Trading Aussie Jacko Style

Ok, we had a 4hr pin with an entry at 0.7759, Im going to watch that and may take it if it happens, it was off the 38 fib, chart follows...if I can get it to work, take care Raz

nop it froze on me again, if anyone out there would be so obliging I cant get it to save as a picture now

took the 4hr pin, stop under that at 0.7697

Nice pinbar!

I'll be watching this thread as I'm trying to combine james16 PA with Jacko.

Hey Adam,
Im a great admirer of the J16 bunch too...I like the way this pinbar broke up hard, I have a feeling we may not revisit my entry, but just in case I have moved my stop there now as we have hit +50 and higher. If we drop again I will re enter at the next opp. Lets see...

Great thread!

AUSUSD is one of the best pairs to trade pa, imho, because it never seems to be all over the place. The lack of crazy volatility makes it an ideal pair to trade jacko's style.

good luck!

Right, stop is still at be, and I am putting my tp to 0.7925 which is where the 50 fib of the last long drop down comes in. Once we pullback we can look for another entry but I dont think my entry is good enough to survive a bounce off that area, but lets see what happens...
update have moved my stop up to 0.7840 under last short term support, will get back in once i see where its going.

Hi Raz,
Just thought I'd stop by and say hello. I've just finished reading jacko's thread and enjoyed your contribution, so I thought I'd take a look at what you're doing with the Aussie.
Ok, page 1....

Steve.

There you go again thinking.lol

i have only one question - what the hell happened to the Bounce?

i've been sitting around waiting to get in.

Hiya! Well, what do you think, time to take the leap? I think I will re enter at 0.8040, lets see where my luck takes me...if we get up there could be a nice pin as well...hmm lets seeeeee xx

Ok knocked out at 0.7990, we have dropped 50+ below that so my AH buy order is in at 0.7990...
Order picked up so long from 0.7990, sl 0.7940

Well, by some stroke of luck my stop was actually at 0.7930, not sure exactly how that happened I was positive it was at 0.7940, so Im still in now...up 50+ pips so will put my stop to be at 0.7990, as I hate trading around NFP. take care Raz

Hi,
I thought I might have a quick look at this pair just to get a better idea how to trade Jacko's method. I have been trading his method for a short time but i need to get away from his blog as I do not want a crutch, I want to learn and understand.

The chart is a bit messy, but it looks to me like a possible long @0.8550, SL @ 0.8500. This is with the trend, at a whole number and support, flows with the trend line.
However, by looking at eurusd we see the usd is having a rally, possible 100-150p retracement. I am not sure if this has any correlation? Anyone know? Anyone here?
The 'Monetary Policy Meeting Minutes' is tomorrow and should push up aud.

peace.

TP@ 0.8630 for +80p.
Not a bad lil trade. I had closed the trade out of fear for London and NY pushing the usd up. Also several new events tonight favouring the usd.

I have shorted eurusd with jacko's group. Looking for a retracement down toward 1.4500 or below.

In hinsight I should have trailed the last trade as we are now 0.8700s. Ohwell.
I have shorted @0.8700, its a counter-trend trade, but its only demo
Reasons areeeee resistance at the .8690 level from sept 08. A strong trend line. Good enough for me!

Stopped @.8750. Never go against the trend.

It’s a crazy world and here I am 15 years later and I am going to trade this again for fun, let’s see if this strat can stand the test of time!
Jumping in here long at ,7028 sl ,6985 super mini lot, have not traded this in eons, let’s go!

Update:

We hit a high of ,7049 so my TS is at -45 ,7003

If we have seen the high and we go down from here I will be knocked out -26 pips

According to Jacko’s strategy I will wait for the market to drop a further at least 50 pips or ,6953 and then place a stop order to buy in again at ,7003 which will recuperate my losses

We only trade with the longer term trend so (for now) only longs

Lets see where this is headed…I’m a DXY bear overall but expecting turbulence

Stay safe

Raz

Update: trade knocked out on the spike down so I’m out on that one -26
Next step on that one is wait for the drop 50 below my stop at ,7003, to ,6953 or lower minimum and re enter at ,7003.

I added a second trade at ,7018 and I have widened the TS to 50 pips, so the TS is at ,7007 now. I’m going to have to play with the TS size because I haven’t traded this pair in a while, if we bounce from the high(wouldn’t be surprised) I may put it to BE

Update: knocked out at BE so overall -26, but this kept going up-with wider stops I would still be in
If we go lower again ,6953, I will have two pending buy orders

I am expecting a pullback at these levels but let’s see (bearish divergence)

i bet you have been having fun with Aussie pairs this few days. wow. look at euro/aud collapse.