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Jacko's Forex House of Pleasure and Pain

  • #10,521
  • Feb 26, 2010 3:28am Feb 26, 2010 3:28am
Quoting Kneath
Hi guys.

Also a newbie to the thread and I very much like the no-nonense attitude of all concerned. Thinking of joining Jacko's group as I currently intraday trade on small T/F's. However the signals on the Daily / 4hr seem a lot clearer and more technically tradable. Two Q's for members. 1) Does the site enhance learning skills 2) What if you are not around when the bigger T/F hits the required entry point? (I have a feeling I have asked the obvious here - so be gentle). TIA

p.s. What is an EA?

Hi Kneath,

I see from your profile that you are a fellow Brit & and as such I advise you to hold onto your money.

Better you follow "DanUK" he doesn't charge a dime & I am sure that his approach is spot on.

Here is a link to "DanUK" http://www.forexfactory.com/showthread.php?t=221375


If you are still unsure read a few of my previous post's on this thread, send me a PM and I will try to point you in the right direction.

Regards,

BabeFX.
  • #10,522
  • Feb 26, 2010 7:00pm Feb 26, 2010 7:00pm
Quoting Kneath
Hi guys.

Also a newbie to the thread and I very much like the no-nonense attitude of all concerned. Thinking of joining Jacko's group as I currently intraday trade on small T/F's. However the signals on the Daily / 4hr seem a lot clearer and more technically tradable. Two Q's for members. 1) Does the site enhance learning skills 2) What if you are not around when the bigger T/F hits the required entry point? (I have a feeling I have asked the obvious here - so be gentle). TIA

p.s. What is an EA?
The answers to your Q's are
Yes, the site will enhance your skills very fast. Wayne is a patient, winning trader who has lots of experience and knowledge. He is defonitely no-nonsense trader.
If you are not around when the bigger T/F hits the required entry point, use a limit order.
I joined the personal group in January. Would I do it again if I had the chance? YES. YES. YES.
  • #10,523
  • Feb 26, 2010 8:57pm Feb 26, 2010 8:57pm
Kneath:

I also think BabeFX's advise is good. There are many good threads including this one to learn FOREX. Although, I am still struggling, but I know that if I can not learn from all these threads, I will not be able to gain from a paid site. I will rather use that money as my tution cost to learn live trading with a micro account with a broker like Oanda. Although it's my personal view and I am not yet successful.

Thanks,

FX_California
Quoting BabeFX
Hi Kneath,

I see from your profile that you are a fellow Brit & and as such I advise you to hold onto your money.

Better you follow "DanUK" he doesn't charge a dime & I am sure that his approach is spot on.

Here is a link to "DanUK" http://www.forexfactory.com/showthread.php?t=221375


If you are still unsure read a few of my previous post's on this thread, send me a PM and I will try to point you in the right direction.

Regards,

BabeFX.
  • #10,524
  • Edited 11:38pm Feb 26, 2010 11:21pm | Edited 11:38pm
Quoting BabeFX
Hi Kneath,

I see from your profile that you are a fellow Brit & and as such I advise you to hold onto your money.

Better you follow "DanUK" he doesn't charge a dime & I am sure that his approach is spot on.

Here is a link to "DanUK" http://www.forexfactory.com/showthread.php?t=221375

.
Why listen to the Apprentice when you can listen to the Master? No disrespect to DanUK, but he is one of the Master's apprentices.

If Jacko's fee is the reason, then you can't be too serious about making a career out of forex trading. If I have a question about a trade which is costing me $20 a pip, I want an answer from the Master. I want all the benefit of his knowledge and experience.

http://www.forexfactory.com/showpost.php?p=3336833&postcount=54
  • #10,525
  • Feb 27, 2010 2:48am Feb 27, 2010 2:48am
Quoting kenkomo
Why listen to the Apprentice when you can listen to the Master? No disrespect to DanUK, but he is one of the Master's apprentices.

If Jacko's fee is the reason, then you can't be too serious about making a career out of forex trading. If I have a question about a trade which is costing me $20 a pip, I want an answer from the Master. I want all the benefit of his knowledge and experience.

http://www.forexfactory.com/showpost.php?p=3336833&postcount=54
Actually I'm not one of Jacko's apprentices (not that there's anything wrong with being one)! I taught myself to trade.

Just wanted to clear that up.
  • #10,526
  • Feb 27, 2010 7:27pm Feb 27, 2010 7:27pm
Quoting BabeFX
If you are still unsure read a few of my previous post's on this thread, send me a PM and I will try to point you in the right direction.
.
Why don't you open a new thread and show us how to do it. Three months of live trading in it by you will be enough proof for me.
  • #10,527
  • Feb 28, 2010 1:01am Feb 28, 2010 1:01am
Quoting daringdave
Why don't you open a new thread and show us how to do it. Three months of live trading in it by you will be enough proof for me.
What a good idea.................................................
  • #10,528
  • Feb 28, 2010 3:23am Feb 28, 2010 3:23am
Quoting danc
What a good idea.................................................
Yeah... great! And while we're at it why don't we get a Jacko turtle to do the same and we can see who is the best trader! Oh, and then we could ask a James16'er to join in too and a No Brainer and we could all have a big fight!

Come on guys! This thread is supposed to be helping people to learn, not to fight amongst ourselves!
  • #10,529
  • Feb 28, 2010 11:22am Feb 28, 2010 11:22am
Quoting DanUK
Yeah... great! And while we're at it why don't we get a Jacko turtle to do the same and we can see who is the best trader! Oh, and then we could ask a James16'er to join in too and a No Brainer and we could all have a big fight!

Come on guys! This thread is supposed to be helping people to learn, not to fight amongst ourselves!

Dan--I notice you have the PA placed on your Fibro levels. How do you do that?
  • #10,530
  • Feb 28, 2010 12:29pm Feb 28, 2010 12:29pm
Quoting lawgirl21
Dan--I notice you have the PA placed on your Fibro levels. How do you do that?
You mean the price at the end of the fib levels? Go into the properties of the Fib Retracement tool and click on the Fibo Levels tab; after the description of the level (i.e. 50.0) add %$ afterwards.

Regards,

Dan
  • #10,531
  • Feb 28, 2010 2:46pm Feb 28, 2010 2:46pm
Quoting DanUK
You mean the price at the end of the fib levels? Go into the properties of the Fib Retracement tool and click on the Fibo Levels tab; after the description of the level (i.e. 50.0) add %$ afterwards.

Regards,

Dan

Yes, that was exactly what I meant! It worked. Thanks so much, very nice little refinement.
  • #10,532
  • Feb 28, 2010 3:29pm Feb 28, 2010 3:29pm
Quoting lawgirl21
Yes, that was exactly what I meant! It worked. Thanks so much, very nice little refinement.
Glad I could help!
  • #10,533
  • Feb 28, 2010 4:21pm Feb 28, 2010 4:21pm
Quoting DanUK
Yeah... great! And while we're at it why don't we get a Jacko turtle to do the same and we can see who is the best trader! Oh, and then we could ask a James16'er to join in too and a No Brainer and we could all have a big fight!

!
You have mis-understood my post. BabeFX has been posting bad posts about Jacko in this thread. Instead of him posting negative posts, he should demonstrate how he trades in his own thread.
  • #10,534
  • Feb 28, 2010 4:43pm Feb 28, 2010 4:43pm
Quoting daringdave
You have mis-understood my post. BabeFX has been posting bad posts about Jacko in this thread. Instead of him posting negative posts, he should demonstrate how he trades in his own thread.
I must admit I hadn't noticed the negative posts - perhaps I didn't look close enough but what I saw was someone trying to get a better understanding of the strategy, but I may have misunderstood that too.

The point of my post is this; if someone is struggling, and maybe that is shown by a negative post, it would be better if we could all chip in and try and help - much like the fellas do on the J16 thread in order to help that person over come their difficulties. The unfortunate thing with this thread is that anyone who questions anything seems to get jumped on and spat at instead of helped. And that, I believe is why many of the great contributors who used to post here regularly have given up and taken their advice elsewhere. That is a great shame.

Regards,

Dan
  • #10,535
  • Edited 6:23pm Feb 28, 2010 6:06pm | Edited 6:23pm
This is MY experience with Jacko.
I had a big A HA moment 12 months ago when I decided I needed some external and impartial help. I wasted 12 months before that, fookin around trying to get it all sorted in my head.
My advice is to find a professional trader like Jacko that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully. I turned my trading completely around and became profitable. After getting consistent in making profits I went fulltime trading in November 2009.
You need to LEARN how to trade Forex. Despite what some say here, it is NOT a God-given gift.

Don't want no war but ANY trader that has been consistent in (a) being profitable every Quarter, (b) is thousands of pips in profits each year, (c) is using only 2% of his capital for every trade and (d) has done all that in the middle of the worlds financial crisis, deserves respect. Jacko has done all a, b. c, and d. THE MAN HAS NOT HAD A LOSING QUARTER. EVER. To be sure, he has his ups and downs like any any other trader but he has been in positive profits EVERY quarter. He has shown his live trading here and on another forum for six months and for two years with his private group.
If you want to say that I am another of his marketing crew, then so be it, I don't want any flame wars here. But he has given me the tools and knowledge to become a fulltime trader. And I know 11 other members that have become fulltime traders under Jackos tutelege because I talk to them every day.
I would vouch for Wayne in an instant as a trainer to anyone wanting to learn to trade. That is not meant as marketing, it is a straightforward and honest fact.
  • #10,536
  • Edited 6:56pm Feb 28, 2010 6:39pm | Edited 6:56pm
Hi Guys,

DO you guys see a potential trend change in the 4hour, its hitting some hard support and weekly 61.8 fib, as well as breaking the recent few months trendline?

Im in anyway, I see it going to 1.3750 before finding some resitance.
  • #10,537
  • Feb 28, 2010 11:29pm Feb 28, 2010 11:29pm
interesting story! i hope to be able to be a FTT like yuo soon!




Quoting forexmick
This is MY experience with Jacko.
I had a big A HA moment 12 months ago when I decided I needed some external and impartial help. I wasted 12 months before that, fookin around trying to get it all sorted in my head.
My advice is to find a professional trader like Jacko that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully. I turned my trading completely around and became profitable. After getting consistent...
  • #10,538
  • Edited 8:49am Mar 1, 2010 3:37am | Edited 8:49am
Quoting daringdave
You have mis-understood my post. BabeFX has been posting bad posts about Jacko in this thread. Instead of him posting negative posts, he should demonstrate how he trades in his own thread.
Hi Daringdave,

I fail to see how my posts can be considered negative. I have been consistent in my desire to prevent newcomers to "Forex Trading" being fooled into believing there is a short cut to thorough technical & fundamental research.



I will repeat, there only two benefits that you will gain from joining "Jacko's Private Group"

Benefit 1. You will learn patience as "Jacko" waits for the price to come to his preferred entry level.

Benefit 2. You will learn that even a self professed professional trader can make basic mistakes like entering a a buy order at a supply zone and a sell order at a demand zone.

I have no desire to open my own thread, there are already far too many threads on FF for anybody to possible read in depth.

Regards,


BabeFX.
  • #10,539
  • Mar 1, 2010 7:52am Mar 1, 2010 7:52am
Just want to say congratulations if you are living off Forex Trading.............shows it can be done.....

Quoting forexmick
This is MY experience with Jacko.
I had a big A HA moment 12 months ago when I decided I needed some external and impartial help. I wasted 12 months before that, fookin around trying to get it all sorted in my head.
My advice is to find a professional trader like Jacko that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully. I turned my trading completely around and became profitable. After getting consistent...
  • #10,540
  • Mar 1, 2010 5:48pm Mar 1, 2010 5:48pm
Quoting BabeFX
I will repeat, there only two benefits that you will gain from joining "Jacko's Private Group"

Benefit 1. You will learn patience as "Jacko" waits for the price to come to his preferred entry level.

Benefit 2. You will learn that even a self professed professional trader can make basic mistakes like entering a a buy order at a supply zone and a sell order at a demand zone.

I have no desire to open my own thread, there are already far too many threads on FF for anybody to possible read in depth...
I have learned those two lessons too. But my learning has been lots more than that. I have been a member for months now and have learned more practical knowledge than I had thought when I joined. Wayne has been patient with all my questions and answered them all in short time.
I have watched him trade all his trades and read all his blog entries and all the other traders questions.
He is a big professional trader who is willing to share his experience with newbie traders and experienced traders.
I have learned about patience and that the market will always be there 24/7 and there is no need dive into every possible trade Also the power of leverage and the profit and damage that it can cause. Also the advantages of the liquidness of the forex markets to be in and out of trades. I have learned about how to find a trend and how to best enter it and exit. And if a trade is a loss how to handle that loss. If a trade is a winner how to handle that win. I have learned how to compound my winners to give me better results. And about using S&R lines and the % probabilities that those lines have of being in effect. How to use the 50% fib numbers for both exits and entries. And the effect of fundamentals as compared to technical analysis. And how to make the best trade size using MM. These are only a small amount of all the different lessons I have learned from Wayne.

I did not join only for his signals. I joined because I wanted to learn how to make a career out of this forex trading. He even warned me before I joined that he is not a signal seller and that the trades he was SMSing to the traders were only his own trades. He warned me that if I did not want to learn how to trade but only wanted to follow his signals, then he didn't want me in the group. He has shown me how to use the method on all different pairs and different timeframes.
I have come to respect the man and have learned to be a more mature trader and person from reading how Jacko thinks and acts. A genuine good bloke.
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