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The ForexMick Trade Journal- Jacko style

  • #101
  • Apr 19, 2010 7:03am Apr 19, 2010 7:03am
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.
Hi Mick,

Do you normally check the markets at this time of night, or was there a reason in this instance?

Regards,
  • #102
  • Apr 19, 2010 7:20am Apr 19, 2010 7:20am
Fook...this thing wont post
  • #103
  • Apr 19, 2010 7:21am Apr 19, 2010 7:21am
Ah shite. Now it will. I have a SELL trade but it doesn't count. I couldn't post it in time
  • #104
  • Apr 19, 2010 4:10pm Apr 19, 2010 4:10pm
ForexMick,

What time frame charts are you looking at when trading the shorter term?
  • #105
  • Apr 19, 2010 7:15pm Apr 19, 2010 7:15pm
TENTH TRADE

It is 8.15pm NY time Monday I have SOLD at one GBP/USD at 1.5332
  • #106
  • Apr 20, 2010 12:49am Apr 20, 2010 12:49am
ELEVENTH TRADE

It is 1.48am NY time Tuesday I have SOLD at one GBP/USD at 1.5300

I have two GBP/USD.
  • #107
  • Apr 20, 2010 1:18am Apr 20, 2010 1:18am
Hi ForexMick,

Can I be a pain? Can you also state where your support and resistance lines are for each of the pairs you are looking at each week or so?

Thanks
Steve
  • #108
  • Apr 20, 2010 2:22am Apr 20, 2010 2:22am
Quoting dawsonsg
Hi ForexMick,

Can I be a pain? Can you also state where your support and resistance lines are for each of the pairs you are looking at each week or so?

Thanks
Steve
The technical reasons for the trades are based on Jacko's system, so if you know the simple mechanics of the system, you will know why I take the trades.
The supporting fundamental reasons are based on Jacko's private blog notes, and I don't want to be repeating his private notes here.
The SL or TP for the trades will be shown when I exit the trade. This is a journal of real- time trades and results only. It is not a signal service.
  • #109
  • Apr 20, 2010 5:44am Apr 20, 2010 5:44am
Quoting forexmick
ELEVENTH TRADE

It is 1.48am NY time Tuesday I have SOLD at one GBP/USD at 1.5300

I have two GBP/USD.
What SL do you use with this pair?
  • #110
  • Apr 20, 2010 6:56am Apr 20, 2010 6:56am
Hi ForexMick,

I am a member of Jackos group anyway so I was actually more interested in the other pairs NOT the EURO.

Why do you show the SL and TP only when you close the trade. If this is based on jackos method the stop would be no more than 100 pips from the entry anyway. If the 100 pips is on a round number I would probably increase the stop by another 28 pips (that is just me anyway) The TP I guess is discretionary anyway so that probably isn't much fan issue.

Are you trendlines horizontal like DanUKs or are they ascending/descending?

Steve



Quoting forexmick
The technical reasons for the trades are based on Jacko's system, so if you know the simple mechanics of the system, you will know why I take the trades.
The supporting fundamental reasons are based on Jacko's private blog notes, and I don't want to be repeating his private notes here.
The SL or TP for the trades will be shown when I exit the trade. This is a journal of real- time trades and results only. It is not a signal service.
  • #111
  • Apr 20, 2010 12:42pm Apr 20, 2010 12:42pm
Quoting captmilkdud
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)...
Any chance you could answer these questions? Or is it beyond the scope of this thread? I understand that you prefer not to make the particulars of your trades known prior to their close but answering these afterwards would be helpful, if you feel inclined to be helpful. Or is the purpose of this thread to prove that Jacko's method does work on all pairs and for no other purpose than that?

Thanks Mick
  • #112
  • Apr 20, 2010 1:04pm Apr 20, 2010 1:04pm
Quoting captmilkdud
Any chance you could answer these questions? Or is it beyond the scope of this thread? I understand that you prefer not to make the particulars of your trades known prior to their close but answering these afterwards would be helpful, if you feel inclined to be helpful. Or is the purpose of this thread to prove that Jacko's method does work on all pairs and for no other purpose than that?

Thanks Mick
Hi Captmilkdud,

As a member of Jacko's group I would be interested to know if you all checked the opening of Monday's session, which for us Europeans, UK'eans, even, would have been 24.00 Sunday, or earlyish first thing Monday, as you prefer. It seems a very inconvenient time for people in the UK, or people on that time-zone, to be up looking at charts, so I was curious to know if this was done because there was an imminent set-up pending, or if this is a regular routine i.e. you guys (and girls) check the start of everyday?

I can see in this case that we are close to 1.3500 and perhaps this was the reason why?

Anyway, any help appreciated.

Regards,
  • #113
  • Apr 20, 2010 6:05pm Apr 20, 2010 6:05pm
Jacko is up about 400 pips so far this week but your gbp/usd are not doing as well. Is it because you are trading the gbp/usd? Jacko only trades the eur/usd with good results. Why do you trade the gbp/usd?
  • #114
  • Apr 20, 2010 11:18pm Apr 20, 2010 11:18pm
Quoting capitalx
Jacko is up about 400 pips so far this week
Is that a mistake? Is jacko up 400 pips this week?
  • #115
  • Apr 21, 2010 2:08am Apr 21, 2010 2:08am
Quoting dawsonsg
Hi ForexMick,

I am a member of Jackos group anyway so I was actually more interested in the other pairs NOT the EURO.

Why do you show the SL and TP only when you close the trade. If this is based on jackos method the stop would be no more than 100 pips from the entry anyway. If the 100 pips is on a round number I would probably increase the stop by another 28 pips (that is just me anyway) The TP I guess is discretionary anyway so that probably isn't much fan issue.

Are you trendlines horizontal like DanUKs or are they ascending/descending?...
Hi Steve,

Sorry for butting in - I would presume ForexMick's trendlines are ascending/descending. I believe that is what Jacko's system is primarily based on. I use horizontal support and resistance levels in addition to trendlines.

Regards,

Dan
  • #116
  • Edited 2:55am Apr 21, 2010 2:24am | Edited 2:55am
Quoting fxtradergirl
Is that a mistake? Is jacko up 400 pips this week?
It is not a mistake. He scored 250 pips on monday from 2 short trades. Those pips are in his bank. and he has roughly 90 pips from two seperate trades from yesterday. Its now less than 400 because of the move up in Asia trade but the more it drops the more he makes
  • #117
  • Apr 21, 2010 5:10am Apr 21, 2010 5:10am
Quoting 4Xfactor
Hi Captmilkdud,

As a member of Jacko's group I would be interested to know if you all checked the opening of Monday's session, which for us Europeans, UK'eans, even, would have been 24.00 Sunday, or earlyish first thing Monday, as you prefer. It seems a very inconvenient time for people in the UK, or people on that time-zone, to be up looking at charts, so I was curious to know if this was done because there was an imminent set-up pending, or if this is a regular routine i.e. you guys (and girls) check the start of everyday?

I can see in...
I can't speak for others but the gap that usually occurs on the weekend is telling in that it will almost always close sometime during the week (often on the day the market opens). Combine that knowledge with the usual support/resistance lines and levels, PA and fundamentals and it increases the odds in your favor.
  • #118
  • Apr 21, 2010 5:18am Apr 21, 2010 5:18am
Quoting captmilkdud
I can't speak for others but the gap that usually occurs on the weekend is telling in that it will almost always close sometime during the week (often on the day the market opens). Combine that knowledge with the usual support/resistance lines and levels, PA and fundamentals and it increases the odds in your favor.

Ok, thanks for your informative reply.

Regards,
  • #119
  • Apr 21, 2010 7:00am Apr 21, 2010 7:00am
Quoting DanUK
Hi Steve,

Sorry for butting in - I would presume ForexMick's trendlines are ascending/descending. I believe that is what Jacko's system is primarily based on. I use horizontal support and resistance levels in addition to trendlines.

Regards,

Dan
Jacko uses big round numbers, horizontal S/R and TL's along with Fibs (primarily 50%).
  • #120
  • Apr 21, 2010 7:18am Apr 21, 2010 7:18am
Quoting kenkomo
It is not a mistake. He scored 250 pips on monday from 2 short trades. Those pips are in his bank. and he has roughly 90 pips from two seperate trades from yesterday. Its now less than 400 because of the move up in Asia trade but the more it drops the more he makes
He has banked over 400 pips now and the trades are scoring him more now.
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