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Jacko's Forex House of Pleasure and Pain

  • #5,281
  • Sep 17, 2008 2:07pm Sep 17, 2008 2:07pm
Quoting tdion
and i would love it if jacko-style traders would start posting their results (pip totals and % gains) on the journal i created in the journal forum...

would be interesting for everyone to see, i'm sure.
if you want Jacko trades results, check Razdazl's thread. She posts there every trade she makes and until now every month has been positive, except August, where she had a loss of about -25 pips. She trades Aussie following jacko's method.
Market can stay irrational longer than you can stay solvent.
  • #5,282
  • Sep 17, 2008 10:43pm Sep 17, 2008 10:43pm
Quoting FXBat
if you want Jacko trades results, check Razdazl's thread. She posts there every trade she makes and until now every month has been positive, except August, where she had a loss of about -25 pips. She trades Aussie following jacko's method.
The jacko group blog is outstanding. Maybe it is because I am in his time zones but all my questions have been answered within 3 hours.
It is reassuring to see others in his group doing so well.
I read in the blog that some of his traders have been put into contact with brokerages that jacko deals with and they have been given jobs as prop traders. But even better is that a lot of his group are now trading fulltime. Thats what I am aiming to get to.
I have a lot to learn but I can see, as jacko says, Forex trading is the best business on the planet.
Anyone who is looking at trading forex should read the FIRST page of this thread.
  • #5,283
  • Sep 17, 2008 11:32pm Sep 17, 2008 11:32pm
you can't be promoting a business when you only have two posts....

Quoting tuguntrumpet
The jacko group blog is outstanding. Maybe it is because I am in his time zones but all my questions have been answered within 3 hours.
It is reassuring to see others in his group doing so well.
I read in the blog that some of his traders have been put into contact with brokerages that jacko deals with and they have been given jobs as prop traders. But even better is that a lot of his group are now trading fulltime. Thats what I am aiming to get to.
I have a lot to learn but I can see, as jacko says, Forex trading is the best business on the planet.
Anyone who is looking at trading forex should read the FIRST page of this thread.
  • #5,284
  • Sep 17, 2008 11:33pm Sep 17, 2008 11:33pm
yeah, that is ONE person out of the several dozen doing the method...

she was kind enough to post her results on the journal...

maybe others will follow suite.

Quoting FXBat
if you want Jacko trades results, check Razdazl's thread. She posts there every trade she makes and until now every month has been positive, except August, where she had a loss of about -25 pips. She trades Aussie following jacko's method.
  • #5,285
  • Sep 18, 2008 3:47am Sep 18, 2008 3:47am
Tdion, does it really matter? Try Jacko's approach. If you don't like it, do something else.
The market reveals who we really are...
  • #5,286
  • Sep 18, 2008 4:03am Sep 18, 2008 4:03am
Quoting tdion
you can't be promoting a business when you only have two posts....
I don't think George Soros has ANY posts.
  • #5,287
  • Sep 18, 2008 7:56am Sep 18, 2008 7:56am
i don't have an opinion about the method one way or the other. it appears to require a lot of discretion.

maybe you can post your results on the thread for everyone to see. thanks.

Quoting shadowninja
Tdion, does it really matter? Try Jacko's approach. If you don't like it, do something else.
  • #5,288
  • Sep 18, 2008 7:57am Sep 18, 2008 7:57am
i'm referring to the forex factory rules. not the real world.

Quoting Saint Stevo
I don't think George Soros has ANY posts.
  • #5,289
  • Sep 18, 2008 8:06am Sep 18, 2008 8:06am
Quoting tdion
i don't have an opinion about the method one way or the other. it appears to require a lot of discretion.

maybe you can post your results on the thread for everyone to see. thanks.
Methods and Strategies require an element of discretion.
Systems and EA's do not. That is the difference. That is also why posting the individual success or failure of a trader (who might not even follow it correctly) following this method is not therefore relevant and possibly not fair to Jacko who's discretionary powers have proven themselves over time.

Given your interest in the Jacko style. You could always apply to join us in the subscription group and you might see why this thread has such strong support for Jacko and his methods.
  • #5,290
  • Edited 9:31am Sep 18, 2008 8:49am | Edited 9:31am
Quoting tdion
i don't have an opinion about the method one way or the other. it appears to require a lot of discretion.

maybe you can post your results on the thread for everyone to see. thanks.
I would except I don't trade 100% Jacko. Sometimes I post when I have a trade that is similar to Jacko's method

I still ask why does it matter? You know it's a discretionary system. TBH I am interesting in your opinion because I understand you trade via EAs (or am I incorrect?).
The market reveals who we really are...
  • #5,291
  • Sep 18, 2008 10:55am Sep 18, 2008 10:55am
Hi tdion
could you point me in the direction of your published results, I'd be curious to see how your EA's are working out.

Cheers

Timebandit



Quoting tdion
i don't have an opinion about the method one way or the other. it appears to require a lot of discretion.

maybe you can post your results on the thread for everyone to see. thanks.
  • #5,292
  • Sep 18, 2008 6:19pm Sep 18, 2008 6:19pm
Quoting Archer
Having said that, nothing lately seems logical.

Unfortunately, Mr. Spock has left the building. Logic has left the market.

Who said: the market can remain irrational longer than you can remain solvent?

It is nowhere more true than in forex with 100:1 leverage.

That being said, the jig is up so to speak and I feel pretty confident that the Euro will begin its upward trend, actually already has. But caution is obviously needed.

Yes, the last month or so has been hard on this turtle.

I'm actually more afraid of the US economy augering in so badly that we'll end up a second-rate country. Our houses, our 401k's, our businesses will be worth much less than we planned for - very bad for all of our (Americans that is) retirement plans. Much more worrisome than the next EURUSD move and my forex "gambling".

Sad Weasel
Isolate yourself from the herd
  • #5,293
  • Sep 18, 2008 10:07pm Sep 18, 2008 10:07pm
Quoting tdion
yeah, that is ONE person out of the several dozen doing the method...

she was kind enough to post her results on the journal...

maybe others will follow suite.
g'day tdion,

I reckon you should do one of the following:

a. Post YOUR trading results (or are you a kid that doesn't trade and hangs around Forex Factory making a nuisance of yourself. From looking at some of your posts in this thread and other threads, the answer looks like you are just a kid making an arse of yourself)

b. Go to another site. www.Iamabigbaby.com (http://www.iamabigbaby.com/) would be a good one

In any case, until you post YOUR trading results, why should we show you ours. The person that matters to me, Jacko, receives copies of all my trades each week.
If you haven't been receiving copies of my trades, it must mean that you don't mattter to me
  • #5,294
  • Sep 18, 2008 10:13pm Sep 18, 2008 10:13pm
Quoting tuguntrumpet
The jacko group blog is outstanding. Maybe it is because I am in his time zones but all my questions have been answered within 3 hours.
It is reassuring to see others in his group doing so well.
I read in the blog that some of his traders have been put into contact with brokerages that jacko deals with and they have been given jobs as prop traders. But even better is that a lot of his group are now trading fulltime. Thats what I am aiming to get to.
I have a lot to learn but I can see, as jacko says, Forex trading is the best business on the planet.
Anyone who is looking at trading forex should read the FIRST page of this thread.
G'day tuguntrader

I am also a trader in Jacko's group and I am trading much better after learning from Jacko. His patience to trading and his experience has had a profound efect on my trading. It has turned me into a much more profitable trader and I am slowing down and enjoying my trading more than previously. The stress of wanting to make many trades a day is gone.
  • #5,295
  • Sep 19, 2008 7:42am Sep 19, 2008 7:42am
Hi all,
for all the traders following Jacko method, I opened a new thread where we can actually post all trades we take using Jacko method. I would like to keep it away from the BS cluttering this thread and make it as a simple, clean trading journal for all the turtles. (Since this thread is so full of non-sense, Jacko is not posting anymore).

I am a turtle myself, (new one), so I am not challenging you in any way to post your trades, but I am eager to learn along with other better than me to efficiently trade a great method.

P.S. Only pro-Jacko, serious and devoted traders are welcome. Thank you.

http://forexfactory.com/showthread.php?p=2230423#post2230423
Market can stay irrational longer than you can stay solvent.
  • #5,296
  • Sep 19, 2008 5:27pm Sep 19, 2008 5:27pm
Quoting forexweasel

Who said: the market can remain irrational longer than you can remain solvent?
John Maynard Keynes - Wikiquote (http://en.wikiquote.org/wiki/John_Maynard_Keynes)
The market can stay irrational longer than you can stay solvent. As quoted in The Politics of Public Fund Investing: How to Modify Wall Street to Fit Main ...
  • #5,297
  • Sep 20, 2008 6:11am Sep 20, 2008 6:11am
Not sure why you want to see my results, then? I'm not a Jacko apprentice nor have I ever claimed to be...

So why are you considering joining the group? I thought you were a successful trader, anyway, judging by your posts in the live trade calls thread?
The market reveals who we really are...
  • #5,298
  • Sep 20, 2008 11:53am Sep 20, 2008 11:53am
Hi,
could maybe someone help me out.

Yesterday I recognized price could go up again, but price was still ~ 1.4400, going down.
I thought I should go long when the price meets TL and also a H4-support, which could have been 1.4300 or lower.
In the end it bounces off 1.4150.

Well I set a buy stop order for 1.4300 while the price was still higher, this was a stupid idea. (entry first green circle).
The 2nd green circle was my AH-entry, also stopped out.

It would have been better to set this buy stop when the price was below the order value, right?

So what should I do, because I could not be on my computer at the time the price was at 1.4300 or lower.
Is there any order type which lets me tell (MT4) "Go Long on 1.4300, but only if price comes minimum 50 pips from below?" - that would have resulted in an entry on the big blue candle bar.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_20080919.jpg Size: 39 KB

Screenshot is H4

Lowen
  • #5,299
  • Sep 20, 2008 1:34pm Sep 20, 2008 1:34pm
Quoting Lowen
It would have been better to set this buy stop when the price was below the order value, right?

So what should I do, because I could not be on my computer at the time the price was at 1.4300 or lower.
Is there any order type which lets me tell (MT4) "Go Long on 1.4300, but only if price comes minimum 50 pips from below?" - that would have resulted in an entry on the big blue candle bar.
It wouldn't have been "better"; it would have been correct. The problem is that you'd misunderstood the way to set an AH order. Your following paragraph encapsulates exactly how it should be set. Unless you write an EA to place the order, you will have to miss out.

Re-read the first 10 posts by Jacko...
The market reveals who we really are...
  • #5,300
  • Sep 20, 2008 4:09pm Sep 20, 2008 4:09pm
tdion: I'm not in any Jacko group, but from what I can see, Jacko aren't trying to make a living out of the few hundreds that he charges, and if you feel that the $500 that you're paying, is for a "live call service", that is just very sad! I don't understand why Jacko's does it, I guess everyone's meaning of "accomplishment" is different, personally I wouldn't want to waste my time trying to teach people to make quick money off forex, while being criticised all along, from what I've seen on these forums, not many people is worth helping! The way I like to see it, if they are polite and geniunely wants help, maybe I'll give out some help when I'm free, else if they're a smartass, and they're smart enough to work it out naturally, good, otherwise they deserve to go and get a real job and help out the real economy!
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