What is going to happen during the US session ?
Chicky's House of Pleasure and Pain 11 replies
Carry Backet w/ Jacko's AH 10 replies
Jacko's P&P Trend Trading Method 73 replies
DislikedWhat is going to happen during the US session ?Ignored
DislikedCould it be the last 20-30 posts in jacko's journal were neither by jacko nor anyone from his group directly?
There's a EURUSD thread, too, here it would be good to read jacko's thoughts and opinions on the pair and trading in general without scrolling past 3 pages of others clogging up visuals...
All the info about anti-hedging, the group, etc pp is readily available if one just looks, reads, searches, what isn't is new stuff from jacko or his assembled team of followers..which is a shame.
I miss jacko's thoughts about levels to compare notes with :/Ignored
I was wondering if you still in association with jacko's tradin system? since I remember reading several posts about your countertrending trades when I was reading all "house of pain".
Whats with the new system ou advertise in your signature? Did you deviate from Jacko's trading methods and adopted that strategy (which is in you signature)?Ignored
DislikedI'd be very surprised if SL was ever associated with jacko's system....lol
If you're referring to james16group, that's the place where serious traders/friends (or traders to be) hang out. Simply speaking, it's the knowledge base consisting of trading tools and systems developed and shared by professional traders...(james16, fiji, diallist .... just to mention few)Ignored
DislikedPavlov, please at least resize your charts to 600x600 though I don't understand why you posted them in the first place, particularly the ones with 8+ indicators.Ignored
DislikedI remember reading house of pain, and remember that seeking light mentioned that he moved to Asia to be closer to Jacko, and later on, Jacko mentioning that Sl was doing some countertrend trade..Ignored
Dislikedmodern monitors resolution is appx 1200x1100 , so 800x600 charts should look fine on 90% monitors..Ignored
DislikedIndicators dont matter,
DislikedI was interested in Jacko's opinion on the depth o current correction since euro entering the old bull trend of 2006.
DislikedFeb 06 bull trend - blue
current situation where euro is testing 4300 level, if it breaks that one as well, then its al the way down to 41xx and possibly 38xx levels
DislikedNeither was/is me.
Don't know about the moving bit, but it was Newton / Newt/ Newbietrader101 doing all the initial following of jacko / countertrend testing etc., not me at all.
I've never traded like jacko(as in anti-hedge, using trailing stops or random buys at fibs / 00s without a setup to go with it), but I've always found his insight into EURUSD and prices interesting.Ignored
DislikedI said that because it is the forum rules because it breaks the tables.
If indicators 'don't matter' why do you have them cluttering up your charts?
You did not ask for Jacko's opinion, you simply posted four charts, two of which were the same instrument and timeframe and then posted your personal prediction. All you wrote is:
Like SL said, that type of stuff is for the EUR/USD thread.Ignored
DislikedCan we please keep this thread as it was intended
For Jacko's thoughts and relevant questions and leave the clutter elsewhere
DislikedLooks like it might be time to call it a year and turn off the computer till 2008. As a trend trader, this market is putting me to sleep. Since I am a first year trader I have not experienced a year end. Is it usually this slow?Ignored
DislikedThings to be wary of:
the breaking of the daily & weekly Tls
--and for those pattern watchers --an H & S clear formation in the 8hr ,12hr,daily charts
(not a slam dunk foretelling sign --but one that cud well run the right arm down to the 4150s)
The other major range of course starts fr the 3360 beginning of this major move.
( 50.0 fib @ 4164)
Best we can do is venture into market at well reasoned levels with the view to both directions' potentials.
Here at 4480/4494 looks like a fine opportunity for at least 150/200ps.
Check back in a next week time and let's see.
updating my Friday post #1321
In keeping with the trading tactics of this thread's elements:
I was stopped out with my 50p stop at 4440
---patiently waited out at least another 50ps drop
and got 110ps fall to 4330
---rather than wait for this H&S to resolve to a potential 4165 (50.0 of the 3360 range) or perhaps even lower to a 88.6 or 94.1 of the 4015 range I'm stepping into a light 10 lot
position on the bounce off 4330.
----so long for now bet. 4370/80
----pending orders for 4440 to take advantage of the A-H manuever
--will take %50 profit when 4440 is taken out with some momentum
and trail 5 lots using the suggestions employed here.
Do expect some reasonable retrace even if this contra trend has not totally unwound.
looking for 4531 (61.8 of Friday's high) and 4540 ( 50.0 of 4750 to low)
To peal off half of the A--H re-positions fr 4440 ( when/if that busts thru)
B of L to us all