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Jacko's Forex House of Pleasure and Pain

  • #1,701
  • Feb 28, 2008 7:30pm Feb 28, 2008 7:30pm
Jacko, wondering if you got my PM ???
  • #1,702
  • Feb 28, 2008 11:43pm Feb 28, 2008 11:43pm
[quote]
Quoting jacko
Hi Gaguil,

I am doing well...As outlined in the email from on of the group (below), I have made an 18% return in 3.5 months., which is is about 52.5% annual. (The actual is a little better). Not bad, but could do better. Mark (an ex-broker) is beside me laughing, saying that most Funds would give their left arm for those level of results.

quote]
I am confused. In Jacko's blog he says that because of the safety and security of his method over time, he trades at 5% risk. But he recommends to everyone to use only 2%

Does this mean his real returns were 2.5 times the theoretical figures outlined by the group member who used a 2% risk? That is, if he used 5% risk he would have made 45% return in 3.5 months and 130% on the annual basis?

Is this what the statement (The actual is a little better) means? Jacko seems to be the master of understatement.

Am I working these out wrong?

I am going to be an AWESOME trader
  • #1,703
  • Edited 1:00am Feb 29, 2008 12:42am | Edited 1:00am
Quote
I am confused. In Jacko's blog he says that because of the safety and security of his method over time, he trades at 5% risk. But he recommends to everyone to use only 2%

Does this mean his real returns were 2.5 times the theoretical figures outlined by the group member who used a 2% risk? That is, if he used 5% risk he would have made 45% return in 3.5 months and 130% on the annual basis?

Is this what the statement (The actual is a little better) means? Jacko seems to be the master of understatement.

Am I working these out wrong?

I am going to be an AWESOME trader

As far as I know, I believe he trades at 5% risk, so his returns in the 3.5 months should be around the 45% mark or better.
  • #1,704
  • Feb 29, 2008 1:30am Feb 29, 2008 1:30am
Quoting baddison
Jacko, wondering if you got my PM ???

Hi baddison,


try writing him an email on the address he provided on page 112. He most probably got your PM on FF, but he's not here every day.
  • #1,705
  • Feb 29, 2008 1:41am Feb 29, 2008 1:41am
[quote=wattawatta;1876475]
Quote

I am confused. In Jacko's blog he says that because of the safety and security of his method over time, he trades at 5% risk. But he recommends to everyone to use only 2%

Hi wattawatta,

Jacko recommends trading with a 2% risk in this market cycle. When there is a "clear" trend, then you may wish to trade with a 5% risk.

But, by saying that, those who made substantial profits since joining his group, may wish to trade with a 5% risk anyway. (I don't remember which message # was that)
  • #1,706
  • Feb 29, 2008 3:56am Feb 29, 2008 3:56am
Part of the reason he risks 5% is probably because (1) he is very experienced (2) he's probably using profit to earn more profit rather than his original money.
The market reveals who we really are...
  • #1,707
  • Feb 29, 2008 4:07am Feb 29, 2008 4:07am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting shadowninja
Part of the reason he risks 5% is probably because (1) he is very experienced (2) he's probably using profit to earn more profit rather than his original money.
this is part of his method, as you make money you then use this money to increase the lot sizes you trade with, thus you compound your trading size over time, rather than put the profit to one side and continue to trade of the previous number of lots.

i think this requires 2 elements, 1, confidence that your are fully versed in the method, 2, that you are prepaired to increase your exposer to the markets and move from the comfort zone of 1% to 2% or higher as time rolls on.

Having traded with Jacko for the past months I will be moving to the 5% zone in March - to date only 5% of my trades taken have failed to move into profit, they are Fallen Soilders waiting to be picked up, not sure that will happen for some time now, but we wait and see, a good size correction will find them again one day.
  • #1,708
  • Mar 1, 2008 12:51am Mar 1, 2008 12:51am
[quote=wattawatta;1876475]
Quote

I am confused. In Jacko's blog he says that because of the safety and security of his method over time, he trades at 5% risk. But he recommends to everyone to use only 2%

Does this mean his real returns were 2.5 times the theoretical figures outlined by the group member who used a 2% risk? That is, if he used 5% risk he would have made 45% return in 3.5 months and 130% on the annual basis?

Is this what the statement (The actual is a little better) means? Jacko seems to be the master of understatement.

Am I working these out wrong?

I am going to be an AWESOME trader

Wattawatta.

One thing that Jacko will NEVER do is oversell anything he does. he will always deliver more than he promises. I have had the plesure of knowing him and Mark and Mrs Jacko for a wile now. they are very quiet people and they are very modest. he goes about his busines quietly, but makes a ton of money. if Jacko says that i should have X% profit at the end of a year by trading in a certin way, I can be sure that I will actually have way more than that amount.

I havent been here on the forum much lately. Jacko asked me to stay off because my short temper was getting me into trouble here. but I started trading fulltime this year. I am now trading fulltime using Jackos methods, and yes I am definitly one of his group. I am making more money than I ever expected and am becoming much bettter than I was. the rise of the euro has ballooned my account to much more than I dreemed. but jacko has also helped me become a much calmer trader and I don't worry at all any more even tho i have beeen placing much bigger trades in Febuary than I ever expected to at this period of my time in tradeing. He has showed me so much. he has showed me that the stop loss will always protect you much more than my own decision when to get out of a trade when I am in it.

the posts that Jacko has in his blog are priceless. they show his thinking prosesses and how he comes to a decision. those of you who are members of his group woud know the devastating time Jacko had in Janary, with the illness and loss of his father and all the emergency flights between Hong Kong and the States but he still managed to look after the blog because he didnt want to let any of you down so soon after you had joined. I know for example that one of the blogs was written at the airport because of the long time on the flight between the States and hong Kong. Even when he was home with his parents, he still stayed up during the night and early morning and answered alll the emails as a destraction from what was going on. And he NEVER stopped showing the group his trading, even if he really didn't feel as tho he he wanted to trade.

I have got off the track slightly so I want to say to Wattawatt, if you stick with Jacko YOU WILL BE AN AWESOME TRADER.
  • #1,709
  • Mar 1, 2008 1:00am Mar 1, 2008 1:00am
Quoting shadowninja
Part of the reason he risks 5% is probably because (1) he is very experienced (2) he's probably using profit to earn more profit rather than his original money.
Yes, go back an read his post on page 6 of this thread.
http://www.forexfactory.com/showpost.php?p=1431044&postcount=85
  • #1,710
  • Mar 2, 2008 3:30am Mar 2, 2008 3:30am
Hi Jacko,

I emailed you about this but just in case it got lost, I would like to extend my condolences to you and your family for the recent sad loss of your dad . I suspected this may have happened when you made no mention of your dad and told us you were returning back to the Far East. At that time I did not wish to pry but now that it's out in the open, please know that our thoughts are with you and your family.

I would also like to say that the very fact you continued to support our group in your moment of grief says a lot for your character. A very BIG RESPECT to you !

Lee
  • #1,711
  • Mar 2, 2008 7:30am Mar 2, 2008 7:30am
Hi Jacko

I would like to offer my condolences on the lost of your father as I lost my mother on December 27 & it is hard to let them go. Although I did not join your group I am following along on the thread & feel I am still learning something from your post even after 20 yrs of trading. Thanks for the time you take to enlighten us all on a better way to trade.

AceTrader
  • #1,712
  • Mar 2, 2008 7:37am Mar 2, 2008 7:37am
Hi newbietrader101,

It is good to see your posting again. It is also good to see Jacko is advsing you on your temper. Controlling ones temper can be difficult @ times as I too have had to address that issue. In trading & in most anything we do it is much better to remain calm & in control, especially when $'s are involved.

Thanks for your posting as I do derive benefits from each.

AceTrader
  • #1,713
  • Mar 2, 2008 9:20pm Mar 2, 2008 9:20pm
Thanks Jacko for all the information provided in this forum. I have been learning the strategies since last week and finally, I am seeing some positive results in the trades that I am making.

I have one question though. Seeing that the trades that everyone is making, it seems like the traders that are following Jacko's methods will have their trades left overnight or even over the weekend? Is it advisable to leave trades over the weekend especially when there are so many post about the gap that happens over the weekend?

Sorry if this sounds silly as I am really new to this forex trading.

Eugene
  • #1,714
  • Mar 3, 2008 12:45am Mar 3, 2008 12:45am
Quoting acetrader
Hi newbietrader101,

It is good to see your posting again. It is also good to see Jacko is advsing you on your temper. Controlling ones temper can be difficult @ times as I too have had to address that issue. In trading & in most anything we do it is much better to remain calm & in control, especially when $'s are involved.

Thanks for your posting as I do derive benefits from each.

AceTrader
I used to get angry with the same old trolls that come along here and critisise everyone and eveything but I have seen that they dont come into this thred anymore because Jacko and his group is proving that his method works. its not just some yung dude coming here and sprouting that he is making a million bucks. there is now a whole group of traders making money.

I still get angry with myself for not buying at the lowest point and selling at the top price but I am getting better at letting it go and not wurrying. I am making a s**load more money than i ever expected after only two months of fulltime trading. Jackos blog is a fabulus help.
  • #1,715
  • Mar 3, 2008 3:49am Mar 3, 2008 3:49am
Quoting newbietrader101
I used to get angry with the same old trolls that come along here and critisise everyone and eveything but I have seen that they dont come into this thred anymore because Jacko and his group is proving that his method works. its not just some yung dude coming here and sprouting that he is making a million bucks. there is now a whole group of traders making money.

I still get angry with myself for not buying at the lowest point and selling at the top price but I am getting better at letting it go and not wurrying. I am making a s**load more money than i ever expected after only two months of fulltime trading. Jackos blog is a fabulus help.
Do you only trade the Eur/USd like Jacko, or you look at other pairs as well? Thanks in advance.
  • #1,716
  • Mar 3, 2008 5:11am Mar 3, 2008 5:11am
Newbietrader101,

I gave Jacko's method a try putting aside my method completely & traded the E/$ entering long @4750 & riding all the ways to the 5200 when I decided to tp as the steam seemed to be running out. In & out on the numbers (00-50) that Jacko talks about. I don't have to tell you the results for that on a 2 lot trade. Obscene results to say the least. This is really a simple method with no lagging indicators to deal with. I will say I used RSI @ 14 for what good it was on the trade I described, but it was not needed.

When I started trading forex I used the short term day trading approach, then switched to med to long term position trading & over the last yr have reverted back to short term 1-3 days trading. I just might change to the Jacko method entirely. Jacko's method seems to offer the best of both worlds in that you can tp anytime & the profits will be there if your entry is correct. The correct entry is the key with any method.

Yes, I too have become hot tempered with the trolls that seems to always find fault with everyones system or method, but never seem to offer positive
input. Now I have converted that energy to trading & refining my method.

Thanks for your post as you offer positive info & feedback on the Jacko way of trading. Jacko is to be respected for his willingness to share & encourage the members of this forum as he offers something that many would never discover before their account balance drifted to ZERO.

Thank you Jacko.

AceTrader
  • #1,717
  • Mar 4, 2008 2:27am Mar 4, 2008 2:27am
Quoting acetrader
Newbietrader101,

I gave Jacko's method a try putting aside my method completely & traded the E/$ entering long @4750 & riding all the ways to the 5200 when I decided to tp as the steam seemed to be running out. In & out on the numbers (00-50) that Jacko talks about. I don't have to tell you the results for that on a 2 lot trade. Obscene results to say the least. This is really a simple method with no lagging indicators to deal with. I will say I used RSI @ 14 for what good it was on the trade I described, but it was not needed.

When I started trading forex I used the short term day trading approach, then switched to med to long term position trading & over the last yr have reverted back to short term 1-3 days trading. I just might change to the Jacko method entirely. Jacko's method seems to offer the best of both worlds in that you can tp anytime & the profits will be there if your entry is correct. The correct entry is the key with any method.

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

AceTrader
Hi AceTrader,

Thank you for your kind words.

If I recall you have been trading forex for over ten years. Compared to you, I am just a novice at it.

Again, thanks for your kind words. Best wishes and good trading.


.
  • #1,718
  • Edited 2:45pm Mar 4, 2008 11:58am | Edited 2:45pm
When I trade live I use Jacko's method E/U only. Once jacko started the group we lost his daily comments. Things started to click for me again when I started reading everything I could about E/U on another site that does specific daily analysis of many pairs. I need help with analysis of trend, entry/exit, SR, reversals etc, things jacko talks about and is so good at. This gives me insight which helps me make better decisions.

It has its limits but gets me thinking about the total package. I think in the near future I will ask jacko to join the group. It would no doubt be a better way to learn.

thanks
generalz


**I rewrote my piece to eliminate a site I mentioned**
  • #1,719
  • Mar 4, 2008 12:04pm Mar 4, 2008 12:04pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting generalz
When I trade live I use Jacko's method E/U only. Once jacko started the group we lost his daily comments. Things started to click for me again when I started reading everything I could about E/U on Action Forex(Moderator can I say this?). There may be other better sites would apprecitate hearing? I need help with analysis of trend, entry/exit, SR, reversals etc, things jacko talks about and is so good at. This gives me insight which helps me make better decisions.

It has its limits but gets me thinking about the total package. I think in the near future I will ask jacko to join the group. It would no doubt be a better way to learn.

thanks
generalz
not sure you can promote other sites, and joining Jacko is well worth the cost.

if in the mean time you are looking to improve on fib's TL S&R etc look through this site - don't look for EU discussions, look for specific ideas like how to draw TL or fib trading, there are others here that trade only using fib's and others using just S&R lines Teb's worlds simplest system uses fib retracements.

FF is the greatest knowledge bank you will find, you just need to look at all the various areas to find what you need.

happy trading
  • #1,720
  • Mar 4, 2008 1:52pm Mar 4, 2008 1:52pm
One thing I've found is the more you read about opinion on when to buy or sell or which way the instrument is moving, the less certain you are about going in at the times Jacko described, and therefore you miss decent opportunities. This is why I try to avoid any analysis now.
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