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Jacko's Forex House of Pleasure and Pain

  • #1,001
  • Oct 3, 2007 12:20pm Oct 3, 2007 12:20pm
Quoting jacko
No offence taken. I wasn't offended.

I want to put it on the Forum but Mark is absolutely dead against it.

To me, the A-H is nothing special. But it works!!!
The new idea is similar. Nothing complex. But it worked on our backtests. And it is working on its first live trial. (Our little "baby"/idea is born.....And I am just a little "pumped" by that!!)


.
Oh jacko... quit playing around with these guys... Tell them about buying ATM puts and calls at areas of S&R... cmon now...
Mr. Trend
  • #1,002
  • Oct 3, 2007 12:21pm Oct 3, 2007 12:21pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jacko
No offence taken. I wasn't offended.

I want to put it on the Forum but Mark is absolutely dead against it.

To me, the A-H is nothing special. But it works!!!
The new idea is similar. Nothing complex. But it worked on our backtests. And it is working on its first live trial. (Our little "baby"/idea is born.....And I am just a little "pumped" by that!!)


.
Hi Jacko
is it that he wants to perfect it first or just refuses to share, i find that hard to belive because you have given us so much.

maybe he needs us to send him that special something.LOL

stopped out on all EU trades after this latest drop. now looking for better entries.

please keep the little clues coming, i'm sure the penny will drop soon. How about we run a any clue competition.

I'm going with a new A-H of 40pips trailing by 10 and adding new positions every 50pips.

Next

regards

MPP
  • #1,003
  • Oct 3, 2007 12:26pm Oct 3, 2007 12:26pm
Quoting Mr Trend
Oh jacko... quit playing around with these guys... Tell them about buying ATM puts and calls at areas of S&R... cmon now...
No....nothing to do with options.
  • #1,004
  • Oct 3, 2007 12:28pm Oct 3, 2007 12:28pm
Quoting jacko
No....nothing to do with options.
I'm actually on you already. I've read the books... not the latest market wizards, but I think I have an idea...
Mr. Trend
  • #1,005
  • Oct 3, 2007 12:32pm Oct 3, 2007 12:32pm
See responses below:

Quoting MPP
Hi Jacko
is it that he wants to perfect it first or just refuses to share, i find that hard to belive because you have given us so much. He refuses to share.!!!

maybe he needs us to send him that special something.LOL He says a million bucks wouldn't even persuade him....but he will look at higher offers !!

stopped out on all EU trades after this latest drop. now looking for better entries.

please keep the little clues coming, i'm sure the penny will drop soon. How about we run a any clue competition. This is my last response to questions about it.

I'm going with a new A-H of 40pips trailing by 10 and adding new positions every 50pips. Nope. Not even close

Next

regards

MPP
  • #1,006
  • Oct 3, 2007 12:36pm Oct 3, 2007 12:36pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
it's heart breaking, this thread will curl up and fade away without you. don't say you won't leave, you won't be able to work this sytem and the new one together and keep talking here about the old ways.

Best of pips to you

MPP
  • #1,007
  • Oct 3, 2007 12:37pm Oct 3, 2007 12:37pm
I don't blame him. I wouldn't share it neither.

This thread amuses me. People on Internet forums expect everything to be shared. Yet if half of the folks knew people who actually made money at this business, they would realize REAL quick that most traders who have a lot of experience and have edges would laugh at the thought of sharing them.

Most guys I know, much like Mark, don't even frequent forums... and their reasons are much like Mark's...

Some of us still haven't gotten to that total annoyed part yet, where we just give up on forums...

Y'all should be happy Jacko has given you the morsels you've gotten so far. He's VERY VERY rare.
Mr. Trend
  • #1,008
  • Oct 3, 2007 12:40pm Oct 3, 2007 12:40pm
Maybe we should outha have Guido pay him a little visit....He' VERY persuasive.......
Same Whore .... Different Dress
  • #1,009
  • Oct 3, 2007 12:40pm Oct 3, 2007 12:40pm
Quoting jacko
Go Newton,

LOL ....The guy is a plunger !!

His first "live" test of our new trading idea is working very well !!! (It worked well on backtesting but it is always nice to have a "win" first time out).

.
Way to go Newton.....
  • #1,010
  • Oct 3, 2007 12:47pm Oct 3, 2007 12:47pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Mr Trend
I don't blame him. I wouldn't share it neither.

This thread amuses me. People on Internet forums expect everything to be shared. Yet if half of the folks knew people who actually made money at this business, they would realize REAL quick that most traders who have a lot of experience and have edges would laugh at the thought of sharing them.

Most guys I know, much like Mark, don't even frequent forums... and their reasons are much like Mark's...

Some of us still haven't gotten to that total annoyed part yet, where we just give up on forums...

Y'all should be happy Jacko has given you the morsels you've gotten so far. He's VERY VERY rare.
I agree he's very rare, but unlike you, i respect the atttitude and do as much as i can to share what little i have already learned. it seem to me it's in Jacko's nature to share and he is now torn between his loyalty to his friend and the need to share. otherwise he wouldn't be throwing out little bites.

I'd go with my friends request, but, i expect we will find the answer someday, perhaps mark is planing a book or website, i'll buy into either. i don't expect things to be free, i just feel that jacko is torn and this will affect this thread.

Anyway, i look forward to the poll on ideas, and hope that mark will PM us all when the book is released.

regards

MPP
  • #1,011
  • Oct 3, 2007 12:50pm Oct 3, 2007 12:50pm
Quoting jacko
Hi Archer,

Thanks for your kind words. I really appreciate it

By the way, I have spoken to Mark...or rather, he has spoken to me...on numerous occasions....and he has absolutely no interest in posting in this forum or any other forum. Like most brokers, he is waay past talking to anyone about trading stategies etc.

He just wants to trade and make money!!!!

He says that he has seen it all and heard it all many times before (especially from inexperienced traders who think that they know it all) . He just wants to read his Bloomies, Reuters, Wall St Journal and Financial Times.

Then, he just wants to trade and make money!!!!

He doesnt want to tell anybody on forums anything because he thinks it is just a waste of time. He is a bit cynical and jaded, our Mark, but we all love him. He doesn't try to be rude or anything...it's just that...

he just wants to trade and make money!!!!


If anyone is waiting for a comment from Mark, then I suggest that you contact me as soon as you see a pig flying past. (his favourite expression is "... and pigs might fly !!!)


.

The above post pretty much sums up Mark and his attitude to the Forum.

As Mr Trend says, very few brokers visit the Forums. Some places even have a policy against posting, unless it is for news items and is authorised by the brokerage.

Also, Mark is only interested in one thing....he just wants to trade and make money!!!!

.
  • #1,012
  • Oct 3, 2007 12:55pm Oct 3, 2007 12:55pm
Quoting MPP
I agree he's very rare, but unlike you, i respect...
Well let's just put it this way... when you get to the point where you've worked your ass off to get where you are, and you've unfortunately spent the amount of a standard tuition for four years at Stanford, and you've made stupid mistakes all that time and are finally at a point where you are making money, you'll also have the same attitude about "sharing" with people on the Internet. And don't say you won't, because you will.

I mentor two people whom I have personal contact with. Not Internet-based. So I'm not saying you shouldn't help people out.

A good mentor doesn't sit here and throw out systems to people who aren't going to follow them anyway. They coach them on the mental issues and work through them and they listen... THAT'S what makes a good mentor.

A good mentor shares general ideas and gives out ideas... but never just shares his entire toolbox, because that's not what the pupil needs.

Finally, this is why most people fail at trading -- because they don't get this very simple concept.
Mr. Trend
  • #1,013
  • Oct 3, 2007 1:11pm Oct 3, 2007 1:11pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Mr Trend
Well let's just put it this way... when you get to the point where you've worked your ass off to get where you are, and you've unfortunately spent the amount of a standard tuition for four years at Stanford, and you've made stupid mistakes all that time and are finally at a point where you are making money, you'll also have the same attitude about "sharing" with people on the Internet. And don't say you won't, because you will.

I mentor two people whom I have personal contact with. Not Internet-based. So I'm not saying you shouldn't help people out.

A good mentor doesn't sit here and throw out systems to people who aren't going to follow them anyway. They coach them on the mental issues and work through them and they listen... THAT'S what makes a good mentor.

A good mentor shares general ideas and gives out ideas... but never just shares his entire toolbox, because that's not what the pupil needs.

Finally, this is why most people fail at trading -- because they don't get this very simple concept.

Thats a fair point, and this can be seen by the amount of money being lost by new traders on other threads, trying to follow other calls and not having a clue what the indicators mean. I have worked my ass of all my life and understand that nothing comes free in this world. unfortunatly i am a carpenter and don't have the fortune of finding a mentor, i was however lucky enough to find Jacko's thread and have added his system to the one i was already using.

As a carpenter i wouldn't lend you a single tool, but i would teach you how to use the right tool for the right job, jacko did that for me.

I don't want the tool box, i'll take the big arrow that says, read this, study this and build my own tool box. the one i have is already good but there's always room for improvements.

I don't know how many ideas i've seen and tried but i always come back to my old ways, that are now coupled with jacko's.

It's just ashame i don't have the education to know where he is going with this. In time it may come, so i wait with patience.

perhaps Mr trend you have a direction for me to follow?

regards

MPP
  • #1,014
  • Oct 3, 2007 1:28pm Oct 3, 2007 1:28pm
very good explained mr.trend.. Hmm i think its the ilusion people have regarding trading,forex and trading on margin. I have payed for books and education and i wanted to spread my horizone and contacted a mentor and just to give an idea what such person cost its about 100 dollar per working hour. I have written some time ago if jacko ever manage to get to denmark i have a drink ready for him cause the AH is in my tool box and indeed the best ranked tool i just use it sligthly different.


revoke
  • #1,015
  • Oct 3, 2007 2:33pm Oct 3, 2007 2:33pm
Quoting jacko
Hi spike71,

Having said that, Newton (Newbietrader101) who we talk to every couple of days has gone short (because 1. he is live testing our new trading idea.....and 2. because he is a madman).

.
Jacko's new approach is interesting. He can't give it up so we have to try to figure it out. Part of growing...
Jacko approach is going short!!
  • #1,016
  • Edited Oct 4, 2007 12:22am Oct 3, 2007 8:37pm | Edited Oct 4, 2007 12:22am
Look there goes one now..........

http://www.syddware.com/SyddZoo/PetZ...s/s_flypig.gif
Same Whore .... Different Dress
  • #1,017
  • Oct 3, 2007 9:46pm Oct 3, 2007 9:46pm
Quoting jacko
Hi spike71,

..........................

Having said that, Newton (Newbietrader101) who we talk to every couple of days has gone short (because 1. he is live testing our new trading idea.....and 2. because he is a madman).

.......................

.
Newt is doing very well on this trade.

Now I am starting to get jealous that I didn't take the same trade.


.
  • #1,018
  • Oct 3, 2007 9:55pm Oct 3, 2007 9:55pm
Jacko,

Can we ask yes/no questions regarding this strategy? That way you're not really revealing anything?

I'll go first. Is it a stop and reverse strategy?
  • #1,019
  • Oct 3, 2007 11:25pm Oct 3, 2007 11:25pm
Quoting jacko
Newt is doing very well on this trade.

Now I am starting to get jealous that I didn't take the same trade.


.
From that statement we can tell he has shorted the pair yesterday or maybe late the day before, and I would guess he is trailing his stop, with an AH maybe following that order so when this retracement turns back around the AH will kick in.
just a guess.....
Same Whore .... Different Dress
  • #1,020
  • Oct 3, 2007 11:36pm Oct 3, 2007 11:36pm
Quoting b-rock
Jacko,

Can we ask yes/no questions regarding this strategy? That way you're not really revealing anything?

I'll go first. Is it a stop and reverse strategy?
I think he clearly expressed that he will not give out any more information.

I will take a stab at it though...

Here is a simple idea...

What would happen if you made your 50 pips trailing stop with twice as many lots as your open position?

Would you say this would allow you to pick up pips on the way down?
(Exercising caution of course)
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