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Jacko's Forex House of Pleasure and Pain

  • #10,721
  • Apr 13, 2010 11:19pm Apr 13, 2010 11:19pm
Quoting coscorp
I also noticed I was on your buddy list?? I can't recall when this occurred but please remove me.

cheerios.
It's possible garrye merely has a keen sense of irony. After all, he also has forexmick and jacko on his buddy list.

How's it goin' Tom? Life in Euroland treating you well I trust? Getting dicey as hell back here in the States.
  • #10,722
  • Apr 14, 2010 1:30am Apr 14, 2010 1:30am
Quoting tdion
This thread is finally falling apart? If so, it was about time. Jacko was always playing with fire with the anti-hedge. His front page is a great read and really inspiring, but when you actually look at his style, it was built on the good old days of low ATR and strong uptrends for the Euro.

If Jacko is still making the kind of profits he purports and newbietrader101 and forexmick are making profits... more power to them. I definitely see where it could be percieved as a marketing scheme, and was glad that forexfactory stuck this in the commercial...
great post as always tdion lets see what ex or current members think
student
  • #10,723
  • Apr 14, 2010 1:55am Apr 14, 2010 1:55am
I Have tried to post several times on here as a new member of Jacko's group. Mysteriously none of my posts have appeared! I have been with Jacko for around 8 months and was it worth it? No, definitely not. My account is seriously down, studying and following Jacko's trades. He has traded counter trend trades and lost, missed good entries into winning trades and the only thing I will have learned at the end of my 12 months, is I would have been better off saving my money and having more faith in my own judgements. I think his system is basically good - trading with the trend - but he does not stick to his own rules and one of the first things I read when I started learning Forex was to have a system and stick to it!
  • #10,724
  • Apr 14, 2010 2:16am Apr 14, 2010 2:16am
Quoting crazzypip
I Have tried to post several times on here as a new member of Jacko's group. Mysteriously none of my posts have appeared! I have been with Jacko for around 8 months and was it worth it? No, definitely not. My account is seriously down, studying and following Jacko's trades. He has traded counter trend trades and lost, missed good entries into winning trades and the only thing I will have learned at the end of my 12 months, is I would have been better off saving my money and having more faith in my own judgements. I think his system is basically...
interesting interesting interesting..........

I was accepted to join up with jacko and the gang, but now.... pshhhhhh i don't know (haven't actually joined yet).

this thread has disintegrated, and the whole issue with forexmick seems damn shady if it was just a marketing scheme?

If jacko hasn't had a losing quarter, that seems to tell me something positive. but then there's this current debate going on, and I don't know WTF to think...


Keep the convo rolling guys, I'm interested to get more info
Many choose unhappiness over uncertainty.
  • #10,725
  • Apr 14, 2010 2:18am Apr 14, 2010 2:18am
One other thing, if Jacko comes into this public thread now and engages with people on this discussion, it would only help the situation if the group manager is sincere.

that's all I got to say about this.
Many choose unhappiness over uncertainty.
  • #10,726
  • Apr 14, 2010 2:55am Apr 14, 2010 2:55am
Quoting tdion
This thread is finally falling apart? If so, it was about time. Jacko was always playing with fire with the anti-hedge. His front page is a great read and really inspiring, but when you actually look at his style, it was built on the good old days of low ATR and strong uptrends for the Euro.
That's what I've been saying, his method is good for a low volatility strongly trending pair. Which is why his method can be so simple, as essentially it's just a buy and hold strategy, with an anti hedge to get you out of the few times you get stopped out, and with such low volatility when price does come round again your anti hedge will probably work.

Although I only joined in Feb, I don't follow his trades anymore because imo his method no longer works sufficiently well as it is. I do find his fundamental analysis insightful though.
  • #10,727
  • Apr 14, 2010 4:42am Apr 14, 2010 4:42am
Quoting Dan Gilbert
interesting interesting interesting..........

I was accepted to join up with jacko and the gang, but now.... pshhhhhh i don't know (haven't actually joined yet).

this thread has disintegrated, and the whole issue with forexmick seems damn shady if it was just a marketing scheme?

If jacko hasn't had a losing quarter, that seems to tell me something positive. but then there's this current debate going on, and I don't know WTF to think...


Keep the convo rolling guys, I'm interested to get more info
hi dan this last 4 months has been in loss,anyone will get in the group just send ur cash,he gets around things by making out he trades 200 lots so any gain in a quarter looks good.who on this ff site trades with 200 lots and if you did would you sell a system funny i got email this morning my memberships ran out.now guys go check out a guy fxtrader29 and his posts part of this marketing machine look from day one this guy came out the woodwork last year when jacko was in this bad run what did he do.start a thread about having a mentor please check it out yourself and look on here when jacko wrote you will be a millionaire kid classic.it all fell down for me when jacko had a run of bad trades and posted a winning trade after the fact,then he missed a trade cos a friend told him a big sell order was going in.and it won as he should have longed and he missed it .then he missed a trade cos he was writing his blog and drinking coffee and missed the price,that would have been a winning trade alsothis is a guy who runs a fund and trades 200 lots emotion killed the cat me thinks now from dec last year as e/u been trending down 151xxx hes missed all the moves and is suffering big losses if he trades 200 lots fund manager i dont think so system marketer yes he dont stick to his rules counter trend trades with a 90% loss rate,hes now saying all the big fund managers think hes a great trader i must be godlike then with my roi to his and cant understand why the bigdogs are not hunting me down lol my background is sales and marketing and everything he does plays on your emotions you want to be on the inside of a hotshot trader now look at the latest thing while his trading bad me old mate mick dont you think a little bit like when jacko came out the woodwork 4 years ago live trading when a monkey could have made money in the trend and by the way not the system he now sells. forexmicks thread trading without a stoploss not fooling me what about you
student
  • #10,728
  • Apr 14, 2010 5:13am Apr 14, 2010 5:13am
Go check his live recorded trades from a chart when he was posting live at dailyfx.
Plus if your in the private blog you can see his live trades before price its.

Its not the 200 lots you should look at its the amount of pips.

And its alot of pips over last few years.

Jaoko has shown me that this market just zigs zags up and zigs zags down.

To me he is a amazing human being.
  • #10,729
  • Edited 5:30am Apr 14, 2010 5:28am | Edited 5:30am
Quoting Auspip
Go check his live recorded trades from a chart when he was posting live at dailyfx.
Plus if your in the private blog you can see his live trades before price its.

Its not the 200 lots you should look at its the amount of pips.

And its alot of pips over last few years.

Jaoko has shown me that this market just zigs zags up and zigs zags down.

To me he is a amazing human being.
i did before i joined him like i said a monkey could have made money he is amazing best system seller i ever had fxtrader29 is jacko, been trading long auspip pips dont mean jackshit % of roi
student
  • #10,730
  • Apr 14, 2010 6:18am Apr 14, 2010 6:18am
Its all about how big you acount size is.

This is a rich man game.

Do not over trade.

50, 100, 150 pips per month?

500, 1000 pips per year?

How many lots?

lots x 500pip per year=
  • #10,731
  • Apr 14, 2010 6:23am Apr 14, 2010 6:23am
Or women.
  • #10,732
  • Apr 14, 2010 6:26am Apr 14, 2010 6:26am
just shows we can all learn off each other today u have enlighted me that the market zigzags cheers for that mate
student
  • #10,733
  • Apr 14, 2010 7:16am Apr 14, 2010 7:16am
Sorry Auspip you're wrong, I specifically asked Jacko before I joined his group if it was worth it on a small acount, or was his method more suited to someone with a large account. He told me it was fine to trade with a small acount. The result? my small acount is very nearly extinct! if this method is only suitable for someone with deep pockets then Jacko should say so before joining up.
  • #10,734
  • Apr 14, 2010 7:24am Apr 14, 2010 7:24am
So where to trade next?

A break of the resistance at 1.3700-725 or 3800 will signal a trend reversal. Atm however (even with the broken trendline) we are still in a downtrend. The market needs to break support at 1.3540 and 3500 before retracing toward support turned resistance at 1.3585. 1.3550 seems a good short based on the 50fib(high/low:17-25/3)?
PS Ive not seen agap like this before (that broke the daily trendline) so if anyone has some know-how?
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  • #10,735
  • Apr 14, 2010 8:18am Apr 14, 2010 8:18am
Yeah, I'm not yet 100% sold on the true Jacko style of trading (member since January of this year). I trade a medium sized Fx account and have been watching the very few trades Jacko has taken. I trend trade Fx & commodities full time and am pretty underwhelmed so far.

It's an EXTREMELY SLOW trading method so in order to make a good living from solely this method, you'd have to be taking very large positions.

It might be a good method to trade in addition to other methods & markets.

I'll continue to watch the Jacko group blog..............
  • #10,736
  • Apr 14, 2010 9:21am Apr 14, 2010 9:21am
Quoting crazzypip
Sorry Auspip you're wrong, I specifically asked Jacko before I joined his group if it was worth it on a small acount, or was his method more suited to someone with a large account. He told me it was fine to trade with a small acount. The result? my small acount is very nearly extinct! if this method is only suitable for someone with deep pockets then Jacko should say so before joining up.
What was your risk? There is no possible way following jackos exact calls your account could be down more than 10%?
People stop scapegoating. Jacko: gimick or the real deal; he does exactly what he offers. The rest is up to you!
  • #10,737
  • Apr 14, 2010 10:13am Apr 14, 2010 10:13am
Quoting crazzypip
Sorry Auspip you're wrong, I specifically asked Jacko before I joined his group if it was worth it on a small acount, or was his method more suited to someone with a large account. He told me it was fine to trade with a small acount. The result? my small acount is very nearly extinct! if this method is only suitable for someone with deep pockets then Jacko should say so before joining up.
sorry but this makes no sense.

a % gain or a % loss is going to be the same no matter what your account size is.
Many choose unhappiness over uncertainty.
  • #10,738
  • Apr 14, 2010 10:50am Apr 14, 2010 10:50am
Quoting Dan Gilbert
sorry but this makes no sense.

a % gain or a % loss is going to be the same no matter what your account size is.
not if he is over-leveraging

what he is also suggesting is that this is not a rapid-compounding trade method
  • #10,739
  • Apr 14, 2010 11:33am Apr 14, 2010 11:33am
Perhaps it has to do with when crazypip joined the Jacko group. There has not been a winning trade in quite some time. Being that Jacko's 1st quarter of the year is from Feb 1 - Apr 30, I'm eager to see what the result is. As it stands I believe it is currently down, and as Jacko claims, he has yet to have a losing quarter.

We shall see what happens.....and if patience (with this method) is really a virtue
  • #10,740
  • Apr 14, 2010 1:06pm Apr 14, 2010 1:06pm
Quoting kon5t
not if he is over-leveraging

what he is also suggesting is that this is not a rapid-compounding trade method
exactly. A newby error is to over leverage in hopes of quintupling their account in 2 months. That's not jacko's fault, that's the newby's fault. If you make 30% or more in a year on your trading, then that's phenomenal. if you think that because you have a small account, you need to make 300% on your trading, then you are just setting yourself up for fail.
Many choose unhappiness over uncertainty.
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