Jacko's Forex House of Pleasure and Pain | Page 655 | Forex Factory

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Jacko's Forex House of Pleasure and Pain

  • #13,081
  • Jun 16, 2014 2:14am Jun 16, 2014 2:14am
Quoting hanover
{quote} Good question. I followed Jacko (without actually ever being a member of his group) for a while and wondered much the same thing, after he disappeared. I posted my thoughts here (http://www.forexfactory.com/showthread.php?p=4533744#post4533744) and, after performing some research, included a list of usernames that I believe were Jacko aliases. This suggests that Jacko had planned his coup from as early as 2 years prior to his disappearance. The post immediately after (#13000) makes the valid point that he was collecting subscription...
Whatever he did, did it very well. I still wonder if there was "another of him" who took trades just opposite to what he took. I mean, no matter where market goes, one becomes famous and the other remains in the shadows. During his time of operation, market provided excellent opportunity for this kind of play, by going in one direction.
The Thief of Wall Street
  • #13,082
  • Jun 17, 2014 2:17am Jun 17, 2014 2:17am
Quoting Chicky
{quote} Whatever he did, did it very well. I still wonder if there was "another of him" who took trades just opposite to what he took. I mean, no matter where market goes, one becomes famous and the other remains in the shadows. During his time of operation, market provided excellent opportunity for this kind of play, by going in one direction.
Chicky,

I see that none of the 9 FF members that I suggested might be Jacko aliases (back in post #12,997 (http://www.forexfactory.com/showthread.php?p=4533744#post4533744), April 2011) have since protested at my accusation. In fact none of them have posted again since that date. Seems to confirm my suspicions that Jacko planned his sting as early as June 2008, i.e. more than 2 years before he disappeared.

If newbietrader101 is also Jacko, then the plan was hatched as early as Jan 2007. I remember that post (http://www.forexfactory.com/showthread.php?t=13081) very well, because as a struggling newbie myself, I was thinking "Wow, how can I possibly get in touch with this amazing trader Jacko?". Hopefully I'm a little wiser nowadays. LOL

Cheers,
David
  • #13,083
  • Jun 17, 2014 1:20pm Jun 17, 2014 1:20pm
Quoting hanover
{quote} Chicky, I see that none of the 9 FF members that I suggested might be Jacko aliases (back in post #12,997 (http://www.forexfactory.com/showthread.php?p=4533744#post4533744), April 2011) have since protested at my accusation. In fact none of them have posted again since that date. Seems to confirm my suspicions that Jacko planned his sting as early as June 2008, i.e. more than 2 years before he disappeared. If newbietrader101 is also Jacko, then the plan was hatched as early as Jan 2007. I remember that post (http://www.forexfactory.com/showthread.php?t=13081)...
Hey call in and say hello sometime.
  • #13,084
  • Feb 10, 2015 9:05am Feb 10, 2015 9:05am
jacko is back
  • #13,085
  • Feb 10, 2015 12:17pm Feb 10, 2015 12:17pm
Quoting MPP
{quote} My thoughts on all this. read the first few pages, they are filled with great info, i truely believe this is the best business to be involved in (for all the reasons listed on page 1). I traded this system for some time and made good profit, even helped others do the same and posted regular charts for people to see. I was truely disappointed with the end result, but always felt people should trade there own money and no one elses. unfortunately not all the people that tried this system made money :- failure to follow rules, gut feelings,...
Agree 100%, I was in there with MPP a million years ago, same thing. Focus people...success starts with knowledge, but you will only be successful if you focus on what works with your own personality. James 16 should be a required read...
Never say never.
  • #13,086
  • Feb 11, 2015 2:15pm Feb 11, 2015 2:15pm
I was there too!  Just logged in to FF for  The first time in years to see what people are saying about the Euro and staggered to see that Jacko is still a topic of Conversation. 
I agree that his method was good if you could stick to it .
As was the case with many systems. 
I wish I had started with James16 . I might still be here every day. 
 
  • #13,087
  • Feb 11, 2015 3:41pm Feb 11, 2015 3:41pm
i am rasel here who want to share technical analysis i am getting very good information about currency pair technical analysis every day.


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Download over 2900 forex robots and indicators for 100% FREE at: http://mt4talk.com/ (http://mt4talk.com/)
  • #13,088
  • Feb 11, 2015 10:23pm Feb 11, 2015 10:23pm
Quoting PippinL
I was there too!  Just logged in to FF for  The first time in years to see what people are saying about the Euro and staggered to see that Jacko is still a topic of Conversation. I agree that his method was good if you could stick to it . As was the case with many systems. I wish I had started with James16 . I might still be here every day. Â

Heyyyyy
Never say never.
  • #13,089
  • Feb 28, 2015 3:00pm Feb 28, 2015 3:00pm
Quoting xdj3richo
jacko is back
What do you mean by "jacko is back"?

Do you mean he is once again posting here at Forex Factory? If so, then what is his new username? If he has not returned to FF, then what did you mean by your statement?
"Trading is a mental sport." - Ziad Masri
  • #13,090
  • Mar 1, 2015 2:18pm Mar 1, 2015 2:18pm
Quoting hanover
{quote} Chicky, I see that none of the 9 FF members that I suggested might be Jacko aliases (back in post #12,997 (http://www.forexfactory.com/showthread.php?p=4533744#post4533744), April 2011) have since protested at my accusation. In fact none of them have posted again since that date. Seems to confirm my suspicions that Jacko planned his sting as early as June 2008, i.e. more than 2 years before he disappeared. If newbietrader101 is also Jacko, then the plan was hatched as early as Jan 2007. I remember that post (http://www.forexfactory.com/showthread.php?t=13081)...
Very interesting! Thanks for this research Chicky.
FF could very easily check the IP addresses from which the different potential shills you identified posted. Unless the guy was very tech-savvy, it is most probable that they all originate from the same IP or very similar IPs. It might be, though, that he was using a proxy somewhere to hide.

I don't believe one single second that Jacko was a honest trader who turned awry. I don't think anyone actually met him (therefore the mail you spotted tends to reinforce the idea of a well prepared scam). He had taken all precautions not to be traced back to where he actually was: google mail accounts, no common chatroom on his site which would have allowed for a true discussion between his "turtles", a company registered in HK under a different name to receive the money, his mobile itself was Singapourean...

Let alone his method, which proved disastrously amateurish and inefficient at the time I joined (with no real teaching - after paying the $700 you were supposed to learn by following him but there was nothing convincing to follow...), all was organised in a way which very strongly suggests it was a scam right from the beginning.
  • #13,091
  • Apr 11, 2015 4:33pm Apr 11, 2015 4:33pm
Quoting jacko
As long as I have the major trend direction correct, I cannot lose money. If I make a mistake in the short term, because of a minor retracement, then I know that I will get ALL those losses back when the market resumes its primary, dominant direction. The ONLY way to get hurt is to be wwwwwwrong on the primary trend. As a result, I have become VERY confident in my trading. .
I actually use the same approach with my trading, using weekly charts for directional bias.

Should I be worried of being thrown into the Scammers Hall Of Shame ..................

lol..


Come with me if you want to live....
  • #13,092
  • Edited Jun 15, 2015 1:38am Jun 14, 2015 11:22pm | Edited Jun 15, 2015 1:38am
Nobody has ever met him. Nobody knows where he lives. Nobody knows how to contact him.

After that my guess is that you will never hear from him again. The greatest trick the devil ever pulled was convincing the world he did not exist. And like that... he is gone.

Goodbye Jacko. You played them well.
  • #13,093
  • Jun 15, 2015 5:30pm Jun 15, 2015 5:30pm
Unreal. Just, unreal.

Neither rain, nor snow, nor sleet, nor jail sentence, nor forum moderator, nor dark of night...


"I get around. I love getting around."
https://www.youtube.com/watch?v=n83c1aFWkOs
-----------------------------------------------------

JT,

You were right and I owe you yet another steak dinner. Geepers. That's three steak dinners I've lost to you on this dude. One more time and I will have to open up a Steak House just to pay you off.
F-X-C-M | A Classic Retail Bucket Shop Scam Artist Who Manipulates Prices
  • #13,094
  • Aug 3, 2015 3:40am Aug 3, 2015 3:40am
OMG! I've been reading this thread for hours and hours and I just cannot believe it! I am a former student of this guy (I started to follow his trades back in May/09) and went into his first group of paid/private/blog (USD500,oo per year) and I learnt a lot from him, never put a cent into his fund but in my trading still use what i've learnt.
I'm really sorry for those whom lost money in his hands.
  • #13,095
  • Oct 18, 2015 1:26am Oct 18, 2015 1:26am
What a wonderful story.
It certainly holds the proof that the only way to make money in the forex is through the implementation of a well crafted scam.
  • #13,096
  • Jan 24, 2017 6:03pm Jan 24, 2017 6:03pm
Quoting hanover
{quote} Chicky, I see that none of the 9 FF members that I suggested might be Jacko aliases (back in post #12,997 (http://www.forexfactory.com/showthread.php?p=4533744#post4533744), April 2011) have since protested at my accusation. In fact none of them have posted again since that date. Seems to confirm my suspicions that Jacko planned his sting as early as June 2008, i.e. more than 2 years before he disappeared. If newbietrader101 is also Jacko, then the plan was hatched as early as Jan 2007. I remember that post (http://www.forexfactory.com/showthread.php?t=13081)...
Hanover my friend I totally agree, but I must say I too almost became a victim of Old JackO. What save me
was I got more interested in trading the Jacko way for myself instead of dolling out funds to him. In the end
it appears I dodge a tsunami in the process.

You know in the beginning I always was wondering where the PAIN came in....In Jacko's House of Pleasure & Pain.
The PLEASURE was in the winning. NOW I KNOW WHERE THE PAIN CAME IN. This taught me a GREAT lesson. WHEN IN DOUBT CHECK
IT OUT.
  • #13,097
  • Jan 30, 2017 5:53pm Jan 30, 2017 5:53pm
Quoting acetrader
I too almost became a victim of Old JackO......
Ace,

I likewise dodged a bullet. When I first started FX, I considered paying the $700 for a year's membership with Jacko, but I chose James16 instead, and gained some useful knowledge. Nonetheless, Jacko's first few posts, outlining his trading approach, made good sense to me.

I lost a relatively small amount to a fund manager (http://www.forexfactory.com/lostinspace) back in 2008. He convinced me that he prioritized risk management, and then after about 6 months of small wins and losses, had a rush of blood and lost 95% of my account on a single trade! Nowadays, I would never send investment money to anybody I didn't know personally. Apparently some FF members thought they knew Jacko well enough, to take the risk. A few of these lost a large sum of money. I feel for them. Like you say, it's a lesson for all of us.

David
  • #13,098
  • Jul 28, 2017 12:47pm Jul 28, 2017 12:47pm
bump...

hehe
  • #13,099
  • Sep 27, 2017 11:50pm Sep 27, 2017 11:50pm
Wayne Jackson back in FB 2016.....
  • #13,100
  • Oct 28, 2017 10:30pm Oct 28, 2017 10:30pm
Quoting hanover
{quote} Chicky, I see that none of the 9 FF members that I suggested might be Jacko aliases (back in post #12,997 (http://www.forexfactory.com/showthread.php?p=4533744#post4533744), April 2011) have since protested at my accusation. In fact none of them have posted again since that date. Seems to confirm my suspicions that Jacko planned his sting as early as June 2008, i.e. more than 2 years before he disappeared. If newbietrader101 is also Jacko, then the plan was hatched as early as Jan 2007. I remember that post (http://www.forexfactory.com/showthread.php?t=13081)...
Hanover,

In addition to the 9 members you mentioned that might be Jacko aliases, there is another member I am a bit suspicious about and his name is BarryPips. He mentioned he signed up with Jacko, but, in addition to that, he also went through the trouble of making a detailed 25 page PDF of Jacko's trading method (it can be found here in this thread). He seemed really into Jacko's method of trading. But the odd thing is that he only made a total of 25 forum posts and hasn't posted since September 2008. It makes me wonder why he stopped posting on this thread so quickly (and has also stopped posting at FF altogether) after going through the trouble of creating a 25 page document of Jacko's trading method and joined Jacko's trading group. In fact, the very last post he made here at Forex Factory was when he posted the PDF (back in 2008).

I don't know whether or not if BarryPips was a Jacko alias, but just seems odd he then bails out on this thread and on Forex Factory altogether so quickly ... directly after posting the PDF and signing up with Jacko's trading group.
"Trading is a mental sport." - Ziad Masri
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