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Trading Aussie Jacko Style

  • #381
  • Aug 5, 2008 1:18pm Aug 5, 2008 1:18pm
Quoting SeekingLight
Well this is the thing. What WAS the reason?
This is a good opportunity to put this request forward, on my behalf as well.
Ever since reading the posts I've wondered about the details.
I'll believe in instinct up to a certain point, but you can't tell me that it's all 100% laying your hands on a currency pair and "feeling" what might be next.
If it really is - then jacko has a distinct, possibly even genetic, non-reproduceable advantage over just about anyone

Not that that's impossible; but it's not exactly the answer you get from an Occam's Razor approach vs a gigantic weekly dropoff + bear pin.

Basically I'd just like to know "why", and not out of malice or anything, but simply because it's never once been spelled out in any concrete detail in anything I've read since the 2005 posts. And it can't be any of the reasons used for the buying(in regards to which all I know about is TLs, 50% fibs and round numbers as well), as we're discussing the impending turnaround moment.

I'll happily accept anything from MACD divergence to price patterns and whatnot, but I would not exactly feel very content with "it was a feeling I always get when these things are about to happen" as that's nothing I could just compare with doing myself
I understand and agree, lets see what he has to say...
Never say never.
  • #382
  • Edited 3:21pm Aug 5, 2008 2:27pm | Edited 3:21pm
Quoting SeekingLight
Basically I'd just like to know "why", and not out of malice or anything, but simply because it's never once been spelled out in any concrete detail in anything I've read since the 2005 posts. And it can't be any of the reasons used for the buying(in regards to which all I know about is TLs, 50% fibs and round numbers as well), as we're discussing the impending turnaround moment.

I'll happily accept anything from MACD divergence to price patterns and whatnot, but I would not exactly feel very content with "it was a feeling I always get when these things are about to happen" as that's nothing I could just compare with doing myself
I see where you're coming from.

Some of the materials you look for were actually discussed with the private group.

Jacko has his setups/triggers and what not I'm sure. But he has traded 20+ years (did I get my number right?) and repeated the same old setups/triggers for a thousand times if not more. He got these down tight as a drum and they became a sub-conscious thing, a reflex.

It's like driving a car, gas, brake, left & right, you don't think about it. You just do it.

When you see a deer ahead you hit the brake. If I ask you why you hit the brake you'll simply tell me there's a deer on the road, you won't tell me because there is a deer, there is a chance for an accident, and therefore a chance of being hurt, hence the chance of being in the hospital, finally not being able to work, meaning a cut in your paycheck and eventually not being able to buy those Jimmy Choo's (why do I keep repeating Jimmy Choo's in this thread, LOL) for your lovely gf.

Now imaging you're on a california high way. There're 5 lanes. On lane 1 there is a frog, lane 2 a deer, lane 3 a boar, lane 4 a dog, nothing on lane 5. You're driving with 4 other guys/girls, each taking up one lane. You see the animals and you stop. Police comes over and asks why you stop. You say you saw a frog, another guy says he saw a deer, then another gal says she saw a boar, and the fourth person says he saw a dog, finally the last girl says she saw nothing. Then police asks her so why did you stop. And she says, because everyone else did.

See, it’s a prospective thing. Some of us make decisions based on what we see ahead of us (and we all see different things!), and some people based on what others do.

Similarly, you can see a pin bar and short, she can see a divergence and short, and Jacko can see nothing (or maybe something else?) and still short. In the end, it all comes down to YOU, the driver, if you have sharp eyesight you'll stop no matter what you see, it is YOU!




And then they all ask the police, why did you ask?
And the police goes, I just wanted to know if anyone seen my pin bar!
Take a report.
  • #383
  • Aug 5, 2008 2:35pm Aug 5, 2008 2:35pm
If you are long GBP/AUD, be careful! I've feeling it will drop 900 pips
  • #384
  • Aug 5, 2008 2:37pm Aug 5, 2008 2:37pm
hey guys,

don't want to mess the thread so decided to ask first.

Do we discuss AUD/USD using Jacko style 1:1? or we can post analysis on AUD/USD using tools that Jacko sytem is based on.



Regards,
arsa
  • #385
  • Aug 5, 2008 2:42pm Aug 5, 2008 2:42pm
Your right Cateful,

Whether that means its something we will never be able to reproduce is another question...instinct comes with experience, with time with errors, with a lot of other things. Im still expecting an answer from Jacko at some point so maybe he can shed some light. Raz
Never say never.
  • #386
  • Edited 3:07pm Aug 5, 2008 2:44pm | Edited 3:07pm
Quoting arsa
hey guys,

don't want to mess the thread so decided to ask first.

Do we discuss AUD/USD using Jacko style 1:1? or we can post analysis on AUD/USD using tools that Jacko sytem is based on.



Regards,
arsa
lets see what ya got, Raz
ps Antarctica???
Never say never.
  • #387
  • Aug 5, 2008 2:47pm Aug 5, 2008 2:47pm
In a perfect world and according to Jackos strat we are only buying aussie. But since we have absolutely no reason to buy under the present conditions, lets see what kind of analysis people are coming up with, for fun.
Never say never.
  • #388
  • Aug 5, 2008 2:56pm Aug 5, 2008 2:56pm
Quoting razldazl
In a perfect world and according to Jackos strat we are only buying aussie. But since we have absolutely no reason to buy under the present conditions, lets see what kind of analysis people are coming up with, for fun.
Long-term Aussie may still be in an up trend. But here's GBP/AUD, (opposite correlation) Monthly, and may want re-visit top of channel around 2.45. It looks like the aussie fall is just beginning. But still there may be opportunities to buy aussie, (like right now, IMO) but it may be counter trend.
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  • #389
  • Aug 5, 2008 3:30pm Aug 5, 2008 3:30pm
Quoting razldazl
lets see what kind of analysis people are coming up with, for fun.
You got it. Target 9150, right on the chin and will finish the right ear formation. After that it's another rally north to finish what I call the conjoined twins formation.

Be careful, the right twin is usually more powerful than the left and they sometimes share the same ear!
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Take a report.
  • #390
  • Edited 3:48pm Aug 5, 2008 3:38pm | Edited 3:48pm
As everyone else, i have an opinion as well

I see some more support around 9000-9030.

Firstly there are 2 retracements which match at that level, that makes support even stronger. In the chart you can see 2 red lines, these are symmetry lines and they both are around the same length( of course, second is projected) and that leads to the same price support level.

And we have very round number 9000 which works as very strong support.

Note that the price range for support may vary, because forex is big chaos But it's chaos just in the beginning, yeah guys?

I hope you found something useful here.

Regards,

arsa

P.S. i made it! this was my first post in forexfactory
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  • #391
  • Aug 5, 2008 3:42pm Aug 5, 2008 3:42pm
Quoting arsa
As everyone else, i have an opinion as well

I see some more support around 9000-9030.

Firstly there are 2 retracements which match at that level, that makes support even stronger. In the chart you can see 2 red lines, these are Price Objectives/Projections and they both are around the same length and that leads to the same price support level.

And we have very round number which works as very strong support.

Note that the price range for support may vary, because forex is big chaos But it's chaos just in the beginning, yeah guys?

I hope you found something useful here.

Regards,

arsa

P.S. i made it! this was my first post in forexfactory
Well argued, stops are typically layered within a quarter cent of a round number. Depending on the orderflow price can spike up or down if a big order is being worked through the pipe.
You have a solid argument, keep it coming!
Take a report.
  • #392
  • Aug 5, 2008 4:05pm Aug 5, 2008 4:05pm
0.9150 is the 100 FE of the last drop 0.9470-0.9285-0.9300...who knows, maybe we pull back from here...
Never say never.
  • #393
  • Aug 5, 2008 4:10pm Aug 5, 2008 4:10pm
Quoting arsa
As everyone else, i have an opinion as well

I see some more support around 9000-9030.

Firstly there are 2 retracements which match at that level, that makes support even stronger. In the chart you can see 2 red lines, these are symmetry lines and they both are around the same length( of course, second is projected) and that leads to the same price support level.

And we have very round number 9000 which works as very strong support.

Note that the price range for support may vary, because forex is big chaos But it's chaos just in the beginning, yeah guys?

I hope you found something useful here.

Regards,

arsa

P.S. i made it! this was my first post in forexfactory
VEry impressive 1st post, Im sure my first post was something like duh whats s/r...good work! Raz
Never say never.
  • #394
  • Aug 5, 2008 9:55pm Aug 5, 2008 9:55pm
Quoting razldazl
0.9150 is the 100 FE of the last drop 0.9470-0.9285-0.9300...who knows, maybe we pull back from here...
The only way it will go up from here is if data comes out to show the Australian economy is growing again and talk of rising interest rates starts. The economy has come to a full stop and it's all talk about when interest rates will be cut and by how much and how much damage has been done to the economy.

Also carbon credits are coming which will cause and adjustment to consumer spending just like the introduction of the GST did and any inflationary effects of it will be ignored by the RBA and they will also work to keep rates a little lower to help the economy through the adjustment period. back in 2001 when this happened the AUD was at .50.
  • #395
  • Aug 6, 2008 9:32pm Aug 6, 2008 9:32pm
Looked like there is a support coming from the daily chart.

A break of this would send the majors much lower.

This is a high RR trade.

Co-relating commodities with currencies. Draw the LRC on the major currencies and see if the 1hr channels have any breakout at 0600 GMT for a dollar retrace that is.

Close on daily below trendline would void this idea.
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Still waters run deep
  • #396
  • Aug 8, 2008 5:12am Aug 8, 2008 5:12am
Raz we are almost there

might get my sub 100 oil before election too

I miss my room, might have to start it again
Don't chase the market, Let the market come to you
  • #397
  • Aug 8, 2008 5:18am Aug 8, 2008 5:18am
Quoting Tmac
Raz we are almost there

might get my sub 100 oil before election too

I miss my room, might have to start it again

WOW, I was sick last night and totally didn't monitor my account. Woke up and found 200+ pip profit...hoo boy!

I guess this means we might get a dead cat bounce and then head lower?
  • #398
  • Aug 8, 2008 5:35am Aug 8, 2008 5:35am
Quoting Tmac
Raz we are almost there

might get my sub 100 oil before election too

I miss my room, might have to start it again
Tom people are begging to see your E waves, give them something to wet their appetite will you? Aussie and eur come on....
Never say never.
  • #399
  • Aug 8, 2008 5:37am Aug 8, 2008 5:37am
Quoting seesaw
WOW, I was sick last night and totally didn't monitor my account. Woke up and found 200+ pip profit...hoo boy!

I guess this means we might get a dead cat bounce and then head lower?
WEll done
Never say never.
  • #400
  • Aug 8, 2008 5:43am Aug 8, 2008 5:43am
Quoting seesaw
WOW, I was sick last night and totally didn't monitor my account. Woke up and found 200+ pip profit...hoo boy!

I guess this means we might get a dead cat bounce and then head lower?
Are you still letting your short run? Looks like it hasn't found the bottom yet.
Expected the unexpected
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