Jacko's Forex House of Pleasure and Pain | Page 203 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #4,041
  • Jun 6, 2008 7:34am Jun 6, 2008 7:34am
Quoting zoopy
No since I'm busy testing something else but there was daily support there (1.5400). Here's the line chart showing support.
Zoopy - is that a price only chart you are using?

Thanks
every Saint has a past. Every Sinner has a Future
  • #4,042
  • Jun 6, 2008 7:36am Jun 6, 2008 7:36am
Quoting turnip15
Zoopy - is that a price only chart you are using?

Thanks
Hi Turnip

It's a line chart and I believe it's based on the closing price.
  • #4,043
  • Jun 6, 2008 11:45am Jun 6, 2008 11:45am
June 5 :Long 1.5400 TSL 100 still open
SL 1.5650 n guarantee of 250 pips ... and fortunetely it is a demo
Attached Image
  • #4,044
  • Jun 6, 2008 5:54pm Jun 6, 2008 5:54pm
Hmmm...probably beginners luck but in my first week as a Jacko Turtle I managed to be up +455 pips.

Took my first trade on the 2nd on a dip below the 1.5500 mark and ended up getting in at 1.5486. Closed that out for +88 pips just before Bernanke's jawboning was due to take place.

Second trade was on the 5th. I was hanging around for a discounted price below 1.5400 but it started moving up so I jumped onboard at 1.5409....trade is currently still playing out at +367 pips.

Would have liked to add to my position on the way up on the last trade but I put it on and had to go out...only came back to briefly look at it about 30 mins before the NFP.

Quite happy with those results for the first week
  • #4,045
  • Jun 7, 2008 4:54am Jun 7, 2008 4:54am
Keep it up!
Sharp I didnt understand clearly whether you meant unfortunately it was a demo or fortunately it wasnt a demo...either way youve got the right idea, but especially nice if there was money in it for you! Take care, Raz
Never say never.
  • #4,046
  • Jun 7, 2008 3:00pm Jun 7, 2008 3:00pm
Quoting leis
Stopped out at 1.5560 will set an AH. Looking at the daily bars currently similar to around the 24th/25th April and heading south? Any thoughts? So if over a couple of days gets below 1.5510ish then bottoming out around 1.5400? Maybe that is the area I will go for a pending buy and pick my fallen soldier up next week on the way back up through..........
Mission accomplished
  • #4,047
  • Jun 7, 2008 8:15pm Jun 7, 2008 8:15pm
Hi all, love the thread and Jacko's method,i know the EU has been a bit choppy lately, anyone think it's going to resume it's normal uptrend.
Here's a chart of the Daily, i hope i drew the fibs correct. Please correct me if i'm wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: eud1.gif Size: 23 KB
  • #4,048
  • Edited 11:57pm Jun 8, 2008 11:09pm | Edited 11:57pm
I just want to share my feelings, as you can see, I am out of this very good trade. I am feeling bad for that, but, another trade is around the corner waiting for me. Very glad for you people whom are in and making some good money. I was here when it was at 5530 going up but I did hesitate a lot to get in........ggggrrrrrrrrrrrr 250 pips later I feel very bad, plus I don't have a cat to kick!! Just my girlfriend and I seriously doubt that she let me do that!!!



Congratulations.....gnash gnash!!!!!!!!!!!

Good trades to all


Now looking for a good entry, maybe this fall 80-100 pips to pick up some SL before tha next upswing and probably I enter there, but as a friend of us say....I COULD BE WWWWWRONG!
A buy limit order at 5700 with 50 TSL

TRADETHEPIPS
  • #4,049
  • Jun 9, 2008 12:24am Jun 9, 2008 12:24am
Tradethepips; I can assure you I feel worse than you, I got in on the 4th @ 1.5425 but out smarted myself with a 50pip TSL and promptly got stopped out.The low was 1.5363, if I had run with the 100pip TSL as per Jacko's rules I would have locked in about 300pips per contract now! Why do we have to learn the hard way?
  • #4,050
  • Jun 9, 2008 1:01am Jun 9, 2008 1:01am
Quoting edge540
Tradethepips; I can assure you I feel worse than you, I got in on the 4th @ 1.5425 but out smarted myself with a 50pip TSL and promptly got stopped out.The low was 1.5363, if I had run with the 100pip TSL as per Jacko's rules I would have locked in about 300pips per contract now! Why do we have to learn the hard way?
Yes man, a friend of mine says that we do not learn thru the conscience but we do learn thru the pain!!! That is on our own skin... Wise!

Said that, my 50 TSL is too short, I'm changing it right now to 100 pips TSL thank you for remind me this

TRADETHEPIPS
  • #4,051
  • Jun 9, 2008 6:54am Jun 9, 2008 6:54am
I've got an order in at 15600.
OK support and 50% fib from recent move up. Time to sit and wait now.
  • #4,052
  • Jun 9, 2008 8:18am Jun 9, 2008 8:18am
Quoting Hired Goon
I've got an order in at 15600.
OK support and 50% fib from recent move up. Time to sit and wait now.
I am a fan of that level as well.
  • #4,053
  • Jun 9, 2008 8:44am Jun 9, 2008 8:44am
I've got an order in for 1.5550. The reason being, I've noticed the recent re-tracements being very deep. some of them closer to 80% rather than 50%. Could this be because of the recent high volatility?
Jacko Turtle - 2nd Group
  • #4,054
  • Jun 9, 2008 9:24am Jun 9, 2008 9:24am
Quoting Hired Goon
I've got an order in at 15600.
OK support and 50% fib from recent move up. Time to sit and wait now.

Me too!!

But, I think the EU will range a bit until Mister "B" speech tonight....
Will see...

I'm very happy to be here with all you people and with Jacko.
I'm growing in patience and profitability.

Good day to all.
  • #4,055
  • Jun 9, 2008 9:59am Jun 9, 2008 9:59am
Quoting Hired Goon
I've got an order in at 15600.
OK support and 50% fib from recent move up. Time to sit and wait now.
Me too .... I got a long order pending at 1.5600
Hope it will work out great ...
  • #4,056
  • Jun 9, 2008 3:21pm Jun 9, 2008 3:21pm
Order in at 5400, I'm not quite sure if this will get hit, it might be an interesting week in forex
  • #4,057
  • Jun 9, 2008 3:26pm Jun 9, 2008 3:26pm
you guys got a good point about 5600 and the 50% fib area, in the event that things go southward below 5500 you will get stopped. Yet you do have the AH to get you out.

I guess I'm just trying to get a deep wholesale discount, probably won't get hit and I'll have to buy sooner.

Just trying to trade the jacko method
  • #4,058
  • Jun 9, 2008 5:01pm Jun 9, 2008 5:01pm
G'day folks...

My trade was taken out by the TS while I slept for +333 pips.

Like a few of you I'm possibly looking to get in around the 1.5600 level around the 50% Fib....see what plays out today.
  • #4,059
  • Jun 9, 2008 5:24pm Jun 9, 2008 5:24pm
Quoting Vips
I've got an order in for 1.5550. The reason being, I've noticed the recent re-tracements being very deep. some of them closer to 80% rather than 50%. Could this be because of the recent high volatility?

Vips,

The market is being moved from high to low & low to high by participants awaiting the next relevant financial announcement.

Keep tuned into the forthcoming announcements by checking the daily announcments page on FF, pay special attention to any colored red or amber. Don't enter a new trade 2 hours before an announcement or earlier than 30mins after an announcement, then look to enter on a retracement in the direction of the breakout.

Take care, the US dollar can't go on losing value for ever.

Regards,

BabeFX.
  • #4,060
  • Jun 9, 2008 7:36pm Jun 9, 2008 7:36pm
i send u a pm man
trade well.
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