Jacko's Forex House of Pleasure and Pain | Page 321 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #6,401
  • Mar 3, 2009 6:01am Mar 3, 2009 6:01am
Quoting prunto

everything can happen. you might be right when it comes to dollar strengthening but i don't see any fundamentals behind it except for the risk aversion issue
More likely when they are going to print dollars as toilet paper roll soon....

And Brittish ponds.

And you should also mention the return for the money...EU is still now at 2% ... Not for long though... but then it will be at 1.5 ... the $ they almost pay you to hold it....
My 2 cents opinion...
cheers
  • #6,402
  • Mar 3, 2009 6:18am Mar 3, 2009 6:18am
Quoting behman8850
I dont see Jacko's response or replies here!!
Why?? The other members are doing a great job of giving you the answers.

I am busy with my two small groups of traders (who are doing very well !!!).
But I still come here every couple of days and have a look to see if everyone is being nice to each other.

Thats what I like about this Forex Factory. Most posters are respectful and polite to others. I expect each of the traders in this thread to be professional in their discussions.


.
Jacko
  • #6,403
  • Mar 3, 2009 6:58am Mar 3, 2009 6:58am
Short @ 2650 - I had hoped it would reach 2700, but after the rejection of 2675, I decided to jump in. I have scaled my position to half and doubled my TSL due to the whipsawing...

I'll add to my position as it moves in my favor.

Jacko or members of this groups - I know you use a 100 pip TSL, but with this ranging and whipsawing do you ever increase it or just rely mainly on picking a better entry and then using the AH? For me this is difficult due to my full time job, I can't always watch a trade play out...any ideas?
  • #6,404
  • Mar 3, 2009 7:14am Mar 3, 2009 7:14am
I noticed a few charts with fibs. When I see confluence at a trend line, that usually signals an entry with the trend. Also, someone asked about how many bars to have on the chart. I am looking at 50, 100, 200, 500, 1000 bars on all of the chart periods to see what the trend is.

http://i39.tinypic.com/2gwfgio.gif
TRO
  • #6,405
  • Mar 3, 2009 7:24am Mar 3, 2009 7:24am
Quoting bgin2end
Short @ 2650 - I had hoped it would reach 2700, but after the rejection of 2675, I decided to jump in. I have scaled my position to half and doubled my TSL due to the whipsawing...

I'll add to my position as it moves in my favor.

Jacko or members of this groups - I know you use a 100 pip TSL, but with this ranging and whipsawing do you ever increase it or just rely mainly on picking a better entry and then using the AH? For me this is difficult due to my full time job, I can't always watch a trade play out...any ideas?
at one time, i considered using 100 for the initial sl and then as she moved in favor of the trade, plugging in a manual 150 tsl...after pm-ing with jacko and doing a tick by tick backtest, i decided against it...the difference in performance was negligible at best...and after being stopped out, you usually have a better 50RT/Round # entry right around the corner...plus, is it really worth using a smaller lot size in order to accomodate the doubling of your tsl? (so now price has to move 200 pips to get your 2% or 5% or whatever your initial risk is instead of 100 pips)....

if i were you i'd invest in a blackberry or iphone or something in order to monitor trades to move sl or execute an ah...

just my 2 cents...

g/l & g/t
  • #6,406
  • Mar 3, 2009 8:53am Mar 3, 2009 8:53am
Howdy all! This is my first post on the forum here, I've been reading for a while and trying to catch up with all of the backlogged messages in this thread (which is wonderful), but I've noticed some people referring to a 50p tsl and others a 100p tsl.

Like I said, I'm reading the backlogged messages while also reading the new ones and I'm not sure if my question will be answered as I read the backlogged messages, but which is preferable?

I noticed some posts by Jacko originally saying he threw on a 50p tsl and let it ride, but that was well over a year ago when the average daily moves on the Euro were much smaller.

Any help/guidance is appreciated.

Thanks to Jacko and all the others who take their time to put good word here and help others out - it is appreciated.

Thanks,

Moose
  • #6,407
  • Mar 3, 2009 9:09am Mar 3, 2009 9:09am
Quoting McQueen68
at one time, i considered using 100 for the initial sl and then as she moved in favor of the trade, plugging in a manual 150 tsl...after pm-ing with jacko and doing a tick by tick backtest, i decided against it...the difference in performance was negligible at best...and after being stopped out, you usually have a better 50RT/Round # entry right around the corner...plus, is it really worth using a smaller lot size in order to accomodate the doubling of your tsl? (so now price has to move 200 pips to get your 2% or 5% or whatever your initial risk...
Thanks Mcqueen, great answer. I do have a blackberry and check my quotes and positions on it, but I hate the interface that oanda uses for mobile trading. Anyone use a broker that has a good mobile trading platform?
  • #6,408
  • Mar 3, 2009 9:17am Mar 3, 2009 9:17am
Quoting c49ermoose
Howdy all!...
Hi Moose,

I am also new here, but if you go to Page 244, thread 3650, Jacko gives an updated version of the strategy with revised stop loss.

S
  • #6,409
  • Mar 3, 2009 9:27am Mar 3, 2009 9:27am
Hey Money4Nothing,

nice job you did with indicators on your charts! They show just the right informations for trading Jacko-style.

Mind sharing with the turtles on this thread?

Cheers
1st step stop loss in the green 2nd step play with the free money
  • #6,410
  • Mar 3, 2009 10:04am Mar 3, 2009 10:04am
Quoting SailorFx
Hi Moose,

I am also new here, but if you go to Page 244, thread 3650, Jacko gives an updated version of the strategy with revised stop loss.

S

also if you go to the upper right hand corner, right up there where the page numbers are, like right now we are on the last page 428, right above where it says ratings and all that, now look to the right and you will see a number that you can click on, right now it is @ 438. that is the number of attachments in this entire thread. click on that number scroll down till you see Jacko-4.pdf (http://www.forexfactory.com/attachment.php?attachmentid=185890&d=Dec%2024,%202008%2010:32am).

That is Jacko style compiled into one easy to read doc. Enjoy.....

Bully

ps, lol,,,even easier just click on the link i provided,,,,doesnt get easier than that....
Whats happening in EUR/USD should be happening to you!
  • #6,411
  • Mar 3, 2009 10:10am Mar 3, 2009 10:10am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Bonjour to all of you here,

Today I took my first trade short eur/usd @ 12665 stl 100
added one time @ 12615 stl 100

Price came back up to 12650 and went down again
I cashed 50% at previous low @ 12585 for a 80 pip profit

and the other 50 % is still running

Is the general idea to let that run to the low on 12535 ?
or just whenever it turn against you??
or close up the trailing stop??

some remarks from you Jacko traders would be nice;;

salut,

hans..
  • #6,412
  • Mar 3, 2009 10:35am Mar 3, 2009 10:35am
Quoting hansnl
Bonjour to all of you here,

Today I took my first trade short eur/usd @ 12665 stl 100
added one time @ 12615 stl 100

Price came back up to 12650 and went down again
I cashed 50% at previous low @ 12585 for a 80 pip profit

and the other 50 % is still running

Is the general idea to let that run to the low on 12535 ?
or just whenever it turn against you??
or close up the trailing stop??

some remarks from you Jacko traders would be nice;;

salut,

hans..
i personally NEVER close at a target/tp...you could miss a monster move...(i've had several 300-400 pip trades and even a 638 pipper since 7/31/08)..."those who are right AND can sit tight..."-livermore...that's just me, though...there are really no hard, fast rules...only guidelines...

g/l & g/t
  • #6,413
  • Mar 3, 2009 10:48am Mar 3, 2009 10:48am
  •  hansnl
  • | Joined May 2007 | Status: don't get shot trade small lots | 83 Posts
Quoting BullsAndBear
click on that number scroll down till you see Jacko-4.pdf (http://www.forexfactory.com/attachment.php?attachmentid=185890&d=Dec%2024,%202008%2010:32am).

That is Jacko style compiled into one easy to read doc. Enjoy.....

Bully

ps, lol,,,even easier just click on the link i provided,,,,doesnt get easier than that....
Thanks BullsAndBear, you must be a mind-reader posting this while I was typing my previous post.??

salut ,

hans..
  • #6,414
  • Mar 3, 2009 11:21am Mar 3, 2009 11:21am
Sailor/Bully,

Thanks for your quick and informative responses! Like I said, I'm reading the backlogged stuff to learn from it, but I like to keep up with the current stuff as well. Lots of good information here - thanks again for the help.

Moose
  • #6,415
  • Mar 3, 2009 11:43pm Mar 3, 2009 11:43pm
Quoting plan-b
This is truly a life changing thread.
Thanks Jacko.

1.24 in 10 days max

happy trading to you all..
session lows at 1.2455 and now i see 1.2350 before the rate decision.

but i could be wrrrrrong
Some drink at the fountain of knowledge. Others just gargle !
  • #6,416
  • Edited 1:13am Mar 4, 2009 1:02am | Edited 1:13am
Quoting SailorFx
Hi Moose,

I am also new here, but if you go to Page 244, thread 3650, Jacko gives an updated version of the strategy with revised stop loss.

S
This makes it easier for you.

http://www.forexfactory.com/showpost.php?p=1978964&postcount=3650

This is me paying forward to new or novice traders. If you want to be a successful trader, learn everything you can about Jacko's method. Go back to the first page and read it until it is firmly understood.

As Jacko has said in his private blog, everyone else is facing huge 50% losses on stocks and property, even Warren Buffett is down 47%. But Jackos members are showing very substantial PROFITS on our trading. He is the man.
  • #6,417
  • Mar 4, 2009 1:22am Mar 4, 2009 1:22am
[quote=plan-b;2568705]This is truly a life changing thread.
Thanks Jacko.

quote]

Most of jacko's group would agree 110% with you
  • #6,418
  • Mar 4, 2009 6:27am Mar 4, 2009 6:27am
No blog entries for two days. I'm worried. This isn't like him.

More comp probs?

Flu?

Chinese terrorists?

Anybody know?

(Jacko Turtle) Milkdud.
  • #6,419
  • Mar 4, 2009 6:32am Mar 4, 2009 6:32am
Quoting captmilkdud
No blog entries for two days. I'm worried. This isn't like him.

More comp probs?

Flu?

Chinese terrorists?

Anybody know?

(Jacko Turtle) Milkdud.
He's made a post everyday to his waynejackson777 private blog - if that's what you are meaning?
  • #6,420
  • Mar 4, 2009 7:04am Mar 4, 2009 7:04am
Quoting McQueen68
short 2650 w/ 100tsl

g/l g/t to all
stopped out at 2556 (+94 pips)....going to watch and see how she reacts at 2600...if it's heavy resistance i may pick up a short at 2550...if she moves through it easily, i'll look to short at 2725 (50RT 2992-2456)...

g/l & g/t to all
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