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Jacko's Forex House of Pleasure and Pain

  • #1,721
  • Edited 4:16pm Mar 4, 2008 4:04pm | Edited 4:16pm
Great to see this thread is getting good results !!
  • #1,722
  • Mar 4, 2008 4:58pm Mar 4, 2008 4:58pm
Quoting Detonator
Great to see this thread is getting good results !!


Excellent results! KISS, A/H, and ALWAYS, ALWAYS follow trend...
  • #1,723
  • Mar 4, 2008 9:48pm Mar 4, 2008 9:48pm
Quoting Fxtrader
Do you only trade the Eur/USd like Jacko, or you look at other pairs as well? Thanks in advance.

I trade only Eur/USD but I am now tradeing up to 10 X $100,000 contracts. Jacko showed me that ther was no advantage in dealing in other currenciies.
I am tradeing full time. ITS GREAT.
  • #1,724
  • Mar 4, 2008 9:52pm Mar 4, 2008 9:52pm
Quoting newbietrader101
I trade only Eur/USD but I am now tradeing up to 10 X $100,000 contracts. Jacko showed me that ther was no advantage in dealing in other currenciies.
I am tradeing full time. ITS GREAT.
Are you american?

so thats $100 PER PIP YOU TRADING? in that case if you risking 5% of your depo for a 100pips stop loss you gotta have

200k account?
  • #1,725
  • Mar 4, 2008 10:01pm Mar 4, 2008 10:01pm
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 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**
It will be the best thing you have ever done. Wile Jacko was in the states, I had to do some work for him and he give me acess to his email adresses. the great raps he got from members of the group espesially for his blog and his 1 on 1 emails was amazing. how offen do you get to talk to a master trader about your own tradeing? and he answsers all of them.
Btw, he changed his passwords when he got back to his home,so I cant acess them anymore. LOL
  • #1,726
  • Mar 4, 2008 10:05pm Mar 4, 2008 10:05pm
Quoting newbietrader101
It will be the best thing you have ever done. Wile Jacko was in the states, I had to do some work for him and he give me acess to his email adresses. the great raps he got from members of the group espesially for his blog and his 1 on 1 emails was amazing. how offen do you get to talk to a master trader about your own tradeing? and he answsers all of them.
Btw, he changed his passwords when he got back to his home,so I cant acess them anymore. LOL
its trading not tradeing ;-)
  • #1,727
  • Mar 4, 2008 10:08pm Mar 4, 2008 10:08pm
Quoting pavlov0032
Are you american?

so thats $100 PER PIP YOU TRADING? in that case if you risking 5% of your depo for a 100pips stop loss you gotta have

200k account?
10 is the most I have traded at one time. last week. but it was very good to me. and I dont have a 200k accout. sometimes I blow my risk out and compownd on my profits.
  • #1,728
  • Mar 4, 2008 10:15pm Mar 4, 2008 10:15pm
Quoting newbietrader101
10 is the most I have traded at one time. last week. but it was very good to me. and I dont have a 200k accout. sometimes I blow my risk out and compownd on my profits.
don't you think its too risky to use more then 2-5% of your depo?

when you say "blow my risk out" you mean you just buy XX number of contracts thinking that market move in your direction? kinda like "put it on red"?

if these trades go against you it would be hard to recover in long term..
  • #1,729
  • Mar 4, 2008 10:17pm Mar 4, 2008 10:17pm
Quoting pavlov0032
Are you american?

so thats $100 PER PIP YOU TRADING? in that case if you risking 5% of your depo for a 100pips stop loss you gotta have

200k account?
Btw, I am now a full time trader. do you want me to trade a micro mini account? sometimes you gotta take a risk, pav
  • #1,730
  • Mar 4, 2008 10:23pm Mar 4, 2008 10:23pm
Quoting pavlov0032
don't you think its too risky to use more then 2-5% of your depo?

when you say "blow my risk out" you mean you just buy XX number of contracts thinking that market move in your direction? kinda like "put it on red"?

if these trades go against you it would be hard to recover in long term..
I am compownding on profits. Jacko says its agressive but it suites me.
  • #1,731
  • Mar 4, 2008 10:32pm Mar 4, 2008 10:32pm
I've been looking for a eur/usd trade for the last few weeks, I talked myself out of them all so far.

I'm now hoping for a retrace to around 50% to give me a chance to get on board.

I'm wondering how long the bull run on the eur/usd can go on.. it is getting hard for Europe to sell to US at the current levels.

Any views from you guys?

John
  • #1,732
  • Mar 4, 2008 10:49pm Mar 4, 2008 10:49pm
Weak USD seems to be on everyone's agenda...

Makes it easier to pay off the loans. Helps companies like BOEING, Halliburton immensely.

The air defense contract deal that was given to EAD (AirBus) made no sense other than "Thank you for keeping the USD cheaper, here is our rebate to you... - the US government"

So I ask you... (And Jacko did too) "Who would want to buy USD at this point? Who would want to push for a strong USD? The US certainly isn't doing anything to help that!"

The question you have to ask yourself is... is the crisis over? No!
Are all the write offs from all the banks a done deal? No!
Will the Fed start increasing rates soon? I don't think they can't do this yet!
(EUR/USD is a NICE carry trade now!)

This is much bigger than the .com burst... much much bigger... and will take some serious time to unwind.

Just my 2 pips...

Honestly... I see 1.60 and 1.70 but I don't see 1.40.
(on a grand scale of things)

Quoting mjolimer
I've been looking for a eur/usd trade for the last few weeks, I talked myself out of them all so far.

I'm now hoping for a retrace to around 50% to give me a chance to get on board.

I'm wondering how long the bull run on the eur/usd can go on.. it is getting hard for Europe to sell to US at the current levels.

Any views from you guys?

John
  • #1,733
  • Mar 5, 2008 1:37am Mar 5, 2008 1:37am
Hi Newbietrader101,
I am full time now too.
I'd like to ask you about your transition to full time but I dont have the required posts to PM you. Is there a way I might be able to contact you? Could you pm me if you are open to receive a call or email from me please?
Thank you.
Stewartr


Quoting newbietrader101
10 is the most I have traded at one time. last week. but it was very good to me. and I dont have a 200k accout. sometimes I blow my risk out and compownd on my profits.
  • #1,734
  • Mar 5, 2008 1:45am Mar 5, 2008 1:45am
A fallen soldier for me hit the ground in the long 1.5200 opened on 3 march. As Jacko said , this soldier will not be forget and will revive more stronger than ever

@ Newbietrader : how much was your account when you started trading with Jacko's method ?
  • #1,735
  • Mar 5, 2008 7:11am Mar 5, 2008 7:11am
Quoting newbietrader101
I trade only Eur/USD but I am now tradeing up to 10 X $100,000 contracts. Jacko showed me that ther was no advantage in dealing in other currenciies.
I am tradeing full time. ITS GREAT.
All right...
That's a nice transformation from a rookie to a pro trader.

keep it up...
r
  • #1,736
  • Mar 5, 2008 8:43am Mar 5, 2008 8:43am
Quoting skyline
A fallen soldier for me hit the ground in the long 1.5200 opened on 3 march. As Jacko said , this soldier will not be forget and will revive more stronger than ever

@ Newbietrader : how much was your account when you started trading with Jacko's method ?
Hi skyline,

I see that your fallen soldier has been picked up, well done.

I missed the trade today. But I can see clearly where I should have entered long.

There was clear support at the 1.5143 to 1.5158 level & minor support at 1.5070 so entering at 1.5150 would appear to be a good entry level with a 100 pip stop.


BabeFX.


I am wrong until the market proves me right.
  • #1,737
  • Mar 5, 2008 8:51am Mar 5, 2008 8:51am
Quoting BabeFX
Hi skyline,

I see that your fallen soldier has been picked up, well done.

I missed the trade today. But I can see clearly where I should have entered long.

There was clear support at the 1.5143 to 1.5158 level & minor support at 1.5070 so entering at 1.5150 would appear to be a good entry level with a 100 pip stop.


BabeFX.


I am wrong until the market proves me right.
BabeFX, to say the truth my fallen soldier is still there infact what happened was that after my sl was hit at 1.5150 , price suddendly went up again so I wasn't able to apply the A-H because price didn't go down by 50 pips from my sl. So actually I'm waiting for a better (lower) entry price at least at 1.5100 or lower but I'm a newbie of Jacko's strategy so I don't know if I'm going in the right direction
  • #1,738
  • Mar 5, 2008 9:12am Mar 5, 2008 9:12am
Hi,

Great forum and excellent posts! I almost read thru this thread now. It's my impression that Jacko's methodology really works fine for a person who's currently got a fulltime job while trading part-time. Can anyone share some experiences in that regard? Jacko's private group members are especially welcomed to share their experiences if they choose to do so.

keep up the great work!
xg
  • #1,739
  • Mar 5, 2008 9:49am Mar 5, 2008 9:49am
I think this is about as close to a set and almost forget ( you do have to look in on your positions a couple times a day to keep your TSL current) low stress system as your going to find.....
Same Whore .... Different Dress
  • #1,740
  • Mar 5, 2008 10:09am Mar 5, 2008 10:09am
Quoting newbietrader101
Btw, I am now a full time trader. do you want me to trade a micro mini account? sometimes you gotta take a risk, pav
Hey Newbietrader, could you tell me about how much time on average you spend trading or monitoring the market each day? Has trading for a living given you extra free time? It is great to hear that you are at 10 standard lots now, could you tell me how many lots you started trading with? Thanks alot bro, I aspire to be where you are right now!
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