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Jacko's Forex House of Pleasure and Pain

  • #1,641
  • Feb 11, 2008 10:02am Feb 11, 2008 10:02am
Quoting SeekingLight
Just wanted to say jacko found those on another site; it was not from jacko himself / written from jacko's own experience(makes a lot of difference to me).
Yup sorry. I think I'll stop posting now. I'm getting grilled too much here lol.


Adrian
  • #1,642
  • Feb 11, 2008 10:09am Feb 11, 2008 10:09am
Quoting zoopy
I am also aware that on the last touch (where we have the buob / jan 22), price broke the trendline but then went straight up.
Ah ok, that's what threw me off when you mentioned just 4 touches. Thanks for clarifying.
  • #1,643
  • Feb 11, 2008 11:33am Feb 11, 2008 11:33am
Hello!

OK, I've studied Jacko's Method as much as I could (by reading every single post on this thread + some of those where he made live trades) and here are two simple charts of EUR/USD (Weekly and Daily). Please correct me, if I'm missing something, but this is what I used:

1) 1 main trend line,
2) 50% Fibb. Retracement
3) Resistance line @ 1.4800
4) Support line @ 1.4350
5) Possible buying point @ 1.4500 ("nice" round number )

As much (or as little) I understand candlesticks, no bullish patterns can be seen, but I guess that a close above 1.4550 would be a good buying point, if accompanied by a bullish candle formation.

Any thoughts on this "analysis"?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd_weekly.gif Size: 16 KB
Click to Enlarge Name: eur_usd_daily.gif Size: 18 KB
  • #1,644
  • Feb 11, 2008 2:27pm Feb 11, 2008 2:27pm
Quoting zoopy
Yup sorry. I think I'll stop posting now. I'm getting grilled too much here lol.

Adrian
Nah, dude, seriously, it was nothing against you

I was just trying to say where the stuff came from. No harm meant =)

I wonder whether the EUR bulls are back..things are looking increasingly bad for the USD again..even though GBPUSD stole the show today in the end

Things are sure to heat up very soon imho..
Trust price. Know yourself.
  • #1,645
  • Feb 11, 2008 2:52pm Feb 11, 2008 2:52pm
Quoting Treehugger

I'm sorry to use this forum for a personal message, but I can't think of any other way to contact you
Can you not private message him?
  • #1,646
  • Feb 11, 2008 3:00pm Feb 11, 2008 3:00pm
Quoting libertao
Can you not private message him?

If the notification of a new private message goes to his @yahoo.com account, then there wouldn't be any use. (and if somebody else tried to contact him, but failed, now we know the reason)

Let's do not talk about this anymore, because it's not relevant and it only clutters up his thread. If I manage to contact him, I will delete my original post (if it will be possible).
  • #1,647
  • Feb 11, 2008 7:07pm Feb 11, 2008 7:07pm
Quoting Treehugger
To Jacko:

Wayne, Henrik here. I wrote you an e-mail 5 days ago, and today I received a "Mail System Error - Returned Mail" reply by Yahoo mail server.

**
Your message was not delivered within 5 days and 0 hours.
Host yahoo.com is not responding.
**

I thought you didn't want to reply, but now I see that the Yahoo! mail server was down! I hope you read this - is there a way for me to contact you again via another e-mail address?

...........................

Thank you!!!
Hi Treehugger


Please send again to waynejackson1955 at yahoo.com

I think yahoo are busy dealing with a $44 Billion offer...LOL


.
  • #1,648
  • Feb 12, 2008 12:57am Feb 12, 2008 12:57am
hi there Jacko,

I just found this thread yesterday and reading your first few posts (about the rules and etc.), it just hit me hard on my head, face (wherever possible) that I am so so so sooooooooooo wrong at my trading style (newbie's newbie).

I am catching a cold right now (a bit dizzy) so I couldn't read all the posts yet but I have decided to read all your posts here and at DailFX in the next 2 weeks. I will try to match the comments on your post with the chart at that time, might take lots of time and energy but I am determined to learn it!!

Thanks in advance for sharing your time with all of us. Might need your assistance halfway.

Yoroshiku Onegaishimasu!
  • #1,649
  • Feb 12, 2008 9:36pm Feb 12, 2008 9:36pm
HI Jacko,

I have sent email to you. Kindly reply, thank you.

Russell
  • #1,650
  • Feb 12, 2008 11:35pm Feb 12, 2008 11:35pm
Quoting mxsurf
HI Jacko,

I have sent email to you. Kindly reply, thank you.

Russell
Hi Russell,

I have received your email. I am purposely trying to keep the groups very small so that I can service them properly.

Unfortunately, this also means that some people miss out. I apologise for that.

I will keep your information on file and if someone decides not to proceed, I will contact you.

Jacko
  • #1,651
  • Feb 15, 2008 1:33am Feb 15, 2008 1:33am
Quoting wattawatta
I am a lurker around this forum and have been quietly looking and learning from everyone here. I have been a small trader for 6 months but was not as successful as I thought I would be. This forex can be a bitch, you know.
But I decided that I want to be a serious traders so I joined Jacko's second group last Friday. I am group member number 5 of the second group, and have been reading all of his blog messages all weekend. I had read most of his thread at Daily FX and his posts here, but his blog is awesome. I DONT USUALLY RECOMMEND ANYTHING OR ANYONE BUT I AM TRULEY AMAZED AT THIS MANS GENEROSITY. He is a big and profitable trader with brilliant strategies and awesome timing but he has answered every one of my questions. I am just amazed that he would spend the time to go through my email and fix every question that I asked.
The anti-hedge stuff is just awesome. He should patent that. And the countertrend plan is really a clever plan. And he has already shown me that PATIENCE is one of the best habits to have in Forex. If I can just learn 5% of his insights for the timing of trades, I WILL be an AWESOME trader.
My first trade as a new member of Jackos second group and am I am over 150 pips in profit on just my first trade. WOO HOO, ALRIGHT.
I bought at 1.4505 as recommended by his blog and I have a minimum of 100 pips locked in the bank. WOO HOO
I think I did good with joining his group.

I WILL be an AWESOME trader.

Where is that tdion person? I might lend him some money now.
  • #1,652
  • Feb 15, 2008 1:42am Feb 15, 2008 1:42am
Quoting wattawatta
My first trade as a new member of Jackos second group and am I am over 150 pips in profit on just my first trade. WOO HOO, ALRIGHT.
I bought at 1.4505 as recommended by his blog and I have a minimum of 100 pips locked in the bank. WOO HOO
I think I did good with joining his group.

I WILL be an AWESOME trader.

Where is that tdion person? I might lend him some money now.
BTW, I have still the trade going. Go the Euro.
  • #1,653
  • Feb 15, 2008 3:29am Feb 15, 2008 3:29am
Quoting wattawatta
My first trade as a new member of Jackos second group and am I am over 150 pips in profit on just my first trade. WOO HOO, ALRIGHT.
I bought at 1.4505
Nice Watta,
I got in at 1.4520. I'm looking to add to the position but I want to see what happens around 1.4670-1.4685 before I make a decision. I'd say we'll either see a big move on the break of that area or another pullback. We'll see. In any case, I'm glad your first trade is going so well.
  • #1,654
  • Feb 15, 2008 7:46am Feb 15, 2008 7:46am
Quoting wattawatta
My first trade as a new member of Jackos second group and am I am over 150 pips in profit on just my first trade. WOO HOO, ALRIGHT.
I bought at 1.4505 as recommended by his blog and I have a minimum of 100 pips locked in the bank. WOO HOO
I think I did good with joining his group.

I WILL be an AWESOME trader.

Where is that tdion person? I might lend him some money now.
Nice trading Wattawatta
  • #1,655
  • Feb 15, 2008 8:03am Feb 15, 2008 8:03am
Quoting wattawatta
My first trade as a new member of Jackos second group and am I am over 150 pips in profit on just my first trade. WOO HOO, ALRIGHT.
I bought at 1.4505 as recommended by his blog and I have a minimum of 100 pips locked in the bank. WOO HOO
I think I did good with joining his group.

I WILL be an AWESOME trader.

Where is that tdion person? I might lend him some money now.

Hi Wattwatta,

Well done with your successful first trade, now the real test is to try and implement Jacko's methods, but without Jack's input. Once you can do that you should be set up for life.

Regards,

BabeFX.
  • #1,656
  • Feb 15, 2008 9:31am Feb 15, 2008 9:31am
Quoting BabeFX
Hi Wattwatta,

Well done with your successful first trade, now the real test is to try and implement Jacko's methods, but without Jack's input. Once you can do that you should be set up for life.

Regards,

BabeFX.
Very good advice. Learn how Jacko applies his methodology and how he analyzes his charts. Once you know how, you can adjust it to suit your trading style.


zoopy
  • #1,657
  • Feb 15, 2008 9:45am Feb 15, 2008 9:45am
Quoting wattawatta

I WILL be an AWESOME trader.

Where is that tdion person? I might lend him some money now.
sure you will

so what's your final TP before going short for 1.40...., 1.4760?
  • #1,658
  • Feb 15, 2008 9:51am Feb 15, 2008 9:51am
Quoting raczekfx
sure you will

so what's your final TP before going short for 1.40...., 1.4760?
Hi Mark

No shorts, just buy for now lol. Trailing stop will decide when the trade is over, no decision making required for take profit Although... we might have a pinbar on 1 hour.


Adrian
  • #1,659
  • Feb 15, 2008 10:36am Feb 15, 2008 10:36am
Quoting zoopy
Hi Mark

No shorts, just buy for now lol. Trailing stop will decide when the trade is over, no decision making required for take profit Although... we might have a pinbar on 1 hour.


Adrian
I knew it was you Adrian hiding under zoopy....
I hope you're doing great using pa and jacko's method..
happy trading...

m
  • #1,660
  • Feb 15, 2008 10:42am Feb 15, 2008 10:42am
Quoting raczekfx
I knew it was you Adrian hiding under zoopy....
I hope you're doing great using pa and jacko's method..
happy trading...

m
I always hide lol. I started a journal on here too now. I'm using one technique I picked up from a video you sent me a while back for support and resistance using a line chart to spot peaks and valleys. Not sure how that'll turn out but it'll be interesting to see.

Adrian
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