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Jacko's Forex House of Pleasure and Pain

  • #8,861
  • Aug 13, 2009 10:09am Aug 13, 2009 10:09am
Quoting IliaM
JP you got in right after the news huh?
was thinking to do that but didnt know what to expect so i stayed out.
Not really. FOMC statement was at 18:15G MT. I waited for the whipsaws to tone down before re-evaluating our previous Long and deciding whether that Long was still the way to go. My Buy Limit order was picked up a couple of hours later (20:39 GMT) while I was already sleeping. As I wrote here (http://www.forexfactory.com/showpost.php?p=2940702&postcount=8779) "Even Jacko believes that we stand no chance in trading the news (http://www.forexfactory.com/showpost.php?p=1425775&postcount=7)."

Cheers,
  • #8,862
  • Aug 13, 2009 10:38am Aug 13, 2009 10:38am
Quoting Joe T
My plan was to wait on my AH before making any other trades, and my AH was picked up overnight at 1.4279. Not based on any analysis, just the AH strategy. Will re-evaluate my charts when this trade is done.
Hey Joe,

Better check on your Long closely. We seem to be hitting Resistance on two falling TLs around .4330ish.

My 0.02 pips.

Cheers
  • #8,863
  • Aug 13, 2009 10:49am Aug 13, 2009 10:49am
Quoting RickyRudy
Congrats on the win JP. I tried joining you but stubbornly thought I could've gotten a better entry, which never came. You are the man at picking the right point to enter. That's something I'm working on.

I kind of wish your situation allowed you to ride this thing further. It's going above 1.4300, maybe even to just above 1.4400.
Hey RR,

Thanks. But I don't consider myself 'the man' at picking entries. I'm just really, really patient... LOL.

In hindsight, I should have let that trade play longer, but today I took the day off and since I didn't consider this a 'premium trade' I decided to take profits while I could, instead of risking getting closed out at B/E.
  • #8,864
  • Aug 13, 2009 10:24pm Aug 13, 2009 10:24pm
Quoting coscorp
I wouldn't mind seeing him in here again....

all we can do is wait and see....
Hi, coscorp! I'm here now . . . (LOL!)

How's Italy? It's been awhile. Good to see this is still progressing.
  • #8,865
  • Aug 14, 2009 12:54am Aug 14, 2009 12:54am
Hi there!...

Good to see you back....everything fine here...(the trading at least LOL)


Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #8,866
  • Aug 14, 2009 10:49am Aug 14, 2009 10:49am
Quoting RickyRudy
Congrats on the win JP. I tried joining you but stubbornly thought I could've gotten a better entry, which never came. You are the man at picking the right point to enter. That's something I'm working on.

I kind of wish your situation allowed you to ride this thing further. It's going above 1.4300, maybe even to just above 1.4400.
Ok, so it went as high as 1.4327. I was thinking it would go a little higher. I'm done trading for the week.
  • #8,867
  • Aug 14, 2009 11:41am Aug 14, 2009 11:41am
learning from my last mistake
do not have pos over the weekends.
  • #8,868
  • Aug 14, 2009 5:26pm Aug 14, 2009 5:26pm
so how does this thread works? Jacko tells us which currency to put the trade on and then he gives us end numbers when to stop the thread?

Please please reply to this message. If jacko really gives the things out whats the usual time he does this?

I am so lost in all these 5 star threads.
  • #8,869
  • Aug 14, 2009 5:31pm Aug 14, 2009 5:31pm
Quoting TheFutureAce
so how does this thread works? Jacko tells us which currency to put the trade on and then he gives us end numbers when to stop the thread?

Please please reply to this message. If jacko really gives the things out whats the usual time he does this?

I am so lost in all these 5 star threads.
The same wall all threads work, you pretty much have to read the entire thread from the start to understand.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,870
  • Aug 14, 2009 5:45pm Aug 14, 2009 5:45pm
Quoting LasVahGoose
The same wall all threads work, you pretty much have to read the entire thread from the start to understand.


thanks Man... but this thread is 592 pages....wow
  • #8,871
  • Aug 14, 2009 5:50pm Aug 14, 2009 5:50pm
well i read it last weekend so am sure you can ...

pu it this way it you can take the time to look at the thread you might have the persistence to make a go as a trader.

A tip for you ... read the first 10 pages to give u feel for things and do a search for pdf files in this thread and you should find the pdf file with most of what you need in one place.

Good luck

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #8,872
  • Aug 14, 2009 5:53pm Aug 14, 2009 5:53pm
Quoting TheFutureAce
thanks Man... but this thread is 592 pages....wow
This may help ease the start. This is not a substitute for reading the thread.

Jacko's Trading Compiled by BarryPips (http://www.forexfactory.com/attachment.php?attachmentid=245334&d=May%2012,%202009%204:09am)
  • #8,873
  • Aug 14, 2009 6:03pm Aug 14, 2009 6:03pm
Ace, yeah it's a long thread but worth the read...it doesn't take long to catch up and it's worth it--well most of it is; except for the pi**ing contests that come along every now and then-hahaha
  • #8,874
  • Aug 15, 2009 7:09am Aug 15, 2009 7:09am
Quoting Fx_Genius
This may help ease the start. This is not a substitute for reading the thread.

Jacko's Trading Compiled by BarryPips (http://www.forexfactory.com/attachment.php?attachmentid=245334&d=May%2012,%202009%204:09am)
Thanks Fx_Genius

I've already read all the posts, And his blog,
But this is a nice reference to keep

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #8,875
  • Aug 15, 2009 12:52pm Aug 15, 2009 12:52pm
Thanks guys for all the support. I have started to read the thread and at 150 page now. Hope to finish it today...

Thanks
  • #8,876
  • Aug 15, 2009 7:12pm Aug 15, 2009 7:12pm
Hello everyone...

I was reading about EU and tax law, and found out that in 2011, member states will levy an initial tax witholding on interest payments of 35% for individuals.

Wow.

but then they say, "legal entities" aren/'t subject to these witholdings.

I'm no tax attorney, but I do think there must be some knowledgeable people here who might be able to share some insight.

What's a decent approach to achieve 1) privacy 2) safety of funds 3) easy access to funds, preferably via free wire transfers

Much obliged!
  • #8,877
  • Aug 15, 2009 11:33pm Aug 15, 2009 11:33pm
Quoting digitil

I'm no tax attorney, but I do think there must be some knowledgeable people here who might be able to share some insight.

What's a decent approach to achieve 1) privacy 2) safety of funds 3) easy access to funds, preferably via free wire transfers

Much obliged!
I don't know about the UK, but the US has a company called Green Trader who helps traders with taxation, and legal entity set-up.

Here's the link: http://www.greencompany.com/EducationCenter/GTTRecCurrency.shtml

They may not be able to help you, but maybe they could set you on the path to find a similar organization in the UK.

Obviously, it costs money, but I am certain it pays for itself in the long run.
  • #8,878
  • Aug 16, 2009 2:50am Aug 16, 2009 2:50am
This thread has so much informtion that I am flattered to be part of this thread

thanks
  • #8,879
  • Aug 16, 2009 12:18pm Aug 16, 2009 12:18pm
Quoting TheFutureAce
This thread has so much informtion that I am flattered to be part of this thread

thanks
There are a lot of skilled individual on this thread to learn from.
And it's base is very solid.

Myself, I'm getting a re-education in Forex. Of coarse, I still mess with EA's a little on the side. But how I write them, Has definitely changed. And my live account is all manual.

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #8,880
  • Aug 16, 2009 5:41pm Aug 16, 2009 5:41pm
Hi FX Genius,

thanks for posting the link barrypips

Can you explane about the gann method retracement of 3 bars.
I looked at the diogram but still have problems.
is the 3 bars retrace rule on the day chart?

Thanks in advance, Gary
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