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Jacko's Forex House of Pleasure and Pain

  • #1,021
  • Oct 4, 2007 1:07am Oct 4, 2007 1:07am
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.


.
to Jacko and Mark, thank you, thank you, thank you, thank you,thank you, thank you. the day I met you guys was THE biggest turning point in my life.


http://www.forexfactory.com/showpost.php?p=190322&postcount=1
  • #1,022
  • Oct 4, 2007 6:49am Oct 4, 2007 6:49am
Quoting newbietrader101
to Jacko and Mark, thank you, thank you, thank you, thank you,thank you, thank you. the day I met you guys was THE biggest turning point in my life.


http://www.forexfactory.com/showpost.php?p=190322&postcount=1
Me too.. thank you guys for sharing with us
  • #1,023
  • Oct 4, 2007 10:05am Oct 4, 2007 10:05am
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.


.
Market at 4135.

Newt has just gone short again. Second trigger from the new idea.

Not a recommendation
  • #1,024
  • Oct 4, 2007 10:30am Oct 4, 2007 10:30am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jacko
Market at 4135.

Newt has just gone short again. Second trigger from the new idea.

Not a recommendation

Against the trend!!

how does that feel, it's weird for me to even think that way.
  • #1,025
  • Oct 4, 2007 10:39am Oct 4, 2007 10:39am
Quoting MPP
Against the trend!!

how does that feel, it's weird for me to even think that way.
He's probably checked these charts...

Mark
.
Attached Images
  • #1,026
  • Oct 4, 2007 11:51am Oct 4, 2007 11:51am
Jacko, wow this is truly a great thread. very simple and too the point. i understand that you use trendlines (one of MY good friends!) on the euro, but to what extent do you use them? do you use them to gauge the strength of the trend or do you use them as entry points? here is how i have been playing them recently. http://img.photobucket.com/albums/v6...owl/euro4h.gif
  • #1,027
  • Oct 4, 2007 8:27pm Oct 4, 2007 8:27pm
Hey Jacko love your thread!

Just out of curiousity have you tracked the # of pips you gain per week or month on average? I know it will vary but just curious as to what it may be.

And I still do trade a system similar to yours, I have implimented a anti-hedge that has greatly helped the system.

Thanks in advance for your reply!
LETS PLAY HOCKEY!
  • #1,028
  • Oct 5, 2007 7:27am Oct 5, 2007 7:27am
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.


.
Come on Jacko. I feel you are very proud of your baby strategy. Tell us more :-)
(just kidding)

Personaly, Jacko never taught me something I already knew - he's just a trend follower - but he makes me a life demonstration of how easy it can be to follow the trend. And that's what I really need: confidence !
(I just need a little more time to trade, and a little more bucks also :-))

I don't take what he says as gold either (not sure it's a good french-english translation), especially concerning the trend definition. Maybe I should. Maybe I'm too cautious.

So, I don't think the most difficult part is to ride the trend but to define it quickly. (I insist on quickly)

In a trend following system, you will always "loose" a lot of pips in the begining of the trend during the time you need to define the trend. In a very long trend like this one it's not that an issue but in shorter ones you may have find the trend when it's already reaching its end and that's could be very costly.
So, you may surely define the trend with the 5-years old boy method on a 15min, 1h or 1day chart and adapt the AH pips level consequently once well established but will you for instance re-enter that uptrend that simply having noticed the new chineese fund ? Do you still consider it's an uptrend ?
Do you understand what I mean ? I'm not trying to find a method to define the trend based on a lagging moving average neither on price behaviour. It's more about probabilities (not psychology) based on big events and reactivity. How does that count in your trend following strategy ?
Sorry, my english is so-so and i'm a very very newbie trader.
So, please, give me again some confidence on that. :-)
Thanks all.

Fabrice
  • #1,029
  • Oct 5, 2007 7:46am Oct 5, 2007 7:46am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jacko
Market at 4135.

Newt has just gone short again. Second trigger from the new idea.

Not a recommendation
Nice result today for that short, will you let us know when he's long again. i'm expecting this to go to around 1.3920 before going long again.
  • #1,030
  • Oct 5, 2007 8:09am Oct 5, 2007 8:09am
Quoting jacko
Market at 4135.

Newt has just gone short again. Second trigger from the new idea.

Not a recommendation
Well done Newbie, Jacko and Mark! Looks like Newbie is buying dinner and drinks this weekend.
  • #1,031
  • Oct 5, 2007 8:13am Oct 5, 2007 8:13am
Newbie... you suck.
Mr. Trend
  • #1,032
  • Oct 5, 2007 8:20am Oct 5, 2007 8:20am
Quoting MPP
Nice result today for that short, will you let us know when he's long again. i'm expecting this to go to around 1.3920 before going long again.
Not me. I am a buyer at 4100. When you see a bunch of pairs all doing one thing and a couple doing the other, you need to watch and get ready to react. That's the case today. Everyone is selling USD on AUD... selling USD on CAD, etc... but yet, USD is being bought on EURUSD for the most part... that should make you raise an eyebrow...
Mr. Trend
  • #1,033
  • Oct 5, 2007 8:26am Oct 5, 2007 8:26am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Mr Trend
Not me. I am a buyer at 4100. When you see a bunch of pairs all doing one thing and a couple doing the other, you need to watch and get ready to react. That's the case today. Everyone is selling USD on AUD... selling USD on CAD, etc... but yet, USD is being bought on EURUSD for the most part... that should make you raise an eyebrow...
waiting for EU to retrace to go long, looking to see if it will make 1.3950, my charts think it will. may let today play out and enter on monday.

still long on AU and AJ. never sure if i'm on the right track so i found your support very reasuring.
  • #1,034
  • Oct 5, 2007 8:35am Oct 5, 2007 8:35am
Quoting Mr Trend
Newbie... you suck.
Same Whore .... Different Dress
  • #1,035
  • Oct 5, 2007 8:40am Oct 5, 2007 8:40am
Quoting Mr Trend
Not me. I am a buyer at 4100. When you see a bunch of pairs all doing one thing and a couple doing the other, you need to watch and get ready to react. That's the case today. Everyone is selling USD on AUD... selling USD on CAD, etc... but yet, USD is being bought on EURUSD for the most part... that should make you raise an eyebrow...
Yes, I agree Mr.Trend USD went down against CAD and USD, moved up slightly against GBP and made a huge move up against euro, that was wierd. I expect that euro will bounce up very soon, bearing in mind all said above.
  • #1,036
  • Oct 5, 2007 9:09am Oct 5, 2007 9:09am
Quoting jacko
Market at 4135.

Newt has just gone short again. Second trigger from the new idea.

Not a recommendation
Market at 4150.

Newt has just gone short again.

Third trigger from the new idea....going for 3 from 3. (He has got guts!!)

Now I am REALLY getting jealous !!!

Not a recommendation


.
  • #1,037
  • Oct 5, 2007 9:13am Oct 5, 2007 9:13am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting jacko
Market at 4150.

Newt has just gone short again.

Third trigger from the new idea....going for 3 from 3. (He has got guts!!)

Now I am REALLY getting jealous !!!

Not a recommendation


.

did he exit the 1.4135 trade and if so at what point?
  • #1,038
  • Oct 5, 2007 9:22am Oct 5, 2007 9:22am
Quoting MPP
did he exit the 1.4135 trade and if so at what point?

Newbie has been banned from this thread....by Mark.

I am not prepared to say when or where he got in or out of the trades but, in the last two trades combined, he made in excess of a 150 pips per contract. And he has multiple standard contracts.

.
  • #1,039
  • Oct 5, 2007 9:52am Oct 5, 2007 9:52am
Quoting MPP
Hi Jacko
how? the low is only 100pips from newtons last entry you posted here, and you've been bragging about the new system. WHY.

we love the system in place and have great respect for you, but it's like your just rubbing it in our faces. i only ask for the exit so i can see if anything i am looking at correlates. obvioulsy mark feels we are closeing in on his new toy.

I hope you can put the new system to one side and come back to help the new traders as you have in the past.

Kind regards

MPP
Hi MPP,

1. Read it again: "in the last two trades combined, he made in excess of a 150 pips per contract"

2. I am not bragging (OK, I am a little....)

3. I gave you an entry....if I give you the exit Mark will be VERY, VERY upset. I am sure that you are not the only one trying to work this method out by using correlation analysis. (By the way, what is wrong with just getting a good entry point...???).

4. I haven't moved our original trading stategy aside. In regard to trend trading, we are flat since last Friday and are waiting to re-enter on the long side.

5. Marks "new toy" (as you call it) is nice but out primary strategy of trend trading will leave it in the dust over the longer term. Stick with that and try to be patient. This market will be around long after you and I are dead.

6. Please don't use aggressive terms on this Forum. Most of the experienced traders would get upset at the tone of your second paragraph. They give their time and experience FREE.

7. I suggest that you do NOT respond to this post. I suggest that you re-evaluate what you are trying to obtain from this forum. (Entry and Exit points??? I am not a signal provider!!!!)


.
  • #1,040
  • Oct 5, 2007 10:11am Oct 5, 2007 10:11am
.........On another note.

I have gone through this thread at the recommendation of a good freind and it has been well worth it.

Please continue with whatever and wherever your heart leads you. You are phenomenal teacher.....your words ring true!

Regards and Thanx,

HJ
HeavyJ -"Posterboy for Spellchecker!" "Will work for pips!"
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