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Jacko's Forex House of Pleasure and Pain

  • #5,941
  • Jan 20, 2009 8:06am Jan 20, 2009 8:06am
Quoting Interceptor
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!).
Hi Interceptor;

Thanks for explaining; good work and also good work Byrd and Tjpld.

Sebo
  • #5,942
  • Jan 20, 2009 5:13pm Jan 20, 2009 5:13pm
Anyone long from the 1.2860 area?
This is a significant support level looking on the daily chart.
I guess what I mean is, if Jacko is looking for longs - seems this would be the most logical choice?
  • #5,943
  • Jan 20, 2009 5:39pm Jan 20, 2009 5:39pm
Quoting dwildes
Anyone long from the 1.2860 area?
This is a significant support level looking on the daily chart.
I guess what I mean is, if Jacko is looking for longs - seems this would be the most logical choice?

Talk about a rally, holy shit. I wish I would have gotten in live on Dec. 18th at 1.46xx I wouldn't have to work the rest of the year.

It can only go down for so long though, I imagine the inauguration is what's pushing this and Wayne always said to never get in the way of a freight train. I'd wait till apparent retracement before going long (3 candlesticks or so), and even then I'd go light and keep tight stops.

But I'm on a sim and just getting into the game so I'd take what I say lightly.
  • #5,944
  • Jan 20, 2009 5:51pm Jan 20, 2009 5:51pm
I'm thinking that it will go as low as 1.2715 or thereabouts....its the intersection of the long term daily trend and the current 4 hour trend. check it out. Its not a round number like Jacko likes, perhaps it will go to the 00 or 50 nearest to that number. I dont think I would go long with a 100 pip stop until it goes that low. Until then, trading it down, tight stops, small pips (they do add up).

good trading!

FW
Isolate yourself from the herd
  • #5,945
  • Jan 20, 2009 9:52pm Jan 20, 2009 9:52pm
Quoting Tradethepips
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...
this is a top description of what it is all about.
  • #5,946
  • Jan 20, 2009 9:54pm Jan 20, 2009 9:54pm
Quoting Tradethepips

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.
I was close behind you at 1960 pips for Dec
  • #5,947
  • Jan 20, 2009 10:19pm Jan 20, 2009 10:19pm
Congratulations!!
  • #5,948
  • Jan 20, 2009 11:22pm Jan 20, 2009 11:22pm
Can some one please tell me how i can joinn jacko's group?
  • #5,949
  • Jan 21, 2009 1:02am Jan 21, 2009 1:02am
Quoting KiNg Of PiPs
Can some one please tell me how i can joinn jacko's group?
http://waynejacksonfx.blogspot.com (http://waynejacksonfx.blogspot.com)



Make sure that you read this
http://www.forexfactory.com/showthread.php?t=27286
  • #5,950
  • Jan 21, 2009 1:09am Jan 21, 2009 1:09am
Quoting tuguntrumpet
http://waynejacksonfx.blogspot.com (http://waynejacksonfx.blogspot.com)



Make sure that you read this
http://www.forexfactory.com/showthread.php?t=27286
Jacko has been banging the drum that this market was falling to 1.30 for weeks. Good shooting, Jacko. I heard ya.
  • #5,951
  • Jan 21, 2009 1:31am Jan 21, 2009 1:31am
dear,

i am a new trader,
suggest me the system through which i can get 25 pipes per day in eur/usd
or gbp/usd pair.
if any more please suggest.
  • #5,952
  • Jan 21, 2009 1:42am Jan 21, 2009 1:42am
[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]Hi,

I,m sure there are plenty of pipes out there to be had just remember to keep them clean.

And don't forget to watch out during the winter months Plumbers can be expensive.
  • #5,953
  • Jan 21, 2009 7:51am Jan 21, 2009 7:51am
Quoting Inhifxhitesh
dear,

i am a new trader,
suggest me the system through which i can get 25 pipes per day in eur/usd
or gbp/usd pair.
if any more please suggest.
if it was only that easy, everyone would be rich... but to point you in the right direction, look up daily breakout systems
It's NOT GAMBLING when the odds are in your favor
  • #5,954
  • Jan 21, 2009 10:17am Jan 21, 2009 10:17am
Originally Posted by Tradethepips http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=2477201#post2477201)
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...

Quoting forexfixer
I was close behind you at 1960 pips for Dec
Way to go guys! That's a great way to encourage honest learners. This system works!
  • #5,955
  • Jan 21, 2009 10:33am Jan 21, 2009 10:33am
Quoting dwildes
Anyone long from the 1.2860 area?
This is a significant support level looking on the daily chart.
I guess what I mean is, if Jacko is looking for longs - seems this would be the most logical choice?
Hey guys!
Looks like my long played out ok. :-)

I wait for the next opportunity now.
  • #5,956
  • Jan 21, 2009 11:24am Jan 21, 2009 11:24am
Quoting dwildes
Anyone long from the 1.2860 area?
This is a significant support level looking on the daily chart.
I guess what I mean is, if Jacko is looking for longs - seems this would be the most logical choice?

Why would you want to be LONG Eur/Usd in the down trending market?

Anyone going Long Eur/Usd is INSANE!

Look at 4h chart – do you see it going up?

Ride the trend!
  • #5,957
  • Jan 21, 2009 11:25am Jan 21, 2009 11:25am
Quoting pipspimp
Why would you want to be LONG Eur/Usd in the down trending market?

Anyone going Long Eur/Usd is INSANE!

Look at 4h chart – do you see it going up?

Ride the trend!
These posts refresh my confidence in looking for longs.
  • #5,958
  • Jan 21, 2009 11:33am Jan 21, 2009 11:33am
Quoting dwildes
These posts refresh my confidence in looking for longs.

I'll match your stop loss with my profit taking! ;-))


.. wasn't that the case for last 6 month of turtles trading anyway?
  • #5,959
  • Jan 21, 2009 11:54am Jan 21, 2009 11:54am
Quoting pipspimp
I'll match your stop loss with my profit taking! ;-))


.. wasn't that the case for last 6 month of turtles trading anyway?
hahaha - fair enough. I've already taken my profits last night since the move wasn't strong enough. But I'd be a little nervous looking for too much shorts since there hasn't been a decent run up to test support in a few days. If most positions are short - guess what happens when the positions for the week start to close (bought)?

That's just me though, not jacko's plan, not the turtle's plan - just apparently my backwards thinking.

There are several others in here that shorted this move all the way down - I was looking to short as well, but I missed my entry by around 20 pips to go in a 1.3400, so I've been planning on catching the retracement and/or reversal when it finds good support.

Not sure why you feel the need to try to invalidate jacko or the turtle's method. Sounds like you read it - tried it, done it wrong and looking for someone to blame if you ask me. But again - I may have it backwards! Maybe jacko hand held you and showed you what to do, you saw he's a fraud and trying to warn us all?
  • #5,960
  • Jan 21, 2009 2:53pm Jan 21, 2009 2:53pm
Quoting pipspimp
Why would you want to be LONG Eur/Usd in the down trending market?

Anyone going Long Eur/Usd is INSANE!

Look at 4h chart – do you see it going up?

Ride the trend!

*ahem*
Doesn't look so 'insane' now does it?
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