Who am I ??
My name is Wayne Jackson. I am a professional Forex trader.
I started trading Forex in 2005. I have traded futures for much longer (15+ years).
I started a trading journal at DailyFX in Feb 2006. ("ONLY FOR PEOPLE IN LIVE TRADES-Jacko's Pleasure and Pain conversations").
On that Forum I traded live time for over six months and, as was seen by all who followed those trades, was very successful in my trading. If you have read that journal, you will know that it was "live time trading" and there was no possibility of any B.S. because I (and others) were all posting as we traded. If we had tried to B.S. then everyone would have jumped on us.
Initially, I started with very small numbers of standard lots, but as I started to make very serious money, I stepped up my trading volumes and eventually found my ideal comfort level. I am still trading those large lot numbers.
I trade a little differently now than in my original trading pattern. I trade longer term, and trade on average only about two or three times a week. Less stressful, more profitable.
I now post exclusively on Forex Factory (unquestionably the BEST Forex Forum in existance) where I have a thread:
Jacko's Forex House of Pleasure and Pain
http://www.forexfactory.com/showthread.php?t=27286
Because I am ABSOLUTELY CONVINCED that this is the best "business" in the world.
There are:
1. no rent of offices (that is, NO dealing with Realtors, Lawyers, and government departments...man, what a pain in the ass). Also no office fit-out costs
2. no staff, (man, unless you have had large numbers of staff depending on YOU for their paypacket each week, you cannot know what a huge pain in the ass it is. They ALL want you to solve their problems)
3. No inventory or stock to buy. No shrinkage (theft of stock) and no "slow moving" items. No massive amount of funds tied up in inventory
4. You can "borrow" as much as you want (by increasing your leverage), WHENEVER you want. (Try running a big business and going to the bank for a short term loan for $10 mill...it will take a month minimum). I am trading $10-12 mill all the time and I get it instantly through the brokers by the use of leverage.
5. If the business becomes a hassle for whatever reason, you can shut it down (that is, close all positions) instantly...and re-open (initiate new positions) whenever YOU want to re-open your "business."
6. You can "scale" your business to whatever size YOU want simply by increasing/decreasing your positions.
7. Absolutely minimal paperwork. Simply send your 12 month summary Profit and Loss Statement to your Financial Accountant for tax payment purposes.
8. You can trade from anywhere in the world. My wife and I travel most of the year. (take your laptop or PDA or whatever else they will come up with and trade while sipping a nice drink as close by as your local cafe or as far as some open air cafe in some remote little town in beautiful Italy while you watch a bocce match at the park.)
I could keep telling you more of the benefits of this business, but suffice to say...this is the best "business" in the world. I run a multi-million dollar business from my laptop.
And did I mention that it was exciting and rewarding????
If you want to know more, please contact me here: waynejackson111@Gmail.com
EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY;
1. buy/ sell ONLY in the direction of the major trend and
2. buy/sell on dips.(Use support lines to guide you as to price...also "round" numbers ... I also use the 50% Fib ratio..)
3. bank your profits
Firstly, how do you know what the trend is?
1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.
2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.
3. If you are still confused, print it off and show it to a 5 year old...they will get it right EVERY time...LOL
Secondly, I think the round numbers (1.4500...1.5000...etc) are valuable. I only use minimal numbers of trend lines and the ONLY Fibonacci number I use is the 50% number....
That's the limit of my T/A...
KISS = Keep It Short and Simple
Note: I do NOT use any moving averages (or any other of the fancy measures). They are historical numbers!!!
The reasons that I use only Round numbers, trend lines, and the 50% Fib number is that the big players ALL use them. The more complex you make your trading parameters, the less number of people will be using them.
Forex is one of the most "trendy" markets. That is, it trends MUCH stronger than say metals, oils etc in futures markets. The pair that are the strongest "trend" market is the Euro/USD. Trending markets are soooo much easier to trade than choppy, volatile and erratic markets
Thirdly, Slow down... this market will be here for the rest of your life...DON'T BET YOUR BANK...It is better to get rich slowly...than to go broke spectacularly fast.
Fourthly, A much wiser man than me once said that "If you find yourself in a deep hole, then stop digging" Do NOT throw good money after bad money...stop and accept the loss... then clear you head so that you can see more clearly...You should either
1. Close out the trade, and let the market go up/down....but after the market starts to retrace, then put your "short"/"long" position back on at exactly where you closed it out. This ensures that you get back into the trade on the way down (the Jacko "alternative method" to hedging) or
Fifthly, the is a tendency for newbies to "PANIC" when the market goes a little against them This is due to:
1. Probably scared to lose money
2. Probably undercapitalised
3. New to industry....therefore probably uncertain about your own abilities4. Unsure that the trend lines, 50% Fib line and "round numbers" are as reliable as they are in practice.
4. Probably inexperienced in business and investment from a practical aspect
5. Probably unsure who to talk to for guidance
There is a solution to all the above...... It is called "experience".....
Finally, you ask why I prefer to use the longer term trades. The answer is that the shorter the time period, the more you are gambling and punting on tiny movements. The smaller the time frame, the less they will follow the trend lines, Fib numbers and "round number" rules.The longer the time frame, the stronger will be the trend lines etc
Also, short term trading is emotionally much more draining.
Most people are trading for the adrenaline rush rather than the boring concept of just maximising profits
If you want to know more, please contact me here: waynejackson111@Gmail.com
Results (2006)
Prior to March 2006
Until early March 2006, I was a RABID "short" on the Euro/USD. I was very keen on going "short" on this pair...which resulted in excellent profits. However:
On March 29, 2006, I wrote
My opinion...for what it is worth...We are the start ... of a major bull run in the Euro that may continue for maybe 1 or 2 glorious years.
The strategy is not difficult...buy and hold...then buy some more...then buy some more...
No need to over-leverage...
I seriously doubt that we will see under 1.2000 again in the near future unless there is a major disaster /calamity/new war etc
I personally won't be shorting this market again. It is not worth the pain of betting against the trend...
On April 25 2006 I wrote:
I am looking to 1.3666 within 12 months...and then it will continue on higher
As seen from above
On April 25 2006 (when the Euro was at 1.2400) I stated that "I am looking to 1.3666 within 12 months"
.
In an attempt to put the success of my trading into context the following is a summary of the growth of my accounts over time (as documented publicly in the live-trade / live-time thread at DailyFX)
The following was posted on 02-28-2006
...I went profitable on my first couple of trades and therefore was using my earnings as the funds...after the first two trades, my initial balance has been basically untouched. The point I am trying to say is that a huge account balance isn't really necessary....
The whole fundamental point or advantage of this business is Leverage (and rapid compounding of profits).
The following was posted on 03-07-2006
As can be seen from my trading history that has been published real-time here on this thread, I was $30,000 in profit last month...this month (at the current price of 1.1920), I am $8,800 in profit (plus my off record trade is $13,000 in profit).
I realise that my trades look big... but I have yet to touch my original starting capital....
I also agree that I have moved up my positions agressively...from 5 lots...to 9 lots...to 20 lots...to 30 lots, all within a six week period....I will be slowing down on the growth rate of my positions in the future.
The following was posted on 04-06-2006
Since I have been recording my trades here on 2/2/06 (just over two months), I have made a strong six figure income ($188K) ...with minimal ($3000) drawdown on my original account (which occurred on my third trade here)
I use the barest of Technical tools...minimal numbers of Support and Resistance lines, the 50% Fib retracement rule and the natural "clustering of trades around the "round numbers" (eg 2100...2200..etc).
Also I have a policy that everyone here knows ...which is to only trade with the trend...cos if you make a mistake, the trend will get you out of trouble....
If you want to know anything else just ask...I try to be open about everything I do...my trading has been all done live time here and if I had tried to pull any tricks, these guys here on the thread would have nailed me to a wall.
The following was posted on 04-12-2006
All my trades are documented in this thread... I am more than happy for you to do an independant audit...
My trading strategy hasn't changed...only the size of my trades as I became more confident (and profitable).
I trade in $100,000 units and my trades went from 2 lots to 5 lots to 10 lots to 20 lots fairly quickly. I now trade in 50 lots (for first trade) and then will add a 20 lot.
....I have only gone into my capital to the maximum of $3000, primarily due to being profitable in my initial trades...
Please feel free to go back through this thread and verify all this
The following was posted on 04-27-2006
I just passed the $500,000 profit mark about 30 minutes ago..
More Results (2008-2009)
In late October 2007, due to a number of requests from traders on ForexFactory, I started a mentoring and training group which was hugely successful and those traders became known as Jacko's Turtles (after the famous Turtle training experience in the 1980's).
There are 32 members in the combined group. Within the first six months of starting the group in November 2007, three (3) members of the group became professional full-time traders and another three (3) have been invited to become proprietory traders for a large investment bank.
Edit May 2009 The number of members that have become full-time professional traders has grown significantly in the last 12 months as their skills have improved.
I have now decided to expand that training opportunity to allow more traders to become accomplished Trend Traders.
What I am offering is:
1. Instant notification of all trades (all notification by SMS to personal cell-phones).
2. Daily educational discussion of my reasons for “taking the trade” and up coming trades on a private website.
3. Followed by educational discussion of trading techniques including questions and answers from group members on a private website,.
4. I also attempt to answer all one on one emails from the group members within 24 hours (except on weekends)
5. In addition, you will have access to ALL the past information since the first group was formed, including selected questions from traders in the group.
*This will be of educational value because it allows you to see the exact time of the decision and you can then verify the time against my weekly educational discussions.
The cost of this “educational training” is USD$700 for a 12 month period (This fee is to ensure that only traders who are serious about trading are involved). Also, this covers the cost of international SMS messages for one year. NOTE: The total cost for the full 12 months is USD$700...that is less than $2 per day.
We are reasonably comfortable that, should it go as well the first groups, that we will all be friends with a common passion rather than business acquaintances.
I am really excited by this project and am seriously looking forward to building a really solid core of successful trend traders.
I have continued to trade profitably in both 2008 and 2009 as any member of the group can verify. They read the reasons for ALL my trades well before I place the orders, they receive the SMS as I place the order and they see ALL the results.
Wayne Jackson
If you want to know more, please contact me here: waynejackson111@Gmail.com
.
.
.
.
.
U.S. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither Mr. Jackson, nor any of his affiliates or associates involved in the in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
Jacko
.
Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrendWayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency trader Wayne Jackson forex anti-hedge countertrend trend trader currencies currency traderWayne Jackson forex anti-hedge countertrend
Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko Jacko jacko jacko jacko jacko jacko
