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Trading Aussie Jacko Style

  • #401
  • Aug 8, 2008 6:25am Aug 8, 2008 6:25am
Quoting scyang
Are you still letting your short run? Looks like it hasn't found the bottom yet.

I had a stop loss incase it went above but it wasn't taken out. I took half position short profit at 89. I think it well could go to 87 and I hear that oil could drop drastically after testing the 117 price today. If oil drops the USD will soar and Aussie will weaken. So I have 1/2 my shorts still running, yes.
  • #402
  • Aug 8, 2008 6:25am Aug 8, 2008 6:25am
Quoting razldazl
WEll done
Thanks Raz!
  • #403
  • Aug 8, 2008 10:51am Aug 8, 2008 10:51am
Quoting razldazl
Tom people are begging to see your E waves, give them something to wet their appetite will you? Aussie and eur come on....
gonna start my room again after kid is back in school, will have more time then. Cad hit target, UC 25 pips off traget, UJ hit target, GU not quite but will soon and aussie, what can you say, been short since the 9700's there, I said the dollar was gonna give me the best christmas present yet, might be early but it came nonetheless.

EU, missed it completely, never seen this massive sell off coming on this grand a scale but WOW it has been fun to watch
Don't chase the market, Let the market come to you
  • #404
  • Aug 9, 2008 5:02am Aug 9, 2008 5:02am
Quoting Tmac
gonna start my room again after kid is back in school, will have more time then.
Personally I don't want / care for any rooms(noise, distortion, FUD), I was just hoping that if you mention the inevitability of your counts that you could just throw up a quick chart with some numbered swings on it so others could compare their own attempts at a count. And if you have projected targets from the count, then those as well, perhaps with some reasoning depending on the expected wave type(fib relation to another wave, sizing/why).

I guess there's just no real exchange of "proper" EW attempts on FF anymore(5M counts on El Grande's thread and Marketwavez occassional stuff isn't really a satisfactory solution for me, personally) and I for one think that's a shame.
It seems there's almost no qualified EW counter/trader around and those we had briefly disappeared again.

Not that anyone ever was overly enthusiastic to do/share simple, clean big chart counts(at least 4h or daily / weekly) of full cycles or larger swings/waves.
Trust price. Know yourself.
  • #405
  • Edited 2:44pm Aug 9, 2008 10:57am | Edited 2:44pm
Quoting SeekingLight
Personally I don't want / care for any rooms(noise, distortion, FUD), I was just hoping that if you mention the inevitability of your counts that you could just throw up a quick chart with some numbered swings on it so others could compare their own attempts at a count. And if you have projected targets from the count, then those as well, perhaps with some reasoning depending on the expected wave type(fib relation to another wave, sizing/why).

I guess there's just no real exchange of "proper" EW attempts on FF anymore(5M counts on El Grande's thread and Marketwavez occassional stuff isn't really a satisfactory solution for me, personally) and I for one think that's a shame.
It seems there's almost no qualified EW counter/trader around and those we had briefly disappeared again.

Not that anyone ever was overly enthusiastic to do/share simple, clean big chart counts(at least 4h or daily / weekly) of full cycles or larger swings/waves.

to post that here at FF is a waste of time. I have in the past posted and then you get all the newbies that have all the answers but in reality are no more than wannabes, they wanna be trades but never will, I personally dont want to deal with those fools and incompetents that mass in here so I removed all my prior posts that had charts and analysis.

and no not all of us were there before, from day one I have done my own analysis and gotten better and better at it.

I posted comments here for the benefit of one person so that they would not look for further upside to jackos method in the Aud.

maybe some one should start a professional forum where those seeking membership must have live trading experience and then the sharing of ideas and analysis will become much more benificial to those that actualy do this for a living.

I'm sorry but I have no time for the constant posts in here with the I'm short anyone else with me crap but I could be wrong but maybe not and should I use a SL and whwere should it be but what ifs and what nots. most do not listen and will still wander from thread to thread no matter what you tell them looking for profit but not knowledge.

to weed through all of that to the meat and potatoes posts is more than I care to do everyday anymore.

to trade one must do a daily analysis everyday of the market they trade be it the aud, euro, yen or pound, or whatever exotic pair is the flavor of the day for you. If you do this everyday with the fundis and tech aspect and in my case EW also then you KNOW with a certain degree of probability where the markety is going to go.
these are the people I would love to see in a forum, those that are serious about trading not guessing and wandering aimlessly from thread to thread begging for help and looking for calls.

Then I will gladly post and share charts and complete analysis and compare and share all I have but this is a business for me and I dont have time for those that treat it as a sideline to help brokers drive fancy cars and live in million $ houses.
Don't chase the market, Let the market come to you
  • #406
  • Edited 7:24pm Aug 10, 2008 7:01pm | Edited 7:24pm
AU drop 1,000 pips from 9850 to 8850, maybe good time for retrace, and gold at 850$, and has some support there
  • #407
  • Aug 10, 2008 7:33pm Aug 10, 2008 7:33pm
Quoting Tmac
to post that here at FF is a waste of time. I have in the past posted and then you get all the newbies that have all the answers but in reality are no more than wannabes, they wanna be trades but never will, I personally dont want to deal with those fools and incompetents that mass in here so I removed all my prior posts that had charts and analysis.

and no not all of us were there before, from day one I have done my own analysis and gotten better and better at it.

I posted comments here for the benefit of one person so that they would not look for further upside to jackos method in the Aud.

maybe some one should start a professional forum where those seeking membership must have live trading experience and then the sharing of ideas and analysis will become much more benificial to those that actualy do this for a living.

I'm sorry but I have no time for the constant posts in here with the I'm short anyone else with me crap but I could be wrong but maybe not and should I use a SL and whwere should it be but what ifs and what nots. most do not listen and will still wander from thread to thread no matter what you tell them looking for profit but not knowledge.

to weed through all of that to the meat and potatoes posts is more than I care to do everyday anymore.

to trade one must do a daily analysis everyday of the market they trade be it the aud, euro, yen or pound, or whatever exotic pair is the flavor of the day for you. If you do this everyday with the fundis and tech aspect and in my case EW also then you KNOW with a certain degree of probability where the markety is going to go.
these are the people I would love to see in a forum, those that are serious about trading not guessing and wandering aimlessly from thread to thread begging for help and looking for calls.

Then I will gladly post and share charts and complete analysis and compare and share all I have but this is a business for me and I dont have time for those that treat it as a sideline to help brokers drive fancy cars and live in million $ houses.
Tmac,
can i ask how did you learned your craft,
did it come to you in a bolt of light or did you take guidence from others willing to help.

no malice intended
and whilst i can only imagine the frustration that the very helpful people around here must feel when they try to help and get attacked and critiqued by people they have never met or heard of , there are still plenty of us out here who enjoy and are willing to try to continue to learn from those willing to share.
I am sure there would be far more people that would appreciate your analysis than there are wannabes that would critisize.

cheers
geoff
  • #408
  • Edited 2:53am Aug 11, 2008 2:36am | Edited 2:53am
Quoting Clouds
AU drop 1,000 pips from 9850 to 8850, maybe good time for retrace, and gold at 850$, and has some support there
Putting a stop buy at 0.89, looking for a retrace on this drop down

update 1: wow that was quick, order picked up, 45 tsl now at 0.8873
Never say never.
  • #409
  • Aug 11, 2008 2:40am Aug 11, 2008 2:40am
Quoting razldazl
Putting a stop buy at 0.89, looking for a retrace on this drop down
well, gold at 'double bottom' at 850, or is it a double top at 1000 and 980?
  • #410
  • Aug 11, 2008 2:50am Aug 11, 2008 2:50am
Quoting razldazl
Putting a stop buy at 0.89, looking for a retrace on this drop down
order activated.
  • #411
  • Edited 3:04am Aug 11, 2008 3:04am | Edited 3:04am
Quoting Clouds
order activated.
In at 0.89, 45 tsl at +2 now, wow that was fast
Never say never.
  • #412
  • Aug 11, 2008 3:27am Aug 11, 2008 3:27am
I'm wondering if 45 pip TSL is too tight. Have been watching a/u over the last two weeks with its fall. Razldazl, while monitoring your position, could you monitor the outcome if you'd had an 100 pip TSL, too? (Not just for this trade but the next few trades with Jacko's method.)
The market reveals who we really are...
  • #413
  • Aug 11, 2008 3:37am Aug 11, 2008 3:37am
Quoting shadowninja
I'm wondering if 45 pip TSL is too tight. Have been watching a/u over the last two weeks with its fall. Razldazl, while monitoring your position, could you monitor the outcome if you'd had an 100 pip TSL, too? (Not just for this trade but the next few trades with Jacko's method.)
Hey SN,
Im not convinced this drop is over. So Id rather keep my tsl tight, but you are welcome to change whatever you want and post your results. Take care, Raz
Never say never.
  • #414
  • Aug 11, 2008 3:45am Aug 11, 2008 3:45am
Quoting razldazl
Hey SN,
Im not convinced this drop is over. So Id rather keep my tsl tight, but you are welcome to change whatever you want and post your results. Take care, Raz
Raz, my SL's are sometimes 10 pips, but it's when I see a support it's been respecting and keeps bouncing or such.. But anyway, gold is at 850 and I don't see it slicing through there yet, it should 'at least' bounce some too get more sellers, let's see what the next high is for gold. The last high was not as high as the previous high, but the support same at 850. AU should at least try get to 9300.
  • #415
  • Aug 11, 2008 4:03am Aug 11, 2008 4:03am
Quoting Clouds
Raz, my SL's are sometimes 10 pips, but it's when I see a support it's been respecting and keeps bouncing or such.. But anyway, gold is at 850 and I don't see it slicing through there yet, it should 'at least' bounce some too get more sellers, let's see what the next high is for gold. The last high was not as high as the previous high, but the support same at 850. AU should at least try get to 9300.
Clouds,

I believe AUDUSD is in a downtrend right now, although I totally agree it needs to retrace up now. What timeframe are you expecting AUDUSD to reach .93 if you think that is the retracement level? I am in long but only hope for .91 or so.
Expected the unexpected
  • #416
  • Aug 11, 2008 4:04am Aug 11, 2008 4:04am
Quoting scyang
Clouds,

I believe AUDUSD is in a downtrend right now, although I totally agree it needs to retrace up now. What timeframe are you expecting AUDUSD to reach .93 if you think that is the retracement level? I am in long but only hope for .91 or so.
Time frame, this week.
  • #417
  • Aug 11, 2008 4:06am Aug 11, 2008 4:06am
Ok,
my entry was 0.89, tsl 45 which is now at be +4, what I am going to do is leave my stop at be, and re evaluate as we move along. Thats my plan and Im sticking to it hehe
Raz
Never say never.
  • #418
  • Aug 11, 2008 4:09am Aug 11, 2008 4:09am
Quoting razldazl
Ok,
my entry was 0.89, tsl 45 which is now at be +4, what I am going to do is leave my stop at be, and re evaluate as we move along. Thats my plan and Im sticking to it hehe
Raz
Current support at 8904 off EMA, but should continue to get higher
Attached Image
  • #419
  • Aug 11, 2008 4:14am Aug 11, 2008 4:14am
Quoting Clouds
Time frame, this week.
Wow that's ambitious. Hope it gets there and then we can short!
Expected the unexpected
  • #420
  • Aug 11, 2008 4:16am Aug 11, 2008 4:16am
Quoting scyang
Wow that's ambitious. Hope it gets there and then we can short!
careful though, some see gold at 850 twice as double bottom, and some see it as double top at around 1000, but (it's not double top), it was at 1000 and 980, so not exact double top, so which is it, double top or double bottom? Gold going down to 500? or going up to 1500? I dont know, I dont trade gold, but I do know the bulls are buying gold at 850 right now. I know the bears are waiting to sell it. They aren't gonna sell it until around 1000 or if it breaks 850. So let's wait and see.
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