Jacko's Forex House of Pleasure and Pain | Page 449 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #8,961
  • Aug 21, 2009 8:10pm Aug 21, 2009 8:10pm
Quoting dwildes
You gotta take what you read here with a grain of salt. Not many turtles will tell the full picture of Jacko's thought process, or his current trades out of respect (myself included).

To answer that question though - he has been both long & short biased a few times throughout this year. There are also counter-trend trades that go on among those trades as well.

Just stick with it on a demo account for a few months. Document to yourself all the reasoning of why you risk your hard earned money on a particular trade, and review it afterwords - especially...
Wayne has been long and short because we are all trading the 4H timeperiods, He changed to the 4H early this year to combat the volatility caused by the GFC.
  • #8,962
  • Aug 21, 2009 8:45pm Aug 21, 2009 8:45pm
Quoting teddybearhug
Wayne has been long and short because we are all trading the 4H timeperiods, He changed to the 4H early this year to combat the volatility caused by the GFC.
I know that - what's your point?
  • #8,963
  • Aug 22, 2009 10:32am Aug 22, 2009 10:32am
Would any Jacko turtles be interested in a private discussion group on Facebook? PM me with the 1st sentence of Jacko's Aug 21 entry if you are.

Thanks,
Karin
  • #8,964
  • Aug 23, 2009 1:58pm Aug 23, 2009 1:58pm
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting khernandez
Would any Jacko turtles be interested in a private discussion group on Facebook? PM me with the 1st sentence of Jacko's Aug 21 entry if you are.

Thanks,
Karin
Who or what are Jacko turtles?
I have seen the enemy, and it is me.
  • #8,965
  • Aug 23, 2009 6:36pm Aug 23, 2009 6:36pm
I did read the first page in detail. Very informative and eye opeing.
But I could not locate Jacko's trading method.
What set up does he wait for? I understand that he bases his trade entry on H4 chart. But, what is it that he looks for?
Did I miss it, or it is on another page,
Or, it is confidential?
Any help is greatly appreciated.
Jaan
  • #8,966
  • Aug 23, 2009 6:43pm Aug 23, 2009 6:43pm
Quoting Jey
Who or what are Jacko turtles?
From http://waynejacksonfx.blogspot.com/ (To lazy to search this forum, its here also)

In late October 2007, due to a number of requests from traders on ForexFactory, I started a mentoring and training group which was hugely successful and those traders became known as Jacko's Turtles (after the famous Turtle training experience in the 1980's).

Turtle Trading: A Market Legend (http://www.investopedia.com/articles/trading/08/turtle-trading.asp)

Hope it helps.
  • #8,967
  • Aug 23, 2009 10:58pm Aug 23, 2009 10:58pm
Quoting Jaan
I did read the first page in detail. Very informative and eye opeing.
But I could not locate Jacko's trading method.
What set up does he wait for? I understand that he bases his trade entry on H4 chart. But, what is it that he looks for?
Did I miss it, or it is on another page,
Or, it is confidential?
Any help is greatly appreciated.
Jaan
I'm sure you already read the method but perhaps of its simplicity it did not register for you yet.

So again, the method is pretty simple (non secret) and straight forward. Look at the link in my Sig below. Read it many times and look at a EURUSD 4hour/Daily chart until you get it...
  • #8,968
  • Aug 24, 2009 3:42pm Aug 24, 2009 3:42pm
Quoting jacko
As stated above, I don't use 40/50 pips SLs at the moment because of the 300+% increase in volatility.

[color=#ff0000][color=black]The volatility has made it more difficult, but traders need to learn to adapt to the changed circumstances. And if you were going to trade, you had to be very, very selective. We hunkered down and became very selective and were still able to pump out...
Mr jacko
Long time nothing from you!Hope all fine.

Plz Keep posting, There are many guys here waiting your post and your advices.

Thanks
  • #8,969
  • Aug 24, 2009 3:47pm Aug 24, 2009 3:47pm
Does anyone know where to get free 'price alerts' from (apart from dailyfx as they dont seem to work). Would be useful to be able to have some price alerts at times when I am at work.

thanks
  • #8,970
  • Aug 24, 2009 8:41pm Aug 24, 2009 8:41pm
http://www.newsimpact.com/price-alerts.aspx

try this for price alerts
  • #8,971
  • Aug 24, 2009 9:10pm Aug 24, 2009 9:10pm
Many thanks Dart
Works like a charm

Bill
  • #8,972
  • Aug 24, 2009 9:49pm Aug 24, 2009 9:49pm
Quoting egkid
Mr jacko
Long time nothing from you!Hope all fine.

Plz Keep posting, There are many guys here waiting your post and your advices.

Thanks
Hi egkid

I am very well. Thank you.

I may not post here very often but I am always popping in just to have a look to see that the thread is being kept on track.

Even though I don't post here very often the members of the private trading group have a good presence here and they tend to keep the newbies here on the right track.

I would like to post more often but I am very aware that there is a tendency of some young guys who come here aggressively wanting to argue with the older members of the forum. They want to argue about anything to do with trading with absolutely no intention of listening to what others have to say.
For example, if I said the sky was blue,they would say that it was yellow. Then they would argue with me to prove that the sky is blue. And then they would argue with me that I have to dis-prove that the sky was yellow. Do I need that???? I need that like I need a bad case of haemorrhoids.
Unfortunately, it is the reason why many senior members have left here over time. It is the downside of "free speech" and the anonymous nature of forums that anyone can come here and slander and defame people with impunity, especially when they put their real name out on the forum Unfortunately, when I started posting, I made the mistake of saying who I was. So anyone who comes here and slanders Wayne Jackson is slandering ME, not just some anonymous handle on an internet web site.

But having said all that, I am proud of what I have started here. If I have helped some traders become more profitable by reading this thread then I have achieved what I set out to achieve.
  • #8,973
  • Aug 24, 2009 10:01pm Aug 24, 2009 10:01pm
Quoting jacko
Hi egkid

I am very well. Thank you.

I may not post here very often but I am always popping in just to have a look to see that the thread is being kept on track.

Even though I don't post here very often the members of the private trading group have a good presence here and they tend to keep the newbies here on the right track.

I would like to post more often but I am very aware that there is a tendency of some young guys who come here aggressively wanting to argue with the older members of the forum. They want to argue about anything to...
You spelled hemorrhoids wrong
History is written by the victors.
  • #8,974
  • Aug 24, 2009 10:33pm Aug 24, 2009 10:33pm
Quoting Money-RX
You spelled hemorrhoids wrong
Thats because I have never had them... I take it that you have vast experience in these matters
  • #8,975
  • Aug 24, 2009 10:35pm Aug 24, 2009 10:35pm
Glad someone has a sense of humor
History is written by the victors.
  • #8,976
  • Aug 24, 2009 11:05pm Aug 24, 2009 11:05pm
Quoting jacko
Hi egkid

I am very well. Thank you.

I may not post here very often but I am always popping in just to have a look to see that the thread is being kept on track.

Even though I don't post here very often the members of the private trading group have a good presence here and they tend to keep the newbies here on the right track.

I would like to post more often but I am very aware that there is a tendency of some young guys who come here aggressively wanting to argue with the older members of the forum. They want to argue about anything...
WAYNE, THANK YOU SO MUCH! YOU ARE A GREAT TEACHER AND MENTOR!

Joe Smith
  • #8,977
  • Aug 25, 2009 12:51am Aug 25, 2009 12:51am
Hello Wayne - good to see you here...


J.


P.S:got any medical brandy left?


Quoting jacko
Hi egkid

I am very well. Thank you.

I may not post here very often but I am always popping in just to have a look to see that the thread is being kept on track.

Even though I don't post here very often the members of the private trading group have a good presence here and they tend to keep the newbies here on the right track.

I would like to post more often but I am very aware that there is a tendency of some young guys who come here aggressively wanting to argue with the older members of the forum. They want to argue about anything to...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #8,978
  • Aug 25, 2009 1:10am Aug 25, 2009 1:10am
Quoting coscorp
Hello Wayne - good to see you here...

P.S:got any medical brandy left?
Hi John

The flu put up a good fight but I eventually drowned the sucker with the third bottle of brandy. (for medicinal purposes only)

.
  • #8,979
  • Aug 25, 2009 1:28am Aug 25, 2009 1:28am
Quoting dart
http://www.newsimpact.com/price-alerts.aspx

try this for price alerts
Excellent - thanks
  • #8,980
  • Edited 3:43am Aug 25, 2009 3:41am | Edited 3:43am
Quoting Money-RX
You spelled hemorrhoids wrong
I don't think he did

Haemorrhoids (http://www.bbc.co.uk/health/conditions/haemorrhoids1.shtml)

Chris

And no, i've never had 'em either!!
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