The Anti Hedging Rule By Jacko | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anti-hedging - I don't understand 3 replies

Running 2 instances of MT4 to avoid NFA anti hedging? 2 replies

Has anyone automated Jacko's anti-hedging strategy? 8 replies

NFA postpones the new anti-hedging rule.. 2 replies

The Anti Hedging Rule By Jacko

  • #21
  • Dec 30, 2007 9:25am Dec 30, 2007 9:25am
TikiTrader,

I am using a live account!

Quote:
IMHO... you need to learn how to trade forex

How can you make this sort of assesment? WHAT MAKES YOU THINK THAT?

I ll ask the question again which was the purpose of the thread! - If you want to contribute please answer the question rather then pass on useless information like 'you dont know how to trade', or 'how dare you question a stratergy'


Ill rephrase the question then to look at EUR/USD

Say you went short EUR/USD at 146.60 on Friday with a stop loss 50 pips away and the chart moved to 147.10 then you would be stopped out - What would you do to put Jackos strategy into place?
  • #22
  • Edited 9:39am Dec 30, 2007 9:34am | Edited 9:39am
Post 5 of Jacko's thread says:

Quote
When a stop loss has been triggered, I allow it to go past my SL by a minimum of 50 pips before I set the new order.

When the market has turned and is coming down in the "trend" direction, my order is then opened.
It appears u are not understanding the underlying theory of this method. If u are trading with the trend,(This is a big IF) when the market returns to the trend u pick it up where u got off.

Quoting joey122mac
TikiTrader, Ill rephrase the question then to look at EUR/USD
Say you went short EUR/USD at 146.60 on Friday with a stop loss 50 pips away and the chart moved to 147.10 then you would be stopped out - What would you do to put Jackos strategy into place?
Also, - I haven't looked at a chart all week as I am on vacaiton - just pulled up the EUR/USD Daily. IF u went short on Friday - u clearly do not understand the underlying theory of this method.....
In trading, there is no bullshit. You either make money or you don't.
  • #23
  • Dec 30, 2007 9:39am Dec 30, 2007 9:39am
Again.. IMHO... oh... so much could be said... but I will leave it as it is... you yourself are saying plenty !!!

I am sorry, and I do not mean to offend you or anyone... I wish you the best of luck... but from ALL your posts so far in this and other threads... I question whether you should be trading with real money at this point... or that you even have a grasp of the basics of trading...

Again... not trying to be mean or offensive... go read jackko again... maybe it will help on the second time around...

Quoting joey122mac
TikiTrader,

I am using a live account!

Quote:
IMHO... you need to learn how to trade forex

How can you make this sort of assesment? WHAT MAKES YOU THINK THAT?

I ll ask the question again which was the purpose of the thread! - If you want to contribute please answer the question rather then pass on useless information like 'you dont know how to trade', or 'how dare you question a stratergy'


Ill rephrase the question then to look at EUR/USD

Say you went short EUR/USD at 146.60 on Friday with a stop loss 50 pips away and the chart moved to 147.10 then you would be stopped out - What would you do to put Jackos strategy into place?
  • #24
  • Dec 30, 2007 9:46am Dec 30, 2007 9:46am
Mr Green - Makes sense - Thanks for posting.

I will ask one final question

If you always follow the trend then looking at the chart I could make a case for going long at these levels? Do you agree?

I think , and its my view I m posting that its times like this when you ve seen such a massive run, that you short EUR and go long USD which is not following the trend!

Are you saying I ll be getting my fingers burnt using this technique and that in the long run going long EUR even though its moved so far so quick would be more profitable?

PLEASE NOTE : I am sharing ideas and trying to learn from others and trying to share my experiences !
  • #25
  • Dec 30, 2007 9:47am Dec 30, 2007 9:47am
Quoting joey122mac
TikiTrader,

I am using a live account!

Quote:
IMHO... you need to learn how to trade forex

How can you make this sort of assesment? WHAT MAKES YOU THINK THAT?

I ll ask the question again which was the purpose of the thread! - If you want to contribute please answer the question rather then pass on useless information like 'you dont know how to trade', or 'how dare you question a stratergy'


Ill rephrase the question then to look at EUR/USD

Say you went short EUR/USD at 146.60 on Friday with a stop loss 50 pips away and the chart moved to 147.10 then you would be stopped out - What would you do to put Jackos strategy into place?


Here is your first mistake friend, Jacko would not have gone short at 1.4660. AH strategy only works with the style of Trend Trading that he has devised. There must be a reasonably strong trend in play; you must be going with the major trend; and if your entry is not perfect, 50 pips will limit the loss while the AH strategy will pick up your fallen trade in the future when the major trend resumes. It is extremely important to note that Jacko's average pip loss is 15 - 25 pips because of using a Trailing Stop, rather than a fixed amount of 50. LONG story SHORT (I crack me up), Mr. Jacko would not have gone short at 1.4660, negating the need to worry about the AH strategy. AH is used when you are right about the major trend, but just wrong about the entry. If you are wrong about the major trend AND the entry...then you are just wwwronnnggg.
  • #26
  • Dec 30, 2007 9:55am Dec 30, 2007 9:55am
lets get real guys.

Trichet got angry last time in G8 when yen approached last weakness levels we are seeing now against euro and pledged boj to reevaluate the currency to reflect fundamentals.
japan agreed at that time, and if you notice, japan made a deep revaluation in yen, but now some weeks later they seem to have forgotten and yen is approaching especially the ej the levels Triched told were obscene.

i bet something, carry traders now are paying more attention to 6J and EJ
than usd/jpy, this not anymore the most important pair to trade the yen, as usd its losing status.

have seen it with my eyes many times, usd/jpy now dont reacts to supports, trendlines, cause is being hammered by many currencies and it can just react to the yen value.
but in the other way, the real clock for yen now is eur/yen.
and that baby is reaching political adversion if its continues higher.


the one who carry traders are paying attention is ej. they want to break 170, after they will they gonna scare and unwind like crazy how they did with eu.

probably then sideways to see if is safe to go above 170 then they will go if there is not opposition. because remember carry cows are playing with fire.
they have weakened the yen too fast in few weeks even when overall news from japan are supportive yen.

ej has true short potential, case the euro can not hold current levels or the yen revalues. i can not say same for gj or uj.
  • #27
  • Edited 10:24am Dec 30, 2007 10:09am | Edited 10:24am
Quote
If you always follow the trend then looking at the chart I could make a case for going long at these levels? Do you agree?
Yes, Using Jacko's method - if u were to go long now - set a stop at 50 pips. etc. Determining a trend is not as easy as it sounds. Particularly at a time like this (Holidays) as the liquidity in the markets are low and price can be moved in directions that to many may appear random. That is why I am out right now.
Added Note: I personnaly would not tke a long at this time - looks to be a major resistance area at 1.4720 - 1.4760. IF it breaks thru possibly - PS This is not trade advice - purely the ramblings of a guy on vacation

Quote
I think , and its my view I m posting that its times like this when you ve seen such a massive run, that you short EUR and go long USD which is not following the trend!
Are you saying I ll be getting my fingers burnt using this technique and that in the long run going long EUR even though its moved so far so quick would be more profitable?
This would be thinking 'Counter Trend'. This takes a lot of practice to determine when a trend is changing. There is an old saying ' Top and Bottom pickers soon become Cotton pickers". Some are successful when using this strategy in a 'sideways' or trend less market.
In trading, there is no bullshit. You either make money or you don't.
  • #28
  • Dec 30, 2007 12:41pm Dec 30, 2007 12:41pm
Quoting joey122mac
TikiTrader,

I am using a live account!

Quote:
IMHO... you need to learn how to trade forex

How can you make this sort of assesment? WHAT MAKES YOU THINK THAT?

I ll ask the question again which was the purpose of the thread! - If you want to contribute please answer the question rather then pass on useless information like 'you dont know how to trade', or 'how dare you question a stratergy'


Ill rephrase the question then to look at EUR/USD

Say you went short EUR/USD at 146.60 on Friday with a stop loss 50 pips away and the chart moved to 147.10 then you would be stopped out - What would you do to put Jackos strategy into place?
in regards to your question of what would you do........
first your going the wrong way.......WHY would you want to go short against the trend?

Rules in a nutshell.......
Trade with the trend.
use 50 pip trailing stop.
if you get stopped out, let price continue past your stop 50 to 100 pips, place reentry order at point you were stopped out....... when market resumes trend it will pick you back up and you will recoup your losses and continue on for profits.
areas to watch for for reentry.......
Nice round numbers....
50% fib levels......

I guess the biggest problem is defining the trend and it's reversal, a lot of traders saw the head and shoulders and thought sure that was the sign of a major downturn..... hmmmmm guess not huh? Is the trend running out of steam? probably, but with everyone turning from the dollar and the big round number of 150 sitting there like a carrot in front of the banks and hedge fund managers and other big money I think I will continue to be long EUR till then..... after 150 is hit I will be considerably more cautious.
Another thing you have to consider about this strategy is that it is NOT a day trading strategy, there are times when you will be out of the market for several days before you place another trade while waiting for the retracement or a fib level to be hit. This strategy is not for the impatient.

http://img244.imageshack.us/img244/1...captureee1.png
http://img180.imageshack.us/img180/4...apture1uj5.png
Same Whore .... Different Dress
  • #29
  • Dec 30, 2007 12:46pm Dec 30, 2007 12:46pm
johnedoe - Thanks very much - Thats very very sensible and clear response.

I guess I m taking the other side I think EUR has run out of steam and its downhill from the 1.4720 level -

I dont think you will see 148 any time soon but lets wait and see - The trend is definitely up - But I DONT THINK THIS TREND WILL CONTINUE

Just my 2 cents
  • #30
  • Dec 30, 2007 1:33pm Dec 30, 2007 1:33pm
joey122mac
None of us think the trend will continue indefinitely.... but that great big carrot of 150 dangling in front of the big boys is a real enticement... in fact it is kinda like a challenge to see if they can push it up to 150. In a lot of ways FX is like a big monopoly game to the big money boys..... after that well we will just wait and see. also as to what you think .... read my tag line.

If you want to trade counter trend take a look at this link.http://www.forexfactory.com/showpost...&postcount=126
and this linkhttp://www.forexfactory.com/showpost...&postcount=129
Same Whore .... Different Dress
  • #31
  • Dec 30, 2007 1:40pm Dec 30, 2007 1:40pm
who are the big boys who can even boycott the currency of the biggest economy in the world....
  • #32
  • Dec 30, 2007 1:41pm Dec 30, 2007 1:41pm
Thanks johnedoe ,

Just a quick question - Am I reading your spreadsheet right-

You ve made 267 pips over the month? ALso I noticed that a lot of these trades roll forward to the next day - Is that correct ? Or did you Stop them out.

Do you use SL's a lot?

Cheers for the info
  • #33
  • Dec 30, 2007 1:46pm Dec 30, 2007 1:46pm
rather than hijack this thread I will PM you
Same Whore .... Different Dress
  • #34
  • Dec 30, 2007 1:47pm Dec 30, 2007 1:47pm
Quoting acidguy
who are the big boys who can even boycott the currency of the biggest economy in the world....
Theres talk of China and sovereign wealth funds IMHO its Bernanke who is a complete dimwit and has no clue about whats what!

Just flood the world with cash, let inflation run riot, and bail out speculators.

If you want to see two clips which I think are brilliant check these out - My thoughts entirely:

Inserted Video


and

Inserted Video


Absolute classics!
  • #35
  • Dec 30, 2007 1:57pm Dec 30, 2007 1:57pm
Quoting acidguy
who are the big boys who can even boycott the currency of the biggest economy in the world....
Banks especially the FED, huge hedge funds, and even our own government....
Same Whore .... Different Dress
  • #36
  • Dec 30, 2007 2:02pm Dec 30, 2007 2:02pm
ARe the markets open today? normally I see live ticks at 7PM London time on Sunday evening.

Today its not moved and its 8PM here.

Sydney is 7AM so market participants should be in now?
  • #37
  • Dec 30, 2007 2:05pm Dec 30, 2007 2:05pm
they are starting to twitch....... but it will be a couple hours yet before Sydney and Tokyo opens.....
here is a link that may help... Market Hours
Same Whore .... Different Dress
  • #38
  • Dec 30, 2007 2:09pm Dec 30, 2007 2:09pm
LOL!!!!!!.

that man Ron Paul is a genious, probably expressed what many people have in their mind and mouths.

wow, he faced him really well, aslo take into notice Bernanke last body language momvementm, touching the nose in that way.
the man got really nervous.

but bernanke wont care, he will cut rates again on january,
he will try to save again the subprime bandits and wall street billionaires gang.
count on that.
  • #39
  • Dec 30, 2007 2:12pm Dec 30, 2007 2:12pm
you got that right...Bernakie is just a puppet and the plans being made are not to our benefit.
Same Whore .... Different Dress
  • #40
  • Dec 30, 2007 3:47pm Dec 30, 2007 3:47pm
Quoting mrgreen
Post 5 of Jacko's thread says:

It appears u are not understanding the underlying theory of this method. If u are trading with the trend,(This is a big IF) when the market returns to the trend u pick it up where u got off.



Also, - I haven't looked at a chart all week as I am on vacaiton - just pulled up the EUR/USD Daily. IF u went short on Friday - u clearly do not understand the underlying theory of this method.....



Very correct Sir!!

Dan
0 traders viewing now