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Jacko's Forex House of Pleasure and Pain

  • #12,341
  • Aug 27, 2010 9:55pm Aug 27, 2010 9:55pm
Don't think this is him. The California guy seems more likely.



VALE

Wayne "Jacko" Jackson

It is with regret we report the loss of another great servant of Hampton Central - Wayne "Jacko" Jackson. Wayne passed away last Monday after a long battle with illness.
Jacko joined the Club back in the 60's as a Junior and first played Senior cricket for us at this time. With various stints around the country, Jacko rejoined the Club as Captain/Coach of our B Grade side in 1990/91. He led the Club to the narrowest of Grand Final losses, but this earmarked the Club's competitive climb in the CMCA.
Following another work stint interstate in 1991/92, Jacko was back again, this time guiding many of our developing cricketers in the lower Grades. With skill and nous Jacko easily accounted for the batting averages (G Grade 93/94 and J Grade 94/95) and memorably achieved the Club's first double century (202 not out). Jacko continued playing with us while he could and was great at popping in and providing a quiet word.
Jacko served on Committee from 1996/97 to 2000/01 and won an Outstanding Services Award in 2000/01.
Our thoughts are with Sandra, Patrick, Shelly, Cody at this difficult time.
The funeral service will be held this Tuesday 8th June 2010, at W D Rose Chapel, Charman Road, Cheltenham, commencing at 10am.
  • #12,342
  • Aug 27, 2010 10:18pm Aug 27, 2010 10:18pm
Quoting CindyXXXX
How many Wayne Jacksons would there be in the world? Just think about this before you go rocking up at a funeral with an angry mob lol
http://names.mongabay.com/male_names.htm

Well that actually is an interesting statistical problem. According to the web site above - and I have no reason to doubt its veracity, it is on the internet, after all - Wayne is the 72nd most common and Jackson is the 13th most common name in the US. That's Bayseian, right? Where is Craig? I am going to need to find my calculator.

BTW. Are you seriously telling me that "Jose" and "Juan" rank higher than "Wayne" in this country. Juan Wayne himself is probably rolling in his grave. What is this great land coming to? I am opening another tall Beck's Dark to help me through that.

And I can't find my HP15C, so I am going to wing it. Works good enough for forex I tell ya what. 31,482. Give or take a few hundred. I am serious. That's a lot of Wayne Jacksons.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,343
  • Aug 27, 2010 10:25pm Aug 27, 2010 10:25pm
Quoting The Fool

And I can't find my HP15C, so I am going to wing it. Works good enough for forex I tell ya what. 31,482. Give or take a few hundred. I am serious. That's a lot of Wayne Jacksons.
Probably why he chose that name for his venture--he's a needle in a haystack.
  • #12,344
  • Aug 28, 2010 3:18am Aug 28, 2010 3:18am
When I joined Jackos first group I paid $500 to a PA Knowles and a person of that name appears to have signed a transfer of directors document of Jackson Fortress Asset Management Ltd Hong Kong company 1257428 from one Director company over to another Director company in BVI. I assume that person would have had to produce ID to have done that


Duke
Attached File(s)
File Type: doc Jacko Doc.doc   130 KB | 595 downloads
  • #12,345
  • Aug 28, 2010 3:39am Aug 28, 2010 3:39am
Quoting Duke
When I joined Jackos first group I paid $500 to a PA Knowles and a person of that name appears to have signed a transfer of directors document of Jackson Fortress Asset Management Ltd Hong Kong company 1257428 from one Director company over to another Director company in BVI. I assume that person would have had to produce ID to have done that


Duke
This page is the page 3 of the form that can be downloaded here
www.cr.gov.hk/tc/forms/docs/d2a.pdf (http://www.forexfactory.com/www.cr.gov.hk/tc/forms/docs/d2a.pdf)
You need the page 2 of the completed form to see the ID information.
  • #12,346
  • Aug 28, 2010 7:55am Aug 28, 2010 7:55am
Just for information - this is the performance of all the calls made in his blog.

Some explanations: The balance figures are not absolute but show relative performance (assumed starting balance 2 mill, position size 200 Lot as stated many times by himself). Assumed this position size is not correct, over time the graph still shows the real performance and most important the drop of around 30-40% in equity since the end of last year. Two faked trades are excluded, either Jacko made the call hours later when the trade was more than 50 pip in green or the trigger price was never reached. In case somebody wants to lead a senseless discussion about this, just add 500k $ to the equity curve, it doesn't really change anything

Here we also find the explanation for the many claims at FF "Jacko is in the red". As the graph shows dependend on the timespan one can truly say this. Today an account traded after his signals from the beginning in 2007 has round about the same equity as 2008-02-20.
Attached Image (click to enlarge)
Click to Enlarge Name: performance-graph.png Size: 34 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #12,347
  • Edited 11:53am Aug 28, 2010 11:40am | Edited 11:53am
Quoting emmzett
Just for information - this is the performance of all the calls made in his blog.

Some explanations: The balance figures are not absolute but show relative performance (assumed starting balance 2 mill, position size 200 Lot as stated many times by himself). Assumed this position size is not correct, over time the graph still shows the real performance and most important the drop of around 30-40% in equity since the end of last year. Two faked trades are excluded, either Jacko made the call hours later when the trade was more than 50 pip...
So it looks from that that anybody that joined after around late Oct. 08 or Nov 08 would be in the red today, assuming that he traded "the fund"?? with the same calls. Is that not about the time that he started secrectly soliciting funds from FF group members? I wonder if somebody can post statements, all personal info deleted, from Nov 08 forward. That would show if and when he started cooking the books, if in fact he traded the funds and same as the calls, according to this chart posted.
Great job emmzett.

30% a year profit my arse. Only one losing quarter ever? A joke.
  • #12,348
  • Aug 28, 2010 11:48am Aug 28, 2010 11:48am
Quoting wwwin
So it looks from that that anybody that joined after around late Oct. 08 or Nov 08 would be in the red today. Is that not about the time that he started secrectly soliciting funds from FF group members? I am wonder if somebody can post statements, all personal info deleted, from Nov 08 forward. That would show if and when he started cooking the books, according to this chart posted.
Great job emmzett.

From the chart, he made good money until about April or May of this year, then he went into a tailspin with a deep drawdown.

His fund started in 2008. I don't know when he started soliciting FF members.

Did anyone ever make any profitable withdrawals, in all that time?
  • #12,349
  • Aug 28, 2010 11:53am Aug 28, 2010 11:53am
Quoting billbss
Did anyone ever make any profitable withdrawals, in all that time?
::crickets chirping::
  • #12,350
  • Aug 28, 2010 12:20pm Aug 28, 2010 12:20pm
Quoting emmzett
Just for information - this is the performance of all the calls made in his blog.

Some explanations: The balance figures are not absolute but show relative performance (assumed starting balance 2 mill, position size 200 Lot as stated many times by himself). Assumed this position size is not correct, over time the graph still shows the real performance and most important the drop of around 30-40% in equity since the end of last year. Two faked trades are excluded, either Jacko made the call hours later when the trade was more than 50 pip in...
If I understand things correctly, looking at the chart and performance graph in parallel, Jacko took only one trade. He went long at the beginning and then kept the position going. A very low maintenance system - no need to ever look at the charts, just put more and more money in until you can. When you cannot any more - run.
  • #12,351
  • Aug 28, 2010 3:08pm Aug 28, 2010 3:08pm
Quoting Trader KGB
::crickets chirping::

I did about 20k usd over the few years
  • #12,352
  • Aug 28, 2010 4:41pm Aug 28, 2010 4:41pm
I've been part of this group since 02/2009 and still am, he never cancelled my subscription. I read his blog for his economic interpretation and not his signals, I gotta give him credit, he seems to have a lot of knowledge in that area.

Anyway, What's Jacko's benefit in the fund ?

He guaranteed at least a 7.5% return per quarter, what was in it for him. besides all the paperwork, stress and possibility of losing his money if he doesn't make 7.5%

I never invested with him, because I was never comfortable sending money to someone I've never seen or met and more important someone from another country where my legal rights might be limited.

The only money I sent him was the $500 membership fee which i was willing to risk since this is less than I risk on a trade.

The other thing that I found very strange is that he moved from FL US to Hong Kong, I don't know too much about Hong Kong, but I know it's gotta be tough moving to a country that speaks another language when you're in your 50's. In the US FL is the place where people go to retire.

For those who sent him money I wish you luck and hope you get it back.

One last thing, for all the losing trades that he had over the past year or so, he seems to make a lot of excuses saying that members are pressuring him into trading more and that's why he is losing. Also he is breaking a lot of his rules, two in particular that got me is when he removed his stop loss and lost something like 300 pips in one trade and when he did is counter trend trades then lost and blamed the group members for pressuring him to trade more.
It's NOT GAMBLING when the odds are in your favor
  • #12,353
  • Aug 28, 2010 5:37pm Aug 28, 2010 5:37pm
Quoting User Name
The other thing that I found very strange is that he moved from FL US to Hong Kong,....
I read somewhere that Glen Kane Jackson lived in FL where he was fired from a job before moving to Tiburon CA.
"and that Jackson had been fired as a corporate officer of a Florida-based maritime security firm for allegedly using company funds for personal expenses"
  • #12,354
  • Aug 28, 2010 5:52pm Aug 28, 2010 5:52pm
I was glancing thru some of the posts on the blog, that someone here graciously uploaded to FF...Jacko posted this on 6/28/2010, preparing for any heat that might start coming his way and throwing doubt into someone exposing him...

"

This is a "heads-up" notice

. I have received a couple of emails from

a young-ish guy. The


first email was received six weeks ago from him

saying that he wanted to join the group but had no money and
requested that he pay the fee over 12 months. I responded that NOONE
has received any different consideration from any other
member because that would not be fair on the other members. I
then received a


second email a month ago from the same guy

explaining that his life was not turning out as expected and that life
had been unfair to him and that he wanted a "loan" from me to help
him out. I again responded that, as much as I would like to help
deserving cases, I did not know him at all. I have just received a

third



email from him (which was full of swearing and ranting about

how rich people should help young and poor people) and demanding
that I agree to pay him $50k into his bank account and another $25k
into his trading account or he will "destroy" me in all the forums. I
am not concerned about his threats. But I am not prepared to agree
in writing to his terms just so that I can get name and details. (He
has not forwarded any of his details to date. He is waiting for me to
agree to his terms before forwarding them). I will keep you up to
date, just in case you see anything in the forums.

MESSAGE"

  • #12,355
  • Aug 28, 2010 6:09pm Aug 28, 2010 6:09pm
Quoting wwwin
I was glancing thru some of the posts on the blog, that someone here graciously uploaded to FF...Jacko posted this on 6/28/2010, preparing for any heat that might start coming his way and throwing doubt into someone exposing him...
The lies, the lies .....

Facial hair seems to be a common theme here

Attached Image
Attached Image


Did you see that an ex-Mayor of Tiburon introduced most of the clients to Kane. Makes you wonder what Bill's job might have been.

And I'm still waiting for your answer Bill. What's the verdict? Mmmmmm?

.
Nothing worth having is easy.
  • #12,356
  • Aug 28, 2010 8:03pm Aug 28, 2010 8:03pm
Quoting Patience
The lies, the lies .....

Facial hair seems to be a common theme here

Attachment Attachment

Did you see that an ex-Mayor of Tiburon introduced most of the clients to Kane. Makes you wonder what Bill's job might have been.

And I'm still waiting for your answer Bill. What's the verdict? Mmmmmm?

.
I have not seen him around...here is post on the blog in May 2010, perhaps one last push for funds???

"

Although I, personally, am not very satisfied with this years results
to date, the returns were rated by the New York managers as "well
above average" for the period. I am pleased to say that the trading
performance since I arrived back in late March has taken a rewarding

jump forward with 245 pips in April and 280 pips in the first fourdays of May."


Don't know about April, but May 2010 looks to be a disaster from the beginning by looking at the equity chart...have not read the individual trades in first 4 days of May 10

  • #12,357
  • Aug 28, 2010 8:26pm Aug 28, 2010 8:26pm
well, I'll tell ya, all jokes and intrigue aside, it is a pretty sad state of affairs.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,358
  • Aug 28, 2010 9:11pm Aug 28, 2010 9:11pm
Well, I just talked to my lawyer, who is of the impression that FF holds some responsibility in advertising Jacko's Services on the board.

At least All I got ripped off of was $700.

I mailed Jacko and as expected got no reply.

Jako's site was unimpressive right form the start, not a single chart on the site, and after the first month, I asked for my money back.


It is now in the hands of my lawyer.
Starting to see instead of just looking.
  • #12,359
  • Aug 28, 2010 9:50pm Aug 28, 2010 9:50pm
Quoting Rastaman
Well, I just talked to my lawyer, who is of the impression that FF holds some responsibility in advertising Jacko's Services on the board.

At least All I got ripped off of was $700.

I mailed Jacko and as expected got no reply.

Jako's site was unimpressive right form the start, not a single chart on the site, and after the first month, I asked for my money back.


It is now in the hands of my lawyer.
Has FF "advertised" any threads at all??????

And yes, when I first found this thread I found there was almost no chart on this thread, and realised that I would not be able to verify the quality of the method. I managed to find some written "summaries" of the method, and was not sure how successful the method could be. AH strategy seems a gambling for me.
  • #12,360
  • Aug 28, 2010 10:20pm Aug 28, 2010 10:20pm
Quoting Rastaman
Well, I just talked to my lawyer, who is of the impression that FF holds some responsibility in advertising Jacko's Services on the board.

At least All I got ripped off of was $700.

I mailed Jacko and as expected got no reply.

Jako's site was unimpressive right form the start, not a single chart on the site, and after the first month, I asked for my money back.


It is now in the hands of my lawyer.
Can you point me to where FF advertises Jacko's services?
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