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Jacko's Forex House of Pleasure and Pain

  • #5,461
  • Nov 17, 2008 1:08pm Nov 17, 2008 1:08pm
Quoting johnedoe
Yeah I know but I was trying to give you a break.......
I'll take any break I can get!
  • #5,462
  • Nov 17, 2008 5:17pm Nov 17, 2008 5:17pm
Quoting acetrader
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
I also agree with what you're saying. Sadly It's probably just all by design and we just think we actually have a choice or say in such matters...
  • #5,463
  • Nov 17, 2008 9:25pm Nov 17, 2008 9:25pm
Quoting acetrader
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

Peter Schiff predicts doomed economy under Obama


http://www.youtube.com/watch?v=sMdF1CiQAkA
  • #5,464
  • Edited 1:20am Nov 18, 2008 12:29am | Edited 1:20am
Quoting sonicdeejay
Peter Schiff predicts doomed economy under Obama


http://www.youtube.com/watch?v=sMdF1CiQAkA
Peter Schiff has been right on a lot of these issues just like Ron Paul has been saying for probably a decade, but we all know who got elected in the end.

Anyways I'll stop talking about this as to not turn this thread into a political issue. Thanks for the video link Sonic...

http://ca.youtube.com/watch?v=LX2DgN1VYgQ (http://ca.youtube.com/watch?v=LX2DgN1VYgQ&feature=related)

http://video.google.com/videoplay?docid=5232639329002339531
  • #5,465
  • Nov 18, 2008 3:19am Nov 18, 2008 3:19am

ZERO INTERSET RATE IN 2009

According to my thought 2009 will be interset free year for Global Economy or for Major Economies will cut rate and bring its interset rate at Zero percentage (0%) and we can call them Interset free Economies like USA,UK,EURO(E-15) ,Japan,Swiss and Australia alll bring thier Interset rate at 0% and according to my thought Financial Losses will be reached at $1.70T and more losses now in diffrent filed and now European Economy in Reccission they have been accepted it now i think ECB must be cut 1% point and bring more relife for its E-15 Economies that will be time to sell Euro for 1.000 or 0.8000 and Pound sell for 1.1000 , CHF sell for 1.5000 and yen sell for 125.00 and get enjoy for long selling ,Due to cooling economies or in Reccission ,Financial crisis, Banking System fail ,Raisind unemployment ,Shutting lot of Production unit due to Spending cut house hold and mostly Companies now after failing Banking industries all over the world people loss confidance on Banking arm and they have money but dont know where will be invest due to fail banking industries and loosing confidance one another and they dont have any trust in market and banking system .Stock Exchnage still fall every day no any announcement from Govt. or from Centrel Banks can sporrt at that time ,Manufacturing drop every month and order also contribute in falling production.
  • #5,466
  • Nov 18, 2008 3:26am Nov 18, 2008 3:26am
My 4 hour chart. Looking to go short at 2.700, 1.2600 is the target. 50 pip SL. Would A-H come into play if it gets to 2.800?

http://www.forexfactory.com/attachment.php?attachmentid=171271&stc=1&d=1227007350
Attached Image (click to enlarge)
Click to Enlarge Name: eurofx dblhc bobv3.gif Size: 28 KB
  • #5,467
  • Nov 18, 2008 6:21am Nov 18, 2008 6:21am
What happened to the Jacko thread which used to discuss "Jacko" type price action?

So lets keep on topic and leave discussions on non Jacko topics for another thread.

Or maybe close the thread if, as it seems, appears to be exhausted.

Maybe the Moderators have fallen asleep on the bridge
every Saint has a past. Every Sinner has a Future
  • #5,468
  • Nov 18, 2008 7:21am Nov 18, 2008 7:21am
Quoting forexben
My 4 hour chart. Looking to go short at 2.700, 1.2600 is the target. 50 pip SL. Would A-H come into play if it gets to 2.800?

http://www.forexfactory.com/attachment.php?attachmentid=171271&stc=1&d=1227007350
Hi, yes it would. As you would be stopped at 750, 800 would have the 50pips move away from the SL and the AH would come into play.
With the recent volatility, 50pips stop it's more likely to get hit often, but i think you got the strategy right except the TP, Jacko would leave the trailing stop 50/100 pips depends on volatility and no TP
  • #5,469
  • Nov 19, 2008 8:16pm Nov 19, 2008 8:16pm
An awesome display of trading by Jacko on his blog last night and this morning.
In at 2775 and out at 2510 for a 265 pip profit. A most remarkable trader to watch in action and read his thoughts as he is trading.
He truley is a gifted trader. One of the very best.
  • #5,470
  • Nov 19, 2008 9:19pm Nov 19, 2008 9:19pm
Quoting wattawatta
An awesome display of trading by Jacko on his blog last night and this morning.
In at 2775 and out at 2510 for a 265 pip profit. A most remarkable trader to watch in action and read his thoughts as he is trading.
He truley is a gifted trader. One of the very best.

what is the address for his blog?
  • #5,471
  • Nov 20, 2008 12:55am Nov 20, 2008 12:55am
Quoting wattawatta
An awesome display of trading by Jacko on his blog last night and this morning.
In at 2775 and out at 2510 for a 265 pip profit. A most remarkable trader to watch in action and read his thoughts as he is trading.
He truley is a gifted trader. One of the very best.
Hi,

This is my first ever post on FF so I just wanted to say hi and I think this is a great method . I have incorporated Jacko's style into my own trading, especially his AH technique which is an excellent tool when applied properly. I do have a question though... why did Jacko take a 265 pip profit in that trade? Did he have a defined profit target or did he get stopped out with a trailing stop? The reason I ask is because I took a similar trade last night with a 100 pip ts and got stopped out for just under 200 pips?

Thanks all!
  • #5,472
  • Nov 20, 2008 1:18am Nov 20, 2008 1:18am
Quoting wattawatta
An awesome display of trading by Jacko on his blog last night and this morning.
In at 2775 and out at 2510 for a 265 pip profit. A most remarkable trader to watch in action and read his thoughts as he is trading.
He truley is a gifted trader. One of the very best.

Hear Hear!

AH got me out of a couple of hot situations on other trades too...so yes..

I like him

DAN UK - if I recall correctly he said something to the tune of..."I finally decided to take my money and run" - and have a relaxing breakfast having seen that it was probably at the end of the run.

Cheers.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #5,473
  • Nov 20, 2008 1:46am Nov 20, 2008 1:46am
Quoting KudzuFX
what is the address for his blog?
Kudzu, check the very first post of this thread and check out the link in Jacko's signature.

M
  • #5,474
  • Nov 20, 2008 3:11am Nov 20, 2008 3:11am
Jacko rocks
  • #5,475
  • Nov 20, 2008 5:26am Nov 20, 2008 5:26am
Quoting coscorp
Hear Hear!

AH got me out of a couple of hot situations on other trades too...so yes..

I like him

DAN UK - if I recall correctly he said something to the tune of..."I finally decided to take my money and run" - and have a relaxing breakfast having seen that it was probably at the end of the run.

Cheers.
Ah i see, i guess once you are as in tune with the market as Jacko seems to be you get a feel for that sort of thing.

I know it's not strictly Jacko as it was GU not EU but i just got stopped out of a similar trade for +245 pips which is a total of +445 pips (including yesterday's 200 on EUR) for the last two days using Jacko's strategies in my own trading so i'm very pleased with that!

Thanks Jacko!
  • #5,476
  • Nov 20, 2008 10:04am Nov 20, 2008 10:04am
I'm trying to look ahead a bit. On the 4H chart, I get the fib of the last swing high/low, the closest round number at 50% is 1.2650.

The major trend has been down, so we would place a sell limit here.

The only doubts I have are the fact that the day chart shows ranging since the beginning of november. However this could still be a continuation, more than likely.

What are everyone elses thoughts on this?
Attached Image (click to enlarge)
Click to Enlarge Name: eur2650.gif Size: 15 KB
  • #5,477
  • Edited 2:37am Nov 21, 2008 1:47am | Edited 2:37am
Quoting Delfino
I'm trying to look ahead a bit. On the 4H chart, I get the fib of the last swing high/low, the closest round number at 50% is 1.2650.

The major trend has been down, so we would place a sell limit here.

The only doubts I have are the fact that the day chart shows ranging since the beginning of november. However this could still be a continuation, more than likely.

What are everyone elses thoughts on this?
I must admit I prefer to trade off of daily’s but with the current market volatility I am finding entries off of 4H charts to be quite successful.

I would have to agree - I have been thinking about a sell at 1.2650 as it's been used as support and resistance historically and has been used as support on the daily’s - so will it hold up as resistance now? It is also close to the 50% of the recent move downwards and I believe that the EUR is going to keep moving down at the moment so I’m with you on this one! I could be wwwwwrong as Jacko would say!

Anyone else have any thoughts on this?

Regards,


Dan

UPDATE: Got in early at 1.2600 because of current price action... hope it wasn't too early!!
  • #5,478
  • Nov 21, 2008 6:03am Nov 21, 2008 6:03am
u did great to enter at 1.26
it missed the 12650 for 14 pips or so

Quoting DanUK
I must admit I prefer to trade off of daily’s but with the current market volatility I am finding entries off of 4H charts to be quite successful.

[color=black]I would have to agree - I have been thinking about a sell at 1.2650 as it's been used as support and resistance historically and has been used as support on the daily’s - so will it hold up as resistance now? It is also close to the 50% of the recent move downwards and I believe that the EUR is going to keep moving down at the moment so I’m with you on this one! I...
  • #5,479
  • Nov 21, 2008 6:12am Nov 21, 2008 6:12am
I see it just missed my target entry by 13 pips, but price action still shows prices moving up so it just might hit my entry still. But being so close to the end of the week not sure.

I'll keep the pending order open and see what happens.
  • #5,480
  • Nov 21, 2008 6:22am Nov 21, 2008 6:22am
Guys, do any of you trade on oanda? If so, are you having to manually change all trailing stop losses? Is there a better way to do this?
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