All These F**Kin Posts
First of all, can we all please stop all these accusations.....marketing, Jacko this Jacko that...i need proof, he is a scam etc etc etc.......................we all need to come to agreement that if you follow Jackos style and trade based on his PF posting then you will never make it in this business.....................one should have a mind of their own to see what Jackos posts and check the setup and make an INDEPENDENT decision on whether to go in or out......................i am part of the PF Turtles since February 2010 and i must say i have made some loses and profits following what Jacko posted..............it is not a 100% profit system but you got to do your won analysis...................MAKE YOU OWN MIND UP AND DECIDE WHETHER TO TAKE THE TRADE OR NOT............for one i like the Jacko system and i use it on a different pairs............only difference is....if i do not like the setup...i stand aside and that is what each one of us should be doing instead of a daily F**Kin DOSE of Jacko this Jacko that........Scam, marketing............for crying out......lets stop this and concentrate on trading............cheers..........no offense to anyone............
AMEN to that DanUK.......the guyz/galz at James16.........they are like no other...always willing to help regardless.....................
I wonder if they (J-16) have forum crashers too that try their best to ruin a thread, and if so, how do they handle it?
Jacko's on fire this week. Off the top of my head he's at +450 pips. I would be too if I followed his trades to the letter. But I didn't and am glad. I closed one too early and opened another too late. All made pips but not anywhere near what he got. But I'm making my own decisions and learning tons from them that are worth far more than a few extra pips here and there. It's cool that I have his blog entries to confirm/contradict my own decisions and in the end see who's right and who's wrong (take a guess who's winning...a hint...it ain't me
I'd like to throw out a question and see what other's opinions are on this. Concerning averaging down (adding to losing positions), Jacko refers to it as "...give you huge STDs (seductively transmitted debt)." I'm sure he's correct in the strict sense of it but I remember him stating early on either in the blog or in the forum that he noticed that when you first open a position it often goes immediately against you and he would take the better price, not stating if he closed the old one first or just added to it. I would think the closing and reopening would be his preference.
I, being a relative FNG to trading, get the heebeegeebees when this happens and make all kinds of retarded mistakes. One method I've used with pretty good results is to not go in initially with my full 2% but to go in with 1 and leave the rest for adding to the position should it go either way as long as PA says the trade should still work. The heebeegeebees diminish when I would prefer the price to go the opposite way I want it to so I can add more at a better price. So far it has worked out and when it hasn't I've lost less than I would have if I had entered with the whole 2%. If the price goes in my favor and doesn't look back then I would not have made as many pips as I would had I entered with the full 2% but I can still average in and not be too picky as to where. And I get a heebeegeebee-ectomy for my effort.
Any thoughts on this?
Well, I don't like the idea of adding to a loosing position... but I can't see a problem with adding to a winning position... so long as you are trading with the right outlook.
In fact I have adjusted my trading this year... I don't trade H4 charts now, I trade dailies and it certainly lends itself to adding to (winning) positions.
Concerning trading only one time frame.
Check this out and tell me what you think.
well well...sure look like goodfellow and garrye were one and the same...
LOL.... Ok well honestly this garrye situation has been just hilariously dumb lol. I don't even know what to think right now, so I'll lay it out how I see it:
1. Garrye at first liked jacko's group and even sent me some helpful PM's in regards to approximately how many trades jacko takes per month.
2. out of the blue, garrye starts to label jacko's group as a scam and a market scheme set by wayne, and getting helped by forexmick.
3. forexmick's thread starts to look like BS when garrye raises his points about how it doesn't make sense.
4. garrye posts huge run on sentences that make no sense, swearing and being obnoxious, and gets banned.
5. all of garryes old posts are NOT deleted, this leads me to believe that the jacko turtles group is NOT a scam (otherwise, all of garryes posts would have been deleted)
6. garrye opens up another account under the name "goodfellow" and continues to question the validity of the group
7. other turtles come in and don't seem to be able to make sense of the garrye situation. It seems as though garrye is just upset that he didn't make 500% returns using the method. (duh)
8. after stating that jacko has had his first losing quarter, garrye now posting under the username "goodfellow" states:
so essentially: Jacko, as a professional trader had a bad stretch, and made it back.... Isn't this what trading is about?
very hilarious how fast garrye's (goodfellow) tone changed when jacko was back into profit LMAO....
All I can say is that Garrye seems like a nut case. Jacko is legit.
As far as the J16 thread being clean of this type of garbage, I think that the hard rules on page 1 of the J16 thread prevents the stupid concept of over-leveraging and crying about going bust in the process. The rules also on page one discourage newbies from coming in and acting like idiots. Jim gives more reasons why NOT to start trading, than reasons to START trading, and I thank him so much for giving his time to make me and all of his followers realistic.
Garrye was not realistic, and when he discovered that he wasn't going to become a millionaire overnight, he lost it.
He doesn't like to add to a losing position.
He can't see aproblem adding only to winning positions.
Therefore you must be Jacko too
Someone tell schitzo Garrye - Goodfellow
IMHO As usual Jacko is correct, averaging down is a losing game.
It is seductive because most of the time it works but it is the one time that it doesn't work that empties out your account.
I am sure that if you have a trading plan that includes averaging down and your total risk does not exceed 2% of your account then it could work for you. By doing this you sacrifice profits since your position size is much smaller to account for the additional trades. Good luck Capt.
To all of the Jacko doubters, you do not see many Turtles responding to your juvenile posts, we know from experience what Jacko has given us. Jacko is one of the most honest and giving people you will ever encounter.
If he didn't care he would just shut the forum down but I think his desire to help the few that really want to be successful makes him keep the forum open. The fee is just to weed out the "weeds". If you have any doubts there are no chains keeping you here or forcing you to join, I know you enjoy arguing but we are quite frankly busy consistently making pips while still having plenty of free time to spend doing constructive things.
Let me just say that I have nothing against Jacko and have nothing against people who run a paid service. I fully support the idea that if you provide something of value you should be rewarded for it. I also don't wish to bring another argument to this thread but please don't insult our intelligence with this old line.
People who provide a paid service do not do it out of charity; they do it for the money (nothing wrong with that in my opinion). I'm sorry but that is the truth of it. If someone simply wanted to keep the "weeds" out they could do it by pruning them back themselves.
Again, no disrespect meant but sometimes I would like to see a bit of honesty about the "paid service".
I agree to some extent with what this guy is saying. Although my preferred way to do it is to have a timeframe that I would trade from (currently daily) but I would form the basis of my opinions of that timeframe from what I see on the weekly charts.
Hope that makes some sense!
Yes, I do have a plan and it's been working very well. Still have a lot more back testing and demoing to fine tune it. Because of the way this works, I never have to risk 2% but my reward is as if I used more than 2% should the trade pan out as expected. If it doesn't work out, I'm down much less than 2%.
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