Jacko's Forex House of Pleasure and Pain | Page 507 | 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

  • #10,121
  • Jan 6, 2010 1:15am Jan 6, 2010 1:15am
Quoting Ezzy
Hi all
Given the length of the thread, I am wondering if the best way to learn and trade Jacko's style is to start from the beginning of the thread or is there a post where is has an updated version etc.

Your help is appreciated.

Many thanks.
heya. i was in the same position as you. i found this pdf to be quite useful. its probably more useful than most of the thread as it outlines the strategy and doesnt have other peoples posts in it.

http://www.forexfactory.com/showpost.php?p=3337214&postcount=10104
  • #10,122
  • Jan 6, 2010 1:19am Jan 6, 2010 1:19am
Quoting supermatt
heya. i was in the same position as you. i found this pdf to be quite useful. its probably more useful than most of the thread as it outlines the strategy and doesnt have other peoples posts in it.

http://www.forexfactory.com/showpost.php?p=3337214&postcount=10104
Supermatt, I reckon you just saved me about 3 weeks worth of reading http://cdn.forexfactory.com/images/icons/icon10.gif, many thanks to you, I will take a look at the PDF.

Just wondering if you don't mind me asking, how are you finding this stayle of trading.

Cheers
Essy
What you do is a reflection of you....what I do is a reflection of me.
  • #10,123
  • Jan 6, 2010 2:07am Jan 6, 2010 2:07am
Can somebody give me some light?
I wonder why 50pips stop loss will work. The variation usually more that 50pips within an hour when it start to run and usually will kick you out within that hour time frame or even less unless you can catch the top or bottom right.
  • #10,124
  • Jan 6, 2010 2:47am Jan 6, 2010 2:47am
to the best of my knowledge... didnt jacko up his stop loss to 100pips on the eu due to the increase volatility. 50pip stop just wasnt enough so he upped it to 100. you chuck an average daily range on the eu and its averaging around 130 pips per day so 100 is a nice number for a stop..

im still learning how he trades, but thats just what i have read during my travels through this thread.

i could be wrong, im sure some of the other jacko turtles will chime in with correct info
  • #10,125
  • Jan 6, 2010 2:53am Jan 6, 2010 2:53am
Quoting qiq
Can somebody give me some light?
I wonder why 50pips stop loss will work. The variation usually more that 50pips within an hour when it start to run and usually will kick you out within that hour time frame or even less unless you can catch the top or bottom right.
Last year when the volatility increased Jacko changed the SL to 100 pips. The volatility settled some earlier this year but the SL has remained @ 100 pips. It is a trailing stop loss, so if price moves in your favor 100 pips you go to break even, and every 100 pips in your favor it would be trailed accordingly.


bulls

ps. Im not trying to answer for Jacko and by no means an expert. I just know he stays busy and try to help...
Whats happening in EUR/USD should be happening to you!
  • #10,126
  • Jan 6, 2010 9:17pm Jan 6, 2010 9:17pm
Thanks for your post.
  • #10,127
  • Jan 6, 2010 11:19pm Jan 6, 2010 11:19pm
Quoting Ezzy
Supermatt, I reckon you just saved me about 3 weeks worth of reading http://cdn.forexfactory.com/images/icons/icon10.gif, many thanks to you, I will take a look at the PDF.

Just wondering if you don't mind me asking, how are you finding this stayle of trading.

Cheers
Essy
I have a copy in my top drawer at work. I read his blog first up every morning.
  • #10,128
  • Jan 7, 2010 5:49pm Jan 7, 2010 5:49pm
Quoting yuan83
hi, i supposed i have read before but probably forget about it, but will like to ask, if the trade moves say 75 pips from 1.4400 to 1.4475 before getting trailed stop at 25pips profit, 1.4425. if say it does not move back 50 pips as wanted, does that mean our next buy stop should be at 1.4500? thanks
Are you talking about a Ah trade. If so this only applies in a losing trade taken in the direction of the trend.
  • #10,129
  • Jan 7, 2010 6:33pm Jan 7, 2010 6:33pm
Quoting zarraman
I have a copy in my top drawer at work. I read his blog first up every morning.
Totaly agree with your (this) statement. I think FF is a brokers dream come true with all the one month wonders giving advice. Smartest move for me was to become a turtle and going through his past trades.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #10,130
  • Jan 7, 2010 6:37pm Jan 7, 2010 6:37pm
Quoting Chuckb
Are you talking about a Ah trade. If so this only applies in a losing trade taken in the direction of the trend.
oic ...hmm ok i get TS at 1.4415. if e pair moves further down to 1.4300, where do i reenter? 1.440? or isit 1.4350?

anw chuckb so you are in jacko's group? ok i already submitted everything to jacko...just need to make a trip down the bank to pay for my subscription! ha
  • #10,131
  • Jan 7, 2010 9:27pm Jan 7, 2010 9:27pm
Quoting yuan83
oic ...hmm ok i get TS at 1.4415. if e pair moves further down to 1.4300, where do i reenter? 1.440? or isit 1.4350?

anw chuckb so you are in jacko's group? ok i already submitted everything to jacko...just need to make a trip down the bank to pay for my subscription! ha
The Ah method is simple.
http://www.forexfactory.com/showpost.php?p=1425762&postcount=5
  • #10,132
  • Jan 8, 2010 12:39am Jan 8, 2010 12:39am
Hi guys

I am more interested in this thread, what's Jacko's group? and what does it entail.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #10,133
  • Jan 8, 2010 1:03am Jan 8, 2010 1:03am
Id recommend any new traders in here to go back and start from page 1 reading mostly Jackos posts and remarks. Also you can click that number up at the top right hand corner of this thread, it currently reads 750, that is the number of attachements in the thread. Look for the pdf attachements for jacko style trading. Its an incredible story of a successful trader that also has a great knack for teaching. Study that material as hard as you can for the next month. Watch the charts. Listen to the trades in here and it will make sense in no time at all.

gl
bulls
Whats happening in EUR/USD should be happening to you!
  • #10,134
  • Jan 8, 2010 2:21am Jan 8, 2010 2:21am
to all jacko turtles whats your views on eu right now? obviously nfp will be a big thing to decide direction as current consolidation isnt really trade-able ?

thanks for ur help bulls
  • #10,135
  • Jan 8, 2010 6:35am Jan 8, 2010 6:35am
Quoting supermatt
to all jacko turtles whats your views on eu right now? obviously nfp will be a big thing to decide direction as current consolidation isnt really trade-able ?

thanks for ur help bulls
Went short at 4425. Added to them at 4320. Jacko is THE man.
  • #10,136
  • Jan 8, 2010 6:38am Jan 8, 2010 6:38am
Quoting Ezzy
Hi guys

I am more interested in this thread, what's Jacko's group? and what does it entail.

Cheers
Ezzy
Read this (http://waynejacksonfx.blogspot.com)
  • #10,137
  • Jan 8, 2010 9:57am Jan 8, 2010 9:57am
Trading around NFP time?
Thought one of jacko's rules was not to trade around news?
  • #10,138
  • Edited 1:13pm Jan 8, 2010 12:39pm | Edited 1:13pm
Rules of this thread?
Those are his rules with this strategy.
In regards to his groups, its my understanding from jacko that he doesnt offer a signal service.
  • #10,139
  • Jan 8, 2010 2:20pm Jan 8, 2010 2:20pm
Eur/usd is def weak. I was hoping for more of a push up to enter. If anything Id like to see a push up to the 4h trendline @ 4500 or the 38.2 fib retrace @ 4575 to sell the living daylights out of the eur. The 50% fib still sits @ 4700 and is the optimal entry. One thing is for sure, we have consolidation. Its getting all bound up and when it goes it will go strong and the bias is to the south.

who all trades jacko style here?

bulls
Whats happening in EUR/USD should be happening to you!
  • #10,140
  • Jan 8, 2010 2:32pm Jan 8, 2010 2:32pm
Quoting msc
Trading around NFP time?
Thought one of jacko's rules was not to trade around news?
His trade was put in well in advance of the news. typically yes, Jacko would not trade in and around the news. In this case the bias is down. Jacko feels the market will contine to fall after the market reaction to the news.

You have to realize to, that jacko is a very keen trader. he has a 6th sense for market direction. The forex gods watch after this one and protect him. And like all "traders" will enter the market on a gut instinct of "its time to make money". He doesnt sell a signal service so noone is obligated to take a trade he has placed for himself and his managed fund. He will always let you know he is taking a higher risk trade.

Just letting you know. I asked the same question when i started. I thought it was frustrating to see trades taken that seemed to break the rules when i thought the whole deal was to never break the rules and that is the system here is to wait for "the" setups. But ultimately it comes down to reading those charts and deciding this is an acceptable risk for my acct and i will enter for "x" amount of reasons and I am ok with that. typically in the direction of the trend.

GL
bulls
Whats happening in EUR/USD should be happening to you!
6 traders viewing now