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Jacko's Forex House of Pleasure and Pain

  • #4,501
  • Jul 11, 2008 9:20am Jul 11, 2008 9:20am
Quoting razldazl
SHEESH would I like those people (who act like we are a bunch of imbeciles with sheep-like mentality) to come back and say oops maybe I shouldnt go shooting off my mouth like that. Nothing is certain in these markets no matter how obvious it may be to you, or anyone else. Plan your trade and trade your plan folks, nothing else matters...have a great weekend! Raz
Very true Raz.

Trading is all about probabilities. NOTHING is certain no matter how obvious you think it is. No one can tell the future. You can give a million reasons about why "you" believe the market is headed down but by the end of the day, it's the market that decides not you.

The market is ALWAYS right. Learn to respect it because if you don't, it will eat you up alive.
  • #4,502
  • Jul 11, 2008 9:25am Jul 11, 2008 9:25am
The bottom line: don't try to predict the movement. Trade what you see.
The market reveals who we really are...
  • #4,503
  • Jul 11, 2008 10:25am Jul 11, 2008 10:25am
Quoting raczekfx
Don’t waste your time my friend… This is exactly why I pulled my charts from here. Some people need to learn the hard way what will happen to their accounts during ranging periods and when they buy against obvious reversal signs. We need such traders..., they are very beneficial to our accounts..
If your trading off monthly charts, you're expected to close your trades on monthly as well. Will you keep them that long....?
This recent euro run shows again that simply buying on dips in an uptrend is much more PROFITABLE than any PBs and DBLHC and BEOB in the world.

Jacko Method - J16 Method 1 - 0
We leave no soldier behind.
  • #4,504
  • Jul 11, 2008 10:37am Jul 11, 2008 10:37am
Just attempting to be a good samaritan here... since I am not the moderator of this thread.

Three things I hope we would all like to encourage on this thread:

1. Trading without emotion is a goal worthy of attaining.

2. Stating/showing your reasoning for whether PA will go up/down/sideways will help us all learn.

3. Comments should support a learning atmosphere where it is ok to make mistakes, since we learn from others, but learn best from our own.

Lou
  • #4,505
  • Jul 11, 2008 10:48am Jul 11, 2008 10:48am
Quoting Lou
1. Trading without emotion is a goal worthy of attaining.
You mean like earlier today... put an order in, it got hit on news, friend came round, we chatted for 3 hours, while I kept one eye on the chart. Now that's what I call working.
The market reveals who we really are...
  • #4,506
  • Jul 11, 2008 12:12pm Jul 11, 2008 12:12pm
Quoting razldazl
SHEESH would I like those people (who act like we are a bunch of imbeciles with sheep-like mentality) to come back and say oops maybe I shouldnt go shooting off my mouth like that. Nothing is certain in these markets no matter how obvious it may be to you, or anyone else. Plan your trade and trade your plan folks, nothing else matters...have a great weekend! Raz
  • #4,507
  • Jul 11, 2008 12:19pm Jul 11, 2008 12:19pm
If there's anyone out there still, congrats on the pips this week!

I am leaving for ten days on Sunday. If I had to wager, I would go long.

Now, I am using Oanda and can't place a trailing stop.

Do you guys care to make comment on what kind of SL, TP or even limit order placements you think have a good chance over the next 2 weeks?

Cheers to everyone having a nice weekend!

Prosperous
  • #4,508
  • Jul 11, 2008 12:25pm Jul 11, 2008 12:25pm
Quoting prosperous
If there's anyone out there still, congrats on the pips this week!

I am leaving for ten days on Sunday. If I had to wager, I would go long.

Now, I am using Oanda and can't place a trailing stop.

Do you guys care to make comment on what kind of SL, TP or even limit order placements you think have a good chance over the next 2 weeks?

Cheers to everyone having a nice weekend!

Prosperous

You have asked THE question, for those of us on Oanda. I just talked with them 15 minutes ago. "Still in the works"...

I am looking into their compatability with a PDA .

I wish I knew the answer to your question. Take a look at a weekly chart and see what you think.
  • #4,509
  • Jul 11, 2008 12:41pm Jul 11, 2008 12:41pm
Yeah, I asked them about it too. THey mentioned there may be a way to "program one." Not sure what they were talking about though.

Thanks for the tip....
  • #4,510
  • Jul 11, 2008 12:47pm Jul 11, 2008 12:47pm
Attached Image (click to enlarge)
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What goes up....
"In Fibs I Trust"
  • #4,511
  • Jul 11, 2008 12:54pm Jul 11, 2008 12:54pm
Quoting prosperous
Yeah, I asked them about it too. THey mentioned there may be a way to "program one." Not sure what they were talking about though.

Thanks for the tip....

I ask them about 3 times a week.
  • #4,512
  • Jul 11, 2008 1:04pm Jul 11, 2008 1:04pm
Quoting xPiP
Attachment

What goes up....
Everytime some one starts the what goes up... I always think of the Voyager Spacecraft.



James
  • #4,513
  • Jul 11, 2008 1:06pm Jul 11, 2008 1:06pm
Well today was a good day.

I was not in any new trades to catch the movement, but I was in 2 AH trades.

I did not follow the rules exactly, partially because it is a Friday, and partially because I simply wanted my pips back, but I exited each at +100 for a total of ZERO!! Gotta love the AH.

James
  • #4,514
  • Jul 11, 2008 5:11pm Jul 11, 2008 5:11pm
Well done to all who had successful trades this week....good result 260+ pips with a bit of help from Fran & Fred
  • #4,515
  • Jul 11, 2008 5:21pm Jul 11, 2008 5:21pm
On the house. Its a deserving week of pips.
Attached Image (click to enlarge)
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Still waters run deep
  • #4,516
  • Jul 11, 2008 5:46pm Jul 11, 2008 5:46pm
Quoting barak
On the house. Its a deserving week of pips.
What ! ? No Cheeze Wiz ? !!! or Twinkies?
  • #4,517
  • Jul 11, 2008 5:56pm Jul 11, 2008 5:56pm
Quoting tehuringa
Well done to all who had successful trades this week....good result 260+ pips with a bit of help from Fran & Fred
Hear! Hear!
  • #4,518
  • Jul 11, 2008 6:08pm Jul 11, 2008 6:08pm
Quoting Lou
What ! ? No Cheeze Wiz ? !!! or Twinkies?
Kinda ran out of space on the delivery cart.
Attached Image
Still waters run deep
  • #4,519
  • Jul 11, 2008 8:22pm Jul 11, 2008 8:22pm
So thats what heaven looks like!! I so want to live there
  • #4,520
  • Jul 11, 2008 9:18pm Jul 11, 2008 9:18pm
J16 PA and Jacko style trading COMPLEMENT each other.... Sure there'll always be an AH if things go wrong, but looking for bullish CONFLUENCE can be a great way to add to positions. After all, J16 is all about confluence such as PA on key fibs and support/resistance
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