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Jacko's Forex House of Pleasure and Pain

  • #4,581
  • Jul 13, 2008 3:23pm Jul 13, 2008 3:23pm
Quoting benem
If you look at the weekly chart you can see that the resistence of 1.5800 has been broken.I'm not shure but prices below that level could belong to the past.
let's see.
Perhaps we'll see a test of 5800, which might lead to a buying opportunity.

James
  • #4,582
  • Jul 13, 2008 9:39pm Jul 13, 2008 9:39pm
Quoting CateFul
Discussion on Euro - > EURUSD thread
Discussion on Jacko's method -> This thread

Pretty pretty please.
Is anyone jumping in again at 5900 area for a ride back up? My profit target was almost hit earlier today and now price has dropped 40 or so on the Fannie Mae/Freddie Mac news from Paulson. So .... anyone, anyone?
  • #4,583
  • Jul 13, 2008 9:44pm Jul 13, 2008 9:44pm
Quoting Lou
Is anyone jumping in at 5900 area for a ride up?
My buy order executed at 7 pm. However, I wouldn't be disappointed to see this pair drop back down to 1.57. I've made some great money during this ranging period.
  • #4,584
  • Jul 13, 2008 9:46pm Jul 13, 2008 9:46pm
Quoting Lou
Is anyone jumping in again...
Still in from the 3rd.
  • #4,585
  • Jul 13, 2008 10:01pm Jul 13, 2008 10:01pm
Quoting CateFul
Discussion on Euro - > EURUSD thread
Discussion on Jacko's method -> This thread

Pretty pretty please.
Hi CateFul,

I don't understand your comment.
Due to its trending nature the E/U is why Jacko's method works. Wouldn't it be important to know the nature of the E/U?

Any news, fundamentals, technicals, explanations about E/U price action will help us here to understand the E/U and how it works, better.

Notice I chose my terms carefully. I am not talking about including other out side methods.

But practically speaking, Jacko's method and the E/U are inseparable.
  • #4,586
  • Jul 13, 2008 10:09pm Jul 13, 2008 10:09pm
Quoting Fx_Genius
Still in from the 3rd.
3rd of July? very nice. 3rd of June ? mid day wow !
  • #4,587
  • Jul 14, 2008 1:50am Jul 14, 2008 1:50am
Hi

From the low 5611 on July 7 to the high 5966 on July 14, the 50% fib is at 5789, plus the support TL and the roundest number around is 5800.......I have placed my buy order [email protected] and will wait for it to come to me.

5700 and 5750 are past to me (and hopefully for the market too LOL), so I think price may not reach those numbers, but if I am wrong I will AH it.

Good trades to all


TRADETHEPIPS
  • #4,588
  • Jul 14, 2008 2:35am Jul 14, 2008 2:35am
Hi Tradethepips,

1. why do u think the 5966 is peak and the correction has started?

2. "plus the support TL and..." , where is the supp TL ?



Regards,
Toyogo
  • #4,589
  • Jul 14, 2008 2:55am Jul 14, 2008 2:55am
Quoting toyogo00
Hi Tradethepips,

1. why do u think the 5966 is peak and the correction has started?

2. "plus the support TL and..." , where is the supp TL ?



Regards,
Toyogo
Hi Toyogo,

as far as I know, NO market goes straight up indefinitely, anyway, I want to be in this market, but I am not going to jump into it. It is just the simplest reasoning that I can do. I'm just trying to leave my brains at the door, if it doesn't work then I will do another approach to charts.

This doesn't mean that I am not flexible, I could change my order above or bellow 5800.

hope this make sense

Good trades to all


TRADETHEPIPS
Attached Image (click to enlarge)
Click to Enlarge Name: july 14th 4h chart.gif Size: 20 KB
  • #4,590
  • Jul 14, 2008 3:31am Jul 14, 2008 3:31am
I am trying to recall what has been said by Jacko regarding your stop loss being hit but price not dropping 50 pips lower. For instance what is the procedure if price hits your SL and then heads back up?

My guess is, to get back in at the next 00 or 50 % fib if that was pierced.
  • #4,591
  • Jul 14, 2008 3:45am Jul 14, 2008 3:45am
Quoting Tradethepips
Hi

From the low 5611 on July 7 to the high 5966 on July 14, the 50% fib is at 5789, plus the support TL and the roundest number around is 5800.......I have placed my buy order [email protected] and will wait for it to come to me.

5700 and 5750 are past to me (and hopefully for the market too LOL), so I think price may not reach those numbers, but if I am wrong I will AH it.

Good trades to all


TRADETHEPIPS
Thats strange Tradethepips, I get a high of 5974 giving a 50% retrace bang on 5750?
  • #4,592
  • Jul 14, 2008 5:19am Jul 14, 2008 5:19am
Quoting Lou
I am trying to recall what has been said by Jacko regarding your stop loss being hit but price not dropping 50 pips lower. For instance what is the procedure if price hits your SL and then heads back up?

My guess is, to get back in at the next 00 or 50 % fib if that was pierced.
What he said was, "Take it on the chin and move on".
Take a report.
  • #4,593
  • Jul 14, 2008 6:35am Jul 14, 2008 6:35am
Quoting scyang
Where is Jacko posting his comments these days?
I am currently spending most of my time with my two groups of traders.

I now update the private group blog about 4 times a day and answer the emails from each of the group.
I try to answer all emails within 24 hours, except on weekends...(Mrs Jacko has banned me from emailing on Saturdays and Sundays...she says it encourages young traders to start a bad habit. "Weekends are for family....and shopping !!").

I also have a weekly review where I review the week and how we could have improved our performance.

As I have said previously, the mentoring of a truly fine group of committed and serious...and some spectacularly profitable..... traders is continuing to give me enormous satisfaction.


Trading is the best business in the world from a financial aspect.

Mentoring my two small groups is the best thing from an emotional aspect.

I am a very lucky man...I get to do both...


.
  • #4,594
  • Jul 14, 2008 7:45am Jul 14, 2008 7:45am
Quoting glynnt
Thats strange Tradethepips, I get a high of 5974 giving a 50% retrace bang on 5750?

mine almost, 5789, but given the current circumstances, 5750 is a very strong number, so I prefer to place my order on 5800 area
  • #4,595
  • Jul 14, 2008 8:19am Jul 14, 2008 8:19am
Quoting glynnt
Thats strange Tradethepips, I get a high of 5974 giving a 50% retrace bang on 5750?
high glynnt -- the reason for 2 traders getting different range calculations is one has their chart set on ask quotes and the other buy , most web based charts are in ask mode -- fxcm customers for instance can toggle between bid and ask
hope that helps

tag
  • #4,596
  • Jul 14, 2008 8:31am Jul 14, 2008 8:31am
Quoting Tradethepips
mine almost, 5789, but given the current circumstances, 5750 is a very strong number, so I prefer to place my order on 5800 area
hi tradethepips
bear with me as i am just getting my head around this great trading plan of jackos
if you have your order in at 5800 strong round number , knowing that 5750 is close to 50% wouldn't you be putting yourself at undue risk eg in at 5800 stop at 5750 and it has strong chance of being knocked out , sure being a strong channel the market has been in for a couple of months that loosing trade will be picked up with the reverse hedge in due course
i suppose everyone has their different approach , so everyone is right in the big scheme , it will interesting to see how the next days go -- good luck with it

i am putting order in at 5760 stop at 5710 to give market time to breathe
tag
  • #4,597
  • Jul 14, 2008 8:56am Jul 14, 2008 8:56am
Quoting jacko
I am currently spending most of my time with my two groups of traders.

I now update the private group blog about 4 times a day and answer the emails from each of the group.
I try to answer all emails within 24 hours, except on weekends...(Mrs Jacko has banned me from emailing on Saturdays and Sundays...she says it encourages young traders to start a bad habit. "Weekends are for family....and shopping !!").

I also have a weekly review where I review the week and how we could have improved our performance.

As I have said previously, the mentoring of a truly fine group of committed and serious...and some spectacularly profitable..... traders is continuing to give me enormous satisfaction.


Trading is the best business in the world from a financial aspect.

Mentoring my two small groups is the best thing from an emotional aspect.

I am a very lucky man...I get to do both...


.
Hi all,

I've just signed up as a 2nd group and should be starting within next 10 days! I've been trading for about 5 yrs and going nowhere!

YES, this is my new/serious JOB/BUSINESS and I'm going to put in all my efforts and commitments as I did in my last career as an IT Management role (which didn't give me very much satisfaction as I helped to grow the company from 10m to 500m but the boss gained all the fruits)

My advise to all of you is if you are serious about this business, don't hesitate to sign up (I signed up within a week after reading all jacko's threads) as I believe he will bring me to the success of this new business!

cann't wait anymore!http://www.forexfactory.com/images/icons/icon7.gifhttp://www.forexfactory.com/images/icons/icon7.gifhttp://www.forexfactory.com/images/icons/icon7.gif

Regards,
Toyogo
  • #4,598
  • Jul 14, 2008 9:22am Jul 14, 2008 9:22am
Quoting toyogo00
Hi all,

I've just signed up as a 2nd group and should be starting within next 10 days! I've been trading for about 5 yrs and going nowhere!

YES, this is my new/serious JOB/BUSINESS and I'm going to put in all my efforts and commitments as I did in my last career as an IT Management role (which didn't give me very much satisfaction as I helped to grow the company from 10m to 500m but the boss gained all the fruits)

My advise to all of you is if you are serious about this business, don't hesitate to sign up (I signed up within a week after reading all jacko's threads) as I believe he will bring me to the success of this new business!

cann't wait anymore!http://www.forexfactory.com/images/icons/icon7.gifhttp://www.forexfactory.com/images/icons/icon7.gifhttp://www.forexfactory.com/images/icons/icon7.gif

Regards,
Toyogo
Hi Toyogo,

Wellcome aboard man, you are going to be In the money, that's for sure. Wellcome again.


TRADETHEPIPS
  • #4,599
  • Jul 14, 2008 9:40am Jul 14, 2008 9:40am
Quoting Tradethepips
mine almost, 5789, but given the current circumstances, 5750 is a very strong number, so I prefer to place my order on 5800 area
a pullback to 1.5878 - 1.5844 zone is possible.
ICWR phenomenon (http://4xsystem.blogspot.com/2007/08/icwr-phenomenon.html)
{Promotion Removed}
  • #4,600
  • Jul 14, 2008 9:53am Jul 14, 2008 9:53am
Do you use a indicator for ICWR if you do could you please post it

Thank you

Quoting nicolebobbin
a pullback to 1.5878 - 1.5844 zone is possible.
ICWR phenomenon (http://4xsystem.blogspot.com/2007/08/icwr-phenomenon.html)
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