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Jacko's Forex House of Pleasure and Pain

  • #10,461
  • Feb 11, 2010 5:40am Feb 11, 2010 5:40am
Quoting lawgirl21
What is Jacko doing during this strange market?
I was under the impression that you are a member of Jacko's group? He's doing nothing at the moment due to his personal life. Should be back next week.
  • #10,462
  • Feb 11, 2010 8:07am Feb 11, 2010 8:07am
Lawgirl,

Are you still short in here & have you initiated any new positions?
  • #10,463
  • Edited 10:06am Feb 11, 2010 9:21am | Edited 10:06am
Quoting jonpoler
Lawgirl,

Are you still short in here & have you initiated any new positions?
Yes I am still short with TP at 1.3600
EURO--No I am not a member of Jacko's group. I don't think we need to be in order to make money.
  • #10,464
  • Feb 11, 2010 9:47am Feb 11, 2010 9:47am
lawgirl21 and jonpoler

Thanks to the 4H resistance, you both made some good profits.
On my side, i now look silly with my daily resistance just below 1.4150

But well, it's better to be out of the market wishing you were in, than to be in the market wishing you were out.
  • #10,465
  • Feb 11, 2010 10:01am Feb 11, 2010 10:01am
Quoting lawgirl21
Yes I am still short with TP at 6400.

EURO--No I am not a member of Jacko's group. I don't think we need to be in order to make money.

Sorry, a mistype-- should have been 1.3600 (not 6400 WTH?) which was just hit. I stacked my entries and now am going to try to hang on until price reaches 1.3400. I was very deep in the red though and it was scary yesterday.
  • #10,466
  • Feb 11, 2010 10:21am Feb 11, 2010 10:21am
I believe the EUR may very well go down to 1.2200-2300 level this year which would take it to the double bottoms on the weekly chart. That is my long term approach and what I am keeping in the back of my mind with every trade. Getting there will be rocky though.
  • #10,467
  • Feb 11, 2010 10:21am Feb 11, 2010 10:21am
Is there a link to Jacko's personal group or a contact for it? I have been reading this forum and I noticed that the eur/usd is in a downtrend, it hit the 50 fibo on the daily so I went short and it has done well, in a demo acct so far. I have to go back to basics and understand what 50 pips looks like. Number are confusing me today .

DJ
  • #10,468
  • Feb 11, 2010 10:28am Feb 11, 2010 10:28am
Quoting Dupont
lawgirl21 and jonpoler

But well, it's better to be out of the market wishing you were in, than to be in the market wishing you were out.
You're entirely, completely, 100% correct in that statement. And thus I've covered my trade @ 1.3618 and offering 1 Unit @ 1.37 with a 100 pip s/l. If 1.36 proves to be a (temporary) bottom of the near term move ((1.3595 was hit on Feb 11)) that'll be the 50% retrace of the most recent swing high.
  • #10,469
  • Feb 11, 2010 11:05am Feb 11, 2010 11:05am
Quoting yourchef51
Is there a link to Jacko's personal group or a contact for it? I have been reading this forum and I noticed that the eur/usd is in a downtrend, it hit the 50 fibo on the daily so I went short and it has done well, in a demo acct so far. I have to go back to basics and understand what 50 pips looks like. Number are confusing me today .

DJ
It's on the first post of the thread: http://waynejacksonfx.blogspot.com/
In his blog you can find his email to contact him.

EDIT: In fact the blog is in his signature.
  • #10,470
  • Feb 11, 2010 1:36pm Feb 11, 2010 1:36pm
market is looking strong, moving my offer to 1.374 at the descending trend line w/ a 100 pip s/l....
  • #10,471
  • Feb 12, 2010 1:04am Feb 12, 2010 1:04am
Quoting lawgirl21
I believe the EUR may very well go down to 1.2200-2300 level this year which would take it to the double bottoms on the weekly chart. That is my long term approach and what I am keeping in the back of my mind with every trade. Getting there will be rocky though.
I think you are on the money..Rite on..
  • #10,472
  • Feb 15, 2010 12:15pm Feb 15, 2010 12:15pm
Is anyone active today?
  • #10,473
  • Feb 15, 2010 12:39pm Feb 15, 2010 12:39pm
nutin from over here honey
  • #10,474
  • Feb 15, 2010 1:01pm Feb 15, 2010 1:01pm
I went short on 2/11 at 3660 and am up 62 pips, but like watching paint dry.
  • #10,475
  • Feb 16, 2010 12:29am Feb 16, 2010 12:29am
I am long from1.3616 looking for this market to retrace to th 1.38 area first then 1.40 if it breaks. Ct trade so tight stops and close eyes on.
Reasoning - failure to break 1.3600 and daily support 1.3800 big round no. and 50% fib of last years move up.
  • #10,476
  • Feb 16, 2010 12:54am Feb 16, 2010 12:54am
Quote
I believe the EUR may very well go down to 1.2200-2300 level this year which would take it to the double bottoms on the weekly chart. That is my long term approach and what I am keeping in the back of my mind with every trade. Getting there will be rocky though.

I agree with you honey. I myself is looking at 1.27 as yearly support 1.
  • #10,477
  • Feb 16, 2010 2:21am Feb 16, 2010 2:21am
watching 1.3700 level with interest
  • #10,478
  • Feb 16, 2010 3:15am Feb 16, 2010 3:15am
Should we go short here at 3672? It is the 50 fibs of high 3812 on 2/10 and low at 3531 on 2/12??? What do you think? Thanks
  • #10,479
  • Feb 16, 2010 3:23am Feb 16, 2010 3:23am
Sorry the swing high was at 2/9 at 3839. But still hits he 50 fibs right.

DJ
  • #10,480
  • Feb 16, 2010 3:39am Feb 16, 2010 3:39am
I would draw the fib from 01/13 to 02/12, thats the last swing on the daily imo
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