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Jacko's Forex House of Pleasure and Pain

  • #1,361
  • Dec 20, 2007 12:00pm Dec 20, 2007 12:00pm
Points for Long.
1. We are a 38.2 retracement.

2. We are at a previous S/R line drawn from 4Hr chart.

3. We have just failed to take out 1.4300 level.

Against Long.

1. We have failed to reach the 50% fib level.

2. We are approaching the holiday.

3. We could wait for the market to run up to 1.4400 then enter short.

Regards,

BabeFX
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  • #1,362
  • Dec 21, 2007 2:53am Dec 21, 2007 2:53am
kindly pardon me if i'm wrong here, but there seems to be a coming together of fib levels between 1.4317 - 1.4378.........so good area to watch out for ?

but my guts are telling me it should go down closer to 1.4000...........
  • #1,363
  • Dec 21, 2007 3:17am Dec 21, 2007 3:17am
A open message to Jacko.

Thank you for making 2007 a spectaculerly successfull year for me.
I have learnt heaps and heaps from you and Mark and meeting you and learning from you was the best thing I have ever done. I have changed everything abot the way I trade and made enugh money that and am now ready and able to make this my new full time career in the new year. The profits from my trading from this year make it able that I am going to be a professional trader. something I have wanted to do for years.

HAve a merry Christmas and best wishes for the health of your Dad.

A merry Christmas to the rest of Jackos apprentices in his group. I hear that you are all doing well. Stick with it cos when he is trading in the trend he is awesome. I am making money even tho it is in the correction, using the countertrend sysstem on shorter times than Jacko uses.
Merry Christmas to all here at FF


Newbietrader101
  • #1,364
  • Dec 21, 2007 3:43am Dec 21, 2007 3:43am
Good to hear you have done well and are about to embark on a new career, I hope I will not be to far behind you on that.

Regards,

BabeFX
  • #1,365
  • Dec 21, 2007 3:55am Dec 21, 2007 3:55am
Quoting findcount
kindly pardon me if i'm wrong here, but there seems to be a coming together of fib levels between 1.4317 - 1.4378.........so good area to watch out for ?

but my guts are telling me it should go down closer to 1.4000...........

there is an option barrier at 1.4315 too, so would be an interesting level if it broke
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,366
  • Dec 21, 2007 3:57am Dec 21, 2007 3:57am
HAve a merry Christmas and best wishes for the health of your Dad.

A merry Christmas to the rest of Jackos apprentices in his group. I hear that you are all doing well. Stick with it cos when he is trading in the trend he is awesome. I am making money even tho it is in the correction, using the countertrend sysstem on shorter times than Jacko uses.
Merry Christmas to all here at FF


Newbietrader101[/quote]

thanks newbie, and well done. your right, he is a great trader and i have learnt a lot from him already (mainly not to trade everything!!!!!)

merry xmas and best of luck

shinny
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,367
  • Dec 21, 2007 8:58am Dec 21, 2007 8:58am
Quoting newbietrader101
A open message to Jacko.

Thank you for making 2007 a spectaculerly successfull year for me.
I have learnt heaps and heaps from you and Mark and meeting you and learning from you was the best thing I have ever done. I have changed everything abot the way I trade and made enugh money that and am now ready and able to make this my new full time career in the new year. The profits from my trading from this year make it able that I am going to be a professional trader. something I have wanted to do for years.

HAve a merry Christmas and best wishes for the health of your Dad.

A merry Christmas to the rest of Jackos apprentices in his group. I hear that you are all doing well. Stick with it cos when he is trading in the trend he is awesome. I am making money even tho it is in the correction, using the countertrend sysstem on shorter times than Jacko uses.
Merry Christmas to all here at FF


Newbietrader101
Hi Newbietrader,

Thank you for your kind words.

This time next year I am expecting to see each and every one of the traders in our little group saying that they are trading "full-time" and have a much more relaxed attitude to the markets. I would also expect that our little group will just continue to keep improving their financial positions.

I have just posted a Christmas message on our private blog to each of the group.

To everyone else here at Forex Factory, especially smjones and merlin who do an excellent job here maintaining a very professional forum, I wish you all A VERY HAPPY CHRISTMAS AND A SAFE BUT EXCITING NEW YEAR


Jacko


.
  • #1,368
  • Dec 21, 2007 9:00am Dec 21, 2007 9:00am
Quote
thanks newbie, and well done. your right, he is a great trader and i have learnt a lot from him already (mainly not to trade everything!!!!!)

merry xmas and best of luck

shinny

Hi Shinny,

Thank you for your kind words also.


Jacko
  • #1,369
  • Dec 21, 2007 9:08am Dec 21, 2007 9:08am
Quote
Jacko - To everyone else here at Forex Factory, especially smjones and merlin who do an excellent job here maintaining a very professional forum, I wish you all A VERY HAPPY CHRISTMAS AND A SAFE BUT EXCITING NEW YEAR


Jacko

You have a wonderful holiday season also, my friend. It has been a pleasure to know you.

Kind Regards,
  • #1,370
  • Edited 2:33pm Dec 21, 2007 2:23pm | Edited 2:33pm
Jacko,

A big thank you for helping to wean me away from indicator reliance.

I have in the past explored so many different ways of determining entry & exit levels but recently I decided to look for a method of trading that eliminated most of the artificial aids.
Soon after I made this decision & whilst following another thread that promoted the virtue of trading without indicators, I was alerted to your "House of Pleasure & Pain".
I look forward to learning everything from you on how to succeed in this sometimes frustrating business.

Thank you again.

Merry Christmas to all.

Kind regards,


BabeFX.
  • #1,371
  • Dec 22, 2007 9:34am Dec 22, 2007 9:34am
Hello Newton,

Get intouch with me, please. Reach me on leobvo at yahoo.com

And the Merriest Christmas ever for everyone... Ton of pips in this year to come.

To Jacko:

All I can say is thank you, once again! Hope your dad is better.
  • #1,372
  • Dec 22, 2007 9:32pm Dec 22, 2007 9:32pm
Jacko I would like to wish you and your family Merry Christmas and a happy New Year and I would like to thank you for everything that I learned from you and will learn in the future I also wish all the best in the New Year to everyone in the group.Love you all Sofia. Jacko thank you again!
  • #1,373
  • Dec 22, 2007 9:53pm Dec 22, 2007 9:53pm
Quoting shinny
there is an option barrier at 1.4315 too, so would be an interesting level if it broke

many thanks........hope it goes lower.......
  • #1,374
  • Dec 27, 2007 7:37am Dec 27, 2007 7:37am
thank you.jacko you give me such a good idear
i have been reading your post for several days,and it sparked me .
  • #1,375
  • Edited 8:36am Dec 27, 2007 8:16am | Edited 8:36am
One of Jacko's "wounded" soldiers has been resurrected at 1.4500, two days after X'mas ! It reached a high of 1.4576, which is a guaranteed 26 pips profit at time of writing and the trade is still in play ! Hope you guys are following Jacko's A-H strategy and benefiting from it !

Thanks Jacko for the 'belated' present!.
  • #1,376
  • Dec 27, 2007 10:54am Dec 27, 2007 10:54am
Thank you Jacko for an amazing recovery strategy. It took a while to revive him, but my fallen soldier is once again breathing new life and producing pips with a purpose. I'm looking forward to an exciting and rewarding 2008.
  • #1,377
  • Edited 11:38am Dec 27, 2007 11:09am | Edited 11:38am
Quote
thats easy to say "will get picked up later"

euro just re-entered its trend from 11/23 which is a downtrend,, it could last for month or year.

I think it should be shorted at 47XX levels since there was way too much resistance on the top and not too much support at the bottom..

Well, it took exactly 12 days for the "wounded soldier" to be resurrected ! Luckilly we did not have to wait for a month or year ! LOL!

73 pips guaranteed at the moment with the trailing stop at time of writing, 1.4623 - 1.4500 = 123 - 50 pips trailing stop = 73 pips)
  • #1,378
  • Dec 27, 2007 2:42pm Dec 27, 2007 2:42pm
To confer here --the A-H tactic worked OK for me too

MY variation in its use:

--as in post #1359 I was stopped out at 4440 for 50ps
--and again at 4322 for another 50ps
(both 10 lot positions)

--we didnt get at least another 50pip drop as 4310 held as the low
this is the washed out loss if not using the strategy here of waiting for another 50 drop
--so I only kept my pending order of 4440 long (a 10 lot order)
It was picked up Wed -Dec 26th in the 6am bar
---since then I have regained the 100p loss (50p & 50ps)
---plus as I stated in that #1359 post-- closed half the position
but instead waited for the 50.0 fib of [4970 --4309]---4638
---this netted 148ps on 5 lots (4638 minus 4490 --my orginal long)
---and locked in another 98ps --stop/trailing now 5 lots at 4588
---overall on a 10 lot basis --a guarentee of 73 plus 48 =s 121p gain - the sprds.

To win back the 100pips of loss ( on 10 lots) total loss 1000ps (10k lots)
and to now retain a plus profit of 730 + 480 =s 1210 (10k lots) minimum speaks volumes
for this practical use of the main tenants in this thread.

so far so good

B of L to all
WS
  • #1,379
  • Dec 28, 2007 3:32am Dec 28, 2007 3:32am
Just an update on the on-going A-H trade. The "fallen soldier" was resurrected at 1.4500 and has risen to 1.4672 at time of writing.
1.4672 - 1.4500 = 172 pips - 50 pips trailing stoploss = 122 pips guaranteed.

The man is a genius for inventing this very simple strategy.
  • #1,380
  • Dec 28, 2007 4:49am Dec 28, 2007 4:49am
What a great late Xmas present! My A-H was picked up at 1.4465 which is now +192 guaranteed pips, and I've added another at 1.4650 which itself is now +7 pips locked in. If only I'd added more on the way up, lol - don't we always say that
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