Jacko's Forex House of Pleasure and Pain | Page 643 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #12,841
  • Nov 12, 2010 7:47pm Nov 12, 2010 7:47pm
Quoting Twee
Hi Folks, after making the first post (http://www.forexfactory.com/showthread.php?p=3947461#post3947461) about this situation the FF team decided to give Jacko some time to show up and clear his name before we took any action....
Twee my previous email account was hacked so I could not access my old profile 'sebastionay' anymore, can you link it to my new email instead please?
  • #12,842
  • Nov 13, 2010 8:17am Nov 13, 2010 8:17am
Quoting NaughtyPip
LOL, i cant believe that this was a scam!!

Man, after reading a chunk of this thread.....

What a b@$%^$d!!

Yeah, man, DanUk uses something of Jack's method, like anti hedging technique. Hard to believe this has happened.

I started reading this thread but did not follow through as method did not look solid, no clean explanations, no charts and everything sounded very vague and only later I found that it was a scam all the way, so why Dan still uses Jacko's anti hedging ?!
I doubt this guy even showed his trading results on myfxbook so that investors could follow his trading for some time. It would be nice to see some guys posting threads here and calling shorts to really post their myfxbook real results...
  • #12,843
  • Nov 13, 2010 1:11pm Nov 13, 2010 1:11pm
Funny thing is, I've been trading the "Jacko" method for a few months now with pretty good success. A friend of mine who had followed this thread showed me how he was trading the D1 and H4 TFs successfully using fibs. Now that I've devoted a few months of time studying how it works, it's becoming one of my favorite trading methods, stress-free with little screen time compared to other methods.

Not sure about the AH method...haven't used that. The person who introduced me to this thread (before Jacko went wacko) has tried it though and he was having some success with it. Not sure if I'm ready to try the AH myself. But as far as the meat and potatoes about trading with the trend, using the 50% (or also the 61.8%) fib retracement level(s), with S&R, trend lines (and in my case stochastic and the 200ema), I don't see how this is not a good trading method (following the first few pages of this thread and the basic instructions Jacko gave at the beginning).

Best Regards,
NeoRio

Quoting shiko
Yeah, man, DanUk uses something of Jack's method, like anti hedging technique. Hard to believe this has happened.

I started reading this thread but did not follow through as method did not look solid, no clean explanations, no charts and everything sounded very vague and only later I found that it was a scam all the way, so why Dan still uses Jacko's anti hedging ?!
I doubt this guy even showed his trading results on myfxbook so that investors could follow his trading for some time. It would be nice to see some guys posting threads here and calling...
Sentiment: Short on cash. Long on hope.
  • #12,844
  • Nov 13, 2010 11:33pm Nov 13, 2010 11:33pm
Someone here said malcolm could be next jacko. After reading his post here http://www.forexfactory.com/showpost.php?p=4170450&postcount=6720 I think was right. Funny he banned a few people for calling him on dubious posts. Pattern its same.
Reserved
  • #12,845
  • Nov 14, 2010 3:27am Nov 14, 2010 3:27am
Quoting shiko
Yeah, man, DanUk uses something of Jack's method, like anti hedging technique. Hard to believe this has happened.

I started reading this thread but did not follow through as method did not look solid, no clean explanations, no charts and everything sounded very vague and only later I found that it was a scam all the way, so why Dan still uses Jacko's anti hedging ?!
I doubt this guy even showed his trading results on myfxbook so that investors could follow his trading for some time. It would be nice to see some guys posting threads here and calling...
Hi shiko,

I rarely visit this thread anymore since I learned about the whole Jacko scam thing but just wanted to reply as you mentioned me.

I am not going to get into a conversation or argument with anyone about whether or not this strategy works or if anyone can trade or not but what I would say is that just because Jacko turned out to be a scammer does not mean that the tools laid out here don't work.

As far as the anti-hedge technique goes I don't actually use it anymore... in fact if you read my thread (link below) my trading has evolved into a combination of methods. However, there is nothing magical about the AH technique... if you were long at 1.5000 (hypothetical example) and you felt that was valid unless price broke below 1.4500 (i.e. a 500 pip stop loss) using the AH technique meant that you would enter with a 100 pip stop as opposed to a 500 pip stop.

I am not sticking up for Jacko by any means but just wanted to clarify my position.

Regards,

Dan
  • #12,846
  • Nov 14, 2010 9:35am Nov 14, 2010 9:35am
Quoting DanUK
Hi shiko,

I rarely visit this thread anymore since I learned about the whole Jacko scam thing but just wanted to reply as you mentioned me.

I am not going to get into a conversation or argument with anyone about whether or not this strategy works or if anyone can trade or not but what I would say is that just because Jacko turned out to be a scammer does not mean that the tools laid out here don't work.

As far as the anti-hedge technique goes I don't actually use it anymore... in fact if you...

Hi Dan, I am not arguing or anything. Just could not get how this guy who had following by really good traders appeared to be a scammer. Obviously some of what he posted here has sense. What i did not like is a lack of charts and too fussy explanations. I am learning to trade what you post and also NightMoves/ Hector's method which is close to what you do. trend following.
  • #12,847
  • Nov 14, 2010 9:52am Nov 14, 2010 9:52am
...and on it goes

Will this thread never end
Time hides Nothing
  • #12,848
  • Edited 11:24am Nov 14, 2010 10:00am | Edited 11:24am
I joined jacko's second group of students in early-mid 2008. I wanted to learn how to trade and from the posts on the forum here it looked pretty good and he had a good reputation here on the forum also a J16 member would post on jacko's thread here regularly giving jacko praise.

August 2008 was the olympic games in china, Jacko would blog that he was at the games and wasn't trading at the time, also this is when the EUR/USD started going crazy.


I remember when he decided to start the fund, the initial/minimum investment one could make was $5,000. I do remember him stateing that the fund was backed by Jacko/Wayne's own money against losses and there was some kind of minimum return rate if I recall correctly. I didn't invest in the fund but did follow the blog regularly. The funds of $500 to be a member of the group were to be wired to Hong Kong and the name was not Wayne Jackson for the funds to be sent yo, (this should of been questioned).

I would like to know the the whole story on this situation and if the whole situation was a con artist or not. Supposedly there was a trader wth Wayne who was an ex-broker/trader that was making the trades for him? Was this a lie or not? Suposedly some student traveled to visit him in Hong Kong? What happened to this guy? True story or not?

From what I've seen on here regarding the fund it sounds like it was fraud?
I would like to get more of the story from people here who have knoweledge of the situation and what happened.

Thanks
  • #12,849
  • Nov 14, 2010 10:05am Nov 14, 2010 10:05am
Quoting trader john
I joined jacko's second group of students in early-mid 2008. I wanted to learn how to trade and from the posts on the forum here it looked pretty good and he had a good reputation here on the forum also a J16 member would post on jacko's thread here regularly giving jacko praise.

August 2008 was the olympic games in china, Jacko would blog that he was at the games and wasn't trading at the time, also this is when the EUR/USD started going crazy.

The email correspondance I had with Jacko/Wayne seemes like the guy was a pleasant guy and he'd...
Just read the posts on this thread over the last year.
  • #12,850
  • Nov 14, 2010 11:26am Nov 14, 2010 11:26am
Quoting Tenapenny
Just read the posts on this thread over the last year.
I've read over the august posts, turns out to be a sad story.
I hope those that invested in the fund get some kind of recourse.
  • #12,851
  • Nov 14, 2010 1:29pm Nov 14, 2010 1:29pm
Quoting Tenapenny
Just read the posts on this thread over the last year.
Agree. It's all in there... Not very concise, but the anguish is very palpable!
I may write a paragraph on my own story and feelings about this in a few days, now that I've recovered from the emotional shock.
  • #12,852
  • Nov 15, 2010 8:20am Nov 15, 2010 8:20am
Quoting ZootSuit
Someone here said malcolm could be next jacko. After reading his post here http://www.forexfactory.com/showpost.php?p=4170450&postcount=6720 I think was right. Funny he banned a few people for calling him on dubious posts. Pattern its same.
Something to pay attention too!
  • #12,853
  • Nov 16, 2010 1:21am Nov 16, 2010 1:21am
Well, I just stumbled upon this thread. What a shame what happened here.

I don't plan to continue reading through this thread as I have read enough; however, if anyone has info on this Jacko character, or any of his cronies, I am willing to attempt to track down more info to help those seeking answers.

All I can promise is that I will make an earnest effort to track these people down if those with info provide it. This will obviously not be a priority for me but it will definitely go on my to-do list.

I have a good amount of prior work related experience tracking people down successfully, and I would be glad to use those skills if I may be able to help some people out.

I will make all updates to this thread, if/when I receive new info.

Any information you may have will help (no matter how insignificant it may seem)

Here is what I pulled from my brief reading of this thread:

FF User Name: Jacko (also on dailyfx forums)
email alias 1: [email protected]
Stated residence: Hon Kong

alleged wife email alias: [email protected]

Potential partners/friends/associates: Phonetic; billparoli; Scotty2Cues (AKA Mr Chan from http://www.forexstrategysecrets.com/blog/an-alternative-to-hedging.htm)

blogs:
http://waynejacksonfx.blogspot.com/
http://waynejackson888.blogspot.com/...b51dbaf112f47a
https://www.blogger.com/blogin.g?blogspotURL=http://jacksonfortress.blogspot.com/


Helpful info would include:

Any other names/nicknames/alias/user IDs for Jacko and cronies
Any alternate email addresses or user profiles
Any social media presence info
Any trading reports; addresses, p.o. boxes, etc
Any personal info: (think to any stories or anecdotes that he may have used; analogies/etc.)
Any info on past/work history: he mentioned being an employer... any info? did he ever reminisce?
Feel free to send me any info that you feel might help.

I will do my best to acquire as much info on his whereabouts as possible.
  • #12,854
  • Nov 16, 2010 3:15am Nov 16, 2010 3:15am
Looks like Jacko put a fair bit of effort into this - long time to be paid off. Then again, he probably had others running as well.
  • #12,855
  • Nov 16, 2010 9:59am Nov 16, 2010 9:59am
Quoting wwwin
Something to pay attention too!
i think to. They move his post to trash but he is still a normal member. It lile they didnt learn lessons amf they are nowprotecting future jacko again. See message in trash.

http://www.forexfactory.com/showpost.php?p=4170450&postcount=6720
Reserved
  • #12,856
  • Nov 17, 2010 3:57am Nov 17, 2010 3:57am
Quoting ZootSuit
i think to. They move his post to trash but he is still a normal member. It lile they didnt learn lessons amf they are nowprotecting future jacko again. See message in trash.

http://www.forexfactory.com/showpost.php?p=4170450&postcount=6720


If people send money to someone account where the guy can withdraw them it is stupid, but I see no problem if someone manages OPM by having trading access to client's account or trading FX Manager account like with Oanda.
In this case money always under owner's control. Regarding Malcolm, he is not guilty until proven so. Guy might be legitimate. The only thing I wonder is that why all these guys who post threads and method instead of only calling trades when they are successful start posting they myfxbook results.
I think this should be a must requirement for everyone posting his/ her method here. it would clean all the garbage right away.
  • #12,857
  • Nov 17, 2010 5:19am Nov 17, 2010 5:19am
Quoting shiko
I think this should be a must requirement for everyone posting his/ her method here. it would clean all the garbage right away.
Its a nice idea, but sadly, if it where to be implimented, Forex Factory would probably cease to exist.
  • #12,858
  • Nov 17, 2010 6:52am Nov 17, 2010 6:52am
Quoting Razzle
Its a nice idea, but sadly, if it where to be implimented, Forex Factory would probably cease to exist.

He he, it's true. When I become a guru I will sure post my results I am actually always posting my results from myfxbook but not here
But I would not disclose the method.
  • #12,859
  • Nov 17, 2010 6:55am Nov 17, 2010 6:55am
Quoting shiko
Regarding Malcolm, he is not guilty until proven so. Guy might be legitimate.
He broke rules
He bans people for showing he makes postd of profit trades after facts. He bans a guy to for saying he is wrong.
This is like jacko to.

If he offerd the service than he is commerce member and he should be moved
That is all
Reserved
  • #12,860
  • Nov 17, 2010 8:31am Nov 17, 2010 8:31am
Quoting ZootSuit
He broke rules
He bans people for showing he makes postd of profit trades after facts. He bans a guy to for saying he is wrong.
This is like jacko to.

If he offerd the service than he is commerce member and he should be moved
That is all
I see. if someone is not fond of criticisms why is he posting? I wonder what would happen with him at Oanda's forum if you understand what I mean.
FF and Oanda are like two opposites. Here a lot of newbies lick butts to anyone who present himself as guru. Oanda is full of cynics and some good tarders who however do not disclose their methods.
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