Jacko's Forex House of Pleasure and Pain | Page 256 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #5,101
  • Aug 18, 2008 8:06pm Aug 18, 2008 8:06pm
Quoting twofeet
That's a good question, I've been following this thread with interest. The AH trade is a good strategy, but what if the price turns against the AH, do you AH an AH?

No you don't AH an AH trade......

if your AH gets triggered and stopped out, you "take it on the chin" as Jacko would say and move on.....
  • #5,102
  • Aug 19, 2008 12:48am Aug 19, 2008 12:48am
Quoting forexfixer
I have been sitting on a long term short at 1.5900 for a 1150plus pip profit. This is the biggest profit from a single trade I have ever made. I want to thank Jacko for helping me change to a more mature trader. Jacko tells me that I am an aggressive trader and has been very good at giving me advice about being careful in going against the trend, but he has never once said that I was trading in the wrong way. ButI no longer feel the need to make multiple trades every day like I used to do. I have changed my time frame for trades from the very short to the much longer time frames and my life is a much better place to be now. My girlfriend says I am a nicer person to be around now that I am not looking at the computer all the time.
I can now see that Jacko is right when he talks about setting up your trading pattern so that you can be a trader for the rest of your life. The way I was trading before was giving me headaches and heartburn. I was having panic attacks in the middle of the night and I was almost ready to give the business away as too difficult. His advice about trading has set me back on the road where I can keep on keeping on. I still get worried about my trades but jacko’s sense of calmness and professionalism in letting the trade play itself out has taken all the extra fear away from me. His replies to my emails are always straight to the point and very helpful, even when he has been in China for the Olympics. Jacko, you cannot believe the difference you have made to me. You are a top bloke

I no how you you feel. I was always scared when i had a trade on before. My chest woold get tight and i stayed looking at the screen for hours. Now i dont even sweat about it. And I am making more money than i ever expected to. Jacko showed me how to lose the fear of trading.
Hes da man
  • #5,103
  • Aug 19, 2008 11:38am Aug 19, 2008 11:38am
Quoting gagiul
just some challenging thing I found during my search for the next support. These 2 TLs and the 50% (plus 365 ema ) might give a good confluence for a bit of support and a run up. I even put a possible scenario there.

Im not saying Im gonna buy but I will closely watch these current levels. The current selling cannot go on forever coz there wont be any sellers on the market left =))
It might be too early to call this a support, but I think tomorrow we can see if the 1.4700 area can be a good place for buys.
We leave no soldier behind.
  • #5,104
  • Aug 19, 2008 12:05pm Aug 19, 2008 12:05pm
Quoting gagiul
It might be too early to call this a support, but I think tomorrow we can see if the 1.4700 area can be a good place for buys.
Something interesting I found with all this spare time not trading was that NZD/USD seems to trend up/down before EUR/USD. N$ has a low of .6826 and is now at .7145, up 319. Not saying the it will go up but seems to be another possible indicator.
Attached Image
  • #5,105
  • Aug 19, 2008 12:17pm Aug 19, 2008 12:17pm
That's very cool - no wonder they call you FX Genius!

It looks like the euro got stuck just before hitting the 1.4792 the high of the 15th.

But if that last post is a good indication...... maybe the euro is indeed headed up!
Isolate yourself from the herd
  • #5,106
  • Aug 19, 2008 12:20pm Aug 19, 2008 12:20pm
Quoting Fx_Genius
Something interesting I found with all this spare time not trading was that NZD/USD seems to trend up/down before EUR/USD. N$ has a low of .6826 and is now at .7145, up 319. Not saying the it will go up but seems to be another possible indicator.
they also had a rate decision in that period of time that moved the market
Don't chase the market, Let the market come to you
  • #5,107
  • Aug 19, 2008 12:40pm Aug 19, 2008 12:40pm
Quoting Tmac
they also had a rate decision in that period of time that moved the market
I'm sure there were quite a few rate decisions as the chart is just over 1 year in time shown for all three governments involved. Yes, a rate decision can impact a currency greatly, but to lead the up/down for a year (with movements that may have nothing to do with other pairs) might just be worth something. Everyone is looking for some indication as to what will happen in the future, I'm just passing on what I see. I'm not using this to base my trades on, as my work was done (Orders placed) last week before I found this and I'm waiting for the market to come to me.
  • #5,108
  • Aug 19, 2008 12:49pm Aug 19, 2008 12:49pm
Quoting Fx_Genius
I'm sure there were quite a few rate decisions as the chart is just over 1 year in time shown for all three governments involved. Yes, a rate decision can impact a currency greatly, but to lead the up/down for a year (with movements that may have nothing to do with other pairs) might just be worth something. Everyone is looking for some indication as to what will happen in the future, I'm just passing on what I see. I'm not using this to base my trades on, as my work was done (Orders placed) last week before I found this and I'm waiting for the market to come to me.
its only a matter of being patient for jackos method to once more work on the euro, the dollar is far from being out of trouble but at least now it has some "breathing" room for the next major fall.
Don't chase the market, Let the market come to you
  • #5,109
  • Aug 19, 2008 1:40pm Aug 19, 2008 1:40pm
Hi,

I've tried to google this up, but no luck so far - so, I'd like to ask, when is the lunchtime in US? I suppose it's at 10 AM, but AFAIK, some companies have their lunchtime set at 12.00 AM.

I would appreciate any help on this subject.
  • #5,110
  • Aug 19, 2008 1:51pm Aug 19, 2008 1:51pm
Quoting hendrix
Hi,

I've tried to google this up, but no luck so far - so, I'd like to ask, when is the lunchtime in US? I suppose it's at 10 AM, but AFAIK, some companies have their lunchtime set at 12.00 AM.

I would appreciate any help on this subject.
Lunch is usually taken at noon, 12:00 PM in it's respective time zone....
Same Whore .... Different Dress
  • #5,111
  • Aug 19, 2008 3:44pm Aug 19, 2008 3:44pm
Quoting johnedoe
Lunch is usually taken at noon, 12:00 PM in it's respective time zone....
Thanks! I asked this, because here where I work and live, most companies have their lunchtime at 10.00 AM.
  • #5,112
  • Aug 19, 2008 8:56pm Aug 19, 2008 8:56pm
Quoting hendrix
Thanks! I asked this, because here where I work and live, most companies have their lunchtime at 10.00 AM.
Interesting.. so when are breakfast and dinner served?

Also note as johnedoe stated .... 4 time zones in continental US... thus 4 different noon lunch times.
  • #5,113
  • Aug 19, 2008 8:59pm Aug 19, 2008 8:59pm
looks like random coincidence to me....

Quoting Fx_Genius
Something interesting I found with all this spare time not trading was that NZD/USD seems to trend up/down before EUR/USD.
  • #5,114
  • Aug 19, 2008 9:22pm Aug 19, 2008 9:22pm
Quoting forexfixer
I have been sitting on a long term short at 1.5900 for a 1150plus pip profit. This is the biggest profit from a single trade I have ever made. I want to thank Jacko for helping me change to a more mature trader. Jacko tells me that I am an aggressive trader and has been very good at giving me advice about being careful in going against the trend, but he has never once said that I was trading in the wrong way. ButI no longer feel the need to make multiple trades every day like I used to do. I have changed my time frame for trades from the very short to the much longer time frames and my life is a much better place to be now. My girlfriend says I am a nicer person to be around now that I am not looking at the computer all the time.
I can now see that Jacko is right when he talks about setting up your trading pattern so that you can be a trader for the rest of your life. The way I was trading before was giving me headaches and heartburn. I was having panic attacks in the middle of the night and I was almost ready to give the business away as too difficult. His advice about trading has set me back on the road where I can keep on keeping on. I still get worried about my trades but jacko’s sense of calmness and professionalism in letting the trade play itself out has taken all the extra fear away from me. His replies to my emails are always straight to the point and very helpful, even when he has been in China for the Olympics. Jacko, you cannot believe the difference you have made to me. You are a top bloke
Closed all positions at 1.4650 and chopped and reversed. Bought again at 1.4650
  • #5,115
  • Aug 19, 2008 9:27pm Aug 19, 2008 9:27pm
Quoting tdion
looks like random coincidence to me....
Prior to 2002 looks like lagging, after leading? Random coincidence on lead now, could be, but following E$ I would think is based on $ strength/weakness and given they are fighting inflation more than Europe and have higher interest rates could possibly have some merit. Maybe.
Attached Image (click to enlarge)
Click to Enlarge Name: N$2.png Size: 22 KB
  • #5,116
  • Aug 19, 2008 9:31pm Aug 19, 2008 9:31pm
Quoting Fx_Genius
Prior to 2002 looks like lagging, after leading? Random coincidence on lead now, could be, but following E$ I would think is based on $ strength/weakness and given they are fighting inflation more than Europe and have higher interest rates could possibly have some merit. Maybe.


i wouldn't make any trades with that info......
Same Whore .... Different Dress
  • #5,117
  • Aug 19, 2008 9:34pm Aug 19, 2008 9:34pm
Quoting forexfixer
Closed all positions at 1.4650 and chopped and reversed. Bought again at 1.4650
Well done!!!
I'm waiting for 1.49 to get in. Let the trend establish again.
  • #5,118
  • Aug 19, 2008 9:38pm Aug 19, 2008 9:38pm
Quoting johnedoe
i wouldn't make any trades with that info......
I'm not.

Quoting Fx_Genius
I'm not using this to base my trades on, as my work was done (Orders placed) last week before I found this and I'm waiting for the market to come to me.
  • #5,119
  • Aug 19, 2008 11:23pm Aug 19, 2008 11:23pm
Quoting Fx_Genius
Well done!!!
I'm waiting for 1.49 to get in. Let the trend establish again.
I concour....

1.4900 looks like an important point, with good resistance (Nov. 23, Jan 15, Jan 31). However it seems as though it doesn't have a lot of support associated with it....

I think I'm going to hold on and look for the entry around 1.4950, give up the 50 pips to confirm the trend.....
  • #5,120
  • Aug 20, 2008 3:39am Aug 20, 2008 3:39am
Quoting Fx_Genius
Well done!!!
I'm waiting for 1.49 to get in. Let the trend establish again.
I agree, I'm going to wait for lower low and then for the high to be broken. I'm still a little stuck as to whether to wait for a cheap price (as Jacko would say) at around 1.4650 or wait for a full confirmation and go in at 1.4850?
Jacko Turtle - 2nd Group
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