Jacko's Forex House of Pleasure and Pain | Page 490 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Chicky's House of Pleasure and Pain 11 replies

Carry Backet w/ Jacko's AH 10 replies

Hello Guys is a pleasure to be here. I'm new to MT4 1 reply

Jacko's P&P Trend Trading Method 73 replies

Attachments: Jacko's Forex House of Pleasure and Pain
Exit Attachments

Jacko's Forex House of Pleasure and Pain

  • #9,781
  • Nov 9, 2009 2:21pm Nov 9, 2009 2:21pm
Quoting lmturek11
after reading the first 155 pages of this thread my first question is: using the start of the present move at 4627 would I look at a 00 or 50 near the 50% retrace level to enter? for instance IF retrace from present level 5019, 50% and some horizontal support is around 4850-4800. Is this the Jacko method way to look at this? would post a chart but I also am old techno moron

Hi imturek,

Here is one I prepared earlier.

Regards,

BabeFX
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd11092009.gif Size: 55 KB
  • #9,782
  • Nov 9, 2009 3:25pm Nov 9, 2009 3:25pm
Are you guys sure that E/U trends the most. Pull up a chart of the 4H SPY and you'll see what trends are all about!
  • #9,783
  • Nov 10, 2009 12:55am Nov 10, 2009 12:55am
What has happened with the Commercial Forum? It has been split into two parts?
  • #9,784
  • Nov 10, 2009 1:42am Nov 10, 2009 1:42am
http://www.forexfactory.com/showthread.php?t=205517
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,785
  • Nov 10, 2009 2:19am Nov 10, 2009 2:19am
[quote=lmturek11;3218971]after reading the first 155 pages of this thread my first question is: using the start of the present move at 4627 would I look at a 00 or 50 near the 50% retrace level to enter? for instance IF retrace from present level 5019, 50% and some horizontal support is around 4850-4800. Is this the Jacko method way to look at this? would post a chart but I also am old techno moron[/quote

imturek11

If you are looking for a price to enter nearer to the current price then 1.4900
could be a consideration as it is just below the 50% retrace from 6th Nov low to 9th Nov high.

Take care & don't forget to use protective stops.

Regards,

BabeFX.
  • #9,786
  • Nov 10, 2009 4:47am Nov 10, 2009 4:47am
Quoting fxterrapin
Are you guys sure that E/U trends the most. Pull up a chart of the 4H SPY and you'll see what trends are all about!
What's spy?
  • #9,787
  • Nov 10, 2009 6:42am Nov 10, 2009 6:42am
S&P 500 at a guess

Quoting TradeOne
What's spy?
" Dont wait for your boat to come in ..... swim out and meet it"
  • #9,788
  • Nov 10, 2009 6:53am Nov 10, 2009 6:53am
Quoting TradeOne
What's spy?

What Are S&P Depository Receipts (SPDRs)?

http://www.allbusiness.com/personal-finance/investing-certificates-deposit-cds/2984763-1.html

S&P DEP RECEIPTS

http://finance.yahoo.com/q?s=SPY
  • #9,789
  • Nov 10, 2009 7:52am Nov 10, 2009 7:52am
Thank you BabeFX
  • #9,790
  • Edited 11:56am Nov 11, 2009 11:04am | Edited 11:56am
If it is ok to discuss G/$ in addition to Jacko's pure E/$ approach G/$, would you consider move from 11/3, 6260 low to 11/9, 6841 high the current swing low to high? If so, here at 6550 seems 50% and 50 as round number. Is this the correct application of the methodology?
  • #9,791
  • Nov 11, 2009 11:57am Nov 11, 2009 11:57am
Quoting lmturek11
If it is ok to discuss G/$ in addition to Jacko's pure E/$ approach G/$, would you consider move from 11/3, 6260 low to 11/9, 6841 high the current swing low to high? If so, here at 6550 seems 50% and 50 as round number. Is this the correct application of the methodology?
Hi Imturek,

Your analysis is correct.

However i suggest you talk about other currencies in DanUk´s Trend Trading thread.

Reason being its best not to digress from the e/u which this thread focuses on

My 2 cents.
  • #9,792
  • Nov 11, 2009 12:32pm Nov 11, 2009 12:32pm
Will do. E/$ only here.
  • #9,793
  • Nov 12, 2009 7:06am Nov 12, 2009 7:06am
The Euro is stepping out from its range
  • #9,794
  • Nov 12, 2009 7:08am Nov 12, 2009 7:08am
Quoting kenkomo
The Euro is stepping out from its range
I would say that it stepped out some time ago
  • #9,795
  • Nov 12, 2009 2:44pm Nov 12, 2009 2:44pm
to me looks in uptrend in all time frames althouigh new recent high would be better than double top to me easiest recent move to measure is 4625 low on 11/3 to 5048 on 11/11 50% is 4836 rounding to nearest round number is 4850. Is this the correct way to use this method?
  • #9,796
  • Nov 12, 2009 4:05pm Nov 12, 2009 4:05pm
I'm looking to go long @1.4750 or LESS...Hopefully 1.4700
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-12_1559.png Size: 25 KB
  • #9,797
  • Nov 12, 2009 4:31pm Nov 12, 2009 4:31pm
Quoting kenkomo
The Euro is stepping out from its range
I did well from that trade. Being one of Jackos adventurous traders is certainly paying off for me.
  • #9,798
  • Nov 12, 2009 6:15pm Nov 12, 2009 6:15pm
Quoting garrye
14700 looking good to go long imho, next week tuesday around 11.00 gmt
I like the 4700 price too, but maybe next tuesday?
  • #9,799
  • Nov 12, 2009 6:26pm Nov 12, 2009 6:26pm
Having left my brain outside the room , i have entered long at .4860. The price pierced the .50 fib of the last swing low/high on the daily and bounced back. Also 1.4850 is a significant S/R level. If it goes wrong, AH will come into play.

Good luck to all
  • #9,800
  • Nov 12, 2009 11:55pm Nov 12, 2009 11:55pm
Quoting kenkomo
I did well from that trade. Being one of Jackos adventurous traders is certainly paying off for me.
I am going to start taking his adventurous trades too. He has a special grasp of the market behaviour, no question. It has been very interesting to read his past trades and watch his technique since I joined his group three weeks ago. I am in the industry and watching and reading his thoughts as he sets up his trades has been a revelation. I have been trained by tough and hardened traders but I like his system, and I like his results. He is a rare commodity in the trading community, I say. Not many traders would open themselves up so transparently on all his trading like he does. Brilliant.
4 traders viewing now