Hi Barry, my take on that... I've never used/don't know anything about regression channels, but your trend lines look about right. The drop to 350 was definitely a risk, but hallelujah, the market's at 750ish now so that didn't happen. But should ...

Jacko's Forex House of Pleasure and Pain

Storeagepro, are you part of Jacko's group?

Jacko's Forex House of Pleasure and Pain

Not at all - David I wish you all the best of luck - I can't add anything to that as my programming skills never ran past the video recorder! The only thing I would say is this - how could you program for something like the decision that "I won't ...

Is it possible to make 20k to 70k in short time (7 weeks)?

You pose interesting questions, I have less interesting answers ...are they rational enough to ultimately be "bottled"? Well, if by bottled you mean put into a series of hard and fast rules, I'd say no, probably not. But if you mean learnt, then ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Actually, yes I do agree - of course it is possible. But what's suprised me in the time he's been trading is his ability to spot and avoid what would ordinarily be a big losing streak for a trend trader. Trend traders are usually screwed without a ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Tdion, I didn't realise you were after evidence? I'm a member of Jacko's first group (started in October last year), and I have never seen any better example of market intuition and discretionary trading. And his discretion and instinct does ...

Is it possible to make 20k to 70k in short time (7 weeks)?

"Hence the reality is that there is no such thing as a "discretionary" trader. Every trade made is either the result of some kind of a rationale, or it is an irrational, random guess. -- If the former, then by studying enough of a trader's entries ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Is that right? — Really Jimo, I think you are him, because what are the chances of both of you having a poor command of English language ("I know forex market 3 years ago i was focus") , a shaky grasp of trading and being impressed by someone ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Oh for crying out loud "now any one have good way or strategic to trade like that man?" Sure. Trade with the trend, buy on a dip, don't use a stop loss and gamble your whole account on each trade. But you can't seriously have been trading for 2 ...

Is it possible to make 20k to 70k in short time (7 weeks)?

Hmm, given that financial commentators (Bloomberg, FT et al last May) can't agree when an intervention takes place, I wouldn't have thought that this topic warranted a move to forex rookie Q&A... But I'm prepare to be humble if everyone ...

Currency interventions

Carter, it's worth pointing out that Jacko's entrance fee is a nominal payment originally worked out to cover the cost of the SMS messages. He's not doing this for the money, and just uses an entrance fee as a way of filtering out those who aren't ...

Jacko's Forex House of Pleasure and Pain

Yes, the TSLs are fine - that's not causing me any bother. It's the TPs vs waiting to be stopped out by TSL that's bugging me. I know there's no definitive answer because it depends on your own strategy, TFs etc, but I just wanted to hear others how ...

Changing strategy for market conditions

Tdion: nobody knows when the market will change.... so preparing for it is useless. -- I agree preparing is useless, but reacting surely isn't? In a simple example, if volatility massively increases (as it has with E/U over given months), I increase ...

Changing strategy for market conditions

Much appreciated Gift (sure there's a joke there somewhere...!). How about ranging vs trending markets? If you take ranging markets - as EU has been for the past week, it obvious gives a kicking to trend-based strategies. Do you flit between ranging ...

Changing strategy for market conditions

Hi Gift, great response. I'm keen to pick your brains on this. With the interest rates, what do you read into them? For eg, the US is obviously suffering and have slashed interest rates to reduce the price of credit/kickstart the economy. But then ...

Changing strategy for market conditions

Great thread. I tihnk the timescale, as well as the strategy is all important. Thinking of Black Swans, the longer you're holding a trade for, the less you can predict where it's going to go. Ergo, the longer the trade, the higher the chance a ...

To Trailing Stop or Not To Trailing Stop....

Totally get where you're coming from. It's such a balancing act, but better to undertrade than overtrade. I think it's Phil M who says 'he who picks bottom gets stinky finger'. PS Brickman, Stevo's right about the trend (singular)

Jacko's Forex House of Pleasure and Pain

Hi Sean, I'm thinking c) as well, although I'm not tied to a bounce off 1.5164, but to see it go under 1.52, to wherever it may land, and then buy on the way back up. And if it goes lower than 1.5150 then I may step out for a bit longer... There's ...

Jacko's Forex House of Pleasure and Pain