Trading Aussie Jacko Style | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

The ForexMick Trade Journal- Jacko style 198 replies

Trading Euro ONLY for Jacko Style traders 111 replies

theadam('s) Jacko style, Live trade journal. 5 replies

forexben's eurusd jacko style journal 7 replies

Jacko style trades (collective journal) 12 replies

Attachments: Trading Aussie Jacko Style
Exit Attachments

Trading Aussie Jacko Style

  • #161
  • Jul 9, 2008 1:59am Jul 9, 2008 1:59am
So far this month Ive got -56 +-17, total -73

Well thats what I get for being impatient. Look at this chart, which I posted a week or two ago with my two lower trendlines. This is the area I was looking for in the first place and you can see how we just bounced right off that lower trendline. So 0.9500 was a good entry, right around the 50 fib and with a trendline to support just a bit lower...anyway hindsight is a wonderful thing, and patience is even more wonderful
But for anyone trading the Jacko way, you would have waited patiently until we dropped below 0.9500 and bought on the way up. Not like me thinking Id missed the boat and jumping in 15 pips later...well, live and learn
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 20 KB
Never say never.
  • #162
  • Jul 9, 2008 8:19am Jul 9, 2008 8:19am
I agree with the 0.9500 stuff. I am long @ 0.9500. I open my position last night about 11:30 est pm. However, I use the 4hr. so the 50% fib. # is still the same. My sl is @ 0.9459.

The time is now, 9:12 est am.

For now the problem appears to be the 32.8 fib. # level or 0.9537. The sellers for now are holding this level.

I believe if price can not move above 0.9550 or even 0.9600. Then this move back up is only a pullback.

So for now my target is 0.9620/60
  • #163
  • Jul 9, 2008 9:03am Jul 9, 2008 9:03am
Quoting phloid
I agree with the 0.9500 stuff. I am long @ 0.9500. I open my position last night about 11:30 est pm. However, I use the 4hr. so the 50% fib. # is still the same. My sl is @ 0.9459.

The time is now, 9:12 est am.

For now the problem appears to be the 32.8 fib. # level or 0.9537. The sellers for now are holding this level.

I believe if price can not move above 0.9550 or even 0.9600. Then this move back up is only a pullback.

So for now my target is 0.9620/60
Great stuff, you have a perfect entry! I wish I had had the patience to wait for the right price instead of jumping in like that yesterday. Never mind though, I will persevere...I would try and hold this as long as I could if I were you, add as it goes up, maybe using IBs or something..anyway great work, Raz
Never say never.
  • #164
  • Jul 9, 2008 11:49am Jul 9, 2008 11:49am
Possible TL for AU?
Attached Image
  • #165
  • Jul 9, 2008 12:02pm Jul 9, 2008 12:02pm
I'm long at 9575. Anyone think there's still some life in this one?
  • #166
  • Jul 9, 2008 12:09pm Jul 9, 2008 12:09pm
Quoting Interceptor
I'm long at 9575. Anyone think there's still some life in this one?
im long from 9505, but im not closing my long. so i think there is room for higher, but it's different question if i would enter at this area, and that i can't answer
  • #167
  • Jul 9, 2008 12:24pm Jul 9, 2008 12:24pm
Maybe 0.9550, but after this push up I would expect a pullback at least to the 38 fib which comes in in that area...
Never say never.
  • #168
  • Jul 9, 2008 3:04pm Jul 9, 2008 3:04pm
Plan is to wait for it to bottom and buy it on the way up again. Hopefully it will drop below 0.9550 and then I can buy in at 0.9550...lets see
Never say never.
  • #169
  • Jul 9, 2008 3:06pm Jul 9, 2008 3:06pm
Quoting razldazl
Plan is to wait for it to bottom and buy it on the way up again. Hopefully it will drop below 0.9550 and then I can buy in at 0.9550...lets see
Good call, its 9550 now.
  • #170
  • Jul 9, 2008 3:10pm Jul 9, 2008 3:10pm
Quoting razldazl
Plan is to wait for it to bottom and buy it on the way up again. Hopefully it will drop below 0.9550 and then I can buy in at 0.9550...lets see
I think this pair is on it's way to parity for what its worth. However, I really am going to miss this range from .9370 to .9660 when it's gone. Even for a beginner, it's been a nice easy way to trade and make many pips.
  • #171
  • Jul 9, 2008 3:13pm Jul 9, 2008 3:13pm
Quoting aud
What about Waterflame's "3 ema cross of an 34 sma?

Part of a different method I know, however it's still a gem. Please do not think of this as trading an ma crossover, although I can see why some would and the idea may not be tolerated on Jacko's thread.

However at the moment you see posts re entering on whole numbers, asking which one. Or on a fib retracements, but again which one? What about a 50% here and there and so on. The idea is to enter after a meaningful retracement is it not. Well the above mentioned crossover happens after such an event.

So -- wait for a 3 ema / 34 sma crossover in the direction of the long term trend. This is the train you want to get aboard. When it goes passed a whole number, jump on. If fibs your thing, yep jump on as it goes past your favourite fib. (If you happen to see a "dibs" or two along the way, why not, just so long as the crossover stayed in tact.)

If anyone is interested in this I would suggest there can be 3 instances of this crossover:
1/. the 34 sma is inclined in the direction of the longr term trend.
2/. the 34 sma is relatively flat
3/. the 34 sma is inclined against the longer term trend.

Rule 1. - Only take the first two.
Rule 2. - If the crossover is caused by a wide ranging bar, wait for the response to this bar to confirm the crossover.

Where to place the stop, as per your entry plan, but then trail it on the 34 sma.

Just a thought or two, as I need to keep it simple.
Aud
can you tell me which timeframe you use with this, I am guessing 4hr...
Never say never.
  • #172
  • Jul 10, 2008 12:18am Jul 10, 2008 12:18am
Right so in at 0.9550, sl is now at 0.9561, (high of 0.9616-45=0.9561)so we have +11 locked in. Nice move!
Never say never.
  • #173
  • Jul 10, 2008 12:20am Jul 10, 2008 12:20am
Quoting razldazl
Right so in at 0.9550, sl is now at 0.9561, (high of 0.9616-45=0.9561)so we have +11 locked in. Nice move!
hey buddy, long aj and au, looking good, i dont expect too much movement tonight with aud, but i dont think we'll see .95 again, let's see.
  • #174
  • Jul 10, 2008 12:53am Jul 10, 2008 12:53am
two charts
short-term
Attached Image

long-term
Attached Image
  • #175
  • Jul 10, 2008 2:09am Jul 10, 2008 2:09am
Great, so I am going to add if we break the high convincingly...
Never say never.
  • #176
  • Jul 10, 2008 11:07am Jul 10, 2008 11:07am
Quoting razldazl
So far this month Ive got -56 +-17, total -73

Well thats what I get for being impatient. Look at this chart, which I posted a week or two ago with my two lower trendlines. This is the area I was looking for in the first place and you can see how we just bounced right off that lower trendline. So 0.9500 was a good entry, right around the 50 fib and with a trendline to support just a bit lower...anyway hindsight is a wonderful thing, and patience is even more wonderful
But for anyone trading the Jacko way, you would have waited patiently until we dropped below 0.9500 and bought on the way up. Not like me thinking Id missed the boat and jumping in 15 pips later...well, live and learn
Ok just updating progress for this month, we were -73, and this trade currently has +45 locked in, and is still running. So -28 for the month at the mo

current trade was a buy at 0.9550, market has moved up to 0.9640, so my sl is at 0.9595, = 45 pips locked in.
Never say never.
  • #177
  • Jul 10, 2008 6:43pm Jul 10, 2008 6:43pm
here is one possibility

I was callin parity since October on this in my newsletter, still think we will see it
Attached Image
Don't chase the market, Let the market come to you
  • #178
  • Jul 10, 2008 8:41pm Jul 10, 2008 8:41pm
I've decided to join in the fray here...at the moment no current trade but I'm looking at getting in on a retrace to around the 0.9550 mark.

NZDUSD is worth a look jacko style also I reckon....
  • #179
  • Jul 11, 2008 2:04am Jul 11, 2008 2:04am
Yep Tom, I would love you to be right, and I dont watch nzdusd but we could start watching that as well, maybe a separate thread though so we dont get all the numbers confused??

Update, my 45tsl at 0.9595 is still intact...
Never say never.
  • #180
  • Jul 11, 2008 5:03am Jul 11, 2008 5:03am
Sorry for not replying earlier, also I have a typo in my last post the 3 sma is on the hi lo /2 not on the close. I tend not to use the 4H because I can not set the start of the 4H bars to match what most have on FF.

http://i251.photobucket.com/albums/g...lipboard02.png
Good Trading
0 traders viewing now