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Jacko's Forex House of Pleasure and Pain

  • #5,901
  • Jan 16, 2009 12:20am Jan 16, 2009 12:20am
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...
I am not interested in fighting. But what part of P R I V A T E didn't you understand?
And what is this shit about loosing money? What part of he is steadily pumping out big profits and his percentage returns are outstanding written by two different members of the group don't you understand?. How many of us members do you want to say the same thing?

You have made three posts since you joined. The first two asked for members of a PRIVATE blog to give out a traders PRIVATE personal results from a PRIVATE blog. An honest person would have simply asked Jacko, and not tried to be sneaky.
The third post is to make wild and WRONG allegations about loosing trades to try and get members of a PRIVATE blog to tell you stuff that you are nosey about.

Long term respect is worth a lot on this forum. Jacko has it. You don't.
  • #5,902
  • Jan 16, 2009 12:22am Jan 16, 2009 12:22am
Thank you eirron ,
we are here (those new to jacko's) trying to see why the long term is what we shoulkd be looking at. I'm sure most have been short term and not profiting from that. It's better to explaine your view than to ask us to leave, that is how we will learn
  • #5,903
  • Jan 16, 2009 12:34am Jan 16, 2009 12:34am
Quoting jamiewhite
I am not interested in fighting. But what part of P R I V A T E didn't you understand?
And what is this shit about loosing money? What part of he is steadily pumping out big profits and his percentage returns are outstanding written by two different members of the group don't you understand?. How many of us members do you want to say the same thing?

You have made three posts since you joined. The first two asked for members of a PRIVATE blog to give out a traders PRIVATE personal results from a PRIVATE...

Just because it was written by two different users does not mean anything.
For all I know it could be just point blank advertising and nothing else.

I'm not being sneaky, just asking a straight up question, if you are so protective of year end total I assume there "nothing to write home about" that's all.

There seems to be lack of "BOOYAA" on this forum from the "turtles" and its been quite dead for a while now.. This leads me to believe that trading results were NOT THAT IMPRESSIVE.
  • #5,904
  • Jan 16, 2009 1:04am Jan 16, 2009 1:04am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, Guys, no fighting, that's meaningless. the only belief one can have is to trust yourself, not anyone else, even monster, guru, or turtle, they can not build "you" the skill, "you" are the one making things happen . if one could not take money out of the marketplace, then, he'd better shut up any fighting, let the chart speak for him/herself.

I started a demo account yestoday, now a long position. it is 100pips in the money, I guess I can work out more profit by this position. if this is not a place for me, probably I will start a journal to share with those who are interested in. I am still a newbie, trying to learn more from anyone of you guys, regardless successful or not for the moment.
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  • #5,905
  • Jan 16, 2009 4:00am Jan 16, 2009 4:00am
Quoting pipspimp
Just because it was written by two different users does not mean anything.
For all I know it could be just point blank advertising and nothing else.

I'm not being sneaky, just asking a straight up question, if you are so protective of year end total I assume there "nothing to write home about" that's all.

There seems to be lack of "BOOYAA" on this forum from the "turtles" and its been quite dead for a while now.. This leads me to believe that trading results were NOT THAT IMPRESSIVE.
If you don't think the results are "impressive" then stop asking and go annoy someone else. You are typical of the lazy dreamers looking for the holy grail - it doesn't exist, Jacko tells you that. He doesn't sell signals either. So if you haven't bothered to do your own dummy trading using the material on this free thread (it reads as though you haven't bothered) then you will always be a loser or wannabe easy riches seeker. Grow up and do the hard work of reading the threads and demo trading before going live, and forget pestering people for the easy approach - you only annoy them as above - after which you typically throw your toys out of the pram
every Saint has a past. Every Sinner has a Future
  • #5,906
  • Jan 16, 2009 7:47am Jan 16, 2009 7:47am
A lot of nonsense and noise here over the past few days. Jacko trades as he trades. If a person is serious about learning and implementing his style then read the last 300 odd pages. I did. If you are looking for a shortcut then read the last 300 even pages. To give you a hand, it is about price action, support and resistance and psyche numbers (round numbers). No complicated or lagging indicators (perhaps a long-term MA).

Anybody can put out numbers as we all know. You won't get them here. What you get here islifelong learning that you get to internalize through sweat equity, demo accounts and then the pain of going live. Coincidentally, I grew up in a fishing community on an island and you were taught to provide for your family through hard learning. Nobody pointed at the fish and said "there they are go get them". those willing to learn would learn all the secrets and do well. those not so willing stayed ashore and laid about on the docks.

Jacko takes the same stance. By the way so do several other members and private groups here. I trade other pairs besides EURUSD but the reasons for his trades can be applied to other pairs which I do. In fact I apply it to stocks and futures as well.

All in all, if you want to learn then everybdy here will help you (well maybe you lost some help). If you don't then quietly go away.
  • #5,907
  • Jan 16, 2009 7:53am Jan 16, 2009 7:53am
Bloody hell- I have been following this thread and have some questions but I seem to have gotten into the middle of a fight.
Chill out guys, we are all traders trying to make a buck out of this business and should stick together and offer support not beat each other up.
Anyway, what I really love about this method is that it follows the old maxim 'cut short your losses but let your profits run'. I hate watching profits draining away (and big losses developing) by using the wide stops advocated by some.
My question is- if you are stopped out and the price does not go 50 pips or more further away from the stop out price- where do you get back into the trade? So you watch the price move in the direction of the trend again, pass your stop out price and sail on back into profit. Presumably you wait until the market gives another buy signal but what signals are they in this strategy?
Respect to all and happy trading
  • #5,908
  • Jan 16, 2009 7:58am Jan 16, 2009 7:58am
Hi All,

I'm just a lurker, but I love this thread and this site generally. There are very few other places on the whole internet where the sensible people are so much in the majority that they rule the roost...

Well done all of you..well, most of you ;-)

dbfm.
  • #5,909
  • Jan 16, 2009 8:02am Jan 16, 2009 8:02am
Quoting turnip15
If you don't think the results are "impressive" then stop asking and go annoy someone else. You are typical of the lazy dreamers looking for the holy grail - it doesn't exist, Jacko tells you that. He doesn't sell signals either. So if you haven't bothered to do your own dummy trading using the material on this free thread (it reads as though you haven't bothered) then you will always be a loser or wannabe easy riches seeker. Grow up and do the hard work of reading the threads and demo trading before going live, and forget pestering people for...

if you annoyed by a mere question of loosing vs winning trades or total pips won/lost for a YEAR then you must be annoyed in general.. Things don't look too bright eh?

How one supposed to judge a systems profitability if there no feedback on wining vs. loosing trades or cumulative pips won/lost?

Just because you get annoyed with these question gives out that you not happy with end result.
  • #5,910
  • Edited 8:13am Jan 16, 2009 8:04am | Edited 8:13am
By the way did anybody take the Daily Pin on the EURUSD last night. It was on my ATC feed which is EST. I took it for 100 pips. Figured I get in and take a small profit on a PB as it is Friday and then Monday is a holiday and then inauguration day. No telling where it will go over that timeframe.

Actually did the same on the USDCAD last night as well.
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  • #5,911
  • Jan 16, 2009 8:12am Jan 16, 2009 8:12am
Quoting pipspimp
if you annoyed by a mere question of loosing vs winning trades or total pips won/lost for a YEAR then you must be annoyed in general.. Things don't look too bright eh?

How one supposed to judge a systems profitability if there no feedback on wining vs. loosing trades or cumulative pips won/lost?

Just because you get annoyed with these question gives out that you not happy with end result.
Now I get your questions. There is NO SYSTEM per se. YOU are the system. YOU take responsibility for your decisions and your trades. NO EAs. Most traders just want to hand the decision over to an EA and blame that for their issues. The tough part is that there is no hiding here. You learn, you decide, you trade, you take responsibility. I don't take every one of Jacko's trades plus I take others that he may not. But all decisions are predicated on his teachings and then my comfort and understanding of that teaching.

Responsibility is a bitch. Most just hide from her.
  • #5,912
  • Jan 16, 2009 8:17am Jan 16, 2009 8:17am
nicely done flyer415 ... check #5904
  • #5,913
  • Jan 16, 2009 8:27am Jan 16, 2009 8:27am
Quoting krue
I started a demo account yestoday, now a long position. it is 100pips in the money, I guess I can work out more profit by this position. if this is not a place for me, probably I will start a journal to share with those who are interested in. I am still a newbie, trying to learn more from anyone of you guys, regardless successful or not for the moment.
Krue, are you still in this position? I know a lot of people who won't open a position on a Friday, or hold over a weekend. i took mine out at 100 pips profit. BTW, what was your rationale for the long.
  • #5,914
  • Jan 16, 2009 8:36am Jan 16, 2009 8:36am
Krue,

What was your entry point
  • #5,915
  • Jan 16, 2009 8:56am Jan 16, 2009 8:56am
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...
I am going to answer this question even though I am NOT a member of either of Jacko's groups. I have followed his methodology as outlined here for over a year to the best of my ability, and I ended up 2008 with a net gain of 2,792 pips. I will also admit that the majority of those pips were gained in the first 6 months of the year - the last 6 months, not so good. HOWEVER that net gain did turn out to be a 99% increase for me in my account balance so I personally consider it a very good trading system.

I do intend to join Jacko's private group just to gain access to his market commentary, but I believe he has generously given the secrets away and they can easily be gleaned from this thread.
  • #5,916
  • Jan 16, 2009 9:33am Jan 16, 2009 9:33am
Quoting Tjpld
Some say he opens a beer bottle with his testicels.
l.o.l.
Probability Professor
  • #5,917
  • Jan 17, 2009 7:40am Jan 17, 2009 7:40am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, flyer415, yes, I am still open in this position. as I replied to trixtuf, I would like to challenge my patience to sustain the stress of risking giving up profit, though it is a demo acc only.but, I do take it very seriously, therefore, I don't think it is different than a real acc.

the rationale for taking this position is the deep retrace from the previous up leg + near round number, so, I was expecting a correction to happen, which it is indeed. I take this as a counter trend play, 1.3300 seems a good point to exit, but, I am probably very sturbon, coz I feel the correction is not sufficient enough, at least from daily point of view if my intuition made a decent call in this case. I will be exiting this position at 1.3400, and reverse the position there. the risk for me is a breakeven, so, I am probably not very strictly following jacko's advise, never turn your profit into a loss. I do encountered a lot of occassions when I turned profit into loss, but, if one didn't try, how one would know he/she is in a situation which could ride on the trend? I think there must be something I still couldn't make it clear. hummmm, not sure if expressed my issue correctly,but, something seems to me still need to clean off the mess.


Quoting flyer415
Krue, are you still in this position? I know a lot of people who won't open a position on a Friday, or hold over a weekend. i took mine out at 100 pips profit. BTW, what was your rationale for the long.
  • #5,918
  • Jan 17, 2009 9:13pm Jan 17, 2009 9:13pm
Counter trend play.

Not following jacko rules.
  • #5,919
  • Jan 17, 2009 9:20pm Jan 17, 2009 9:20pm
As I look at the monthly and weekly .. the long term trend is still up .. it may be that krue just misspoke as he is considering the "counter trend" to be one on the daily ... he is actually entering from a round number (in accordance with a jacko trade) and going "with" the longer trend... anyone else see this different ? hopeing to see if I'm getting it ..
  • #5,920
  • Jan 18, 2009 4:05am Jan 18, 2009 4:05am
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
Hi, msc

not very sure what your below two lines mean exactly. I would take them as a warning that counter trend play is dangerous, and it is more wise to follow up Jacko's rules(actually, I was saying not strictly following jacko's rule of not turning profit into loss, here you said rules, seems I played too much danger and didn't realise it??) in any case, this gives me a lot of highlights that I am still having too much risk exposures comparing to a proven strategy. I think this will be my area of improvement, hope could rectify it quickly, otherwise, probably will take a lot of practise and even suffer a lot before making the change happen.



Quoting msc
Counter trend play.

Not following jacko rules.
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