else will let you know.

Correct


.
  • #908
  • Sep 24, 2007 10:09pm Sep 24, 2007 10:09pm
Quoting ianf0ster
Hi,
In theory the A-H works for shorts the same as for longs. BUT they must be with the long term trend - because it relies upon a trend resumption ( i.e. 50 pips {for the E/U } beyond your stop out before you can set your entry again) to get you back in again at the price you got stopped out.

I hope that this helps.

Ian

Correct.


.
  • #909
  • Sep 25, 2007 4:56am Sep 25, 2007 4:56am
Hi Jacko,
I just signed up and got a user-name to compliment you on your journal.

( and I regret it a bit already because like after some hours I got spam through the pvt message system tzzzz )

Keep that Gold Barrel rolling home Jacko,

She is just scratching .41 ;-) this morning. And at around 15:00 she plugs in the afterburner.
  • #910
  • Sep 25, 2007 10:08am Sep 25, 2007 10:08am
With a morning high of 1.4152 (so far), is anyone looking to buy on a 1.4100 dip, or is it too soon/close to be looking for entry points?
Pippin' ain't easy.
  • #911
  • Sep 25, 2007 10:42am Sep 25, 2007 10:42am
It's interesting question, from sep 04 euro does not make any significant retracement, now 1,4050 does not look realistic, as I see it the max possible retrace now is to 1.4075 and maybe will not go below 1.4100. Any other opinions?
  • #912
  • Sep 25, 2007 12:47pm Sep 25, 2007 12:47pm
Quoting alexfot
It's interesting question, from sep 04 euro does not make any significant retracement, now 1,4050 does not look realistic, as I see it the max possible retrace now is to 1.4075 and maybe will not go below 1.4100. Any other opinions?
well, then buy at 1.4100 and use the anti-hedging technique. can't go wrong with that.
Take a report.
  • #913
  • Sep 25, 2007 2:48pm Sep 25, 2007 2:48pm
Back on March 29, 2006 you made what amounts to a prophetic call on the market. Those who have read all of your posts will know what I'm talking about. What, if anything, do you see in the future that may cause you to turn short. I can't see much. But, I'm not omnipotent and I also don't have 20+ years of experience watching the markets. What I see is the Fed lowering rates a bit more before year end to help salvage what is left of the housing market and stem some of the foreclosure that will surely be booked if they don't. Furthermore, I see the EU under some pressure to respond with lower rates to bolster exports. Those actions should have us banging around in some sort of narrowing but trending up (EUR/USD) range next year. But I really dont think there will be a reversal in the trend during the next say, 18 months. I don't really have the guts to make a call like you did 18 month ago. But I think I am on the tight track. Short the dollar till March 2009 or beyond? Get me inside the mind of Jacko!
Archer
  • #914
  • Sep 27, 2007 3:53am Sep 27, 2007 3:53am
Hi Jacko,

I am interested to know how you trade in the current market condition in which there has not been a significant retrace for quiet a few days on the EURUSD daily since the last stop out. Do you wait on the side for a retrace or are you buying at new high breakouts as well?

Keep up the excellent work!!

R.
  • #915
  • Sep 27, 2007 4:21am Sep 27, 2007 4:21am
Options barriers reported at 4200, 4225, 4250
  • #916
  • Sep 27, 2007 4:44am Sep 27, 2007 4:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Options barriers reported at 4200, 4225, 4250
Hi Cesarnc
can you please explain the relavance of option barriers, will they help go long or reverse the current trend.

MPP
  • #917
  • Sep 27, 2007 4:52am Sep 27, 2007 4:52am
Quoting MPP
Hi Cesarnc
can you please explain the relavance of option barriers, will they help go long or reverse the current trend.

MPP
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM6gKn83zxZY&refer=home

  • #918
  • Sep 27, 2007 4:55am Sep 27, 2007 4:55am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM6gKn83zxZY&refer=home

Great read, thanks
  • #919
  • Sep 27, 2007 6:53am Sep 27, 2007 6:53am
Hi all, hi Jacko,

Jacko, I wonder one thing concerning your strategy.
I think I have well understood the AH pattern and your entry criteria.
I also think you have a great feeling of the eurusd trend. But...
My question is: when you have just entered a long position, how do you estimate you have caught a good entry point ? I can't believe you simply wait that the market tells you were wrong by putting you out on your 50 pips trailling stop. You trade on price action, so you must wait some kind of action from your entry point. Don't you ?

Regards,

Fabrice
  • #920
  • Sep 27, 2007 7:40am Sep 27, 2007 7:40am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi Ec
I am sure jacko will be back to fill you in, but, i thought i would add my 2 pips.
Firstly i keep my Daily, and 4h trendlines uptodate, with the 50% fib showing.

I then look at the candles on the 4h tf, if we are at the top of a 4h candle i will look to see were my TL and Fib is in comparison.

I will then look for a nice round number, that is somwhere near the midle of the 4h candle as i expect the next candle to retrace a little.

that said if the candle is near the top of a 4h tl i would look also to see if there was a nice round number near the bottom TL and target that

once my entry is made i will then add more longs as we go long every 50 - 100pips, all with the normal Jacko statagy's in place. this is because i am using a mini account and only 2% MM, once i have made 50pips i am breakeven and can add lots.

Current positions open

1.4100
1.4150

positions from 1.3800, 1.3900 and 1.400 closed out.

please understand this is just my way, but i hope it helps you think about the main points of Jacko's practice, a few trendlines and 50%fib.

best of pips

MPP

Quoting Ecirbaf
Hi all, hi Jacko,

Jacko, I wonder one thing concerning your strategy.
I think I have well understood the AH pattern and your entry criteria.
I also think you have a great feeling of the eurusd trend. But...
My question is: when you have just entered a long position, how do you estimate you have caught a good entry point ? I can't believe you simply wait that the market tells you were wrong by putting you out on your 50 pips trailling stop. You trade on price action, so you must wait some kind of action from your entry point. Don't you ?

Regards,

Fabrice
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