Jacko's Forex House of Pleasure and Pain | Page 104 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Chicky's House of Pleasure and Pain 11 replies

Carry Backet w/ Jacko's AH 10 replies

Hello Guys is a pleasure to be here. I'm new to MT4 1 reply

Jacko's P&P Trend Trading Method 73 replies

Attachments: Jacko's Forex House of Pleasure and Pain
Exit Attachments

Jacko's Forex House of Pleasure and Pain

  • #2,061
  • Mar 24, 2008 11:31pm Mar 24, 2008 11:31pm
Quoting levaz
March 17 - 1.5905 (peak)

Feb 07 - 1.4439 (last major correction)

50% gives you 1.5345

The round number for ideal entry would be 1.5350
no on my charts it give me 5150...

http://forum.alpari-idc.ru/images/smilies/not_sad.gif
  • #2,062
  • Mar 24, 2008 11:36pm Mar 24, 2008 11:36pm
Quoting pavlov0032
no on my charts it give me 5150...
Whoops, that was me being greedy, looking for the 5150

March 17 - 1.5905 (peak)

Feb 26 - 1.4777 (last reasonable hiccup)

50% gives you 1.5345

The round number for ideal entry would be 1.5350
  • #2,063
  • Mar 24, 2008 11:41pm Mar 24, 2008 11:41pm
see.. it not really so obvious since there so many ways one can plot fib lines..



Quoting levaz
Whoops, that was me being greedy, looking for the 5150

March 17 - 1.5905 (peak)

Feb 26 - 1.4777 (last reasonable hiccup)

50% gives you 1.5345

The round number for ideal entry would be 1.5350
  • #2,064
  • Mar 24, 2008 11:43pm Mar 24, 2008 11:43pm
Quoting pavlov0032
see.. it not really so obvious since there so many ways one can plot fib lines..
When the target 50% is hit, that becomes the obvious point of entry.
Should the correction target a larger model, then you have a confirmed A-H re-entry point!!
Saves you the trouble of figuring out when to get in again.
  • #2,065
  • Mar 24, 2008 11:56pm Mar 24, 2008 11:56pm
This doesn't seem an obvious place to draw a fib at all. Why did you draw one on 2.26.08? I've posted a daily chart with a red vertical line on the 2.26.08 candle and the most obvious spot to draw a fib line for me which was at the swing low on 2.7.08. Were you using a different timeframe to determine that 2.26.08 was a good place to plot your fib?
Attached Image
  • #2,066
  • Mar 25, 2008 12:00am Mar 25, 2008 12:00am
Quoting pavlov0032
see.. it not really so obvious since there so many ways one can plot fib lines..
Agreed, the best I could plot mine was at 1.5341 on the 50% fib line...
  • #2,067
  • Mar 25, 2008 12:05am Mar 25, 2008 12:05am
so knowing the most recent hi/lo we can plot 50% retracement line and the entry point would be 5600


-"you know why they call me market mover"?
-"as soon as I enter the market it moves in the wrong direction"!

ANONYMOUS
  • #2,068
  • Edited 12:46am Mar 25, 2008 12:12am | Edited 12:46am
Quoting pavlov0032
so knowing the most recent hi/lo we can plot 50% retracement line and the entry point would be 5600


-"you know why they call me market mover"?
-"as soon as I enter the market it moves in the wrong direction"!

ANONYMOUS

Yup, 1.5600 50% fib on the daily chart or 1.5596 50% fib on the weekly chart (these are all approximate numbers), that would be the way I would plot mine but perhaps Jacko wouldn't...
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd1 3-24-2008.gif Size: 45 KB
  • #2,069
  • Mar 25, 2008 12:22am Mar 25, 2008 12:22am
Quoting ocelot
This doesn't seem an obvious place to draw a fib at all. Why did you draw one on 2.26.08? I've posted a daily chart with a red vertical line on the 2.26.08 candle and the most obvious spot to draw a fib line for me which was at the swing low on 2.7.08. Were you using a different timeframe to determine that 2.26.08 was a good place to plot your fib?
My charts ...
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd.jpg Size: 121 KB
  • #2,070
  • Edited 2:08am Mar 25, 2008 1:24am | Edited 2:08am
Quoting pavlov0032
can you please elaborate on that. why was it obvious? and from what date you plot fibo line?

Pavlov,

you may want to read this (http://www.forexfactory.com/showpost.php?p=1918142&postcount=2003).

Btw, I've missed the .5350... So I bought at .5380.
  • #2,071
  • Edited 3:06am Mar 25, 2008 2:14am | Edited 3:06am
I had overnight buy stop placed at 1.55120 , a little too high. Didn't want a market to touch my stop and move down while i'm not beside my computer because I have a feeling a corection is not over yet. I still think we gona see lower lows, I still think we going to reach 50% fib. I have my S/L at break even now and I don't expect anything else from that trade.
If talking Fibs , market jumped up from 38.2% fib , I know Jacko doesn't use but I think it makes better sense than 50% fib from Feb 26.
  • #2,072
  • Mar 25, 2008 2:35am Mar 25, 2008 2:35am
I'm in since 5425, I'm watching the 4hr downtrend line which price has almost hit. Maybe a retrace around that point but looks like a continuation pattern shaping up, could be wrooong!
  • #2,073
  • Mar 25, 2008 2:50am Mar 25, 2008 2:50am
Quoting generalz
Newbies,

Just in case some didn't notice, Jacko added some of his most informative links for newbies to his postings.. A must read!!!



http://www.forexfactory.com/showpost...4&postcount=85

http://www.forexfactory.com/showthread.php?t=27286
I have been reading these over and over.

I AM BECOMING AN AWESOME TRADER.
  • #2,074
  • Mar 25, 2008 3:14am Mar 25, 2008 3:14am
Quoting Ocean
...
As I said in post #1956 E/U looks week. The 1.5150 scenario is looking more probably to me however I think we will se a nice reaction up before getting there.
...
This scenario is just developing. I could be wrong though. Glad that some of you made money on this reaction.

Ocean
  • #2,075
  • Mar 25, 2008 3:20am Mar 25, 2008 3:20am
looks like it may be using the old support of 1.5530. European markets opening. Should see more liquidity in hours to come.

I think there may be a re-tracement before it keeps going up. Thinking of getting in around the whole number of 1.5500. Any thoughts?

K8
  • #2,076
  • Mar 25, 2008 3:27am Mar 25, 2008 3:27am
Quoting Khornate8
Thinking of getting in around the whole number of 1.5500. Any thoughts?

K8
My thoughts also K8. But I'm waiting to see what happens at London open.
Leonardo Follower
  • #2,077
  • Mar 25, 2008 3:34am Mar 25, 2008 3:34am
looking at 1hr chart appears to be ranging a bit up to 1.5560ish. A break above could see some nice new pips. A break below 1.5530 could see a nice dip to buy on. thinking 1.5480 then back through 1.5500.

K8

testing 1.5530
  • #2,078
  • Mar 25, 2008 3:50am Mar 25, 2008 3:50am
sad to see the waffle starting to flow
  • #2,079
  • Mar 25, 2008 4:15am Mar 25, 2008 4:15am
I have now 3 open positions on Euro: the initial entry at .5350, a resurrected soldier at .5400 and a new entry at 5500, to take advantage of the uptrend resume. All my stops have been moved to .5500.
I decided to exit the first position at +200 just to lock in profits. 200 pips in 2 days not bad.
My next buy order is waiting at 5600. In my opinion, the market will consolidate a little at this levels, then if it break the current downtrend line, 5600 is a good place to buy for higher levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 151 KB
We leave no soldier behind.
  • #2,080
  • Mar 25, 2008 4:51am Mar 25, 2008 4:51am
I would be hesitant about entering long right now. We have news coming out in a while, and if it's anything like yesterday's, we'll have a dip to buy at.
The market reveals who we really are...
1 trader viewing now