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Jacko's Forex House of Pleasure and Pain

  • #9,241
  • Sep 8, 2009 6:03am Sep 8, 2009 6:03am
market spike ! i was taken out

now waiting for next trade !
Trading Forever !!!
  • #9,242
  • Sep 8, 2009 7:04am Sep 8, 2009 7:04am
Hugely successful trader eh ? His spiel is convincing....yet his forum links to a blog where he's just another chancer flogging a mentoring course for a mere $700.....pull the other one jacko baby......
He was looking for the card so high and wild hed never need to deal another
  • #9,243
  • Sep 8, 2009 7:08am Sep 8, 2009 7:08am
Quoting cscheat
market spike ! i was taken out

now waiting for next trade !
what was your trade?
  • #9,244
  • Sep 8, 2009 7:11am Sep 8, 2009 7:11am
I've been with him a year..... he's the real deal and $700 for a mentor with his experience is unbelievable good value.

I've paid 7 times that on a weekend course that cuts you lose as soon as you walk out the building.

What experiences do you base your judgement on. It's always useful to learn from others.

Good Luck

Cheers
Dave

Quoting dr_who
Hugely successful trader eh ? His spiel is convincing....yet his forum links to a blog where he's just another chancer flogging a mentoring course for a mere $700.....pull the other one jacko baby......
Each loss is one step closer to a winner!!! Cheers, Dave
  • #9,245
  • Sep 8, 2009 7:13am Sep 8, 2009 7:13am
Boo Hoo.... Me Too....

AH trade here we come......... each loss is one step closer to a win!!!

Quoting cscheat
market spike ! i was taken out

now waiting for next trade !
Each loss is one step closer to a winner!!! Cheers, Dave
  • #9,246
  • Sep 8, 2009 7:17am Sep 8, 2009 7:17am
Quoting dr_who
Hugely successful trader eh ? His spiel is convincing....yet his forum links to a blog where he's just another chancer flogging a mentoring course for a mere $700.....pull the other one jacko baby......
move on troll
  • #9,247
  • Sep 8, 2009 7:18am Sep 8, 2009 7:18am
Quoting dr_who
Hugely successful trader eh ? His spiel is convincing....yet his forum links to a blog where he's just another chancer flogging a mentoring course for a mere $700.....pull the other one jacko baby......
YAWN, here we go again........
  • #9,248
  • Sep 8, 2009 7:25am Sep 8, 2009 7:25am
Quoting madpommie
Boo Hoo.... Me Too....

AH trade here we come......... each loss is one step closer to a win!!!
Hi Dave,

Can I ask... did you get stopped out after shorting the upper trendline?

Regards,

Dan
  • #9,249
  • Sep 8, 2009 7:38am Sep 8, 2009 7:38am
Hi Dan

It was Waynes trade with entry short of upper trend line. Market spiked this morning on news so now waiting for price to go 50 pips above stop to reenter where we were stopped out.

Not sure what I'm allowed to put where Waynes trades are concerned after the event.

I'll email him and check unless anyone else in his group can let me know.



Quoting DanUK
Hi Dave,

Can I ask... did you get stopped out after shorting the upper trendline?

Regards,

Dan
Each loss is one step closer to a winner!!! Cheers, Dave
  • #9,250
  • Sep 8, 2009 7:54am Sep 8, 2009 7:54am
Quoting madpommie
Hi Dan

It was Waynes trade with entry short of upper trend line. Market spiked this morning on news so now waiting for price to go 50 pips above stop to reenter where we were stopped out.

Not sure what I'm allowed to put where Waynes trades are concerned after the event.

I'll email him and check unless anyone else in his group can let me know.
I see, thanks.

I think the preference is for them not to be discussed here, so we should end the discussion of where's and why's, however... wouldn't you say that shorting the market would be against the main trend and therefore the anti-hedge strategy would not apply here?

Regards,

Dan
  • #9,251
  • Sep 8, 2009 8:09am Sep 8, 2009 8:09am
Hi Dan

I've emailed Wayne for future reference.

I think that you are right and we would now look for the break to be retested, though I'm sure we've gone long on a prior retest.

Are you in Waynes blog??

Quoting DanUK
I see, thanks.

I think the preference is for them not to be discussed here, so we should end the discussion of where's and why's, however... wouldn't you say that shorting the market would be against the main trend and therefore the anti-hedge strategy would not apply here?

Regards,

Dan
Each loss is one step closer to a winner!!! Cheers, Dave
  • #9,252
  • Sep 8, 2009 8:17am Sep 8, 2009 8:17am
It seems to me that 1.4500 is holding strength as resistance, waiting for Wayne's text message when to activate the AH.
  • #9,253
  • Sep 8, 2009 8:39am Sep 8, 2009 8:39am
Quoting madpommie
Hi Dan

I've emailed Wayne for future reference.

I think that you are right and we would now look for the break to be retested, though I'm sure we've gone long on a prior retest.

Are you in Waynes blog??
Hi Dave,

I suppose one thing to think is that price will come back down so you could get in on that action if you feel it is justified. My preference is on the long side so I won't be taking any shorts, but that is just my personal preference.

Regards,

Dan

PS no I'm not part of the private blog.
  • #9,254
  • Sep 8, 2009 9:00am Sep 8, 2009 9:00am
Hello! I have been reading this thread for a while. I am going to sign up to Jacko's soon. Question? Why doesn't he also trade the usdchf. I works opposite of the eurusd at 93% of the time. So when you take a trade on the eurusd buy, then take a sell on the usdchf. I do love that he only deals in one pair (eurusd), but if I was going to take another pair it would be the usdchf. Just my two cents.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #9,255
  • Sep 8, 2009 9:08am Sep 8, 2009 9:08am
thats what i was thinking

Bill

Quoting carlen68
Hello! I have been reading this thread for a while. I am going to sign up to Jacko's soon. Question? Why doesn't he also trade the usdchf. I works opposite of the eurusd at 93% of the time. So when you take a trade on the eurusd buy, then take a sell on the usdchf. I do love that he only deals in one pair (eurusd), but if I was going to take another pair it would be the usdchf. Just my two cents.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #9,256
  • Sep 8, 2009 9:09am Sep 8, 2009 9:09am
If you can trade the movement of 2 pairs in 1 pair, why even consider trading 2 pairs?

It's a lot more easier and relaxing to focus on 1 pair.

Quoting carlen68
Hello! I have been reading this thread for a while. I am going to sign up to Jacko's soon. Question? Why doesn't he also trade the usdchf. I works opposite of the eurusd at 93% of the time. So when you take a trade on the eurusd buy, then take a sell on the usdchf. I do love that he only deals in one pair (eurusd), but if I was going to take another pair it would be the usdchf. Just my two cents.
  • #9,257
  • Sep 8, 2009 9:09am Sep 8, 2009 9:09am
Quoting carlen68
Hello! I have been reading this thread for a while. I am going to sign up to Jacko's soon. Question? Why doesn't he also trade the usdchf. I works opposite of the eurusd at 93% of the time. So when you take a trade on the eurusd buy, then take a sell on the usdchf. I do love that he only deals in one pair (eurusd), but if I was going to take another pair it would be the usdchf. Just my two cents.
Hi,

I think the reason is basically "why bother"! In many cases, especially highly correlating pairs you are really just increasing your exposure to the market. If you want to do that you could just increase your position size on your E/U trades.

Personally, I do trade other pairs... but it's probably only due to impatience! I can certainly see the reasoning behind specialising in just one pair.

Regards,

Dan
  • #9,258
  • Sep 8, 2009 9:10am Sep 8, 2009 9:10am
I was waiting for a correction back down to the 14200 - 14250 level as well...guess it wasn't to be..having price broken the upper channel boundary I'm going to stay out until I see something a bit more defined....


on another note if I may...I see many are simply piggybacking (blindly in some cases I fear) Wayne's trades - which in itself is statistically very profitable...however I would strongly suggest to try and do one's own analysis on possible direction/strength of price and if it doesn't line up with Wayne then try to understand why - even not getting in a trade isn't a bad exercise because albeit money would likely be made...it would be best sometimes to sit and watch and try to fully understand WHY Wayne took such a trade and why your analysis differed.....otherwise the chances of being able to do this alone without him and his blog...will be far more difficult and remote.

again just my .02

Cheers
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,259
  • Sep 8, 2009 9:12am Sep 8, 2009 9:12am
Hi Dan

Great to talk to positive people like yourself and I think in some ways you understanding is ahead of mine due to me not listening to Wayne for 9 months.

I think we will watch price action as it comes back down to the broken resistance and if it holds go long. If price falls like a knife then we will probably look for a retest below or wait for a clear direction. This is just my guess as I like to see if I can predict what Wayne is going to say.

I perfectly guessed the last trade so even though it was a loss for me it was my best trade yet.

I think patience is the other variable here to let the market tell us what it's doing.

Quoting DanUK
Hi Dave,

I suppose one thing to think is that price will come back down so you could get in on that action if you feel it is justified. My preference is on the long side so I won't be taking any shorts, but that is just my personal preference.

Regards,

Dan

PS no I'm not part of the private blog.
Each loss is one step closer to a winner!!! Cheers, Dave
  • #9,260
  • Sep 8, 2009 9:16am Sep 8, 2009 9:16am
Quoting carlen68
Hello! I have been reading this thread for a while. I am going to sign up to Jacko's soon. Question? Why doesn't he also trade the usdchf. I works opposite of the eurusd at 93% of the time. So when you take a trade on the eurusd buy, then take a sell on the usdchf. I do love that he only deals in one pair (eurusd), but if I was going to take another pair it would be the usdchf. Just my two cents.
Quoting speedtrip
thats what i was thinking

Bill
You guys best be joking here,

All you will be doing is increasing your exposure to basically the same thing,

Instead of putting 1% on EURUSD and 1% on USDCHF you might as well put 2% on EURUSD

Don't get me wrong I trade around forty pairs on the Daily, if I see basically the same thing occuring on EURUSD and USDCHF I will have a quick look over at the EURCHF and then I will take the best looking one.

Regards,
Jig
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