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Jacko's Forex House of Pleasure and Pain

  • #8,441
  • Jul 3, 2009 5:25am Jul 3, 2009 5:25am
Quoting RickyRudy
Congratulations. Way to manage that trade. Nice way to start the month.
Thanks!
I've seen so much crap on here the past few weeks/months about how Jacko's students don't speak about performance or the way we trade, etc.. So I thought I would post a full trade and the thought process behind it. I tried to keep it light as to not clutter the thread.
  • #8,442
  • Jul 3, 2009 4:49pm Jul 3, 2009 4:49pm
Quoting mea
valid point...
AH works only if the price comes back and keep going in prefered direction
but also can take you into the trade and goes in the oposite direction.

AH is not pullet proof it an attemt to make loosers to winners if price does where the trader want price to do.

sometimes price can be wrrooooong!
sorry

wrong, price never is wrooong!
  • #8,443
  • Jul 3, 2009 9:17pm Jul 3, 2009 9:17pm
Quoting mea
sorry

wrong, price never is wrooong!
I was going to say that when I saw your earlier, post but I didn't want to argue. It is good to see you corrected it yourself
  • #8,444
  • Jul 3, 2009 9:19pm Jul 3, 2009 9:19pm
Quoting dwildes
I closed this trade for +200 pips.
Reason for closing: showing signs of retracement
Nice win
  • #8,445
  • Jul 3, 2009 10:45pm Jul 3, 2009 10:45pm
This is a first class thread. The first page is the best. The anti-hedge trade rule is genius. Thanks for sharing all of it here Jacko
  • #8,446
  • Jul 4, 2009 12:17am Jul 4, 2009 12:17am
Quoting mea
valid point...
sometimes price can be wrrooooong!
Quoting mea
sorry
wrong, price never is wrooong!
Quoting gregwallace
I was going to say that when I saw your earlier, post but I didn't want to argue. It is good to see you corrected it yourself
LOL. Yeah, mea, I'm glad you corrected it too. I saw it when you first posted it and was like, WTF?

I was going to correct you then I thought, "What do I know, maybe he trades with Bernie Madolf."
  • #8,447
  • Jul 4, 2009 1:59pm Jul 4, 2009 1:59pm
Quoting kenkomo
This is a first class thread. The first page is the best. The anti-hedge trade rule is genius. Thanks for sharing all of it here Jacko
I second that!
  • #8,448
  • Jul 5, 2009 9:08am Jul 5, 2009 9:08am
Quoting RickyRudy
LOL. Yeah, mea, I'm glad you corrected it too. I saw it when you first posted it and was like, WTF?

I was going to correct you then I thought, "What do I know, maybe he trades with ."

Bernie Madolf
  • #8,449
  • Jul 5, 2009 11:33pm Jul 5, 2009 11:33pm
Quoting kenkomo
This is a first class thread. The first page is the best. The anti-hedge trade rule is genius. Thanks for sharing all of it here Jacko
The system set out on the first page IS first class. But it is Wayne's maturity and long term view that has impressed me the most. He sees this as a life time career and not an attempt at becoming a millionaire overnight. His results have definitely shown me that forex trading is the career I want to have. My trading has already shown a big improvement from his advise. I can only get better at this.
  • #8,450
  • Jul 7, 2009 6:11pm Jul 7, 2009 6:11pm
Quoting teddybearhug
The system set out on the first page IS first class. But it is Wayne's maturity and long term view that has impressed me the most. He sees this as a life time career and not an attempt at becoming a millionaire overnight. His results have definitely shown me that forex trading is the career I want to have. My trading has already shown a big improvement from his advise. I can only get better at this.

His experience has shot me forward years. Thank you is just not enough.
  • #8,451
  • Jul 8, 2009 12:03am Jul 8, 2009 12:03am
Hi Wayne,

How do you do it? I mean waiting 'til the right moment comes to exit.

I received your SMS last night and entered a short position following your trade. After a while I saw the market still going down as you predicted.
It was such a good feeling to see my pips increasing that I could not wait any longer and exited at 1.3925. Fear to lose what I already got, I guess. I just received your other SMS that you exited at 1.3905. My first thought was "How does he do it?"

Yes, my question is: How do you do it? Do you drink half a bottle of California Cabernet and just forget the whole trade. I guess not. Does Mrs. Jacko put handcuffs on you and doesn't let you near the computer? I don't know. But there must be some secret that you have not told us yet. So what is it that makes you wait until the right moment comes to exit?


BTW: Thank you for the message. My account appreciate it very much.

Stay well!
  • #8,452
  • Jul 8, 2009 6:48am Jul 8, 2009 6:48am
I'm beginning to think that he has a crystal ball that he is not telling us about
It's NOT GAMBLING when the odds are in your favor
  • #8,453
  • Jul 8, 2009 8:53am Jul 8, 2009 8:53am
Quoting User Name
I'm beginning to think that he has a crystal ball that he is not telling us about
If he has a crystal ball, I wish I had a small piece of it.
  • #8,454
  • Jul 8, 2009 11:36am Jul 8, 2009 11:36am
Quoting User Name
I'm beginning to think that he has a crystal ball that he is not telling us about
I think you're right, User Name! I also think he has more than one crystal ball. One with the word "Experience" written on it. The other one with the word "Patience". I guess you have to have the first one first before getting the second one.

As for me, since I don't have any of these crystal balls (I have other ones ), I'll go out today and buy myself a pair of handcuffs and will not touch my trade until I get another SMS from Wayne to exit.

Good luck to all of you!
  • #8,455
  • Jul 8, 2009 12:15pm Jul 8, 2009 12:15pm
Quoting msenocak
I think you're right, User Name! I also think he has more than one crystal ball. One with the word "Experience" written on it. The other one with the word "Patience". I guess you have to have the first one first before getting the second one.

As for me, since I don't have any of these crystal balls (I have other ones ), I'll go out today and buy myself a pair of handcuffs and will not touch my trade until I get another SMS from Wayne to exit.

Good luck to all of you!
I think I have mastered the patience part, but I took the easy way out, because I have a 2nd account in addition to the primary one which is a little less then 1% of the size of my main one. I use that one to satisfy the urge to make B and C trades and counter trend trades. If I have a loss in that one it doesn't bother me at all. I leave the main account for only high probability "A" trades.

Experience on the other hand I do not have, but that's where Jacko comes in and helps out
It's NOT GAMBLING when the odds are in your favor
  • #8,456
  • Jul 8, 2009 12:29pm Jul 8, 2009 12:29pm
just how does one get in jacko's group????
  • #8,457
  • Jul 8, 2009 12:39pm Jul 8, 2009 12:39pm
Quoting mfoste1
just how does one get in jacko's group????

Info is on the first page.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,458
  • Jul 8, 2009 12:41pm Jul 8, 2009 12:41pm
Quoting mfoste1
just how does one get in jacko's group????
mfoste1,

All is explained here: http://waynejacksonfx.blogspot.com/.

Have fun!
  • #8,459
  • Jul 8, 2009 2:14pm Jul 8, 2009 2:14pm
I'm absolutely sure I can complement this method.
Be and do the opposite to what people expect.
  • #8,460
  • Jul 8, 2009 4:06pm Jul 8, 2009 4:06pm
More than 2 years since this thread was started and still going. I've spent endless time lurking around FF and all the other forums looking for the holy grail, and I have to say that this by far has been the 'cleanest' and the most focused thread ever. Very positive vibes.

Jacko, your 'simplicity is the ultimate sophistication' way of trading has really enlightened me. I am beginning to see the light at the end of the tunnel and also beginning to see and understand the beast a lot better as I start stripping layers and layers of indicators off it.

Regardless if the old-timers are still hanging around, I just want to express my deepest gratitude to Jacko and those that have contributed abundantly and selflessly in this thread. Thank you so much for all the effort you have put in. You guys are real champions!

Regards

Zen
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