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Jacko's Forex House of Pleasure and Pain

  • #4,981
  • Aug 10, 2008 5:17pm Aug 10, 2008 5:17pm
Did I read that jacko went short in the last few weeks.
I take on borad what you guys wright but if
the charts starts on the top left to the bottom right
from the daily to the hourly and the kids(always a sleeping when you need them) in bed it looks
like it on the down, trade the trend
Yous have now be waiting over 20 working days or 1000 pips
and big losses on the 1.53 call 350 pips ago.
I will join you and sit on my hands.
  • #4,982
  • Aug 10, 2008 5:18pm Aug 10, 2008 5:18pm
To balance things out, the anti-hedge is, as I have written before, a stroke of genius. I apply it in another strategy I use.
The market reveals who we really are...
  • #4,983
  • Aug 10, 2008 5:19pm Aug 10, 2008 5:19pm
Quoting doberman
Did I read that jacko went short in the last few weeks.
I take on borad what you guys wright but if
the charts starts on the top left to the bottom right
from the daily to the hourly and the kids(always a sleeping when you need them) in bed it looks
like it on the down, trade the trend
Yous have now be waiting over 20 working days or 1000 pips
and big losses on the 1.53 call 350 pips ago.
I will join you and sit on my hands.
Hi doberman,

Re-read the first 10 posts by Jacko. It's still an uptrend on D1.
The market reveals who we really are...
  • #4,984
  • Aug 10, 2008 5:39pm Aug 10, 2008 5:39pm
Quoting shadowninja
Hi doberman,

Re-read the first 10 posts by Jacko. It's still an uptrend on D1.
There is one key to remember....on the first page Jacko talks about the major trend and zooming out your chart BUT he also says:
DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE (and note where the chart starts top or bottom)

If I trade 4 hour chart...it is going south and I can still say I took advice from this thread (fib and tl) if I short simply because my time frame is south. There are quite a few from both groups that have taken shorts and could simply be that their time frame is also yelling short. It doesnt invalidate the advice from the first page.
  • #4,985
  • Aug 10, 2008 6:52pm Aug 10, 2008 6:52pm
Jacko's Turtles or sheep (excuse the humour/irony),

Another good positon to lose or gain money depending on your bias.

Kind regards,

BabeFX.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddly.gif Size: 52 KB
  • #4,986
  • Aug 10, 2008 6:54pm Aug 10, 2008 6:54pm
Quoting ownshook
There is one key to remember....on the first page Jacko talks about the major trend and zooming out your chart BUT he also says:
DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE (and note where the chart starts top or bottom)

If I trade 4 hour chart...it is going south and I can still say I took advice from this thread (fib and tl) if I short simply because my time frame is south. There are quite a few from both groups that have taken shorts and could simply be that their time frame is also yelling short. It doesnt invalidate the advice from the first page.
True; I was trying to explain why Jacko may not have taken any short positions.
The market reveals who we really are...
  • #4,987
  • Aug 10, 2008 7:07pm Aug 10, 2008 7:07pm
Quoting BabeFX
Jacko's Turtles or sheep (excuse the humour/irony),

Another good positon to lose or gain money depending on your bias.

Kind regards,

BabeFX.
Humor excused....seems a day like Friday brings out all the trolls.

Very astute reasoning on your chart...not a real good place to long though considering the gap opened up under your level...on my platform at least.
  • #4,988
  • Aug 10, 2008 7:28pm Aug 10, 2008 7:28pm
As my old english teacher used to say bless him , one only swears because they cannot express themselves clearly.He must have had GOOD in mind when he coined that expression.

Gerard
  • #4,989
  • Aug 11, 2008 1:03am Aug 11, 2008 1:03am
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.
LMAO!!! I can't believe the ignorance...
  • #4,990
  • Aug 11, 2008 1:20am Aug 11, 2008 1:20am
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

Here ya go, now all you need to do is understand what the charts below are telling you...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurx w1 8-10-2008.gif Size: 18 KB
Click to Enlarge Name: usdx w1 8-10-2008.gif Size: 21 KB
  • #4,991
  • Aug 11, 2008 4:46am Aug 11, 2008 4:46am
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.
yes, agree, thus i hardly read any threads anymore, and yes, if I was Jacko, I wouldn't bother replying, and I personally couldn't be bothered to share anything these days as there's too many closed mind a--holes on the forum, it's just a waste of time, let them lose big time and look for someone else to blame on, while they will never find out why they're wrong, let them be
  • #4,992
  • Edited 6:37am Aug 11, 2008 6:20am | Edited 6:37am
Quoting tehuringa
Humor excused....seems a day like Friday brings out all the trolls.

Very astute reasoning on your chart...not a real good place to long though considering the gap opened up under your level...on my platform at least.

I am still Nursing a free trade at the moment, no 100 pip stop loss. My stop is now at entry.

Market is still looking towards a $ bias I feel, next stop for the Euro ?

Closed out manually with very small profit, awaiting confirmation of new direction B4 entering new trade.


Regards,

BabeFX.
  • #4,993
  • Aug 11, 2008 9:58am Aug 11, 2008 9:58am
Quoting Aad
LMAO!!! I can't believe the ignorance...
It is so very easy to pull the trigger and throw crap responses (as we have seen over the past 2 weeks) when the market is in a retracement or even a reversal. The thing that these highly ingnorant and arrogant people have missed is Jacko and those on board for the last year or more, have ridden this up trend from the early 1.2000 days.

For those who are not happy with the AH strategy that is your option, but dont come here pulling piss comments such as you can do better. Size up your account with some of those who have been on the train for longer, you might just blush at your stupidity
  • #4,994
  • Aug 11, 2008 12:25pm Aug 11, 2008 12:25pm
Hello Guys,

I've been viewing the forums on FF for quite some time now and have been trading Forex for about 5 years...currency futures for about 11...it seems to me that everyone wants to find the holy grail to this thing we call the market and guess what - their isn't any...keep it simple. Price patterns..for they do not lie..news events can be wrong...however it's people's reaction to these events that we look to capitalize on and that is found in the price action of the charts..thus the combination of people's reaction as evidenced thru price action is what we are looking to "react' to...not predit..simply react...for me, the easiest way to determine the major trend is to begin by looking at the largest time frame first - and then skew in to each time frame below until you are at the time frame you want to trade. If on the weekly chart the price failed to make a higher pivot high, then we know that the UPTREND is about to change and turn into a sideways trend before either going back up - or - dropping as shown by the weekly chart. If I am a day trader and am trading off of my 15M charts, then yes, I am conscious of the major trend, however there are many opportunities to capitilaze on both sides - just understand that countertrend trades on the 15M charts will meet resistance on the pivots found on the 1H charts. Keep it simple. Buy the dips on uptrends...Sell the rallies on Downtrends..keep good moneymanagement and shoot for a minimum a 2:1 ratio, possibly more with trailing stops..follow one system..follow one currency and become a pro at it and you will make a very good living in this market. It's not about more wins than lossess..it's about greater size wins than losses....that's my 2 pips on my first post...thank you.
  • #4,995
  • Aug 11, 2008 12:41pm Aug 11, 2008 12:41pm
Quoting ragu
Hello Guys,

I've been viewing the forums on FF for quite some time now and have been trading Forex for about 5 years...currency futures for about 11...it seems to me that everyone wants to find the holy grail to this thing we call the market and guess what - their isn't any...keep it simple. Price patterns..for they do not lie..news events can be wrong...however it's people's reaction to these events that we look to capitalize on and that is found in the price action of the charts..thus the combination of people's reaction as evidenced thru price action is what we are looking to "react' to...not predit..simply react...for me, the easiest way to determine the major trend is to begin by looking at the largest time frame first - and then skew in to each time frame below until you are at the time frame you want to trade. If on the weekly chart the price failed to make a higher pivot high, then we know that the UPTREND is about to change and turn into a sideways trend before either going back up - or - dropping as shown by the weekly chart. If I am a day trader and am trading off of my 15M charts, then yes, I am conscious of the major trend, however there are many opportunities to capitilaze on both sides - just understand that countertrend trades on the 15M charts will meet resistance on the pivots found on the 1H charts. Keep it simple. Buy the dips on uptrends...Sell the rallies on Downtrends..keep good moneymanagement and shoot for a minimum a 2:1 ratio, possibly more with trailing stops..follow one system..follow one currency and become a pro at it and you will make a very good living in this market. It's not about more wins than lossess..it's about greater size wins than losses....that's my 2 pips on my first post...thank you.
Excellent first post! Most are asking for some sort help that could be had by starting at the beginning of the thread in question. Or worse just asking for an outright tip!

Refreshing for someone new to jump in and add value.

By the way, I agree with everything you said.

-Sean
  • #4,996
  • Aug 11, 2008 1:29pm Aug 11, 2008 1:29pm
Thank you Sean. I agree with you - looking for entry and exit points is definitely not the high road to making money in this business. One cannot trade another person's experience. It must be gained thru your own experiences as you both win and lose money. That is the price of education. However once you have passed thru the fire and come out the other side you will have learned a means to support yourself for as long as you want to play this game. Now that is priceless!
  • #4,997
  • Aug 11, 2008 3:49pm Aug 11, 2008 3:49pm
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.
Jacko has answered every single one of my emails within 24 hrs.

He also posts to his Blog on a daily basis, many times 4 or 5 times a day.

He also takes the time to post relevant emails and responses.

He also sends SMS messages to alert people to trades and important posts.

In addition he is starting a managed fund, which is occupying much of time.

James
  • #4,998
  • Aug 11, 2008 3:53pm Aug 11, 2008 3:53pm
Quoting BabeFX
Jacko's Turtles or sheep (excuse the humour/irony),

Another good positon to lose or gain money depending on your bias.

Kind regards,

BabeFX.
You're right, I made a trade at just about the level on your chart and added a 100 pip profit to my account. Add that to the 2 100 pip trades from last week and its looking pretty good.

All of this based on what I have learned from Jacko.

James
  • #4,999
  • Aug 11, 2008 4:08pm Aug 11, 2008 4:08pm
Quoting topcat275
jacko, you are a crook, your posted articles are useless
Come on everyone, Forex Factory is a GREAT Forum, because the Mods do not put up with people talking crap.....For what ever reason you don't like someone's method ...fine, don't visit the thread...I personally don't like onions, so instead of talking down onions and people that like onions, I DON'T order then when I get a hamburger.....
I have been waiting for posts like this to start coming in, I don't think a lot of people understand what is going on.....Jacko's methods is a Trend following method for the LONG term TREND. At the moment the usd is gaining,( no one thought that the EURO would go straight up, did they) but look at the weekly and monthly charts, the up-trend may be paused, but it has not been broken. I wonder what people thought when he was shorting the euro back in 2005.
Jacko's method works (only if it is right for you). For those of you that don't know, any method that will work has rules to keep it out of market conditions that it will not work in.....So what do you do when the rules say to stay out of the market.........either stay out and be patient, or have another system for that kind of market condition.
I hope that great traders like Jacko come back.......but if he does not, I can't blame him, would you? It is no wonder such a high % of new traders fail, if you can't see why....you will be next.
I know that FF has free speech, but can the mods please clean up the trash in this thread?

Thank you for your time.
Rsq955
  • #5,000
  • Aug 11, 2008 5:03pm Aug 11, 2008 5:03pm
Quoting ragu
Hello Guys,

I've been viewing the forums on FF for quite some time now and have been trading Forex for about 5 years...currency futures for about 11...it seems to me that everyone wants to find the holy grail to this thing we call the market and guess what - their isn't any...keep it simple. Price patterns..for they do not lie..news events can be wrong...however it's people's reaction to these events that we look to capitalize on and that is found in the price action of the charts..thus the combination of people's reaction as evidenced thru price action is what we are looking to "react' to...not predit..simply react...for me, the easiest way to determine the major trend is to begin by looking at the largest time frame first - and then skew in to each time frame below until you are at the time frame you want to trade. If on the weekly chart the price failed to make a higher pivot high, then we know that the UPTREND is about to change and turn into a sideways trend before either going back up - or - dropping as shown by the weekly chart. If I am a day trader and am trading off of my 15M charts, then yes, I am conscious of the major trend, however there are many opportunities to capitilaze on both sides - just understand that countertrend trades on the 15M charts will meet resistance on the pivots found on the 1H charts. Keep it simple. Buy the dips on uptrends...Sell the rallies on Downtrends..keep good moneymanagement and shoot for a minimum a 2:1 ratio, possibly more with trailing stops..follow one system..follow one currency and become a pro at it and you will make a very good living in this market. It's not about more wins than lossess..it's about greater size wins than losses....that's my 2 pips on my first post...thank you.

Hi ragu,

Nice post.

Simple & to the point.

Keep em coming.


Regards,

BabeFX.
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