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Trading Aussie Jacko Style

  • #661
  • Mar 3, 2009 8:01am Mar 3, 2009 8:01am
Quoting razldazl
Hi,
looks like a nice 4hr pin off the 61 fib of the last downmove, so I will jump in at 0.6400 for a short on that one...take care, Raz
Right,
stopped -60 (ouch), so AH would come into play if we get up to 0.6510

That would mean I will have two AHs going if we drop from up there, one at 0.6460 (if we get to 0.6510) and the other order which is in already is a sell stop at 0.6342

No more trades until my AHs are picked up...take care, Raz

March total= +34-60= -26
Never say never.
  • #662
  • Mar 4, 2009 1:39am Mar 4, 2009 1:39am
AH at 0.6342 picked up, stop at 0.6400
This trade was picked up overnight so I didnt have time to take profit, it already went to +65, and bottomed. In fact we have a double bottom which is worrying, but lets see where it goes, currently -22, take care, Raz
Never say never.
  • #663
  • Mar 4, 2009 2:43am Mar 4, 2009 2:43am
Quoting razldazl
AH at 0.6342 picked up, stop at 0.6400
This trade was picked up overnight so I didnt have time to take profit, it already went to +65, and bottomed. In fact we have a double bottom which is worrying, but lets see where it goes, currently -22, take care, Raz
Ok,
bad luck, stopped at -52.
I think I was wrong not to have taken profit at the double bottom and should have had my stop at breakeven after that...but hindsight is 100% lol,
anyway
March to date

-26-52= -78 total
Never say never.
  • #664
  • Mar 4, 2009 1:44pm Mar 4, 2009 1:44pm
AH short order placed at 0.6460, now that we have reached 0.6510
Never say never.
  • #665
  • Mar 4, 2009 8:18pm Mar 4, 2009 8:18pm
Quoting razldazl
AH short order placed at 0.6460, now that we have reached 0.6510
Alarm just went off, this trade has been executed and is at +40, taking 1/3 off the table and sl to breakeven...back to bed
Never say never.
  • #666
  • Mar 5, 2009 6:36am Mar 5, 2009 6:36am
Quoting razldazl
Alarm just went off, this trade has been executed and is at +40, taking 1/3 off the table and sl to breakeven...back to bed
took another 1/3 off at 0.6390, +70, could bounce here at 61 fib of last upmove...
Never say never.
  • #667
  • Mar 5, 2009 2:06pm Mar 5, 2009 2:06pm
Quoting razldazl
took another 1/3 off at 0.6390, +70, could bounce here at 61 fib of last upmove...
Ok,
so I have pulled my stop to 0.6410, thats +50
so we have 1/3 at +40, 1/3 at +70 and stop at be which guarantees 1/3 at +50 minimum, so total (minimum) for this trade is 13.3+23.3+16.3=+53 minimum

So new total for march is -78+53=-25 in worst case scenario
Never say never.
  • #668
  • Mar 5, 2009 5:15pm Mar 5, 2009 5:15pm
Quoting razldazl
Ok,
so I have pulled my stop to 0.6410, thats +50
so we have 1/3 at +40, 1/3 at +70 and stop at be which guarantees 1/3 at +50 minimum, so total (minimum) for this trade is 13.3+23.3+16.3=+53 minimum

So new total for march is -78+53=-25 in worst case scenario
Hi Raz!

Nice to see you going full throttle again! I guess you will end up in surplus with this one!

Have a good one!
Ciao!
Matt
  • #669
  • Edited 4:22am Mar 6, 2009 4:10am | Edited 4:22am
Ok,
so knocked out at 0.6410, it looks like it wasnt the right decision, but its a crazy market so sometimes its just better to be safe and take something than lose it all...

So as I said yesterday we have 1/3 at +40, 1/3 at +70 and stop at be which guarantees 1/3 at +50 , so total for this trade is 13.3+23.3+16.3=+53

So new total for march is -78+53=-25

PS Hey Matt! Nice to see youuuuuuuuu, Im leaving it now for the week, NFP messes things up. We will see where we are on Monday, take care of yourself!

PS I just want everyone to know that Jacko does not take profit as I am doing, basically its a measure I have adopted against the volatility of late, but Jacko does not take profit, he generally adds to trades at designated areas after he is in profit by 200 pips or so. I added a blurb on the first page which indicates the differences between how Jacko trades and how I have adapted his strategy. The taking profit has helped me, as I found I was taking it all or nothing and giving back a lot of profit..I havent decided if this will become a permanent part of my trading, but for now I am using it.
Never say never.
  • #670
  • Mar 6, 2009 5:32pm Mar 6, 2009 5:32pm
Raz now doing dishes

That's what hubbies are for

Apologies if there isn't one
  • #671
  • Mar 7, 2009 7:04am Mar 7, 2009 7:04am
Quoting NuckingFuts
Raz now doing dishes

That's what hubbies are for

Apologies if there isn't one
Ha ha, yes I have one but hes Spanish= he doesnt do dishes. Maybe he thinks he too special lollllll
Never say never.
  • #672
  • Mar 9, 2009 6:11am Mar 9, 2009 6:11am
Ok,
Im going to refer you to some charts on Fourkids thread, he is looking for the same thing I am, for a trade, which is a break of the triangle/trendline to the bottom and a pullback to the same area. Lets see if we can break the trendline....
heres the link: http://www.forexfactory.com/showpost...5&postcount=64
take care all, Raz
Never say never.
  • #673
  • Mar 30, 2009 1:29am Mar 30, 2009 1:29am
...at 0.6800 if seen, sl 0.6850
Never say never.
  • #674
  • Edited 3:35am Mar 30, 2009 2:43am | Edited 3:35am
Quoting razldazl
...at 0.6800 if seen, sl 0.6850
Ok that was fast, stop at breakeven now we have broken that hourly double low at 0.6776, so free trade, take care, Raz

edit:am so asleep from time change was looking at 5m chart not hourly, so Im not leaving my stop at be yet, will leave it at 0.6820 until we break the last hourly low at 0.6769
Never say never.
  • #675
  • Edited 4:25am Mar 30, 2009 4:06am | Edited 4:25am
Hi, Raz.

Why are you looking for short positions?
As for me the trendline (by Sperandeo) was broken, then tested without new min and now I think that [email protected] (50% from current swing) (or 0.68 with AH) will be rather perspective.

Thanks for your effort - it's very interesting for me.
And sure - I could be totally wrong

PS
Sorry - can't attach pix (probably have few posts)
My TL goes throw 2008.07.22 and 2008.09.22 on Daily
  • #676
  • Mar 30, 2009 4:43am Mar 30, 2009 4:43am
hiya leshun,
If you take a look at the weekly chart, we closed with a pinbar off the 78 fib of the last drop(0.7268-0.6300ish) , which has been triggered now. Looking a bit more closely we broke through a 4hr supporting trendline, and I sold on a break of the hourly consolidation at 0.6800...I favour shorts on this pair but I could be wrong too! take care, Raz
Never say never.
  • #677
  • Mar 30, 2009 6:28am Mar 30, 2009 6:28am
Thanks Raz!

I haven't noticed this PB on Weekly
But from your swing 0.6750 is close to 50% and for me Daily TL is more important than 4hr's

Let's look and GL to us

But I still think AUD is generating new uptrend here.

PS
Don't trade AUD live with Jacko style yet - just learning this pair on demo.
Have live orders on JPY now - with Jacko's approach of course.
  • #678
  • Mar 30, 2009 2:48pm Mar 30, 2009 2:48pm
I think this fell asleep a couple hours ago...
Never say never.
  • #679
  • Mar 31, 2009 2:26am Mar 31, 2009 2:26am
Right, so knocked out of that last trade at 0.6821, the market has moved 50 beyond that, so my AH order has been placed for a stop sell at 0.6821 now. To be honest I was kind of expecting aud to pull back even as far as 0.7000 before dropping, which is why I tightened up my stop so quickly, but my bias is still definitely down. If Im wrong Im wrong and IŽll move on from there

so march close is:
-25-21=-46, pending AH on that last trade
Never say never.
  • #680
  • Mar 31, 2009 8:42am Mar 31, 2009 8:42am
Raz,

I think the first TL has been broken (if we get new min I will reanalyze and redraw this TL).
So - PB against possible trend (second TL) confuses me.

Just my thoughts.

And more interesting - if AUD continues its upward movement, by/with which conditions you can change your mind?

Thanks.
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