Jacko's Forex House of Pleasure and Pain | Page 363 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #7,241
  • Apr 27, 2009 2:03pm Apr 27, 2009 2:03pm
Quoting mall
WOW, 415 x 20 is 8300?
this is amazing!
you obvously make lots of good old dollars with Jack!
congrat
wondering are you hired soliciting!

just nosey

HO HUM....'nother one?...


my my .....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7,242
  • Apr 27, 2009 2:04pm Apr 27, 2009 2:04pm
Quoting hans356
LOL!!!! Good for them. I entered the market at 1.3201, added to the position at 1.31, and then placed a TP for both positions at 1.3 and have not been hit yet. Because the spread is 2 pips, the market fell to 1.2999, but not 1.2998. LOL!!!!

Still waiting for it to get hit. Missed it by one pip.

P.S. I use IBFX. Maybe they were the ones who stopped it by ONE PIP.

I entered the market at 1.31000. but iam going until my trailing stop hits (100)

one pip he..he..
  • #7,243
  • Apr 27, 2009 3:31pm Apr 27, 2009 3:31pm
Quoting msenocak
I don't know if a calculation tool like this exist . . .
Thanks for the work, msenocak.
  • #7,244
  • Edited 8:38pm Apr 27, 2009 5:45pm | Edited 8:38pm
Another successful run with Jacko's strategy in mind.
I entered at 1.3192 after beeing stopped out with my previous trade.
-after collecting my nice profit-
I thought...the weekly and daily trends are down so HA and this time...since I believe in the trend... I go with 2X...
I did and happy I went...
I will take PT at 300 pips or at trail stop out.
why 300 pips?
Because it feels right.

So?
I was at my new work-job....
without any concerned about the market...
I just let it be...
That is what I call a relaxed way to trade...
Trading and having a life...

In my next run, I will increase my trading size...

Thanks once again to Jacko.
Empty as water and soft as a facing wind mountain
  • #7,245
  • Apr 27, 2009 7:03pm Apr 27, 2009 7:03pm
Quoting coscorp
nazeri....on the second chart the high tl is more or less correct from what i can see...now draw in a lower tl that is parallel if possible to the one above it...


that is the channel in which price moves and gies you the general trend....
Hai Coscorp

Thanks for correcting me.

I wish you could answer some more & sorry for taking your valuable times, looking to your advised, my understanding now, I need to looking for 300 period on specific tf and draw single resistance line and single support line (linking all the high and all the low) The said lines does not necessary from end to end of the 300 period. Am I right?

So, post no. 4 was written by just to elaborate/give some idea on where the trend are heading. Nothing to do with the need to draw one single line.

Thank you for your kind help.

Nazeri
  • #7,246
  • Apr 27, 2009 8:14pm Apr 27, 2009 8:14pm
Here is the one I use.

Quoting msenocak
Hi everyone,

I'm new to Forex and to this thread. I'd like to say that I learned a lot from Jacko's and other members' posts and I thank you all for that. (252 pips in 24 hours in demo account )

I have a limited budget. Therefore, I have to calculate the lot size and the risk very carefully. I could not find any calculation tool for that. So I sat down and created a spreadsheet that does exactly that.

I don't know if a calculation tool like this exist or what you all are using, but I thought I will provide this tool as a token of my...
Attached File(s)
File Type: zip risk.zip   7 KB | 417 downloads
  • #7,247
  • Apr 27, 2009 8:33pm Apr 27, 2009 8:33pm
A real basic risk calculator.
Attached File(s)
File Type: xls Easy Money management calculations 20070308(1).xls   15 KB | 690 downloads
  • #7,248
  • Apr 27, 2009 8:49pm Apr 27, 2009 8:49pm
Quoting kodflakes
Here is the one I use.
Hi kodflakes,

Thank you for sharing your risk calculation file, but I cannot open any file in .xlsx format. Could you please put it in Excel 2003 compatible format (.xls?).

Thanks.
  • #7,249
  • Apr 27, 2009 8:51pm Apr 27, 2009 8:51pm
Quoting deepsouth
A real basic risk calculator.
Hi deepsouth,

Thank you for sharing your risk calculation spreadsheet. It looks good.
  • #7,250
  • Apr 27, 2009 9:36pm Apr 27, 2009 9:36pm
Quoting deepsouth
A real basic risk calculator.
Is it based on the standard lot size or mini/micro
  • #7,251
  • Apr 27, 2009 9:43pm Apr 27, 2009 9:43pm
Quote
Is it based on the standard lot size or mini/micro

I don't think it matters. Change the Capital/equity, risk%, and stop you will use and it adjusts lot size accordingly...

DS
  • #7,252
  • Apr 27, 2009 9:57pm Apr 27, 2009 9:57pm
Quoting deepsouth
I don't think it matters. Change the Capital/equity, risk%, and stop you will use and it adjusts lot size accordingly...

DS
thanks for the prompt reply.... One thing i could not understand was if i increase the capital to $10000.00, it allows me to enter 2 lots with a stoploss of 100 pips which is 2000 (100*20) based on standard lot size. While the 2% of 10000.00 is 200. could u please help me pointing out my mistake in calculation......thanks
  • #7,253
  • Apr 27, 2009 10:10pm Apr 27, 2009 10:10pm
Quote
thanks for the prompt reply.... One thing i could not understand was if i increase the capital to $10000.00, it allows me to enter 2 lots with a stoploss of 100 pips which is 2000 (100*20) based on standard lot size. While the 2% of 10000.00 is 200. could u please help me pointing out my mistake in calculation......thanks

You are correct. It appears to be for minis only. I never noticed this before as I am still trading minis...sorry for the confusion...
  • #7,254
  • Edited 11:11pm Apr 27, 2009 10:30pm | Edited 11:11pm
Quoting deepsouth
I don't think it matters. Change the Capital/equity, risk%, and stop you will use and it adjusts lot size accordingly...

DS
I think your calculation is based on the mini size.

When we calculate the number of lots, we basically have to find out how many times we can fit the Dollar value of our stop-loss pips inside of our max. risk. Since the Dollar value of pips depends on whether you use standard or mini account it affects the calculation of the lot size too.
  • #7,255
  • Apr 27, 2009 10:31pm Apr 27, 2009 10:31pm
Quoting msenocak
Hi kodflakes,

Thank you for sharing your risk calculation file, but I cannot open any file in .xlsx format. Could you please put it in Excel 2003 compatible format (.xls?).

Thanks.
Here you go
Attached File(s)
File Type: xls risk.xls   20 KB | 460 downloads
  • #7,256
  • Apr 27, 2009 11:05pm Apr 27, 2009 11:05pm
Quoting kodflakes
Here you go
Thank you kodflakes.
  • #7,257
  • Apr 28, 2009 12:45am Apr 28, 2009 12:45am
Hello All,

Can someone explain what is the money management philosophy that the Jacko group follows? Is it a fixed percentage of equity or some other philosophy?

Regards,
Eklavya
  • #7,258
  • Apr 28, 2009 1:50am Apr 28, 2009 1:50am
Quoting Eklavya
Hello All,

Can someone explain what is the money management philosophy that the Jacko group follows? Is it a fixed percentage of equity or some other philosophy?

Regards,
Eklavya
Jacko recommends that you trade no more than 2% of your trading capital on any one trade. But some of us have a higher risk tolerance
  • #7,259
  • Apr 28, 2009 2:17am Apr 28, 2009 2:17am
Quoting fxtrader29
Fifth trade I won 112 pips. The total tally in 13 days is 415 pips @ $20 each. $8300
On for the next target
Won some more in late US session.
  • #7,260
  • Apr 28, 2009 9:44am Apr 28, 2009 9:44am
correct me if i have wrong. The Anti-Hedging Strategy:
i only use that when i didn't take any profit?
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