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Jacko's Forex House of Pleasure and Pain

  • #3,861
  • May 23, 2008 10:23am May 23, 2008 10:23am
Congratulations on a good tradingweek Rob!

Motivating for a newbie to read success stories!

Have a nice weekend!
  • #3,862
  • May 23, 2008 11:40am May 23, 2008 11:40am
Hallo to everybody,and Jacko at first.I tahank you for sharing your metod and continuing on it.I am happy to see that somebody else has entered a trade at my same level 1.5700.
I was just wondering if my first entry with Jacko's stile could be profitable!!!
It was....now +76.

Lat see what happen.

Thanks.
Patience is essential
  • #3,863
  • May 23, 2008 11:59am May 23, 2008 11:59am
Great job Mr. Rob Priceaction! I think maybe I am being too conservative, but I think I am okay with that. I've been trading my own short-term system successfully, so that lets me be patient on my Jacko entries.

-Sean
  • #3,864
  • May 23, 2008 1:55pm May 23, 2008 1:55pm
Just for clarification, do we enter on Round numbers or we wait for the "break" of those round numbers then enter???? Secondly, do we have to wait for the CLOSE of that candle (say 1 hr or 4 hr) to enter or as soon as it hit the number we will take the trade?????





Quoting seanchicago
I agree with Zorroz; I'm looking for it to hit 1.5550 (the 50% fib) and get in at 1.5600 on the way up. Why not enter at 1.5550? Well I'm still wary of European central banks and I don't want to get too excited and attempt to catch the falling knife. If I miss there will be other entries.

That said I plan on enjoying the holiday weekend and if this happens over this period I will skip the whole thing. The market will always be there.

-Sean
  • #3,865
  • May 23, 2008 4:09pm May 23, 2008 4:09pm
Quoting priceaction
Since the upward trend re-emerged last week, here are my Jacko trade results:

Trade 1
Opened 12 May, Closed 19 May
1.5400 – Long
Stopped out by 100 TSL at 1.5532
Profit: +132 pips

Trade 2
Opened 19 May, Closed 22 May
1.5500 – Long
Stopped out by SL at 1.5750
Profit: +250 pips

Trade 3
Opened 21 May, Closed 22 May
1.5702 – Long
Stopped out by SL at 1.5750
Profit: +48 pips

Trade 4
Opened 23 May
1.5700 - Long
Currently +71 with 21 locked in by 50 TSL
I'm being conservative as I admit; this was a bit of a greedy trade ...but hey I'm just a young and naive turtle who's still growing up.

Thanks again to Jacko for sharing his business blueprint.

I'm done and am going out to enjoy a Friday night.

Have an excellent weekend all you Turtles!

Rob
Sorry, I'm new to the tread. Is there a way or place that I would be able to check out those business blueprints. I have been lerking for a few days and the results are great.

Thanks
  • #3,866
  • May 23, 2008 7:55pm May 23, 2008 7:55pm
Yes, it's called " Jacko's Forex House of Pleasure and Pain"
Hint, start reading the thread at page one.
Good Trading
  • #3,867
  • May 23, 2008 10:48pm May 23, 2008 10:48pm
Quoting aud
Yes, it's called " Jacko's Forex House of Pleasure and Pain"
Hint, start reading the thread at page one.
Hey quick question is there a lot of good info on the system scattered throughout? Cause I read the first 10 pages and the last 20ish and the first ten were all responses about the initial post and the last ones were just suggestions? I'm guessing it probably is real good from 10-100?
  • #3,868
  • May 24, 2008 2:21am May 24, 2008 2:21am
Quoting GriffCo
Hey quick question is there a lot of good info on the system scattered throughout? Cause I read the first 10 pages and the last 20ish and the first ten were all responses about the initial post and the last ones were just suggestions? I'm guessing it probably is real good from 10-100?
Hi Griff,

From my perspective, all the essential information is contained in Jacko's first 10 posts. A lot of what comes after is trading discussion. The fact is, for me, there is nothing complicated about the approach that Jacko has shared. The greatest risk that I have encountered thus far is me, but I'm working on it and slowly but surely getting it under control

You can read more here http://waynejacksonfx.blogspot.com (http://waynejacksonfx.blogspot.com/)

I've also benefited a great deal from reading the three books that Jacko recommends in Post #10 (http://www.forexfactory.com/showpost.php?p=1425831&postcount=10). Curtis Faith's 'Way of the Turtle' is also a good read and quite apt.

I only joined Jacko's group a few months ago so perhaps there are more experienced people here who have more to share. But I hope I've been of some help.

Rob
  • #3,869
  • May 24, 2008 3:37am May 24, 2008 3:37am
The market reveals who we really are...
  • #3,870
  • May 24, 2008 4:07am May 24, 2008 4:07am
Just before we pop out to enjoy a glorious Saturday here in Prague, I thought I'd take a look at what might be around the corner in terms of the next dip and share my thoughts in the chart below.

Whilst I still have my 'greedy long' in play from 1.57 yesterday, that could be short lived, but I've got a little profit locked in so it's nothing to fret over and I shall let it play out with just a 50 TSL.

Let's see what next week offers us and what Jacko's thoughts will be on his blog.

Rob
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  • #3,871
  • May 24, 2008 6:16am May 24, 2008 6:16am
Quoting priceaction
Since the upward trend re-emerged last week, here are my Jacko trade results:

I'm just a young and naive turtle who's still growing up.

Thanks again to Jacko for sharing his business blueprint.

I'm done and am going out to enjoy a Friday night.

Have an excellent weekend all you Turtles!

Rob

priceaction.

Congratulations, those results were outstanding.


Regards.

BabeFX.
  • #3,872
  • May 24, 2008 11:38am May 24, 2008 11:38am
I'm thinking long eur/usd at 1.5650 , movement up seems accelerating therefore I dont think it will hit rising trendline at around 1.5550-1.6000 .
There is 50% fib from recent move up at 1.5650 and other supporting signs at that price.
  • #3,873
  • May 24, 2008 1:18pm May 24, 2008 1:18pm
Quoting razldazl
...whereas you will be (pardon my french) ...f...d!
You are fluent in Spanish and English... and French as well?
  • #3,874
  • May 24, 2008 7:44pm May 24, 2008 7:44pm
Quoting Gandolf
You are fluent in Spanish and English... and French as well?
I also found out she speaks Canadian Eh? LOL
  • #3,875
  • May 25, 2008 10:19am May 25, 2008 10:19am
would you have liked to trade this chart..

well you have been trading this. It is the monthly chart of the eur/usd.
don't forget to take a look at it from time to time. Helps maintain a perspective I think.
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  • #3,876
  • May 25, 2008 10:34am May 25, 2008 10:34am
Quoting Gandolf
You are fluent in Spanish and English... and French as well?
Yep theres one kind of French we all speak I guess..., take care, Raz
Never say never.
  • #3,877
  • May 25, 2008 10:36am May 25, 2008 10:36am
??any?
I AM NOT AGAINST ANY RETARD. I AM JUST AGAINST ANY WRONG/LOSING TRADES.
  • #3,878
  • May 25, 2008 10:37am May 25, 2008 10:37am
Quoting WarrenBuffet
??any?
lol, that's kinda funny. Warren Buffet asking Jacko for trading advice
  • #3,879
  • May 25, 2008 11:36am May 25, 2008 11:36am
The market reveals who we really are...
  • #3,880
  • May 25, 2008 12:11pm May 25, 2008 12:11pm
Quoting kaunasny
I'm thinking long eur/usd at 1.5650 , movement up seems accelerating therefore I dont think it will hit rising trendline at around 1.5550-1.6000 .
There is 50% fib from recent move up at 1.5650 and other supporting signs at that price.

I'm looking at 5650 as a potential buy too. 50 % fib, round number and rising trendline support.

First ever chart posted, thanks to MPP's simple instructions to a technomoron ! LOL!

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