Jacko's Forex House of Pleasure and Pain | Page 623 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #12,441
  • Aug 31, 2010 10:04am Aug 31, 2010 10:04am
Quoting Rastaman
-On 3/22/2010
Thanks, now I see how "professional" Wayne is in answering customers.
  • #12,442
  • Aug 31, 2010 4:30pm Aug 31, 2010 4:30pm
Quoting kk007
Thanks, now I see how "professional" Wayne is in answering customers.
Classic stuff...it was not him that decided not to refund the $700, he asked two senior traders for advice...not his fault. HAS THIS GUY EVER ONCE IN HIS LIFE BEEN RESPONBISIBLE FOR HIS ACTIONS?


"I apologize for the delay but I didn't want to act rashly, so I sent a copy of your request to two senior traders in the group for their opinion on what I should do. However we are all in agreement that you received exactly the same information as everyone else prior to joining, so no refund is justified. They were quite uncompromising in their responses. One even discussed that it was like asking a broker to reverse a trade after the fact."
  • #12,443
  • Aug 31, 2010 5:45pm Aug 31, 2010 5:45pm
Quoting wwwin
Classic stuff...it was not him that decided not to refund the $700, he asked two senior traders for advice...not his fault. HAS THIS GUY EVER ONCE IN HIS LIFE BEEN RESPONBISIBLE FOR HIS ACTIONS?


One even discussed that it was like asking a broker to reverse a trade after the fact."

The comparison to reversing a trade is great. He's comparing a bad purchase (his program) to a bad trade and handling it the same way a broker would, saying, "You took the risk and lost".
  • #12,444
  • Aug 31, 2010 6:29pm Aug 31, 2010 6:29pm
is this him?


i would say everything was a fraud from the beginning. (SOMEONE here claimed it wasnt)

or.. are you serious to believe that this is the face of a REAL professional trader?


of course he has had 30 winning years, and only the last 2 were unfortunately losers.

what a nice grin when beeing arrested. btw where are the missing 2000000 ?



http://www.forexfactory.com/attachme..., 2010 12:40am
Follow the Trend, thats all
  • #12,445
  • Aug 31, 2010 6:36pm Aug 31, 2010 6:36pm
http://www.cftc.gov/PressRoom/PressReleases/pr5844-10.html

Media Contacts
Scott Schneider
202-418-5080

Dennis Holden
202-418-5088



Did anyone ever contact CFTC's media contacts on the Glenn Kane Jackson fx ponsi scheme case - maybe they have some insight as to whether GKJ is our jacko...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,446
  • Aug 31, 2010 8:02pm Aug 31, 2010 8:02pm
Quoting pauly
is this him?...
what a nice grin when beeing arrested. btw where are the missing 2000000 ?



http://www.forexfactory.com/attachme..., 2010 12:40am

Well, since he always confers with someone before making a harsh decision, I say he asked God repeatedly if he should return the fund's funds. Since God never responded, it was the godly thing, or sin, to keep the dough. It's not his fault, God told him to keep the money.

PS. Yeah, that is quite a smiling mug shot.
  • #12,447
  • Aug 31, 2010 8:06pm Aug 31, 2010 8:06pm
Looks pretty pleased with himself doesnt he
Time hides Nothing
  • #12,448
  • Aug 31, 2010 9:24pm Aug 31, 2010 9:24pm
Dont overlook the person KNOWLES.
Someone using that identity was who us early members of Jackos first group paid our funds to.

A person of that name signed the change of directors form of Jackson Fortress Asset Management Ltd [Hong Kong where later funds were directed], from Westco Nominees Ltd a Samoa director company in Apia to Jackson Fortress Inc in Tortola a British Virgin Island director company. That person is VERY involved in this.

Duke
  • #12,449
  • Aug 31, 2010 10:11pm Aug 31, 2010 10:11pm
Besides the investors or Twee, I have heard that even HSBC cannot contact Jacko. The guy simply vanished. He has not posted in his trading blogs for 2 days now. So this may be it. Time to have HK Police or Interpol to hunt down the scammer and to trace where the money has been transferred to. His link these offshore entities basically mean he has planned this scam long ago. All this talk about wife, family (Florida) and probably Mark is just smoke screen to humanize himself so investors & pupils can be fooled into giving him money. Pathetic.
  • #12,450
  • Aug 31, 2010 11:25pm Aug 31, 2010 11:25pm
Seems he was still taking people's enrollment money up to June of this year.

http://www.scam.com/showthread.php?t=130389



Have a friend currently in HK who is going to see what is going on at the physical address.
Jackson Fortress Asset Management Ltd Address Floor 17 Harcourt House , 39 Gloucester Rd Wanchai Hong Kong
Starting to see instead of just looking.
  • #12,451
  • Aug 31, 2010 11:48pm Aug 31, 2010 11:48pm
Quoting Rastaman
Seems he was still taking people's enrollment money up to June of this year.

http://www.scam.com/showthread.php?t=130389



Have a friend currently in HK who is going to see what is going on at the physical address.
Jackson Fortress Asset Management Ltd Address Floor 17 Harcourt House , 39 Gloucester Rd Wanchai Hong Kong
I think hes legit-a face like that doesnt lie? Whats the address of the State Prison? I want to send more money.
FF = Forex Faggots
  • #12,452
  • Sep 1, 2010 2:36am Sep 1, 2010 2:36am
Quoting Rastaman
Seems he was still taking people's enrollment money up to June of this year.

http://www.scam.com/showthread.php?t=130389



Have a friend currently in HK who is going to see what is going on at the physical address.
Jackson Fortress Asset Management Ltd Address Floor 17 Harcourt House , 39 Gloucester Rd Wanchai Hong Kong
Thanks for that link... cool website.

Good luck with the $700. Hope you are able to recover it.
  • #12,453
  • Sep 1, 2010 7:26am Sep 1, 2010 7:26am
Quoting The Captain (full quote since FF cuts off quotes now, this deserves to be repeated in its entirety)

"After reading much of Jacko's stuff, in my early trading days, it was easy to immediately dismiss the anti-hedging strategy as a bunch of crap. I could never understand why people believed this would work.. "Just take a trade.. and if you were dead wrong and are losing on it.. just try it again.. just take the trade again.." WTF... Think about this people... He said this would "minimize drawdowns"???? So you trade 10 lots and you are down 100 pips.. Then you enter again with 10 lots and it goes another 100 pips against you... Yep sure minimized that drawdown."



Thank you for comically yet accurately describing what I and many others thought of this "method" all these years!
  • #12,454
  • Sep 1, 2010 2:17pm Sep 1, 2010 2:17pm
Quoting The Fool
http://www.cftc.gov/PressRoom/PressReleases/pr5844-10.html

Media Contacts
Scott Schneider
202-418-5080

Dennis Holden
202-418-5088



Did anyone ever contact CFTC's media contacts on the Glenn Kane Jackson fx ponsi scheme case - maybe they have some insight as to whether GKJ is our jacko...?
No?

The "complaint line" that will get you to the enforcement people at the CFTC is: 866-366-2382
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,455
  • Sep 1, 2010 3:18pm Sep 1, 2010 3:18pm
Quoting User Name
Knowles was the name on his account before he got smart and changed it to Jackson Fortress


So before you had to wire money to his personal account with Knowles in it ?
  • #12,456
  • Sep 1, 2010 3:42pm Sep 1, 2010 3:42pm
Oh fuck!
  • #12,457
  • Sep 1, 2010 3:45pm Sep 1, 2010 3:45pm
Quoting Trader KGB
Quoting The Captain (full quote since FF cuts off quotes now, this deserves to be repeated in its entirety)

[i]"After reading much of Jacko's stuff, in my early trading days, it was easy to immediately dismiss the anti-hedging strategy as a bunch of crap. I could never understand why people believed this would work.. "Just take a trade.. and if you were dead wrong and are losing on it.. just try it again.. just take the trade again.." WTF... Think about this people... He said this would "minimize drawdowns"???? So you trade 10 lots and you...
Actually, "anti-hedging" is nothing more than getting out of a bad trade and getting back in later, which presumably will be in the initial direction again. You think the market (stocks or currency) is going up, but it goes down. So you cut your losses and wait for another entry, which again, presumably will be in the initial direction. The only difference is that Jacko's rule was to re-enter exactly where you got stopped out....in reality you may actually be better off entering lower or even not at all, that is the part of trading that requires thinking for yourself rather than blindly following a set of rules.

As traders, we do it all the time (except maybe always getting in exactly where we got out)....he just stuck a catchy name on it, that's all.
  • #12,458
  • Sep 1, 2010 3:48pm Sep 1, 2010 3:48pm
Quoting moneymaker2
Actually, "anti-hedging" is nothing more than getting out of a bad trade and getting back in later, which presumably will be in the initial direction again. You think the market (stocks or currency) is going up, but it goes down. So you cut your losses and wait for another entry, which again, presumably will be in the initial direction. The only difference is that Jacko's rule was to re-enter exactly where you got stopped out....in reality you may actually be better off entering lower or even not at all, that is the part of trading...
this can all go tits up, so i still dont get it
  • #12,459
  • Sep 1, 2010 4:16pm Sep 1, 2010 4:16pm
Quoting Trader KGB
Quoting The Captain (full quote since FF cuts off quotes now, this deserves to be repeated in its entirety)

[i]"After reading much of Jacko's stuff, in my early trading days, it...

personally i prefer this:

from jackos blog:
"I am a Trend Trader

EVERYONE SHOULD TEST OUT THIS VERY UNUSUAL AND RARELY USED STRATEGY;

1. buy/ sell ONLY in the direction of the major trend and
2. buy/sell on dips.(Use support lines to guide you as to price...also "round" numbers ... I also use the 50% Fib ratio..)
3. bank your profits"

well, that is really worth 700 usd/year.
meine augen sind die sterne
  • #12,460
  • Sep 1, 2010 4:23pm Sep 1, 2010 4:23pm
Quoting aserbfx
1. buy/ sell ONLY in the direction of the major trend and
2. buy/sell on dips.(Use support lines to guide you as to price...also "round" numbers ... I also use the 50% Fib ratio..)
3. bank your profits"
Don't show this in public!

If everyone finds out, there won't be a market!!!!
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