Jacko's Forex House of Pleasure and Pain | Page 484 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #9,661
  • Oct 30, 2009 6:28am Oct 30, 2009 6:28am
I've got my eye on it (pending at 14880)..however given the time price has been sitting in the 4830 4850 area - break would have to be nice and strong... otherwise a retrace and then another run up and through to 15000 and above...next week wouldn't be too bad...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,662
  • Oct 30, 2009 7:43am Oct 30, 2009 7:43am
Are we back to using daily charts again then or still on 4H?
  • #9,663
  • Oct 30, 2009 7:50am Oct 30, 2009 7:50am
Wayne has gone back to Daily - but remember you must trade the TF you feel comfortable with...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,664
  • Oct 30, 2009 8:02am Oct 30, 2009 8:02am
Quoting coscorp
Hope this helps - really can't break it down anymore than that...

http://screencast.com/t/eXRMij6Bv0E

Cheers

Thanks coscorp,

So, on the chart, the main point is to trade against a clear trendline.

cheers,

kk007
  • #9,665
  • Oct 30, 2009 8:55am Oct 30, 2009 8:55am
Quoting coscorp
Wayne has gone back to Daily - but remember you must trade the TF you feel comfortable with...
Ok thanks, I feel more comfortable with the daily anyway but was doing ok with the 4h during that nice upmove recently.
  • #9,666
  • Oct 30, 2009 8:56am Oct 30, 2009 8:56am
Just remember to trade with the trend using daily charts off support and fib levels!
  • #9,667
  • Oct 30, 2009 11:13am Oct 30, 2009 11:13am
against?

Quoting kk007
Thanks coscorp,

So, on the chart, the main point is to trade against a clear trendline.

cheers,

kk007
  • #9,668
  • Oct 30, 2009 11:42am Oct 30, 2009 11:42am
Price breaking the daily TL again.. i don't know, this trendline is now looking like it's weakening. Let's see what happens, if the next move up is going to be as strong as the previous one.
freedom
  • #9,669
  • Oct 30, 2009 2:59pm Oct 30, 2009 2:59pm
Hasn't pierced 14700 convincingly on my feed yet...sit and wait is the name of the game for me now...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,670
  • Oct 30, 2009 6:19pm Oct 30, 2009 6:19pm
Totally brilliant trading this week from Jacko. Methodical, cool, easy to do, easy to understand. I scored more than 100 pips in two days and it was easy peasy. A master trader. And the trading lessons were brilliant.
  • #9,671
  • Oct 31, 2009 12:13am Oct 31, 2009 12:13am
Quoting forexmick
Totally brilliant trading this week from Jacko. Methodical, cool, easy to do, easy to understand. I scored more than 100 pips in two days and it was easy peasy. A master trader. And the trading lessons were brilliant.
everyone coming out the woodwork again ,great trading mick,taking them signals is not easy .you have to press a few buttons,wait for text and move stop loss,wait for text to close trade,give yourself a medal
student
  • #9,672
  • Oct 31, 2009 1:06am Oct 31, 2009 1:06am
Quoting garrye
we dont need this marketing crap on here pal everyone and his dog would have enterd 14700
Who is marketing? I was saying what my trade was. And did you enter at 1.4700? What were your reasons?
  • #9,673
  • Oct 31, 2009 1:56am Oct 31, 2009 1:56am
there will be some people who use jacko as a signal service (and there are many signal service providers there and many traders use them to augment their trading), and there will be some traders who learn how to trade from jacko.

whichever category of trader posts favourably about jacko here, you seem to be consumed with insane envy


Quoting garrye
everyone coming out the woodwork again ,great trading mick,taking them signals is not easy .you have to press a few buttons,wait for text and move stop loss,wait for text to close trade,give yourself a medal
  • #9,674
  • Oct 31, 2009 3:36am Oct 31, 2009 3:36am
Quoting garrye
everyone coming out the woodwork again ,great trading mick,taking them signals is not easy .you have to press a few buttons,wait for text and move stop loss,wait for text to close trade,give yourself a medal
Garrye - what exactly is the purpose of such a post? None as far as I can tell - so please refrain from proceeding along this path unless you can contribute something constructive. If for no other reason out of respect for Jacko. (being this his thread)


C'mon people....don't we have enough crap to worry about in our daily lives to have to come here and start more?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,675
  • Oct 31, 2009 3:50am Oct 31, 2009 3:50am
Quoting coolshades
there will be some people who use jacko as a signal service (and there are many signal service providers there and many traders use them to augment their trading), and there will be some traders who learn how to trade from jacko.

whichever category of trader posts favourably about jacko here, you seem to be consumed with insane envy
coolshades just unhappy that the thread was moved here in the first place same as jacko,because of people posting crap,why dont they email jacko and thank him on a great trade,what help does it serve posting great signal just made 100 pips.no envy here,also those trades are supposed to be for jackos private blog,he has asked many times for posters to stop putting results on here.so there you go,they should be posting same as you and the guys do on dans thread,i respect jacko and im part of his group,so no malice from me,
student
  • #9,676
  • Oct 31, 2009 3:56am Oct 31, 2009 3:56am
Yes, I can see where you're coming from...easier said than done though....

let's get back to business....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,677
  • Edited 11:30am Oct 31, 2009 5:33am | Edited 11:30am
Bit uncalled for isnt it.

Have u considered that some of your fellow students may be be using Jackos advice to both improve their knowledge and increase their trading bank at the same time.

TBH u would be daft not too.

I would also suggest that some of his students will have a full time job, and this is something they can work around their schedule.

Not everyone is in a position to trade either fulltime or in a position to take that risk.

I would venture that a good number are working fulltime, probably under capitilised and following Jackos signals in the short - medium term which allows them to build their bank more quickly than they would otherwise have done. Given the average person dosent have a lot of savings this means it might take a few years to build the necessary capital but they can master the method and technique along the way.

This way when the funds are available and they have accumulated the knowledge they have the freedom to make more choices.

Sorry I think your statement is very one dimensional and ill considered.

Quoting garrye
everyone coming out the woodwork again ,great trading mick,taking them signals is not easy .you have to press a few buttons,wait for text and move stop loss,wait for text to close trade,give yourself a medal
Regards

ST
" Dont wait for your boat to come in ..... swim out and meet it"
  • #9,678
  • Oct 31, 2009 7:47am Oct 31, 2009 7:47am
none taken
Quoting garrye
coolshades just unhappy that the thread was moved here in the first place same as jacko,because of people posting crap,why dont they email jacko and thank him on a great trade,what help does it serve posting great signal just made 100 pips.no envy here,also those trades are supposed to be for jackos private blog,he has asked many times for posters to stop putting results on here.so there you go,they should be posting same as you and the guys do on dans thread,i respect jacko and im part of his group,so no malice from me,
  • #9,679
  • Oct 31, 2009 10:19am Oct 31, 2009 10:19am
a question about entry point, still confused someone please help im trying to learn as much as i can. this is my analysis

priced pulled back to 1.4700 and seems to now be on its way back up with the up trend at 1.4717. now the question is should i have entered a few pips above 1.4700.... or should i wait until it hits the next round number at 1.4750 to enter a long position.

the danger with entering at 1.4700 is that it could just turn out to be a breakout and go into a down trend.

im still confused on how much of a rebound i should wait for.for my initial entry.

http://img689.imageshack.us/img689/9459/trade.jpg
  • #9,680
  • Oct 31, 2009 10:45am Oct 31, 2009 10:45am
Quoting fxnoob08
a question about entry point, still confused someone please help im trying to learn as much as i can. this is my analysis

priced pulled back to 1.4700 and seems to now be on its way back up with the up trend at 1.4717. now the question is should i have entered a few pips above 1.4700.... or should i wait until it hits the next round number at 1.4750 to enter a long position.

the danger with entering at 1.4700 is that it could just turn out to be a breakout and go into a down trend.

im still confused on how much of a rebound i should wait for.for...
Don't do anything w/o price action confirmation, I don't think jacko looks at weekly charts but there is a reversal signal (dhlc) . That's not to say it won't go up but be careful. At this point you should wait
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