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Jacko's Forex House of Pleasure and Pain

  • #5,961
  • Jan 21, 2009 4:57pm Jan 21, 2009 4:57pm
Can Any One Tell Me Why Did The Eur Run Up So High So Fast.

And What Is Every Ones Position And Why.
  • #5,962
  • Jan 21, 2009 8:09pm Jan 21, 2009 8:09pm
Can Any One Tell Me Why Did The Eur Run Up So High So Fast?



If we knew the answer to that, we wouldn't be trolling these Forums!!!!!!!!!!!!
  • #5,963
  • Jan 21, 2009 9:39pm Jan 21, 2009 9:39pm
Quoting KiNg Of PiPs
Can Any One Tell Me Why Did The Eur Run Up So High So Fast.

And What Is Every Ones Position And Why.
Indecision, fear and greed...New president taking office, nobody knows what to expect
It's NOT GAMBLING when the odds are in your favor
  • #5,964
  • Jan 21, 2009 10:56pm Jan 21, 2009 10:56pm
Went long at 1.2989 and +50pips and poised for a few more. I won't stay in this one very long though.
  • #5,965
  • Jan 23, 2009 2:00am Jan 23, 2009 2:00am
Quoting dwildes
These posts refresh my confidence in looking for longs.
was not that hard to find.. was it?
  • #5,966
  • Jan 23, 2009 2:01am Jan 23, 2009 2:01am
Quoting dwildes
*ahem*
Doesn't look so 'insane' now does it?


As I said easy 100 pips bagged matching your stop loss with profit taking;-)
  • #5,967
  • Jan 23, 2009 10:00am Jan 23, 2009 10:00am
Quoting dwildes
Sorry bud - got you beat....

no stop losses, and big zeroes everywhere.. don't worry about the "noise" this tread has been dead for a while

and how is that your rare stop losses on buy orders are higher in price then filled price on buy orders?
  • #5,968
  • Jan 23, 2009 10:42am Jan 23, 2009 10:42am
dwildes,

It would appear that you are posting on the wrong thread. From your statement you made 11 trades in 5 hours 18 mins - this is typical of scalping and the opposite of what Jacko teaches.

As a reminder, Jacko trades the Daily charts and maybe makes 1 or 2 trades per week, some of which last days.

Thank you.
  • #5,969
  • Jan 23, 2009 9:52pm Jan 23, 2009 9:52pm
Quoting eirron
dwildes,

It would appear that you are posting on the wrong thread. From your statement you made 11 trades in 5 hours 18 mins - this is typical of scalping and the opposite of what Jacko teaches.

As a reminder, Jacko trades the Daily charts and maybe makes 1 or 2 trades per week, some of which last days.

Thank you.
I understand Jacko uses the D1, even the W1.
The style I do is basically the same thing, but with the time frames adjusted.

I use the H1 & H4 for trendline & use the smaller ones to trade the range. The multiple trades are due to me scaling into a position, and removing the top level trades at '0' as I scale in on the drop if I'm going long. I want to keep and hold only the better positions.

Thursday, as you noticed, price was ranging most of the day and I was taking advantage of it. I use the basic principles and have modified them to my trading method.

These kinds of profits are what I do every week and been doing it since Aug. 2008. If it ain't broke - don't fix it. I don't expect everyone to understand it, and it doesn't matter to me if you do.

Appreciate the feedback.
If you are doing better than this - feel free to post your statement as well so we can judge yours as well.

I've removed my statement post to avoid further conflict.
  • #5,970
  • Jan 23, 2009 10:04pm Jan 23, 2009 10:04pm
Quoting pipspimp
no stop losses, and big zeroes everywhere.. don't worry about the "noise" this tread has been dead for a while

and how is that your rare stop losses on buy orders are higher in price then filled price on buy orders?
If you are talking about the 2 trades that had stops around 1.3005, once I saw resistance around 1.3022 and creating a double-top, it wasn't piercing the upper trendline on the H4. At that point, I felt price wasn't going to go up much further, so I put a 15PIP trailing stop to protect my profit.

The other trades I closed as they were not the best positions. I look for price to come back up to its upperline and just close it for a '0' or small profit, and hold the better of the trades.
  • #5,971
  • Jan 23, 2009 11:15pm Jan 23, 2009 11:15pm
Quoting pipspimp
As I said easy 100 pips bagged matching your stop loss with profit taking;-)
What is this? A pissing contest?
  • #5,972
  • Jan 23, 2009 11:19pm Jan 23, 2009 11:19pm
Quoting pipspimp
no stop losses, and big zeroes everywhere.. don't worry about the "noise" this thread has been dead for a while
Idiots like this are the reason that good traders like Jacko don’t stay around here.
The first page of this thread is the best advice from a genuine large successful trader that I have seen.
His results are topclass. http://www.forexfactory.com/showpost.php?p=1431044&postcount=85 (http://www.forexfactory.com/showpost.php?p=1431044&postcount=85)
I am a member of his second group and he is trading with very solid results over the last six months.
  • #5,973
  • Jan 23, 2009 11:43pm Jan 23, 2009 11:43pm
Quoting pipspimp

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.
For amusement I went back ONLY TWO WEEKS to see how many good comments were made about Jacko in this thread in that two weeks. Here they are:


I Know of NO BETTER TRADING MENTOR. Learning to trade is much better than following signal service Post #5924

If you do want to learn, Jacko is one of the best mentors you will find. Post # 5923

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, Post # 5923

The best decision I ever made was joined his group. Post #5923

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. Post # 5915

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... Post #5908

Long term respect is worth a lot on this forum. Jacko has it. You don't. Post #5901

He is a no bullshit guy and transparent in all his actions Post # 5898

if you want to see how a monster trader trades, then go back to the first page of this thread. He is the best. Post #5898

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. Post #5887

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 Post #5882

Being part of his group has been a phenomonal experience for me and my trading. Post #5882

my two trades are doing it great, now I'm in 340+pips in profits from 3520 and in 170+ pips from 3350 (-50 pips fallen soldier), if price make another consolidation area will short again full lots at its break on the downside. The target would be around 1,30 or 1,27 Post #5879

Tradethepips Thanks to him and all members for their contribution. It totally worth it. Post #5867

Yes, I agree. I have been in his second group for 8 months and I am becoming a consistent winner trader. Thanks to him and all members for their contribution. It totally worth it. Post # 5859

The best thing I have dun in my life. Am a fulltime trader and trading numbers so big that I cant beleve it myself sometimes. I love the man for wat he has dun for me and my life. Post #5858


It is idiots like pipspimp and their stupid posts that forces good traders like Jacko and J16 to leave and set up private sites to keep the idiots out.
And us serious traders all lose out.
  • #5,974
  • Jan 24, 2009 7:49am Jan 24, 2009 7:49am
Quoting tuguntrumpet
And us serious traders all lose out.
The only thing we lose out on is his current insight, Jacko has already set a well groomed path at the start of this thread.
  • #5,975
  • Jan 24, 2009 9:09am Jan 24, 2009 9:09am
Quoting tuguntrumpet
[color=black][font=Verdana]Idiots like this are the reason that good traders like Jacko don’t stay around...
I totally agree.
I'm also a member of his 2nd group.

Why don't all the members of the 2nd group start a discussion on a weekly trading plan instead of sitting around complaining about the bad posts on the forum? Do something about it - start posting interesting analysis and plans for the week. Complaining without any other action is almost as bad as the ones that just come on here to bash.

What suggestions do you have?
  • #5,976
  • Jan 24, 2009 9:22am Jan 24, 2009 9:22am
I second that wholeheartedly...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #5,977
  • Edited 9:35am Jan 24, 2009 9:35am | Edited 9:35am
As a member of the second group I like the idea of interaction among us. The issue comes in when you begin sharing information provided by Jacko through the private blog with the world as a whole.

I have seen this become an issue with the J16 thread at times of which i am also a member.

I am not saying don't do it; I am merely cautioning discretion. As it is I would be willing to post in such a thought process.
  • #5,978
  • Jan 24, 2009 10:26am Jan 24, 2009 10:26am
Members of the group, I as one, should not be wasting their time on this thread anyways. There is nothing to prove. Trading is on a macro level..not a micro and a bad week (or a good week) here and there means zip. A proper R and $win > $loss avg per trade overall is what it is all about. Let those that think they have something better continue to ramble on. Trading is not a competition between traders. In the end, it is a competition between that part of yourself that will lead you to failure and that which will lead you to success. If traders have to brag, berate or otherwise be negative towards other traders to "be" better, you are seriously on the wrong mental track. Eventually, you will be on the sidelines. Your arrogance will be your ultimate caretaker.
  • #5,979
  • Jan 24, 2009 12:00pm Jan 24, 2009 12:00pm
Quoting ownshook
Members of the group, I as one, should not be wasting their time on this thread anyways.


As a new member I am understanding the mechanics but there is no other place (yet) to discuss application. Coming here, I think, should be for ongoing training to see if we (nooob's) are recognizing the opportunities in real time.

I would think the previous, now accomplished, members would be here to help. I know there are a few and I thank you.
  • #5,980
  • Jan 24, 2009 2:15pm Jan 24, 2009 2:15pm
My best recommendation to anyone serious about trading for a living is to join Jacko's group. Trying to learn from posts of others not trading the Jacko style or egotistically trying to out-pip other posters or posting trades "after the fact" is a recipe for financial disaster - I know, I've been there and done it!
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