Jacko's Forex House of Pleasure and Pain | Page 295 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #5,881
  • Jan 13, 2009 4:18pm Jan 13, 2009 4:18pm
Are you primarily using 4h, daily, weekly time frames in the groups?
  • #5,882
  • Jan 14, 2009 4:35am Jan 14, 2009 4:35am
Quoting msc
Are you primarily using 4h, daily, weekly time frames in the groups?
Yes, Jacko looks mostly at the 4H. It has slowed my trigger finger and had a big improvement in my results. He really is a topline trainer. 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.
In a market where it is said that margin calls are at record high levels and lots of traders are being put out of the industry with big losses, he is steadily pumping out big profits over the bigger time frames
Being part of his group has been a phenomonal experience for me and my trading.
  • #5,883
  • Jan 14, 2009 6:26am Jan 14, 2009 6:26am
allow me to caution you forexfixer that you are likely to be chastised here for discussing anything shorter than daily ...
  • #5,884
  • Jan 14, 2009 6:53am Jan 14, 2009 6:53am
Quoting forexfixer
Yes, Jacko looks mostly at the 4H. It has slowed my trigger finger and had a big improvement in my results....
Post #6...

Quoting jacko
Time frames (for me) as a Trend Trader
I start with weekly, then move closer in using daily, 4 hour and 1 hour to help me make a decision. Less than 4 hours tends to be "noise" rather than a "trend". They are the "sucker" rallies and declines.
PS Don't be the sucker...
  • #5,885
  • Jan 14, 2009 11:37am Jan 14, 2009 11:37am
Forexfixer,

""Yes, Jacko looks mostly at the 4H""

Jacko must be sending you a different blog and emails if you think he "looks mostly at the 4H"".

I've been in Jacko's group for almost a year now and his methodology has not changed in any way shape or form.

To summarise his method:

He looks at the DAILY to monitor and identify opportunities. When he sees an opportunity he checks out how it looks on H4 and based on that may fine tune his entry. That is the only time he uses the H4.
  • #5,886
  • Jan 14, 2009 12:02pm Jan 14, 2009 12:02pm
Anyone know what broker Jacko uses?
  • #5,887
  • Jan 14, 2009 8:58pm Jan 14, 2009 8:58pm
Quoting forexfixer
Yes, Jacko looks mostly at the 4H. It has slowed my trigger finger and had a big improvement in my results. He really is a topline trainer. 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.
In a market where it is said that margin calls are at record high levels and lots of traders are being put out of the industry with big losses, he is steadily pumping out big profits over the bigger time frames
Being part of his...
I agree. Jacko has a way of explaining the difficult things in a very easy to understand way. I am most impressed with the way he outlines his target prices on his blog days in advance and then homes in on them as they get closer. An hour or more before the target gets hit, he sends me an SMS. Nice work.
  • #5,888
  • Jan 15, 2009 1:45am Jan 15, 2009 1:45am
eirronIncorrect facts
Forexfixer,

""Yes, Jacko looks mostly at the 4H""

Jacko must be sending you a different blog and emails if you think he "looks mostly at the 4H"".

I've been in Jacko's group for almost a year now and his methodology has not changed in any way shape or form.

To summarise his method:

He looks at the DAILY to monitor and identify opportunities. When he sees an opportunity he checks out how it looks on H4 and based on that may fine tune his entry. That is the only time he uses the H4.

for the last few days you've only critised other posts ... we are new and trying to get a fix on how to implement what we've read, at least how we understand what we've read... so will you please provid some examples of how we should be looking at the market, so we can get a better perspective of the correct application of this method...
  • #5,889
  • Jan 15, 2009 4:02am Jan 15, 2009 4:02am
Does Jacko like fishing?
  • #5,890
  • Jan 15, 2009 4:10am Jan 15, 2009 4:10am
Quoting tuguntrumpet
I agree. Jacko has a way of explaining the difficult things in a very easy to understand way. I am most impressed with the way he outlines his target prices on his blog days in advance and then homes in on them as they get closer. An hour or more before the target gets hit, he sends me an SMS. Nice work.
yes
  • #5,891
  • Jan 15, 2009 5:53am Jan 15, 2009 5:53am
Quoting clockwork71
Anyone know what broker Jacko uses?
I believe he uses a few, he has mentioned and adviced not to leave all the eggs in one basket.
  • #5,892
  • Jan 15, 2009 6:05am Jan 15, 2009 6:05am
Quoting clockwork71
Anyone know what broker Jacko uses?
Hey clockwork!
I remember reading he splits it across 4 brokers.
IIRC, he hasn't posted the names of the brokerages.
  • #5,893
  • Jan 15, 2009 10:11am Jan 15, 2009 10:11am
Any Jackos blog readers have total pips tally for 2008 - was he profitable for 2008??

How is the trading so far for 2009?
  • #5,894
  • Jan 15, 2009 11:20am Jan 15, 2009 11:20am
trixtuf (http://www.forexfactory.com/member.php?u=83790),

Far be it from me to tell you the ways of the Master, but my analysis is as follows:

Remembering that each time frame has it's own trend, the Weekly has been down since August 3rd, 2008 when it broke it's most recent low, 1.5282 on May 4th. The Daily is down again from Jan 1st when it broke it's most recent low, 1.3823 on December 19, 2008. The Daily is trapped in an ascending triangle and is now at support around 1.3000. Because of the downtrends on these 2 time frames, I have only been taking short trades.

We are now at decision time - either the support holds and we go up again or if it breaks, we are going to test the low at 1.2327 on October 27, 2008.

I will not be making any trades until the market reveals it's direction.

Jacko still believes this is just a correction in a bull market which it is if you look at the Monthly chart - the low of 1.1636 on November 1st, 2005 has not been breached. However, the Monthly chart only influences the Weekly chart, not the Daily.

Again this is my analysis and may differ from the way Jacko looks at it.

I hope this helps.
  • #5,895
  • Jan 15, 2009 11:37am Jan 15, 2009 11:37am
I think you have missed a lot of opportunity and pips since last July if you have been standing aside.
Same Whore .... Different Dress
  • #5,896
  • Jan 15, 2009 11:44am Jan 15, 2009 11:44am
Quoting Auspip
Does Jacko like fishing?
Some say he opens a beer bottle with his testicels.
  • #5,897
  • Jan 15, 2009 6:53pm Jan 15, 2009 6:53pm
Anyone Can tell me the results for trading in 2008??

what was the total pips for the year?


Blog readers can you share your results??
  • #5,898
  • Jan 16, 2009 1:02am Jan 16, 2009 1:02am
Pipspimp,

I do not like to talk out of school and believe that what is said in a private blog should stay between the blog and the members. But forexfixer has answered your question if you had taken the time to read the last three pages. I have highlighted the important part

Quoting forexfixer
Yes, Jacko looks mostly at the 4H. It has slowed my trigger finger and had a big improvement in my results. He really is a topline trainer. 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.
In a market where it is said that margin calls are at record high levels and lots of traders are being put out of the industry with big losses, he is steadily pumping out big profits over the bigger time frames
Being...
The amount of pips that you want to know is not very important and can be misleading. The return on funds combined with the lowest possible risk is more important. And his % returns are outstanding. Group members all know all his trades and his returns because he shows them in his secondary blog that we all have access to at any time.
Plus Jacko always tell us turtles that he is not a signal service. What he does is to tell us, IN ADVANCE, what and when he is trading and his reasons for taking that trade. He doesn't tell us to follow him into a trade and sometimes evens warns us that it is a more risky trade and to stay out if we a risk-averse and conservative. He is a no bullshit guy and transparent in all his actions

I have said enough because what Jacko tells us members is private. But if you want to see how a monster trader trades, then go back to the first page of this thread. He is the best.
  • #5,899
  • Jan 16, 2009 1:33am Jan 16, 2009 1:33am
Quoting jamiewhite
Pipspimp,

I do not like to talk out of school and believe that what is said in a private blog should stay between the blog and the members. But forexfixer has answered your question if you had taken the time to read the last three pages. I have highlighted the important part



The amount of pips that you want to know is not very important and can be misleading. The return on funds combined with the lowest possible risk is more important. And his % returns are outstanding. Group members all know all his trades and his returns because he shows...


It does not take "last three pages" to answer a simple question about trading results for 2008. perhaps your vague response covering up a year long loosing streak?

I have read this and the old daily fx threads thank you very much for pointing this out, but as you said

"The amount of pips that you want to know is not very important and can be misleading. The return on funds combined with the lowest possible risk is more important. And his % returns are outstanding."

What could be misleading about wining pips or number of winning to loosing trades?

perhaps you can tell what was ratio of losing to winning trades and "outstanding % results" in 2008?
And "steadily pumping out BIG PROFITS" ??? There has not been a single jolly trader bragging about "Steady Big Profits" for almost a year..

Am I missing something or you guys loosing money and don't want to admit it?

I'd like to ask again, what was the end result for 2008?? Anyone can tell me either pips in profit/loss or number of loosing/winning trades for 2008?
  • #5,900
  • Jan 16, 2009 1:36am Jan 16, 2009 1:36am
Quoting pipspimp
It does not take "last three pages" to answer a simple question about trading results for 2008. perhaps your vague response covering up a year long loosing streak?

I have read this and the old daily fx threads thank you very much for pointing this out, but as you said

"The amount of pips that you want to know is not very important and can be misleading. The return on funds combined with the lowest possible risk is more important. And his % returns are outstanding."

What could be misleading about wining pips or number of winning to...
Are you considering joining one of Jacko's groups?
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