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Jacko's Forex House of Pleasure and Pain

  • #5,441
  • Nov 14, 2008 12:07am Nov 14, 2008 12:07am
Quoting jacko
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.
Thanks for bringing this up Jacko, I was talking to my brother about this the other day. I'm not happy about this at all as no tax payer should, plus this weakens our buying power in the long run.

I just can't believe that I may live to see the U.S. possibly go through hyperinflation if the Fed keeps pumping out more worthless money (perhaps it's all by design to force something like the AMERO).

Let's not forget that the "Federal Reserve" is no more Federal than "Federal Express", but still all this power was given to them by congress...
  • #5,442
  • Nov 14, 2008 1:39am Nov 14, 2008 1:39am
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)

[color=#000099]"Nov. 10 (Bloomberg) -- [b]The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency...
Jackos blog today is profound. I am sure that he would would not mind be putting this part of his blog on here as it isn't trading related.

The big concern to me is that Bernanke is spending Trillions of Dollars (and encouraging every other country to do the same) to prevent deflation. As most of you know, his moniker of "Helicopter Ben" came about from a speech he made back in 2002 where he said that deflation is such a bad thing that he would print money and throw it from helicopters to prevent deflation. His rationale was that the Great Depression could have been prevented IF the banks had printed enough money. (by the way, that is less than 80 years ago...not that long when you think about it!)
The question that has never been raised is: What if Ben's "theory" is wrong??? And his theory of printing all this money does NOT work?? What is Plan B??
The question he has never answered is, given this huge infusion of money, how do you prevent runaway inflation, or worse, hyper-inflation like Germany in the 1920's. (by the way, that is less than 90 years ago...not that long when you think about it!)
  • #5,443
  • Nov 14, 2008 5:12am Nov 14, 2008 5:12am
Hi Jacko i'm sending attach leder

.
Quoting jacko
I am a Trend Trader

EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY;

1. buy/ sell ONLY in the direction of the major trend and
2. buy/sell on dips.(Use support lines to guide you as to price...also "round" numbers ... I also use the 50% Fib ratio..)
3. bank your profits

Firstly, how do you know what the trend is?

DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE.

1. If the graph on the chart starts in the bottom left hand corner and ends in the top...
Attached File(s)
File Type: doc jacko list #!.doc   21 KB | 1,006 downloads
  • #5,444
  • Nov 14, 2008 5:21am Nov 14, 2008 5:21am
Hi Jacko, i think im sanding e-mails wrong way!!!

Hi Mr. Jacko.

I find aut about forex 3 weeks ago,I started plain an demo accaunt,for abaut 1 week.
I lost my accaunt. So I started thinking and I made plan!.and reopen demo accaunt and second week I started making moony.
After almost two weeks I opened my “mini account” for 500$ , 1$ per pip. After 4 hours of trading and looking on computer I woos up 80$=80 pips,markiet woos mowing wery sloouly.Next day in 30-40 minuts I made 30 pips.I Woos fooling trend Euro woos falling so woos ize too due.At 8:30 there woos a news announcement in USA, at 8:36 Euro went up like crazy
In 2 minutes I lost all my profit + 200$ of mine money. I stardet tinkling tet trend has change, and from now Euro will go up. So I started betting on Euro going up bat market has turn end Euro woos going dawn Egan
And I lost all my many. I think I made mistake after taking big loos I szud stop treading for 2-3 houers,and stick to my original trend!.
NOW I hew loren not too trejd around the news!!.
After that experience I took a break and started riding on the internet about forex trading
3 days ,Friday Saturday and Sunday and I fajndaut about : support lines, resistant lines, up trend, down trend, candlesticks ,stop los .then I comap with 6 points FOREX STRATEGY !!. I deposited 640$ to my forex account with 63 $ with broker kept I hew 7003$ to start working my plan. I woos app. 80$ and after two long sessions my account is in 55$. I hew desisted to take sam professional trading curs !!!.I m also tynking about Home starry curs for 400$ Is coold Professional Options Trader Library.My broker name is questrade.com if you go to services and click an treading education you can chus different curses please let mi now witch you recommend.And kainli giwmi yours Adwaice how too treid ,or maybe you hew sam corses awelebo,
Thank you very mach Mike !



Quoting jacko
Hello,


I have received a very small number of PMs and emails regarding how I trade.

Also a number of people were saying that my posts were all over the forum and that it would be nice if they were all put in one area,so I will try to consolidate everything into one rather condensed thread.
  • #5,445
  • Nov 14, 2008 5:42am Nov 14, 2008 5:42am
P.s
Hi Agene I forgot too mention that I live in Mississauga, and work in Toronto and in looking for people
Associated with FOREX ,together is icier!


Quoting jacko
Who am I ??

I started trading Forex about a year ago. Have traded futures for much longer (15+ years?).

Started a trading journal at DailyFX in Feb 2006.(ONLY FOR PEOPLE IN LIVE TRADES-Jacko's Pleasure and Pain conversations).

http://www.learncurrencytrading.com/fxforum/showthread.php?t=2373

Lost interest there when a lot of young aggressive newbies came in.

This seems a more rational forum.

On that Forum I traded live time for about six months and, as was seen by all who followed those trades,...
  • #5,446
  • Nov 14, 2008 12:07pm Nov 14, 2008 12:07pm
$1 per pip on a $500 account is suicide. If you wanna lose money that fast get yourself a good hooker

You need to be trading a micro account at 10c a pip.

Quoting Kontraktor
Hi Jacko, i think im sanding e-mails wrong way!!!

[color=#444444][font=Tahoma]Hi Mr. Jacko.

I find aut about forex 3 weeks ago,I started plain an demo accaunt,for abaut 1 week.
I lost my accaunt. So I started thinking and I made plan!.and reopen demo accaunt and second week I started making moony.
After almost two weeks I opened my “mini account” for 500$ , 1$ per pip. After 4 hours of trading and looking on computer I woos up 80$=80 pips,markiet woos mowing wery sloouly.Next day in 30-40 minuts I made 30 pips.I Woos fooling trend Euro woos...
  • #5,447
  • Nov 15, 2008 12:56pm Nov 15, 2008 12:56pm
Aad,

I agree, BUT someone KEEPS reelecting the same politicians that got us in this mess & our newly president will have no solutions that will stop this tidal wave. Look @ how some of the same cast members behind this mess just got reelected. Kinda like asking Al Capone to help draft bank security measures. Same play, same actors.........Same results years to come.

AceTrader
  • #5,448
  • Edited 2:49pm Nov 15, 2008 2:37pm | Edited 2:49pm
Quoting Kontraktor
Hi Jacko, i think im sanding e-mails wrong way!!!

Hi Mr. Jacko.

I find aut about forex 3 weeks ago,I started plain an demo accaunt,for abaut 1 week.
I lost my accaunt. So I started thinking and I made plan!.and reopen demo accaunt and second week I started making moony.
[font=Tahoma][color=#444444]After almost two weeks I opened my “mini account” for 500$ , 1$ per pip. After 4 hours of trading and looking on computer...
could anybody pls explain me WTF was that???!!!



kontraktor:

i remind u that u can NOT talk about sites, courses, brokers, etc... until u have 100 posts minimum... those policies were at the very begining of ur sign up stage.
  • #5,449
  • Nov 16, 2008 12:46am Nov 16, 2008 12:46am
Quoting Kontraktor
To: Fxterrapin
Maybe my spelling skills are not the best, bat English is my second language
I’m living 10 years in Toronto. And I speak 4 languages so I don’t have too,speek and write perfect in every one.My English is good to win contracts and communicate with my costumers. If it badgers you don’t read my posts!. If my spelling is okay and you ken live with det you are welcome to give yours opinion on subjeckt!.I don’t sign up to forex factory to talk about my English only about my treids and to talk to adder members.
All best for you!.
Too Much of a Good Thing is .. Wonderful
  • #5,450
  • Nov 16, 2008 5:42am Nov 16, 2008 5:42am
Hello,

i trade only US open & london open,
will u guide me to choose another time that can make profit
  • #5,451
  • Nov 17, 2008 2:44am Nov 17, 2008 2:44am
Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.
The executives made the decision "because they think it's the right thing to do," Van Praag said.

http://biz.yahoo.com/ap/081116/goldman_sachs_bonuses.html


Last year, Blankfein received total compensation of $54.0 million,


Goldman's shares are down 69% since the start of the year. The firm is in the midst of cutting about 3,200 employees, or about 10 percent, of its staff worldwide.
  • #5,452
  • Nov 17, 2008 5:09am Nov 17, 2008 5:09am
Quoting Lou
Too Much of a Good Thing is .. Wonderful

Well I’m back on demo I I’m making money egene I made 85 pips today .Now I’m watching Euro trying to brake resistance line at 1.26960 then I desite what too due
  • #5,453
  • Nov 17, 2008 6:45am Nov 17, 2008 6:45am
Quoting Kontraktor
Well I’m back on demo I I’m making money egene I made 85 pips today .Now I’m watching Euro trying to brake resistance line at 1.26960 then I desite what too due
Can you explain how you are using the Jacko principles here?

This thread should be reserved for a discussion of those principles and strategies
"Money is easy to make, but hard to keep" - FWV 1975
  • #5,454
  • Nov 17, 2008 8:06am Nov 17, 2008 8:06am
Quoting newbietrader101
Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.
The executives made the decision "because they think it's the right thing to do," Van Praag said.

http://biz.yahoo.com/ap/081116/goldman_sachs_bonuses.html


Last year, Blankfein received total compensation of $54.0 million,


Goldman's shares are down 69% since the start of the year. The firm is in the midst...
I was at GS last friday and let me tell you what, people are not happy there. They're looking at another 5% before January. The franchise is doing poorly, their prop team can't find counter party to trade with. It's tough times ahead.
.
  • #5,455
  • Edited 9:50am Nov 17, 2008 8:53am | Edited 9:50am
Quoting newbietrader101
Goldman Sachs Group Inc. CEO Lloyd Blankfein and six other top executives at the bank will not be receiving cash or stock bonuses for 2008, a spokesman said Sunday.
The executives made the decision "because they think it's the right thing to do," Van Praag said. ...
Didn't they accept bailout money? wasn't part of that deal that they then could NOT receive their big bonuses?
I could be wwwwrong about that but I thought it was part of the deal.
Same Whore .... Different Dress
  • #5,456
  • Nov 17, 2008 11:19am Nov 17, 2008 11:19am
Quoting bjohn34
Can you explain how you are using the Jacko principles here?

This thread should be reserved for a discussion of those principles and strategies

Hi if I’m doing samting wrong please inform me .I ’m new on this side and I don’t now haw to used et correctly and were I’m aloud to post my opinions, or start conwersations.If samone can guide me he is welcome. Than you
  • #5,457
  • Nov 17, 2008 11:41am Nov 17, 2008 11:41am
Quoting Kontraktor
Hi if I’m doing samting wrong please inform me .I ’m new on this side and I don’t now haw to used et correctly and were I’m aloud to post my opinions, or start conwersations.If samone can guide me he is welcome. Than you
Kontraktor,

I would like to assume that you have read the beginning of this thread, but if not, BarryPips did a very good job of compiling the beginning of this thread in a pdf file (below). If there is still a language barrier to reading the file, you can translate it here.

http://translate.google.com/translate_t#

Just copy all text and paste in the box then translate.

Jacko's Trading
Compiled by BarryPips
http://www.forexfactory.com/attachment.php?attachmentid=129867&d=Jul%2013,%202008%208:50am


The file below should help you with getting the idea for a correct order size.

Order Size Calculator
http://www.forexfactory.com/attachment.php?attachmentid=133609&d=Jul%2026,%202008%207:44am

Please read the file and then if you have questions about Jacko's Trading, post them here and someone will help you.

Happy reading!
  • #5,458
  • Nov 17, 2008 1:02pm Nov 17, 2008 1:02pm
Fx_Genius...... your a gentleman and a scholar.
Same Whore .... Different Dress
  • #5,459
  • Nov 17, 2008 2:09pm Nov 17, 2008 2:09pm
Quoting johnedoe
Fx_Genius...... your a gentleman and a scholar.
Thanks, but...
You don't know me very well do you??

BS, (Bull *) MS, (More *) PHD (Piled High and Deep) from the school of hard knocks.:nerd:
  • #5,460
  • Nov 17, 2008 3:00pm Nov 17, 2008 3:00pm
Yeah I know but I was trying to give you a break.......
Same Whore .... Different Dress
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