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Jacko's Forex House of Pleasure and Pain

  • #1,061
  • Oct 8, 2007 12:41am Oct 8, 2007 12:41am
Quoting charlinks
Jacko,

Let's consider that after conducting your businesses one way or another you have made a nice profit and you are now sitting on a $5M cash. Do you get worried about the $ being devalued? In other words... since you made a lot of dollars by selling the dollar would it make sense to convert some of it to Euros?


I am curious because I am sitting on a smaller fortune but it is really what got me into the forex. I wanted to protect my savings and bought EURUSD for the size of my savings. Then I realized the potential of the leverage...

Thanks for a great thread!
Hi charlinks

Simple.
Buy a number of Euro contracts to the value of your USD holdings and "leave them in the drawer".
As the USD drops, your Euro contracts increase by the same amount. (Effectively it is a real "hedge").




.
  • #1,062
  • Oct 8, 2007 12:50am Oct 8, 2007 12:50am
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


.
Price at 1.4133

London will open in a short while.

I think that Newt has a good trade here.

Big Call.....I think it may drop to 1.3850 in next couple of weeks.



But.......I could be wrong !!!!!

Definitely NOT a recommendation.....because it is a counter trend trade.


.
  • #1,063
  • Oct 8, 2007 1:15am Oct 8, 2007 1:15am
Quoting jacko
Price at 1.4133

London will open in a short while.

I think that Newt has a good trade here.

Big Call.....I think it may drop to 1.3850 in next couple of weeks.



But.......I could be wrong !!!!!

Definitely NOT a recommendation.....because it is a counter trend trade.


.

Market has just dropped to 1.4120.

Would someone like to verify that my post was not posted "after the fact".

.
  • #1,064
  • Oct 8, 2007 1:25am Oct 8, 2007 1:25am
Quoting jacko
Market has just dropped to 1.4120.

Would someone like to verify that my post was not posted "after the fact".

.
Just for posterity, would someone please verify the time of my post (at which time it was trading at 1.4133) and that it was only a few minutes before the market crapped out to its current price of 1.4115 (and dropping).

Newt will be happy.....Bastard!!!

I don't want a whole lot of newbies coming onto the forum later and saying that I was posting "after the event"


.
  • #1,065
  • Oct 8, 2007 1:28am Oct 8, 2007 1:28am
Quoting jacko
Market has just dropped to 1.4120.

Would someone like to verify that my post was not posted "after the fact".

.
Jacko:

Message came through loud and clear at 1:50am.
  • #1,066
  • Oct 8, 2007 1:37am Oct 8, 2007 1:37am
Quote
Quote:
Originally Posted by jacko http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=1632325#post1632325)
Price at 1.4133

London will open in a short while.

I think that Newt has a good trade here.

Big Call.....I think it may drop to 1.3850 in next couple of weeks.



But.......I could be wrong !!!!!

Definitely NOT a recommendation.....because it is a counter trend trade.


.


Market has just dropped to 1.4120.

Would someone like to verify that my post was not posted "after the fact".


Hi jacko

Yes, I can verify that you posted it before the drop. I have been following your thread very closely.
  • #1,067
  • Oct 8, 2007 1:40am Oct 8, 2007 1:40am
Quoting jacko
Just for posterity, would someone please verify the time of my post (at which time it was trading at 1.4133) and that it was only a few minutes before the market crapped out to its current price of 1.4115 (and dropping).

Newt will be happy.....Bastard!!!

I don't want a whole lot of newbies coming onto the forum later and saying that I was posting "after the event"


.
Anyone else like to confirm that price was at 1.4133 when I posted.

Now at 1.4109

.
  • #1,068
  • Oct 8, 2007 1:42am Oct 8, 2007 1:42am
.

Thanks apipintime and bakuli.


.
  • #1,069
  • Oct 8, 2007 1:51am Oct 8, 2007 1:51am
Quoting jacko
Anyone else like to confirm that price was at 1.4133 when I posted.

Now at 1.4109


.
Yes i can confirm Jacko.
  • #1,070
  • Edited 2:05am Oct 8, 2007 1:53am | Edited 2:05am
Quoting jacko
Just for posterity, would someone please verify the time of my post (at which time it was trading at 1.4133) and that it was only a few minutes before the market crapped out to its current price of 1.4115 (and dropping).

Newt will be happy.....Bastard!!!

I don't want a whole lot of newbies coming onto the forum later and saying that I was posting "after the event"


.
Jacko,

You have sent this signal WAY before the fact (last friday).

In fact it was the basis for a trade I made... (trying to upload an image of the trade here hope it works out...)

http://i227.photobucket.com/albums/d...Journal-01.gif

So this is a simple 4hr chart, not really a rocket science. We believe this will retrace back to at least 1.4025 (we will be manually changing stop loss with every cross of a fib line)

Please take this with a grain of salt, as we could be totally wrong.
  • #1,071
  • Oct 8, 2007 2:20am Oct 8, 2007 2:20am
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


.
Thanks Charlinks,

Yes, this third trade is still in play. He is 3 for 3.


.
  • #1,072
  • Oct 8, 2007 2:42am Oct 8, 2007 2:42am
Quoting jacko
Anyone else like to confirm that price was at 1.4133 when I posted.

Now at 1.4109

.
Hi Jacko!
I also confirm that price was at 1.4133 when you posted.
  • #1,073
  • Oct 8, 2007 3:17am Oct 8, 2007 3:17am
Quoting MythosKid
Jacko could you clarify one situation (chart attached).

Trade is entered at 1.3050, T/S 50 pips.
Stopped out at 1.3010 (40 pips loss).
Price falls more than 50 pips, A-H activated at 1.3010.
Price comes back A-H position opened at 1.3010, T/S 50 pips and stopped out again at 1.2975 (35 pips loss).

What's the next step with A-H?
Should I wait for the price drop 50 pips or place stop buy at 1.3010?

TIA

MythosKid
Quoting jacko
I would:

1. Place stop buy at 1.3010

AND

2. wait for the price to drop 50 pips (to 1.2925) and then put a stop buy at 1.2975



.
So you have 2 stop buys and both are triggered when market goes north again.

Just want to have it 100% right. Mistakes on the market cost money, questions don't.

Thanks for your help.

MythosKid
  • #1,074
  • Oct 8, 2007 7:14am Oct 8, 2007 7:14am
BUY the EUR/USD, a so called AH strategy @1.4091 with risk/rewards ratio of 1:9 and 1:17

  • #1,075
  • Oct 8, 2007 7:45am Oct 8, 2007 7:45am
Do I qualify for the secret if I foresaw 1.4015 becoming tangible a week ago, too?
Trust price. Know yourself.
  • #1,076
  • Oct 8, 2007 9:03am Oct 8, 2007 9:03am
newt is not the only one short the EUR/USD at this time 61 pip in my pocket so far. sold the pair at 9:00 PM PDT 10/07/007
Same Whore .... Different Dress
  • #1,077
  • Oct 8, 2007 10:18am Oct 8, 2007 10:18am
Quoting jacko

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

I am not prepared to say when or where he (Newbietrader101) 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.

.


Market now at 1.4060

He is now closing in on 250 pips per contract. (3 wins from 3 trades, with short/counter-trend position still open)

Not bad for 3 days trading.

Our new idea is working well.

.
  • #1,078
  • Oct 8, 2007 1:21pm Oct 8, 2007 1:21pm
We're creeping back down towards Friday's slingshot @ 140.30~and Jacko's previously mentioned 1.40.00~What say you?
  • #1,079
  • Oct 8, 2007 1:32pm Oct 8, 2007 1:32pm
My take is all about the 3358-4280 fibo. 23% at 4060. Daily close below, calls for 38% (3927). Price of my dreams to go long is at low-38s where lies the 50%.

I'm also running 3551-4280, so 50% is at 3900 area, where we might find some motivated buyers as well.

Thoughts?
  • #1,080
  • Oct 8, 2007 1:41pm Oct 8, 2007 1:41pm
I'm a buyer at 4000. Don't know why you guys are all so keen on buying in the 3800s... my analysis shows Fib confluence right at 4010... based on 4H... depends on where you plot it I suppose and of course, each broker is different.

From what I've seen, when you are in a strong trend, price doesn't fall back to 50% on dailys that often. It's usually a 4H 50% thing... besides... 4000 is a huge psychological area... there will be a lot of buyers there...

Of course...

I could be wroooooong....
Mr. Trend
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