Jacko's Forex House of Pleasure and Pain | Page 125 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #2,481
  • Apr 5, 2008 1:38pm Apr 5, 2008 1:38pm
A lot of lines, I know.

Overall picture is up though imo, unless it breaks the supports.
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  • #2,482
  • Apr 6, 2008 5:13pm Apr 6, 2008 5:13pm
Im wondering if 1.5600 isnt a better entry. Caution, I am a newb, but here is my analysis...

1.5600 is:
More of a 00 number than 1.5550 (if that matters)
Just under 50% Fib (Which Jacko uses)
Crosses with my daily TL

Im thinking if this prices takes it's time, than 1.5600 is best. IF it drops fast, than it may hit 1.5550. One indication that it may drop fast, however, is this "tirangle"-type channel evolving on the 30min. Im not sure how valid this is, espeiscially since its formed during low volume time, but if this breaks down, it could go fast.

Again... I am a newb. Youve been warned.
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All I ask for is a chance to prove that money cannot make me happy.
  • #2,483
  • Apr 7, 2008 3:17am Apr 7, 2008 3:17am
Quoting Aad
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...
I use the CT strategy a lot. I am in one riht now from 5750. and there is no diffrense between the 2 groups of Jackos traders. the groups have a diffrent email address, that the only thing,
Learning from Jacko is the best thing I have ever done. I am now a proffesional trader, and I am making more money than i have ever made in my life. I am rapt in trading, best lifestile, ever
  • #2,484
  • Apr 7, 2008 3:21am Apr 7, 2008 3:21am
I got in at 1.5650. Now at 30+ pips, but I will hold my stop in place and move it to BE once I am 50+ . Lets see what happens.
We leave no soldier behind.
  • #2,485
  • Apr 7, 2008 3:51am Apr 7, 2008 3:51am
Quoting shadowninja
Haha, yes. A new international bank holiday: NFP Fridays.
Humble Lifetime Member
  • #2,486
  • Apr 7, 2008 4:41am Apr 7, 2008 4:41am
Quoting newbietrader101
Learning from Jacko is the best thing I have ever done. I am now a proffesional trader, and I am making more money than i have ever made in my life. I am rapt in trading, best lifestile, ever
newb, with the amount of times you've said you're now a professional trader and making tonnes of money, you might have to consider changing your avatar name! speaking of Jacko, where is he these days?
  • #2,487
  • Apr 7, 2008 4:43am Apr 7, 2008 4:43am
i have instilled some faith into this system and i managed a profit of 107 pips lastweek.it would have been more if not for the reverse after Nfp.

I got my trade in this week at 5650 based on the 50% retrace and the hammer formation that was forming. so monday i am already locked with 12 pips and at the moment 60 pips and climbing.

i love this method because it is simple and for the first time ever i can walk away and pop back whenever i like as the stop moves with the market
  • #2,488
  • Apr 7, 2008 4:44am Apr 7, 2008 4:44am
Long @ 5665 for 2 lots. Not really sure about this trade, but it does appear 5650 will support for now. The trend does not seem to be able to get back on track @ the moment. The 5600 level COULD offer a better entry level. Good trades to all.

Ace
  • #2,489
  • Apr 7, 2008 5:14am Apr 7, 2008 5:14am
Quoting newbietrader101
I am now a proffesional trader, and I am making more money than i have ever made in my life. I am rapt in trading, best lifestile, ever
How long did it take you to be a professional trader, is there pressure of making money everyday if you become a full time trader?
  • #2,490
  • Apr 7, 2008 6:15am Apr 7, 2008 6:15am
Quoting gagiul
I got in at 1.5650. Now at 30+ pips, but I will hold my stop in place and move it to BE once I am 50+ . Lets see what happens.
The euro has moved already 78 pips away from my entry. Moved my stop at BE. I will give it more room to develop. Its funny. With this quick trail stop method, I didnt lose money until now on Jacko trades.
We leave no soldier behind.
  • #2,491
  • Apr 7, 2008 6:43am Apr 7, 2008 6:43am
I have been reading Jacko's PUBLIC blog that is in his signature at the bottom of his posts. It is NOT his private blog with his members of his two groups, which is absolutely brilliant.
He has been amazingly and consistently accurate for over two and a half years. For those of us in his group, we know what a win trade is worth to him and Mrs Jacko. I am not surprised that he is as rich as he is. He is an awesome trader.

And I am amazed that he is willing to spend so much time with each of us in the group. Excluding Saturdays and Sundays, he has answered my emails within 24 hours every time.

And his adventures with the computer salesman recently had me laughing so much I was in tears. A retro black and white computer. Priceless.

Thanks Jacko for being so patient with me and the others in the group and thanks Mrs Jacko for allowing him time off from your shopping to mentor us.


I AM BECOMING AN AWESOME TRADER
  • #2,492
  • Apr 7, 2008 7:02am Apr 7, 2008 7:02am
WattaWatta,

Even though I AM NOT a member of the JACK GROUP'S I second your last post. He is no doubt an outstanding trader & it is VERY RARE to find a trader as good as JACKO that is willing to share & help others learn their method.

AceTrader
  • #2,493
  • Apr 7, 2008 7:28am Apr 7, 2008 7:28am
all this talk about groups has me wondering if Jacko will create a 3rd trading group and what one has to do to join? sounds like group members are receiving an awesome education!
  • #2,494
  • Apr 7, 2008 7:57am Apr 7, 2008 7:57am
Quoting Trumpcard
all this talk about groups has me wondering if Jacko will create a 3rd trading group and what one has to do to join? sounds like group members are receiving an awesome education!
Check out this blog http://waynejacksonfx.blogspot.com
  • #2,495
  • Apr 7, 2008 8:18am Apr 7, 2008 8:18am
thank you fxtrader for that link! i don't recall it being posted before, maybe i missed it.
  • #2,496
  • Apr 7, 2008 8:46am Apr 7, 2008 8:46am
Quoting Marsh
Im wondering if 1.5600 isnt a better entry. Caution, I am a newb, but here is my analysis...

1.5600 is:
More of a 00 number than 1.5550 (if that matters)
Just under 50% Fib (Which Jacko uses)
Crosses with my daily TL

Im thinking if this prices takes it's time, than 1.5600 is best. IF it drops fast, than it may hit 1.5550. One indication that it may drop fast, however, is this "tirangle"-type channel evolving on the 30min. Im not sure how valid this is, espeiscially since its formed during low volume time, but if this breaks down, it could go fast.

Again... I am a newb. Youve been warned.
I too would normally look at the 1.5600 level, but... I like a bargain. It the meantime, I've put a buy limit at 1.5570.
  • #2,497
  • Apr 7, 2008 9:19am Apr 7, 2008 9:19am
Quoting gagiul
I got in at 1.5650. Now at 30+ pips, but I will hold my stop in place and move it to BE once I am 50+ . Lets see what happens.

Hi gagiul,

keep posting your trades - those provide some nice thinking stuff for someone like me, who tends to be more conservative and waiting for bigger dips.

It seems like these .xx50 and .xx00 numbers work really well. This is what zoopy is noticing too, and I was thinking, I should try buying at earlier mentioned levels (when there is no TL or a 50% fib in vicinity) with only a 2% risk, and going full (4% risk) only with setups, which include at least one of the tools Jacko uses (TL, 50% fib, support/resistance) + a round number. I would take my profits a bit earlier too (50 to 100 pips) and I would not let these trades to be closed by a Trailing Stop Loss.

This could lead to over trading, but if you limit yourself to 2 or 3 trades per week, I see no harm in it.
  • #2,498
  • Apr 7, 2008 10:58am Apr 7, 2008 10:58am
Out @ 5715 from long E/$. Just seems to be too much downside pressure @ this time. Will stay out for now.

AceTrader
  • #2,499
  • Apr 7, 2008 12:59pm Apr 7, 2008 12:59pm
Eurozone's Juncker says to discuss exchange rates with Bush (http://news.yahoo.com/s/afp/20080407/bs_afp/euuseurozonemoneyforex)

Quote
The visit comes amid widespread EU complaints about the weak US dollar.
Quote
Analysts said the meeting could see calls behind closed doors from European ministers for action to try to stem the dollar's decline against the euro, which is hurting exporters in the eurozone.
  • #2,500
  • Apr 7, 2008 2:53pm Apr 7, 2008 2:53pm
The meeting with bush ought to be a laugh........ that idiot can't count even when using his fingers...
Same Whore .... Different Dress
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