Jacko's Forex House of Pleasure and Pain | Page 297 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #5,921
  • Jan 18, 2009 10:01am Jan 18, 2009 10:01am
You said your playing a counter trend.

According to jacko trend is your friend.
Read the first two pages of this thread.

msc
  • #5,922
  • Jan 18, 2009 7:23pm Jan 18, 2009 7:23pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
This seems interesting,probably a time to exit, will wait till the close of the session, H4
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  • #5,923
  • Jan 19, 2009 1:03am Jan 19, 2009 1:03am
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.
Hi man, you are in your "right to ask" for results before "to buy" a system. But, and I think this is the part you are a bit confused, is that this is not a system, you are not buying anything here. You are just paying for international text messages telling you when, where and why Jacko is going to buy/sell. Just that. Do you want to learn? Or do you just want someone to tell you what to do? If you do want to learn, Jacko is one of the best mentors you will find. You can make him all the questions you want to and he will reply them within 24 hours. He will be a guidance in your trading live. He, starting with his 15 or 20+ years trading can help you to improve yourself as a trader, wanna be a consistant winner trader? I will suggest you that stop looking for signal services, or for profitable services or for the holly grail. Start looking for something to teach you how to trade rather than when. You just will find people to tell you to take a trade that he is not taking because his business is not to trade. If you stop now looking for a service or a signal and start looking for guidance you will be a better trader, that's for sure. It's going to take time, maybe you will lost some money in the way, but if you take care of every step you take the final result will be unimaginable, you will make much more money than you ever can imagine, but take care of the steps and the result will come alone.

BTW, in december I made more than 2000 pips and in one week of trading this year I am 700+ pips in profits. I have never imagined that I could make this obscene amount of money And I have to mention that Jacko had been my mentor, I have learnt to trade by my self. The best decision I ever made was joined his group. Try it, but before to do that, please give him an apology for being so rude in your comments.
  • #5,924
  • Jan 19, 2009 5:28am Jan 19, 2009 5:28am
Tradethepips,

Outstanding post #5923. Very good advice. I Know of NO BETTER TRADING MENTOR. Learning to trade is much better than following signal service.
  • #5,925
  • Jan 19, 2009 8:05am Jan 19, 2009 8:05am
Quoting acetrader
Tradethepips,

Outstanding post #5923. Very good advice. I Know of NO BETTER TRADING MENTOR. Learning to trade is much better than following signal service.
Well said Tradethepips
every Saint has a past. Every Sinner has a Future
  • #5,926
  • Jan 19, 2009 10:38am Jan 19, 2009 10:38am
Did anybody else take this trade down towards the 1.30 area?
'Turned out nice again' as George would say!
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  • #5,927
  • Jan 19, 2009 11:44am Jan 19, 2009 11:44am
Quoting Interceptor
Did anybody else take this trade down towards the 1.30 area?
'Turned out nice again' as George would say!
Yea I caught it for a nice 200 pip gain over last night.

Do you think it has a little steam left or do you have your sights on the retracement?
  • #5,928
  • Jan 19, 2009 11:46am Jan 19, 2009 11:46am
Quoting Byrd
Yea I caught it for a nice 200 pip gain over last night.

Do you think it has a little steam left or do you have your sights on the retracement?
Me too. My stop now is pretty tight and will probably get taken out over night with profit. Will wait for decent pullback to hop on the downtrend again.
  • #5,929
  • Jan 19, 2009 3:05pm Jan 19, 2009 3:05pm
I caught some of it and still in.
  • #5,930
  • Jan 19, 2009 4:23pm Jan 19, 2009 4:23pm
Wish I'd stuck with it longer!
Well traded to those who did.
  • #5,931
  • Jan 19, 2009 4:23pm Jan 19, 2009 4:23pm
Quoting Byrd
Yea I caught it for a nice 200 pip gain over last night.

Do you think it has a little steam left or do you have your sights on the retracement?
Hopefully the afterburner is on till 1.30.
  • #5,932
  • Jan 19, 2009 6:30pm Jan 19, 2009 6:30pm
Hi Guys,

I am trying to follow this thread and get rid of the indicators (and am having some success) but I have a question regarding the trend identification.

It says early on if the price is higher on the right hand side of the page we have an uptrend and if it is lower on the right hand side of the page we have a down trend.

Now my question (and this may sound stupid but it isn’t meant to) is “How many bars do you have on the page? Do you use 100 bars , 200 bars , 260 bars or what?

I am just trying to get my head around not using indicators. In the old days I would have used Guppys MMA but am trying to get away from indicators as described in this thread.

If anyone can offer their opinions I’d love to hear it on how many bars they use.

Thanks
Steve
  • #5,933
  • Jan 19, 2009 6:36pm Jan 19, 2009 6:36pm
Still short with protected profit.
  • #5,934
  • Jan 19, 2009 7:00pm Jan 19, 2009 7:00pm
  •  krue
  • | Joined Mar 2008 | Status: finger scares cat, power of illusio | 410 Posts
I shorted at 1.3370 after I said it seems interesting ,exited at 1.3000, very nice + 370 pips
  • #5,935
  • Jan 19, 2009 7:02pm Jan 19, 2009 7:02pm
Quoting dawsonsg
Hi Guys,

I am trying to follow this thread and get rid of the indicators (and am having some success) but I have a question regarding the trend identification.

It says early on if the price is higher on the right hand side of the page we have an uptrend and if it is lower on the right hand side of the page we have a down trend.

[font=Arial]Now my question (and this may sound stupid but it isn’t meant to) is “How many bars do you have on the page? Do you use 100 bars , 200 bars , 260 bars...
Maybe this will help. As to how many bars, I don't know if there is a "standard" number of bars, but enough to clearly see the true trend.

Quoting jacko
DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE.
Quoting jacko
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...
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  • #5,936
  • Jan 19, 2009 7:09pm Jan 19, 2009 7:09pm
Exited at 1.3000 as well. Nice play. We'll see what happens in the next few sessions!
  • #5,937
  • Jan 19, 2009 7:10pm Jan 19, 2009 7:10pm
I went along for the ride at 1.3136. Locked in 75 pips and just going to let it see where it want to go. Although it is bouncing of the 1.3000 hard now
  • #5,938
  • Jan 20, 2009 5:12am Jan 20, 2009 5:12am
Quoting Interceptor
Did anybody else take this trade down towards the 1.30 area?
'Turned out nice again' as George would say!
Hi Interceptor;

Did u take that trade on the breakout of the IBs? what about the first group of IBs, there was a fake breakout too (upward), did u take that as well? Thanks for explaining.

Sebo
Jacko Turtle
  • #5,939
  • Jan 20, 2009 5:22am Jan 20, 2009 5:22am
Quoting krue
I shorted at 1.3370 after I said it seems interesting ,exited at 1.3000, very nice + 370 pips
Why exit? I'm still in. I had my Stop behind S1 Today and now it's going down more.
  • #5,940
  • Jan 20, 2009 6:55am Jan 20, 2009 6:55am
Quoting seboileroom
Hi Interceptor;

Did u take that trade on the breakout of the IBs? what about the first group of IBs, there was a fake breakout too (upward), did u take that as well? Thanks for explaining.

Sebo
Jacko Turtle
Hi Sebo
I had a nice looking area of s & r in the 1.33-1.34 region, so, looking for the drop to 1.30ish in time for the next move up looked like a strong trade to take, I waited for price to break down by 30+ pips first, and then jumped on board. I don't trade IB's(yet!).
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