Jacko's Forex House of Pleasure and Pain
it just occurred to me now that Jacko never uploaded any charts to explain his method. And still, we all understood all the parts of his strategy so easily, without the need of an explanatory chartNow this is what I call really SIMPLE FOREX TRADING STRATEGY!
Hale to you, Jacko, you are the real deal on Forex! (also thanx for the 450 pips I made this week with little stress and even less work
Also, many of the Turtles combine Jacko's method with their own ideas (or someone else's ideas) and I think you would not get on a private forum what you are looking for - a 100% Jacko method style of trading. It would be more or less just the same as it is here.
Originally Posted by jacko http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=1952437#post1952437)
I repeat :
Be VERY careful...The ECB wants the Euro below where it is !!!!!!
But I could be wwwrong !!!
Hi adzreenyp,
The above post was posted on April 15, 2008 when the market was at 1.5870.
The market rose a mere 145 pips (to its all-time high of 1.6018) some 7 days later on April 22.
It then collapsed 735 pips to 1.5283 under ECB pressure some 16 days later on May 8.
The ECB has been desperately trying to hold the Euro in check ever since, but the problems in the US economy are just sooo big, that nothing can hold back the tsunami that is engulfing the USD.
PS (Actually, the immediate withdrawal from the expensive Iraq war and the imposition of immediate interest rate hikes in the US would have positive impacts on the USD but there is absolutely no political will to achieve either of those goals. The irony is that both things WILL happen in the future, but not in the short to medium term and that will be the start of the turn around in the fortunes of both the USD and the US economy)
It ain't over yet folks. This is going to get REALLY ugly!!!
.
HOW DOES HE DO THAT ? A SUPERB TALENT AND TRADER !
Ive said it before and I will say it again, I combine Jacko with PA, PA works its an integral part of my trading. Mr. Smith, this guy obviously doesnt know what a beob is, which was exactly my point....imagine if we get fozzy people coming in and saying but sheesh you are trading against a fozzy exit, or macd people saying sheesh macd says ...there are a million reasons to take a trade, a million reasons to exit a trade a million reasons to stand aside, one has to respect all of them. It makes no sense at all to come in though, when someone is about to get into an AH trade (which as you know is automatic no matter what) and say hey fozzy says, or macd says or PA says...
I am really annoyed at people who are making this into some kind of a competition between J16ers and Jacko trend traders, they are two different things and thats that. I find it almost acceptable from people like the earlier guy who obviously has no idea that beobs are often very strong signals and very tradeable (yes a lot of people trade those btw!!!) but to have people I admire (they know who they are) constantly commenting about ¨those trend traders¨etc etc I find it childish and boring boring boring so PLEASE lets stop all this, no more laughing at other methods PLEASE...Raz
How about posting a chart?
James
I will try to look for a discount buying somewhere between .5800 and .5850. It would be great to get in there, so that I can have my stop below .5750, which I think would be a safe area.
Are there any principles involved in trading Jacko's method, and James16's method, which directly contradict each other?
And if not, would it it be too big an 'ask' to study both at once?
They both sound kind of complimentary, but that's from an 'outsider's' perspective. I'd love to hear the opinions of anybody who has sought to combine the two, and failed or succeeded.
