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Jacko's Forex House of Pleasure and Pain

  • #4,961
  • Aug 10, 2008 8:33am Aug 10, 2008 8:33am
Quoting good
Anti-hedging strategy is a big joke. I challenge jacko or anyone to prove that it serves any useful purpose. I will prove that it is a funny joke.
Hi Good,
I started a thread using Jackos strat on aussie a few months ago...the results are posted there, and I detail my trades using the AH. AH works well, it recuperates losses once the trend is reinstated. This is the link http://www.forexfactory.com/showthread.php?t=89245, if you follow you can see where I used the AH and how I recuped my losses using it. You can also see that the entries I used are based on my analysis, which means not everyone would have the same results. I am sending you here because you can see I posted those trades live, I didnt make them up as Im sure a few will be able to corroborate, I posted most of my trades as I was taking them, and AHs as they were triggered. Anyway it was really just an experiment and it was meant to help those who dont understand how Jackos strat works, so take it or leave it but...So far on aussie I am up almost 300 pips in the last two months. Not bad for something that doesnt work eh Good? take care, Raz
Never say never.
  • #4,962
  • Aug 10, 2008 8:47am Aug 10, 2008 8:47am
Quoting razldazl
Hi Good,
I started a thread using Jackos strat on aussie a few months ago...the results are posted there, and I detail my trades using the AH. AH works well, it recuperates losses once the trend is reinstated. This is the link http://www.forexfactory.com/showthread.php?t=89245, if you follow you can see where I used the AH and how I recuped my losses using it. You can also see that the entries I used are based on my analysis, which means not everyone would have the same results. I am sending you here because you can see I posted those trades live, I didnt make them up as Im sure a few will be able to corroborate, I posted most of my trades as I was taking them, and AHs as they were triggered. Anyway it was really just an experiment and it was meant to help those who dont understand how Jackos strat works, so take it or leave it but...So far on aussie I am up almost 300 pips in the last two months. Not bad for something that doesnt work eh Good? take care, Raz
Really well said, Raz! Why is it that people who have never been seen here suddenly come out of the woodwork and bash something they really haven't investigated properly?

If you don't like or believe in it? No problem - move on or look elsewhere! Jacko is not looking to convince anyone or fight a duel. He is quite happy with his trading and was only showing how he became successful at it due to the deluge of requests from numerous people, including myself. I am quite happy with that mentoring. There is a whole lot more involved than just profits (important as they are) and you get the whole package, including the profits, with Jacko.
Did the naysayers bother to read through both his threads? And the title does say it all Those who believe in instant profits and no losses are living in fantasy land.

Take care all,

mac18

PS: Go Jacko!!!!
  • #4,963
  • Aug 10, 2008 9:55am Aug 10, 2008 9:55am
Successful people have little interest in wasting their valuable time on non productive venues.
It is simply not worth expending the time or effort when there are more productive, positive things to be doing.
  • #4,964
  • Aug 10, 2008 10:05am Aug 10, 2008 10:05am
Quoting mac18
Why is it that people who have never been seen here suddenly come out of the woodwork and bash something they really haven't investigated properly?
Because the competitive nature of the business. Some people just love to see others take a loss because they have been losing before that.
Take a report.
  • #4,965
  • Aug 10, 2008 10:52am Aug 10, 2008 10:52am
You have not taken into account all of his AH trades, and he does not always post the exact number of pips he's made on every single trade.
According to his blog he is up 840 pips at the end of July.

Quoting aerio
What a blahblahblah...

Attached is a file with profit/loss for each official trade he has taken in 2008 (i can prove if needed). As everybody can see - nothing spectacular. Why confuse rookie traders here as though this method ensures unseen riches?

I understand that you want to believe in this method but sometimes it's better to face reality.

Done here...
  • #4,966
  • Aug 10, 2008 12:46pm Aug 10, 2008 12:46pm
Quoting good
Anti-hedging strategy is a big joke. I challenge jacko or anyone to prove that it serves any useful purpose. I will prove that it is a funny joke.
nobody asked you to prove anything to us. I think you guys just popping here outta nowhere and trying to scare the turtles are just some sad frustrated people looking for some virtual recognition. You will eventually be ignored / forgotten.
We leave no soldier behind.
  • #4,967
  • Aug 10, 2008 12:53pm Aug 10, 2008 12:53pm
When you initiate the AH trade, you could simply close the original trade, it is the same thing. You are only fooling yourself with this anti-hedging thing. Now I don't question jacko's core trading abilities nor his results that he post, but this anti-hedging thing is a load of farce.
When trade against you beyond the stop loss, you open an opposite trade as a hedge. Then when it comes back you close the hedge and leave the original trade as it was. Now instead of doing that you could simply let the trade hit your stop loss and when it comes back you could reopen it. Calculate and tell me what difference does it makes to the profits. I tell you the answer right now, none. Stop fooling yourself with this AH strategy.
  • #4,968
  • Aug 10, 2008 12:53pm Aug 10, 2008 12:53pm
Quoting gagiul
nobody asked you to prove anything to us. I think you guys just popping here outta nowhere and trying to scare the turtles are just some sad frustrated people looking for some virtual recognition. You will eventually be ignored / forgotten.
You hurt my feelings.
  • #4,969
  • Aug 10, 2008 1:03pm Aug 10, 2008 1:03pm
You are on here trying to bad mouth the AH strategy and don't even understand what it is. Its not a hedge in the opposite direction. It is what you are saying would be smart to do. You let the trade hit your stop loss. When it goes a certain amount past that stop loss you enter a buy stop at the price your stop loss was hit and let it get picked back up on the way back up. If you are going to try to disprove a strategy at least read the thread and know what you are trying to disprove.




Quoting good
When you initiate the AH trade, you could simply close the original trade, it is the same thing. You are only fooling yourself with this anti-hedging thing. Now I don't question jacko's core trading abilities nor his results that he post, but this anti-hedging thing is a load of farce.
When trade against you beyond the stop loss, you open an opposite trade as a hedge. Then when it comes back you close the hedge and leave the original trade as it was. Now instead of doing that you could simply let the trade hit your stop loss and when it comes back you could reopen it. Calculate and tell me what difference does it makes to the profits. I tell you the answer right now, none. Stop fooling yourself with this AH strategy.
  • #4,970
  • Aug 10, 2008 1:12pm Aug 10, 2008 1:12pm
Quoting darewood
You are on here trying to bad mouth the AH strategy and don't even understand what it is. Its not a hedge in the opposite direction. It is what you are saying would be smart to do. You let the trade hit your stop loss. When it goes a certain amount past that stop loss you enter a buy stop at the price your stop loss was hit and let it get picked back up on the way back up. If you are going to try to disprove a strategy at least read the thread and know what you are trying to disprove.
If that is really the case, then I fucked up big time. My apologies to jacko and the turtles. I am sure I read somewhere that you open it in the other direction. Dang!
  • #4,971
  • Aug 10, 2008 2:05pm Aug 10, 2008 2:05pm
Quoting good
If that is really the case, then I fucked up big time. My apologies to jacko and the turtles. I am sure I read somewhere that you open it in the other direction. Dang!
No wonder Jacko never answers anyone...at times like this I ask myself what I am doing even reading these threads, let alone posting and wasting my time...this is a recurrent complaint amongst much more valuable members than myself, such a shame.
Never say never.
  • #4,972
  • Aug 10, 2008 2:18pm Aug 10, 2008 2:18pm
Quoting razldazl
No wonder Jacko never answers anyone...at times like this I ask myself what I am doing even reading these threads, let alone posting and wasting my time...this is a recurrent complaint amongst much more valuable members than myself, such a shame.
once i read @ ff that here, are some "hidden golden eggs" ... product of the experience of successful traders.

maybe that is the goal of this kind of forums razldazl... if one is a profitable trader, maybe leave some "golden eggs" here and there... hoping somebody sees them...

and if we are not profitable yet... our goal is to cherry-pick that heavy-weighted but tiny golden eggs...

is so sad... how somebody wanting to help others... just receive BS from others...

i dont trade jacko style cause time ago i stopped being long term trader... but sharing all this is truely valuable...

AND THAT IS MUCH MORE OF WHAT SOME "TROLLS" IN THIS FORUM have done!

thumbs up for those here who are to share and learn...

and...

fu%$#" the ones against the sharers and learners.

iiivb

ps: excuse me for my saxon english... hehe
  • #4,973
  • Aug 10, 2008 2:23pm Aug 10, 2008 2:23pm
Quoting razldazl
No wonder Jacko never answers anyone...at times like this I ask myself what I am doing even reading these threads, let alone posting and wasting my time...this is a recurrent complaint amongst much more valuable members than myself, such a shame.
Ditto
Hej.
  • #4,974
  • Aug 10, 2008 3:22pm Aug 10, 2008 3:22pm
Holy shit people, atleast read the first page of a thread before you start criticizing it..
  • #4,975
  • Aug 10, 2008 3:27pm Aug 10, 2008 3:27pm
Quoting good
If that is really the case, then I fucked up big time. My apologies to jacko and the turtles. I am sure I read somewhere that you open it in the other direction. Dang!
Apologies NOT Accepted!
We leave no soldier behind.
  • #4,976
  • Aug 10, 2008 4:38pm Aug 10, 2008 4:38pm
who long
who short
who flat
I need to make a trade It going to go up or down 500 pips
and I need them (bills to pay) can sit on my hands
at 1.4938 with a new war on no support on the daily
next support 1.48 then 1.45
who would agree with shorting this
  • #4,977
  • Aug 10, 2008 4:44pm Aug 10, 2008 4:44pm
Quoting doberman
who long
who short
who flat
I need to make a trade It going to go up or down 500 pips
and I need them (bills to pay) can sit on my hands
at 1.4938 with a new war on no support on the daily
next support 1.48 then 1.45
who would agree with shorting this

I'ma gonna sit on my hands, I don't know where this ride is going so I'm just goning to hold out and let the market come to me as Jacko would say.....

No one ever blew an account staying out of the market....
  • #4,978
  • Aug 10, 2008 4:44pm Aug 10, 2008 4:44pm
Quoting doberman
who long
who short
who flat
I need to make a trade It going to go up or down 500 pips
and I need them (bills to pay) can sit on my hands
at 1.4938 with a new war on no support on the daily
next support 1.48 then 1.45
who would agree with shorting this
with all due respect sir,

if u r in this dilemma... then forex is not for you.
  • #4,979
  • Aug 10, 2008 4:51pm Aug 10, 2008 4:51pm
Quoting doberman
who long
who short
who flat
I need to make a trade It going to go up or down 500 pips
and I need them (bills to pay) can sit on my hands
at 1.4938 with a new war on no support on the daily
next support 1.48 then 1.45
who would agree with shorting this
lol, another troll. I think you are in the wrong place, my friend.
We leave no soldier behind.
  • #4,980
  • Aug 10, 2008 5:04pm Aug 10, 2008 5:04pm
Quoting good
When you initiate the AH trade, you could simply close the original trade, it is the same thing. You are only fooling yourself with this anti-hedging thing. Now I don't question jacko's core trading abilities nor his results that he post, but this anti-hedging thing is a load of farce.
When trade against you beyond the stop loss, you open an opposite trade as a hedge. Then when it comes back you close the hedge and leave the original trade as it was. Now instead of doing that you could simply let the trade hit your stop loss and when it comes back you could reopen it. Calculate and tell me what difference does it makes to the profits. I tell you the answer right now, none. Stop fooling yourself with this AH strategy.
That was incredible.

A massively ignorant post (Anti-hedging strategy is a big joke) puffed out by someone who is absolutely clueless about the strategy. Probably one of the biggest mulligan posts I have every seen on this thread.

I am happy to be in the first group that Jacko started and have access to his blog. I would be surprised if he ever posts in this thread again. Who can blame him with this type of tripe cluttering the thread.
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