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Jacko's Forex House of Pleasure and Pain

  • #3,981
  • May 30, 2008 11:32am May 30, 2008 11:32am
Hi

Just a quick one regarding the application of the A-H.

I took a long at 5650 stopped at 5568. Is our use of the A-H supposed to be completely mechanical? My limit at 5568 was hit and I am now back in the trade, as per my rules.

Just wondered what everyones attitude to the A-H is, whether people are trading it mechanically or using some element of discretion.

Thanks in advance
  • #3,982
  • May 30, 2008 11:51am May 30, 2008 11:51am
Quoting aamarx
Hi

Just a quick one regarding the application of the A-H.

I took a long at 5650 stopped at 5568. Is our use of the A-H supposed to be completely mechanical? My limit at 5568 was hit and I am now back in the trade, as per my rules.

Just wondered what everyones attitude to the A-H is, whether people are trading it mechanically or using some element of discretion.

Thanks in advance
Generally mechanical as per the rules. However, if the first AH is not a charm, I personally do not enter another one as the market seems to have a different attitude then mine. I then look for the standard entry.
  • #3,983
  • May 30, 2008 12:37pm May 30, 2008 12:37pm
Quoting ownshook
Generally mechanical as per the rules. However, if the first AH is not a charm, I personally do not enter another one as the market seems to have a different attitude then mine. I then look for the standard entry.
You have an A-H on an A-H? I only use the one. If it doesnt work out, thats the end of the trade, reevaluate and look for a new trade. As far as I know their is only one A-H for a trade, but I am pretty new to the group so could be mistaken
  • #3,984
  • May 30, 2008 1:00pm May 30, 2008 1:00pm
Quoting aamarx
You have an A-H on an A-H? I only use the one. If it doesnt work out, thats the end of the trade, reevaluate and look for a new trade. As far as I know their is only one A-H for a trade, but I am pretty new to the group so could be mistaken
That's correct. You don't place an AH on an AH. However, you could have two AH trades lined up because of two failed attempts. I don't think I'd enter the market again after that but instead wait for those trades to be picked up. Once you lose on an AH, that is the end of the trade and you start from scratch.
  • #3,985
  • May 30, 2008 1:43pm May 30, 2008 1:43pm
I'm in a AH trade now from my earlier posted trade. Entered at 1.5560.

-Sean
  • #3,986
  • May 30, 2008 4:17pm May 30, 2008 4:17pm
Quoting aamarx
You have an A-H on an A-H? I only use the one. If it doesnt work out, thats the end of the trade, reevaluate and look for a new trade. As far as I know their is only one A-H for a trade, but I am pretty new to the group so could be mistaken

No, I didn't write that.

I wrote that if the first A-H does not work I do not enter another one and I look for a standard entry. I used the word "first" because I have read in previous posts some have used an a-h on top of another. I believe however I was pretty clear in my post ("if the first AH is not a charm, I personally do not enter another one") that there was no second a-h trade if it doesn't work out the first time.
  • #3,987
  • May 31, 2008 12:51pm May 31, 2008 12:51pm
the chart will tell us all as how prices react to these markings..
just my thinking and what i am watching..

http://i286.photobucket.com/albums/l...SD05312008.jpg
  • #3,988
  • Jun 1, 2008 8:54am Jun 1, 2008 8:54am
I noticed this thread in the trash (Recycle bin). What's up with that?
  • #3,989
  • Jun 1, 2008 5:32pm Jun 1, 2008 5:32pm
Just spend the weekend reading all the pages few. Learnt a lot already iv applied to join the group if there still taking people in of course

Fingers crossed
  • #3,990
  • Jun 1, 2008 9:23pm Jun 1, 2008 9:23pm
Quoting jacko
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.


.
Jacko,
A clear, honest and straight forward response as usual.

To everyone,
Jacko is a shining example of a very generous trader who is willing to share his expertise and experience.

Since joining Jacko's group I have seen trading in a whole new light.
It is not merely a disorganised series of buying and selling of different currencies. It is a strategic and calculated system of trading that takes all the pressure off when looking at the market.
He also has a more holistic approach that includes a view of trading as a total business, not merely random trades that is something more akin to gambling.

Jacko sees trading as a lifelong business that can be conducted anywhere, anytime by anyone.

Jackos group is the best deal in Forex. He is the real deal. Where else are you going to be able to talk to a guy who trades 200-300 Euro Lots at a time? He answers every one of my emails when I have wanted to ask something. And he answers them within 24 hours
There is no bullshit in his blog. He trades live and gives us hours of warning about his upcoming trades
As to having to pay for the blog, I have recouped my joining fee many times over and I have only been a member for a short period.

If you are serious about trading as a career and lifetime business you wont do better than to contact Jacko and see if there are any more spaces in the second group.
I did and its money well spent.

Forexfixer
  • #3,991
  • Jun 2, 2008 12:54am Jun 2, 2008 12:54am
Stopped out at a 30 pip lost on my AH trade. I used a 50 pip TSL, maybe it should have been 100, but I get the feeling that we may see new lows so I wanted to be conservative.

Like all of you I will be happier when we see higher highs on the daily charts.

Will spend some time looking things over before picking a new entry.

-Sean
  • #3,992
  • Jun 2, 2008 1:26am Jun 2, 2008 1:26am
Quoting seanchicago
Stopped out at a 30 pip lost on my AH trade. I used a 50 pip TSL, maybe it should have been 100, but I get the feeling that we may see new lows so I wanted to be conservative.

Like all of you I will be happier when we see higher highs on the daily charts.

Will spend some time looking things over before picking a new entry.

-Sean
Not to be this time Sean, keep at it.
  • #3,993
  • Jun 2, 2008 6:07am Jun 2, 2008 6:07am
Quoting forexfixer
Jacko,
A clear, honest and straight forward response as usual.

To everyone,
Jacko is a shining example of a very generous trader who is willing to share his expertise and experience.

Since joining Jacko's group I have seen trading in a whole new light.
It is not merely a disorganised series of buying and selling of different currencies. It is a strategic and calculated system of trading that takes all the pressure off when looking at the market.
He also has a more holistic approach that includes a view of trading as a total business, not merely random trades that is something more akin to gambling.

Jacko sees trading as a lifelong business that can be conducted anywhere, anytime by anyone.

Jackos group is the best deal in Forex. He is the real deal. Where else are you going to be able to talk to a guy who trades 200-300 Euro Lots at a time? He answers every one of my emails when I have wanted to ask something. And he answers them within 24 hours
There is no bullshit in his blog. He trades live and gives us hours of warning about his upcoming trades
As to having to pay for the blog, I have recouped my joining fee many times over and I have only been a member for a short period.

If you are serious about trading as a career and lifetime business you wont do better than to contact Jacko and see if there are any more spaces in the second group.
I did and its money well spent.

Forexfixer
I agree 100% . He is incredibly generous with his time and very patient with us newbies.

I AM BECOMING AN AWESOME TRADER
  • #3,994
  • Jun 2, 2008 11:42am Jun 2, 2008 11:42am
I was in at 1.5550 and was stopped out as well. AH has yet to be triggered...so im thinking of re-entering after a break of 1.56 as there seems to be some resistance there. Any thoughts?
  • #3,995
  • Jun 2, 2008 12:33pm Jun 2, 2008 12:33pm
Fingers crossed iv applied as I see it as a good move. Am looking to go full time in the forex and Jackos trading group sounds like it would be the ideal trading enviroment.

Russell


Quoting forexfixer
Jacko,
A clear, honest and straight forward response as usual.

To everyone,
Jacko is a shining example of a very generous trader who is willing to share his expertise and experience.

Since joining Jacko's group I have seen trading in a whole new light.
It is not merely a disorganised series of buying and selling of different currencies. It is a strategic and calculated system of trading that takes all the pressure off when looking at the market.
He also has a more holistic approach that includes a view of trading as a total business, not merely random trades that is something more akin to gambling.

Jacko sees trading as a lifelong business that can be conducted anywhere, anytime by anyone.

Jackos group is the best deal in Forex. He is the real deal. Where else are you going to be able to talk to a guy who trades 200-300 Euro Lots at a time? He answers every one of my emails when I have wanted to ask something. And he answers them within 24 hours
There is no bullshit in his blog. He trades live and gives us hours of warning about his upcoming trades
As to having to pay for the blog, I have recouped my joining fee many times over and I have only been a member for a short period.

If you are serious about trading as a career and lifetime business you wont do better than to contact Jacko and see if there are any more spaces in the second group.
I did and its money well spent.

Forexfixer
  • #3,996
  • Jun 2, 2008 3:42pm Jun 2, 2008 3:42pm
As of yesterday....I'm a new member of Jacko's second group and have been reading the blog for about three hours last night trying to digest everything.
Looking forward to putting the methods and mindset into place in my own trading and joining in on this thread.

Cheers
  • #3,997
  • Jun 2, 2008 4:33pm Jun 2, 2008 4:33pm
Gratz I hope i get the same chance and the pip amount up
  • #3,998
  • Jun 3, 2008 12:44am Jun 3, 2008 12:44am
Quoting Ridemade
I was in at 1.5550 and was stopped out as well. AH has yet to be triggered...so im thinking of re-entering after a break of 1.56 as there seems to be some resistance there. Any thoughts?

Ridemade,
It seems that the market is hanging around my daily trendline, when it hangs around support (as opposed to bouncing off) there is a good chance it will be broken.
That makes me want to look at the weekly chart.
I am thinking maybe we will see the 50% retrace of the last swing up on the weekly chart which at least one of the other more experienced members pointed out already.
I have 1.5200/1.5250 as that target to look for a long position.
If we se a lower low today than yesterday at 1.5486 then I think the above will be more likely to play out. The 4hr chart seems indecisive to me, we have a higher high and a higher low but it just seems to be whipping up and down.
As I type this 1:40 Am eastern time, the market is making another push up but I will not be suprised if it soon heads south again.
That is how I see it.
Camptrader
  • #3,999
  • Jun 3, 2008 3:38am Jun 3, 2008 3:38am
Quoting tehuringa
As of yesterday....I'm a new member of Jacko's second group and have been reading the blog for about three hours last night trying to digest everything.
Looking forward to putting the methods and mindset into place in my own trading and joining in on this thread.

Cheers
Hi Tehuringa,

wellcome aboard, this is the most amazing experience that I have got in my trading lifetime. I know you will enjoy it as well, learning a lot. Just want to say that.

TRADETHEPIPS
  • #4,000
  • Jun 3, 2008 3:51am Jun 3, 2008 3:51am
you guys in ? or waiting for the positive news at 5 EST / or Bernake's talk at 9am tonite?
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