Jacko's Forex House of Pleasure and Pain | Page 170 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #3,381
  • Apr 24, 2008 2:17pm Apr 24, 2008 2:17pm
Quoting edge540
I have a question regarding the use of the AH strategy.I've only taken 7 real trades since starting to use this method this month and am pleased with the results but my last 2 trades were stopped out as the market dropped.I've put 2 buy orders in at the stopped out prices (1.5833 and 1.5806) but the market has fallen well below these prices, do I leave these orders in place or look better entries at much lower prices? Thanks in advance.
Edge, those two entries are very close together. You may want to pick up just one of those two with an AH. Soldiers down that close together indicate over-trading to me. If your money management says otherwise then by all means bring both the soldiers back to camp.
Archer
  • #3,382
  • Apr 24, 2008 2:18pm Apr 24, 2008 2:18pm
Quoting Dudu 73
Well, here in Brazil we have a very comun saying, and its absolutelly true regarding me and my wife.....
"Men allways should have the last word: Yes, love"

lol
Dudu,
My wife says thats two words. Damn it we are wrong again!
  • #3,383
  • Apr 24, 2008 2:23pm Apr 24, 2008 2:23pm
Quoting Archer
Dudu,
My wife says thats two words. Damn it we are wrong again!

See, even when we accept defeat we are wrong !!!

LOL

hehehehe
''I am too sexy for my pips, too sexy for my pips, too sexy yeahhh...''
  • #3,384
  • Apr 24, 2008 2:24pm Apr 24, 2008 2:24pm
Quoting Archer
Dudu,
My wife says thats two words. Damn it we are wrong again!
Never say never.
  • #3,385
  • Apr 24, 2008 2:35pm Apr 24, 2008 2:35pm
Quoting seanchicago
Perhaps make it a rule for yourself to only add to positions when they are going you way. Adding the other way is a bit dangerous. It will work for a while then one day it doesn't, and man does it hurt.

Good luck, I'm in there with you friend,

Sean
OK Sean I'll give this a go thanks. It would have saved me some money today so maybe its not such a bad idea. It did hurt a little.

TP
  • #3,386
  • Apr 24, 2008 2:36pm Apr 24, 2008 2:36pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting edge540
I have a question regarding the use of the AH strategy.I've only taken 7 real trades since starting to use this method this month and am pleased with the results but my last 2 trades were stopped out as the market dropped.I've put 2 buy orders in at the stopped out prices (1.5833 and 1.5806) but the market has fallen well below these prices, do I leave these orders in place or look better entries at much lower prices? Thanks in advance.
Hi edge
when price continues to fall we look for better entries and leave the AH in place, the reason behind this is, when we enter lower and price moves up we are in profit and MM will allow the AH trade to take place, providing the new entry has not exceeded our initial trade allowance. that said there must be a suffucient price difference to allow the new entry to BE before the Ah is collected otherwise we may lose on both.

MM is key to the number of trades we place, so if MM only allows 3 trades then only trade your three. i also agree with Archer about the 2 AH trades - very close, watch yourself there.

Clear as mud

MPP
  • #3,387
  • Apr 24, 2008 3:18pm Apr 24, 2008 3:18pm
Well I am looking at it and I set a buy at 1.5710......also have 3 AH 1.5900 , 1.5922, 1.5947....Come on BULL!!!
  • #3,388
  • Apr 24, 2008 3:32pm Apr 24, 2008 3:32pm
Quoting jlmac27
Well I am looking at it and I set a buy at 1.5710......also have 3 AH 1.5900 , 1.5922, 1.5947....Come on BULL!!!
I think you need to rethink carefully what you're doing...
You already have THREE fallen soldiers almost right next to each other and you already want to add another to join the party?

I'd slow down and let those fallen soldiers recover first.
  • #3,389
  • Apr 24, 2008 3:40pm Apr 24, 2008 3:40pm
Thanks zoopy you may be right....Patience is a virtue!
  • #3,390
  • Apr 24, 2008 3:48pm Apr 24, 2008 3:48pm
Sometimes greed takes over.Let the market come to you,there is plenty of pips for everyone,I have to remind myself of that!!
  • #3,391
  • Apr 24, 2008 4:03pm Apr 24, 2008 4:03pm
Hey Ace glad to see you here.
  • #3,392
  • Apr 24, 2008 4:26pm Apr 24, 2008 4:26pm
Quoting seanchicago
What's your problem? You are so full of it that's it is coming out of your ears.

You always pop in and act as though you knew what would happen, AFTER THE FACT! If someone questions your trades because they are obviously fiction, you get defensive. Sometimes you have a trailing stop that is only 10 pips, other times it is greater than 100 pip!?! Then you have the gall to tell everyone "just follow Jacko's rules" it is a really "simple system".

You are mental. Just once I'd like to see you post a trade which you intend on doing based on the system before it happens. And post your actual stops and what you think will happen instead of your normal meaningless posts.

Here's an example of your nonsense, "Hi I am Ace. The recent low was 5711. By observing price action, I bought at 5712. Now we are at 5780 and I have some nice pips locked in. Jacko's great! If we go down below 5650 that will mean we are probably going down. But if we go over 5850 then I think we are going up. Patience everyone."

Later the market goes to 5900, pulls back to 5775, then goes to 5950, and then you post again, "I'm still in from 5712. This is really easy just follow what Jacko says. If we go down below 5850 that will mean we are going down. But if we go over 6000 then I think we are going up. I hope this helps."

The market tops out at 6020 and you typically post more drivel, "We are now at 5670, good thing that I am me. I watched the price action and tightened my stop to 2 pips and got out of my trade at 6018. I had 4 lots so this means I made just over 1200 pips. Jackos great! Meanwhile I agree with those who don't understand why people didn't listen to Jacko when he warned them that we were due for a correction. Which he posted before my last 4 long trades. Some people just don't get it."

Listen, you poser, I placed a trade and recorded it here real time as you noticed. I bought at 5795 which was about 15 to 20 pips above the advancing 4 hour trend line. It was 85 pips above the previous low of 5711. I placed my stop at 5695 (or an 100 pip stop). This was a rational, well thought out trade, that didn't work out. Because it didn't work out you are questioning whether I traded on the floor? You really need to commit yourself to a mental health facility.

I'm sorry you don't like me pointing out that you are full of it, but instead of attacking me maybe you should try the truth. As I said to you long ago, lying to yourself is no way to improve. But maybe you really don't want to actually trade you just want to live a fictious life of a great trader at the Forex Factory. In which case why don't you start your own thread. You could name it "Trading with a Time Machine".

-Sean
Heheheh, I laugh so much reading your post. I have nothing against acetrader but I have to agree with you sean, his posts are so anoying , alwyas repeatin things like, "just follow jacko´s method" "this stuff is really simple". I´m tired of that as well, lol heheh
Cut losses, Ride winners, Manage Risk, Stick with it & Master it
  • #3,393
  • Apr 24, 2008 4:41pm Apr 24, 2008 4:41pm
I only noticed this the other day, after entering a trade at 5900 and getting stopped out at 5850. I waited for the market to head south 50 so I could AH with a 50TSL. Now my entry is much lowe, like it has been dragged down with the market. Is this normal??? Is your TSL suppose to work both ways in that I mean when the market picks you up and heads north the TSL follows and minimises your risk, eventually it locks in profits, or the market moves south doesnt pick you up but drags you with the current so that you enter earlier rather than waiting.

Cheers

Max
  • #3,394
  • Apr 24, 2008 5:05pm Apr 24, 2008 5:05pm
Quoting Forexian1
Has anyone had a problem with the "trailing stops" EA. It works great in my demo account, but for some reason, no matter what i do, it puts a 50 pip trailing stop on my trades and does some other whacky things in my live account. I'm assuming it's because I have a mini account and it uses a different server or something. Anyway - I know that many EA's have been suggested here, but i am looking for one that just trails stops for an MT4 mini account, I dont want it to take trades or anything for me. Someone please tell me what I am doing wrong or give me the name of the EA that works. I trusted it because it worked in my demo, I used it on a trade - woke up thinking i would be up 110 pips and found out it moved my stop too quickly and lost 22 pips. So I am a bit frustrated. HELP!

Hi Forexian1, have you tried the "Swiss Army" EA? It only manages your trades trail stops, stop loss, break even+, and has other features too. It does this once an order gets picked up...
  • #3,395
  • Apr 24, 2008 5:10pm Apr 24, 2008 5:10pm
Quoting cruze2005
I only noticed this the other day, after entering a trade at 5900 and getting stopped out at 5850. I waited for the market to head south 50 so I could AH with a 50TSL. Now my entry is much lowe, like it has been dragged down with the market. Is this normal??? Is your TSL suppose to work both ways in that I mean when the market picks you up and heads north the TSL follows and minimises your risk, eventually it locks in profits, or the market moves south doesnt pick you up but drags you with the current so that you enter earlier rather than waiting.

Cheers

Max
cruze maybe this will help, anyone else feel free to correct.
Sometimes a picture is more clear.
Attached Images
  • #3,396
  • Apr 24, 2008 6:33pm Apr 24, 2008 6:33pm
Does anyone think we could long a retracement on this....We have fallen quite a bit with really no retracement.Do you think the big money is keeping short?That would prevent a retracement I guess.Any thoughts?.Or could we be looking at this trendline way south?
Attached Image (click to enlarge)
Click to Enlarge Name: the chart.gif Size: 23 KB
  • #3,397
  • Apr 24, 2008 6:45pm Apr 24, 2008 6:45pm
I think we will hit my second trendline on the previuos chart.These are words from a semi newbie but all the TA and fundies are pointing that way.What does Jacko say guys? I know it is private but some vague info would be ok huh?
  • #3,398
  • Apr 24, 2008 7:04pm Apr 24, 2008 7:04pm
Quoting jacko
I repeat :

Be VERY careful...The ECB wants the Euro below where it is !!!!!!


But I could be wwwrong !!!
jlmac27,

The private blog isn't secretive at all. Basically everything that Jacko alludes to in the private blog he will put on this forum if he thinks it is appropriate. Search the whole FF site using the search function for posts by jacko and you will get his latest thoughts. A lot of the members, including myself ,are reluctant to post what is on the blog, not from secrecy, but from the fact that we may have misinterpreted somethng, therefore leave it to Jacko.

He is very concious of the fact that a lot of newer traders will simply follow him blindly without knowing why. Even Jacko has taken some decent hits in the last month (as posted here). The Private blog is in no way a signal service, more a place where he offers insights into his method and if any of us has questions we can email him and he WILL personally reply to our email. If the email is one that he believes benefits the majority he will include the reply on the blog for all to see.

Please don't take this as a personal hit on you, just thought I'd throw it up again (Sorry Jacko if I have spoken out of turn)

Cheers,

K8
  • #3,399
  • Apr 24, 2008 7:35pm Apr 24, 2008 7:35pm
Quote
Originally Posted by jacko http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=1952437#post1952437)
I repeat :

Be VERY careful...The ECB wants the Euro below where it is !!!!!!


But I could be wwwrong !!!
just curious, at what price are we looking at if the ECB wants the EU to go below ?
cheers..
make money up or down...whatever ! :
  • #3,400
  • Apr 24, 2008 7:54pm Apr 24, 2008 7:54pm
Quoting cecmc
Heheheh, I laugh so much reading your post. I have nothing against acetrader but I have to agree with you sean, his posts are so anoying , alwyas repeatin things like, "just follow jacko´s method" "this stuff is really simple". I´m tired of that as well, lol heheh
Do not stir the pot..........

and seaninchicago and ace trader, put your differences aside or you all get a time out...........
Same Whore .... Different Dress
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