Jacko's Forex House of Pleasure and Pain | Page 292 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #5,821
  • Jan 6, 2009 5:43am Jan 6, 2009 5:43am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I saw it refused to going down, by looking into M5, jump into the water once seeing a breakout the trendline. it was too earlier, too aggressive, but, it seems paying off a little bit now. will see if it may hit the profit target.

Sorry, Jacko, for posting these. but, basically I am following your strategy except the 50% rule
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd_rallying.gif Size: 19 KB
  • #5,822
  • Jan 7, 2009 12:57am Jan 7, 2009 12:57am
Hi Krue;

So, you entered Long? Yes euraud gave me a hard time too yesterday when i entered short at 1,8732 and gave me a scare, but eventually it moved down to my target at 1.8688. BTW, for me this was not a Jacko style trade.
  • #5,823
  • Jan 7, 2009 1:09am Jan 7, 2009 1:09am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
seboileroom

Yes, I went long, I took my profit at 1.340, intially my target was 1.3500, was whipsawed by psycho intervention. now, it is near 1.3600. I could not play it aggressive as I think that play is a contra trend. I will be waiting a short opportunity near 1.3700 for an intermediate riding, if not breaking the down trendline there (TF H4).

Cheers




Quoting seboileroom
Hi Krue;

So, you entered Long? Yes euraud gave me a hard time too yesterday when i entered short at 1,8732 and gave me a scare, but eventually it moved down to my target at 1.8688. BTW, for me this was not a Jacko style trade.
  • #5,824
  • Jan 7, 2009 6:05am Jan 7, 2009 6:05am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I entered sell short at 1.3700. again, too early, thought how much more risk I may involve. will see if I be correct again. I knew too much unnecessary exposure. but, I would like to put it tested what the entry point isn't that important comparing how one manages a trade.
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  • #5,825
  • Jan 7, 2009 6:10am Jan 7, 2009 6:10am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
oops, eventually I saw price action in my favor. I guess I am a lucky man. probably I endured too much patience along its way up till my setup level, can not help jumping into the trade. that's really unnecessary. hope could improve on this, it's been my weak area, not for sure if really could have improvement on this. in any case, I am in the money by 20 pips now
Attached Image (click to enlarge)
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  • #5,826
  • Jan 7, 2009 7:02am Jan 7, 2009 7:02am
5 minute timeframe?
  • #5,827
  • Jan 7, 2009 9:00am Jan 7, 2009 9:00am
Quoting msc
5 minute timeframe?
Nooooooo, don't do it!
  • #5,828
  • Jan 8, 2009 12:10am Jan 8, 2009 12:10am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
anyone has any view about EU? it seems indirectional for a while. I'd better close the short postion for now, still a couple of decent pips.
  • #5,829
  • Jan 8, 2009 1:54am Jan 8, 2009 1:54am
Quoting krue
anyone has any view about EU? it seems indirectional for a while. I'd better close the short postion for now, still a couple of decent pips.
Hoping for either a last run-up for a selling opportunity(around 1.3820), or a considerable drop for a buy entry(around 1.3050).
  • #5,830
  • Jan 8, 2009 2:44am Jan 8, 2009 2:44am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
hummmm, I'd favor a continuation formation for the moment
  • #5,831
  • Jan 8, 2009 7:14am Jan 8, 2009 7:14am
Missed my sell entry by 20 pips. Not sure if the chance will be back.
  • #5,832
  • Jan 8, 2009 7:38am Jan 8, 2009 7:38am
what was your planned sell entry?
1.3820?
  • #5,833
  • Jan 8, 2009 8:30am Jan 8, 2009 8:30am
Quoting msc
what was your planned sell entry?
1.3820?
Yes, that's right.
I've got a fib(38) there, and it's also an area of possible resistance.
  • #5,834
  • Jan 9, 2009 11:43am Jan 9, 2009 11:43am
Today, I have learned an important lesson about patience.
I'm probably not the only one!
  • #5,835
  • Jan 9, 2009 12:59pm Jan 9, 2009 12:59pm
Patience grasshopper
  • #5,836
  • Jan 9, 2009 1:09pm Jan 9, 2009 1:09pm
it was weird today...it seemed like a viable entry...but it wasn't...

tomorrow is another day...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #5,837
  • Jan 10, 2009 6:31pm Jan 10, 2009 6:31pm
Quoting msc
5 minute timeframe?
..
  • #5,838
  • Jan 10, 2009 7:23pm Jan 10, 2009 7:23pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
thanks for the highlight, I think this is probably the main reason I can not stick to my plan, I wll break through the barrier from there. I am grateful that I can learn things quick by talking to you great guys

Quoting kburd
..
  • #5,839
  • Jan 11, 2009 4:39am Jan 11, 2009 4:39am
The most annoying thing is, stuck under my 1st screen I have a piece of paper. It reads "DON'T TRADE THE NEWS!".

This weeks lesson, for me, is;

STICK TO PLAN A

and, if Plan A is not showing it's face, then;

GO TO THE PUB UNTIL PLAN A RETURNS
  • #5,840
  • Jan 11, 2009 8:31pm Jan 11, 2009 8:31pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Interceptor, wish you don'd mind me hijacking your lesson, it's been always one of my concern in managing my trade plan, the question is, what if PLAN A never returns in the near term?
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