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Jacko's Forex House of Pleasure and Pain

  • #9,801
  • Nov 13, 2009 1:28am Nov 13, 2009 1:28am
yeah this bounce off the 50% fib and 1.4850 is making me nervous, short since1.4962 it should peak upwards and continue down to 1.4700???

then we go long on a safe trend trade
  • #9,802
  • Nov 13, 2009 1:42am Nov 13, 2009 1:42am
Quoting kenkomo
I did well from that trade. Being one of Jackos adventurous traders is certainly paying off for me.

Following Jacko's trades & using him as a signal service doesn't make you a trader.

The only value you will receive from joining his group is to learn how to analyze the market & how much more profit there is in waiting for the odds to line up on your side before placing a trade.

Regards,

BabeFX

Better to be out of the market wishing you were in,rather than in the market wishing you were out!
  • #9,803
  • Nov 13, 2009 2:35am Nov 13, 2009 2:35am
Quoting BabeFX
Following Jacko's trades & using him as a signal service doesn't make you a trader.

The only value you will receive from joining his group is to learn how to analyze the market & how much more profit there is in waiting for the odds to line up on your side before placing a trade.

Regards,

BabeFX

Better to be out of the market wishing you were in,rather than in the market wishing you were out!
Yes, the lesson of patience has been well learned. But I like to trade more and I learn better by doing. I like to second guess all his trades now and I am getting better at doing it because I can see what he is seeing in the charts. It is very simple, but clever.
  • #9,804
  • Nov 13, 2009 2:55am Nov 13, 2009 2:55am
Quoting BabeFX
Following Jacko's trades & using him as a signal service doesn't make you a trader.
So true.

Quoting BabeFX
the only value you will receive from joining his group is to learn how to analyze the market how much more profit there is in waiting for the odds to line up on your side before placing a trade.
Here I beg to differ on the manner you apparently address it - if, in fact it were the only value (and for me it isn't) I contend that in itself it is worth far more than any course, mentorship or signal service or presumed such that may be avaliable out there. Learning how to consistently and correctly analyse the market is vital to one's success.

Quoting BabeFX
,

BabeFX

Better to be out of the market wishing you were in,rather than in the market wishing you were out!
Wise words
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #9,805
  • Nov 13, 2009 4:19am Nov 13, 2009 4:19am
Quoting coscorp
So true.



Here I beg to differ on the manner you apparently address it - if, in fact it were the only value (and for me it isn't) I contend that in itself it is worth far more than any course, mentorship or signal service or presumed such that may be avaliable out there. Learning how to consistently and correctly analyse the market is vital to one's success.



Wise words
Short as we speak at1.4882.. stop 61% of last 2 dailys..................
  • #9,806
  • Nov 13, 2009 2:38pm Nov 13, 2009 2:38pm
Quoting zarraman
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...
Welcome to the jackos adventurous trading group zarraman, you will enjoy the ride. And i agree that his transparency is fabulous. It made for fast learning.
  • #9,807
  • Nov 13, 2009 3:32pm Nov 13, 2009 3:32pm
Hey guys -

I was wondering if anybody in Jacko's group, would be kind enough to possibly post a previous chart and an example of an executed trade?



Thank you very much!
  • #9,808
  • Nov 13, 2009 4:37pm Nov 13, 2009 4:37pm
Hrrrr!!!!
Missed just 1 pip!!
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  • #9,809
  • Nov 13, 2009 4:51pm Nov 13, 2009 4:51pm
Quoting zarraman
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...
Hey zarraman. can you tell us what additional things that you use from your hedging gig for the company that you use in your own trading?
One of the best facets of wayne's trading is that you see everything in how to trade. If he makes a mistake, he admits it openly. If a trade is a dud, he sucks it up and then moves on. The emotional parts of the trading is now more important to me than the entries and exits. Learning to control the emotions is important. I am now trading fulltime and loving my life.
  • #9,810
  • Nov 13, 2009 4:52pm Nov 13, 2009 4:52pm
Quoting kenkomo
Yes, the lesson of patience has been well learned. But I like to trade more and I learn better by doing. I like to second guess all his trades now and I am getting better at doing it because I can see what he is seeing in the charts. It is very simple, but clever.
Said well
  • #9,811
  • Nov 13, 2009 11:49pm Nov 13, 2009 11:49pm
How do you guys join Jacko's group?

Is there any spots for new traders?

Thanks.
  • #9,812
  • Nov 14, 2009 1:16am Nov 14, 2009 1:16am
Quoting daringdave
I like the 4700 price too, but maybe next tuesday?
lets hope so dave ,im short now,14700 on tuesday would be perfect
student
  • #9,813
  • Nov 14, 2009 11:09am Nov 14, 2009 11:09am
http://arstechnica.com/tech-policy/news/2009/08/nyse-builds-computer-trading-mothership-worries-abound.ars

They use these same HFT programs in the forex markets!

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ

For you "gold bugs":

http://news.goldseek.com/GoldSeek/1258049769.php

Is nothing sacred? Could certain "gurus" be privy to exactly where a market is going to be manipulated to?

I hope this helps.
  • #9,814
  • Nov 14, 2009 11:37am Nov 14, 2009 11:37am
Quoting tenthman
~~~~
Is nothing sacred? Could certain "gurus" be privy to exactly where a market is going to be manipulated to?

I hope this helps.
I hope this helps.....

http://www.sanfranciscosentinel.com/...conspiracy.jpg

Market manipulation new? Not a chance.
Do you think the governments of the world will let the markets be decided by a few geeks with computer code and millisecond trades?
Not a chance.
Who cares anyway... The trend will go up or it will go down.
Trade with the trend and life is good.
  • #9,815
  • Nov 14, 2009 3:46pm Nov 14, 2009 3:46pm
A question for all who read this forum, especially jacko.

I am new to forex, and I do not understand why with a bigger transaction per day, forex is not more popular than stocks.

Also the biggest name in investing are always in stocks, is it because in the long run, stocks are more profitable?
  • #9,816
  • Nov 15, 2009 7:05pm Nov 15, 2009 7:05pm
Quoting halfstep
A question for all who read this forum, especially jacko.

I am new to forex, and I do not understand why with a bigger transaction per day, forex is not more popular than stocks.

Also the biggest name in investing are always in stocks, is it because in the long run, stocks are more profitable?
Hi Halfstep

People are wary of the unknown. Most people know (or think they know) all about stocks. They don't know (initially) what forex is.

Once a person has seen the benefits of Forex over trading stocks, they quicky become more interested in the Forex.

As to stocks being more profitable than Forex, I would state categorically that if you know what you are doing, Forex will destroy the returns on stocks.
  • #9,817
  • Nov 15, 2009 7:14pm Nov 15, 2009 7:14pm
another wise words from the MASTER.....
  • #9,818
  • Nov 15, 2009 11:24pm Nov 15, 2009 11:24pm
Quoting kenkomo
Yes, the lesson of patience has been well learned. But I like to trade more and I learn better by doing. I like to second guess all his trades now and I am getting better at doing it because I can see what he is seeing in the charts. It is very simple, but clever.
Hi Kenkomo

Good work

The first rule in forex trading is......Patience

The second rule is don't complicate it.....

.
  • #9,819
  • Nov 16, 2009 4:03am Nov 16, 2009 4:03am
Hi all,
Just wanted to add my support to the forex factory forum, and to state my agreement with Jacko. The amount of abuse, and derision that exists "out there" in some of the competing forums is beyond belief. Whenever a new idea, or trading strategy is presented or proposed you are immediately surrounded by the "pit people" I shall call them, they basically live in this pit, it is futile to even attempt to help, as all they wish to do is drag you down into "their pit" and kick the the lights out of you. This forum is so refreshing, and what I was looking for in my path to financial freedom
Keep up the good work
Matt
Without women, money would have no meaning - Aristotle Onassis
  • #9,820
  • Nov 16, 2009 4:27am Nov 16, 2009 4:27am
Quoting stockey
How do you guys join Jacko's group?

Is there any spots for new traders?

Thanks.
http://waynejacksonfx.blogspot.com
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