Jacko's Forex House of Pleasure and Pain | Page 482 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #9,621
  • Oct 23, 2009 9:03am Oct 23, 2009 9:03am
A welcome return to "waiting" roll on 1.48 ish
Dance with the market .. I have two left feet
  • #9,622
  • Oct 23, 2009 10:31am Oct 23, 2009 10:31am
Quoting Interceptor
Absolutely. One really outstanding thing about Jacko is his ability to analyse his own trading without the encumbrance of ego.
Agreed 100% and helps put him in a different league as well in my books.

Let's see what 2010 brings...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,623
  • Edited 12:29am Oct 24, 2009 12:18am | Edited 12:29am
Quote
should be clean sailing for 200pips.
Was able to lock in a total gain of 264 pips with the break of 1.50000.

Quote
For an entry, other than a preferred full pull back to rising support at 1.47, I'm currently looking at 1.4840 due to a potential s & r zone.
1.4840 looks right on the money.
I live in a pineapple under the sea.
  • #9,624
  • Oct 24, 2009 4:37pm Oct 24, 2009 4:37pm
Quoting pipenstein
Was able to lock in a total gain of 264 pips with the break of 1.50000.

1.4840 looks right on the money.
Well done. pipenstein
  • #9,625
  • Oct 24, 2009 11:39pm Oct 24, 2009 11:39pm
Quoting Interceptor
Absolutely. One really outstanding thing about Jacko is his ability to analyse his own trading without the encumbrance of ego.
yes, one of the best things about the best in their class is that they are usually the most modest.
Take a look at Roger Federer and Tiger Woods. Extremely competitive and extremely confident in their abilities, but not arrogant loudmouths. The simply get the business done.
I used to watch Jim Cramer on CNBC's Mad Money but couldn't stand his ego
  • #9,626
  • Oct 25, 2009 1:03am Oct 25, 2009 1:03am
nice and simple method,and easy to learn,done some back testing this last month and im going to trade the daily time frame let you know how it goes,see most people trade 4h, why is that,thanks for any feed back
  • #9,627
  • Oct 25, 2009 4:33am Oct 25, 2009 4:33am
Quoting garrye
jacko is still trading the 4 hour,he was going to change back to daily but not done so yet,he is also breaking alot of his trading rules set out on the first page you might have to email him for his reasons,he wont post on here after the thread was moved
Garrye, Do you mean this thread has been recently moved to commercial forum?
The Thief of Wall Street
  • #9,628
  • Oct 25, 2009 8:56pm Oct 25, 2009 8:56pm
Quoting garrye
you might have to email him for his reasons,he wont post on here after the thread was moved
I emailed Jacko about his membership. When I did, I asked him about why he is not posting here as much any more and he said that he is simply too busy with his trading and his training group. He is not posting on any other forums and he wrote very positive and complimentary comments about Forex Factory. His exact words were that it was the best forex forum on the internet.
Maybe he has said something different to you , but i didn't get the impression that he was not posting here as a protest against the thread being moved. I understood that he is simply too busy with mentoring and training his apprentices.
I have joined his group and am impressed with the caliber of his blog and am extremely impressed with his trading performance.
I have joined the James 16 group too and am now working my way through all the resources in there.
  • #9,629
  • Oct 26, 2009 2:12am Oct 26, 2009 2:12am
Quoting Chicky
Garrye, Do you mean this thread has been recently moved to commercial forum?
hi chicky,it was moved if you read between the lines you will understand why just read some of the posts ,the thread changed from being a helpful thread on jackos method which is the main way i trade,to one big marketing thread which i dont agree with.thats way its here now,certain posters only have there selfs to blame,as for jacko,im sure hes fine and still in profit,now he is going back to trading his method,he had put pressure on himself,and was turning into a signal service as people were wanting more trades,which is not the point of what he wants for his trainning,and it effected his own trading.im sure the next 3 months we will see jacko do what he does best.and thats trade,the last 3 months has only been a bump in the road.best thing i did was join his group,even though i dont use his signals,just his view on the market god bless you jacko
student
  • #9,630
  • Oct 26, 2009 2:45am Oct 26, 2009 2:45am
Quoting garrye
hi chicky,it was moved if you read between the lines you will understand why just read some of the posts ,the thread changed from being a helpful thread on jackos method which is the main way i trade,to one big marketing thread which i dont agree with.thats way its here now,certain posters only have there selfs to blame,as for jacko,im sure hes fine and still in profit,now he is going back to trading his method,he had put pressure on himself,and was turning into a signal service as people were wanting more trades,which is not the point of what he...
Thanks Garrye. At one point of time, I too considered joining his group, but later realized that I have a different mindset. Jacko's help to many new traders is really appreciable.
The Thief of Wall Street
  • #9,631
  • Oct 26, 2009 2:13pm Oct 26, 2009 2:13pm
you have to have a big account, to trade this method,100k plus,look at it this way,if you join jackos group, he,s trading 200 plus lots so he does not need large amounts of pips,most newbies are under funded ,he can make a couple of hudred pips and hes in the money and big profits,normal newbie maybe only have 10k or less,,you are not going to get anywhere fast,thats the problem,and thats were it falls down,its worth every penny for the market view its self,everyone whos new will think wow,i only have to copy his trades,sorry thats not the case,he got me started and i think hes a great guy,and will sign up again next year,so thats saying something,and i have made more pips in the last 2 months than he has in a year,but im not doing 200 lots.great method,good guy ,its quite easy and i feel you only have to read the first few pages,and you will see everything .its so easy to back test too.at the end of the day you have to pull that trigger and keep that trade running ,thats only in side you.only the truth is what you find in my posts,take it or leave it,let the games begin,cos you know what the next few post will be having a dig.i see as i find have a great week and pips to you all god bless,from the heart
student
  • #9,632
  • Oct 26, 2009 5:04pm Oct 26, 2009 5:04pm
You can make a hefty return just on 200 pips per month consistantly.

Then again, depending on account size it would imply higher risk due to leverage increase.

So, focus on several markets that are trending and apply the method, instead of just e/u. IMHO.
  • #9,633
  • Oct 26, 2009 7:03pm Oct 26, 2009 7:03pm
Quoting garrye
its worth every penny for the market view its self,everyone whos new will think wow,i only have to copy his trades,
I am with you on this. It is easy to copy his trades and make money. But I don't think that is what he is about. I didn't join his group only to copy his trades. I joined to learn and copy his system and his way of reading the market. I am one of his adventurous group and have been trading more often than him, and even on different pairs (Aud-USd)
I never wanted to be thrown a fish. I wanted to learn to fish. And then go out looking for 10 meter sharks.
  • #9,634
  • Oct 27, 2009 6:07am Oct 27, 2009 6:07am
Quoting garrye
you have to have a big account, to trade this method,100k plus,look at it this way,if you join jackos group, he,s trading 200 plus lots so he does not need large amounts of pips,most newbies are under funded ,he can make a couple of hudred pips and hes in the money and big profits,normal newbie maybe only have 10k or less,,you are not going to get anywhere fast,thats the problem,and thats were it falls down,
I disagree - let's look at it from a % returns perspective - following his method and with a good MM strategy in place which allows for compounding ( a key ingredient for Wayne as well) the returns even for someone with a 10K capital were very nice. Thus it is a fallacy in my opinion to say the system "falls down" due to lower capital available. The more the better - but the returns on capital are there whatever is one's starting point...yes the voyage will take longer but cares in the end.

just my .02.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,635
  • Oct 27, 2009 6:17am Oct 27, 2009 6:17am
Quoting coscorp
I disagree - let's look at it from a % returns perspective - following his method and with a good MM strategy in place which allows for compounding ( a key ingredient for Wayne as well) the returns even for someone with a 10K capital were very nice. Thus it is a fallacy in my opinion to say the system "falls down" due to lower capital available. The more the better - but the returns on capital are there whatever is one's starting point...yes the voyage will take longer but cares in the end.

just my .02.
Totally agree with you

A % return is a % return. The account size is irrelevant.

If you can consistanlty bring in say.... 3%-5% or more CONSISTANTLY then its just a matter of time.

And honestly, its best to start small and grow with compounding because it will be a lot easier psychologically than to start with 100k.

Also keep adding a bit each month to your account and it will grow at a rapid pace.

Key here is % consistancy.
  • #9,636
  • Oct 27, 2009 10:56am Oct 27, 2009 10:56am
"Experience is simply the name we give to our mistakes" ~ oscar wilde

like it
"The person who knows that enough is enough, will always have enough". .
  • #9,637
  • Oct 27, 2009 2:53pm Oct 27, 2009 2:53pm
1.4770.
Respect.
  • #9,638
  • Oct 27, 2009 3:25pm Oct 27, 2009 3:25pm
Quoting coscorp
I disagree - let's look at it from a % returns perspective - following his method and with a good MM strategy in place which allows for compounding ( a key ingredient for Wayne as well) the returns even for someone with a 10K capital were very nice. Thus it is a fallacy in my opinion to say the system "falls down" due to lower capital available. The more the better - but the returns on capital are there whatever is one's starting point...yes the voyage will take longer but cares in the end.

just my .02.

Quite as bit longer.
  • #9,639
  • Oct 27, 2009 3:27pm Oct 27, 2009 3:27pm
Quoting Interceptor
1.4770.
Respect.
Bought a bit too early did we?
  • #9,640
  • Oct 27, 2009 5:26pm Oct 27, 2009 5:26pm
Quoting fxterrapin
Bought a bit too early did we?
First hit on 4840 area was good for 80 pips.
2nd visit was all one way traffic.
Lesson learnt.
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