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Jacko's Forex House of Pleasure and Pain

  • #3,881
  • May 25, 2008 1:29pm May 25, 2008 1:29pm
Looking at the daily 5550 appears to be approximately the 50% level......... but that is where fibs like any other analysis is problematic.....it's all a matter of interpretation.

http://img340.imageshack.us/img340/1...capturenv7.png
Same Whore .... Different Dress
  • #3,882
  • May 25, 2008 1:48pm May 25, 2008 1:48pm
Quoting johnedoe
Looking at the daily 5550 appears to be approximately the 50% level......... but that is where fibs like any other analysis is problematic.....it's all a matter of interpretation.
I have to say I like 5550 better simply because 5700 has held up well, and if it does break seems more likely to go farther than 50 pips below there...anyway I will be watching the PA in both areas, take care, Raz
Never say never.
  • #3,883
  • May 25, 2008 1:56pm May 25, 2008 1:56pm
nice to see sanity restored to this thread.........
Same Whore .... Different Dress
  • #3,884
  • May 25, 2008 2:18pm May 25, 2008 2:18pm
Quoting johnedoe
nice to see sanity restored to this thread.........
...yep Jacko´s thread has survived a few hostile takeover attempts in the last few months lol, nice to see you posting again
Never say never.
  • #3,885
  • May 25, 2008 4:33pm May 25, 2008 4:33pm
Quoting razldazl
...yep Jacko´s thread has survived a few hostile takeover attempts in the last few months lol, nice to see you posting again
It's all in the perception of the reader.
  • #3,886
  • May 25, 2008 6:00pm May 25, 2008 6:00pm
Quoting zoopy
lol, that's kinda funny. Warren Buffet asking Jacko for trading advice
I guess Jacko has now officially really come up in this world...
  • #3,887
  • May 26, 2008 3:24am May 26, 2008 3:24am
Quoting Bakuli
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!

Attachment
Sorry for my question,i am new on this forum , but according to Jacko's theory shouldn't we have to enter only at rounded numbers like 5500,5600 and so on?Or do you consider also 5650 like rounded numbers???
Patience is essential
  • #3,888
  • May 26, 2008 5:12am May 26, 2008 5:12am
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
Jacko's well laid out and easily explained plan to buy at 1.5500 was inspired trading. On Friday last week when the E/U was at 1.5595, Jacko advised his group that 1.5500 was a buying target for the Monday. A GREAT call.

I have made a motsa. Keep em coming Jacko.

His second call was to buy again at 1.5700. Absolutely brilliant, I made even more money

His third call was to close them all at 50 pips from the high. Sensational

A GREAT call. Totally inspired trading. Up 263 pips on two lots and 63 pips on the other one lot. I made 589 pips

His blog is brilliant. And extremely funny.

Jacko. You are THE man.
  • #3,889
  • May 26, 2008 6:23am May 26, 2008 6:23am
Hello everyone

I thought I'd spark a bit of debate - if thats allowed.

Only seems like a short while ago everyone was concerned with ECB intervention. Now we are hovering around 5750 do we believe that the ECB concerns have now passed. Do we think 6000 and 6100 and above are achievable or will ECB step in again.

TP
  • #3,890
  • May 26, 2008 6:24am May 26, 2008 6:24am
Quoting benem
Sorry for my question,i am new on this forum , but according to Jacko's theory shouldn't we have to enter only at rounded numbers like 5500,5600 and so on?Or do you consider also 5650 like rounded numbers???
Hi Benem,

All the 00's and 50's are considered as round numbers.
Hope that helps !

Happy trading!

Bakuli
  • #3,891
  • May 26, 2008 6:25am May 26, 2008 6:25am
Quoting forexfixer
Jacko's well laid out and easily explained plan to buy at 1.5500 was inspired trading. On Friday last week when the E/U was at 1.5595, Jacko advised his group that 1.5500 was a buying target for the Monday. A GREAT call.

I have made a motsa. Keep em coming Jacko.

His second call was to buy again at 1.5700. Absolutely brilliant, I made even more money

His third call was to close them all at 50 pips from the high. Sensational

A GREAT call. Totally inspired trading. Up 263 pips on two lots and 63 pips on the other one lot. I made 589 pips

His blog is brilliant. And extremely funny.

Jacko. You are THE man.
Only 589 pips

I havent made this much money so eesily and so fast sinse my last bank robbery.

  • #3,892
  • May 26, 2008 2:15pm May 26, 2008 2:15pm
I too am looking to get back in at 1.5650. Reasons are:
- a round number
- trendline vicinity
- previously strong s&r levels
- 50% fib


See the chart.

Oh, and if we don't get to the 5650 level, then I'm looking to buy at 1.5800, after/if the price retraces from 1.5850.

That's the plan. Now let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: d1.gif Size: 15 KB
  • #3,893
  • May 26, 2008 2:25pm May 26, 2008 2:25pm
Quoting hendrix
I too am looking to get back in at 1.5650. ..

That's the plan. Now let's see what happens.
How about 1.5250 or better yet 5150?
  • #3,894
  • May 26, 2008 3:12pm May 26, 2008 3:12pm
Quoting raczekfx
How about 1.5250 or better yet 5150?
Isn't that a bit too far away?
  • #3,895
  • May 27, 2008 12:36am May 27, 2008 12:36am
Hi everybody in the thread.

First I want to say hello to all the members in the group. Respects!!!

Well, I have been trading with Jacko for almost 1 month into the group, another month just reading the thread and I must say this (to fxstman and Griffco) it worth to read from the very first page, yes, the method is very simple to understand, but the interesting thing here is that reading I saw how trader's mind intend to change A SIMPLE AND PROFITABLE METHOD into a complex and distortioned one and how difficult is NOT to do it, that was my must valuable learning from reading the whole thread (from page 1 to the last).

Said that I want to thank to Jacko fro theaching me things that I don't learn at the business college......and for learning me HOW TO MAKE LOTS OF MONEY!!!!

Thank you Jacko and thank you all.

TRADETHEPIPS

P.S.: Did I say that I laugh tons reading his messages? Learning and having fun.......excellent! and making money.....outstanding!
  • #3,896
  • May 27, 2008 2:15am May 27, 2008 2:15am
Quoting raczekfx
How about 1.5250 or better yet 5150?
My feelings are that if we drop to those levels anytime soon then i will be sitting out for a fair while as i would be waiting for a lower high to form and watching for a possible change in trend. i'd be then looking for set ups to the short side more than likely. Purely my thoughts.
  • #3,897
  • May 27, 2008 2:29am May 27, 2008 2:29am
Quoting forexfixer
~~
His blog is brilliant. And extremely funny.
Jacko. You are THE man.
How do you get to it? All I see is a front web page with his self promotion. Not knocking it, just thinking there must be more.
Good Trading
  • #3,898
  • May 27, 2008 2:45am May 27, 2008 2:45am
Quoting aud
How do you get to it? All I see is a front web page with his self promotion. Not knocking it, just thinking there must be more.
gotta join his group mate i think to get the full blog,
  • #3,899
  • May 27, 2008 2:48am May 27, 2008 2:48am
hello people,

if you really look at it, we can only take these trades confidently because of the fundamentals.
And even the fundamentals dont always make the currency move in the right direction.

before the Iraqi war, the US economy was very much improving, but did that lead to a rising US currency?

no, people`s sentiment took over and the USD declined.

but even if we`re looking at the fundamentals, we better have a very good idea what to look for like inflation and
economic growth in Euroland and the US.
US debt is only a small part of the overall picture.

so are we all confident that the inflation/economic growth is worse in the US than in Europe??????
  • #3,900
  • May 27, 2008 2:53am May 27, 2008 2:53am
If it's not then Europe's stuffed!
Good Trading
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