Jacko's Forex House of Pleasure and Pain | Page 653 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Chicky's House of Pleasure and Pain 11 replies

Carry Backet w/ Jacko's AH 10 replies

Hello Guys is a pleasure to be here. I'm new to MT4 1 reply

Jacko's P&P Trend Trading Method 73 replies

Attachments: Jacko's Forex House of Pleasure and Pain
Exit Attachments

Jacko's Forex House of Pleasure and Pain

  • #13,041
  • Dec 1, 2011 4:56pm Dec 1, 2011 4:56pm
Finally some are starting to wake up & smell the coffee. If they are selling it will not be worth much. Think about it........why not just trade your great wonderful method, system or whatever you term it & not have to deal with the endless questions from students. Well, by now you know the answer. For those that don't, its simple.....those that can do & those that can't teach.

Several yrs ago I send an email to one of the gurus on this forum asking him a simple question about something he had posted. The short answer I got was I am busy at the moment & I will have to get back to you on that. The busy part was setting up a paying service. Thats all well & good, but thats what important those monthly fees.

New traders......do yourself a hugh favor & educated yourselfs by reading, researching & asking questions of the very few traders on this forum that are actually trading & not trying to sell the next great method or system.

From my research there are only about five threads on this forum that are really worth your time & effort to follow. NO I am not going to name names, but they are here & they are free for the taking.

These are just my view based on many yrs of trading & research. Nothing more. OH yes, I too took JACKO serious in the beginning, but after swaping several emails with him I saw a fly in the pudding. For awhile he did seem to be the poster child of trading, oh well you know the rest of the story.

"It Is Better To Light A Candle Than To Cuss The Darkness"

______________________________
  • #13,042
  • Dec 1, 2011 5:09pm Dec 1, 2011 5:09pm
if i had to guess they are

B.S. Trading with Kenneth Lee
Stairstep Breakouts
EurAnalysis
Price Trap Eur/Usd 1 MIN
Trading with Deadly Accuracy

Mods can this thread be please trashed to get this out of the victims faces?




Quoting acetrader
Finally some are starting to wake up & smell the coffee. If they are selling it will not be worth much. Think about it........why not just trade your great wonderful method, system or whatever you term it & not have to deal with the endless questions from students. Well, by now you know the answer. For those that don't, its simple.....those that can do & those that can't teach.

Several yrs ago I send an email to one of the gurus on this forum asking him a simple question about something he had posted. The short answer I got was I am busy at the...
  • #13,043
  • Dec 2, 2011 3:08am Dec 2, 2011 3:08am
Quoting meepatme
if i had to guess they are

B.S. Trading with Kenneth Lee
Stairstep Breakouts
EurAnalysis
Price Trap Eur/Usd 1 MIN
Trading with Deadly Accuracy

Mods can this thread be please trashed to get this out of the victims faces?
Thanks alot.. Great stuff.. look forward to reading..
  • #13,044
  • Dec 2, 2011 3:38am Dec 2, 2011 3:38am
meepatme,

I totally disagree with removing this thread. In fact it should be required reading of every new forum member. I think it is a great educational thread for those wishing to learn trading. Did you not learn from it? From what I read you should have.

It is ashamed that some traders lost their money & I would like to see them get their funds back, but that is not very likely to happens.

Research is the key in this business & I see you took the time to find a few of the nice worthwhile threads that I mentioned. That same deligent research effort could have saved you & many more from ever suffering the lost of your funds. That is the only point I am trying to make & nothing more.

I see you have given DanC some reading material for the weekend.

I totally agree with garrye in his post #13040. One way you can not relive the pains from following Jacko is to stay away from the thread & let those that can benefit from it read & learn.

Oh, one more thing, the moderators cannot me held accountably for the Jacko's of the trading community, but only the traders themselves. The buck stops with them.

New traders read & learn.
_________________________________
  • #13,045
  • Dec 2, 2011 3:41am Dec 2, 2011 3:41am
danc,

These are the real deal. Just pick one that suites & dig in. So far I have not seen anyone ask for any funds. Good trades to you my friend.

__________________________
  • #13,046
  • Jun 30, 2012 4:27pm Jun 30, 2012 4:27pm
I've been gone for awhile and don't understand what happened to this thread. But i used jacko's mentor service and i seen him call very good trades with good timing using HIS system. But that doesn't mean he can't be beat by the market. You guys sure your not just kicking a guy when he is down. So maybe he lost his ass on some trades. I seen him break his own rules because he was so determined what the market was going to do. That doesn't make him a scammer tho. The guy really tried to show how he did what he did. I have ended up trading against jacko many times since 2009 but I value his insight and his methods. Too bad this ended up like it did.

Regards
Whats happening in EUR/USD should be happening to you!
  • #13,047
  • Jun 30, 2012 5:12pm Jun 30, 2012 5:12pm
Well whatever it was planned or not he certainly vanished wihout a trace with people monies.

Cost me 100k and load of debt but hey still in forex. What knocks you down makes you stronger.

From the re-search we did as a group it looks like it was setup as a scam as some Ozis setup the accounts. Other information I had linked it to russian mafia not an area am going chase after ....... trust yourself
  • #13,048
  • Jul 1, 2012 6:09am Jul 1, 2012 6:09am
Quoting BullsAndBear
I've been gone for awhile and don't understand what happened to this thread. But i used jacko's mentor service and i seen him call very good trades with good timing using HIS system. But that doesn't mean he can't be beat by the market. You guys sure your not just kicking a guy when he is down. So maybe he lost his ass on some trades. I seen him break his own rules because he was so determined what the market was going to do. That doesn't make him a scammer tho. The guy really tried to show how he did what he did. I have ended up trading against...
look what the cat dragged in.
student
  • #13,049
  • Jul 7, 2012 11:23am Jul 7, 2012 11:23am
Quoting meepatme
Well whatever it was planned or not he certainly vanished wihout a trace with people monies.

Cost me 100k and load of debt but hey still in forex. What knocks you down makes you stronger.

From the re-search we did as a group it looks like it was setup as a scam as some Ozis setup the accounts. Other information I had linked it to russian mafia not an area am going chase after ....... trust yourself
WOW. I am totally stunned by this. That really blows my mind. I know he started losing alot of money starting in 2009 but i had no idea it got this bad for him. Very sorry to hear that.
Whats happening in EUR/USD should be happening to you!
  • #13,050
  • Jul 8, 2012 4:08am Jul 8, 2012 4:08am
Quoting meepatme
Well whatever it was planned or not he certainly vanished wihout a trace with people monies.

Cost me 100k and load of debt but hey still in forex. What knocks you down makes you stronger.

From the re-search we did as a group it looks like it was setup as a scam as some Ozis setup the accounts. Other information I had linked it to russian mafia not an area am going chase after ....... trust yourself
Hello meepatme,
I'm one of Jacko's ex-pupils (but never put money in his fund).

Sorry to read he robbed you of 100k.

I'd like you to disclose evidence behind the claims that you make, such as how do you know who set up Jacko's accounts, about russian mafia, etc.

You seem to have access to information which should become public (after all, those of Jacko's followers who put money in his fund paid a very high fee, they deserve to know all about it)
Otherwise, it's like adding mystery and false excitement to a very sad story.

Thanks,
  • #13,051
  • Jan 10, 2013 12:35pm Jan 10, 2013 12:35pm
Quoting smjones
When I looked at your diversion chart, it instantly took me back to my wedding day 3 years ago. The day my wife (Trendy) and I were married, in front of the big Willow tree outside the house we bought to live in...

The years were good to my wife and I, we lived a life together and she was always there for me when I did the small stupid things men do.

And now here we are, right in front of me is the new sexy diverenge, and she is hot, with all her countertrend voluptuousness. Hum I think, it would not be so bad to have fling with her just...
This one is a SERIOUSLY GOOD ONE.....and very true...!!!
  • #13,052
  • Edited 7:47pm Mar 3, 2013 7:19pm | Edited 7:47pm
Hello fellows traders,
I started to read the topic but so many page.
But this is on progress (haha I am thinking of buying a Kindle for this!).
I wanted to know if the first post is still actual.
Follow the trend, use round numbers, fibos 50, exit and re enter point at SL...
This not below H4.

What pair to use... only EU?

Anything to add? To you add rsi, adx? Maybe add to winning position?

I am very interested by any precision, it is so useful to have the advices, remarks, and suggestions from such experienced people. BTW thanks Jacko and hope he is doing well. He got banned?

Thank you.
  • #13,053
  • Mar 3, 2013 9:59pm Mar 3, 2013 9:59pm
Those who were scammed, should get together and write a book base on this real life story. So at least you may get some money back.
  • #13,054
  • Mar 4, 2013 3:00am Mar 4, 2013 3:00am
Quoting fgenez
Hello fellows traders,
I started to read the topic but so many page.
But this is on progress (haha I am thinking of buying a Kindle for this!).
I wanted to know if the first post is still actual.
Follow the trend, use round numbers, fibos 50, exit and re enter point at SL...
This not below H4.

What pair to use... only EU?

Anything to add? To you add rsi, adx? Maybe add to winning position?

I am very interested by any precision, it is so useful to have the advices, remarks, and suggestions from such experienced people. BTW thanks Jacko and hope...
Jacko was banned because he stole 1000's of dollars from FF members. It seems as if the whole story was a scam to lure in traders and get their money.

Now that you know that do you think the first post about the system is true?
  • #13,055
  • Mar 4, 2013 3:10am Mar 4, 2013 3:10am
Thanks willf...
Too bad...
So I will look for "lessons" from someone else...
Better read books...!

Thanks

PS : I need scalping advices to make an EA, where should I go?
  • #13,056
  • Edited 3:27am Mar 4, 2013 3:10am | Edited 3:27am
Quoting Lique
Those who were scammed, should get together and write a book base on this real life story. So at least you may get some money back.
"Bringing Down The House of Pleasure and Pain : How a group of idiots with more dollars than sense got schooled on due diligence."

p.s. as always, i have a bridge for sale if anyone is interested.
Congratulations ScalaFX for coming out of the closet!
  • #13,057
  • Mar 4, 2013 3:16am Mar 4, 2013 3:16am
Quoting willf
Jacko was banned because he stole 1000's of dollars from FF members. It seems as if the whole story was a scam to lure in traders and get their money.

Now that you know that do you think the first post about the system is true?
A lot of his first pages advice was pretty decent.

Those who want to go to another thread and learn price action trading can still pick:

- James16's price action trading thread (http://www.forexfactory.com/showthread.php?t=2331) (very huge now).
- Strat's price action trading thread (http://www.forexfactory.com/showthread.php?t=155459) (large but more in control).
- FXGroup's conservative price action trading thread (http://www.forexfactory.com/showthread.php?t=317593).
  • #13,058
  • Mar 4, 2013 3:39am Mar 4, 2013 3:39am
dfumagalli, thanks for the links...!
  • #13,059
  • Mar 4, 2013 4:43am Mar 4, 2013 4:43am
I was also one of the scammed for 20k GBP and indeed a very expensive lesson in due diligence.

I also recommend the following for price action lessons:

Lance Biggs
http://www.yourtradingcoach.com/

Nial Fuller
http://www.learntotradethemarket.com/

Both have a good selection of free videos

Cheers
Dave
Each loss is one step closer to a winner!!! Cheers, Dave
  • #13,060
  • Mar 4, 2013 8:28am Mar 4, 2013 8:28am
i don't foresee this type of scam ever take place again. with mirror trading technology getting more popular-your money should stay with you at all times.

In fact, hedge funds should be obsolete in few years if mirror trading expands to other markets.
NocturnalFX is no longer offering commercial services
6 traders viewing now