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Jacko's Forex House of Pleasure and Pain

  • #12,601
  • Sep 10, 2010 6:58pm Sep 10, 2010 6:58pm
Quoting Razzle
I hate to burst your bubble, but he's right. Faking statements on myfxbook

You dont seam to have a particularly good grasp of how this industry works
I only admitted I would not know or care to know how to do it. My knowledge of "how this industry works" is only relevant to me if it helps me trade successfully. But its good to have another know-it-all a$$hole Brit in my iggy bin: the more of you I get in there the more enjoyable participating in this forum becomes.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #12,602
  • Sep 10, 2010 7:17pm Sep 10, 2010 7:17pm
Quoting StephanusR
Fact is that the eurusd follows a random walk, there are only a few individuals in this universe who can trade forex.
.
If this is true then what are you doing here? You just wrote a 12 chapter novel on a forex forum. Go get some sun or something

But thanks for the heads up
Time hides Nothing
  • #12,603
  • Edited 4:37am Sep 11, 2010 2:55am | Edited 4:37am
Quoting StephanusR
Fact is that the eurusd follows a random walk, there are only a few individuals in this universe who can trade forex.
That is what failed traders usually say. After blowing more than one account in a row, it is always very comforting to say that it is the fault of the random market or br*kers or anyone else besides the trader himself.
I agree that 95 % fail in forex but I am quite sure that more than a half of those 95 % are either too lazy or too stupid or have some mental obstacles.
I started trading forex 2.5 years ago and blew my first account. After that I took time to study on my own and to build up my own systems from the pieces available in FF and some other forums.
By today, I make enough for living by trading. I still have a full-time job but I decided to quit by the end of this year because I do not see any reason to continue going out in early mornings and spending 8 hours per day in an office.
And I certainly do not think that I belong to a small and unique group of people in universe. I communicate with some professional traders via Skype or MSN. There are many of them but you just never notice them because they are not posting their account data in internet.
Search, find, think, test - that is the only way to succeed. Nothing can be achieved in days, weeks, even months. It is a hard way to go and trading is one of the lonliest jobs I know. By the moment of the trade you are always totally alone with your decision - to enter or not to enter; to exit or not. Everything is up to you, your mind and nerves.
  • #12,604
  • Sep 11, 2010 3:59am Sep 11, 2010 3:59am
Quoting The Fool
I have to disagree with you. I have used myfxbook & posted results on my journal page. Since the data has to be directly uploaded from my account I am not sure how I could fake it. I am not saying that someone could not...
I have to agree , service as myfxbook or similar could be used only as a personal reference on own account not to trust someone else trading performance.
Imho sharing mt4 investor password could remove any doubt about good or poor performance done by a trader since all ongoing and past trades are visible in real time without any fake statement issue.
  • #12,605
  • Sep 11, 2010 4:32am Sep 11, 2010 4:32am
Quoting StephanusR
Fact is that the eurusd follows a random walk, there are only a few individuals in this universe who can trade forex.
Quoting CindyXXXX
If this is true then what are you doing here? You just wrote a 12 chapter novel on a forex forum. Go get some sun or something

But thanks for the heads up
  • #12,606
  • Sep 11, 2010 4:36am Sep 11, 2010 4:36am
Quoting skyline
I have to agree , service as myfxbook or similar could be used only as a personal reference on own account not to trust someone else trading performance.
Imho sharing mt4 investor password could remove any doubt about good or poor performance done by a trader since all ongoing and past trades are visible in real time without any fake statement issue.
About whether it is possible to fake performance on myfxbook.com, here is the thread about this.
Fact or Ficition - Myfxbook.com (http://www.forexfactory.com/showthread.php?t=222923)
  • #12,607
  • Sep 11, 2010 4:37am Sep 11, 2010 4:37am
Quoting Indrek
That is what failed traders usually say. After blowing more than one account in a row, it is always very comforting to say that it is the fault of the random market or br*kers or anyone else besides the trader himself.
I agree that 95 % fail in forex but I am quite sure that more than a half of those 95 % are either too lazy or too stupid or have some mental obstacles.
I started trading forex 2.5 years ago and blew my first account. After that I took time to study on my own and to build up my own systems from the pieces available in FF and some...
Nice sharing. I like this.
  • #12,608
  • Sep 11, 2010 6:10am Sep 11, 2010 6:10am
Quoting StephanusR
Fact is that the eurusd follows a random walk, there are only a few individuals in this universe who can trade forex.
That is utter bullshit. I've done several test that clearly prove that markets are not random and I've discovered something interessting along the way. To validate my results I created several random charts which pretty much looked like regular charts with pinbars, double bottoms etc. Well and all of a sudden there was no hidden structure anymore.

Now you'll probably want me to post prove. Do your own work. I give a flying fuck if someone belives me or not. Maybe you could provide some proof that Markets are Random Walk. Ask hanover if you like I let him have a look at it.
  • #12,609
  • Sep 11, 2010 6:54am Sep 11, 2010 6:54am
Quoting StephanusR
Fact is that the eurusd follows a random walk,
Without being to harsh to you, the above statement really demonstrates how little you know about, not only FOREX but world financial markets in General.
  • #12,610
  • Sep 11, 2010 7:47am Sep 11, 2010 7:47am
Hmm, a friend who runs a webshop told me they have dozens of different usernames and it's their daily routine to post fake reviews and opinions in forums and blogs. They drop a note here and there, praising their own shit and buggering the competition. Dog eat dog.

Well, if the trade server is yours, you can verify any shit, so you can fake statements as you like. Definitely. But I don't think you can say all profitable accounts are fake. Maybe you could scroll down that list, and instead of looking at the 3 week old 100000 % profit shooting stars, you would see some older accounts with modest, realistic profits. And if you spend more time listening to people, they might tell you their links - I know of 3 individuals who traded real money for more than a year with profits. I'm sure there are more tho.

Quoting StephanusR
Forex dealers are generating fake statements and using Myfxbook.com as an advertising platform to generate profit hallucinations , like gambling houses create the illusion that you could also strike the bigtime.
forget about tomorrow, just steal away into the night
  • #12,611
  • Sep 12, 2010 11:22am Sep 12, 2010 11:22am
Quoting TJPLD
That is wrong. I've done several test that clearly prove that markets are not random and I've discovered something interessting along the way. To validate my results I created several random charts which pretty much looked like regular charts with pinbars, double bottoms etc. Well and all of a sudden there was no hidden structure anymore.

Now you'll probably want me to post prove. Do your own work. I give a flying...
In my own personal account at http://stocktwits.com/stephanusR I am doing very good proving that 41 winners out of 45 can be done. The market follows a random walk for those who don't know what criteria to evaluate. We can make all sorts of claims but it has to be prove on stocktwits.com which is better than a real trading statement because one could have hundreds of real statements and only present those that are profitable as I explained here:

http://www.forexfactory.com/showthread.php?t=255064
  • #12,612
  • Sep 12, 2010 5:17pm Sep 12, 2010 5:17pm
Stop talking about Random Walk!

In a random chart, you will not see pressure after a pullback in a clear trend. You will not find pivot points in a random chart, and most importantly, noone is starring at this the whole day.




Quoting StephanusR
In my own personal account at http://stocktwits.com/stephanusR I am doing very good proving that 41 winners out of 45 can be done. The market follows a random walk for those who don't know what criteria to evaluate. We can make all sorts of claims but it has to be prove on stocktwits.com which is better than a real trading statement because one could have hundreds of real statements and only present those that are profitable as I explained here:

http://www.forexfactory.com/showthread.php?t=255064
Follow the Trend, thats all
  • #12,613
  • Sep 13, 2010 12:06pm Sep 13, 2010 12:06pm
Today is a good opportunity to sell AUDUSD with a stop at a maximum this year, and target to 0.7300
  • #12,614
  • Sep 13, 2010 1:20pm Sep 13, 2010 1:20pm
Quoting StephanusR
In my own personal account at http://stocktwits.com/stephanusR I am doing very good proving that 41 winners out of 45 can be done. The market follows a random walk for those who don't know what criteria to evaluate. We can make all sorts of claims but it has to be prove on stocktwits.com which is better than a real trading statement because one could have hundreds of real statements and only present those that are profitable as I explained here:

http://www.forexfactory.com/showthread.php?t=255064
Your stocktwits account has nothing to do with reality but with what's in your own head.

You say that you open a trade and then you say that you close for a profit - very transparent I must say - I am surprised you have any losses at all.

Who are you promoting yourself or stocktwits?

-- Asaf.
  • #12,615
  • Sep 14, 2010 2:33am Sep 14, 2010 2:33am
Quoting asafyigal
Your stocktwits account has nothing to do with reality but with what's in your own head.

You say that you open a trade and then you say that you close for a profit - very transparent I must say - I am surprised you have any losses at all.

Who are you promoting yourself or stocktwits?

-- Asaf.
Ha.. Ha... 41 one out of 43.. BSHT..

So much for looking for Jacko......
  • #12,616
  • Sep 14, 2010 3:34am Sep 14, 2010 3:34am
So Jacko has now stopped the trading blog which he originally said he would run till end of the year. Not that this matters to me as his advice on trading is pointless when he turned into a scammer. But besides the investors (being one of them myself) who lost their money, now even those who have subscribed to the annual SMS service & blog access are now not getting their money's worth. Perhaps you folks need to contact HK Police too to complain Jacko. The more people & pressure on HK Police, the more likely they are serious in tracking Jacko down. At this stage, not many of us are thinking we can recover the money, but it will do some justice if he is hunted down by HK Police or Interpol.
  • #12,617
  • Sep 14, 2010 4:14am Sep 14, 2010 4:14am
Quoting Indrek
That is what failed traders usually say. After blowing more than one account in a row, it is always very comforting to say that it is the fault of the random market or br*kers or anyone else besides the trader himself.
I agree that 95 % fail in forex but I am quite sure that more than a half of those 95 % are either too lazy or too stupid or have some mental obstacles.
I started trading forex 2.5 years ago and blew my first account. After that I took time to study on my own and to build up my own systems from the pieces available in FF and some...
Nice post Sir.
Glad to read you trade for a living. Great Courage!
  • #12,618
  • Sep 14, 2010 6:23am Sep 14, 2010 6:23am
Quoting fxbillie
Perhaps you folks need to contact HK Police too to complain Jacko. The more people & pressure on HK Police, the more likely they are serious in tracking Jacko down. At this stage, not many of us are thinking we can recover the money, but it will do some justice if he is hunted down by HK Police or Interpol.
I don't think HK police can do anything, Jacko isn't from HK, he only had a virtual office there
It's NOT GAMBLING when the odds are in your favor
  • #12,619
  • Sep 14, 2010 10:44am Sep 14, 2010 10:44am
Quoting User Name
I don't think HK police can do anything, Jacko isn't from HK, he only had a virtual office there

Funds were paid into Hong Kong bank so that has to be a good starting point

If enough people raise a ruckas he might just get his ass nailed as he is now in breach of contract to supply service as well as disappearing with peoples funds

He [they] dont deserve to walk away scott free on this one

Maybe there might just be some justice in this world wont know if you dont try

Duke
  • #12,620
  • Sep 14, 2010 1:40pm Sep 14, 2010 1:40pm
The fact that he may not even live in HK is exactly the point I am making. We don't want HK Police to stop hunting him down when they realize he was operating from off-shore. The fraud was committed in HK so HK Police needs to deal with it. However, if it means to put in more police resource to track him down off-shore or trace the money flow, then the more international pressure the better. Do your part if you are a victim and don't let the scammer run free with people's life saving and hard-earned money.
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