Jacko's Forex House of Pleasure and Pain | Page 126 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #2,501
  • Apr 7, 2008 1:13pm Apr 7, 2008 1:13pm
Quoting hendrix
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.
Thanx Hendrix. Im still in that trade, but its not moving. The market is dirty at the moment. actually today it was a mess. it has always been like this after NFP. I hope tomorrow we can see some more normal trading environment.
We leave no soldier behind.
  • #2,502
  • Apr 7, 2008 1:15pm Apr 7, 2008 1:15pm
I got in for long at 1.5700 and only managed to get 5 pips (two lots x 5 pips = 10 pips total) after my break even point was adjusted 5 pips above entry price by my order management EA. Oh well at least it wasn't a loss...
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  • #2,503
  • Apr 7, 2008 1:26pm Apr 7, 2008 1:26pm
Quoting newbietrader101
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
I thank you for your candor...

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!
That gets me thinking too and perhaps I'll fully drop my other strategies and join Jacko's next group if allowed, he he...
  • #2,504
  • Edited 3:18pm Apr 7, 2008 2:44pm | Edited 3:18pm
What do you guys think of this scenario?

Because price fell down below 5640 the dotted line is more appropriate..
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  • #2,505
  • Apr 7, 2008 5:23pm Apr 7, 2008 5:23pm
Quoting gagiul
Thanx Hendrix. Im still in that trade, but its not moving. The market is dirty at the moment. actually today it was a mess. it has always been like this after NFP. I hope tomorrow we can see some more normal trading environment.
wow, I have no idea what happened to the Euro, there were no news, but it just shoot up. Im already 120+ on my old trade so I exited it to save the pips and entered a new trade at 1.5750,stop 1.5680. Why? because I think its good to buy strength.
We leave no soldier behind.
  • #2,506
  • Edited 7:09pm Apr 7, 2008 6:56pm | Edited 7:09pm
This may shed a little light on the spike....... (http://www.bloomberg.com/apps/news?pid=20601087&sid=atrULjTTnHp4&refer=home)

and this...... (http://www.bloomberg.com/apps/news?pid=20602081&sid=ayVdw2Cfz4pY&refer=benchmark_currency_rates)
Same Whore .... Different Dress
  • #2,507
  • Apr 7, 2008 7:01pm Apr 7, 2008 7:01pm
...and lost. No more of those for me. Currently looking to go long again between 1.5600 and 1.5650.
  • #2,508
  • Apr 7, 2008 7:22pm Apr 7, 2008 7:22pm
John Doe thanks for those news links, I found them interesting.
  • #2,509
  • Apr 7, 2008 7:27pm Apr 7, 2008 7:27pm
Your welcome...
They make things look a bit less likely to make much of a retracement for a while.
But hey what do I know... I just trade trends and momentum
Same Whore .... Different Dress
  • #2,510
  • Apr 7, 2008 7:33pm Apr 7, 2008 7:33pm
you be smart man mr. doe..............
  • #2,511
  • Apr 7, 2008 7:44pm Apr 7, 2008 7:44pm
Nah ...... Just Lucky
Same Whore .... Different Dress
  • #2,512
  • Apr 7, 2008 7:48pm Apr 7, 2008 7:48pm
Maybe it's a good time to go short? with all the bullish news for the Euro?
A contrarian position.......................
  • #2,513
  • Apr 7, 2008 7:54pm Apr 7, 2008 7:54pm
I think I will just trail my stops for now, I am NOT inclined to go short ..... yet.
Same Whore .... Different Dress
  • #2,514
  • Apr 7, 2008 8:01pm Apr 7, 2008 8:01pm
I was kidding..................
  • #2,515
  • Apr 7, 2008 8:07pm Apr 7, 2008 8:07pm
Ahhh ... yes, Humor....I'll need to brush up on that....
Same Whore .... Different Dress
  • #2,516
  • Apr 7, 2008 8:07pm Apr 7, 2008 8:07pm
Thanks for everyone posting, i sure enjoy reading all these posts, and I'm learning quite alot.

Best of wishes to everyone in their trades and God Bless!
  • #2,517
  • Apr 7, 2008 8:10pm Apr 7, 2008 8:10pm
It will be interesting to see what happens when London comes online and which way this Eur/US will go.

Usually the major moves happen durring the London sessions, it was supriseing to see that move this evening.
  • #2,518
  • Apr 8, 2008 1:36am Apr 8, 2008 1:36am
I have been on the eur since early yesterday. Early bird catches the worm lol. So far yesterday yielded very little, but that nice move up has yielded me good pips so far. I am in this trade for long. The 5800 level looks to be the next nut she needs to crack, and lets hope the london market can do that.
  • #2,519
  • Apr 8, 2008 2:51am Apr 8, 2008 2:51am
Is it now time to get short? I have NO certain idea, but see what happens today. The 5800 level did cause somewhat of a dive & the pressure for the moment seems to favor the downside. The 5700 level did offer somewhat of a support, but will it do so the next time. I have many questions, but few answers. As JOHNDOE stated in a recent post, I'll just try & trade the trend & momentum. The are some positive news bits of late for the Euro, but is it enought to send it towards the 1.5900-1.6000 level again?

If 5750 should cap the downside that COULD offer the next good entry level for another run up to the 1.5900-1.6000 level, but I COULD BE WRONG.

I see there are some new views & comments being posted this week & this is good to see others sharing their ideas on this method. Tks for sharing.

AceTrader
  • #2,520
  • Edited 3:29am Apr 8, 2008 3:16am | Edited 3:29am
I am a buyer at 1.5700

(Good S/R level, 50% fib of recent high/low and 4Hr trendline support) plus round number of course

But I could be wwwrong!
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