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The ForexMick Trade Journal- Jacko style

  • #141
  • Apr 25, 2010 6:12am Apr 25, 2010 6:12am
Quoting fxtradergirl
A quick check on your trades. Are they all right?


= +236 pips in 22 days with 2 trades open. Is this right? And two AntiHedge trades to be beginned.
A good start. If you had stayed in the Aussie back to B E, you would have been 450 pips to the good. Or will you get them back by using Anti-Hedges anyway?
Your best trades have been in the E/U. Why don't you increase the sizes of your E/U trades and piss off the A/U and G/U
  • #142
  • Apr 25, 2010 7:19pm Apr 25, 2010 7:19pm
Quoting fxtradergirl
A quick check on your trades. Are they all right?

= +236 pips in 22 days with 2 trades open. Is this right? And two AntiHedge trades to be beginned.
Yes. 236 pips in 22 days (including weekends) has been a slow month. And the AntiHedge trades will get me back the 223 pips lost on the Aussie trades, no problems.
I am bang on delighted with my 236 x $10 a pip for three weeks work.
Work? Not hard at all.
  • #143
  • Apr 25, 2010 11:08pm Apr 25, 2010 11:08pm
Quoting forexmick
Yes. 236 pips in 22 days (including weekends) has been a slow month. And the AntiHedge trades will get me back the 223 pips lost on the Aussie trades, no problems.
I am bang on delighted with my 236 x $10 a pip for three weeks work.
Work? Not hard at all.

"Work? Not hard at all."

You keep it real Mick. My mind is realizing some very simple things that just haven't clicked yet for me but I feel things are all coming together. Sounds weird, but just the feeling I'm getting.
  • #144
  • Apr 26, 2010 1:37am Apr 26, 2010 1:37am
Quoting forexmick
Yes. 236 pips in 22 days (including weekends) has been a slow month. And the AntiHedge trades will get me back the 223 pips lost on the Aussie trades, no problems.
I am bang on delighted with my 236 x $10 a pip for three weeks work.
Work? Not hard at all.
But you are sat on a (approx) 240 pip drawdown on cable aren't you? Price currently at 1.5447.


Originally Posted by forexmick http://cdn.forexfactory.com/images/buttons/viewpost.gif
TENTH TRADE

It is 8.15pm NY time Monday I have SOLD at one GBP/USD at 1.5332
Quote:
Originally Posted by forexmick http://cdn.forexfactory.com/images/buttons/viewpost.gif
ELEVENTH TRADE

It is 1.48am NY time Tuesday I have SOLD at one GBP/USD at 1.5300
  • #145
  • Apr 26, 2010 2:04am Apr 26, 2010 2:04am
Closed one trade at 1.5480
  • #146
  • Apr 26, 2010 2:06am Apr 26, 2010 2:06am
Closed Trade Ten at 1.5480 at 2.59am NY time = -148
  • #147
  • Apr 27, 2010 5:57pm Apr 27, 2010 5:57pm
Closed Trade Eleven at 1.5245 at 6.56pm NY time +55.

This month has been my baddest month, but ended with positive balance. I stuck by the rules. Do not add to a trade that is in loss. Reduce exposure and take loss on trades that are extra to the core trade. Let the trades play out. Get out with profit.
My euros are totting up well. I am packing up the misuss and kids and going to Spain for two weeks holiday.
  • #148
  • Apr 29, 2010 4:09pm Apr 29, 2010 4:09pm
12th TRADE

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

It is 5.08pm NY time Monday I have SOLD one GBP/USD at 1.5322
  • #149
  • Apr 29, 2010 4:10pm Apr 29, 2010 4:10pm
13th TRADE

It is 5.08pm NY time Monday I have SOLD one EUR/USD at 1.3230
  • #150
  • Edited 12:18pm Apr 30, 2010 11:10am | Edited 12:18pm
Quoting forexmick
13th TRADE

It is 5.08pm NY time Monday I have SOLD one EUR/USD at 1.3230
Don't you mean Thursday. Did you see the exhaustion spike/pinbar on Wednesday's daily indicating a rise for Thursday?

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.
I'm confused. I "...know the simple mechanics of the system...." but can't figure out why you enter when you do.
You're not entering on round numbers, 50% Fibs, trendlines (Jacko style).
You're not entering on price action.

What are you using for your entries?
  • #151
  • May 3, 2010 5:37pm May 3, 2010 5:37pm
Quoting captmilkdud
Don't you mean Thursday. Did you see the exhaustion spike/pinbar on Wednesday's daily indicating a rise for Thursday?


I'm confused. I "...know the simple mechanics of the system...." but can't figure out why you enter when you do.
You're not entering on round numbers, 50% Fibs, trendlines (Jacko style).
You're not entering on price action.

What are you using for your entries?
Hello, am thinking of joining the Jacko Turtle's as soon as I ve the resources, I wud just luv to knw how your trading is doing now u are been mentored by Jacko. Since you are also a member of James16, it might be difficult knowing for Jacko alone but since he sends out trade calls, hw many pips does he average weekly. Wat is worst draw down in pips? Am not trading at the moment cos am in school and down here internet is quite a luxury. The few tyms i find I end up forcing a trade with the strategy I learnt here 'the dance' and lose because of that thou the real by the rule trades are mostly winners. So I intend to stick with the dance long term. Learning the Jacko way wud be a great option thou as it wud enable me learn and take his trades. I wud like to know if u tink it's a better option compared to J16. Thanks for your tym, greatly appreciate.
  • #152
  • May 3, 2010 7:26pm May 3, 2010 7:26pm
Quoting forexmick
12th TRADE

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

It is 5.08pm NY time Monday I have SOLD one GBP/USD at 1.5322
Closed Trade Twelve at 1.5244 at 8.25pm NY time = +78
  • #153
  • May 3, 2010 7:36pm May 3, 2010 7:36pm
Quoting Naijapipholi
Hello, am thinking of joining the Jacko Turtle's as soon as I ve the resources, I wud just luv to knw how your trading is doing now u are been mentored by Jacko. .
http://www.forexfactory.com/showpost...0&postcount=70

I did not want only his signals, I wanted to LEARN HOW TO TRADE. And he has been fantastic for that.

The best way to learn is to find a professional trader that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully. Then use your own initiative. Thats what I did.
You need to LEARN how to trade Forex. Despite what some say here, it is NOT a God-given gift. Some dumb traders here wear demo trading and blown up accounts as badges of honour. Don't listen to them. It is all shite. Blown up accounts is not a indicator of becoming a good trader. If you think you have to blow up your account on the way to learning how to trade, then you are as dumb as them.
  • #154
  • May 4, 2010 2:05am May 4, 2010 2:05am
14th TRADE

It is 3.05am NY time Tuesday I have SOLD one EUR/USD at 1.3175
  • #155
  • May 4, 2010 2:09am May 4, 2010 2:09am
15th TRADE

It is 3.08am NY time Tuesday I have SOLD one GBP/USD at 1.5220
  • #156
  • May 4, 2010 2:23am May 4, 2010 2:23am
I have three trades open

Trade 13 Short EUR/USD at 1.3230
Trade 14 Short EUR/USD at 1.3175
Trade 15 Short GBP/USD at 1.5220
  • #157
  • May 4, 2010 2:52am May 4, 2010 2:52am
Closed Trade Thirteen at 1.3162 at 3.50am Tuesday NY time = +68
  • #158
  • May 4, 2010 2:57am May 4, 2010 2:57am
Closed Trade Fifteen at 1.5191 at 3.55am Tuesday NY time = +29
  • #159
  • May 4, 2010 3:57am May 4, 2010 3:57am
Closed Trade Fourteen at 1.3132 at 4.57am Tuesday NY time = +43
  • #160
  • May 4, 2010 7:11am May 4, 2010 7:11am
Quoting forexmick
I have three trades open

Trade 13 Short EUR/USD at 1.3230
Trade 14 Short EUR/USD at 1.3175
Trade 15 Short GBP/USD at 1.5220
The three trades closed for 140 pips profit.
No trades left open.
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