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Trading Euro ONLY for Jacko Style traders

  • #101
  • Dec 16, 2008 2:52pm Dec 16, 2008 2:52pm
Quoting truckjrt
I am in long at 1.380. My thoughts are if it broke from 1.37 up to 1.38 or down to 1.36 it would ride up to 1.40 or fall to 1.30.

Anyone else in now?

Update:
Just caught a break out up to 1.3975. I tightened up my TS to just 35 pips. Can we break thru 1.40?
im still in with one lot since 1.3000 !!!! I never was 1000 pips in profit )
If these were maybe 200 contracts like Jacko trades, I would have taken a 1 year holiday. However, they are only 100$ in profit
I dont have the guts to enter now, coz I really see this move as overextended, but it still has room to go to 4100. The power of the upward push is impressive. Somebody must really hate the $ now.
Market can stay irrational longer than you can stay solvent.
  • #102
  • Dec 16, 2008 3:40pm Dec 16, 2008 3:40pm
Quoting FXBat
im still in with one lot since 1.3000 !!!! I never was 1000 pips in profit )
If these were maybe 200 contracts like Jacko trades, I would have taken a 1 year holiday. However, they are only 100$ in profit
I dont have the guts to enter now, coz I really see this move as overextended, but it still has room to go to 4100. The power of the upward push is impressive. Somebody must really hate the $ now.
Very nice with the 1000 pip run. I'm like you I'm not trusting my trading yet to live off it. I'm still in demo and will fund my account this week. but until today was having second thoughts with my demo trades breaking even. With 190+ pips in the bank, and hopefully we are out of this range trading I feel like I'm ready to make some $$$$$$.


I'm with you on being overextended, I think it has made its run and we will see it fall back to around 1.32 or 1.31. But I think the long term trend will be up! With the US gov bailing everyone out, they will start to print tons of cash and that should weaken the dollar. Lets see.
  • #103
  • Dec 16, 2008 3:42pm Dec 16, 2008 3:42pm
Quoting truckjrt
I'm with you on being overextended, I think it has made its run and we will see it fall back to around 1.32 or 1.31.
If and when it does fall, I am set up to catch it on the way down. I know its not Jacko's way but I think its set up for a good fall.
  • #104
  • Dec 17, 2008 7:31am Dec 17, 2008 7:31am
Quoting truckjrt
Very nice with the 1000 pip run. I'm like you I'm not trusting my trading yet to live off it. I'm still in demo and will fund my account this week. but until today was having second thoughts with my demo trades breaking even. With 190+ pips in the bank, and hopefully we are out of this range trading I feel like I'm ready to make some $$$$$$.


I'm with you on being overextended, I think it has made its run and we will see it fall back to around 1.32 or 1.31. But I think the long term trend will be up! With the US gov bailing everyone out, they...
wish u luck with your new account. Trade carefully since real trading is very different from demo, the psychological factor is really important.
I have no idea yet where the euro might retrace, it might be fast and strong or just very shallow...or it might even reach 4300 before any retracement. All the other crosses started already a strong retracement today, only Euro seems to be holding up really stubbornly.
Market can stay irrational longer than you can stay solvent.
  • #105
  • Dec 17, 2008 9:18am Dec 17, 2008 9:18am
damn, this is quite a hell of a ride. I entered long on more lot at will, around 4200. Now already 150+ in profit and trailing by 100 TSL.
4300 is broken so I suppose 4900 is next. This euro rally is historical, there was never ever something like that before in the euro history.
We are living historical moments and hopefully make some nice profits. I wish I had a much much bigger account now.
Market can stay irrational longer than you can stay solvent.
  • #106
  • Dec 17, 2008 10:46am Dec 17, 2008 10:46am
Quoting FXBat
damn, this is quite a hell of a ride. I entered long on more lot at will, around 4200. Now already 150+ in profit and trailing by 100 TSL.
4300 is broken so I suppose 4900 is next. This euro rally is historical, there was never ever something like that before in the euro history.
We are living historical moments and hopefully make some nice profits. I wish I had a much much bigger account now.
Ok time to take the plunge, I just funded my account and ready to make some real $$$$$.

4900 here we come.
  • #107
  • Dec 17, 2008 11:11am Dec 17, 2008 11:11am
Quoting truckjrt
Ok time to take the plunge, I just funded my account and ready to make some real $$$$$.

4900 here we come.
Congrats!

You might want to read this link.

http://www.forexfactory.com/showpost...postcount=5736

You could be right about the 1.49 but I have been in 4 trades (All Winners) the last 2 days and in long now. Because I have been running a tighter SL (50-100) than I usually do due to the rapid rise it could fall just as fast. It might take me out, I can always get back in. My trades usually last for days.
  • #108
  • Dec 18, 2008 7:21am Dec 18, 2008 7:21am
IF (And it is one HUGE if) the current trend, as short as it may be, if it were to continue.. 1.6 on 12/23/2008 (Top chart, Daily). The retreat from 1.6 down to 1.25 and back to where we are not "trends" but more of a collapse and recovery compared to trend prior (Bottom chart, Weekly). I think it might possible (1.6). Maybe. Just my 2 pips.

P.S. Missed out on the last run. Got stopped right before the run at BE.
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  • #109
  • Mar 21, 2009 7:37am Mar 21, 2009 7:37am
Anyone have their results for the last few months? Would be interesting to see.
  • #110
  • Apr 22, 2009 3:37pm Apr 22, 2009 3:37pm
Quoting mizuno
Anyone have their results for the last few months? Would be interesting to see.
I shifted from trading Jacko style to J16 PA. it is much more reliable, more exact and it requires less time, since I trade only daily charts now. I am not posting anymore on FF, just reading quietly J16 and trading.
Market can stay irrational longer than you can stay solvent.
  • #111
  • Jan 20, 2010 6:06pm Jan 20, 2010 6:06pm
Quoting FXBat
I shifted from trading Jacko style to J16 PA. it is much more reliable, more exact and it requires less time, since I trade only daily charts now. I am not posting anymore on FF, just reading quietly J16 and trading.

What a Turncoat, this guy is.

All the praise of Jacko's system, then he makes then this post.
Obviously there is nothing wrong with Jacko's system, but there is with dabblers. Next week, will it be the Jankone system or something else?
Starting to see instead of just looking.
  • #112
  • Last Post: Feb 4, 2010 9:08am Feb 4, 2010 9:08am
Quoting Rastaman
What a Turncoat, this guy is.

All the praise of Jacko's system, then he makes then this post.
Obviously there is nothing wrong with Jacko's system, but there is with dabblers. Next week, will it be the Jankone system or something else?
hey before you call me turncoat, you should check the dates of my last posts. I was trading Jackos in dec 2008, then only in april 2009 i decided to switch.

Its my own personal choice, why do you have to punish me for that?

And no, its been J16 eversince. Anyway, I dont recommend it to you, turncoat.
Market can stay irrational longer than you can stay solvent.
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