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  • #461
  • Mar 31, 2018 4:39am Mar 31, 2018 4:39am
This, again? Sigh..

After a long period of consultation and research, ESMA reached the conclusion that allowing up to 90% of European based gamblers, to lose up to €30k each inside three months, due to principally the misuse and misunderstanding of excessive leverage, was unacceptable. They then took the right decision to lower leverage in an effort to discourage the hopeless, reckless gamblers.

ESMA know that retail FX is gambling and that it is a bit of a joke, but they don’t want to kill people’s freedom, similar to how recreational gamblers and losers should be allowed to gamble: on horses, in seedy casinos, online playing poker, bingo whatever...

You’re reaching for the tin foil hat at every opportunity here, desperately trying to find an agenda or conspiracy were none exists. I’m surprised, given that you attempt to project an air of success, why the decision has bothered you so much and why you’d align yourself with the $200 account size, 1:500 leverage mob. Actually on reflection I’m not surprised, it’s now obvious why you closely align yourself with such a cabal of failure...

Quoting michaelpelly
{quote} I agree. And I never objected this (despite Spreadbetter defines me as “delusional” :-) ). My only irritation of ESMA is the definition they use to justify this regulation - “to protect retail traders”, ... real? :-). Why they just did not say “In order to do FX trading brokerage account need to be limited to 30:1 leverage”. Period! Well defined and clear - if one can sustain such trading - fine, if not - one will move to other business or areas.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #462
  • Mar 31, 2018 4:49am Mar 31, 2018 4:49am
Quoting Spreadbetter
This, again? Sigh.. After a long period of consultation and research, ESMA reached the conclusion that allowing up to 90% of European based gamblers, to lose up to €30k each inside three months, due to principally the misuse and misunderstanding of excessive leverage, was unacceptable. They then took the right decision to lower leverage in an effort to discourage the hopeless, reckless gamblers. ESMA know that retail FX is gambling and that it is a bit of a joke, but they don’t want to kill people’s freedom, similar to how recreational gamblers...
Ok. I stop cause no winning will come out of this .
  • #463
  • Mar 31, 2018 5:18am Mar 31, 2018 5:18am
Quoting Spreadbetter
...You’re reaching for the tin foil hat at every opportunity here, desperately trying to find an agenda or conspiracy were none exists. I’m surprised, given that you attempt to project an air of success, why the decision has bothered you so much... {quote}
Honestly - this decision is ultimately not going to affect my trading. And it even may prove the right one - who knows.

But you can consider yourself lucky that you (neither your parents) did not spent years in overregulated economy model where everything was done “for the good and to protect people” - even the empty stores and economic disasters.

So whenever the E.U. authorities come up with some honest BS that makes absolutely nonsense to me, but seved “for the good of the people” - my BS detector goes boom. I just do not realise why E.U. is self turning itself into communism economic model. Much like the failed USSR states. And you above all should realise - wasn’t it that U.K. decided by vote to leave the union...?
  • #464
  • Mar 31, 2018 5:37am Mar 31, 2018 5:37am
Quoting OnlineAddict
{quote} The problem is that these things always begin slow...to test the waters...once 1:30 is a done deal...whats next? 1:10 can be next, then 1:5 and eventually leverage will be gone.
Exactly - like rough, unlubricated prison sex )))) - until you realise what is going on - the damage is done! )))??
  • #465
  • Mar 31, 2018 6:21am Mar 31, 2018 6:21am
they should impose NBP to any MM broker in the world.. problem solved.
  • #466
  • Mar 31, 2018 7:14am Mar 31, 2018 7:14am
Quoting HeyYou
they should impose NBP to any MM broker in the world.. problem solved.
When it comes to NBP an unfortunate (overleveraged) CHF trader during the floor removal is one thing, but a trader that deliberately exposures his account during important news weekends is a totally different story. Despite the clear difference, a broker needs to cover the loss for both of them when complied to NBP conditions. I honestly wonder to what extent brokers are obliged to NBP for that matter.
  • #467
  • Mar 31, 2018 7:25am Mar 31, 2018 7:25am
Quoting Spreadbetter
There's only one reason that it's only the hopeless gamblers lashing out and gathering to bleat like sheople over this decision; they have no money to trade. You represent more of the roadkill failure and judging by your unhinged and delusional 'advice' on how to trade a couple of years back, you obviously crashed and burned early and are still hurting. The pathological liars on trading forums generally over exaggerate their success in order to attract support in order to sell a product of service. I never discuss my gains, my trading technique,...


You know what? The reason I confronted you on here: Because of the way you try to belittle others.

And here you are again insecure as ever trying to validate yourself, as you do in nearly all your posts. No one cares what you do, what you've done, and how long you've been doing it. Even if any of it is true, which is doubtful to say the least.

And FYI you know nothing about me or my trading, yet you've made some wild assumptions.

There are thousands of ways to make an amazing living trading, your way is not the only way. So stick with your pivot points and I'll give them a miss.
  • #468
  • Mar 31, 2018 7:35am Mar 31, 2018 7:35am
Quoting Robertk
{quote} When it comes to NBP an unfortunate (overleveraged) CHF trader during the floor removal is one thing, but a trader that deliberately exposures his account during important news weekends is a totally different story. Despite the clear difference, a broker needs to cover the loss for both of them when complied to NBP conditions. I honestly wonder to what extent brokers are obliged to NBP for that matter.
I was talking about marketmakers (MM)..
  • #469
  • Mar 31, 2018 8:04am Mar 31, 2018 8:04am
The reason you got arsey and fell out of your pram, is that you recognise yourself in my description of failed traders/gamblers/wanabee trainee millionaires. “Know nothing about you”, as you’re a nobody, know nothing? Yeah, righto, you’re just part of the 96% delusional roadkill on here...

How’s that scalping, on a retail platform, with a tight stop, whilst ignoring fundamentals working out for ya? You complete dickhead.

Quote
Learn to scalp with tight stop, not only is it the safest but can also be the most profitable in the long run. Stay away from news and announcements as the markets are a minefield during these times. Good luck.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #470
  • Mar 31, 2018 8:07am Mar 31, 2018 8:07am
Oh FFS, you’re now not concerned that you can’t earn the average Bulgarian wage of 15k from trading your seven accounts with a grand each in, it’s suddenly a wider political issue, concerning the phantom extreme left, creeping socialism and statism you’re concerned about. Do yourself a favour and stfu. You’re an embarrassment.

Quoting michaelpelly
{quote} Honestly - this decision is ultimately not going to affect my trading. And it even may prove the right one - who knows. But you can consider yourself lucky that you (neither your parents) did not spent years in overregulated economy model where everything was done “for the good and to protect people” - even the empty stores and economic disasters. So whenever the E.U. authorities come up with some honest BS that makes absolutely nonsense to me, but seved “for the good of the people” - my BS detector goes boom. I just do not realise why E.U....
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #471
  • Mar 31, 2018 8:22am Mar 31, 2018 8:22am
Quoting Spreadbetter
Oh FFS, you’re now not concerned that you can’t earn the average Bulgarian wage of 15k from trading your seven accounts with a grand each in, it’s suddenly a wider political issue, concerning the phantom extreme left, creeping socialism and statism you’re concerned about. Do yourself a favour and stfu. You’re an embarrassment. {quote}
Well, I’m sure of one thing - only 9 to 5-ers are so frustrated in life to insult everyone. I’m at least 3 levels above you in the social food chain - for starters I have my own business and I do not have to catch the train to London to warm the chair 8 hrs to get the pay check. I’m quite sure that my gross income is more than yours and considering standard of living difference between our countries - I’m a billionaire compared to you. So - do yourself a favour and stop embarrass the great nation of Britain.
  • #472
  • Mar 31, 2018 8:23am Mar 31, 2018 8:23am
Quoting Spreadbetter
The reason you got arsey and fell out of your pram, is that you recognise yourself in my description of failed traders/gamblers/wanabee trainee millionaires. “Know nothing about you”, as you’re a nobody, know nothing? Yeah, righto, you’re just part of the 96% delusional roadkill on here... How’s that scalping, on a retail platform, with a tight stop, whilst ignoring fundamentals working out for ya? You complete dickhead. {quote}
Ah, look at the little boy, bless him. You're hurt because you’ve been owned, so suck it up, man up, move on.
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  • #473
  • Mar 31, 2018 9:18am Mar 31, 2018 9:18am
Quoting Spreadbetter
Yep, we gamble, with an edge.. — When I first traded I refused to call my trade "a bet" now I do and tbh it's quite cathartic. It's a bet, it's a two horse race, but once you pull the trigger you have to accept you have absolutely no idea what the outcome is.{quote}
Quoting Spreadbetter
Good thread. Well done for sharing. Have built my own edge, developed principally around HA, for approx 3 years now. I only trade off 12 hr chart and the dailys and use the dmi plus psar as 'filters'/increased confirmation..dmi adjusted to 21/25.. The benefits are massive, can't emphasise how trading less equals more, however, as an example on eur/usd I've only taken one short one long since 4th July 2012 and my typical stops are the high or low of where I believe is the trend turning point, can be as much as 200 pips and I don't use trailing (dynamic...
This shit is golden! 25 years market experience. Hahahaha. You are a fraud!!!
  • #475
  • Mar 31, 2018 9:40am Mar 31, 2018 9:40am
You’re obviously mentally unstable and still sore after being handed his arse. Both quotes stand the test of time. The first relates to accepting that you have no control over what happens next and don’t need to in order to make money. Accepting that you’re betting on markets, as opposed to “placing a trade” is a mental approach I’d advise all traders to adopt, amateur useless dreamers and wannabe Jason Belfort, unhinged, failures such as you, or anyone taking a more professional approach.

Secondly, having tested (as a group and individually) every indicator and combination created, I/we came to a similar view as Charles Le Beau a couple of decades back, only the DMI/ADX can be used as a consistent method to enter and exit swing trades. And using the PSAR correctly, to adjust stops, as the market moves in your favour, is another extremely effective swing trading method.

Unlucky, you sad beaut, keep trawling though, if it’s occupational therapy to be obsessed by me, whilst you’re getting pissed, then knock yourself out.

Quoting waxcrayon
{quote} {quote} This shit is golden! 25 years market experience. Hahahaha. You are a fraud!!!
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #476
  • Mar 31, 2018 9:45am Mar 31, 2018 9:45am
Quoting Spreadbetter
You’re obviously mentally unstable and still sore after being handed his arse. Both quotes stand the test of time. The first relates to accepting that you have no control over what happens next and don’t need to in order to make money. Accepting that you’re betting on markets, as opposed to “placing a trade” is a mental approach I’d advise all traders to adopt, amateur useless dreamers and wannabe Jason Belfort, unhinged, failures such as you, or anyone taking a more professional approach. Secondly, having tested (as a group and individually) every...
Sorry mate, I was only dicking around, you don't need to explain yourself.
  • #477
  • Mar 31, 2018 10:13am Mar 31, 2018 10:13am
Quoting Spreadbetter
You’re obviously mentally unstable and still sore after being handed his arse. Both quotes stand the test of time. The first relates to accepting that you have no control over what happens next and don’t need to in order to make money. Accepting that you’re betting on markets, as opposed to “placing a trade” is a mental approach I’d advise all traders to adopt, amateur useless dreamers and wannabe Jason Belfort, unhinged, failures such as you, or anyone taking a more professional approach. Secondly, having tested (as a group and individually) every...
Well, well - I’m really glad when you actually say something of worth in this forum. You know that most of those indicators originate from the engineering book “Signals and systems” where the mathematical discretisation of physical systems (electricity, magnetism, motion) is one of the main topics.
  • #478
  • Mar 31, 2018 1:55pm Mar 31, 2018 1:55pm
Some person is talking testing all combinations. I don't believe he have skills or access to powerful supercomputer.
Calculating all combinations is too much for abacus

https://en.wikipedia.org/wiki/Combinatorial_explosion
  • #479
  • Mar 31, 2018 2:57pm Mar 31, 2018 2:57pm
My research supports Charles LeBeau’s earlier work and findings, recorded in his 1992 book, a link is below.

I only ever suggest using the one indicator DMI/ADX technique, using PSAR to adjust your stop only, for position trading your gains and currency reserves (which you don’t require for margin) or your savings, a situation I've mentioned many times previously.

But you won’t see much gains in my experience, as a money manager/fund manager the crude technique can be perhaps used as a hedge, or to ensure that you’re earning interest on your savings, for example staying long Swiss France since 2008.

But let’s not get you easily confused here, for active traders I’ve only found one method that can work consistently down the years, and that involves pivot points. But there’s a catch; pivot point trading, with highly consistent success measured over years, requires the use of institutional level access; spreads, liquidity, platforms, therefore retail has very little chance of emulating that success consistently.

So we come back full circle, according to my research 96% of retail punters lose and again (according to my records, data and research) you have a 0.1% chance of taking a 25k living out of this market. And those that I witnessed achieving 25k were not consistent, one year yes, next year no and most who profited had accounts of circa 100k and didn’t fixate over leverage.

Which is is why I’m pleased ESMA is forcing amateur foolish gamblers out of an industry they shouldn’t be dabbling in. I hope they take on board my suggestion, which was to have a landing page, forcing clients to tick a box every time they load their platform or access a broker site, to ensure they understand the risks and know that the likelihood is that they’ll be part of the 90%+ losers.

https://www.amazon.com/Technical-Tra...s&pageNumber=1
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #480
  • Edited Apr 1, 2018 9:33am Mar 31, 2018 3:49pm | Edited Apr 1, 2018 9:33am
Quote from, SP "Secondly, having tested (as a group and individually) every indicator and combination created,"

How can test one indicator as group, and every indicator if using one indicator.

Le Beau has his merits, SpreadBeter don't have own. Or he have, insulting people and collecting management fees from poor performing fund.

If you really know something about Le Beau works, you should know he is friend of Van Tharp. Van Tharp have better metrics for strategy developers.
But you are recommending people use Sharpe Ratio, which don't have no value. https://www.forexfactory.com/showthr...1#post10920411
If somebody from D.E Shawn or Prediction company like Farmer Packard. read your sharpe ratios or those links to quant pages, they will die for laugh.
You wrote post, you was calculating, indicators by hand and using plotter 1992. and receiving sell buy signals by fax.

I can remember using symbolics, silicon graphics, IBM aix ,SAIC Neural network cards, telerate terminal and printers.
You are over 20 years late shouting machine learning, big clown.


You and LeBeau reasearch how you dare write you have come same conclusion what LeBeau and we.

I think your knowledge of developing working strategies is null, and BS. and Your skills in Fund, Manager is garbage and you belong those 90% who is loosing clients money. Funds are not making money for they clients they just suck clients money and you know that well. they don't care about how much profit fund do, only how much can rip off.


As a Succesfull Money Manager and Fund Manager, why you need to come forexfactory read news as you say.
Why you don't read them from pro terminals Bloomberg,reuters . and if you have been succesfull 25 yrs why you are not in forbes 10000000 list, most rich, with Ray Dalio. 2012 you wrote you made 60% and if you do that every year.
You do sailing and have villa Portugal and Sardinia. and you do hill climbing. maybe climbing, hope you got invitation Pippa Middletons weddings.

You have credit from your former employer, so sad I almost cry.
https://www.forexfactory.com/showthr...4#post10920254


Perry J Kaufman also living legend
http://kaufmansignals.com/february-2...rmance-report/
can show his track record for 2018. not 1992.

I rather recommend his books, if have to.

Questions are rhetoric.

and by the way I know also something about LeBlaus methods, i have his trade station stratgies collecting dust looong time.
and i was disapointed , he didnt show forward results, and backtest was less than 100 traders, most of the quants know have to be at least 300 trades, any kind of statistical significance.

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SP You can bark like a Dachshund who thinks its a wolf. and we rest in this forum are stupid retail traders.
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