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Jacko's Forex House of Pleasure and Pain

  • #5,421
  • Oct 30, 2008 12:43am Oct 30, 2008 12:43am
The Euro has been traded above 1.32 now after rate cut. Does everyone agree the down trend has done already ? But fundamentally there are two more news should be watch: US Prelim GDP and ECB rate cut. Comments?
  • #5,422
  • Nov 2, 2008 6:35pm Nov 2, 2008 6:35pm
Just curious if the members of Jacko's trading group receive personal reply when they send inquiry emails to Jacko or Jacko just put the reply to his blog?
  • #5,423
  • Nov 3, 2008 4:09pm Nov 3, 2008 4:09pm
Jacko usually responds within 24 hours. There are times he may take a little longer but typically he lets you know in advance(I will be traveling this week and may have limited internet access, etc,etc.) He really is quite remarkable. I think he enjoys helping others. I know he has helped me.
  • #5,424
  • Nov 3, 2008 5:22pm Nov 3, 2008 5:22pm
fxbillie;
Yes, Jacko does reply to personal emails withing 24 hours. The emails he posts on his blog are selected ones.
  • #5,425
  • Nov 5, 2008 1:49pm Nov 5, 2008 1:49pm
Hey folks,

I'm not new to FF but only recently started reading this thread. I'm just on page 20!!

What is currently considered to be the Main Trend of the EUR/USD?

Thanks!!!
  • #5,426
  • Nov 5, 2008 3:36pm Nov 5, 2008 3:36pm
Quoting trueblueTEX
Hey folks,

I'm not new to FF but only recently started reading this thread. I'm just on page 20!!

What is currently considered to be the Main Trend of the EUR/USD?

Thanks!!!
If you made it to post 20 without establishing this go back and start again. In case you miss it this is the post you need to pay real attention to http://www.forexfactory.com/showpost.php?p=1425750&postcount=4
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB
  • #5,427
  • Nov 5, 2008 9:07pm Nov 5, 2008 9:07pm
Thanks Wilf,

down is what I thought. Just wanted corroboration.
  • #5,428
  • Nov 6, 2008 8:38am Nov 6, 2008 8:38am
Its in downtrend
Quoting trueblueTEX
Hey folks,

I'm not new to FF but only recently started reading this thread. I'm just on page 20!!

What is currently considered to be the Main Trend of the EUR/USD?

Thanks!!!
  • #5,429
  • Nov 10, 2008 5:45pm Nov 10, 2008 5:45pm
So what's the opinion at the moment? I am assuming anyone trading Jacko's style is looking to short EURUSD but from where at the moment? Market seems a bit indecisive the past few days.
  • #5,430
  • Nov 10, 2008 5:52pm Nov 10, 2008 5:52pm
Quoting willf
So what's the opinion at the moment? I am assuming anyone trading Jacko's style is looking to short EURUSD but from where at the moment? Market seems a bit indecisive the past few days.
FWIW I put in a buy stop at 1.3290 today . . . if it fills, it will have hit bottom and on its way back up
  • #5,431
  • Nov 10, 2008 6:42pm Nov 10, 2008 6:42pm
Quoting LongToBeFree
FWIW I put in a buy stop at 1.3290 today . . . if it fills, it will have hit bottom and on its way back up
I see your reasoning behind that but it seems a long way off the current price.

Presumably you think the current trendline from the bottom has been tested and are looking for a break up from here then?
  • #5,432
  • Nov 10, 2008 7:28pm Nov 10, 2008 7:28pm
Quoting willf
I see your reasoning behind that but it seems a long way off the current price.

Presumably you think the current trendline from the bottom has been tested and are looking for a break up from here then?
Indeed. There's been enough touches at the resistance level where it might start to come back IMO.

It IS a far way off, but I'm still a newbie learning, so I'm taking my time. I'm using Jacko's strategies along with the stuff in the rookie post by PeteFM. He posts about never using a market order because it keeps you out of bad trades. So, in this case, if my Buy Stop fills, then I'm good to go. Yes, I'll miss a few pips, but the order will be self-confirming - if I'm wrong, it will never fill which means that I don't lose.
  • #5,433
  • Nov 11, 2008 9:36pm Nov 11, 2008 9:36pm
In one of the most disturbing articles I have seen for many years is this article on Bloombergs yesterday about how the Fed has refused to identify the recipients of $2 TRILLION in loans.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide (http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide)

"Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.


We have what appears to be non-elected officials (The Fed) handing out $2 TRILLION without Congressional approval and apparently, without any Congressional knowledge or debate.
In addition, when asked by the media (Bloombergs) as to the identity, the Fed has refused to answer. Bloombergs has requested details under the Freedom of Information Act and filed a Federal lawsuit seeking to force disclosure

This is starting to reveal the real depth of the financial crisis looming in front of us.


.
  • #5,434
  • Nov 11, 2008 9:45pm Nov 11, 2008 9:45pm
Quoting jacko
In one of the most disturbing articles I have seen for many years is this article on Bloombergs yesterday about how the Fed has refused to identify the recipients of $2 TRILLION in loans.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide (http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide)

"Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman [color=#000099]Ben...

It was the promise of transparency that convinced some of the more naive congressmen to vote in favor of this fraud. Unfortunately, my congressman was one of them.
  • #5,435
  • Nov 11, 2008 9:47pm Nov 11, 2008 9:47pm
What a bomb. Hopefully the election helps to reveal more of the causes on this crisis, and helps to find out a resolution about it.
  • #5,436
  • Nov 12, 2008 1:11am Nov 12, 2008 1:11am
Quoting KissFan
It was the promise of transparency that convinced some of the more naive congressmen to vote in favor of this fraud. Unfortunately, my congressman was one of them.
The article says that this $2 Trillion is separate, and additional to, the $700 Billion that Congress voted on.
The Congress didnt discuss it or vote on it.
Scary sh*t. What is the Fed doing?
  • #5,437
  • Nov 12, 2008 8:52am Nov 12, 2008 8:52am
Quoting jacko
In one of the most disturbing articles I have seen for many years is this article on Bloombergs yesterday about how the Fed has refused to identify the recipients of $2 TRILLION in loans.

.
Jacko Check out this blog.. Its sole purpose it to bring transparency to the Bailout.

bailoutsleuth.com (http://bailoutsleuth.com/)
  • #5,438
  • Nov 12, 2008 7:08pm Nov 12, 2008 7:08pm
Man Jacko's a legend.

Gr8 thread

Was wondering if anyone lnows what size account Jackson started out with and what his total return (net percentage) has been so far.

Thanks
  • #5,439
  • Nov 12, 2008 7:19pm Nov 12, 2008 7:19pm
Quoting fugly
Man Jacko's a legend.

Gr8 thread

Was wondering if anyone lnows what size account Jackson started out with and what his total return (net percentage) has been so far.

Thanks
check out his blog at waynejacksonfx.blogspot.com I believe he still has the info on how he got started with 300k, made an initial 3k profit and never touched the principal again
Trade what you see, not what you think.
  • #5,440
  • Nov 12, 2008 8:13pm Nov 12, 2008 8:13pm
I have to admit I’ve never heard about this waynejacksofx, however I found it really interesting to know about someone who made an small investment and just developed a pretty good strategy, it seems he now has some advises that can make our trading more simple, so I will be applying this method and hopefully I become a trend trader myself.
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