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Jacko's Forex House of Pleasure and Pain

  • #8,481
  • Jul 12, 2009 8:34pm Jul 12, 2009 8:34pm
Quoting Bernard
You respect the rules.
I respect the rules.
You accept it as it is, I say there is room for improvement.
This is our difference.

Besides, as I mentioned in the original post, it is totally at Jacko's discretion to take it or leave it. It is purely a suggestion.

I am surprised that you live in USA without US mentality and desire to improve.

Regards,
Bernard

Sorry for being snippy, please accept my apology!

generalz
  • #8,482
  • Jul 12, 2009 9:30pm Jul 12, 2009 9:30pm
Quoting Bernard
Hi Jeta,
I live in Las Vegas and we have the same time zone. Members in Far East or Australia do not feel the pain that we do. Especially those of us who have a small apartments with wife and small children suffer even more because the SMS wakes everbody up.
I sure hope Jacko works with us: besides making some money, keep our family life also intact.

I believe I have allowed PMs in my profile already.
Regards,
I remember jacko saying somewhere about putting your phone on silent vibrate and sticking it under your bum when the trades are out of your time zone.
I want all of his calls and I don't care what time they come in. Besides, he gives about 24-48 warning of his target price on the blog, then he sends an SMS warning that a trade is coming up in the next couple of hours, and then he SMSes as the trade is activated. I am happy with that.
  • #8,483
  • Jul 12, 2009 9:35pm Jul 12, 2009 9:35pm
Quoting fxtrader29
I was too busy to do my own trades but stacked up an extra 65 pips on Friday from Jacko's call. A lazy way to stack up 190 pips in a week.
I like being lazy. I made more pips but I worked for two days last week buying up to his targets.
I am earning while I am learning.
  • #8,484
  • Jul 12, 2009 11:02pm Jul 12, 2009 11:02pm
Quoting jamiewhite
I like being lazy. I made more pips but I worked for two days last week buying up to his targets.
I am earning while I am learning.
Hey JW

I am earning while I am learning. Well said.
  • #8,485
  • Jul 13, 2009 2:07am Jul 13, 2009 2:07am
bernard,you are disrespectful and rude and you should opt out,its not for you,im a member and make more pips following jackos market view,than from his signals,and if you wasnt lazy you could too,you know what the targets are 24-48 hours before,you need to pull the trigger,start on a demo and at least have a try,you might become good at it.and you wont need jacko anymore,sometimes posts make me shy on this tread,think how jacko must feel,be a man and take the bull by the horns you and youre families future are in youre own hands now,go for it,i wish you well ,and before you have a go at me ,i have a life,i live on a tropical island in asia,i work 10 hours a week max.dont look at a computer at a weekend and spend time with my son and wife,4 months ago i never placed a trade in my life,now i do this for my income solely.i left school at 16,with nothing,so if i can do this i know you can,before you reply to this,leave it for 1 hour and then read it again,worth its weight in gold,living the dream you can too,emotions out.hope things work out
student
  • #8,486
  • Jul 13, 2009 2:32am Jul 13, 2009 2:32am
Quoting garrye
bernard,you are disrespectful and rude and you should opt out,its not for you,im a member and make more pips following jackos market view,than from his signals,and if you wasnt lazy you could too,you know what the targets are 24-48 hours before,you need to pull the trigger,start on a demo and at le...
Dear Garrye,

Members who are in Far East or Australia, even Europe do not have my problem.
You do not need to carry your cell phone to your bed room, like I do.
I am sorry that you do not understand other people's positions.
Enjoy the tropical island.
  • #8,487
  • Jul 13, 2009 3:08am Jul 13, 2009 3:08am
Bernard,

I do understand your problem but I'm wondering how you plan to do trades when you eventually no longer have access to Jacko's SMS's. The trades will still be coming up at around the same awkward times for you but you're going to have to get yourself out of bed without his SMS to wake you. I think this is the area where you should be giving some thought. For example you could think of trading longer time frames so can check charts less often or, more drastically, move to somewhere more convenient. The point is that Jacko is showing you how analyse the market and then trade from that analysis. You should be looking beyond your time with Jacko much like a student should be looking to their future career, though much of the time they're only looking for the next bar!

Tim
  • #8,488
  • Jul 13, 2009 3:11am Jul 13, 2009 3:11am
leave it 1 hour,i live on koh samui thailand,ive lived in thailand 5 years now,i think it came across wrong,i have never traded before i found this tread,i joined the group and worked hard,then i demod for a while,when i felt the time was right i went live,lucky for me i sold a business just before the crap hit the fan last year,not alot of money i will add,i started taking jackos calls and still do,because of his market view i got in on the last trade 65 pips better than his call,i was out with friends and didnt want to go home to trade,because of a trader on here fx29 and what he was doing,i looked into that and checked every trade,then i was set,what im trying to say is you dont need to be at a computer or have a phone on all the time,and it feels good to be able to pick youre on trades based on jackos market view ,dont give up ,have ago at what a few people,in the group also do this will set you for life,you are in the right place,and you can trade when ever you want the market moves 24 /7,you could have traded the asia session last night, look what happend its all in the blog,now im riding it up to you know where try this on demo,i would love you to make it,im no teacher just trading,if i can im sure you would be better than me,if it sounded snotty my excuse im a briti didnt find jacko made my millions and now live on a desert island,wish you well
student
  • #8,489
  • Jul 13, 2009 3:47am Jul 13, 2009 3:47am
Quoting jamiewhite
I like being lazy. I made more pips but I worked for two days last week buying up to his targets.
I am earning while I am learning.
Hello jamiewhite,

am I undestanding you right? If Jacko gives a target, where he will possibly enter into a short trade, you try to be a buyer until his sell-target is hit or you get his sell-entry-message and for buy-targets vice versa?

Greetings from the comfortable european trading time-zone :-)
  • #8,490
  • Jul 13, 2009 5:15am Jul 13, 2009 5:15am
garrye, don't worry about some anonymous person on the Internet telling you that you have no life. Bernard doesn't know you just like he doesn't know me. There is no way he can know how activity filled your life is. Making a statement that someone you've never met or corresponded with as no life is as ridiculous as the plan itself.

And guess what? I'm in the US myself making this thing work. Anyway, this is not my battle. I offered suggestions. Some people will continue to make excuses all day every day. People are going to do what they want. I'm out.
  • #8,491
  • Jul 13, 2009 5:51am Jul 13, 2009 5:51am
know what u mean ricky,we all want to make money while we sleep,im lazy myself but like anything you get out what you put in,look at the euro now gone up 50 pips from when i told the guy what i was doing,he has access to same info,i hope he gives it a go,at least on demo
student
  • #8,492
  • Jul 13, 2009 6:10am Jul 13, 2009 6:10am
Quoting Bernard
... I am surprised that you live in USA without US mentality and desire to improve.
That was so hilarious!!! ROTFL!!!

That quote should go into Jacko's Forex House of Pleasure and Pain Hall of Fame...
  • #8,493
  • Edited 7:27am Jul 13, 2009 7:14am | Edited 7:27am
Bernard,

I think you have mixed few things together. There are two separate things: this thread, which is for free and everyone can share his opinion on strategy presented on page one, there are only rules by FF. Another level for those who are interested to watch Jacko closely is this private blog, under very clear RULES which are far more different than those here. Problem is not in SMS sending or that demo-platform solution you were presenting, but in your approach to trading itself. This is NO signal service and Jacko has mentioned it many times. Whole market analysis with levels are updated with all FA/TA his feelings on very real-time basis, even SMS helps a lot, but there is so much time to get into the market before actual Jacko's trade. This makes the trading very personal for each of us, maybe using different strategies not only to enter but to exit as well.

If you think that some signal service makes you profitable, I dont think you have entered to the right thread. I believe that most of us getting more by watching Jacko "thinking" and getting other trading skills better ie. his enormous patience in trading, which is in my opinion best added value I got.

It's sad to say this way, but more years I am in this business, more I feel that most of the people trying to succeed, they haven't chance to be successful because their personality or interpersonal skills. Rest of it you are able to learn, these skills mentioned above, not.

As one of Jacko's members said: Stop BS and start trading. Rest of it is just an excuse for your incapability.
  • #8,494
  • Jul 13, 2009 2:26pm Jul 13, 2009 2:26pm
I have $2500 in my account and would like to trade one standard lot with this money. Yes, I know its more than a 2% risk but I believe in risk. If Jacko has a 50 pip stop loss and most of his trades are successful then I believe the risk is justified.
If by chance I loses $500 in my first trade with Jacko then my odds are increased that much more with my second trade. With each trade my probability is alot better than losing a trade. Any thoughts????
  • #8,495
  • Jul 13, 2009 2:35pm Jul 13, 2009 2:35pm
Quoting phoenix3
If by chance I loses $500 in my first trade with Jacko then my odds are increased that much more with my second trade.
With each trade my probability is alot better than losing a trade. Any thoughts????

You might start by taking a beginning class in statistics.

Then you might save your money or start with micro lots.

Just my two cents.

Good luck to you.
  • #8,496
  • Edited 3:19pm Jul 13, 2009 3:05pm | Edited 3:19pm
Quoting phoenix3
I have $2500 in my account and would like to trade one standard lot with this money. Yes, I know its more than a 2% risk but I believe in risk. If Jacko has a 50 pip stop loss and most of his trades are successful then I believe the risk is justified.
If by chance I loses $500 in my first trade with Jacko then my odds are increased that much more with my second trade. With each trade my probability is alot better than losing a trade. Any thoughts????
Phoenix, before placing your first trade do yourself a favor and go through the school on the following site: http://www.babypips.com/school/

Trust me it is well worth the time. Chances are you won't want to do what you are proposing after going through the lessons there.

EDIT: If you don't want to go through all the lessons at least go through this one: http://www.babypips.com/school/money_management.html . The following quote is how the referenced section starts: "This section is one of the most important sections you will ever read about trading.." I still think you'll learn A TON by going through all the lessons. Forgive me if you've already done this.
  • #8,497
  • Jul 13, 2009 4:15pm Jul 13, 2009 4:15pm
Thanks for your replies. I understand how important MM can be but there has got to be somebody out there who trades with a greater risk factor than 2% and is successful. If you are out there please reply....
I am conservative by heart but also realize that the casino examples given in the babypips articles refer to the chances of losses.
Well, as soon as you enter the doors of a casino the odds are already stacked against you. It seems with all the (justified) adoration of Jacko's methods if you are a good learner and trade with discipline then you are that much ahead trading with a larger risk factor.......thus, the odds are stacked in your favor.....and by reading all of the favorable comments I would much rather walk into Jacko's House of Pleasure and Pain with my risk factor than the house of a casino.
Is there any turtle out there who has that much confidence in Jacko's system that currently trade with a large risk factor?
  • #8,498
  • Jul 13, 2009 4:27pm Jul 13, 2009 4:27pm
Quoting phoenix3
I have $2500 in my account and would like to trade one standard lot with this money. Yes, I know its more than a 2% risk but I believe in risk. If Jacko has a 50 pip stop loss and most of his trades are successful then I believe the risk is justified.
If by chance I loses $500 in my first trade with Jacko then my odds are increased that much more with my second trade. With each trade my probability is alot better than losing a trade. Any thoughts????
Stop loss is 100 pips. One standard lot is $10/pip. which means if the trade goes against you, you are out 1k and will only have 1.5k left. guess what? 2 bad trades and you are out of the game.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,499
  • Jul 13, 2009 4:29pm Jul 13, 2009 4:29pm
Quoting phoenix3
Thanks for your replies. I understand how important MM can be but there has got to be somebody out there who trades with a greater risk factor than 2% and is successful. If you are out there please reply....
I am conservative by heart but also realize that the casino examples given in the babypips articles refer to the chances of losses.
Well, as soon as you enter the doors of a casino the odds are already stacked against you. It seems with all the (justified) adoration of Jacko's methods if you are a good learner and trade with discipline...
Everyone has losing trades, even the Market Wizards. It is part of how the game is played, there is no way around it.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8,500
  • Jul 13, 2009 5:09pm Jul 13, 2009 5:09pm
Quoting phoenix3
I have $2500 in my account and would like to trade one standard lot with this money. Yes, I know its more than a 2% risk but I believe in risk.
When all the good traders including Jacko say that newbies should not risk more than 2% on any trade, why would you want to do your first trade at 10 times the recommended risk?
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