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Jacko's Forex House of Pleasure and Pain

  • #12,461
  • Sep 1, 2010 4:50pm Sep 1, 2010 4:50pm
Quoting Sim
Don't show this in public!

If everyone finds out, there won't be a market!!!!
I don't care what you guys say but Jacko did give some good advice to new traders.

Forex is one of the most trending markets, many beginners dive into forex and get slaughtered by signal sellers, bs indicators, over analysis etc etc...

No one was saying anything about em at the begging... now off-course thats easy. I said it once and I will say it again... he probably was a successful trader but simply lost touch with the markets... started breaking his own rules to make up for loses only digging himself into a bigger hole, it happened to many traders in the past and it will happen to many more in the future. Its a little hard to face your investors to tell em whats left....
  • #12,462
  • Sep 1, 2010 4:59pm Sep 1, 2010 4:59pm
Yes I concur he was a good trader, as were many others, while the market stayed bullish for years (and anti-hedging had higher chance of working)
  • #12,463
  • Sep 1, 2010 5:34pm Sep 1, 2010 5:34pm
Quoting Cocoflanel
So before you had to wire money to his personal account with Knowles in it ?
When I joined his group for $500 in September 2008, I wired the money to L A Knowles.

Regards Chris
  • #12,464
  • Sep 1, 2010 9:57pm Sep 1, 2010 9:57pm
Quoting Cocoflanel
So before you had to wire money to his personal account with Knowles in it ?
yeah, this was 2 years ago, he sent me his account info where under account name it said L A Knowles. I ended up joining a year later, he said not to use that account and to use Jackson Fortress, but to put L A Knowles for name of the person that will pick up the funds. He said that LA Knowles is his secretary, hmmm i found it weird that he had an account in his secretary's name.

BTW, he had all this planned from day one, you can tell that some of his posts were sales pitchy. His years of trading experience vary from 15 to 30 years in different post. I checked the IP address on the emails he sent me and it looks like the IP address is the same on like the last 35 emails from him except the last one sent on 6/30/10 is different, wonder that means that he took the money and ran. Someone also mentioned that his SMS were from a Singapore phone and old blog posts were saved on a website that ends in .com.sg. I think that's Singapore, maybe that's where he went.
It's NOT GAMBLING when the odds are in your favor
  • #12,465
  • Sep 1, 2010 11:48pm Sep 1, 2010 11:48pm
I paid Jacko $700 about a year ago and I have learned much more than this from him. It was worth every penny.
When EU was in 1.45 area and he predicted that it will go down to 1.1, I believed him. I sold at small lots up to 1.33 and then got out of the market.
I wish I had stayed longer and traded bigger lots. Nevertheless, I made about ten times the subscription fee.
I do miss his weblog. Where ever he is, I wish him the best.
Dear Jacko, Please count me in if you ever create a new blog.
Bernard
  • #12,466
  • Sep 1, 2010 11:54pm Sep 1, 2010 11:54pm
Quoting Bernard
I paid Jacko $700 about a year ago and I have learned much more than this from him. It was worth every penny.
When EU was in 1.45 area and he predicted that it will go down to 1.1, I believed him. I sold at small lots up to 1.33 and then got out of the market.
I wish I had stayed longer and traded bigger lots. Nevertheless, I made about ten times the subscription fee.
I do miss his weblog. Where ever he is, I wish him the best.
Dear Jacko, Please count me in if you ever create a new blog.
Bernard
Thanks for coming out Bernard. And what did you learn ? Your insights might help those who lost their money recover it and Jacko's legacy would be untarnished.
  • #12,467
  • Sep 2, 2010 1:34am Sep 2, 2010 1:34am
hey sim, the idea was because one is trend trading you will just be getting in on a better price. First the A-H was 50 pips then it was moved to 100 pips.

MY EXPERIENCE WITH A-H

I have used it a couple of times actually 6 times since i joined the blog........4 times it worked out quite, 1 time closed at BE (Thank God i did), 1 time am still regretting using it...............it is a very very dangerous strategy when the markets turns or seems to be turning and you keep doing your A-H every 100 pips.......AUDUSD would an interesting test project as Daily is UP.......but look at the size of the retracements.

Quoting Sim
this can all go tits up, so i still dont get it
  • #12,468
  • Sep 2, 2010 1:43am Sep 2, 2010 1:43am
Quoting Danku
hey sim, the idea was because one is trend trading you will just be getting in on a better price....
I would have thought you would use A-H once only on any trade, if that didn't work then move on and start afresh.
  • #12,469
  • Sep 2, 2010 1:50am Sep 2, 2010 1:50am
you already on one of the flaws......should have mentioned 3 different pairs..........and not once, idea was get in if S/L hit place entry 100 pips above/below that S/L if S/L hit again place entry 100 pips above/below that S/L and so on and so on.........unless i misunderstood A-H.............cheers

Quoting Tenapenny
I would have thought you would use A-H once only on any trade, if that didn't work then move on and start afresh.
  • #12,470
  • Sep 2, 2010 1:56am Sep 2, 2010 1:56am
Quoting Danku
you already on one of the flaws......should have mentioned 3 different pairs..........and not once, idea was get in if S/L hit place entry 100 pips above/below that S/L if S/L hit again place entry 100 pips above/below that S/L and so on and so on.........unless i misunderstood A-H.............cheers
Will try it on demo but not with my hard earned!
  • #12,471
  • Sep 2, 2010 2:12am Sep 2, 2010 2:12am
Quoting Danku
hey sim, the idea was because one is trend trading you will just be getting in on a better price....
Oh OK, now I get it, and I agree with it to an extent. Just like averagine in on a loser, I don't do it but when I used to try it it was awesome to gain a better average entry price, so long as you are contolling the RISK enough, I don't see anywhere jacko saying total risk make sure is 1%/2% and you get out when you are WRONG

also, drum n bass is simply love
  • #12,472
  • Sep 2, 2010 2:46am Sep 2, 2010 2:46am
Quoting Bernard
I paid Jacko $700 about a year ago and I have learned much more than this from him. It was worth every penny.
When EU was in 1.45 area and he predicted that it will go down to 1.1, I believed him. I sold at small lots up to 1.33 and then got out of the market.
I wish I had stayed longer and traded bigger lots. Nevertheless, I made about ten times the subscription fee.
I do miss his weblog. Where ever he is, I wish him the best.
Dear Jacko, Please count me in if you ever create a new blog.
Bernard
what a wanker
student
  • #12,473
  • Sep 2, 2010 2:53am Sep 2, 2010 2:53am
Quoting garrye
what a wanker
yeah pisstake
  • #12,474
  • Sep 2, 2010 2:57am Sep 2, 2010 2:57am
be nice to see a screen shot same as jackscam ,forexmick aka bernob,
student
  • #12,475
  • Sep 2, 2010 3:29am Sep 2, 2010 3:29am
Hi Intensity,

Haven't you suspected that this guy is a fake person?

If you look at its post history, it has made 8 posts altogether, you can see once he joined FF as a newbie, it has unwaveringly fixed Jacko as its ultimate savior。

Haven't you seen this type of Jacko's unquestionably supporters appear all around FF? I suspect that there is a team of full-time workers behind all these usernames. They behave like promoters of autopilot EA. You cannot see the supporters of J16 behave this way.

I guess the team may have hundreds of FF usernames in their database. So, beware of fake persons here!


Quoting Intensity
Thanks for coming out Bernard. And what did you learn ? Your insights might help those who lost their money recover it and Jacko's legacy would be untarnished.
Attached Image (click to enlarge)
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  • #12,476
  • Sep 2, 2010 4:15am Sep 2, 2010 4:15am
Quoting mp777
When I joined his group for $500 in September 2008, I wired the money to L A Knowles.

Regards Chris

What bank it was and in which country ?
  • #12,477
  • Sep 2, 2010 4:32am Sep 2, 2010 4:32am
Quoting Bernard
I paid Jacko $700 about a year ago and I have learned much more than this from him. It was worth every penny.
When EU was in 1.45 area and he predicted that it will go down to 1.1, I believed him. I sold at small lots up to 1.33 and then got out of the market.
I wish I had stayed longer and traded bigger lots. Nevertheless, I made about ten times the subscription fee.
I do miss his weblog. Where ever he is, I wish him the best.
Dear Jacko, Please count me in if you ever create a new blog.
Bernard
You wish him the best??? Another shill, no doubt. If you bothered to read any of this thread then you would realize that some people have lost a lot of money. In all fairness, I hope you listen to your next guru's calls and lose all of your money. How's that strike you???
  • #12,478
  • Edited 4:58am Sep 2, 2010 4:56am | Edited 4:58am
Quoting Cocoflanel
What bank it was and in which country ?
Account name: L. A Knowles
Bank Code 003
Account Number 368-1-xxxxxx-x
Bank Standard Chartered Bank (Hong Kong)
Address Att: Payment Centre
15/F , Standard Chartered Towers
388 Kwun Tong Road
Kowloon
HONG KONG
Swift Code xxxxxxxxxxx

I've deleted some of the information just in case this does turn out to have an innocent explanation, unlikely as it may seem at this time.

Chris

Amount USD $500.00
  • #12,479
  • Sep 2, 2010 8:38am Sep 2, 2010 8:38am
Quoting mp777
Account name: L. A Knowles
Bank Code 003
Account Number 368-1-xxxxxx-x
Bank Standard Chartered Bank (Hong Kong)
Address Att: Payment Centre
15/F , Standard Chartered Towers
388 Kwun Tong Road
Kowloon
[color=#333333][font=Arial]HONG...
Jacko didnt use this name only, he also used "I Know Less"...The email below is an email sent to me by a friend who joined his first group.




Hi xxxxx,

Account name: I Know Less
Beneficiary I Know Less

Account Number 152 078861 060


PS. Some people have asked about the account name. I Know Less is Newts business account and it was named by him to emphasise that he "knew less" than Mark and me

Jacko
  • #12,480
  • Sep 2, 2010 9:45am Sep 2, 2010 9:45am
Hi xxxxx,

Account name: I Know Less
Beneficiary I Know Less

Account Number 152 078861 060


PS. Some people have asked about the account name. I Know Less is Newts business account and it was named by him to emphasise that he "knew less" than Mark and me

Jacko




This adds weight to Newbietrader101 and Jacko being the same person

Why else would he be having funds transfered to Newts account?

He sure was stiching us up from the start

How many other accounts was he using?



Duke
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