DislikedIs the logic a secret?Ignored
I Had No Idea I Took So Much For Granted 58 replies
Broker took my $2k back 69 replies
Dislikedyes, but i am in jackos private group so i also follow the logic of all his trades. The basic outline is exactly that. It is the BASIC outline. But he is an extraordinary trader. He has been profitable all through his trading which we see before he trades and as he trades. His trading calls are good. There is no smoke and mirrors.Ignored
DislikedIt means that he does not hide anything. jacko is the most transparent trader I have ever seen. As a member, i see each trade concept from the start right to the finish. He puts out his chart positions, tells us evrything he is thinking, then makes a decision on the support and resistance spots. I get all his signals and I can trade that position with him or make my own decisions. I get to see all trading and all his results. His signal results are thousands of pips in profit.Ignored
DislikedMy understanding is this: Markets are the result of belief systems that create orderflow. Phenomena like S/R and trendlines are easily and unambiguously visible on several timeframes, and have consequently become so pervasive in their use, that many orders get placed in those areas.
The market operates on willing buyer/willing seller and (as has been pointed out already) supply and demand. Increase in demand results in buying pressure, and vice versa. Pending (limit) orders create liquidity, while market orders consume it. This analogy is an over-simplification,...Ignored
DislikedA top post Hanover. You are one of the best posters here lately. The place is being flooded by kiddies but this post is brilliant.Ignored
DislikedAs soon as a trader realizes that the basis for entering a trade is his own skill, instead of an arrow, he's on his way to become profitable.
Keep it up.Ignored
DislikedGlad I read this one.
You were right, a winning strategy is not one that is complicated like what most new traders are looking for when they first joined.
In fact, successful traders make money out of simple trading plan that most people will disregard.Ignored
DislikedJust Support, Resistance and Trendlines.Ignored