Jacko's Forex House of Pleasure and Pain | Page 131 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #2,601
  • Apr 10, 2008 2:06am Apr 10, 2008 2:06am
Using 1m chart im short @ 1.5844 with stops @ breakeven

i scalp in main but always willing to let a scalp run and run this one may get stops @ break even or 1.5735 could be the TP we will see any way it can not lose money

same on g/j long from 199.40 stop @ breakeven

good luck all
  • #2,602
  • Apr 10, 2008 2:37am Apr 10, 2008 2:37am
Hey MPP,
Who says we have to take a position ( standing aside is also a position)..I was also talking to Somebody, Who said, when in doubt stay out.
I am taking their advice for now and waiting for the smoke to clear.. Yeah, I bet youre jealous I have such good connections ehhhh? HAHA, take care, Raz
Never say never.
  • #2,603
  • Apr 10, 2008 2:45am Apr 10, 2008 2:45am
Quoting yenthing
Using 1m chart im short @ 1.5844 with stops @ breakeven

i scalp in main but always willing to let a scalp run and run this one may get stops @ break even or 1.5735 could be the TP we will see any way it can not lose money

same on g/j long from 199.40 stop @ breakeven

good luck all
closed my g/j for 60 pips e/u still open
  • #2,604
  • Apr 10, 2008 3:41am Apr 10, 2008 3:41am
Quoting yenthing
closed my g/j for 60 pips e/u still open
Whilst it is good to see that you have managed profit through scalping, this forum is designed for the EUR/USD Mid/Long trade patterns. Please keep this in mind
  • #2,605
  • Apr 10, 2008 3:58am Apr 10, 2008 3:58am
was wondering has anyone written or know where I can find a coded test for Jackos antihedge trades preferably in NinjaTrader. Just like to add this reentry method into a backtest I am testing.
  • #2,606
  • Apr 10, 2008 4:18am Apr 10, 2008 4:18am
All time high of 1.5915 just hit. yeah baby.

K8
  • #2,607
  • Apr 10, 2008 4:19am Apr 10, 2008 4:19am
Finally break @ 1.5900...
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  • #2,608
  • Apr 10, 2008 4:22am Apr 10, 2008 4:22am
Quoting Khornate8
All time high of 1.5915 just hit. yeah baby.

K8
And a super fast reversal just after it, But it is good to see a new all time high. With major news on the horizon coming from the US we could see it continue. I hope so anyways
  • #2,609
  • Apr 10, 2008 4:26am Apr 10, 2008 4:26am
Quoting cruze2005
And a super fast reversal just after it, But it is good to see a new all time high. With major news on the horizon coming from the US we could see it continue. I hope so anyways
Funny how it keeps spiking each time a new high is hit (over past months) and reversing quickly again. Hopefully the upcoming news will keep this one going. Gotta say I am sick of all the humbug about 1.5900 and 1.6000. I want 1.6000 to be talked about as a possible support level for longs.

K8
  • #2,610
  • Apr 10, 2008 4:51am Apr 10, 2008 4:51am
Now that 5915 has been hit, what will PRICE DO NEXT? I am still long from 5825, but decided NOT TO ADD MORE LOTS. Unless 5900 turns into resistance I'm sticking with this long position. If 5900 give in to price I'll add the two more lots & see what happens. Once above 5930-50 the 1.6000 level COULD soon follow this time. These are just my views & nothing more.


______________
AceTrader
  • #2,611
  • Apr 10, 2008 5:33am Apr 10, 2008 5:33am
Quoting hendrix
It seems that Bernake's speeches are the most powerful force in the land of Forex. He speaks again tomorrow. If I had guts, I'd go LONG now and wait for that 1.5900 to happen. I'm saying this only half jokingly...
Too bad I didn't have the guts... LOL
  • #2,612
  • Apr 10, 2008 5:44am Apr 10, 2008 5:44am
i hope to see price action drop a little, so that an entry prior to the launch of news later might yield me some more profits (hopefully) but markets tend to consolidate a little before the launch of big news, and since there are a number of items on the calender for later today I wouldnt be suprised if I dont get my wish.

Looks like I might have to settle for an entry at 5900 and see where we go from there
  • #2,613
  • Apr 10, 2008 6:05am Apr 10, 2008 6:05am
doesn't seem like my lone soldier at 1.5550 will be resurrected. R.I.P!
  • #2,614
  • Apr 10, 2008 6:10am Apr 10, 2008 6:10am
Quoting Trumpcard
doesn't seem like my lone soldier at 1.5550 will be resurrected. R.I.P!
According to Jacko's system and the underlying reason for using AH, your order at 1.5550 should be deleted; there is a chance that it gets touched on the way down during a correction and you just give 50 pips away as it plummets further.
The market reveals who we really are...
  • #2,615
  • Apr 10, 2008 6:12am Apr 10, 2008 6:12am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Trumpcard
doesn't seem like my lone soldier at 1.5550 will be resurrected. R.I.P!
Most get collected, only the few sit out there for some time, remember the ECB is likely to leave rates alone, and then all we need is some good news from the US this afternoon, coupled with the banks trying to protect 1.600 and 1.5200 here we come.

this leaves the trend inplace but allows us to collect some of last weeks FS.

But you know the US , news will most likely take us to 1.7 tonight.LOL
  • #2,616
  • Apr 10, 2008 6:17am Apr 10, 2008 6:17am
Quoting shadowninja
According to Jacko's system and the underlying reason for using AH, your order at 1.5550 should be deleted; there is a chance that it gets touched on the way down during a correction and you just give 50 pips away as it plummets further.
Wait a second,
Maybe Im wrong but if hes got an AH order down there it should have already been picked up, if it hasnt it means that the market hasnt dropped below that point by 50 pips yet...so he wouldnt be taking that trade until the market drops below and picks him up on the way up...I say the trade would still be good in that case, isnt that right? take care, Raz
Never say never.
  • #2,617
  • Apr 10, 2008 6:25am Apr 10, 2008 6:25am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Trumpcard
doesn't seem like my lone soldier at 1.5550 will be resurrected. R.I.P!
this is a fallen soldier guys and girls - Not an AH position

TC will place the AH when price falls 50pips past apply the exit point. RTFQ people, KISS it
  • #2,618
  • Apr 10, 2008 6:29am Apr 10, 2008 6:29am
Quoting razldazl
Wait a second,
Maybe Im wrong but if hes got an AH order down there it should have already been picked up, if it hasnt it means that the market hasnt dropped below that point by 50 pips yet...so he wouldnt be taking that trade until the market drops below and picks him up on the way up...I say the trade would still be good in that case, isnt that right? take care, Raz
But is that how the trading platform works? The market drops to 1.5550 and the order gets opened. Then it drops another 100 pips and he's handed over 50 pips.

Actually, I have a question for the OPer... how the hell did he get the order in and it didnt get picked up already?? According to the rules, you set AH when it's 50pips below the level it got stopped out. It is above 1.5550 therefore if the rules were followed, he should be in.
The market reveals who we really are...
  • #2,619
  • Apr 10, 2008 6:30am Apr 10, 2008 6:30am
Quoting MPP
this is a fallen soldier guys and girls - Not an AH position

TC will place the AH when price falls 50pips past apply the exit point. RTFQ people, KISS it
Pay attention to the interest decisions wording and Trichet's speech. If everything goes as planned, we may see 1.60xx.
Humble Lifetime Member
  • #2,620
  • Apr 10, 2008 6:31am Apr 10, 2008 6:31am
General comment about today: there are too many news items. I think it would be dangerous to attempt an entry today before the final news release at 6pm London time. This is a playground for the pros. That's my view, anyway.

Of course, if you're in already and heavily in profit (100+ pips?), then enjoy the ride.
The market reveals who we really are...
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