Jacko's Forex House of Pleasure and Pain | Page 356 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #7,101
  • Apr 20, 2009 9:47pm Apr 20, 2009 9:47pm
Quoting psneto
Hi luSan,

could you share your charts?
Sure.
Very simple...
1. double top on weekly...go long dollars
2. double top on daily....get ready to buy dollars.
3. Reversal on 4H...jump in, buy, and ride your dollar bull
Attached Image
Empty as water and soft as a facing wind mountain
  • #7,102
  • Apr 20, 2009 9:50pm Apr 20, 2009 9:50pm
Quoting psneto
Hi luSan,

could you share your charts?
Hi psneto,

I think it would be better if you understood the strategy underneath the trade before you just looked at a chart of one or two trades. Have a read of the first page of the thread and it should be clear.

If you still want to see luSans charts (and luSan wants to put them here) I have no issue with that, but it helps to understand the strategy first.

.
Jacko
  • #7,103
  • Apr 20, 2009 10:07pm Apr 20, 2009 10:07pm
Hi jacko,

Would you mind sharing some stories about your pre-fx trading ventures? Which markets did you trade before coming to fx and did you also apply the same AH strategy to those markets? How long did it take you to become successful?

Thanks!
  • #7,104
  • Apr 21, 2009 12:01am Apr 21, 2009 12:01am
Quoting jacko
Hi psneto,

I think it would be better if you understood the strategy underneath the trade before you just looked at a chart of one or two trades. Have a read of the first page of the thread and it should be clear.

If you still want to see luSans charts (and luSan wants to put them here) I have no issue with that, but it helps to understand the strategy first.

.
Jacko
Hi Jacko,

I read it already and actually I posted a chart here last week asking if my TL was correct but nobody gave me a feedback. So when I asked for his charts I was actually planning to use it to compare to my chart and see if I'm doing correctly. But I will read the first page again, for sure

thanks for all help and advices!
  • #7,105
  • Apr 21, 2009 12:17am Apr 21, 2009 12:17am
below is how I have my TL now, if I understood it correctly, I will sell around 1.2976 or if it breaks the TL. But I'm not sure which TL is valid for down-trend right now. the outside (aqua) or the inner ( dark blue).
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 24 KB
  • #7,106
  • Apr 21, 2009 2:51am Apr 21, 2009 2:51am
Hi,

given you must trade the TF you feel comfortable with...having price broken the shorter term TL for me it has lost it's significance if not as possible support if/when price should reach that level - however I don't hold my breath for TL's based on such short TF's...so I would prefer the longer/stronger one.

personally I like TF to be H4 at least (smallest TF that Jacko uses currently)...but if possible I work down from daily and weekly so I can see major TL's as well...also the .50 fib lines (again weekly, daily and H4)....and if I see confluence....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7,107
  • Apr 21, 2009 3:24am Apr 21, 2009 3:24am
Quoting trader john
congrats on your trades!

They worked this time as the market has dived, without a retracement, if we had a retracement your 1.3080 would not of been a good sell price.

But hey, it worked this time, so enjoy!
thanks
yes i think you are right - definitely agressive entries - some of it was gut feel that the market was heading down, combined with the fact that it was breaking the lower low
will be waiting for some kind of retrace before going short again.
  • #7,108
  • Apr 21, 2009 9:34am Apr 21, 2009 9:34am
Quoting luSan
Sure.
Very simple...
1. double top on weekly...go long dollars
2. double top on daily....get ready to buy dollars.
3. Reversal on 4H...jump in, buy, and ride your dollar bull
LuSan,

thanks for your charts!
  • #7,109
  • Apr 21, 2009 10:56am Apr 21, 2009 10:56am
Quoting luSan
Sure.
Very simple...
1. double top on weekly...go long dollars
2. double top on daily....get ready to buy dollars.
3. Reversal on 4H...jump in, buy, and ride your dollar bull


LOL- I don't know why it is so easy for me to see afterwards but so hard to see as it's happening!
Did get some pips out of it though.
Good job lusan!
  • #7,110
  • Apr 23, 2009 1:00am Apr 23, 2009 1:00am
it's risky, counter trend, but this thing is looong overdue for a retrace.
I think we will see 1.3100 in the next 12hrs
  • #7,111
  • Apr 23, 2009 1:52am Apr 23, 2009 1:52am
Quoting jacko
Hi hilmy,

You really don't want to know.....

It is all relative...I trade large lots so my drawdowns (as a percentage of earnings) were initially a bit scary. (However, the drawdowns are now seriously limited by the anti-hedge limits).

In an attempt to put it into context the following is a summary of the growth of my accounts over time (as documented in the live-trade / live-time thread at DailyFX)

http://www.learncurrencytrading.com/fxforum/showthread.php?t=2373&highlight=leveraged+trading

[b]The following was...

Hey jacko,

this is good honest gear. How do I contact you?
  • #7,112
  • Apr 23, 2009 2:03am Apr 23, 2009 2:03am
Quoting jacko
Why do I trade Forex?
Because I am ABSOLUTELY CONVINCED that this is the best "business" in the world.

There are:
1. no rent of offices (that is, NO dealing with Realtors, Lawyers, and government departments...man, what a pain in the ass). Also no office fit-out costs

2. no staff, (man, unless you have had large numbers of staff depending on YOU for their paypacket each week, you cannot know what a huge pain in the ass it is. They ALL want you to solve their problems)

[b]3. No...
Doh, I got it
http://waynejacksonfx.blogspot.com (http://waynejacksonfx.blogspot.com/)
  • #7,113
  • Apr 23, 2009 8:02am Apr 23, 2009 8:02am
Quoting Nanook438
LOL- I don't know why it is so easy for me to see afterwards but so hard to see as it's happening!
Did get some pips out of it though.
Good job lusan!
Hi Nanook

Its like that for everyone. The 20/20 hindsight is a beautiful thing.

.
Jacko
  • #7,114
  • Apr 23, 2009 8:12am Apr 23, 2009 8:12am
Quoting jacko
Hi Nanook

Its like that for everyone. The 20/20 hindsight is a beautiful thing.

.
Jacko

Hi guys!

Sorry for my stupid question but what is 20/20? And what is 20/20 hindsight?

btw: Great thread. I have changed my view on the market upside down (or downside up? LOL)
  • #7,115
  • Apr 23, 2009 8:31am Apr 23, 2009 8:31am
hi,

20/20 is a reference to vision. if you have 20/20 vision it's the standard for "normal"/"good" vision when you have your eyes tested.
so 20/20 hindsight means that you can see everything very clearly when you look BACK at it. but not so much trying to predict the future.

hope that helps!
hadley
  • #7,116
  • Apr 23, 2009 8:39am Apr 23, 2009 8:39am
Blasted!!! It looks as though the S/R level at 1.3090-ish held . . . for now. I'm not sure if it will return to that level. There seems to be quite a bit of SELLER momentum at the moment.

Now . . . it's just a waiting game.
  • #7,117
  • Apr 23, 2009 8:42am Apr 23, 2009 8:42am
Quoting hadley
hi,

20/20 is a reference to vision. if you have 20/20 vision it's the standard for "normal"/"good" vision when you have your eyes tested.
so 20/20 hindsight means that you can see everything very clearly when you look BACK at it. but not so much trying to predict the future.

hope that helps!
hadley

Great, thanks!
  • #7,118
  • Apr 23, 2009 8:50am Apr 23, 2009 8:50am
Quoting hans356
Blasted!!! It looks as though the S/R level at 1.3090-ish held . . . for now. I'm not sure if it will return to that level. There seems to be quite a bit of SELLER momentum at the moment.

Now . . . it's just a waiting game.

Hans, for what its worth, I think you're right. Patience & some time will find the price rallying back to the 1.3095 area. That appears to me to be approx. the 50% fib & near the round number as well. I have an order waiting to sell there & also at 1.3150. We'll see. I'm just learning Jacko's style. Hope I'm doing this right!!
  • #7,119
  • Apr 23, 2009 8:52am Apr 23, 2009 8:52am
Hi guys!

Q: Does anyone have some indicator/script which trails my stops according to Jacko rules? That I could set 100p and go to work?

I went trough FF but could not find the one...

Thank you for your help!
  • #7,120
  • Apr 23, 2009 9:00am Apr 23, 2009 9:00am
Quoting elcm
Hi guys!

Q: Does anyone have some indicator/script which trails my stops according to Jacko rules? That I could set 100p and go to work?

I went trough FF but could not find the one...

Thank you for your help!
Haven't had a look at this myself but try here:

http://www.forexfactory.com/showthread.php?t=44285
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