Jacko's Forex House of Pleasure and Pain | Page 427 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #8,521
  • Jul 16, 2009 1:50am Jul 16, 2009 1:50am
Quoting lsg168
Oh, everyone is doing this in the group? And I thought I was the smart one.

I am not as patient as Jacko when waiting for the opportunity, so I go hunt for some more pips when the trap is set. Jacko has trained us to use the rifle approach and I have learnt from my experience that shotgun approach will not work over the long run (however broker loves you), so it is quality vs quantity.

Another one of those Jacko turtles who is making profits consistently. 20% so far this year in 3.5 months.
I like hunting especially when I know where the target is hiding.
Jacko's call early last week of the 4050 top was amazing. That was worth lots of money to me. His second call last week was a 50 pip winner too.
His call for an early top this week at 1.4130 was spot on with a high of 1.4034 yesterday. I bought all the way up on the up leg and then reversed and am in profit on the down leg.
He somehow knows where the market is going to go. I am getting bettter at it, but he is very experienced and is extra good at it. He has an above normal ability to see the market and where it is going.
  • #8,522
  • Jul 16, 2009 11:10am Jul 16, 2009 11:10am
I just might understand this system. I read the first few pages of this thread and the method truly is simple.

Jacko,

It looks to me like Eur/Usd is on its way up. However I am not sure if there will be a retracement at 1.4200 or if will breakout at 1.4200. My guess from your rule is that it will probably breakout. Any thoughts? I hope I understand this right.
  • #8,523
  • Jul 16, 2009 5:52pm Jul 16, 2009 5:52pm
Quoting jamiewhite
I like hunting especially when I know where the target is hiding.
Jacko's call early last week of the 4050 top was amazing. That was worth lots of money to me. His second call last week was a 50 pip winner too.
His call for an early top this week at 1.4130 was spot on with a high of 1.4034 yesterday. I bought all the way up on the up leg and then reversed and am in profit on the down leg.
He somehow knows where the market is going to go. I am getting bettter at it, but he is very experienced and is extra good at it. He has an above normal...
That should read 1.4134. He picked the top to within 4 pips.
  • #8,524
  • Jul 16, 2009 5:54pm Jul 16, 2009 5:54pm
Quoting jat011
I just might understand this system. I read the first few pages of this thread and the method truly is simple.

Jacko,

It looks to me like Eur/Usd is on its way up. However I am not sure if there will be a retracement at 1.4200 or if will breakout at 1.4200. My guess from your rule is that it will probably breakout. Any thoughts? I hope I understand this right.
His method is simple and makes profits. Have a peek at his results on page 6 of this thread.
http://www.forexfactory.com/showpost.php?p=1431044&postcount=85
  • #8,525
  • Jul 16, 2009 8:06pm Jul 16, 2009 8:06pm
Quoting jamiewhite
I am getting bettter at it, but he is very experienced and is extra good at it. He has an above normal ability to see the market and where it is going.
Yes, and that's an understatement. Sometimes i disagree with the directions he sets on his blog but i don't dare trade real money against him.. more often than not i'd get busted lol. Then i ask him why he believed the market was going x direction and he gives the simplest of reasons like "price broke x trendline and was showing weakness".
freedom
  • #8,526
  • Jul 16, 2009 9:01pm Jul 16, 2009 9:01pm
Remember Jacko said everyone gets lucky here and there but yeah he aniled that one damn near perfect.

Quoting jamiewhite
That should read 1.4134. He picked the top to within 4 pips.
  • #8,527
  • Jul 16, 2009 11:39pm Jul 16, 2009 11:39pm
Does anyone know of a good place where I can learn to draw fib lines. Jacko says he pays attention to the 50% level but I really have no idea what that is. I am playing around with the fib retracement tool in MT4 but its really like a 2 yr old drawing a picture. Any help here would be great.
  • #8,528
  • Jul 16, 2009 11:51pm Jul 16, 2009 11:51pm
It's just a demo but I am the quintessential "analysis paralysis" poster boy. I decided to go long at 1.4115. I have my stop loss 100 pips away and think it will trail every 50 pips. I hope that's right. Should I have a target price? Or should I let my trailing stop take me out?
  • #8,529
  • Jul 17, 2009 7:01am Jul 17, 2009 7:01am
Quoting jat011
It's just a demo but I am the quintessential "analysis paralysis" poster boy. I decided to go long at 1.4115. I have my stop loss 100 pips away and think it will trail every 50 pips. I hope that's right. Should I have a target price? Or should I let my trailing stop take me out?

Well jacko went short at 1.4130 lol. But now at 1.4097 i wouldn't tell anyone to go short since it's friday and there's a considerable difference between 1.4130 and 1.4097. Although the market is looking bearish.
freedom
  • #8,530
  • Jul 17, 2009 7:04am Jul 17, 2009 7:04am
4 hour looks up to me and weekly,daily down,any thoughts.
student
  • #8,531
  • Jul 17, 2009 7:09am Jul 17, 2009 7:09am
if you feel the trend is up,why did u not get the better price 050 to enter its about pullbacks,
student
  • #8,532
  • Jul 17, 2009 10:13am Jul 17, 2009 10:13am
Quoting equilibrium6
Well jacko went short at 1.4130 lol. But now at 1.4097 i wouldn't tell anyone to go short since it's friday and there's a considerable difference between 1.4130 and 1.4097. Although the market is looking bearish.
That was a good call. But of course that's why he is Jacko and I am learning. I also didn't know that he was going short since I am only a member of this forum and not a subscriber to Jacko's. I sure would like some pointers however.
  • #8,533
  • Jul 17, 2009 10:19am Jul 17, 2009 10:19am
Quoting garrye
if you feel the trend is up,why did u not get the better price 050 to enter its about pullbacks,
There was a significant pull back and I could have waited. Although the price never did reach 1.4050 and I am still in this trade due to the 100pip SL. Like I said before I am still learning and would like some pointers for those more experienced on the forum. I am still hoping someone could point me in the right dirrection to a thread or free info on how to draw Fib retracement.
  • #8,534
  • Jul 17, 2009 12:32pm Jul 17, 2009 12:32pm
trend in a trend ,some time up some times down,take off the table and trade what u see,you can eat tomorrow.learn too feed yourself.what more can one say
student
  • #8,535
  • Jul 17, 2009 12:39pm Jul 17, 2009 12:39pm
say 70 it does not matter.depends on what platform u trade,do the right thing,
student
  • #8,536
  • Jul 17, 2009 12:45pm Jul 17, 2009 12:45pm
fibs utube plenty too see
student
  • #8,537
  • Jul 17, 2009 6:20pm Jul 17, 2009 6:20pm
Quoting equilibrium6
Well jacko went short at 1.4130 lol. But now at 1.4097 i wouldn't tell anyone to go short since it's friday and there's a considerable difference between 1.4130 and 1.4097. Although the market is looking bearish.
I was on jacko's shorts too. I scooted out at 1.4070 for some nice quick pips. A lovely little trade
  • #8,538
  • Jul 17, 2009 6:22pm Jul 17, 2009 6:22pm
Quoting jat011
That was a good call. But of course that's why he is Jacko and I am learning. I also didn't know that he was going short since I am only a member of this forum and not a subscriber to Jacko's. I sure would like some pointers however.
Read the first page of this thread
  • #8,539
  • Jul 18, 2009 12:29am Jul 18, 2009 12:29am
Quoting jamiewhite
Read the first page of this thread
Thanks for the tip. Actually I have read the first few pages of this thread and I think it's really great stuff. KISS is definitely a much more attractive option than some of the other ideas floating around the forum. I already have enough complications going on. Tell me jamiewhite what is on the first page that you find particularly interesting or most important?
  • #8,540
  • Jul 18, 2009 1:20am Jul 18, 2009 1:20am
Quoting jacko


Firstly, how do you know what the trend is?

DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE.

.
I just wanted to get everyone's opinion here. What TF have yall chosen. I would especially like to here from any turtles. Is there a TF jacko recommends?
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