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- Longshot replied Dec 15, 2021
LOL. It's safe because they admit something that....everyone knew already? If it's that safe, they wouldn't be shielded from lawsuits.
- Longshot replied Feb 12, 2015
I agree. Those who have exhaustively studied financial markets have shown that some strategies may work: momentum, trend-following, seasonality, mean-reversion (in limited cases). There's not a shred of long-term, statistically-significant evidence ...
- Longshot replied Jan 22, 2015
As a trader, real estate investor and entrepreneur, I can attest that Dodd-Frank is nightmare of "unintended" consequences. Maybe you don't see it in your gummint job, but it's great example of clueless bureaucrats doing what their worst at. And it ...
- Longshot replied Jan 20, 2011
Enough said. Not a shred of proof that you've been profitable for the last 3 years. I've seen very similar systems (complete with rapid-fire posting from somoene who "doesn't have time" to verify their claims) for over 5 years on forums. I just ...
- Longshot replied Jan 20, 2011
With all these grandiose claims, I look forward to you backing them up with sanitized account statements for the last 3 years and a myfxbook account. I hope the newbies searching for "easy pips" will expect the same...
- Longshot replied Oct 5, 2010
Amazingly (or not), the same Dodd-Frank bill that goes after the small retail trader (who had nothing to do with the 2008 financial crisis) didn't touch Fannie, Freddie, the Fed or the leverage of "too big to fail" financial institutions (all of ...
- Longshot replied Aug 31, 2010
No? LTCM, Barrings Bank, all kind of traders and big firms in 2007-2008. No offense, but have you been in a cave the last few decades? Small traders blowing accounts takes care of itself. It's not dangerous to the financial markets.
- Longshot replied Aug 31, 2010
Only a few people "voted in" aren't either committed nanny statists or sold out to some interest (biased industry, union, etc.) The alternative is to vote for non-career politicians who put basic liberty and property rights at the forefront. How to ...
- Longshot replied Aug 31, 2010
Very true. And not one of the thousands of pages of the financial deform bill touched the Big 3 F's of the financial meltdown: Fannie, Freddie and the Fed. Instead, they stepped up "too big to fail" and are going after retail FX traders and others ...
- Longshot replied Aug 20, 2010
Bottom line -- those who are succesful with EAs quietly sit through the ups, downs, tweaking, re-evaluating and profits. The rest make post like the one above. It's pretty much the same as any form of trading. Those who aren't successful make ...
- Longshot replied May 11, 2010
Your screen name is fitting. Some of us actually know how to use 100:1 to profit and control risks, however, so why don't you take your uninformed rants to a political forum? (You've obviously never worked for the government, either, else you'd know ...
- Longshot replied Mar 14, 2009
Thanks for the reply. Your system is interesting and I wasn't trying to attack it. I was just cautioning people about their expectations. Like I said, this year has been pretty good for countertrend trading. Last week was certainly not a "worse case ...
- Longshot replied Mar 13, 2009
One note of caution: the FX markets have been rangebound and ideal for this kind of trading in 2009. I've noticed a renewed interest in various Martingale/grid systems on another forum. Unfortunately, I tested several and all either blew accounts or ...
- Longshot replied Dec 21, 2007
The problem here isn't that JohnW shared his system (a nice thing to do) or that people are interested in it. The problem is the claim of 97% winners. Now, no one wants to even test that claim in this folder? Some have said they'd be happy with 70% ...
- Longshot replied Dec 20, 2007
Yeah, I'm not even on this bandwagon but I suggested a setup. I thought a "true believer" would give the trade specifics so they could start the next run of 235 out of 240 winners (or whatever the claim was). Instead, I see people making wishy-washy ...
- Longshot replied Dec 19, 2007
I'm very much a skeptic of the 97% claim, but the system does look interesting. For those following it, look out for a potential setup going short the USDCAD. Seems to meet the daily trend requirement (50 and 100 EMA), and it needs to break a low ...
- Longshot replied Dec 18, 2007
So Bollinger, et. al. are all scams, but with no testing, proof or any other shred of evidence, we've decided the Holy Grail is right before our eyes. Amazing! I'm not a big fan of Bollinger or his bands, but he's managed money for years. You can at ...
- Longshot replied Dec 18, 2007
Let's recap: 1. Someone makes the following claim: "I have had 6 losses in the 240 trades taken since I started using my method. Unquestionably, it is the Holy Grail (and they say it doesn't exist - HA!)." 2. Others ask for proof (account ...
- Longshot replied Dec 18, 2007
Agree. Or I'd like to see John W make live calls. I don't think we can judge his system by others making calls, since it seems to be quite discretionary. But if John makes the calls or posts his statements, maybe he can make more of us believers. I ...
- Longshot replied Dec 18, 2007
I don't think it passes the daily trend test, though.