Jacko's Forex House of Pleasure and Pain | Page 483 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #9,641
  • Oct 27, 2009 5:44pm Oct 27, 2009 5:44pm
Quoting Interceptor
1.4770.
Respect.
i'm not a subscriber to Jacko's blog so can only assume 4770 was his low prior to 'potential' next EU up-move???

another trader - of equal standing to Jacko inmyview. . . . wont give names as dont wish to distract any from Jacko's fine thread - is often drumming into me the need for simplicity, or "crayon drawing" as he likes to call it; seems Jacko is on the K.I.S theme to

years of experience and simple tools is the way to go, i'm sure you all agree
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  • #9,642
  • Oct 27, 2009 6:38pm Oct 27, 2009 6:38pm
Quoting fxtrader29
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. .
A smart way to learn forex
  • #9,643
  • Oct 27, 2009 11:56pm Oct 27, 2009 11:56pm
About Jacko's market view, did you mean how he applies the current news and the fundamental aspects into the movement of EURUSD?

Someone mentioned that his method is very discretionary, and not as mechanical. Can someone elaborate on that?
  • #9,644
  • Oct 28, 2009 3:01am Oct 28, 2009 3:01am
Quoting ahks
About Jacko's market view, did you mean how he applies the current news and the fundamental aspects into the movement of EURUSD?

Someone mentioned that his method is very discretionary, and not as mechanical. Can someone elaborate on that?
I would describe his method as systematic. It is not mechanical and not discretionary.
At the start of each week, he charts his S&R lines and Fib lines and makes his trading decisions for the week. If the S&R lines get broken during the week, he recalculates and modifies his charts to reflect the new prices.
Very systematic to me.

He uses the current news and the fundamental aspects to explain the movements in the EURUSD
  • #9,645
  • Oct 28, 2009 4:35am Oct 28, 2009 4:35am
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.
yes your right,been talking with a friend about the same thing and he showed me a spread sheet and its quite a shock to see compounding results,good thing about this business you learn something everyday,coscorp your posts are allways helpfull thanks
student
  • #9,646
  • Oct 28, 2009 4:17pm Oct 28, 2009 4:17pm
train has arrived in the station on daily as expected...now just a matter of seeing whether another stop had been programmed or if it is going the head back the other way...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,647
  • Oct 28, 2009 5:46pm Oct 28, 2009 5:46pm
Quoting coscorp
train has arrived in the station on daily as expected...now just a matter of seeing whether another stop had been programmed or if it is going the head back the other way...
I have been reading around, it looks like this daily trendline is snapping . time will tell, watch price action guise!
Many choose unhappiness over uncertainty.
  • #9,648
  • Oct 28, 2009 10:15pm Oct 28, 2009 10:15pm
very informative thread i can hopefully read from page 1 to the last page.. however i have a question that maybe has been asnwered..but here it goes:

what is your definition of a round number?

any number that ends in 0.... or is it .00 .25. .50 .75,etc..

thanks
  • #9,649
  • Oct 28, 2009 10:37pm Oct 28, 2009 10:37pm
Hi fxnoob08 :

May I try to answer yr Q as I know it should be end with 0. Better 00 would carry more weight.

Hope that will help.

Happy trading.
  • #9,650
  • Oct 29, 2009 2:44am Oct 29, 2009 2:44am
correct.....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,651
  • Oct 29, 2009 4:30pm Oct 29, 2009 4:30pm
Quoting Dan Gilbert
I have been reading around, it looks like this daily trendline is snapping . time will tell, watch price action guise!
I was wrrrrrrrrong! lol!
Many choose unhappiness over uncertainty.
  • #9,652
  • Oct 29, 2009 4:47pm Oct 29, 2009 4:47pm
I took my first Jacko trade after joining this week. His buy at 1.4700 call was inspired. I am 130 pips up already. I am impressed.
  • #9,653
  • Oct 29, 2009 10:30pm Oct 29, 2009 10:30pm
Hi all,

I read the method on first page of the thread, but I seldom see Jacko posting of chart here.

Are people here using the general idea on the first page to trade or there is a standard for exact entry and exit?

I have emailed him with the email posted on his blog with no reply after days.

Please post recent charts using his standard method if possible!
  • #9,654
  • Oct 30, 2009 2:19am Oct 30, 2009 2:19am
Quoting zarraman
I took my first Jacko trade after joining this week. His buy at 1.4700 call was inspired. I am 130 pips up already. I am impressed.
we dont need this marketing crap on here pal everyone and his dog would have enterd 14700
student
  • #9,655
  • Oct 30, 2009 2:22am Oct 30, 2009 2:22am
Quoting garrye
we dont need this marketing crap on here pal everyone and his dog would have enterd 14700
Any evidence that they are doing marketing?
  • #9,656
  • Oct 30, 2009 2:23am Oct 30, 2009 2:23am
let's take it easy people....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,657
  • Oct 30, 2009 4:12am Oct 30, 2009 4:12am
Quoting kk007
Hi all,

I read the method on first page of the thread, but I seldom see Jacko posting of chart here.

Are people here using the general idea on the first page to trade or there is a standard for exact entry and exit?

I have emailed him with the email posted on his blog with no reply after days.

Please post recent charts using his standard method if possible!
Hope this helps - really can't break it down anymore than that...

http://screencast.com/t/eXRMij6Bv0E

Cheers
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,658
  • Oct 30, 2009 5:08am Oct 30, 2009 5:08am
Quoting coscorp
Hope this helps - really can't break it down anymore than that...

http://screencast.com/t/eXRMij6Bv0E

Cheers
Hi coscorp,

Just curious if that is actually a screenshot of how Jacko has his charts?

Just being nosey really .

Very clean and simple. Then again its what we should all have on our chart if we are following this method IMO.

cheers
  • #9,659
  • Oct 30, 2009 5:22am Oct 30, 2009 5:22am
I'd say it's pretty close....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,660
  • Oct 30, 2009 6:02am Oct 30, 2009 6:02am
Anybody else tempted by a possible re-entry following passage through the 4840-4875 area?
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