Jacko's Forex House of Pleasure and Pain | Page 260 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #5,181
  • Aug 25, 2008 4:25am Aug 25, 2008 4:25am
Quoting forexfixer
In the office and ready for another big money week. Trades this month:
Sold 5900 Bought 4650 Profit 1250 pips
Bought 4600 Sold 4880 Profit 220 pips


When does Jacko get back from Beijing?
Bugger. I have made a mistake. It should be;

Bought 4650 Sold 4880 Profit 170 pips
  • #5,182
  • Aug 25, 2008 6:57am Aug 25, 2008 6:57am
or do you use multiple TFs? ....
  • #5,183
  • Edited Aug 26, 2008 5:52am Aug 25, 2008 6:15pm | Edited Aug 26, 2008 5:52am

Isolate yourself from the herd
  • #5,184
  • Edited Aug 26, 2008 1:06am Aug 25, 2008 8:31pm | Edited Aug 26, 2008 1:06am
Quote
Hi Jacko!

I've decided to look through Your profile to check up on new posts for any new "jacko style hints" and see You haven't written anything for a while. Everything OK?


I have just received the above message in my PM's

Sorry for the delay in replying but firstly I have been in Beijing for the Olympics and only just returned and secondly, I don't post on the FF too much lately because I have been so busy with the small private group that I am mentoring (see footnote).

I am very well so thank you for your concern.

Jacko


.
  • #5,185
  • Aug 25, 2008 8:50pm Aug 25, 2008 8:50pm
Just bought at 1.4717 s/l at 1.4667
Went down to 1.4702 now at 1.4721
Wait and see.
Peter
  • #5,186
  • Aug 26, 2008 1:07am Aug 26, 2008 1:07am
Quoting forexfixer
In the office and ready for another big money week. Trades this month:
Sold 5900 Bought 4650 Profit 1250 pips
Bought 4600 Sold 4880 Profit 220 pips


When does Jacko get back from Beijing?

Excellent trading..


Jacko

PS I am now back from Beijing Games

.
  • #5,187
  • Edited 6:28am Aug 26, 2008 1:11am | Edited 6:28am
[quote=forexweasel;2183376]Hello hello hello hello

Anybody out there there there there







Hey FW,
I would say its at least a nice early warning that we may have to sit on our hands a while longer....Raz
Never say never.
  • #5,188
  • Aug 26, 2008 4:55am Aug 26, 2008 4:55am
Hi All,

Well, that was short but not so sweet.

This morning I went long at 1.4717 with a Stop Loss at 1.4667.
I just got stopped out at 1.4667.

I wanted to check my understanding of the Anti-Hedge stratagy with some of you more experienced players.

If the price moves down a further 50 pips or more, to 1.4617 or less,
(it already has) I place a Buy Stop at 1.4667 (my original Stop Loss) with a Stop Loss at 1.4617, 50 pips under the new entry price, with a 50 pip Trailing Stop.
Have I got that correct?
Thanks for you assistance.
Regards from
Peter.
  • #5,189
  • Aug 26, 2008 5:30am Aug 26, 2008 5:30am
Yes, you've got it right - except that you should put on a 100 pip SL.

BUT

Since the idea of the AH is to pick up the long-term trend when it resumes, it may not be such a good idea to employ the AH strategy in the present climate.
You may believe that the long-term trend has changed, OR it will not resume its northward direction any time soon.
Either way, I wouldn't risk it at the present time.
Just a personal opinion.

HTH
  • #5,190
  • Aug 26, 2008 5:38am Aug 26, 2008 5:38am
Quoting Peterchap
Hi All,

Well, that was short but not so sweet.

This morning I went long at 1.4717 with a Stop Loss at 1.4667.
I just got stopped out at 1.4667.

I wanted to check my understanding of the Anti-Hedge stratagy with some of you more experienced players.

If the price moves down a further 50 pips or more, to 1.4617 or less,
(it already has) I place a Buy Stop at 1.4667 (my original Stop Loss) with a Stop Loss at 1.4617, 50 pips under the new entry price, with a 50 pip Trailing Stop.
Have I got that correct?
Thanks for you assistance.
Regards from
Peter.
thats exactly how it works
Never say never.
  • #5,191
  • Aug 26, 2008 6:29am Aug 26, 2008 6:29am
I thought before that jacko defined the immediae trend using daily timeframe, and places his trades using the 4h Timeframe (fine tuning entry?)

Then I got confused about the trend so I thought maybe he is looking at weekly for long term trend, and daily is not important anymore because the long term trend can still be up?


There are so many trends within a trend, how can you know the immediate trend without getting stopped? Can i safely employ this strategy on the 4h/daily?
  • #5,192
  • Aug 27, 2008 8:31am Aug 27, 2008 8:31am
Is anyone still using 50 pip TSL or are you all on the 100 pip TSL version?

I'm asking this, because as far as my personal trading is concerned, 50 pip TSL is still working very fine. I always log my trades with "manual exit", "50 pip TSL exit" and "100 pip TSL exit", just to study the "what would happen if..." scenarios.

I know that Jacko uses 100 pip TSL all the time (and he does close the position when he feels it is appropriate), but I still have this strange feeling, when starting with a 100 pip TSL... You know, like "this trade has to be huuuge, or I'll finish with a loss".

Other than that, I stick to the original rules, which are still the best I've ever seen.
  • #5,193
  • Aug 27, 2008 9:02am Aug 27, 2008 9:02am
Interesting. It does seem to hold if you were short the last 3 or so weeks.
The market reveals who we really are...
  • #5,194
  • Aug 27, 2008 10:31am Aug 27, 2008 10:31am
Quoting shadowninja
Interesting. It does seem to hold if you were short the last 3 or so weeks.
Well, I combine 50 pip TSL and manual stops. A.H. also tends to work better with 50 pip TSL - even in these market conditions.

I also like the fact, that with 50 pip TSL, you can get more easily 1:1,5 or 1:2 risk/reward ratio trades.

Anyway, all this is based on my experiences alone and it seems to work fine for ME.

However, it would be also interesting to hear if someone else is using the 50 pip TSL or something similar.

Keep in mind, that I'm not trying to undermine anything here, I'm just curious.
  • #5,195
  • Aug 27, 2008 10:59am Aug 27, 2008 10:59am
Quoting hendrix
I also like the fact, that with 50 pip TSL, you can get more easily 1:1,5 or 1:2 risk/reward ratio trades.
That is something I've been eyeing up. R/R seems better when risking 50 pips. However, you are more likely to get stopped out of the bigger moves.
The market reveals who we really are...
  • #5,196
  • Aug 27, 2008 11:11am Aug 27, 2008 11:11am
Quoting shadowninja
That is something I've been eyeing up. R/R seems better when risking 50 pips. However, you are more likely to get stopped out of the bigger moves.
True, but I suppose, that the A.H. has less work to do when recovering the loss.

Here is a screen shot of all the "what if" scenarios (based on my trades) of 50 pip TSL's and 100 pip TSL's. It starts on May and ends in August. (I won't take any more trades this month) Oh, this is without the A.H.'s.
Attached Image (click to enlarge)
Click to Enlarge Name: TSL.png Size: 6 KB
  • #5,197
  • Aug 27, 2008 12:15pm Aug 27, 2008 12:15pm
That looks quite interesting Hendrix!

Any idea what the figures would be with the AH's? I always feel an AH trade is far out of reach when using a 100 pip TSL.
Jacko Turtle - 2nd Group
  • #5,198
  • Aug 27, 2008 12:55pm Aug 27, 2008 12:55pm
Quoting Vips
That looks quite interesting Hendrix!

Any idea what the figures would be with the AH's? I always feel an AH trade is far out of reach when using a 100 pip TSL.
I can't tell you in numbers, because I keep A.H. trades as comments in the "A.H. Trigger Level" column. But generally speaking, as I said before, 50 pip TSL A.H. trade has less work to do than a 100 pip TSL A.H. trade, and my trades with the smaller TSL A.H.'s yield better results.

Anyway, forgive me for repeating, but this is my personal experience and it may not apply in general.
  • #5,199
  • Aug 27, 2008 3:13pm Aug 27, 2008 3:13pm
Jacko original TS was 50 pip before he changed it to 100 pip few month ago because of the high volatility EUR/USD seem to be getting .
  • #5,200
  • Aug 28, 2008 8:36pm Aug 28, 2008 8:36pm
Any one made any trades recently? or the market too volatile and flat?
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