Thanks garrye.
I was worried that for a first post, I may be overstepping my bounds a bit. I guess my thought in all this, as I stated to someone else earlier today, is that I think the principles of what Jacko is giving us here can be applied pretty much in any market: be it Forex, stocks, commodities, etc. Perhaps not universal on every pair, commodity, or NYSE listing, but in principle we should be able to find good opportunities to apply these things elsewhere. Should anything ever happen in the Forex market regulation or sudden switch to global currency, or any other scenario that makes the specific task of trading eurusd difficult or impossible, we should all be able to move on to other things with the principles we've learned and be OK. If we can't talk about what some of the differences are between currencies or other markets in reference to using Jacko's method, I suspect that everything Jacko was shooting for in having us understand what he's doing will have failed.
In no way am I suggesting that the primary focus NOT be eurusd and the more specific rules applied to eurusd. But discussions on how one might take the trailing stop on eurusd and adapt it to other currencies or markets, in my opinion, would not only be appropriate but outright helpful for a greater understanding as to why a certain trailing stop makes sense in this market. In fact, it may help the thread become more than just a thread where people are just posting their trades on the eurusd with no corresponding analysis, or simple accolades about Jacko with no detail as to how or why a particular call was made.
Anyway, I won't beat a dead horse. Just sharing my thoughts.
I was worried that for a first post, I may be overstepping my bounds a bit. I guess my thought in all this, as I stated to someone else earlier today, is that I think the principles of what Jacko is giving us here can be applied pretty much in any market: be it Forex, stocks, commodities, etc. Perhaps not universal on every pair, commodity, or NYSE listing, but in principle we should be able to find good opportunities to apply these things elsewhere. Should anything ever happen in the Forex market regulation or sudden switch to global currency, or any other scenario that makes the specific task of trading eurusd difficult or impossible, we should all be able to move on to other things with the principles we've learned and be OK. If we can't talk about what some of the differences are between currencies or other markets in reference to using Jacko's method, I suspect that everything Jacko was shooting for in having us understand what he's doing will have failed.
In no way am I suggesting that the primary focus NOT be eurusd and the more specific rules applied to eurusd. But discussions on how one might take the trailing stop on eurusd and adapt it to other currencies or markets, in my opinion, would not only be appropriate but outright helpful for a greater understanding as to why a certain trailing stop makes sense in this market. In fact, it may help the thread become more than just a thread where people are just posting their trades on the eurusd with no corresponding analysis, or simple accolades about Jacko with no detail as to how or why a particular call was made.
Anyway, I won't beat a dead horse. Just sharing my thoughts.