Jacko's Forex House of Pleasure and Pain | Page 119 | 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

  • #2,361
  • Apr 1, 2008 4:34pm Apr 1, 2008 4:34pm
Quoting 4xWheels

But if you are, can we agree that the similarities between us and the original turtles are few? ........ Jacko, he deserves more. I wonder if Richard Dennis became a friend and a mentor?

Wheels
Yep - I agree with that.
  • #2,362
  • Apr 1, 2008 4:45pm Apr 1, 2008 4:45pm
Woke up this morning to see that my long had been hit at 1.5620, 100 pip trailing stop
Leonardo Follower
  • #2,363
  • Edited 5:22pm Apr 1, 2008 4:57pm | Edited 5:22pm
I'll be long at 1.5630, by the way did any of you Jacko turtles use the counter trade strategy to catch the ride down last night/today? I don't normally short the E/U but it was screaming a clear short and went with it...
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd 4-1-08.gif Size: 46 KB
  • #2,364
  • Apr 1, 2008 5:01pm Apr 1, 2008 5:01pm
Is anyone using the trailing stop EA and if you don't mind telling us what settings have worked best for you?...
  • #2,365
  • Apr 1, 2008 5:40pm Apr 1, 2008 5:40pm
Yes I am a member of Jacko's first group......
as to the similarities between us and the original turtles .... well we are trend traders.
hmmm.....
Maybe you can use that..... Jacko's Trend Traders..
Personally I don't require a new identity.....




Quoting 4xWheels
So we know how you feel. May I ask if you are a "turtle?" If not, then thanks for your opinion, I'll respect that.

But if you are, can we agree that the similarities between us and the original turtles are few? I do see "J16 turtles" and there may be others so perhaps "turtle" has taken on its own definition on this forum. But I think it shows a lack of imagination and in fairness to Jacko, he deserves more. I wonder if Richard Dennis became a friend and a mentor?

So I like Jacko Lantern. I like the play on words. And I like the parallels. I was surely being cut into something grotesque with the Forex knives. And Jacko has lit me up. You just got me started.

But that's just my opinion.
Wheels
Same Whore .... Different Dress
  • #2,366
  • Apr 1, 2008 5:58pm Apr 1, 2008 5:58pm
Quoting johnedoe
Yes I am a member of Jacko's first group......
as to the similarities between us and the original turtles .... well we are trend traders.
hmmm.....
Maybe you can use that..... Jacko's Trend Traders..
Personally I don't require a new identity.....
Hi Johnedoe,

So would Jacko's second group of traders be the one's that use the counter trend strategy that Jacko mentioned days ago?...
  • #2,367
  • Apr 1, 2008 5:59pm Apr 1, 2008 5:59pm
I have somewhat of a newbie question regarding manually raising my stop on my first demo trade using Jacko methodology. I entered on a limitbuy at 1.5600 9hours ago at 2pm GMT, corresponding to the 50fib and a minor support/resistance area.

Since then price has come within 13 pips of my stop at 1.5563 and made a high of 1.5624. Is it correct to manually raise my stop to 1.5574? My apologies if this post is not in the right spot.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 4hr jacko.gif Size: 11 KB
  • #2,368
  • Apr 1, 2008 6:12pm Apr 1, 2008 6:12pm
If you are trailing pip by pip, then yes that is correct.
  • #2,369
  • Apr 1, 2008 6:18pm Apr 1, 2008 6:18pm
thanks!
  • #2,370
  • Apr 1, 2008 7:34pm Apr 1, 2008 7:34pm
I am still on the side as I'm am just not sure 5600 will hold. It appears that the posted information from another trader that I posted a few pages back was close as he was calling for 5550 & I see that 5567 was hit today. If 5600 holds I'll take a small position say 2 lots & add as we go. Many good post today, but as MPP stated we are looking for longs. To each his own as I must admit I gave serious thought to getting short yesterday, but just abondoned the idea & did miss a nice opportunity. Oh well.

I would not try getting long just yet as the trader that stated he was looking for 5550 as a probable turning point is still calling for that level to be seen, but he COULD BE WRONG.

__________________
AceTrader
  • #2,371
  • Apr 1, 2008 8:38pm Apr 1, 2008 8:38pm
Quoting Aad
Hi Johnedoe,

So would Jacko's second group of traders be the one's that use the counter trend strategy that Jacko mentioned days ago?...
Now why would Jacko's second group trade any differently than the first group?
Same Whore .... Different Dress
  • #2,372
  • Apr 1, 2008 8:41pm Apr 1, 2008 8:41pm
Quoting johnedoe
Now why would Jacko's second group trade any differently than the first group?
No reason other then the counter trend strategy that Jacko talked about, so I was just curious as to who among his turtles actually uses it or if that was a difference between the groups...
  • #2,373
  • Apr 1, 2008 10:54pm Apr 1, 2008 10:54pm
the counter trend trade is a purely discretionary trade, as to who takes that trade, it would be some of the more aggressive of jacko's traders.
I captured 150 pips out of the move.
Same Whore .... Different Dress
  • #2,374
  • Apr 1, 2008 11:56pm Apr 1, 2008 11:56pm
Quoting johnedoe
Yes I am a member of Jacko's first group......
as to the similarities between us and the original turtles .... well we are trend traders.
hmmm.....
Maybe you can use that..... Jacko's Trend Traders..
Personally I don't require a new identity.....
John Doe doesn't need a new identity. That's good. Maybe you do have a sense of humor.

But it's not about your identity. I'm quite secure with mine too. It's about identification. It lets other people know right up front where you're coming from. For example, your posts carry more validity in my mind now that I know that we share Jacko's guidance in common. But I had to ask.

Jacko Lantern. Think about it.

Wheels
  • #2,375
  • Apr 2, 2008 12:36am Apr 2, 2008 12:36am
Stopped out at 1.5565 for a 30 pip loss. Based on 60 pip TSL.

-Sean
  • #2,376
  • Edited 2:33am Apr 2, 2008 1:51am | Edited 2:33am
I'm seeing this is going lower than 1.5550. I'm already short.

Ouch. closed
  • #2,377
  • Apr 2, 2008 1:57am Apr 2, 2008 1:57am
In (long) @ 1.5550 with a 100 pip TSL. (didn't wait for 1.5525)
  • #2,378
  • Apr 2, 2008 2:41am Apr 2, 2008 2:41am
Hello again Jacko fans. Ready to jump in the trend. Im long at 5620 - the 50 fib retracement of last move up. The price just put me back in. stop in place at 5570.
We leave no soldier behind.
  • #2,379
  • Apr 2, 2008 2:57am Apr 2, 2008 2:57am
Long from 1.5619, with 60 pip tsl. Last try before I slink off and hide back in the yen where I am being convinced I belong.

-Sean
  • #2,380
  • Apr 2, 2008 3:16am Apr 2, 2008 3:16am
Quoting static
Long from 1.5575. 100 pip TSL. Good luck everyone.
Market came pretty close to taking me out.

I was expecting another violent spike down IF the uptrend was to continue around 1.5600 but jeesh. That nearly burned me.

In my opinion we still need to take out 1.5625 - 1.5630 before the trend has resumed.

Just my two cents, good luck everyone.
0 traders viewing now