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Trading Aussie Jacko Style

  • #421
  • Aug 11, 2008 6:28am Aug 11, 2008 6:28am
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
So out at be, Im on the lookout to see if we go breaking lows. If so this is going down farther. Gold and eur looking weak as well, so Im quite happy to be on the sidelines...Raz
Never say never.
  • #422
  • Aug 14, 2008 5:27am Aug 14, 2008 5:27am
I think it is time to look for buys again it seems that aussie has bottomed at 8600, at least temporarily. we have 3 higher lows/highs on the hourly chart. I am oscillating between placing a buy at 8650 and 8700. 8650 seems much safer because the stop would be close to the low, but if this thing continues to go up like it did until now, I might now get filled.
We leave no soldier behind.
  • #423
  • Aug 14, 2008 5:42am Aug 14, 2008 5:42am
Quoting gagiul
I think it is time to look for buys again it seems that aussie has bottomed at 8600, at least temporarily. we have 3 higher lows/highs on the hourly chart. I am oscillating between placing a buy at 8650 and 8700. 8650 seems much safer because the stop would be close to the low, but if this thing continues to go up like it did until now, I might now get filled.
Hey, we may be getting there...Im still not overly convinced. I see a lot of sideways action. It still looks like we could go either way from here, but you would think at least a correction is in order! Post your trade please, if you get in , RAz
Never say never.
  • #424
  • Aug 14, 2008 5:54am Aug 14, 2008 5:54am
Quoting gagiul
I think it is time to look for buys again it seems that aussie has bottomed at 8600, at least temporarily. we have 3 higher lows/highs on the hourly chart. I am oscillating between placing a buy at 8650 and 8700. 8650 seems much safer because the stop would be close to the low, but if this thing continues to go up like it did until now, I might now get filled.
You may be right, there's a nice pin bar on the daily to keep an eye on
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  • #425
  • Aug 14, 2008 6:59am Aug 14, 2008 6:59am
Quoting razldazl
it still looks like we could go either way from here,
You may be right with going either way. If you look on the monthly, it seems that real major support is still far away, around 0.8000-0.8200. I will pay attention to how Aussie behaves and will close trades at any sign of serious weakness.
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We leave no soldier behind.
  • #426
  • Aug 14, 2008 7:30pm Aug 14, 2008 7:30pm
Quoting gagiul
You may be right with going either way. If you look on the monthly, it seems that real major support is still far away, around 0.8000-0.8200. I will pay attention to how Aussie behaves and will close trades at any sign of serious weakness.
well I think my above post cancels itself after todays PA. I will take a few more days break until the next support cheers everybody.

P.S. I still cant imagine a market dropping 1200 pips without any retracement.
We leave no soldier behind.
  • #427
  • Aug 14, 2008 7:52pm Aug 14, 2008 7:52pm
Quoting gagiul
P.S. I still cant imagine a market dropping 1200 pips without any retracement.
Summer time for one. But look what happened to EJ when the carry trades unwound. ....and once again.... during northern summer.
Bundy's status today: "Waiting..."
  • #428
  • Aug 19, 2008 12:18am Aug 19, 2008 12:18am
Quoting bundyraider
Summer time for one. But look what happened to EJ when the carry trades unwound. ....and once again.... during northern summer.
Is there anybody watching the shop? Is AUDUSD straight down from here?
Expected the unexpected
  • #429
  • Aug 19, 2008 12:32am Aug 19, 2008 12:32am
it'll be the US data out tonight in relation to PPI and housing coupled with commodity prices that will provide the wind to see where it blows in the short term. If commodity prices continue flat or downward into September that will give more downward pressure longterm on the AUD.

More importantly it is the data coming out early in Sept in Australia (employment etc) and the RBA meeting the first week in Sept and later in Sept the CPI data for the quarter. It's the quarterly CPI data that will be one to watch - if it comes in lower than you could see a hard trend down.
  • #430
  • Aug 19, 2008 12:42am Aug 19, 2008 12:42am
Quoting scyang
Is there anybody watching the shop? Is AUDUSD straight down from here?
the days of trading it jacko style are over for the near future if that is what you are looking for, 8500 still to be hit but 8100 to 7600 not out of the question
Don't chase the market, Let the market come to you
  • #431
  • Aug 19, 2008 3:41am Aug 19, 2008 3:41am
Quoting scyang
Is there anybody watching the shop? Is AUDUSD straight down from here?
WE are in no mans land now. Theres no way I would long this and its too late to short without a decent pullback first so I wouldnt touch it to be honest right now...just my thoughts, Raz
Never say never.
  • #432
  • Aug 19, 2008 3:43am Aug 19, 2008 3:43am
Quoting razldazl
WE are in no mans land now. Theres no way I would long this and its too late to short without a decent pullback first so I wouldnt touch it to be honest right now...just my thoughts, Raz
So it's time to go shopping and cooking and leave the monitor off.
Expected the unexpected
  • #433
  • Aug 19, 2008 5:08am Aug 19, 2008 5:08am
Quoting scyang
So it's time to go shopping and cooking and leave the monitor off.
You do the cooking, IŽll do the shopping ok? haha
Never say never.
  • #434
  • Aug 19, 2008 5:31am Aug 19, 2008 5:31am
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,

Well that's close to how I sometimes feel about doing anything at all outside of the J16 thread. I have written-and-deleted-before-posting more text blocks in the last 3 months than I've submitted it seems like, for this very reason of feeling "What's the point???".

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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.
Fair enough.

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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.
Wait! - This(or at least part of it)sounds like something I know

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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.
Amen, agreed.

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

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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.
Agree.

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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.
Over time it has occured to me that this most likely will not happen anywhere in public / an unrestricted area.

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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.
Well, I understand what you mean.

Shame, I really would have loved to see your count on various pairs.

Even bigger shame that what you've described seems to be a mechanism setting in for more and more people who've stayed "in the game" long enough to actually "have a clue".
Trust price. Know yourself.
  • #435
  • Aug 19, 2008 9:30am Aug 19, 2008 9:30am
I put in a buy stop earlier @ 8715 (very conservative MM), SL 8622. Thats where I want to be in the long from if price moves up, but I don't have an entry for the short, yet.

And now I'm going shopping too!

Quoting razldazl
WE are in no mans land now. Theres no way I would long this and its too late to short without a decent pullback first so I wouldnt touch it to be honest right now...just my thoughts, Raz
Attached Image
  • #436
  • Aug 19, 2008 9:32am Aug 19, 2008 9:32am
Quoting razldazl
You do the cooking, IŽll do the shopping ok? haha
No problem. I will give you the shopping list, and I will stay behind and do the cooking. Just remember the dishes are yours.
Expected the unexpected
  • #437
  • Edited Aug 20, 2008 3:00am Aug 19, 2008 5:25pm | Edited Aug 20, 2008 3:00am
Quoting pipprincess
I put in a buy stop earlier @ 8715 (very conservative MM), SL 8622. Thats where I want to be in the long from if price moves up, but I don't have an entry for the short, yet.

And now I'm going shopping too!
Hey PP,
looks like youre in, good luck! Things are getting warmer for me too. I would like to see a 4hr+ close above the area we are in now (.8725) and then a pullback and THEN I will look to long with you. I dont know if we will get there but gold is up and eur is up...both good signs for a long. Take care, Raz
Never say never.
  • #438
  • Aug 20, 2008 5:14am Aug 20, 2008 5:14am
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 ~~
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.
How about doing a read only thread?
Good Trading
  • #439
  • Aug 20, 2008 6:26am Aug 20, 2008 6:26am
Hi Razl,

I B/E'd it in the end because the other majors were performing much better for me. The Aussie was the only one that looked like it was fighting to stay up against a (comparitively) weak dollar, so i shut it down because i didn't need it. Do you know what is Jacko's advice on the aussie right now? I like the method he explained in his first post, but i don't follow the rest of that thread.


Quoting razldazl
Hey PP,
looks like youre in, good luck! Things are getting warmer for me too. I would like to see a 4hr+ close above the area we are in now (.8725) and then a pullback and THEN I will look to long with you. I dont know if we will get there but gold is up and eur is up...both good signs for a long. Take care, Raz
  • #440
  • Aug 20, 2008 6:54am Aug 20, 2008 6:54am
Quoting pipprincess
Hi Razl,

I B/E'd it in the end because the other majors were performing much better for me. The Aussie was the only one that looked like it was fighting to stay up against a (comparitively) weak dollar, so i shut it down because i didn't need it. Do you know what is Jacko's advice on the aussie right now? I like the method he explained in his first post, but i don't follow the rest of that thread.
Hey PP,
Jacko doesnt trade aussie so no idea what his thoughts are at the mo...Raz
Never say never.
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