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Jacko's Forex House of Pleasure and Pain

  • #3,901
  • May 27, 2008 2:55am May 27, 2008 2:55am
or are we getting stuffed by taking the wrong trades one day
  • #3,902
  • May 27, 2008 2:57am May 27, 2008 2:57am
Quoting aud
How do you get to it? All I see is a front web page with his self promotion. Not knocking it, just thinking there must be more.
Aud,

As it says on the web page you visited;

"The cost of this “educational training” is USD$xxx ...If you want to know more, please contact ......"

When someone joins, they get access to the blog that members of Jacko's group talk about. We also all received an SMS message from Jacko within the last hour. It's all part of his offering.

It was a small investment in my business that has helped significantly.

Rob
  • #3,903
  • May 27, 2008 3:01am May 27, 2008 3:01am
Thanks folks, I hadn't "picked up" on needing to pay to read the blog.
Edit: "We also all received an SMS message from Jacko within the last hour." If that's in relation to the European open, that pretty good service.
Good Trading
  • #3,904
  • May 27, 2008 3:05am May 27, 2008 3:05am
Quoting wattawatta
I would like to thank Jacko for all his help. He has helped me see that what I am becoming is more than a trader. I am becoming an owner/operator of my own trading business which has a turnover and profit well in excess of my expectations.
He has also shown me that it is a business that I can operate and grow as it suits ME. And I now have a business that I can operate for the rest of my life.

I had read this http://www.forexfactory.com/showpost.php?p=1425723&postcount=2
a lot of times but it wasn't until we had a real 1 to 1 email discussion about it that I really, really, really finally understood.
I now have a lifetime business that I can grow and operate as it suits me. That's brilliant.

I AM BECOMING AN AWESOME TRADER
After an incredibly successful week for me and all of Jacko's turtles this past week, I am ready to do it all again this week and next week and every week till I die. Thanks Jacko

Jacko's blog in the last couple of days has been awesome

I AM BECOMING AN AWESOME TRADER
  • #3,905
  • May 27, 2008 3:15am May 27, 2008 3:15am
I joined the group a week or so back and the light has finally been turned on.If you've done your time with the purveyors of FX BS and you're not prepared to give up then go no further than this thread. Better still if there are spaces available, pay the money and join the group.
P.S this is just my personal opinion and I could be wroooooooooooooooooong!
  • #3,906
  • May 27, 2008 3:22am May 27, 2008 3:22am
Quoting aud
Thanks folks, I hadn't "picked up" on needing to pay to read the blog.
Edit: "We also all received an SMS message from Jacko within the last hour." If that's in relation to the European open, that pretty good service.
aud,

Don't get the wrong idea. Jacko's blog is not a signal service.

What Jacko does is explain & offer some of his thoughts and feelings as to what is driving the Euro, he also mentions from time to time at what levels he might be considering a trade for himself.

Jacko makes a strong point that he is not offering a signal service, he is in fact teaching his group how to trade using their own discretion.

Regards,

BabeFX.
  • #3,907
  • May 27, 2008 3:27am May 27, 2008 3:27am
looks like my search is over, ill be a member soon
  • #3,908
  • May 27, 2008 3:33am May 27, 2008 3:33am
Quoting aud
Thanks folks, I hadn't "picked up" on needing to pay to read the blog.
Edit: "We also all received an SMS message from Jacko within the last hour." If that's in relation to the European open, that pretty good service.
Aud, it's not in relation to the European Open.

He sends an sms when he feels it's necessary to draw members' attention to the blog.
  • #3,909
  • May 27, 2008 4:17am May 27, 2008 4:17am
Quoting aud
Thanks folks, I hadn't "picked up" on needing to pay to read the blog.
Edit: "We also all received an SMS message from Jacko within the last hour." If that's in relation to the European open, that pretty good service.
Aud,

This sounds as though you are being disrespectful to Jacko.

Jackos group is the best deal in Forex. He is the real deal. Where else are you going to be able to talk to a guy who trades 200-300 Euro Lots at a time?
He answers every one of my emails when I have wanted to ask something. And he answers them within 24 hours
There is no bullshit in his blog. He trades live and gives us hours of warning about his upcoming trades
And he says this in his blog;
Remember, I am not a signal service...My trades are not a recommendation. They are simply to allow you to see WHEN and WHAT I am trading, and WHY.
I don't ask people to follow only my trades. My trades are simply my trades,... some (and probably most) of the group trade my trades PLUS their own.
As to having to pay for the blog, I have recouped my joining fee many times over and I have only been a member for a short period.

If you have come onto this thread do be disrespectful to Jacko, then you have come to the wrong place, my friend.


  • #3,910
  • May 27, 2008 4:35am May 27, 2008 4:35am
Good day

I'm a newbie and going to start trade forex USD/JPY with USD2000.
My question is:-
What is the probability to roll 2k to become 1 million USD in 2 years time???

Kindly provide me some advice...
  • #3,911
  • Edited 5:28am May 27, 2008 4:41am | Edited 5:28am
For anyone out there interested in joining Jacko's groups just do it i'd say. It works on a sensible timeframe for trading, it is backed up by common sense, straightforward logical premises for trading and obviously from those that have been in the group for a long time it is profitable.

i trade full time ( not forex, well not til now ) and have been through the intraday stuff etc which is achievable but from my point of view the big money is in the big runs and it is far less stressful. what i would say is that you must have patience though.

In an earlier post i mentioned that i spent all last year trading off a 5 min timeframe on one market prob making on average 2 trades a day. I wanted to do this to get to know my market but i also lost track of the bigger picture alot of the time and got out of good positions that i could have held for days if not weeks. the worst thing was that i knew i was doing this and still didn't stop and wait for the prime set ups on the higher timeframe. i think when you come from normal working background....... and on top of that i was raised and worked on a farm where hard work is a prerequisite.......sitting back waiting for a trade can feel like you are doing nothing or you aren't being productive so you get guilty, click the button then curse yourself for being an imbecile and not waiting for the best set up. It's a crazy mindset because we get into this game to have spare time and to earn an income but we feel we need to trade for tradings sake.

I looked back after a year and if i'd only taken 10 of my normal set ups off a daily chart but with an hourly chart entry for the whole year i would have made 5 times as much at least.

500USD is a snip in terms of a career in trading. it's possible that within a year that could be 1 pip. I'm with Jacko to purely get the discipline and patience back as his method is openly available throughout the thread. don't expect anything much more as far as the system goes by joining but it's the "incidentals" that i'm looking for. I know what i need to do and by being with jacko it is like having a sub concious big brother there keeping things in check til i get back to the patience just being habit.

the bloke i have learnt alot from always says " get your shit together" and says that if he was to employ you to trade for him then would you take all the crazy trades that you do as an individual. the answer is obviously no otherwise you wouldn't have your job for long.

i've been with jacko for about 2 weeks and the last trade was my first and a good one. do i think it is always like this....no. the trend will end one day and then we will need to be prudent and patient to wait until we get onto a new trend. then it will be patience, patience, patience because once the new trend starts or the old one resumes it will be time to cash in.

sorry for boring you all but i truly feel that if there is anything decent i can contribute it is what i have just been through and jacko's way of trading is the way you want this business to run in my opinion.

happy trading
  • #3,912
  • May 27, 2008 8:23am May 27, 2008 8:23am
Quoting ynpg
Good day

I'm a newbie and going to start trade forex USD/JPY with USD2000.
My question is:-
What is the probability to roll 2k to become 1 million USD in 2 years time???

Kindly provide me some advice...
...is the kind of post we are going to have more and more frequently if you people dont stop going on about how many lots and how much money you are making, come on, stop all the bragging its BORING...take care, Raz
Never say never.
  • #3,913
  • May 27, 2008 8:37am May 27, 2008 8:37am
Quoting razldazl
...is the kind of post we are going to have more and more frequently if you people dont stop going on about how many lots and how much money you are making, come on, stop all the bragging its BORING...take care, Raz
That's why I said in a previous post I don't see why everyone is posting their trades. For someone who is new and wants to learn this method, they'll have to scroll through numerous posts of traders posting how many pips they made, where they entered etc. It's more beneficial to all, if you post your setups/charts instead and the reasoning behind it.
  • #3,914
  • May 27, 2008 9:57am May 27, 2008 9:57am
Quoting razldazl
...is the kind of post we are going to have more and more frequently if you people dont stop going on about how many lots and how much money you are making, come on, stop all the bragging its BORING...take care, Raz
It's a swingin weenie thing.............
Same Whore .... Different Dress
  • #3,915
  • Edited 10:10am May 27, 2008 9:58am | Edited 10:10am
Quoting zorroz
what i would say is that you must have patience though.

sitting back waiting for a trade can feel like you are doing nothing or you aren't being productive so you get guilty, click the button then curse yourself for being an imbecile and not waiting for the best set up. It's a crazy mindset because we get into this game to have spare time and to earn an income but we feel we need to trade for tradings sake.

the bloke i have learnt alot from always says " get your shit together" and says that if he was to employ you to trade for him then would you take all the crazy trades that you do as an individual. the answer is obviously no otherwise you wouldn't have your job for long.

we will need to be prudent and patient

Some things are okay to be repeated and emphasized several times throughout the thread.

Quote
his method is openly available throughout the thread. don't expect anything much more as far as the system goes by joining

What, you mean he doesn't have 50 secret hidden indicators lying in wait for insiders only?

The shock! The horror!

I like Raczekfx's area, too


..and I don't think it'd hurt the uptrend if EURUSD dropped 1-2000 pips from 1.6 eventually. Guess the question is where and whether it stops.

I wonder if the "morning SMS" was related in any way to a risk of the then ensued drop on EURUSD
Trust price. Know yourself.
  • #3,916
  • May 27, 2008 10:03am May 27, 2008 10:03am
Could somebody please let me have a link or a contact details so I can apply to join the group.

Thanks very much

John
  • #3,917
  • May 27, 2008 11:41am May 27, 2008 11:41am
Quoting ynpg
Good day

I'm a newbie and going to start trade forex USD/JPY with USD2000.
My question is:-
What is the probability to roll 2k to become 1 million USD in 2 years time???

Kindly provide me some advice...
First of all, this thread has nothing to do with the USD/JPY....

There's two ways this could go. If you are a true newb without a lick of experience or dedication to learning and studying this market, then you stand to lose your $2,000 EXTREMELY quick. Might as well save yourself the time and frustration and buy 2 g's worth of lottery tickets. Seriously.

On the other hand, if you spend a few months doing nothing but studying the forex market, poring through excellent threads such as this one, practicing what you've learned on demo accounts, and finally going live with a strict, disciplined, and safe plan, then you could easily be profitable. $1 million, most likely not in 1 year, but with time definitely IF you treat this as a business, like Jacko does, and not a get-rich-quick scheme like far too many naive newbs.

I'm taking the latter route. I'm far away from plunking real money down, as I'm just soaking up great stuff like Jacko's for now and learning a ton.

Who knows if ynpg is even around any more, but I felt compelled to give my 2 cents. Sorry for the temporary thread hijacking. Anyways, thanks for the great stuff Jacko and everybody else here!
Kiss'n all the way to the top!
  • #3,918
  • May 27, 2008 11:49am May 27, 2008 11:49am
Happy to see the thread getting back to normal. I might visit it now more often.
As for newbs, to give an idea of how much money can be made in forex I would say: If you make 50% on your capital within a year, you have made an awsome job.
So turning 2k account into a mill is gona take some time
Now wake up!
  • #3,919
  • May 27, 2008 1:09pm May 27, 2008 1:09pm
Quoting mjolimer
Could somebody please let me have a link or a contact details so I can apply to join the group.

Thanks very much

John
Here you go John ... http://waynejacksonfx.blogspot.com (http://waynejacksonfx.blogspot.com/)
You'll find the contact details there.

Rob
  • #3,920
  • May 27, 2008 2:02pm May 27, 2008 2:02pm
I don't post much here nor, as a member of Jacko's first group, email him much to ask questions. The beginning of this thread is full of information that can put people on the road to profitability. The blog has some great info as well as reasonings as to why Jacko may/may not take a trade at a particular level. That "thought process" is worth every dime I ever paid for blog access.

Adding to that, the blog has kept me honest. No more jumping the gun and dropping to low time frames to inch out a few more pips. It has helped me "trade the plan". I may trail a little different however I believe that being exposed to different ways of trading, helps you develop your own style as opposed to carbon copy of someone else...one that suits how I see things.

As for success? Well, this is a business and like any business, spouting off PnL and what I pay for a product (being the eur/usd) is something that is the business of nobody but I will say......I make more than I lose and keeping everything in check in the coming months can very well cause a change in lifestyle.

My point for this ramble? To keep it real and while some may do this as a hobby and get rich quick..changing that mentality to a business mindset can put you on a road that nothing else can lead you down. This thread can do that and having Jacko in the blog helping keep emotions in check is a tremendous help.

(to be fair though...I do have my first account that I basically tanked and use that when the itch to "do more" takes over)
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