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Trading Aussie Jacko Style

  • #541
  • Sep 9, 2008 4:00pm Sep 9, 2008 4:00pm
out +50
Month to date total 320+50=370
Never say never.
  • #542
  • Sep 9, 2008 11:23pm Sep 9, 2008 11:23pm
Lets see if we drop from here, will enter at 0.8050 if we do, we are currently at 0.8060, lets see...Raz
Never say never.
  • #543
  • Sep 10, 2008 12:42am Sep 10, 2008 12:42am
Ok
So results as follows to date:
June +202
July +92
August -25
September (up to today 10 Sept) +370

Total= +639

Without getting into lengthy discussions about whether a method works or not, I think the results speak for themselves. However, these are my results, another person using the same strategy could easily have had better or worse results, but the possibility to make these pips, under these changing/difficult/varying market conditions, remains the same. All the best, Raz
Never say never.
  • #544
  • Sep 10, 2008 2:15am Sep 10, 2008 2:15am
Cool.

So, you enter in the direction of the trend (in this case when it passes down, through) rather than when it rallies up to a round number. More or less my approach. Kinda like getting confirmation that it's moving in the direction of the trend.
The market reveals who we really are...
  • #545
  • Sep 10, 2008 2:18am Sep 10, 2008 2:18am
Quoting razldazl
Ok
So results as follows to date:
June +202
July +92
August -25
September (up to today 10 Sept) +370

Total= +639

Without getting into lengthy discussions about whether a method works or not, I think the results speak for themselves. However, these are my results, another person using the same strategy could easily have had better or worse results, but the possibility to make these pips, under these changing/difficult/varying market conditions, remains the same. All the best, Raz
Impressive results Raz. Thanks running the gauntlet and sharing your trades - takes guts imo.

Jacko's method is largely disretionary but in the hands of a good trader can yield very satisfactory results. I'm convinced.
  • #546
  • Sep 10, 2008 2:24am Sep 10, 2008 2:24am
It would be interesting if you can work out how to have made August a profitable month. We know it's a turning point in the direction...
The market reveals who we really are...
  • #547
  • Edited 4:15am Sep 10, 2008 4:05am | Edited 4:15am
Quoting shadowninja
It would be interesting if you can work out how to have made August a profitable month. We know it's a turning point in the direction...
August I should have been shorting the shite out of aussie but I was waiting for it to pullback up, thats what went wrong. The loss was a loss on the 31 August but if you look it turned into a win, a few days later, it was closed as a win I mean...dont really know how to record that. So basically there were no trades in August and the one I did take ended up winning. Maybe I shouldnt count that as a loss because it wasnt actually a loss now that I think about it...hmmm (dumb blonde thinking here)
wrong wrong just looked back and it was an actual loss that got recuped by the AH which was taken in August and closed in September, so how do I count that? That one brought in 170 pips I think...so if I counted it as an August trade (opened in August) it would make August look nice, and then would reduce Septembers wins...Im not bothered to be honest and -25 is such a small amount...what do you guys think? Raz
Never say never.
  • #548
  • Sep 10, 2008 4:07am Sep 10, 2008 4:07am
...at 0.8050, sl 0.8100
Never say never.
  • #549
  • Sep 10, 2008 4:38am Sep 10, 2008 4:38am
Quoting TraderZer0
Impressive results Raz. Thanks running the gauntlet and sharing your trades - takes guts imo.

Jacko's method is largely disretionary but in the hands of a good trader can yield very satisfactory results. I'm convinced.
Yeah I think if I had pushed to make long trades in August I would have really been stuffed. But watching the market make lower lows and lower highs was enough to keep me from taking any longs. Too bad it took me so long to start shorting ehhhh
Never say never.
  • #550
  • Sep 10, 2008 4:59am Sep 10, 2008 4:59am
Quoting razldazl
August I should have been shorting the shite out of aussie but I was waiting for it to pullback up, thats what went wrong. The loss was a loss on the 31 August but if you look it turned into a win, a few days later, it was closed as a win I mean...dont really know how to record that. So basically there were no trades in August and the one I did take ended up winning. Maybe I shouldnt count that as a loss because it wasnt actually a loss now that I think about it...hmmm (dumb blonde thinking here)
wrong wrong just looked back and it was an actual loss that got recuped by the AH which was taken in August and closed in September, so how do I count that? That one brought in 170 pips I think...so if I counted it as an August trade (opened in August) it would make August look nice, and then would reduce Septembers wins...Im not bothered to be honest and -25 is such a small amount...what do you guys think? Raz
I say leave it as it is. While the AH and the original are related, they are still separate trades. The AH is a new trade that has a different entry. If you only took one trade and took a 25 pip loss then that is good. You clearly were aware of the market so didn't take lots of bad trades. It was a time when a more aggressive trader (gambler?) would have given back all their profit.
The market reveals who we really are...
  • #551
  • Sep 10, 2008 6:50am Sep 10, 2008 6:50am
Quoting razldazl
...at 0.8050, sl 0.8100
Ok,
so knocked out -50 on this one, so we need to see 0.8150 so that I can place my AH order at 0.8100 again. I wont be taking any more trades until this one gets picked up. Unless of course the market goes to hell and I get in again on a retrace hehe

September total now 370-50= 320
Never say never.
  • #552
  • Sep 10, 2008 7:05am Sep 10, 2008 7:05am
what concerns me about aus/usd is that the dollar has gained so much so fast. A correction is bound to happen at some point.
  • #553
  • Sep 10, 2008 7:22am Sep 10, 2008 7:22am
Quoting c-note
what concerns me about aus/usd is that the dollar has gained so much so fast. A correction is bound to happen at some point.
Thats what stops are for. And if you wait for your AH to be picked up after a loss, rather than selling again in between, you are back in with the trend after the bounce, and you have a set entry point.
Never say never.
  • #554
  • Sep 10, 2008 8:48am Sep 10, 2008 8:48am
Yep. The other thing is that trend traders have to take advantage of times like these as this is when we make the most money.
The market reveals who we really are...
  • #555
  • Sep 10, 2008 9:04am Sep 10, 2008 9:04am
Looks like this is going to go down hard after knocking me out. Cest la vie...
Never say never.
  • #556
  • Sep 10, 2008 11:45am Sep 10, 2008 11:45am
great thread. congrats Raz for your results. I am still short from 8100. stop at BE. dont wanna trail it yet until Aussie goes out of this consolidation range.
We leave no soldier behind.
  • #557
  • Sep 10, 2008 11:47am Sep 10, 2008 11:47am
Quoting gagiul
great thread. congrats Raz for your results. I am still short from 8100. stop at BE. dont wanna trail it yet until Aussie goes out of this consolidation range.
im still in as well.hopefully in Asia we will get a break lower.
Market can stay irrational longer than you can stay solvent.
  • #558
  • Sep 10, 2008 11:53am Sep 10, 2008 11:53am
Quoting gagiul
great thread. congrats Raz for your results. I am still short from 8100. stop at BE. dont wanna trail it yet until Aussie goes out of this consolidation range.
rate cut for NZD for will drop this pair as well tonight, target is still 78 to 7600 before a sizable rebound
Don't chase the market, Let the market come to you
  • #559
  • Sep 10, 2008 11:54am Sep 10, 2008 11:54am
Why didn't you go for re-entry at 0.8100?

I couldn't play today as I had to have an MOT on my car.
The market reveals who we really are...
  • #560
  • Sep 10, 2008 12:47pm Sep 10, 2008 12:47pm
Quoting shadowninja
Why didn't you go for re-entry at 0.8100?

I couldn't play today as I had to have an MOT on my car.
Well, I have a life too, kids shoes to buy, you know, stuff like that.
Never say never.
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