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Jacko's Forex House of Pleasure and Pain

  • #5,741
  • Dec 18, 2008 4:12pm Dec 18, 2008 4:12pm
  •  Kokan
  • | Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts
Quoting DanUK
It has been a wild ride up! I think you can get a bit gun-shy when the market moves so quickly but that can mean missing out on a great opportunity!

I would be interested to know if/how people have been entering the market with such upward momentum (keeping inline with Jacko's strategy). Like you said - the retracements have been minor but they have been there. I am personally a big fan of the round numbers and if you watch how price has interacted with them on this big ride you can see clear areas of support and resistance which I have used to...
I have been waiting for someone with more experience to answer to this question but since there is none I will answer.

We do not wait for or follow his calls. We trade what we are used to.
Personally I use pivot points and fibo levels. Some of us use trend lines tradind brakeouts, but we all enjoy reading his comments about market which are wery useful.
As for Jacko, he is patient and consistent in inplementing his rules and strategy, and wery, wery cautios when to enter to an trade.

Best regards.
  • #5,742
  • Dec 18, 2008 6:21pm Dec 18, 2008 6:21pm
Quoting psyber85
i concur. if we sit down here waiting looking at the price rise like poo but we're still at the sidelines not jumping in with the trend, we're ridiculing ourselves as 'trend traders' isnt it?
look at the price action and all that time the Jacko followers are sitting on their hands.

if circumstances warrant it, I believe that we need to trade another system until the market quietens down and Jacko`s system can be used again.

has anybody an idea what good system available on FF could be traded for this breakout and has done so?

any experiences much appreciated

thanks
  • #5,743
  • Dec 18, 2008 8:30pm Dec 18, 2008 8:30pm
Gday Yonnie

I have something that might be of interest to you. Not a system but something that could be of help. What is the way to contact you? This would only be of assistance to anyone in Australia and it's not some wizz bang new system so don't get too excited everyone. I just can't pm Yonnie so i have to do it here.

cheers
  • #5,744
  • Dec 18, 2008 10:21pm Dec 18, 2008 10:21pm
Quoting acetrader
MR KISS,

Time to trade what u see. Welcome to trading class 101 in December. Now, this time of yr is not the time to trade.....even the PROS (Bank Traders & Fund traders etc) are scalling down their trading & closing books for the yr. There is low volume, hence wild chops & swings as you expericenced.

It is like trading in "THE LAND OF OZ"......what is real, what is not?

This type of Chaos will be seen until after January 1, 2009 & even then it can be choppy for several days until the trading desk are restaffed.
Yup I agree, and come sometime in January we will see the EurUsd's true colors...
  • #5,745
  • Dec 19, 2008 12:33pm Dec 19, 2008 12:33pm
zorroz, you can PM me.........thanks
  • #5,746
  • Dec 19, 2008 1:59pm Dec 19, 2008 1:59pm
Quoting yonnie
look at the price action and all that time the Jacko followers are sitting on their hands.

if circumstances warrant it, I believe that we need to trade another system until the market quietens down and Jacko`s system can be used again.

has anybody an idea what good system available on FF could be traded for this breakout and has done so?

any experiences much appreciated

thanks
James16
  • #5,747
  • Dec 19, 2008 4:29pm Dec 19, 2008 4:29pm
Quoting willf
James16
what did you see, where did you get in and why and how did it work out?

thanks
  • #5,748
  • Dec 19, 2008 6:29pm Dec 19, 2008 6:29pm
Quoting willf
James16
G'day Willf

As a Jacko member I have made more money than I have ever thought possible.
When I joined Jacko's group, he mailed me and said that he was not a signal service and that he has a responsibility to new traders to help them get started and help them not lose their money.
I do not rely only on following his trades and treating him as a signal service. I ALWAYS take his trades because he has a proven and almost guaranteed winning and profit rate.
But I also am using his training to be an independent trader. I always read his blog to see what his directions are for the Euro because he has an uncanny ability to know where iit is heading. I trade more often than him but I use his blog for the direction of where the market will. He is the biggest trader I know of and I am incredibly excited that I am one of his turtles


http://www.forexfactory.com/showpost.php?p=2081002&postcount=4234
  • #5,749
  • Dec 19, 2008 7:08pm Dec 19, 2008 7:08pm
Quoting forexfixer
G'day Willf

As a Jacko member I have made more money than I have ever thought possible.
When I joined Jacko's group, he mailed me and said that he was not a signal service and that he has a responsibility to new traders to help them get started and help them not lose their money.
I do not rely only on following his trades and treating him as a signal service. I ALWAYS take his trades because he has a proven and almost guaranteed winning and profit rate.
But I also am using his training to be an independent trader. I always read his...
Just curious. Have you tried writing down your own conclusions as to where the market was going and why? Then after writing, looking at what Jacko has to say. Then seeing if you were in agreement with him. (That is why the writing down is important). AND THEN seeing what the market does. This can help you become more self reliant and help you become your own trading guru.
  • #5,750
  • Dec 19, 2008 7:34pm Dec 19, 2008 7:34pm
Hey forexfixer, any chance you can pm me. Tried to pm or email you but no joy. I just joined Jacko less then a month ago.
  • #5,751
  • Dec 19, 2008 7:35pm Dec 19, 2008 7:35pm
Quoting Lou
Just curious. Have you tried writing down your own conclusions as to where the market was going and why? Then after writing, looking at what Jacko has to say. Then seeing if you were in agreement with him. (That is why the writing down is important). AND THEN seeing what the market does. This can help you become more self reliant and help you become your own trading guru.
Actually, this is what I have been doing and you are correct in the learning opportunity it presents.
  • #5,752
  • Dec 20, 2008 12:17am Dec 20, 2008 12:17am
Quoting forexfixer
G'day Willf

As a Jacko member I have made more money than I have ever thought possible.
When I joined Jacko's group, he mailed me and said that he was not a signal service and that he has a responsibility to new traders to help them get started and help them not lose their money.
I do not rely only on following his trades and treating him as a signal service. I ALWAYS take his trades because he has a proven and almost guaranteed winning and profit rate.
But I also am using his training to be an independent trader. I always read his blog...
I agree. I was reffered to Jacko by my broker after pestering them for a month to let me contact a successful trader. I offered him money to put me in contact with the most successful client of the brokerage.
Jacko was open and receptive to all my questions and emails before joining his group. Since joining his turtles and reading his blog, I have 180 degree changed my style of trading. I went right back to basics. He seems to have a crystal ball that tells him where the market is heading. His picking of the direction and turning points is better than anyone else I have read.
  • #5,753
  • Dec 20, 2008 3:58am Dec 20, 2008 3:58am
It would be nice if people who do not follow Jackos style and are too impatient to sit on their hands and wait for opportunities, would start another thread somewhere else and stop polluting this thread. Digressions from the Jacko type of trade means the rest of us have to wade through pointless posts that do not advance learning by example of the Jacko style of trading.

So come on Mods. - clean this thread up please.
every Saint has a past. Every Sinner has a Future
  • #5,754
  • Dec 20, 2008 5:16am Dec 20, 2008 5:16am
Quoting forexfixer
G'day Willf

As a Jacko member I have made more money than I have ever thought possible.
When I joined Jacko's group, he mailed me and said that he was not a signal service and that he has a responsibility to new traders to help them get started and help them not lose their money.
I do not rely only on following his trades and treating him as a signal service. I ALWAYS take his trades because he has a proven and almost guaranteed winning and profit rate.
But I also am using his training to be an independent trader. I always read his blog...
He is the biggest and best trader on the forum. It is awesome to watch him. If any one els is trading 200+ big standerd lots of the Euro/usd at a time for his own account AND another whole bunch of lots for Marks investors then pleese step forwerd and introduse yourself .
  • #5,755
  • Dec 20, 2008 5:44am Dec 20, 2008 5:44am
Quoting turnip15
It would be nice if people who do not follow Jackos style and are too impatient to sit on their hands and wait for opportunities, would start another thread somewhere else and stop polluting this thread. Digressions from the Jacko type of trade means the rest of us have to wade through pointless posts that do not advance learning by example of the Jacko style of trading.

So come on Mods. - clean this thread up please.
Jacko trades more than he puts on his blog. but he puts the safest trades on the blog. Most of the group are new traders and he would kill himself befor leeding them into a loser trades or or a bunch of losses with drawdown. And jacko is a medium term trader. he won't even look at a chart under 1H. So if some jerk is talking thru his arse about Jackos trades then he is talking thru his arse. He sees this as a life long biziness and works that we will all do this for the rest of our lives, when ever, where ever we want.
  • #5,756
  • Dec 20, 2008 5:45am Dec 20, 2008 5:45am
Quoting forexfixer
G'day Willf

As a Jacko member I have made more money than I have ever thought possible.
When I joined Jacko's group, he mailed me and said that he was not a signal service and that he has a responsibility to new traders to help them get started and help them not lose their money.
I do not rely only on following his trades and treating him as a signal service. I ALWAYS take his trades because he has a proven and almost guaranteed winning and profit rate.
But I also am using his training to be an independent trader. I always read his blog...
And your point is? Seems that if you have to take his advice on direction then you would be stuffed if he was not there.
  • #5,757
  • Dec 20, 2008 6:24am Dec 20, 2008 6:24am
Quoting willf
And your point is? Seems that if you have to take his advice on direction then you would be stuffed if he was not there.
http://www.forexfactory.com/showpost...0&postcount=11 (http://www.forexfactory.com/showpost.php?p=2422490&postcount=11)


'Seems like you are gunning for an argument. What's the problem?' Willf
  • #5,758
  • Dec 20, 2008 6:31am Dec 20, 2008 6:31am
Quoting newbietrader101
http://www.forexfactory.com/showpost.php?p=2422490&postcount=11


'Seems like you are gunning for an argument. What's the problem?' Willf
No problem here? I think Jacko's system is great. My original response was to Yonnie's question (http://www.forexfactory.com/showthread.php?p=2429598#post2429598) about a system that would have caught the breakout on EURUSD.
  • #5,759
  • Dec 20, 2008 6:32am Dec 20, 2008 6:32am
The reason for why am I Jacko's member since biginning.

I read this thread all the way,
http://www.forexfactory.com/showthread.php?t=27286

and I fond this thread which is live traded by jacko since he started forex,
http://www.learncurrencytrading.com/fxforum/archived-discussions/2373-only-people-live-trades-jackos-pleasure-pain-conversations.html

And whenever I asked him questions, he replies all the questions answer promply and honestly, so I got very impressd with, apart from that I read several other threads from couple of forums all of them were big mouth which is like for to make money from newbies.

I am doing live trading since 2 years and I was 40% minus 1st year, now after one year been being jacko's member I am pretty good ahead, I got back all my lost, I had a 60% ahead last october but I lose again in November because I don't have passion which jacko has, I traded my style all the currencey which Jacko doesn't recomend. And big mistake was I didn't have Stop loss. Which is I have not told to Jacko.

Read Jacko's live trading thread link above in Dailyfx forum, you don't have to read all just read Jacko's post only and then you will know how was his trading style and how he started, and also what was his bigest drawdown.

That's all I have to say.
  • #5,760
  • Dec 20, 2008 7:34am Dec 20, 2008 7:34am
Quoting willf
And your point is? Seems that if you have to take his advice on direction then you would be stuffed if he was not there.
But he is there. Why wouldn't I take advantage of his uncanny trading skills?
I am learning to become more independent, but his skill and experience is years ahead of mine.
And he is the best trader with a proven record on this forum and the DailyFX forum where he was proven to be a sensational trader.
Being part of his group has been a phenomonal experience for me and my trading.
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