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Jacko's Forex House of Pleasure and Pain

  • #1,401
  • Jan 4, 2008 8:18am Jan 4, 2008 8:18am
Way to go Jacko....

And yes... I'd love to see some charts !!!!
  • #1,402
  • Jan 4, 2008 10:43am Jan 4, 2008 10:43am
Nice to have you back Jacko. Thanks for sharing your insight. Now let's look for some good entries.
  • #1,403
  • Jan 4, 2008 11:47am Jan 4, 2008 11:47am
I'd love to see the returns over the period in %.

Given it was 10 trades at 50 pip stops each and 319 pips and assuming 1% for each trade risked, that'd be around 6.5% uncompounded?

Result charts, sheets, bring em on
Trust price. Know yourself.
  • #1,404
  • Jan 4, 2008 2:51pm Jan 4, 2008 2:51pm
Quoting SeekingLight
I'd love to see the returns over the period in %.

Given it was 10 trades at 50 pip stops each and 319 pips and assuming 1% for each trade risked, that'd be around 6.5% uncompounded?

Result charts, sheets, bring em on
Actually since the full 50 pips rarely ever gets hit, Jacko recommends more risk than that -- 2-5% depending on the market (ranging/trending) and of course the comfort level of the trader.

To the members of Jacko's group who are being a bit more aggressive--do you mind sharing what that means? Where are you taking the additional trades? Are you adding to positions, trading at every round number on the way up, trading more than just the EUR/USD, using higher risk? I'd appreciate the insight
  • #1,405
  • Jan 4, 2008 4:17pm Jan 4, 2008 4:17pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting libertao
Actually since the full 50 pips rarely ever gets hit, Jacko recommends more risk than that -- 2-5% depending on the market (ranging/trending) and of course the comfort level of the trader.

To the members of Jacko's group who are being a bit more aggressive--do you mind sharing what that means? Where are you taking the additional trades? Are you adding to positions, trading at every round number on the way up, trading more than just the EUR/USD, using higher risk? I'd appreciate the insight
what needs to be remembered is that many people came to jacko's thread via other's recommendasions and therefore also have other trading systems that they have used before, some may have kept part of there old system and added it to jacko's for an increased number of entry points but with the same A-H practice for protection, when i look back at my setups i find that i have missed out on a few entries, but, that said i no longer sit for hours in front of my PC waiting for that indicator to turn the right way - pro's and con's i guess.
  • #1,406
  • Jan 4, 2008 5:11pm Jan 4, 2008 5:11pm
Quoting jacko

.......

A quick summary of the trading is that we had 10 trades from the commencement of the group in mid November to the end of December.


Total Profit . . 319 pips over a period of 47 days

(Maybe one of the group would like to post a chart of the equity growth using the data in the members Blog????)

...........
Hi all,

Given that we started very, very conservatively, I am reasonably happy. However, we will improve on that result in 2008.

It should be kept in mind that I am a medium term trend trader, so I do not trade frequently....but I do trade in large volumes so each of those pips are worth a lot of money to me. (However, whether you have 200 lots or 1 lot...it is still the same.You don't run around firing a gun blindly and repeatedly hoping to hit a target. You sit back like a sniper with a telescopic lens and a big caliber bullet and you hit the target. (The A-H is like a ricochet that bounces the bullet back at the target if you miss it the first time).

I am a trend trader. I use the leverage of the market and my accumulated profits to take sizable positions in the market. The power of compounding those profits over the last two years has been absolutely extraordinary. As I have said repeatedly, ad nauseam, this is the best business I have ever seen in my long and very successful business life.


It is important to remember that with
1. a strongly trending market, and
2. with the extraordinary leverage available and
3. the rapid compounding available, and
4 with a robust and reliable trading method,
it is possible to make extraordinary returns.

However, the big key (to me) is to constantly leverage up on the "markets" money, (that is, to use profits from the market to grow your volumes so that you are compounding your winnings).

Our little group is doing well. I would also expect that our little group will just continue to keep improving their financial positions.

.
  • #1,407
  • Jan 4, 2008 6:19pm Jan 4, 2008 6:19pm
Quoting SeekingLight
I'd love to see the returns over the period in %.

Given it was 10 trades at 50 pip stops each and 319 pips and assuming 1% for each trade risked, that'd be around 6.5% uncompounded?

Result charts, sheets, bring em on
I'd love to see your returns over the period in %.

Result charts, sheets, bring em on
  • #1,408
  • Jan 5, 2008 12:25am Jan 5, 2008 12:25am
I don't have a chart but I have created an Excel file where you can enter the initial deposit, the risk per trade in %, the pip value in $ and it will calculate the rest based on the P&L

Pip Value Per Lot $1
Initial Capital $10,000
Risk % for 50 pips 5%
Lots $500

Trade # Balance P&L P&L pips TS pips Lots
1 $10,000 ($60) -6 50 10
2 $9,940 $370 37 50 10
3 $10,310 ($300) -30 50 10
4 $10,010 $760 76 50 10
5 $10,770 $77 7 50 11
6 $10,847 $649 59 50 11
7 $11,496 $154 14 50 11
8 $11,650 $600 50 50 12
9 $12,250 ($48) -4 50 12
10 $12,202 ($564) -47 50 12
11 $11,638 $1,956 163 50 12
12 $13,594 $0 50 14
Attached File(s)
File Type: xls JACKO ROI.xls   17 KB | 1,038 downloads
  • #1,409
  • Jan 5, 2008 12:35am Jan 5, 2008 12:35am
Quote
(Maybe one of the group would like to post a chart of the equity growth using the data in the members Blog????)
Jacko,

I had to include the P&L for each trade in order to create the table. This does not include the dates of the trades, the entry and exit prices but it does reveal the pips made per trade. I hope that is not revealing more than what you had in mind.

Best Regards!
Ace

It is worth noting that I was risking 20% of my account balance and as a result I have almost trippled it but that is only because I have other funds that I can deposit so effectively I was risking 5% of my total disposable cash.

Cheers!
  • #1,410
  • Edited 1:53am Jan 5, 2008 1:01am | Edited 1:53am
The percentage of Jacko's wins when coupled with the A-H strategy is very high. Originally I took the liberty to post his detailed results for the group but had to delete it as it revealed too much of his trade history. If Jacko approves, I will post it again. All I can say is that Jacko has turned me from a loser to a winner in that short space of time and I can't thank him enough. It is not a signals service he is providing us although we get to see each and every trade he takes. He is teaching us a very simple and profitable method. Jacko is a very generous man and he has already revealed how he trades in this thread if you read through it again. However its even more revealing when you get to see closely how he trades and learn from it. One of the great lessons I learnt is PATIENCE !

Have a good day everyone!
  • #1,411
  • Jan 5, 2008 4:05am Jan 5, 2008 4:05am
Let me begin by thanking Jacko for his generous contribution. I am a complete newbie (less than 2 weeks demoing) and after reading EVERY post in this thread I think I am starting to grasp the system. Now to test my discipline and patience....
  • #1,412
  • Jan 5, 2008 6:32am Jan 5, 2008 6:32am
Hi All,

Being part of jacko's group has been a great experience. Sure we started slowly, but we took near to certain trades, which gave everyone confidence and jacko a bit of peace of mind!! Some of the group were egging jacko on to become more aggressive, and as you can see by the results, jacko is getting more comfortable with the whole thing.

I trade quite aggressively on other pairs as well as being part of jacko's group. I like to have a certain % of my risk capital in medium term positions and the rest for day trading. Jacko's trades are kind of like my pension, and the day trading is where i become very aggressive every day. I live in the UK, so I usually start looking at the charts about 8am, then start trading at 9am. I am usually done day trading by 12, then I set alerts for the eurusd at differing prices based on jacko's principles/advice.

Its true what jacko said about the charts, some days I feel like I am in a rhythm with the price movement on the charts, like they are dancing to the same tune as me, if you get that feeling, you very rarely lose. On the other hand, if I dont feel like im in tune with the charts I dont trade, simple as that!!! But more often than not, me and the charts are most definately on the same wavelength!

Had a great 1st trading day of 2008 on Thursday, 188 pips, so things are looking sweet for 2008!!

Best Of British to everyone on their journey this year, and cheers jacko!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,413
  • Jan 5, 2008 6:43am Jan 5, 2008 6:43am
Quoting charlinks
I don't have a chart but I have created an Excel file where you can enter the initial deposit, the risk per trade in %, the pip value in $ and it will calculate the rest based on the P&L

Pip Value Per Lot $1
Initial Capital $10,000
Risk % for 50 pips 5%
Lots $500

Trade # Balance P&L P&L pips TS pips Lots
1 $10,000 ($60) -6 50 10
2 $9,940 $370 37 50 10
3 $10,310 ($300) -30 50 10
4 $10,010 $760 76 50 10
5 $10,770 $77 7 50 11
6 $10,847 $649 59 50 11
7 $11,496 $154 14 50 11
8 $11,650 $600 50 50 12
9 $12,250 ($48) -4 50 12
10 $12,202 ($564) -47 50 12
11 $11,638 $1,956 163 50 12
12 $13,594 $0 50 14
Hi Charlinks,

By my calculations, $13594 balance is equal to 35.94% return in only 47 days.

Tdion,
The answer that you want is here:
http://www.forexfactory.com/showpost...4&postcount=85

The group has a private website that is for our little group only. If you wish to join us (as you have indicated that you do), you may wish to send me an email.



.
  • #1,414
  • Jan 5, 2008 7:30am Jan 5, 2008 7:30am
Happy New Year to you Jacko

and all the info you gave the last year.....

Just emailed you via the forum system because PM does not work for me, As i have almost no post count ... Please check if you got it

Regards Leonardo
  • #1,415
  • Jan 5, 2008 11:04am Jan 5, 2008 11:04am
Quoting SeekingLight
I'd love to see the returns over the period in %.

Given it was 10 trades at 50 pip stops each and 319 pips and assuming 1% for each trade risked, that'd be around 6.5% uncompounded?

Result charts, sheets, bring em on
Quoting jasdel
I'd love to see your returns over the period in %.

Result charts, sheets, bring em on

Just to clarify. I asked SeekingLight to post HIS charts, sheets and returns.
As one of Jacko's students, I can't figure out why would I post (or any other from the group) details of my live trading. Number of pips is enough. Percentage of the return depends on traders' individual risk and is different for each trader. Money management is not discussed with Jacko (so far).

Actually, I have no problem to post it. But I don't want to do that on a request of anonymous person hidden behind the user name "SeekingLight" who frequently speaks (write) against Jacko and his method of trading.

SeekingLight more than once stated that he doesn't like this method and therefore I can't understand reasons why he has posted and visited this thread.

I would like kindly to invite SeekingLight to avoid this thread.
  • #1,416
  • Jan 5, 2008 12:59pm Jan 5, 2008 12:59pm
Quoting jasdel
Just to clarify. I asked SeekingLight to post HIS charts, sheets and returns.
As one of Jacko's students, I can't figure out why would I post (or any other from the group) details of my live trading. Number of pips is enough. Percentage of the return depends on traders' individual risk and is different for each trader. Money management is not discussed with Jacko (so far).

Actually, I have no problem to post it. But I don't want to do that on a request of anonymous person hidden behind the user name "SeekingLight" who frequently speaks (write) against Jacko and his method of trading.

SeekingLight more than once stated that he doesn't like this method and therefore I can't understand reasons why he has posted and visited this thread.

I would like kindly to invite SeekingLight to avoid this thread.
In my humble opinion the point of trading is to make "money", not pips, and money management is extremely important=seasoned trader. You are right that % of return depends on a traders individual risk. That is why one would be interested in the % gained, and that would speak much more highly of a robust and time tested system. Best pips to you.
  • #1,417
  • Jan 5, 2008 1:42pm Jan 5, 2008 1:42pm
Quoting HipsterPipster
In my humble opinion the point of trading is to make "money", not pips, and money management is extremely important=seasoned trader. You are right that % of return depends on a traders individual risk. That is why one would be interested in the % gained, and that would speak much more highly of a robust and time tested system. Best pips to you.
I risk 2% of my account.
I think you didn't read carefully my post.
"Money management is not discussed with Jacko (so far)."
Therefore I wouldn't discuss MM here any more.
THIS IS JACKO's THREAD.

PS I am surprised with the number of PM sent to me supporting my post regarding SeekingLight's "contribution" to this thread. Thanks guys.
  • #1,418
  • Jan 5, 2008 1:50pm Jan 5, 2008 1:50pm
Quoting jasdel
I risk 2% of my account.
I think you didn't read carefully my post.
"Money management is not discussed with Jacko (so far)."
Therefore I wouldn't discuss MM here any more.
THIS IS JACKO's THREAD.

PS I am surprised with the number of PM sent to me supporting my post regarding SeekingLight's "contribution" to this thread. Thanks guys.
I don't know why I even posted.... I am not sure anyone asked for your % risk or MM, but rather about the % gained through this system. Does that make sense? Are we fighting like children here, or sharing valid and usefull information. Who cares how many pm's you have recieved about the evil SL?
  • #1,419
  • Jan 5, 2008 7:59pm Jan 5, 2008 7:59pm
Hi to all discussing about % return of jacko's method!

Hi Jacko I think I can write this, because you wrote all this points already in this public forum.
Jacko said that we should risk no more than 3% in the last few trades.
Of course if a trader has some experience then he knows that the risk should be limited between 1-5%, but that is the decission from every trader.
If you limit your trades with 3% max. loss per trade and you use the 50 pip TS, then you know your lot sice and you have your MM.

What I wanted to say is that if you risk 3% from your depot per trade then everybody can calculate how much money could be made wit around 320 pips. If you trade with a 10.000,-- account, your loss potential per trade is 300,-- and so you can calculate the lot sice which you can trade because everybody knows that Jacko uses a 50 pip TS!

But the most important point is that most of the time the stop is less than 50 pips because of the TS. I am around 20-25 pips.

And if anybody want to know how much % Jacko or anybody else made, that is easy to calculate. If he trades with lets say 200 standard lots, and everybody knows that he uses a 50 pip TS his risk is 3%, then everybody can calculate the % he made.

But I think like hipster pipster said, that there is a place to learn from each other and not to fight each other.

Of course I think that many people don't really understand what Jacko gave us in this thread. I think that traders with some year experience understand what he gave to us, if a newbee understands it, ok he is veeeery intelligent.

I read that some people criticized his method, I cannot understand that because the Info in this forum is for free and nobody must trade his method.
I don't want to criticize anybody here in this forum and thinked around 1 day if I should send this message, but what shalls it is the same with this message if somebody does not like it, don't read it.

ONCE AGAIN THANKS TO JACKO FOR THIS THREAD BECAUSE HE DID NOT HAVE TO DO THAT.


Regards Erkro
  • #1,420
  • Jan 5, 2008 8:25pm Jan 5, 2008 8:25pm
I suspect SeekingLight actually has a great deal of respect for Jacko... and does not for one moment doubt Jacko's bottom line... just because he may not trade the same way as Jacko...


Quoting jasdel
I risk 2% of my account.
I think you didn't read carefully my post.
"Money management is not discussed with Jacko (so far)."
Therefore I wouldn't discuss MM here any more.
THIS IS JACKO's THREAD.

PS I am surprised with the number of PM sent to me supporting my post regarding SeekingLight's "contribution" to this thread. Thanks guys.
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