How my Trading took BIG turn... | Page 4 | Forex Factory

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How my Trading took BIG turn...

  • #61
  • Jan 6, 2010 3:05am Jan 6, 2010 3:05am
Quoting steveshelby
Is the logic a secret?
No.
  • #62
  • Jan 6, 2010 8:51am Jan 6, 2010 8:51am
Everything on here is taught on Strat's Long Term Stress Free Trading

http://www.forexfactory.com/showthread.php?t=155459
  • #63
  • Jan 26, 2010 4:21am Jan 26, 2010 4:21am
Quoting kenkomo
yes, but i am in jackos private group so i also follow the logic of all his trades. The basic outline is exactly that. It is the BASIC outline. But he is an extraordinary trader. He has been profitable all through his trading which we see before he trades and as he trades. His trading calls are good. There is no smoke and mirrors.
Kenkomo, I am considering joining Jacko's private group. What do you mean by there are no smoke and mirrors.
  • #64
  • Jan 27, 2010 8:53pm Jan 27, 2010 8:53pm
Quoting cyberfx
Kenkomo, I am considering joining Jacko's private group. What do you mean by there are no smoke and mirrors.
It means that he does not hide anything. jacko is the most transparent trader I have ever seen. As a member, i see each trade concept from the start right to the finish. He puts out his chart positions, tells us evrything he is thinking, then makes a decision on the support and resistance spots. I get all his signals and I can trade that position with him or make my own decisions. I get to see all trading and all his results. His signal results are thousands of pips in profit.
  • #65
  • Jan 28, 2010 2:26am Jan 28, 2010 2:26am
Can you tell us exactly, for 2009:
- your biggest drawdown
- your risk per trade, in average and percentage of your account
- your profit at the end of the year
  • #66
  • Jan 29, 2010 9:23pm Jan 29, 2010 9:23pm
Quoting zarraman
It means that he does not hide anything. jacko is the most transparent trader I have ever seen. As a member, i see each trade concept from the start right to the finish. He puts out his chart positions, tells us evrything he is thinking, then makes a decision on the support and resistance spots. I get all his signals and I can trade that position with him or make my own decisions. I get to see all trading and all his results. His signal results are thousands of pips in profit.
yes. I can vouch for that too.
  • #67
  • Jan 31, 2010 2:16am Jan 31, 2010 2:16am
Quoting hanover
My understanding is this: Markets are the result of belief systems that create orderflow. Phenomena like S/R and trendlines are easily and unambiguously visible on several timeframes, and have consequently become so pervasive in their use, that many orders get placed in those areas.

The market operates on willing buyer/willing seller and (as has been pointed out already) supply and demand. Increase in demand results in buying pressure, and vice versa. Pending (limit) orders create liquidity, while market orders consume it. This analogy is an over-simplification,...
A top post Hanover. You are one of the best posters here lately. The place is being flooded by kiddies but this post is brilliant.
  • #68
  • Feb 1, 2010 3:56am Feb 1, 2010 3:56am
Quoting forexmick
A top post Hanover. You are one of the best posters here lately. The place is being flooded by kiddies but this post is brilliant.
Very flattering, thanks.

I just noticed your signature - congrats on your success! Hopefully I'll get there myself some day.
  • #69
  • Feb 1, 2010 5:31am Feb 1, 2010 5:31am
Great thread.
I really think all the indicator based systems (found on FF) are one of the reasons 95% of traders lose money trading forex. It's like trying to beat the casino roulette table by applying reverse mathematics.

As soon as a trader realizes that the basis for entering a trade is his own skill, instead of an arrow, he's on his way to become profitable.
Keep it up.
  • #70
  • Feb 2, 2010 11:35pm Feb 2, 2010 11:35pm
Glad I read this one.

You were right, a winning strategy is not one that is complicated like what most new traders are looking for when they first joined.

In fact, successful traders make money out of simple trading plan that most people will disregard.
  • #71
  • Feb 3, 2010 12:40am Feb 3, 2010 12:40am
Quoting Cjn
As soon as a trader realizes that the basis for entering a trade is his own skill, instead of an arrow, he's on his way to become profitable.
Keep it up.
I really agree. Way too little discussion about the importance of the development of our own skills as the key to our success. A way that I try to use to stay focused in that regard is to ask myself: Am I in any way grail searching, being over-reliant on "positive thinking" or seeking to learn and implement another person's trading methodology? Just say "no" to all three and stay on track!

And when taking a breather - play some Picture Tennis.
  • #72
  • Feb 9, 2010 8:32pm Feb 9, 2010 8:32pm
Quoting KelvinLee
Glad I read this one.

You were right, a winning strategy is not one that is complicated like what most new traders are looking for when they first joined.

In fact, successful traders make money out of simple trading plan that most people will disregard.
Yes. good observation
  • #73
  • Feb 11, 2010 2:26am Feb 11, 2010 2:26am
Quoting NYWallSt
Just Support, Resistance and Trendlines.
Hi, thanks for posting this thread, this is another confirmation to my own experience, thus along with my trading performance, adding more confident in my trading.

I also put session time-constrain in my strategy e.g. only take breakouts when i see it happens during active trading hours.

And I will be a bit hesitant to trade anything when forex/economic calendar has nothing red on it for the day, indicating a suspiciously low volatility day. Hope this add something to the discussion. Thanks.
  • #74
  • Feb 21, 2010 12:39am Feb 21, 2010 12:39am
Quoting cyberfx
Kenkomo, I am considering joining Jacko's private group. What do you mean by there are no smoke and mirrors.
There is no Bullsh.t in his trading and his blog. What you see is what you get with the man. Read his thread here http://www.forexfactory.com/showthread.php?t=27286
  • #75
  • Feb 26, 2010 7:31pm Feb 26, 2010 7:31pm
Thanks for the replies to my questions.
Zarraman, do you use your day job trading as well as Jackos, and do you use Jackos system in your hedging day job
Kenkomo, thanks for your direct answer
  • #76
  • Last Post: Jan 18, 2013 6:28pm Jan 18, 2013 6:28pm
Hi, thanks for posting this thread, this is another confirmation to my own experience, thus along with my trading performance, adding more confident in my trading.
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