cesare - I would agree with you that we are in a range - a VERY large range. I do think the dailies show that we are in a downward move overall and I am really only taking shorts at the top of the range and then tightening my stops as they approach ...

Jacko's Forex House of Pleasure and Pain

Hey Melb - Looks like you have quite the set up going. However, this Thread is really dedicated to trading the Jacko method. Read the first few pages and see what you think about it. It's not for everyone but it certainly has helped me with my ...

Jacko's Forex House of Pleasure and Pain

Well - to me...what ever that's worth - the trend is still down, so if the smaller time frames are ranging, I am selling every pull back or top of the range. Esp this one because the range is about 400 pips wide...so there is plenty of room to let ...

Jacko's Forex House of Pleasure and Pain

Welcome Arkon - I just started posting too and it's addicting, so careful. It depends on what timeframe you're trading. The daily is still down, the 4H (my main timeframe) can most likely be called sideways and I am considering the 1H to be sideways ...

Jacko's Forex House of Pleasure and Pain

mparker, Interesting idea, but what I don't understand is how do you know when the market has changed trends or has had a severe correction. I know if I threw my stops out, my Risk Managment would be thrown out as well (Don't throw the baby out with ...

Jacko's Forex House of Pleasure and Pain

HAHA - yes much frustration there...and it always seems to take out your stop by one or two ticks and then resumes in your favor!!! I love the AH but if I get taken out and it doesn't allow for an AH it forces me to think, "Hhhhmmm, i guess I was a ...

Jacko's Forex House of Pleasure and Pain

Dan - Have you increased you TS to 150 or 200? If so, what has the result been? I can def see the need due to the increase volatility but I need to seriously think through it since it would completely change my RM ratio. Thanks in advance!

Jacko's Forex House of Pleasure and Pain

Hey Kru - Thanks for the screen shot that helps. BTW, I'm still a student as well AND I use some other methods to refine my entry point but sometimes I feel like I would be better off just trading the Jacko method. The AH in short is when your ...

Jacko's Forex House of Pleasure and Pain

Steve - Jacko provides a method where it is "OK" if your stops are taken out. It's the Anti-Hedge Theory. If you are trading in the direction of the "major" trend, a rally against shouldn't hurt you becuase you will put an order right where you were ...

Jacko's Forex House of Pleasure and Pain

Forgive my ignorance, please explain...

Jacko's Forex House of Pleasure and Pain

trend and AH — Ok first things first - the general consensis of the trend is down...at least it is on the timeframes I am trading. As for my trade this morning, i was about 100 pips too early!!! ahaha. I was stopped out @ 2974 then place my AH ...

Jacko's Forex House of Pleasure and Pain

Not to Jacko...either that or he knows an extremely smart 5 year old!!

Jacko's Forex House of Pleasure and Pain

isn't counter trend trading not the Jacko way? As well as using TP's? I am new here to this method, but from what I read Jacko ONLY tades the trend and uses his trailing stop as his exit... A little bit of light shed here would be great, thanks guys ...

Jacko's Forex House of Pleasure and Pain

well my 100 pip trainling stop was hit @ 2974 for a 24 pip loss waiting for a move above further to put an AH in place...

Jacko's Forex House of Pleasure and Pain

I too see consolidation there, but the 1.300 is pretty good resistance along with the current trendline. I am looking to ride it down to about 1.2800 and then tighten my stop up to about 50pips... I still think the euro is over valued and with the ...

Jacko's Forex House of Pleasure and Pain

I agree completely, a 200 pip stop loss for me is way out of range. The size of my trades would have to be cut in half in order to maintain my current R%. Thus decreasing my profit potential - which is small to begin with. I will just use Jacko's AH ...

Jacko's Forex House of Pleasure and Pain

this coming week — Ok - here is my set up for this week. ANY comments or criticism (as long as it's constructive) will be appreciated. I have the assumption that we are in a down trend - bear - market. This puts me in the situation of looking ...

Jacko's Forex House of Pleasure and Pain

pumped up — hey guys -- for those of you hoping to drive Jacko away, i think you all have accomplished that. Please do not use this forum as a place to get your frustrations out or pump up your posting count. I would like to talk about the ...

Jacko's Forex House of Pleasure and Pain

the old adage goes something like this - "How do you boil a frog? - Very slowly..." We the people (not just Americans, but globally) have had the wool pulled over our eyes and I am not so sure it wasn't voluntary. People love to blame their ...

Jacko's Forex House of Pleasure and Pain

debate of censorship — Hey all, First I have to say THANK YOU to Jacko and the members of his group. I am a young trader that "stumbled" on this thread through TLT blog (great stuff there too) and thought I would add my 2 cents. What I desire ...

Jacko's Forex House of Pleasure and Pain