Jacko's Forex House of Pleasure and Pain | Page 150 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #2,981
  • Apr 17, 2008 9:27pm Apr 17, 2008 9:27pm
Acetrader,

I agree with you, The funny thing is I, and this is probably a BIG no-no, but I just have a gut feeling about not being in right now.....at least I won't lose money, yet the flip side is as the New York lotto used to say,
"You can't win it if your not in it"...................LOL

We shall see what happens
  • #2,982
  • Apr 18, 2008 12:16am Apr 18, 2008 12:16am
Here is a little light reading that may shed some light..... or not...lol What Could Trigger A Turn in EUR/USD? (http://biz.yahoo.com/fxcm/080417/1208472991168.html?.v=1)
Same Whore .... Different Dress
  • #2,983
  • Apr 18, 2008 12:27am Apr 18, 2008 12:27am
johndoe,



thanks for sharing..interesting article...so, are you short on EU now?
make money up or down...whatever ! :
  • #2,984
  • Apr 18, 2008 12:33am Apr 18, 2008 12:33am
Again you guys starting to have a bearih sentiment- only to wake up after it goes to 1.61!!

;-)) then it will be " i should have stayed with the trend and not listen to all the nonsense about eur going don on that forum"
  • #2,985
  • Apr 18, 2008 12:44am Apr 18, 2008 12:44am
Quoting forexstacy
Hi there,
The retracement value is still 50 pips even when using the 100 pip s/l.

Jacko did point this out on the blog sometime ago when he moved to the 100 pip s/l
Hope this helps
Hi all,

The reason why the 100 pips TSL was never mentioned before here in the open forum was because Jacko did specifically ask the group to refrain from talking about it on Forex Factory for the present time as it could be a temporary measure and he doesn't want traders to be unduly risking twice their capital further down the track.

I think it is important for the group members to refrain from discussing the specifics from the private blog in the open forum as it is a break of confidentiality. Let Jacko decide for himself what he wants to post here in the open forum what he writes in his private blog. I think he has already been very generous with what he has revealed about his method so far. There are enough material here to trade the method successfully.



( To Jacko's Group Members - refer to blog message nos 69 for the above instruction if you were unaware of it ...well, it's too late now anyway ! )

Happy trading all !
  • #2,986
  • Apr 18, 2008 12:55am Apr 18, 2008 12:55am
Great reminder Bakuli. Perhaps the post(s) can be deleted...?
  • #2,987
  • Apr 18, 2008 12:58am Apr 18, 2008 12:58am
Quoting ferose
johndoe,



thanks for sharing..interesting article...so, are you short on EU now?
Absolutely not.... But it will come, be patient and stay with the current trend with money management intact. the article was just a little info and NOT meant as trading advise.
Same Whore .... Different Dress
  • #2,988
  • Apr 18, 2008 1:06am Apr 18, 2008 1:06am
ok..thanks for sharing Johndoe..i'm long on EU anyway for now..

tinker me when its time to go down...
make money up or down...whatever ! :
  • #2,989
  • Apr 18, 2008 1:08am Apr 18, 2008 1:08am
Quoting Bakuli
Hi all,

The reason why the 100 pips TSL was never mentioned before here in the open forum was because Jacko did specifically ask the group to refrain from talking about it on Forex Factory for the present time as it could be a temporary measure and he doesn't want traders to be unduly risking twice their capital further down the track.

I think it is important for the group members to refrain from discussing the specifics from the private blog in the open forum as it is a break of confidentiality. Let Jacko decide for himself what he wants to post here in the open forum what he writes in his private blog. I think he has already been very generous with what he has revealed about his method so far. There are enough material here to trade the method successfully.



( To Jacko's Group Members - refer to blog message nos 69 for the above instruction if you were unaware of it ...well, it's too late now anyway ! )

Happy trading all !
So I guess there is a secrecy rule, I wasn't too far off even though I was only joking about such a thing...LOL!
  • #2,990
  • Apr 18, 2008 1:31am Apr 18, 2008 1:31am
Quoting Bakuli
Hi all,

The reason why the 100 pips TSL was never mentioned before here in the open forum was because Jacko did specifically ask the group to refrain from talking about it on Forex Factory for the present time as it could be a temporary measure and he doesn't want traders to be unduly risking twice their capital further down the track.

I think it is important for the group members to refrain from discussing the specifics from the private blog in the open forum as it is a break of confidentiality. Let Jacko decide for himself what he wants to post here in the open forum what he writes in his private blog. I think he has already been very generous with what he has revealed about his method so far. There are enough material here to trade the method successfully.
Hi Bakuli and fellow Turtles,




( To Jacko's Group Members - refer to blog message nos 69 for the above instruction if you were unaware of it ...well, it's too late now anyway ! )

Happy trading all !
Please forgive me if you feel i have broken any rules. I was genuinly just trying to help. I see now that i should have left it to Jacko himself to reveal as he saw fit . Apologies.
  • #2,991
  • Apr 18, 2008 1:34am Apr 18, 2008 1:34am
Quoting Bakuli
The reason why the 100 pips TSL was never mentioned before here in the open forum was because Jacko did specifically ask the group to refrain from talking about it on Forex Factory for the present time as it could be a temporary measure and he doesn't want traders to be unduly risking twice their capital further down the track.
Just use the same amount of risk that you used for 50 pips(e.g. 1%) and spread it over 100 pips while you feel increased volatility persists. Then you do not suffer increased exposure, yet still have similiar "leverage" as before due to the increased moves compared to the increased stop as well.
Trust price. Know yourself.
  • #2,992
  • Apr 18, 2008 1:39am Apr 18, 2008 1:39am
Have almost read the whole thing here..Just had to skip to the end to see what happened..LOL!Keep up the good work guys!!Goodtrading!
  • #2,993
  • Apr 18, 2008 1:49am Apr 18, 2008 1:49am
Hello Guys,

I want to say thank you for you explanation of the AH rule.
great to know that there is a place where I can ask and can be sure to get help full informations.

Cheers

Cyborg
  • #2,994
  • Apr 18, 2008 1:52am Apr 18, 2008 1:52am
Quoting Aad
So I guess there is a secrecy rule, I wasn't too far off even though I was only joking about such a thing...LOL!

That was the only time any request was made by Jacko for members to refrain from discussing certain things on the open forum. Infact it was some of the group members themselves who had originally complained to Jacko about what was being discussed in the open forum.

There are no written secrecy rules as such but common sense should prevail. Just think why one would pay money to be a member of a private group ?
  • #2,995
  • Apr 18, 2008 1:55am Apr 18, 2008 1:55am
Quoting SeekingLight
Just use the same amount of risk that you used for 50 pips(e.g. 1%) and spread it over 100 pips while you feel increased volatility persists. Then you do not suffer increased exposure, yet still have similiar "leverage" as before due to the increased moves compared to the increased stop as well.
Hi Seeking light

You've hit it on the nail!

Happy trading !
  • #2,996
  • Apr 18, 2008 1:58am Apr 18, 2008 1:58am
Hello Everyone

My long from 5865 is still in play with stop at BE. I'm thinking about exits now. I guess with a R:R of 1:1 then a 100 point stop should mean a 100 point profit. That would put my exit up at 5965. Just wandering if anyone has any thoughts on exits looking at the current price action. Its new territory up here so we dont really have any well defined Support or Resistance - or maybe I just cant see them. Some may develop though as we progress. I have seen price fall away after touching 5940, 5950 and even 5960 levels but I could be looking too hard.

Thanks

TP
  • #2,997
  • Apr 18, 2008 2:05am Apr 18, 2008 2:05am
Quoting forexstacy
Please forgive me if you feel i have broken any rules. I was genuinly just trying to help. I see now that i should have left it to Jacko himself to reveal as he saw fit . Apologies.
Hi Forexstacy

It's not your fault as that instruction is easily lost in the many blog messages and there was no repeat of that request in the recent messages for newer members. I can see you were genuinely just traying to help, so don't feel too bad about it.

Happy trading!
  • #2,998
  • Apr 18, 2008 2:20am Apr 18, 2008 2:20am
I think we'll see 1.6000 today. It's not that far away, trend is up, and I don't really believe in fibs other than 50% retracement.

I think I'll be closing my position at 1.6000 , because I dont want to leave a position over weekend when all these talks are around about ECB interfering and so forth and looking at what happened last weekend.

Although round numbers like that usualy make the market knock at it couple of times before letting through.

Good trading
  • #2,999
  • Apr 18, 2008 2:39am Apr 18, 2008 2:39am
Quoting Trumpcard
just wondering if anyone here is actually sticking to original Jacko rules as stated in the first few posts of this thread? otherwise I feel this thread may end up becoming just like every other one with posters posting every willy nilly trade based on whatever... I wanna see some pure Jacko trades based off fibs, round numbers, AHS!

I guess it is hard for many to wait for dips, because such price action, as we are witnessing now, is very rare. Just look at the weekly charts. But, sooner or later, the "normal" patterns should return.
  • #3,000
  • Apr 18, 2008 3:03am Apr 18, 2008 3:03am
Quoting takeprofit
Hello Everyone

My long from 5865 is still in play with stop at BE. I'm thinking about exits now. I guess with a R:R of 1:1 then a 100 point stop should mean a 100 point profit. That would put my exit up at 5965. Just wandering if anyone has any thoughts on exits looking at the current price action. Its new territory up here so we dont really have any well defined Support or Resistance - or maybe I just cant see them. Some may develop though as we progress. I have seen price fall away after touching 5940, 5950 and even 5960 levels but I could be looking too hard.

Thanks

TP
Hello again

OK so a quick update:

I set my limit order at 5955 to give me 90 points profit. It was just touched and my position was closed out for me. I'm happy with that.

No real science applied to choose the exit.

Good luck to everyone else. I'm hoping for a large move down now to get back on board.
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