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Jacko's Forex House of Pleasure and Pain

  • #11,201
  • Aug 5, 2010 12:01pm Aug 5, 2010 12:01pm
Quoting meepatme
I use his fib technique and same sort of sl method. AM in his fund but it finishs on monday.

So iv learnt a few things from jacko for sure. PS using these skills am going pro in a few weeks time .

But I use the t101 method myself but use the fib skills i learnt of jacko and i use a trailing system

Russ
Hey Russ, I was in the fund as well. I am going to be going on my own also in the next few months !
Can you send me some info on the t 101 you referred to.
Thanks !
  • #11,202
  • Aug 6, 2010 8:52am Aug 6, 2010 8:52am
I'm also in his fund. Have you received your final statement and your funds yet?

Quoting meepatme
I use his fib technique and same sort of sl method. AM in his fund but it finishs on monday.

So iv learnt a few things from jacko for sure. PS using these skills am going pro in a few weeks time .

But I use the t101 method myself but use the fib skills i learnt of jacko and i use a trailing system

Russ
  • #11,203
  • Aug 7, 2010 9:55am Aug 7, 2010 9:55am
Quoting johnedoe
[i]luqmanz...
Given the whip-saw nature of PA you SOMETIMES get just prior to NFP, does anyone have suggestions on a safe distance for stops on a straddle?

Last Friday (I think as the numbers were so conclusive and also with the initial jobless numbers from the prior day), it was pretty much a given that price would cruise in one direction only, however this is not always the case.
  • #11,204
  • Aug 8, 2010 7:56am Aug 8, 2010 7:56am
Quoting FibbinArchie
Given the whip-saw nature of PA you SOMETIMES get just prior to NFP, does anyone have suggestions on a safe distance for stops on a straddle?

Last Friday (I think as the numbers were so conclusive and also with the initial jobless numbers from the prior day), it was pretty much a given that price would cruise in one direction only, however this is not always the case.
That's a very scary way to trade the news in my opinion. There's a lot of methods to trade news events that are a lot safer.

Here's an excerpt from this article http://ezinearticles.com/?Trading-Forex---Simple-Straddle-Trading&id=1303337 you might want to read:

Another way of using straddles involves fundamental announcements. A lot of these events cause rapid price movement, yet the direction of moves after number releases is notoriously difficult to predict. Particularly popular among traders are FED interest rate announcements and unemployment data release. These are also times when a great deal of indecision is present, resulting in both legs of straddle being stopped out. In spite of its popularity, this is perhaps the worst way of using straddles.

Check this out for some better ideas, http://www.forexpeacearmy.com/forex-forum/current-forex-trading-signals/10834-henry-liu-forex-trading-signals-explained-part-ii.html

Hope this helps
  • #11,205
  • Aug 8, 2010 2:47pm Aug 8, 2010 2:47pm
Quoting meepatme
I use his fib technique and same sort of sl method. AM in his fund but it finishs on monday.

So iv learnt a few things from jacko for sure. PS using these skills am going pro in a few weeks time .

But I use the t101 method myself but use the fib skills i learnt of jacko and i use a trailing system

Russ
Hi,

Is Jacko still answering emails? I joined his group in March and all ok. Since he come back from his break he hasnt returned an email I sent (twice)?
  • #11,206
  • Aug 8, 2010 2:50pm Aug 8, 2010 2:50pm
Quoting jonpoler
Anyone else have an opinion of the fund and blog shutdown?????
Would be good if he did a reduced service, forget the sms messages and update the blog when its relevent but still answer emails.
  • #11,207
  • Aug 8, 2010 4:21pm Aug 8, 2010 4:21pm
Quoting Scotty2Cues
Hi,

Is Jacko still answering emails? I joined his group in March and all ok. Since he come back from his break he hasnt returned an email I sent (twice)?
he's not answering my mails also...
  • #11,208
  • Aug 9, 2010 2:50am Aug 9, 2010 2:50am
I was wondering about the members who had wired money to Jacko's fund - has anyone already received their deposit and profits back?
  • #11,209
  • Aug 9, 2010 12:53pm Aug 9, 2010 12:53pm
Not yet but the fund blog has been shut down. Maybe things are nearly wound up
  • #11,210
  • Aug 9, 2010 1:04pm Aug 9, 2010 1:04pm
Quoting meepatme
Not yet but the fund blog has been shut down. Maybe things are nearly wound up
Thanks, meepatme.
  • #11,211
  • Aug 9, 2010 10:23pm Aug 9, 2010 10:23pm
blog is not shut down i just logged in,
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #11,212
  • Aug 10, 2010 1:10am Aug 10, 2010 1:10am
The fund one is historic trades wiped. Main blog same as usal. Trades this morning but not communicating to outside world. But frustrating when he has your money and isnt talking to you
  • #11,213
  • Aug 10, 2010 3:38am Aug 10, 2010 3:38am
I bought that rising trend line on eurusd last night, a bit too keen as it transpired, however (don't want to speak too soon, but) my first implementation of Jacko's AH strategy is so far looking good.

Is this too simplistic? If Fed so much as make noises about increasing money supply, USD is perceived as devalued... Anyone care to comment?

PS. rather than waiting for price to come back to my stop out point, I bought back in at what I perceived to be a good technical level.
  • #11,214
  • Aug 10, 2010 4:05am Aug 10, 2010 4:05am
I've also been emailing Jacko for last 2 weeks, but no reply. Awaiting the money from the fund to be wired back, getting a bit worried.
  • #11,215
  • Aug 10, 2010 4:12am Aug 10, 2010 4:12am
Guys, I hate to bring this up, but do you think it's possible that we (i.e., those invested in the fund) have been scammed? I mean, I sure hope that's not the case and that there's a good reason jacko hasn't been answering e-mails while we still haven't seen our money back. How long do you think is a reasonable period of time to wait for our investments? And if (and I hope it doesn't come to that) we don't get them by then, what would our course of action be?
  • #11,216
  • Aug 10, 2010 4:19am Aug 10, 2010 4:19am
Quoting captmilkdud
That's a very scary way to trade the news in my opinion. There's a lot of methods to trade news events that are a lot safer.

Here's an excerpt from this article http://ezinearticles.com/?Trading-Forex---Simple-Straddle-Trading&id=1303337 you might want to read:

[i]Another way of using straddles involves fundamental announcements. A lot of these events cause rapid price movement, yet the direction of moves after number releases is notoriously difficult to predict. Particularly popular among traders are FED interest rate announcements...
Yeah I've had that straddle double stop out before, highly frustrating.

Thanks for the links.

PS. I'm really just looking for a pull back into yesterdays range and intend to close before the announcement.
  • #11,217
  • Aug 10, 2010 4:20am Aug 10, 2010 4:20am
how long have you all been invested for? I dont think he would be updating the blog if it was a scam although the blog doesnt seem the same since he got back from break. Seems odd hes not replying to emails though.....
  • #11,218
  • Aug 10, 2010 4:28am Aug 10, 2010 4:28am
Quoting FibbinArchie
Yeah I've had that straddle double stop out before, highly frustrating.

Thanks for the links.

PS. I'm really just looking for a pull back into yesterdays range and intend to close before the announcement.
You're looking to buy or sell?
Check this guy out http://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/11266-euro-fx-daily-video-august-10-2010-a.html
  • #11,219
  • Aug 10, 2010 4:40am Aug 10, 2010 4:40am
Quoting pipsalot
Guys, I hate to bring this up, but do you think it's possible that we (i.e., those invested in the fund) have been scammed? I mean, I sure hope that's not the case and that there's a good reason jacko hasn't been answering e-mails while we still haven't seen our money back. How long do you think is a reasonable period of time to wait for our investments? And if (and I hope it doesn't come to that) we don't get them by then, what would our course of action be?
I'm also in the fund and he doesn't answer e-mails...

In theory transfers were made last friday, so it should take up to 3-5 days, meaning this friday as deadline... Shall wait and see...
  • #11,220
  • Aug 10, 2010 5:18am Aug 10, 2010 5:18am
I think if you learning to trade, u already have a problem. PATIENCE is very important in this business and you already saying you might have been scammed...............i do not know if you have or have not been scammed but on Thursday Jacko wrote on the blog that the Funds were to be wired on Friday, today is Tuesday..........so be patient................if by Friday you have not received your Funds...........boy oh boy.......maybe you have been scammed...........................

Secondly, why do you give someone your money to trade? Maybe you are learning like i did and i learnt a hard lesson............on two occasions i gave money to "Professional Traders" and they both lost over 79% of my funds within three weeks............one even blocked my communications with him and i had to call Oanda to block him from trading my accounts.......these are just the mess you can get yourself into..............learn to trade.....and trade yourself.........cheers.......................

Quoting pipsalot
Guys, I hate to bring this up, but do you think it's possible that we (i.e., those invested in the fund) have been scammed? I mean, I sure hope that's not the case and that there's a good reason jacko hasn't been answering e-mails while we still haven't seen our money back. How long do you think is a reasonable period of time to wait for our investments? And if (and I hope it doesn't come to that) we don't get them by then, what would our course of action be?
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