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Jacko's Forex House of Pleasure and Pain

  • #10,841
  • Apr 29, 2010 6:12pm Apr 29, 2010 6:12pm
Quoting TGpop
why is everyone bitching?
Well... actually they stopped about a week ago!
  • #10,842
  • May 3, 2010 7:27am May 3, 2010 7:27am
Following Jacko's strategy, i drew a chart with the resistance line.

I am actually looking for a short position (at the resistance line) which is currently around 1.3450.
Attached Image (click to enlarge)
Click to Enlarge Name: chart-2010-05-03.jpg Size: 36 KB
  • #10,843
  • May 4, 2010 12:36pm May 4, 2010 12:36pm
Well done Wayne on your 280 pip bank within 48h...
Those that say do not know. Those that know do not say.
  • #10,844
  • May 5, 2010 9:21am May 5, 2010 9:21am
Quoting ohenry
Well done Wayne on your 280 pip bank within 48h...
I second that. Nice anti-hedge nicely profitable trade.
  • #10,845
  • May 5, 2010 2:15pm May 5, 2010 2:15pm
The Euro is in trouble.

If it goes down the pan, does Jacko have an alternative currency pair that he will trade?

Jacko turtles: what would be your plan if this happened?

Regards,

Dan
  • #10,846
  • May 5, 2010 2:23pm May 5, 2010 2:23pm
I'd probably use the exact same strat on multiple pairs, seems tp work for you?
  • #10,847
  • May 5, 2010 2:27pm May 5, 2010 2:27pm
Quoting fenlander
I'd probably use the exact same strat on multiple pairs, seems tp work for you?
Yes mostly it has worked out ok. But no other currency pair, with the possible exception of AUD/USD has been as consistently trendy and as easy to trade as the E/U.

Funnily enough I was actually considering dropping back down to just trading the E/U in order to make my life easier but the trouble in Europe does worry me!
  • #10,848
  • May 5, 2010 2:34pm May 5, 2010 2:34pm
the euro will no more fail than the dollar will, so he wont need an alternative
  • #10,849
  • May 5, 2010 2:35pm May 5, 2010 2:35pm
Quoting kon5t
the euro will no more fail than the dollar will, so he wont need an alternative
What makes you think that?
  • #10,850
  • May 5, 2010 4:41pm May 5, 2010 4:41pm
[quote=DanUK;3699934]The Euro is in trouble.

If it goes down the pan, does Jacko have an alternative currency pair that he will trade?

I think this is a very astute post.
Admittedly this is slightly off thread, as it's not a buy or sell on a 50% retrace, but how many markets offer those conditions at the moment?
But why limit yourself to another currency pair in the quest for pips?
Pull up a Silver chart ( i prefer it to gold as it seems to respect SR levels much better, and is not prone to such wild(er) moves.
Nice uptrend from from oct 08 to nov 09. Then, range trading.
BUT, with some good SR levels, this has by far been my star performer.
See how many bullish engulfings, or bearish engulfings, you get at major SR levels. Trading from one level of SR to the next level of SR can be very nice.
Apologies if i've taken this slightly off piste, but I think that while the original method was sound, as traders we have to adapt.

All the best.
  • #10,851
  • May 5, 2010 4:59pm May 5, 2010 4:59pm
Quoting DanUK
The Euro is in trouble.

If it goes down the pan, does Jacko have an alternative currency pair that he will trade?

Jacko turtles: what would be your plan if this happened?

Regards,

Dan
I'm not in the group.... but.... gold? Seems like Jacko would crush any commodity market to be honest. He does already have a ton of futures trading under his belt to begin with.
Many choose unhappiness over uncertainty.
  • #10,852
  • May 5, 2010 8:36pm May 5, 2010 8:36pm
Quoting ohenry
Well done Wayne on your 280 pip bank within 48h...
Yes, well done. Jacko is a man on a mission after going to NY.
  • #10,853
  • May 5, 2010 8:39pm May 5, 2010 8:39pm
Quoting DanUK
The Euro is in trouble.

If it goes down the pan, does Jacko have an alternative currency pair that he will trade?

Jacko turtles: what would be your plan if this happened?

Regards,

Dan
The Euro wont fail. There is too much invested in it now. If it did, he would prolly trade the Deuschmark/USD?
  • #10,854
  • May 6, 2010 5:24am May 6, 2010 5:24am
[quote=golfer27;3700303]
Quoting DanUK
The Euro is in trouble.

If it goes down the pan, does Jacko have an alternative currency pair that he will trade?

I think this is a very astute post.
Admittedly this is slightly off thread, as it's not a buy or sell on a 50% retrace, but how many markets offer those conditions at the moment?
But why limit yourself to another currency pair in the quest for pips?
Pull up a Silver chart ( i prefer it to gold as it seems to respect SR levels much better, and is not prone to such wild(er) moves.
Nice uptrend from...
Interesting thought, thanks! I've never considered trading silver or gold as I once heard it was a rich man's game... so I stayed clear of it! Perhaps I should look closer at it as a quick glance at the charts and they both seem good from a technical perspective.

Regards,

Dan
  • #10,855
  • May 6, 2010 7:41am May 6, 2010 7:41am
Quoting capitalx
Yes, well done. Jacko is a man on a mission after going to NY.
You are right about that. He is on fire since he got back from New York.
  • #10,856
  • May 7, 2010 2:51am May 7, 2010 2:51am
Quoting daringdave
You are right about that. He is on fire since he got back from New York.

It would appear that Jacko has now abandoned all his original well documented rules.
Add to this his very basic understanding of the fundamentals that are driving the currency markets. When added together they constitute a danger to anybody blindly following his trades.

If you want to trade from signals then take a look at FxAdvice.

Regards,

BabeFX
  • #10,857
  • May 7, 2010 4:11am May 7, 2010 4:11am
Quoting BabeFX
It would appear that Jacko has now abandoned all his original well documented rules.
Add to this his very basic understanding of the fundamentals that are driving the currency markets. When added together they constitute a danger to anybody blindly following his trades.

If you want to trade from signals then take a look at FxAdvice.

Regards,

BabeFX
What do you mean he is trading recklessly?

Regards,

Dan
  • #10,858
  • May 7, 2010 4:41am May 7, 2010 4:41am
Quoting DanUK
What do you mean he is trading recklessly?

Regards,

Dan

Hi DanUK


It was a heads up for the members of his signal service, I really can't elaborate on that without compromising my source.

BabeFX.
  • #10,859
  • May 7, 2010 5:09am May 7, 2010 5:09am
ive noticed jacko has a tendancy to have a great trade or two then spoil it with a reckless move. His confidence might turn out to be a bit costly... or profitable...

I really dont like the way he has been adding to his positions. When i add to a position i always have a break-even buffer
eg: (s@3320), doubled up at 3100 and place sl @3200.
  • #10,860
  • May 7, 2010 5:51am May 7, 2010 5:51am
As far as I understand Jacko is not a signal service....

Anyway does one follow blindly to what is on offer, be it forums/blogs/services, whether paid for or not or does one a line the offering (of their choice), with their own method/style/edge and make up their own mind?

So the question begs "whom do I blame when things go pear shape?"..
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