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Jacko's P&P Trend Trading Method

  • #21
  • Oct 12, 2007 11:19am Oct 12, 2007 11:19am
Quoting raczekfx
Hey guys,
I wonder if we can use patterns to help us predict fiber moves in addition to jacko’s great trading method. If you have a look at the chart below, you’ll notice that fiber follows patterns while trending.
e.g. blue boxes are approximately 900-1000ps, purple-retracing boxes are approx. 500pips. Based on this I would expect fiber to visit 1.38 are before inching higher…
any thoughts?
..
Raczecfx,

Interesting chart. It would seem foolish not to take note of that pattern. I will be watching closely at the level suggested.

From your chart would you say about 3 weeks to a month from now?

Neil.
  • #22
  • Oct 12, 2007 3:56pm Oct 12, 2007 3:56pm
Quoting raczekfx
Thanks for your input Lou..

It's similar to harmonics, but not quite the same. It's been very accurate in pinpointing turning points and trend reversals for a guy, who uses it religiously on fiber and cable. Anyways, not much interest in it I see....
See you guys again at 1.38xx.....
happy trading.

p.s. short from 1.4204 earlier today
(mbqb11, SL)
Thanx for your message, KT loser. Next time learn to copy paste a name correctly in the subject. Or maybe in Canada you dont know that, hm...
We leave no soldier behind.
  • #23
  • Oct 12, 2007 5:20pm Oct 12, 2007 5:20pm
Me, too took a HIT today in euro. Big time...

Getting to 1.42 after the US positive news was a clear sign that bulls were behind the bushes for a new run...

WRRRROOONNNNGGGGGGG

My strategies for next week are:

- Sell at 4140 SL 4215 trailing 75, targets 4060, 4015 + remaining for the run. I'm not going "full Jacko" on this one since the buying pressure in this pair is HUGE. If the targets are reached, I will TP.

*Technically, 4140 may cement the temporary top 4240 to drive us down inside of a (now wider) corrective channel.

- Buy at 4220 SL 4170 trailing, targets are 4280 and 4380, will also TP partials in this case.

"Inexperience" has been my worst enemy here. Although I'm trading for 10 months already, this is the first time a US rate change sentiment hits the market. And I managed well to underestimate the power of this sentiment...
Comments on the proposed trades are welcome.
  • #24
  • Oct 13, 2007 12:49am Oct 13, 2007 12:49am
Quoting gagiul
Thanx for your message, KT loser. Next time learn to copy paste a name correctly in the subject. Or maybe in Canada you dont know that, hm...
I hate to see this forum become another moneytec because of folks like you, so I’m gonna let it slide. But before you start calling people losers again, I invite you to explore my live journal in PF. If you are able to make between 500-700ps per week successively for another 6 months, I will gladly allow you to call me anything you want. If for some reason you don’t have access, you can ask any senior members around for info. I’m sure Habeeb, Mike (mbqb11), Seeking Light or Mr.Trend will gladly help you… Until then go learn some manners dude.. this is public forum, not a gypsy land…
  • #25
  • Oct 13, 2007 3:24am Oct 13, 2007 3:24am
Quoting raczekfx
I hate to see this forum become another moneytec because of folks like you, so I’m gonna let it slide. But before you start calling people losers again, I invite you to explore my live journal in PF. If you are able to make between 500-700ps per week successively for another 6 months, I will gladly allow you to call me anything you want. If for some reason you don’t have access, you can ask any senior members around for info. I’m sure Habeeb, Mike (mbqb11), Seeking Light or Mr.Trend will gladly help you… Until then go learn some manners dude.. this is public forum, not a gypsy land…
so unreal man.... To keep your cool like this is impressive. You are a great guy Mark, and an even better trader. Why people want to chase away those that have knowledge is beyond me.
  • #26
  • Edited 4:07am Oct 13, 2007 4:04am | Edited 4:07am
Quoting gagiul
Thanx for your message, KT loser. Next time learn to copy paste a name correctly in the subject. Or maybe in Canada you dont know that, hm...
I too would gladly vouch for Rac´s talent and integrity. Hes been a helpful and clever addition to every thread I have seen him on. Be a man and apologise (did you have a bad day or what???) to Rac from Raz
ah btw Gagiul, impatient is spelled with a t not a c , or maybe you dont know that in Romania hmm
Never say never.
  • #27
  • Oct 13, 2007 4:33am Oct 13, 2007 4:33am
Quoting razldazl
I too would gladly vouch for Rac´s talent and integrity. Hes been a helpful and clever addition to every thread I have seen him on. Be a man and apologise (did you have a bad day or what???) to Rac from Raz
ah btw Gagiul, impatient is spelled with a t not a c , or maybe you dont know that in Romania hmm
I dont doubt his fx talent, i doubted his manners when he sent me a rude private message and i couldnt reply because he blocked me, which shows cowardness. That is why I replied to him here. I am a quiet FF member and usually dont disturb anyone, except uneducated people. And lol, R. should be a man and appologize for sending rude private message, but of cos, he is KT, im just a newbie. Np.

Sorry guys for the off topic, lets get back to Euro.
We leave no soldier behind.
  • #28
  • Oct 13, 2007 5:19am Oct 13, 2007 5:19am
The difficult thing about reading/ writing on forums is we often come across in a way we dont mean to.... and sorry for that crack at Romanian spelling gagiul, I have many Romanian friends and it was a childˇsh comeback, and yes lets stick to topic and get them pips! Raz
Never say never.
  • #29
  • Oct 13, 2007 5:22am Oct 13, 2007 5:22am
Quoting cesarnc
Me, too took a HIT today in euro. Big time...

Getting to 1.42 after the US positive news was a clear sign that bulls were behind the bushes for a new run...

WRRRROOONNNNGGGGGGG

My strategies for next week are:

- Sell at 4140 SL 4215 trailing 75, targets 4060, 4015 + remaining for the run. I'm not going "full Jacko" on this one since the buying pressure in this pair is HUGE. If the targets are reached, I will TP.
.

You may just want to think twice before doing that. On friday there was a major vanilla expiring at 1.4175 on the EUR/USD. If you look at the volumes you will see that EUR still has the potential to the upside.

I have been long since 1.41 and still holding for a TP (first) @ 1.43
  • #30
  • Oct 13, 2007 6:11am Oct 13, 2007 6:11am
Quoting gmohata
You may just want to think twice before doing that. On friday there was a major vanilla expiring at 1.4175 on the EUR/USD. If you look at the volumes you will see that EUR still has the potential to the upside.

I have been long since 1.41 and still holding for a TP (first) @ 1.43
You may be right. But 4150 was a strong resistance on the way up and now it is a strong support (white like). On Friday there were 5 attacks in 5 hours to this level, unsuccessiful.

On the upside, euro failed to crack 1.42, throwing us in this 4150-4200 limbo.

1) We are forming this yellow channel (slower)
2) We are forming this red channel (faster)
3) Break of 4215 is "bullish" (confirmation of the flag) and break of 4240 is "TRULLISH" and if we do se 1.43, I think you should aim 4380 with remaning lots... So say some EW counters

Wed's CPI the charm?

Please, I'm not ruling out your view, right? I'm just exposing mine, for the discussion...
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  • #31
  • Oct 13, 2007 6:24am Oct 13, 2007 6:24am
Quoting cesarnc
You may be right. But 4150 was a strong resistance on the way up and now it is a strong support (white like). On Friday there were 5 attacks in 5 hours to this level, unsuccessiful.
..
I agree with your charts and analysis about 4150 support. However i believe that the bears have not really been able to take EUR down (look at GBP for comparision). I can see a equal triangle forming on the 4 hr but on the dailies there is a clear move up. I generally also use Renko to ward off the noise and look at an overall trend. Renko says UP. - I may be wrong and lose pips - but i always trade the plan.
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  • #32
  • Oct 13, 2007 6:45am Oct 13, 2007 6:45am
Quoting gmohata
I agree with your charts and analysis about 4150 support. However i believe that the bears have not really been able to take EUR down (look at GBP for comparision). I can see a equal triangle forming on the 4 hr but on the dailies there is a clear move up. I generally also use Renko to ward off the noise and look at an overall trend. Renko says UP. - I may be wrong and lose pips - but i always trade the plan.
Nice gmohata,

1)- I definitely took out Cable as reference. Euro is running the show here causing the EURGBP to trade like a trending pair (check how it trended, retraced within fibos and all). Cable is left alone inside of a corrective channel in the 4H and a triangle in the weekly. Also, there are strong data from UK this week that can push cable to trade against any of the dollar bias.

2)- I don't think a move down in the next week will be bears taking over, but bulls covering. Euro bears are dollar bulls and the latter cannot be found here since USD-index breached 79 LOL.....

3)- If you can hold your position intil 4060 before cutting (in case euro moves down), I think you should wait for breach of this level, that is the 23% from 3358 to 4280. This level wasn't lost in the daily chart. Losing it now, may call 38% at 3928 and postpone new highs. Above 4060, 43XX is a reality in the short term (days)

And hey, I'm not defending the bearish cause here. I'm just not ruling it out. Above 4220/40 I'm embracing your cause like there was no tomorrow.
  • #33
  • Oct 13, 2007 12:11pm Oct 13, 2007 12:11pm
Quoting gagiul
I dont doubt his fx talent, i doubted his manners when he sent me a rude private message and i couldnt reply because he blocked me, which shows cowardness. That is why I replied to him here. I am a quiet FF member and usually dont disturb anyone, except uneducated people. And lol, R. should be a man and appologize for sending rude private message, but of cos, he is KT, im just a newbie. Np.

Sorry guys for the off topic, lets get back to Euro.
Quiet is quiet does, gagi..
My private message to you was response to your nonsense post in another thread in which you quoted me. If a request to think twice before posting on a public forum along with your signature, you consider sharp, then I can’t help you. ..and before you go public again whining about me calling you uneducated, silly or whatever, consider that English isn’t my first language either…. It’s my fifth. So, if I can think before posting on FF, you can do it too.
You can now go back to euro, quiet guy… many pips to you…

One more thing about kt, since there is obviously misconception here. I never asked to be nominated and wouldn’t care less if you had the power to take it away. I’d be still the same person, doing the same thing. If it’s that important to you or anyone else, just let everyone know you made 1k trades and you have my vouch dude.
I rest my case.
  • #34
  • Oct 15, 2007 5:21am Oct 15, 2007 5:21am
Well, euro triggered a bullish flag this morning, via some very motivated bulls at the Frankfurt open, Lodon didn't deny.

I don't think 4240s hold today, and I've seen techincal analysis calling 4380 as a possibility in the short term....

Turns out my sell 4140 was the right choice, since it wasn't triggered today LOL....

Now I'm long, small lot to ride this bull until it dies. But I'm still looking foward to short the living hell out of this pair...

Thoughts?
  • #35
  • Oct 15, 2007 11:22am Oct 15, 2007 11:22am
I have one thing to do with Fiber. Sell the rallies after it breaks 4160. LOL
  • #36
  • Oct 15, 2007 2:45pm Oct 15, 2007 2:45pm
Quoting luqmanz
I have one thing to do with Fiber. Sell the rallies after it breaks 4160. LOL
currently short from 4220. will buy again at 4160, but only if price drops under 4120 or so...
  • #37
  • Oct 16, 2007 11:53am Oct 16, 2007 11:53am
Quoting raczekfx
Quiet is quiet does, gagi..
My private message to you was response to your nonsense post in another thread in which you quoted me. If a request to think twice before posting on a public forum along with your signature, you consider sharp, then I can’t help you. ..and before you go public again whining about me calling you uneducated, silly or whatever, consider that English isn’t my first language either…. It’s my fifth. So, if I can think before posting on FF, you can do it too.
You can now go back to euro, quiet guy… many pips to you…

One more thing about kt, since there is obviously misconception here. I never asked to be nominated and wouldn’t care less if you had the power to take it away. I’d be still the same person, doing the same thing. If it’s that important to you or anyone else, just let everyone know you made 1k trades and you have my vouch dude.
I rest my case.
Ok, Rackzek I want to apologize for my lack of anger management. I posted this BS on the forum because you blocked PMs from me, so I would like to apologize to the owner of this thread as well for using it in such a silly way. Promise not to happen again. Many pips to you too.

Just as a quick note, Romania is not a gypsy land, the gypsies are about 3-5 % of the population, but since they travel around and do many bad things in other countries, while having the Romanian citizenship, foreigners believe that all the Romanians are like them, gypsies, hence bad people.
We leave no soldier behind.
  • #38
  • Oct 16, 2007 12:22pm Oct 16, 2007 12:22pm
Even if 1.4150 proves to be a tough support, I doubt it will hold for long. It seems the selling pressure will make Euro fall probably by tomorrow.
I am short since 4200 using Fozzy crossover on 4H chart. Moved stop to BE now.
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We leave no soldier behind.
  • #39
  • Oct 16, 2007 1:41pm Oct 16, 2007 1:41pm
Quoting gagiul
Ok, Rackzek I want to apologize for my lack of anger management. I posted this BS on the forum because you blocked PMs from me, so I would like to apologize to the owner of this thread as well for using it in such a silly way. Promise not to happen again. Many pips to you too.

Just as a quick note, Romania is not a gypsy land, the gypsies are about 3-5 % of the population, but since they travel around and do many bad things in other countries, while having the Romanian citizenship, foreigners believe that all the Romanians are like them, gypsies, hence bad people.
I’m sure you’re a nice guy and apologies if my pm offended you. Let’s move on and make some real pips.

p.s. I’m not sure if I ever wanted to visit Romania again .
Last time, I was traveling through it on business in 1987, got a heavy brick come through our windshield. No one was injured, but a guy couple cars behind us ended up with a brick on his chest…..that scenario repeated 3 more times until we finally reached the border.. You guys liked to play dangerous games back then…
  • #40
  • Oct 16, 2007 1:45pm Oct 16, 2007 1:45pm
Quoting gagiul
Even if 1.4150 proves to be a tough support, I doubt it will hold for long. It seems the selling pressure will make Euro fall probably by tomorrow.
I am short since 4200 using Fozzy crossover on 4H chart. Moved stop to BE now.
agreed, given today's terrible TIC data, I was expected $$ to lose ground.
That never happened, so I'll be looking for a test of 4100 next.
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