Profitable Bank Trading System

Dear hilmy83, it's sad there is nothing I can do to restore your confidence in Fx. You have already bade Fx GOODBYE! I have noticed you on several occasion calling Fx a TOTAL SCAM! I think there is no point discussing any issue bordering on Fx with you again. I will rather save that for those who yet have faith in Fx Trading.

I wish you the best of luck in your new found field of endeavor!

Nuggets of wisdom...

Today's top Ten performing currency pairs...

Greetings to all, this is my first post in FF ever. Joined some months ago, but haven´t contributed, yet. Seems I am shunned from receiving/sending private messages just due to that fact?

Dear ruedigold,

Thanks for making your first post ever on FF here! I would be glad to freely be of help to you if you have any evidence of live trading experience. While you may not be able to send or receive any private message for now as a new member on FF, you can leave your e-mail here, I will sure get in touch with you. Best of luck!

Hi there, you sound like a cool dude. Would you mind sharing your trading views/ideas in my thread as well?
https://www.forexfactory.com/showthread.php?p=10549199

At your convenience of course.

Thanks most sincerely MoneyFocus for the invitation. However, I may not be able to honor that at the moment thanks to the fact that I am really time-pressed. Trading takes a good part of my time, and weekends like this are dedicated to free mentorship/training of willing & qualified subscribers around the world. I wish you and yours the best of luck!

Nuggets of wisdom...

Subscriptions?

Nuggets of wisdom...

I'll make my one allowed post here before getting banned.

The OP is right about one thing. There are (ex-)bank/institutional traders who have the knowledge, experience and information necessary to extract money from the markets almost at will, i.e. barring the 'unexpected'. I wouldn't have believed this except that I attended a workshop run by such a trader back in August. Retail traders however, are at a significant disadvantage because they lack not only expertise, but also institutional information sources, dealing speed, rates and costs.

Regarding the equity curves posted in the threads like this: anybody can fake performance, especially in the short term, and newcomers are easily fooled. If somebody claims to have been coached by a bank/professional trader, then in my opinion a much better test would be to ask them to explain some of the following topics, and how to apply the concepts profitably: why value is a leading indicator, and how to recognise and measure it; STV vs LTV; bull and bear traps; strong and weak hands; squeeze trades; c-liquidity and paycheck liquidity; floors and ceilings; volume cycles; POC; stopping volume; absorption; successful and failed auctions; buyers and sellers auctions; how to read NOFT, bookmap, footprint charts; COT 'secrets'; CME group open interest; measured moves; contango and backwardation; steepeners and flatteners; curve logic and effect on inflation and interest rates; central bank open market operations; market breadth, VIX and TRIN; market cycle phases; BAC_REITS; bankers margin; bond auctions, yield bid to cover; puts and calls ratio and skew; risk on/off; intermarket relationships and dependencies; how algos hunt liquidity; market makers and liquidity; global currency correlations; curve yield spreads; event risk; RBOB, crack spread, and refiners margin; crush spread; sticky and slippy; institutional scalping; gamma scalping; volume and delta; yield rotation; Merrill's trade; covered calls; how to trade options spreads on highly correlated instruments; profile taper; equity index arbitrage; three tick back pressure; why RR is nonsense; the limitations of TA; etc etc. These were some of the topics covered in the workshop that I attended. Another thing I gauged was that it would likely take at least 6-12 months of additional intensive coaching for me to get a reasonable handle on all of this, and have any chance of applying parts of it profitably. There is nothing 'KISS' about advanced institutional trading methods.

Hence my challenge to anybody who claims to understand institutional trading is to prove your topic knowledge, rather than posting a few near-meaningless performance curves.

I would also be wary of anybody who spends a lot of time trying to justify themselves by defending trivial criticisms, or by merely posting fluff. The professional traders that I've communicated with over the years simply go about the business of generating income for themselves; they care little about the opinions of amateurs and forum wannabes. Most of them don't even bother with trading forums like this one.

Dear Hanover,

Could you please answer this question... are you a Forex Trader? If yes, could you please post your Trade Explorer (TE) Screenshots here (Demo or Live)? While all you have written above sounds good for head knowledge, they are practically useless as far as the Fx Market is concerned! Many have taken to all you have said in the course of pursuing Schooling (Pseudo-education) at the expense of real education which starts from the cradle and ends in the grave. I couldn't have agreed more with your view on the fact that Professional Traders do not have time to make post on forums like this... that of course is the reason I don't have as much 68 Threads on Forex Factory, just like you do!

While the purpose of this thread stands unmistakable as defined by it's Mission and Vision, I will advise you to stop promoting the conspiracies of the Banking World, orchestrated to confuse the uncultured mind so as not to let them know how the economic machines work -- as such making them vulnerable to the conspirators. As long as you, Hanover, hold onto these opinion of majoring on the minor and minoring on the major, you may never make a successful Fx Trader!

Don't be deceived, the making of great traders has nothing to do with all you have mentioned, but has everything to do with your ability to identify trends and take advantage of the prevailing trends (i.e. making the pips and keeping the pips)!

I wish you the best of luck in all your endeavors.

Kind regards,

Jecklom

Hallo jecklom,
thanks for understanding. I would appreciate you contacting me.
tuvalu4444 at gmail.com. Rgds.

BTCUSD now trading at $11,600+... next possible target of $12,000 in view!

Of course he is. And probably he is not a bad trader, at all. Hanover is also a very nice guy. At least in my eyes.

But he does not understand hedging...

Above all, his favourite topic is none of the the listed items above. His favourite topic is called... Pepperstone. The 68 treads are all about that!:-)))

Dear MoneyZilla,

I honestly appreciate your wittiness!

Undoubtedly, the Financial Markets is a vast market consisting of the Capital Markets, Commodity Markets, Money Markets, Derivatives Markets, Futures Markets, Foreign Exchange Markets, etc. There are many out there who know everything about the theoretical aspects of these markets but know absolutely nothing about the practical aspects of the same markets! I have met with several supposed Financial Experts who cannot man a Trading Platform... these crop of people are often paid by the conspirators to confuse the uncultured minds in order for them not to discover the secrets of taking full control of their financial future. Sadly, we have quite a number of such people here on FF.

However, I choose to remain committed to the Mission and Vision, regardless.

Do have a great week ahead!

Kind regards,

Jecklom

Nuggets of wisdom...

Being new to institutional trading methods, I don't need to prove anything. And I'm not the person who claims to have the '100% guaranteed system'.

You want me to post a performance curve? Which one would you like to see? The phony backtest, the cherrypicked demo account, the one that uses unsustainable MM, the one that's been created by the br0ker plug-in that generates bogus orders, or the one with the carefully edited images? As I said, it's all worthless. Hucksters fake this stuff all the time to sell their systems to gullible newbies.

Anyway, if you have bank/institutional experience, you'd easily be able to pick a few of the topics that I listed, and write a short essay explaining some specifics HOW and WHY they can or can't be used profitably......... regardless of whether they are powerful trading concepts, or merely "conspiracies", as you allege. As the saying goes: great minds discuss ideas, small minds discuss people.

The ball is in your court. Feel welcome to ban me, this is my last post in your thread anyway.

LOL, find a thread of mine with the word 'Pepperstone' in the title. Anyway, I thought my favorite topic -- apart from telling folk repeatedly that I'm no longer willing to code their indicators or troubleshoot their EAs -- was debunking MM systems that are mathematically doomed to fail (like martingale....... and same-pair h**ging........ )

I know you! You are the smartest guy around! You do know perfectly well where exactly the pepperstone thing goes! Lets just keep it in betwen us two!:-)))

I think, this is the best online marketing I have witnessed on a forum. And I come from an industry where a lot of spam and fake reviews are just industry standards. It is not as bad as the "market news" on reuters/bloomberg/cnbc/ext are. But still...

Never seen anything as half good as provided by you here! You have my respect for that! (bow) :-)))

Dear Hanover,

It is important that you keep focused on your career as a programmer. It is obvious you have never in your entire live traded a Live Account with any Broker in this World! Why not stay on the side line you have chosen to all these years and keep watching still while we do the trading!

By a way of information, as a Trader we do not waist our scarce time resources proving theories like you Programmers will do! We focus on making the pips and keeping the pips.

Having said that, I will like to remind you of what this thread stands for... if you can't make any useful contribution, you are please advised to take leave.

Kind regards,

Jecklom