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The ForexMick Trade Journal- Jacko style

  • #81
  • Apr 15, 2010 7:20pm Apr 15, 2010 7:20pm
EIGTH TRADE

I will use the same format as Jacko uses because we are all used to it.

It is 8.19 pm NY time Thursday I have SOLD one EUR/USD at 1.3552

I have 2 EUR/USD
  • #82
  • Apr 16, 2010 6:08am Apr 16, 2010 6:08am
Quoting forexmick
EIGTH TRADE

I will use the same format as Jacko uses because we are all used to it.

It is 8.19 pm NY time Thursday I have SOLD one EUR/USD at 1.3552

I have 2 EUR/USD
Keep going. What is your target price to finish?
  • #83
  • Apr 16, 2010 7:27am Apr 16, 2010 7:27am
Quoting fxtradergirl
Keep going. What is your target price to finish?
Lower than my entry prices.
  • #84
  • Apr 16, 2010 11:17am Apr 16, 2010 11:17am
Quoting forexmick
Lower than my entry prices.
Now that made me smile
Dance with the market .. I have two left feet
  • #85
  • Apr 16, 2010 11:40am Apr 16, 2010 11:40am
Hi Mick,

What will you do if AntiHedge is never activated in one week or even one month, one year? Your short AUDUSD trades were stopped out at 0.9355, then if AUDUSD does not go up for another 50 pips, but goes down and never goes above 0.9405 or even 0.9355, what will you do? AntiHedge cannot handle this case if you are stopped out at a top. Antihedge is not able to get back your lost money.

Quoting forexmick
Trades FIVE and SIX are now waiting for AntiHedges to be activated. I want that money back.

Trade SEVEN is active. The SL is at 1.3705. The SL = Round number barrier + 5
  • #86
  • Apr 16, 2010 4:13pm Apr 16, 2010 4:13pm
Quoting qwertabc
Hi Mick,

What will you do if AntiHedge is never activated in one week or even one month, one year? Your short AUDUSD trades were stopped out at 0.9355, then if AUDUSD does not go up for another 50 pips, but goes down and never goes above 0.9405 or even 0.9355, what will you do? AntiHedge cannot handle this case if you are stopped out at a top. Antihedge is not able to get back your lost money.
The Anti Hedge is one of the best tools in my forextraders box of tools. It has gotten my losses back more times than I can remember. If the AUDUSD trade is stopped out at a top, and the price NEVER goes above 0.9405, then it wont work. Nothing in forex is 100% guaranteed to work every time. But it works well enough for me to use it all the time
  • #87
  • Apr 16, 2010 10:11pm Apr 16, 2010 10:11pm
Quoting forexmick
The Anti Hedge is one of the best tools in my forextraders box of tools. It has gotten my losses back more times than I can remember. If the AUDUSD trade is stopped out at a top, and the price NEVER goes above 0.9405, then it wont work. Nothing in forex is 100% guaranteed to work every time. But it works well enough for me to use it all the time

following this thread
  • #88
  • Apr 18, 2010 1:15am Apr 18, 2010 1:15am
Quoting forexmick
I held. And I am holding until both the E/U and 2 A/U trades get to where I want to close them
Jacko likes to close all his positions over a weekend. But he has said on his blog a couple of times that if you are going to hold a trade over the weekend, then you take the stop losses off. You need to keep control of the trades and not have your trades closed out by the brokers. It works for me.
I'm really liking this thread. You have a good thing going here.

A few questions for you:

(1) I must have missed Jacko's blog entry stating he pulls his stops for trades held over the weekend. Do you recall which month that was? I would think that setting your SL to BE prior to close would keep you from losing money and would allow you to reopen at a better price should you get stopped out. Or does the market fluctuate up and down during the weekend? I'd really like to know how that works.

(2) Jacko states what he is using for a SL and we know he (almost) always uses 2%. Could you do the same when you write your post advising of your entry and also % of account for each position? Since MM is so important it would really help to see how you manage % over several trades opened at the same time.

(3) What TF do you mostly use when you decide to pull the trigger or do you mostly use price levels with pending orders?

(4) Jacko usually states that he's looking at a particular area to buy/sell well before he trades and the reason he's choosing that area. Could you do the same?

Thanks again for starting this thread Mick.
  • #89
  • Apr 18, 2010 1:29am Apr 18, 2010 1:29am
Quoting captmilkdud
I would think that setting your SL to BE prior to close would keep you from losing money and would allow you to reopen at a better price should you get stopped out.
I would imagine it's because stop losses are not always honored over the weekend. Similar situation for news spikes too.

LUx
MT4 EA, Indicator and Alert Coder Since 2006
  • #90
  • Apr 18, 2010 6:25am Apr 18, 2010 6:25am
I have been learning via the jacko thread and I am considering joing Jackos blog. I have made some money. ForexMick it is fantastic to see experienced people like you taking the time to post your trades for newbs like me to learn from. Keep up the great work. It is sad to see the Jacko thread has become rather 'toxic' as of late.
  • #91
  • Apr 18, 2010 5:16pm Apr 18, 2010 5:16pm
Quoting forexmick
EIGTH TRADE

I will use the same format as Jacko uses because we are all used to it.

It is 8.19 pm NY time Thursday I have SOLD one EUR/USD at 1.3552

I have 2 EUR/USD
It is 6.15pm NY time Sunday I closed both my trades at 1.3475
  • #92
  • Apr 18, 2010 5:21pm Apr 18, 2010 5:21pm
Quoting forexmick
It is 6.15pm NY time Sunday I closed both my trades at 1.3475
Closed Trade Seven at 1.3475 at 6.14pm NY time +105
Closed Trade Eight at 1.3475 at 6.14pm NY time + 77
  • #93
  • Apr 18, 2010 5:31pm Apr 18, 2010 5:31pm
Quoting forexmick
Closed Trade Seven at 1.3475 at 6.14pm NY time +105
Closed Trade Eight at 1.3475 at 6.14pm NY time + 77

Very nice trade. Why did you decide to close it?
  • #94
  • Apr 18, 2010 5:32pm Apr 18, 2010 5:32pm
NINTH TRADE

I will use the same format as Jacko uses because we are all used to it.

It is 6.31 pm NY time Sunday I have SOLD two EUR/USD at 1.3595
  • #95
  • Apr 18, 2010 5:34pm Apr 18, 2010 5:34pm
Quoting shotshell
Very nice trade. Why did you decide to close it?
To get in higher. 1.3500 is a barrier, especially in thin trading.
  • #96
  • Apr 18, 2010 5:42pm Apr 18, 2010 5:42pm
Quoting forexmick
NINTH TRADE

I will use the same format as Jacko uses because we are all used to it.

It is 6.31 pm NY time Sunday I have SOLD two EUR/USD at 1.3595
That should say 1.3495. Its a fookin rush to get all this done in 60 seconds after the trade. You have to be fast.
  • #97
  • Apr 18, 2010 5:51pm Apr 18, 2010 5:51pm
Quoting forexmick
NINTH TRADE

I will use the same format as Jacko uses because we are all used to it.

It is 6.31 pm NY time Sunday I have SOLD two EUR/USD at 1.3495
Going back to bed.
  • #98
  • Apr 19, 2010 1:24am Apr 19, 2010 1:24am
Quoting forexmick
That should say 1.3495. Its a fookin rush to get all this done in 60 seconds after the trade. You have to be fast.
lol, as long as you get it right on the trading platform.
  • #99
  • Apr 19, 2010 2:25am Apr 19, 2010 2:25am
It is 3.22am NY time Monday I closed both my trades at 1.3455
  • #100
  • Apr 19, 2010 2:28am Apr 19, 2010 2:28am
Closed Trade Nine at 1.3455 at 3.22am NY time 2 x +40 = +80
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