EURUSD | Page 6823 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #136,441
  • Aug 28, 2009 12:53pm Aug 28, 2009 12:53pm
Quoting plan-b
below is his exact words, the trader is wayne jackson, im sure you have come across him on FF

"Now tell me who the scalpers are that have show ANY evidence of their profitability, either by live trading on an open forum OR by trading with a group who see every trade and can measure the profitability of the scalper/trader.(such as my group or the James16 group)
In the three years I have been here, I haven't seen one.

As I said above, the short term scalpers come here and make a lot of aggressive noise because they...
Never heard of him.

What's his member name?

m
  • #136,442
  • Aug 28, 2009 12:54pm Aug 28, 2009 12:54pm
Quoting acumen
Never heard of him.

What's his member name?

m
He's talking about Jacko.
Up or down, gimme a ticket
  • #136,443
  • Aug 28, 2009 12:56pm Aug 28, 2009 12:56pm
Quoting acumen
Never heard of him.

What's his member name?

m
Jacko, trades only EUR/USD and occasionally posts on this thread.
his thread goes by the name "jackos forex house of pleasure and pain"
Some drink at the fountain of knowledge. Others just gargle !
  • #136,444
  • Aug 28, 2009 12:56pm Aug 28, 2009 12:56pm
Quoting Jack Herer
do you still trade that euro fractal strategy?

anyway, I have a 15M chart with that pivot point indicator of yours, very accurate, and what I found most interesting, if you take a look at the last 10~12 days, PA touched PP at least once over 80% of the time. Never seen it under 75% accuracy.

banked 30 pips today on the first touch of PP.

=D
I've been watching the charts so long I trade the nuances around the pivots.

For example... when the market is trending down and it touches the daily pivot in the Asian session or the start of the EURO... fist touch... it will bounce back 80% of the time.

m
  • #136,445
  • Aug 28, 2009 12:59pm Aug 28, 2009 12:59pm
Quoting SpecialEd
He's talking about Jacko.
Let's get the ball rolling.

Mike
  • #136,446
  • Aug 28, 2009 1:00pm Aug 28, 2009 1:00pm
Quoting SpecialEd
He's talking about Jacko.
Jacko's not selling a scalping system then? OK what is he selling?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #136,447
  • Aug 28, 2009 1:02pm Aug 28, 2009 1:02pm
Quoting acumen
I've been watching the charts so long I trade the nuances around the pivots.

For example... when the market is trending down and it touches the daily pivot in the Asian session or the start of the EURO... fist touch... it will bounce back 80% of the time.

m
the nuances, that's exactly what I'm trying to learn by spending hours watching the eur/usd...I'll get there

if you have anymore useful stats like that, please share, since it's rare to get solid advice from (profitable) scalpers here.

=)
  • #136,448
  • Aug 28, 2009 1:05pm Aug 28, 2009 1:05pm
Quoting The Fool
Jacko's not selling a scalping system then? OK what is he selling?
He is not selling anything, last year i read through live trades he was doing years back (on daily fx i think) before he began his thread on FF and in terms of personal volumes and returns he is a legend in my books and the group he mentors have seen it live
Some drink at the fountain of knowledge. Others just gargle !
  • #136,449
  • Aug 28, 2009 1:06pm Aug 28, 2009 1:06pm
I don't really want to get in the middle of this, but in my view there is a big difference between a day trader and a scalper. When you say scalper what do you mean by it?
  • #136,450
  • Aug 28, 2009 1:10pm Aug 28, 2009 1:10pm
Quoting plan-b
He is not selling anything, last year i read through live trades he was doing years back (on daily fx i think) before he began his thread on FF and in terms of personal volumes and returns he is a legend in my books and the group he mentors have seen it live
Doesn't he charge a fee for mentoring?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #136,451
  • Aug 28, 2009 1:12pm Aug 28, 2009 1:12pm
Quoting plan-b
below is his exact words, the trader is wayne jackson, im sure you have come across him on FF

"Now tell me who the scalpers are that have show ANY evidence of their profitability, either by live trading on an open forum OR by trading with a group who see every trade and can measure the profitability of the scalper/trader.(such as my group or the James16 group)
In the three years I have been here, I haven't seen one.

As I said above, the short term scalpers come here and make a lot of aggressive noise because they...
Tell him to come on over this thread or we can't start a new thread.

For that matter he can read through my posts a view a shit ton of trades.

Do my Oanda charts count? ... they are live hedge fund trades.

If you or he or anyone else needs to see the trades I'll have to trade a DEMO and that will slow me down... but I'll still win.

You started this... bring him over.

Mike
  • #136,452
  • Aug 28, 2009 1:12pm Aug 28, 2009 1:12pm
Quoting Jack Herer
the nuances, that's exactly what I'm trying to learn by spending hours watching the eur/usd...I'll get there

if you have anymore useful stats like that, please share, since it's rare to get solid advice from (profitable) scalpers here.

=)
you just need a clean chart.. but i dont scalp much..study this one. in real time.. on a 5.. add the other s/r you have. sl is 50% between line or less... certain number are stronger then others.. you be the judge


add in some skill and you got a million
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 19 KB
those who can, do. those who cant, talk about those who can
  • #136,453
  • Aug 28, 2009 1:14pm Aug 28, 2009 1:14pm
Quoting operigote
I don't really want to get in the middle of this, but in my view there is a big difference between a day trader and a scalper. When you say scalper what do you mean by it?

Don't sweat it, its a discussion on a slow friday not a fight
I will quote another FF legend James16 on his thoughts about scalpers

"99.99999 percent of "scalpers" trade like madmen and decades of broker statistics clearly show they dont have a snow balls chance in hell at success.

"scalpers" that succeed almost always have the following approach.

1. huge account.
2. set up that is not common but is very high odds when it does occur.
3. refuse to let a winner turn into a loser.
4. breakevens are wins.

if i have a set up that is 95 percent sure to give me 25 ticks or breakeven and im in and out in 60 seconds and that 25 ticks makes me 50,000 once a week am i a scalper?

hell yes.

problem is most "scalpers" think to be a scalper means 25 trades a day and its usually with a 1000 account and a method thats shaky at best.

this is all just my opinion and could be totally wrong. lol.

30 years tells me im probably right."
Some drink at the fountain of knowledge. Others just gargle !
  • #136,454
  • Aug 28, 2009 1:17pm Aug 28, 2009 1:17pm
Quoting Jack Herer
the nuances, that's exactly what I'm trying to learn by spending hours watching the eur/usd...I'll get there

if you have anymore useful stats like that, please share, since it's rare to get solid advice from (profitable) scalpers here.

=)
On trading pivots last year but it took too much time and I found out via a shit ton of research that there are patterns that exist on this pair that simply occur to frequently to be titled random.

I'm going to pick the book up again someday but it will be dedicated to scalping pivots.

I'm also re-authoring my site and putting together a system solely geared toward trading and scalping pivots.

Mike
  • #136,455
  • Aug 28, 2009 1:17pm Aug 28, 2009 1:17pm
We have not seen the Low Of Day yet
  • #136,456
  • Aug 28, 2009 1:17pm Aug 28, 2009 1:17pm
Quoting gatorinla
you just need a clean chart.. but i dont scalp much..study this one. in real time.. on a 5.. add the other s/r you have. sl is 50% between line or less... certain number are stronger then others.. you be the judge


add in some skill and you got a million

Hello Gator, what do you use to draw those lines? Is it a pivot indicator? Is the white line your daily pivot? Cause my pivot indicator shows the daily pivot at 4332 and yours is at 4362 (i think). Would consider sharing that?


Thanks
  • #136,457
  • Aug 28, 2009 1:19pm Aug 28, 2009 1:19pm
Quoting The Fool
Jacko's not selling a scalping system then? OK what is he selling?

Ah, lemme chime in here....

We're talking bout 2 different animals here.

I like to scalp. Just like acumen sez, you can do just fine taking
short term trades for a few pips, in and out all day.

I was busy yesterday scalping yen pairs as a matter of fact. Had like 30 trades.
Most won between 2 and 5 pips. some scratches and a couple of 10/12 pip losers.
It can ware you out, but it can be profitable.

So scalping is a bon-fide method or strategy in trading forex or futures.

The gentleman Plan-b is referencing is a position trader by most accounts.

I don't know this for a fact, but it wouldn't surprise me if he's been long since 125 or 130.
Like 4 or 5 months ago or something like that.

That's the way he does it. Others do it differently. Some of us even show off while we do it .

I would not care if 100 successful traders showed me 1000 examples of failed scalpers attemps to "beat the system'
or, 100 successful scalp traders showed me whatever they wanted to show,
Acumen, like many others, knows what HE IS capable of.
I sure as hell know what I can do and don't need to be told what.
If Mr. Jackson is grabbing 5 to 10 % currency moves over time on large lots
with even a modest amount of leverage, he's probably doing okay too.
He knows what works for him.

Many of us are paying our bills and buying junk and saving for whatever
on the crumbs left behind that we pick up from this huge internationally traded market.
So, for the record, scalping is a valid approach to extracting money from a market.
Limited exposure. defined risk. and certainly not for everyone.

Those of us who know, need no proof. My 2 cents......almost worth the cost.
  • #136,458
  • Aug 28, 2009 1:20pm Aug 28, 2009 1:20pm
Quoting The Fool
Doesn't he charge a fee for mentoring?
Yes, but only as a way of getting serious people, this is a guy who trades standard lots in the hundreds, and no i dont know him and neither im i member of his live group.
Read through his FF thread and you will understand.
I am surprised people here have not heard about him.
Some drink at the fountain of knowledge. Others just gargle !
  • #136,459
  • Aug 28, 2009 1:21pm Aug 28, 2009 1:21pm
Quoting gatorinla
you just need a clean chart.. but i dont scalp much..study this one. in real time.. on a 5.. add the other s/r you have. sl is 50% between line or less... certain number are stronger then others.. you be the judge


add in some skill and you got a million
I wasn't sure about you at first contact... because I thought your 'lines' were to obtuse.

Now I'm sure... you can trade and know more than most.

I read all your posts now and look closely at those damn lines.

m
  • #136,460
  • Aug 28, 2009 1:23pm Aug 28, 2009 1:23pm
Quoting mokonni
We have not seen the Low Of Day yet
Some bank traders just closed out their positions.

m
3,326 traders viewing now