Jacko's Forex House of Pleasure and Pain | Page 198 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #3,941
  • May 28, 2008 8:58am May 28, 2008 8:58am
To AH or not to AH?

Hmmm, I have AH'd, got my order in.

What about you other turtles?
  • #3,942
  • May 28, 2008 9:13am May 28, 2008 9:13am
Quoting Saint Stevo
To AH or not to AH?

Hmmm, I have AH'd, got my order in.

What about you other turtles?
I have also got my order in.
  • #3,943
  • May 28, 2008 9:33am May 28, 2008 9:33am
Where was the AH entry level?
The market reveals who we really are...
  • #3,944
  • May 28, 2008 10:08am May 28, 2008 10:08am
Quoting Saint Stevo
To AH or not to AH?

Hmmm, I have AH'd, got my order in.

What about you other turtles?
I have also AH'd
Not looking good at the mo.
Enter Signature
  • #3,945
  • May 28, 2008 10:27am May 28, 2008 10:27am
Well I bailed out of the AH - lost 28 pips

Just have to take it on the chin

BTW there's definitely an AH now - but not for me (no AH on an AH)

There's always tomorrow!!
  • #3,946
  • May 28, 2008 10:41am May 28, 2008 10:41am
Quoting Bizking
Hi Jacko
I was wondering if Jacko or any of his turtles could answer couple of questions?
In discussion on other forums about forex trading there were comments like this;
Referring to profit p.m.....”5-6% isn't really possible “ I belive that I have read somewhere
in this tread that Jacko's turtles where doing about 30 – 40% in the first 3 or 4 months under
Jacko's supervision.( I think it said “conservatively speaking”) Or did I imagined it?
I'm not able to find that comments again so is this possible, are you that successful?
I have mentioned that in that discussion that I know trader which is doing better than that, and the replay was;
5-6% on a 1000 $ account or 5-6% on a 1 million $ account? And on what time frame?
I saw traders perform 5% each month for a little over a year with 1000$. But let that same trader handle the millions of $'s for years,
and that same superb trader suddenly drowns in the big FOREX pool.
Is that what's happening, when you start trading bigger volumes the nerves fall's to bits and the strategy's do not apply?
Jacko is this what's happening to your students? Do you hear or communicate with those which
graduated and trading as a pro's or those which started trading for the bank?
Would love to hear what sort of result's they achieving.
There is lot's of grateful people around here that they found you who is willing to share
and teach others your very successful strategy's.
Regards
Hi Bizking

You have raised a number of issues,so I will try to answer them in the order you have asked them.

1. I think the post that you are referring to is this one
http://www.forexfactory.com/showpost.php?p=1786038&postcount=1413

2. I do not believe that as you trade bigger, "the nerves fall's to bits and the strategy's do not apply". In fact, I believe the reverse to be true...as you get nervous, you tend to rely more on the strategy.

3. The traders who have moved to the prop trader positions have barely got their butts on a seat, so it is premature to ask how they are handling the pressure of trading millions of dollars...LOL

4. Whilst I am sure that you "Would love to hear what sort of result's they achieving", there is an issue of privacy. Also, while one of our members recently wrote to me to say that her current rate of return (of 200%+) was nice but she was looking to improve her even further. Others have also emailed me with equal or better results. However, the issue is whether YOU can achieve those types of results.

5. If there is a number of grateful people here, then I feel good, because I am only sharing what I do (trade forex), how I trade (trend trading and the occasional Counter Trend trade on full moon craziness nights), why I take those trades and when I take the trades.

6. Finally, I am enjoying the two groups. They are a very interesting and talented group of traders.


.
  • #3,947
  • May 28, 2008 1:36pm May 28, 2008 1:36pm
Quoting raczekfx
Fiji trader has made an excellent video on the subject and I have a little experiment running in the PF following his idea. So far so good. Over 1900% profit on a small test account in 5 weeks...
Now thats interesting.... I'd like to see that video, can u post the link, please?
Also, I have done this kind of profit myself in the short run some time back. But find it dificult to keep this rate up on the long term. Seems like it was more like ''begginers lucky'' in my case... Did you get thise results using Jacko's trending trading system?

Cheers

PS: Sorry about being offtopic.
''I am too sexy for my pips, too sexy for my pips, too sexy yeahhh...''
  • #3,948
  • May 28, 2008 2:48pm May 28, 2008 2:48pm
Quoting Saint Stevo
Well I bailed out of the AH - lost 28 pips

Just have to take it on the chin

BTW there's definitely an AH now - but not for me (no AH on an AH)

There's always tomorrow!!

Hi

Can you show us the trade? Would be interested to see when it was set and how it worked.

Thanks.
The market reveals who we really are...
  • #3,949
  • May 28, 2008 2:58pm May 28, 2008 2:58pm
Quoting shadowninja
Hi

Can you show us the trade? Would be interested to see when it was set and how it worked.

Thanks.
Bought at 1.5700

Went to 1.5760

Stopped out with TSL at 1.5660

Continued down to 1.5610 - placed AH to buy at 1.5660

AH triggered - rose to 1,5668 before reversing

Bailed out at 1.5628 for 28 pip loss - wassn't willing to lose any more today!!

HTH
  • #3,950
  • May 28, 2008 3:48pm May 28, 2008 3:48pm
Thanks for taking the time to explain to me. I see it now. That is frustrating, but I guess it happens.

Good luck for tomorrow.
The market reveals who we really are...
  • #3,951
  • Edited 4:55pm May 28, 2008 4:40pm | Edited 4:55pm
Quoting Saint Stevo
Bought at 1.5700

Went to 1.5760

Stopped out with TSL at 1.5660

Continued down to 1.5610 - placed AH to buy at 1.5660

AH triggered - rose to 1,5668 before reversing

Bailed out at 1.5628 for 28 pip loss - wassn't willing to lose any more today!!

HTH
Hi Saint Stevo!

Yes that's frustrating, but if it are only 1-2 Pips it depends a little bit at the broker.
I also bought at 5700, went to 5759 Stopped out with TSL at 5659.
Continoued down to 5611 ----- AH was at 5609, so it was not triggered. Around 3 hours later price reached 5608 and now I have set my AH at 5659.
I wonder because your broker was 1 Pip higher than mine, and 1 Pip lower?
Of course it is only 1 Pip, and it can happen, but in your case in both directions? I don't mean that my broker is better, forget it, some times I have the same problem. Today it was good for me, but I had times where it was bad for me. But in the long term we make a lot of money. I also was stopped out for a loss of 41 Pips today, but last week I made around 300 Pips, what shalls. We all have to thank Jacko for his methode and his help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Erkro
  • #3,952
  • May 28, 2008 6:28pm May 28, 2008 6:28pm
Quoting Dudu 73
Now thats interesting.... I'd like to see that video, can u post the link, please?
Also, I have done this kind of profit myself in the short run some time back. But find it dificult to keep this rate up on the long term. Seems like it was more like ''begginers lucky'' in my case... Did you get thise results using Jacko's trending trading system?

Cheers

PS: Sorry about being offtopic.
The link is in my signature. The video is called ‘MoneyMgtSpdsht’. I agree, such high rate of return is only possible on small account. As your account grows substantially, you’d be very happy to get 40-80% per year....
No, I didn’t use jacko’s method, since it doesn’t fit my personality, but I really enjoy watching his two groups making progress in this business using ‘j trend following method’. I use strictly PA and S/R and it matters not which direction price moves. Happy trading.

r.
p.s. I should have added that video is only available to members.
  • #3,953
  • May 28, 2008 6:41pm May 28, 2008 6:41pm
Hey I lost 68 pips but last week i gained 399!

Its the name of the game - nobody wins all the time.

Today was just an extraordinary day - not good for EU bulls - it happens!
  • #3,954
  • May 28, 2008 7:38pm May 28, 2008 7:38pm
What made you guys go long? I don't see it on my charts.
  • #3,955
  • May 29, 2008 2:10am May 29, 2008 2:10am
I missed the opportunity to buy at 1.5700


I am looking for an entry around the "Buy zone" marked on the chart, but will wait for candle confirmation.


Regards,

BabeFX.
Attached Image (click to enlarge)
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  • #3,956
  • May 29, 2008 2:24am May 29, 2008 2:24am
The only explanation I can see here is that elephants are back to get us. Watch out!
  • #3,957
  • May 29, 2008 2:43am May 29, 2008 2:43am
In at 1.5600 with 50 pip tsl.

-Sean
  • #3,958
  • May 29, 2008 3:29am May 29, 2008 3:29am
Stopped out at 1.5560

-40 pips

-Sean
  • #3,959
  • May 29, 2008 3:29am May 29, 2008 3:29am
I'm looking at the 1.5550 being the low point. Two reason:

  1. 50% retracement (I think I read that was a good area)
  2. Draw the simple S/R horizontal lines. This area held as resistance on May 6th and May 12th/13th. Hopefully the resistance will turn into support.

It's not the 'be-all & end-all' that we get in at the extreme lows (as everyone knows) so I will not be looking to enter exactly at 1,5550, but instead will wait for price to make a higher low, then choose the entry.

http://content.screencast.com/media/...RUSD%204hr.png

  • #3,960
  • May 29, 2008 6:37am May 29, 2008 6:37am
Moxy > how will you know when the low is the low ?

I agree with 1.5550 as a strong resistence level. I put my stop just bellow it at 1.5530 from my 1.5650long. Little too many pips, but I thought the risk is worth it, since I was planing to use 100 pip TSL, hopefully it will hold. Most likely it wont.

Thought I wonder where this selling power is comming from.

Bernankie is speaking today, maybe hopefully he will bale me out
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