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Jacko's Forex House of Pleasure and Pain

  • #1,241
  • Nov 7, 2007 7:05am Nov 7, 2007 7:05am
Quoting MPP
you live and learn, when it comes to strength no round number is stronger than any other, 1.4500 was proof of this, everyone seemed to see it as a magic number, but it passed. a number becomes stronger when it has a fib attached to it or close by and also if a trendline is in play. thats just my opinion, i'm sure Jacko will have more to say on the round numbers issue when he returns.

Sit back and wait for the chart to tell you when to enter, random entries following a trend will work sometimes, but you will also feel the pain a lot more often than if you pick your entry with good reasons.
many thanks, MPP

well, i decided to wait for eur/chf to drop more than 50 pips below my stopped out price and have placed a buy order already.......

i don't think that order will get filled this week..........
  • #1,242
  • Nov 7, 2007 7:07am Nov 7, 2007 7:07am
Quoting haniam

I don't find any logic here. Chinese official will certainly not buy EURO now when they can buy it later at less price if they want to.

This is only the kind of rumors that pushes prices a little bit more until they hit STOPS and get the big move we suddenly saw few hours ago.

I think we will see an important retracement once 1.4600 is broken down until we get back to previous levels before new highs.

So as the uptrend continues, buy dips or if you want to sell breaks, keep tight stop losses.

very glad to see you here and we'll all be better off with your advice too........and they keep saying the forex market can't be rigged ?
  • #1,243
  • Nov 7, 2007 8:01am Nov 7, 2007 8:01am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Just a little reminder, this is Jacko's Journal thread, not a EU discussion thread, please keep this thread clear and use other threads (eur/usd for example ) to discuss other pairs and different ways of trading.

We come here for advise on how to trade the Jacko way and don't wish to read through loads of posts about other subjects.

regards

MPP
  • #1,244
  • Nov 7, 2007 8:30am Nov 7, 2007 8:30am
very very sorry...........maybe the mods can help me delete my last few posts...........
  • #1,245
  • Nov 7, 2007 1:05pm Nov 7, 2007 1:05pm
Personally id never use any of those services (signals, fund manager, etc.) to trade, my ultimate goal is to be on the other end of them
  • #1,246
  • Nov 17, 2007 11:44am Nov 17, 2007 11:44am
Quoting SeekingLight
Sounds like you want either a signal service, a managed account or a fund.

Speaking of perfect forecasting and saying buy..has anyone seen jacko post anywhere after he got his subscribers?

The thread sort of went mostly dead(jacko post wise) shortly after.
The threads dead baby.

I sincerely hope that Jackos' investors are getting what they paid for.

Neil.
  • #1,247
  • Nov 17, 2007 5:06pm Nov 17, 2007 5:06pm
Quote
The threads dead baby.

I sincerely hope that Jackos' investors are getting what they paid for.
I was not able to participate in Jacko's training group, but I have every confidence they are getting far more than that for which they paid. Jacko has previously indicated that he will continue to post here from time to time when he deems it appropriate.
  • #1,248
  • Nov 18, 2007 12:13pm Nov 18, 2007 12:13pm
I'm sure Jacko's group are doing just fine in fact I find myself feeling a lttle envious of them right now as I type this, especially as this thread has become very quiet and after I used to visit it on a daily basis from its inception.

--------------

Hi Jacko ......I'm sure you are very busy and notice you last logged on to FF on the 31st October so you must be due another visit soon . So if you do and you have the time I would love to hear your take on the EURUSD right now and I'm sure many others would too.

Regards,

Chris.
  • #1,249
  • Nov 18, 2007 11:32pm Nov 18, 2007 11:32pm
http://www.forexpeacearmy.com/forex-forum/showthread.php?t=716

important/interesting information on the current/future of the USD and the oil crisis
  • #1,250
  • Nov 19, 2007 2:41am Nov 19, 2007 2:41am
Quoting brxxt
http://www.forexpeacearmy.com/forex-forum/showthread.php?t=716

important/interesting information on the current/future of the USD and the oil crisis


You have to love people who write articles about "incompetants" spelling like that.

Maybe he's french.

150 GJ, now that I'd like to see
7500 pips for a yearly range =D
2000$ Gold =D

He doesn't like small numbers, does he =)
Trust price. Know yourself.
  • #1,251
  • Nov 19, 2007 3:02am Nov 19, 2007 3:02am
Well if you look at it how he is, those numbers represent the extremes... but in "extreme" cases, im sure most people will be wondering how long they will be waiting in line for a loaf of bread rather than $2000 gold prices

If you read through the responses as well as the article, esp. Zarni's posts, gives you a good idea of what major factors will be controlling the future of the USD and the world as we know it

Im currently taking a class, in which we recently spent the last month learning about the oil crisis and all that comes along with it. A great movie that we watched for the class was End of Suburbia, another good movie is A Crude Awakening. The professor for the class is a great guy, who is genuine about what he preaches and shows his passion in his lectures, his website is www.sutjhally.com

Sorry if this is going off topic, but i figured these will be very important factors effecting the markets. Also, i would love to hear Jacko's insight on this if he decides to stumble back to this thread
  • #1,252
  • Nov 19, 2007 5:50am Nov 19, 2007 5:50am
Quoting SeekingLight
You have to love people who write articles about "incompetants" spelling like that.

Maybe he's french.

150 GJ, now that I'd like to see
7500 pips for a yearly range =D
2000$ Gold =D

He doesn't like small numbers, does he =)

Hi SeekingLight,

This is not aimed specifically at you but can anyone tell me what this (and some of the other posts in this thread lately) has to do with trend trading ??


Jacko
  • #1,253
  • Nov 19, 2007 6:18am Nov 19, 2007 6:18am
Quoting jacko
Hi SeekingLight,

This is not aimed specifically at you but can anyone tell me what this (and some of the other posts in this thread lately) has to do with trend trading ??


Jacko
Nothing really. Apologies, I was just bored(it's a Monday..) and pointing out/trying to point out probably a similiar thing as you are - that ludicrous number tossing isn't going to help the trading of now
Trust price. Know yourself.
  • #1,254
  • Nov 19, 2007 6:22am Nov 19, 2007 6:22am
Quoting Neilg36

The threads dead baby.

...........

Neil.
Hi Neil,

I think that your prognosis that this thread is "dead", is a touch premature.

Our little group of potential great traders have been on a huge learning curve as I have been showing them how I trade. In many cases, the way I trade was diametrically opposed to how they have been trading.

I have been totally open in trying to explain everything I do (with the exception of the countertrading strategy, which I don't want to outline just yet because I don't want any of the group taking that type of trade just yet. However, I will be explaining it to them soon !!!)

Because I am a techno-moron, if they have any questions, I am responding to them individually by email so you can imagine that I am now quite busy answering their emails. (And....I am NOT noted for my rapid keyboard skills...LOL).

It is a great group of serious and committed traders and they are progressing well. I am looking forward to returning to FF in a private forum for our little group in the near future.

At that time, hopefully, there will be many more successful traders from the group discussing things on this thread.


Jacko
  • #1,255
  • Nov 19, 2007 1:28pm Nov 19, 2007 1:28pm
Quoting jacko
Hi Neil,

I think that your prognosis that this thread is "dead", is a touch premature.

Our little group of potential great traders have been on a huge learning curve as I have been showing them how I trade. In many cases, the way I trade was diametrically opposed to how they have been trading.

I have been totally open in trying to explain everything I do (with the exception of the countertrading strategy, which I don't want to outline just yet because I don't want any of the group taking that type of trade just yet. However, I will be explaining it to them soon !!!)

Because I am a techno-moron, if they have any questions, I am responding to them individually by email so you can imagine that I am now quite busy answering their emails. (And....I am NOT noted for my rapid keyboard skills...LOL).

It is a great group of serious and committed traders and they are progressing well. I am looking forward to returning to FF in a private forum for our little group in the near future.

At that time, hopefully, there will be many more successful traders from the group discussing things on this thread.


Jacko

Jacko,

Great stuff..glad to hear that all's going well. Also I am pleased that I was premature (in this case ) as I have enjoyed this thread from the off and would be disappointed if it ended now. (Just as my account is starting to move in the right direction).

Neil.
  • #1,256
  • Nov 20, 2007 8:50am Nov 20, 2007 8:50am
Hi guys,

I am in Jacko's group of traders, and maybe it has been a bit quiet around here, but we are all learning from the great man, so time is scarce!!

Remember, the offer from Jacko was open to everyone who was interested, and more importantly, was serious.

My trading style has already altered in a big way (and ive only been involved 1-2 weeks). I no longer buy/sell on spec, I know exactly where i want to get in, and if the market doesnt go there, i sit back and look for other opportunities. I dont only trade eurusd, i trade much smaller lots than jacko, and i ..............wait!!

I waited 4 days for eurjpy to hit 160.50, where i had an entry order, it hit this morning (and bounced straight off) and i was out 3 hours ago with a huge profit. Waiting is the name of this business, if you wait and get the discount price you give yourself a good chance of making a profit. That is exactly what Jacko does. Also, you can have a life too, spend time with your family, have fun days out etc!

Good luck everybody!

Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,257
  • Nov 20, 2007 6:35pm Nov 20, 2007 6:35pm
Quoting Archer
Jacko and Mark,
I am just thinking(typing) out loud here but, might there be some indicator of Chinas' entry into the market. Increased volume in the Asian timeframe? Higher volitility in that timeframe? Something that might indicate they are scaling in with a plan. Maybe they jump in during periods of high volitility(NFP) hoping to be less obvious. It would be so much easier to protect ourselves, even profit, I we knew how or when. Maybe in the future, wars will be fought with money not troops. Perhaps the future is now.
Archer
I was re-reading this whole thread and I wanted to ask:
does anyone notice the recent increase in volatility during Asian sessions? Beucase I've been seeing a lot more activities going on between 6pm-8pm EST during the last month.
Take a report.
  • #1,258
  • Nov 20, 2007 7:41pm Nov 20, 2007 7:41pm
And then as I was re-reading I started wondering what if one day China annouces a write-off of all US debt? Hmm, maybe it doesn't need a 200 billion fund to strengthen the greenback?
A little extreme though. But think about the potential political and economical, maybe social as well, impact on the dollar and the image of China if it does so. Interesting.
Take a report.
  • #1,259
  • Nov 20, 2007 8:20pm Nov 20, 2007 8:20pm
Cateful, the likelihood of China taking a write-off is pretty slim although it could happen. If anything they would sell-off the USD to move it into other currencies. Either way you would definitely see increased volatility during the Asian sessions.
  • #1,260
  • Nov 20, 2007 9:16pm Nov 20, 2007 9:16pm
Quoting Afxtrader
Cateful, the likelihood of China taking a write-off is pretty slim although it could happen. If anything they would sell-off the USD to move it into other currencies. Either way you would definitely see increased volatility during the Asian sessions.
Yeah, I was just being a little over-imaginative

Your words (along with a few posts Jacko posted earlier) got me thinking, if everyone else in the world is selling US T-bills, bonds, I wonder who's taking the other side of the transaction? Someone has to be willing to buy in order to make a market for the sell off. If non-US countries sell US assets, then the only buyer is US itself, and if US itself takes in sell orders without hesitation, does that tell us US is still confident in its economy? If US doesn't, then it's a big problem.

If China took the step to write off all US debts, it would be ironic. A third-world country (maybe not but still considered one by many Americans) bailing out the mighty USA. In fact, I don't see the reason why it shouldn't. By writing off the debt it effectively takes away all the sellings off US assets and make the dollar stronger. And in turn China will have more exports to US and start accumulate another round of US debts. And do it all over again. Not to mention the political and social impact of this. It could be the official signal that China has become a world power and is ready to play.

Having said that, this is really extreme. I always have these crazy thoughts lol. :
Take a report.
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