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Jacko's Forex House of Pleasure and Pain

  • #7,381
  • May 2, 2009 10:49am May 2, 2009 10:49am
Thanks, bulls. I didn't catch that this morning when I was reading Bloomberg. This will make for an interesting Friday. Coscorp can now rest easy.
  • #7,382
  • May 2, 2009 10:59am May 2, 2009 10:59am
Quoting hans356
Thanks, bulls. I didn't catch that this morning when I was reading Bloomberg. This will make for an interesting Friday. Coscorp can now rest easy.

Just in case I have my megasize popcorn ready so i can enjoy the show...lol
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7,383
  • May 2, 2009 11:21am May 2, 2009 11:21am
Quoting coscorp
I just hope I can get in and ride it all the way adding positions as we go along...

Yesssssss!!!!!
  • #7,384
  • May 2, 2009 11:25am May 2, 2009 11:25am
Quoting BullsAndBear
UPDATE ON STRESS TESTS:

http://www.bloomberg.com/apps/news?pid=20601083&sid=aVlgKH_MT_mo&refer=currency

By Craig Torres and Robert Schmidt
May 1 (Bloomberg) -- The Federal Reserve is postponing the release of stress tests on the biggest U.S. banks while executives debate preliminary findings with examiners, according to government and industry officials.
The results, originally scheduled for publication on May 4, now may not be revealed until toward the end of next week, said the people, who declined to be identified. [b]A...

There may be a show to fade, but I hope that the major market players will show the previews early on, if that has not been done already!
  • #7,385
  • May 2, 2009 11:37am May 2, 2009 11:37am
Is it just a coincidence these stress tests have been rescheduled to around the same time as the ECB meeting? Probably nothing,,,,,,,

bulls
Whats happening in EUR/USD should be happening to you!
  • #7,386
  • May 2, 2009 11:49am May 2, 2009 11:49am
Has anyone picked up any patterns in those 19 bank stocks on the hook? Obviously GS feels itself in good position. If the banks have the info, I suspect the market has it too by now.
  • #7,387
  • May 2, 2009 12:03pm May 2, 2009 12:03pm
Agreed. I have not studied the patterns of those troubled banks. Although, I'm sure the "Oracle of Omaha" knows Goldman Sachs' current position, whether good or bad. I still think the numbers being released (whenever they get released) will be inflated.

Question: If the released news is negative, will this act as prior negative news by strengthening the U.S. dollar, OR will negative news begin its toll on the U.S. dollar strength by weakening it?
  • #7,388
  • May 2, 2009 12:08pm May 2, 2009 12:08pm
Quoting Alexandra
Yesssssss!!!!!

ehehe...now just for fun...considering a major trend change could bring even 2000 pips...scaling in every 50 pips...I'd end up trading at least 20 contracts (again)....

you just have to have the nerve..and equity to hold on to every position you open...

for now I'll stick with shoot and kill...no prisoners allowed...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7,389
  • Edited 12:34pm May 2, 2009 12:11pm | Edited 12:34pm
Quoting hans356
Agreed. I have not studied the patterns of those troubled banks. Although, I'm sure the "Oracle of Omaha" knows Goldman Sachs' current position, whether good or bad. I still think the numbers being released (whenever they get released) will be inflated.

Question: If the released news is negative, will this act as prior negative news by strengthening the U.S. dollar, OR will negative news begin its toll on the U.S. dollar strength by weakening it?

Question of the day, indeed! - risk aversion should mean repeated flows into the dollar and the yen, as we've gotten used to. Major players, however, should be positioned already. Jacko is closer than Warren to this thread! I'd like to hear his thoughts and, more importantly, the underlying rationale.
  • #7,390
  • May 2, 2009 12:12pm May 2, 2009 12:12pm
Quoting hans356
Agreed. I have not studied the patterns of those troubled banks. Although, I'm sure the "Oracle of Omaha" knows Goldman Sachs' current position, whether good or bad. I still think the numbers being released (whenever they get released) will be inflated.

Question: If the released news is negative, will this act as prior negative news by strengthening the U.S. dollar, OR will negative news begin its toll on the U.S. dollar strength by weakening it?

I would hope that the USD will continue on its recent path of relatively "normal" behaviour against what we saw in the last 4 - 5 months where it appeared that not even an asteroid flattening washington would weaken it...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7,391
  • May 2, 2009 12:15pm May 2, 2009 12:15pm
Quoting deepsouth
Homer,
I am no expert here, but this is how I see the 4H trend using roughly 300 bars. It seems down to me. Price is struggling with the triangle it's in right now, but IMO the downtrend is in tact on the 4H. I think sustained price action above the 1.3400 area would place the 4H in a range if not the start of an uptrend....
Hi deepsouth,

Would u please post the time clock indicator. Some time i am little bit confused gmt and my local time pst time.

Regards,

bc
  • #7,392
  • May 2, 2009 12:21pm May 2, 2009 12:21pm
Quoting coscorp
I would hope that the USD will continue on its recent path of relatively "normal" behaviour against what we saw in the last 4 - 5 months where it appeared that not even an asteroid flattening washington would weaken it...

That's both good and bad for us. FWIW, I have noticed less recent pervasive flux on EUR/JPY with regard to rumors about the US automakers. I found those fluctuations quite annoying, but again, perception is reality for us to make money.
  • #7,393
  • May 2, 2009 12:38pm May 2, 2009 12:38pm
true...but after the roller coaster I'll gladly take a less frequent and smaller albeit stronger move (ie that reaches the expected level) so that I can increase my sizing with a relative degree of safety...with all the if ands and stuff the term safety entails in this business...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #7,394
  • Edited 1:02pm May 2, 2009 12:47pm | Edited 1:02pm
Hey guys nothing to do today but analysis. Hope I am not clogging up the thread but i thought this stuff was interesting......some of this isnt tried and true jacko analysis either so newbs do not pay attention,,,,,,,,hehe

we got a triangle formed on the 4h,,,,,,,,the bias is down in a downtrend,,,but the lower TL has been tested more on 4h,,and not penetrating the 21ema,,,good s/r level.......

Higher high and higher low on the weekly indicating strong chance to break upper trendline,and price closed above 5ema and 21ema good case for further upside,,,,,also in a triangle,,,,,

2 near dojis on the monthly indicating indecision, also closing above 5 ema looking to pullback to 21ema as price often does,,,,Bias being to the down side I know, but also in a triangle,,,,,

It would seem where we go from here is going to break strong trendlines in either direction all starting with the 4h scenario, we are at an incredible crossroads here,,,,,,,
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Whats happening in EUR/USD should be happening to you!
  • #7,395
  • May 2, 2009 1:24pm May 2, 2009 1:24pm
Quote
Hi deepsouth,

Would u please post the time clock indicator. Some time i am little bit confused gmt and my local time pst time.

Regards,

bc

Here you go
Attached File(s)
File Type: ex4 Clock_v1_2.ex4   14 KB | 387 downloads
  • #7,396
  • May 2, 2009 2:36pm May 2, 2009 2:36pm
Quoting deepsouth
Here you go
Thank you
  • #7,397
  • May 2, 2009 4:07pm May 2, 2009 4:07pm
Quoting BullsAndBear
Is it just a coincidence these stress tests have been rescheduled to around the same time as the ECB meeting? Probably nothing,,,,,,,

bulls
Good question, I think everything depends on fact no coincidence ,Looks like we need more stress here
When i read all of this in last 10 days make me imagin as if i'm in movie sence" western cowboy with guns and music run da da ... both ready to shooting eachother
  • #7,398
  • May 2, 2009 6:37pm May 2, 2009 6:37pm
I am not a member of Jacko's group yet but I am planning to become one soon. I have been in e-mail contact with him and asked him some questions to which he has replied quickly and honestly.

I see that Jacko uses a 100 pip TSL. I see many of you have your own way of managing the SL, I was wondering are there people in here who trade it exactly the way Jacko does (100 TSL)?

For those of you having your own way of managing the SL, have you experienced any significant gains compared to Jacko's 100 pip TSL?

Also what is the AH (Anti-Hedging) strategy you guys are talking about?

Thanks.
  • #7,399
  • May 2, 2009 7:53pm May 2, 2009 7:53pm
Quoting artov
......
Also what is the AH (Anti-Hedging) strategy you guys are talking about?

Thanks.
You may like to check page#1 of this thread.
The Thief of Wall Street
  • #7,400
  • May 2, 2009 8:20pm May 2, 2009 8:20pm
Quoting Alexandra
Has anyone picked up any patterns in those 19 bank stocks on the hook? Obviously GS feels itself in good position. If the banks have the info, I suspect the market has it too by now.

I am not a poster on this thread .

I am a volume trader I use VSA .

There is very high volume on Goldman after an uptrust , this seems to be the 1st sign of distribution . I bought a little FAZ when i saw this.

also this news

http://www.bloomberg.com/apps/news?pid=20601087&sid=aJrpK_5OglGI&refer=home

why would this be on the wires if everything really was ok . ??? seems odd to me.

and this

Goldman Sachs earlier this month reported $1.81 billion in first-quarter profit (http://www.bloomberg.com/apps/quote?ticker=GS%3AUS), more than double the average estimate of analysts. The bank said it intends to use the $5 billion raised in its stock offering to help repay the U.S. government for a capital injection from the Troubled Asset Relief Program. Repayment would free the bank from restrictions on compensation and hiring.

HOLD ON THE TARP REPAYMENT IS 1.81 BILLION WHAT IS THE OTHER 3.2 BILLION BEING USED FOR IS GOLDMAN IS SO PROFITABLE ?

and this :

Goldman's 2008 fiscal year ended Nov. 30. This year the company is
switching to a calendar year. The leaves December as an orphan month, one that will be largely ignored. In Goldman's news release, and in most of
the news reports, the quarter ended March 31 is compared to the quarter last year that ending in February. GUESS WHERE ALL THE LOSSES ARE NO WONDER THEY MADE PROFIT !!!

It all smells to me , will be watching carefully next week , not sure what effect this will have on the market , but typically if indexes go down USD gets stronger.



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