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Jacko's Forex House of Pleasure and Pain

  • #9,921
  • Nov 25, 2009 7:25am Nov 25, 2009 7:25am
very nice great trade
student
  • #9,922
  • Nov 25, 2009 2:33pm Nov 25, 2009 2:33pm
Hello Dan,

Could you please help me understand how you managed your trailing stop on the 23rd and the 24th. It would seem that with your being in at 1.4850, with the high reaching 1.4995, then one would exit at 1.4945. Yet the market pulled back to 1.4887 and you managed to hold onto the trade.

Thanks in advance.
BR


Quoting DanUK
Hi Garrye,

I have a long open from 1.4850 which is looking good now so I am hoping to see higher highs!

Regards,

Dan
  • #9,923
  • Nov 26, 2009 2:05am Nov 26, 2009 2:05am
Quoting Big1red9
Hello Dan,

Could you please help me understand how you managed your trailing stop on the 23rd and the 24th. It would seem that with your being in at 1.4850, with the high reaching 1.4995, then one would exit at 1.4945. Yet the market pulled back to 1.4887 and you managed to hold onto the trade.

Thanks in advance.
BR
Hi BR,

I don't trail my stop pip by pip - I trail my stop 100 pips at a time - this is just a personal preference of mine. So I went long at 1.4850, moved my stop to breakeven when price hit 1.4950 then as price hit 1.5050 I moved my stop to 1.4950 and so on.

Regards,

Dan
  • #9,924
  • Nov 26, 2009 4:25pm Nov 26, 2009 4:25pm
hi all, just wondering if every jacko trader was all over buying off support on the 1.50 level?
  • #9,925
  • Nov 26, 2009 7:02pm Nov 26, 2009 7:02pm
Quoting supermatt
hi all, just wondering if every jacko trader was all over buying off support on the 1.50 level?
No, The support is lower than that.
  • #9,926
  • Nov 26, 2009 7:48pm Nov 26, 2009 7:48pm
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!
If the only value you get from joining his group are those things mentioned above, you will be well on your way to big profits
  • #9,927
  • Edited 2:21pm Nov 27, 2009 8:01am | Edited 2:21pm
Quoting zarraman
If the only value you get from joining his group are those things mentioned above, you will be well on your way to big profits
Is it not possible to learn just from this thread? What more does Jacko give you as a turtle that cannot be obtained from this thread (apart from a clear path to the cookie jar without any clutter in between)?
  • #9,928
  • Edited 9:18am Nov 27, 2009 8:32am | Edited 9:18am
You can learn EVERYTHING here, what you need to be successful!

Today I posted some charts and live trades and collected great amount of pips.

And I did nothing but respected fibo levels, supports/resistances and trend.

No indicators, no complexity.

check if you want:

http://www.forexfactory.com/showpost.php?p=3265884&postcount=166530
  • #9,929
  • Nov 27, 2009 2:27pm Nov 27, 2009 2:27pm
Quoting sibajnok
You can learn EVERYTHING here, what you need to be successful!

Today I posted some charts and live trades and collected great amount of pips.

And I did nothing but respected fibo levels, supports/resistances and trend.

No indicators, no complexity.

check if you want:

http://www.forexfactory.com/showpost.php?p=3265884&postcount=166530
Thanks for your post but that doesn't answer my question. You are obviously very pleased with your performance but with all due respect, my 7 year old son made 200+ pips today.

My question is what does Jacko give you as a turtle in his private forum that cannot be gleaned from this thread?
  • #9,930
  • Nov 27, 2009 3:19pm Nov 27, 2009 3:19pm
Quoting Porkpie
My question is what does Jacko give you as a turtle in his private forum that cannot be gleaned from this thread?
I know this wasn't directed at me and I'm not sure if you are asking in general, but I thought I'd answer anyways... Hope you don't mind.

One of the things you get is a 'virtual' over the shoulder look at a trader going about his business. The blog basically explains what levels we are looking at, why we are looking at them, why we are waiting for price to reach it, etc, etc. You get real time notification (via SMS) of when trades are entered and exited. You get blog updates on targets, the trade progress, and why we are getting out, and any fundamental information that maybe relevant to the trade.

That is just one aspect of it. Another is priority access to Jacko to any questions or assist with other trades you may be looking at taking or did take.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #9,931
  • Nov 27, 2009 8:21pm Nov 27, 2009 8:21pm
Quoting LasVahGoose
I know this wasn't directed at me and I'm not sure if you are asking in general, but I thought I'd answer anyways... Hope you don't mind.

One of the things you get is a 'virtual' over the shoulder look at a trader going about his business. The blog basically explains what levels we are looking at, why we are looking at them, why we are waiting for price to reach it, etc, etc. You get real time notification (via SMS) of when trades are entered and exited. You get blog updates on targets, the trade progress, and why we are getting out, and any fundamental...
Very good description. You get his whole thinking about where and why he is going to place a trade. You get all his experience talking to you via the blog which explaines everything about what he is doing for each trade.
And if something is not clear, you ask him and he answers you. It is really simple and effective.
You learn how to trade from following his basic strategies, watching them in action with his full explanations for each trade and asking him any questions. Easy.
He will also help you with trades on other pairs if you trade them like I do. Wayne trades only the E/U but will help you with any trade.
  • #9,932
  • Nov 28, 2009 5:44pm Nov 28, 2009 5:44pm
Quoting LasVahGoose
I know this wasn't directed at me and I'm not sure if you are asking in general, but I thought I'd answer anyways... Hope you don't mind.

One of the things you get is a 'virtual' over the shoulder look at a trader going about his business. The blog basically explains what levels we are looking at, why we are looking at them, why we are waiting for price to reach it, etc, etc. You get real time notification (via SMS) of when trades are entered and exited. You get blog updates on targets, the trade progress, and why we are getting out, and any fundamental...

Very impressive indeed...I will definitely join in if :-

a. He also teach and show us how to spot price stalling and reversal signal/levels.
b. Profit projections and exit/next entry after the reversal.

Hope you can enlighten me on this as I can see that you are extremely helpful......thx.
  • #9,933
  • Nov 28, 2009 11:01pm Nov 28, 2009 11:01pm
Quoting 99vt66
Very impressive indeed...I will definitely join in if :-

a. He also teach and show us how to spot price stalling and reversal signal/levels.
b. Profit projections and exit/next entry after the reversal.

Hope you can enlighten me on this as I can see that you are extremely helpful......thx.

a. He uses S + R lines to give high probability stall and reversal levels
b. He uses 50% Fib, S +R lines and Round Numbers to give high probability profit projections and exit points.
He only trades the highest probability trades. That is how he trades and he is damn good at it.
  • #9,934
  • Nov 29, 2009 1:37am Nov 29, 2009 1:37am
Quoting mongreldog66
a. He uses S + R lines to give high probability stall and reversal levels
b. He uses 50% Fib, S +R lines and Round Numbers to give high probability profit projections and exit points.
He only trades the highest probability trades. That is how he trades and he is damn good at it.

Highest PROBABILITY is already I am more and I am hoping to join to see mabbe he is using the similar criterias I use for stalling and reversal signal...

Thx anyway................
  • #9,935
  • Nov 29, 2009 2:36am Nov 29, 2009 2:36am
Quoting 99vt66
Highest PROBABILITY is already I am more and I am hoping to join to see mabbe he is using the similar criterias I use for stalling and reversal signal...

Thx anyway................
Why dont you tell us WHAT you use..????If your opinion is you probably all ready know what he is doing..
  • #9,936
  • Nov 29, 2009 2:58am Nov 29, 2009 2:58am
Quoting danc
Why dont you tell us WHAT you use..????If your opinion is you probably all ready know what he is doing..
I am seriously considering about it and you will be the first to know if I do.......
  • #9,937
  • Nov 29, 2009 11:45am Nov 29, 2009 11:45am
Quoting 99vt66
I am seriously considering about it and you will be the first to know if I do.......
Who gives a shit if you join or not
every Saint has a past. Every Sinner has a Future
  • #9,938
  • Nov 29, 2009 3:30pm Nov 29, 2009 3:30pm
Quoting turnip15
Who gives a shit if you join or not
tell it like it ishttp://cdn.forexfactory.com/images/icons/icon7.gifhttp://cdn.forexfactory.com/images/icons/icon7.gifhttp://cdn.forexfactory.com/images/icons/icon10.gif
  • #9,939
  • Nov 29, 2009 5:03pm Nov 29, 2009 5:03pm
Quoting danc
Why dont you tell us WHAT you use..????If your opinion is you probably all ready know what he is doing..
We are unworthy.

http://www.forexfactory.com/showthread.php?t=190877
  • #9,940
  • Nov 29, 2009 5:21pm Nov 29, 2009 5:21pm
opened EU short from 15010...let's see where it goes...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
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