The end of the US stock market is nearing | Page 84 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How close does a stock CFD match the underlying stock? 3 replies

How does the stock market affect the forex market? 4 replies

US stock market earnings results impact the Forex market 0 replies

The FX Market, the Stock Market and the end of QE2 3 replies

Will pound break 1.92? Gbp nearing it's Psyche resistance 1.92 3 replies

Attachments: The end of the US stock market is nearing
Exit Attachments

The end of the US stock market is nearing

  • #1,661
  • Edited 1:06pm Feb 2, 2021 12:30pm | Edited 1:06pm
Quoting Igrok
{quote} https://www.forexfactory.com/thread/post/12682827#post12682827

Oh , so you traded for Northstar Global Fund, which had an agreement with Orion International and you were the only one authorised to trade on the basis of that agreement huh.

Say, those wouldn't happen to be the same Northstar Global Fund and Orion International who were part of the Sterlingforex scam that was sued by the US CFTC. the Commodity Futures Trading Commission, for defrauding retail investors and misrepresenting their trading performance in order to scam them of millions by offering them suppossedly exclusive access to the "Orion International Trading Team" and their amazing returns, would they?

https://www.offshorealert.com/forums.aspx?id=19371&g=posts&t=37465

One can find much more in the PACER online system of US court judgements. It's pretty cheap to access.

Oh, and this Gary Price of Genesis Capital who signs the letter you posted in which he supposedly confirms your profitable trading record, wou;dn't happen to be the same Gary Price of the same Genesis Capital LLC who was sued by the Securities and Exchange Commission for failing to disclose significant conflicts of interest to his clients who ended up being defrauded of 350 million, would it? No, that would be too many coincidences.

https://www.sec.gov/enforce/ia-5307-s

https://www.oregonlive.com/business/2019/07/sec-gig-harbor-investment-advisor-secretly-in-cahoots-with-aequitas-banned-from-investment-business.html
You will excuse if I have some... trepidation in accepting the letter of a fraudster pursued by the SEC as proof of your trading success
  • #1,662
  • Edited 1:53pm Feb 2, 2021 1:10pm | Edited 1:53pm
Quoting Tacitus
{quote} Oh , so you traded for Northstar Global Fund, which had an agreement with Orion International and you were the only one authorised to trade on the basis of that agreement huh. Say, those wouldn't happen to be the same Northstar Global Fund and Orion International who were part of the Sterlingforex scam that was sued by the US CFTC. the Commodity Futures Trading Commission, for defrauding retail investors and misrepresenting their trading performance in order to scam them of millions by offering them suppossedly exclusive access to the "Orion...

sure I heard about Sterling though didn't trade for them... they came to me and asked for help too late and only when they were already down big time... even I couldn't save them... and I know a lot about Orion as well... they still owe me a few million bucks of incentives, which I will never get... I bet I'm one of very few traders whose actual and quite impressive trading returns had been investigated, scrutinized, fully audited and confirmed by FBI, IRS and US District Attorney simultaneously...
  • #1,663
  • Feb 2, 2021 1:53pm Feb 2, 2021 1:53pm
Quoting Igrok
{quote} sure I heard about Sterling though didn't trade for them... they came to me and asked for help too late and only when they were already down big time... even I couldn't save them... and I know a lot about Orion as well... they still owe me a few million bucks of incentives, which I will never get... I bet I'm one of very few traders whose actual and quite impressive trading returns had been fully audited and confirmed by FBI, IRS and US District Attorney simultaneously...

Is that so. Yes, too bad you couldn't save them. Oh well, at least you are saving the rest of the 'international trading community" through your advice and "education". One could hardly think of a worthier cause.

And you would still ask us to take that letter of Gary Price of Genesis Capital, who has since been sued and bared by the SEC for non-disclosure of conflicts of interest leading to clients defrauded of their funds, as proof of your profitable trading record, right?
  • #1,664
  • Feb 2, 2021 2:08pm Feb 2, 2021 2:08pm
Quoting Tacitus
{quote} Is that so. Yes, too bad you couldn't save them. Oh well, at least you are saving the rest of the 'international trading community" through your advice and "education". One could hardly think of a worthier cause. And you would still ask us to take that letter of Gary Price of Genesis Capital, who has since been sued and bared by the SEC for non-disclosure of conflicts of interest leading to clients defrauded of their funds, as proof of your profitable trading record, right?
do you have any record of me doing something bad or ever being accused of any crime or misdemeanor?... if not then just shut up... I've done nothing for being ashamed of... my trading records, including the ones presented here, are real and had been audited by a number of different US Gov agencies... now show me yours...
  • #1,665
  • Feb 2, 2021 2:14pm Feb 2, 2021 2:14pm
Quoting Igrok
{quote} do you have any record of me doing something bad or being accused of any crime or misdemeanor?... if not then just shut up... I've got nothing for being ashamed of...

No, I don't have such a record. Then again, I also don't have a credible record of you being the successful trader you claim to be, and your mostly failed calls and failed trading patterns don't exactly help in building such a record. That's not to mention your curious associations with people and companies whose names are linked to forex scams. But of course those may be just unfortunate coincidences.

No, I don't feel quite ready to "shut up" yet, but thanks for the polite suggestion.

So Gary Price's letter, the guy who got bared by the SEC for actions leading to fraud, IS the best external proof of your supposedly profitable trading record that you are prepared to offer?
  • #1,666
  • Feb 2, 2021 2:18pm Feb 2, 2021 2:18pm
Quoting Tacitus
{quote} I don't read a thread for 'advice'. Free or not. You may do. I will, however, read a thread if I choose to. And I will criticise it, if I choose to. ....
I'm not upset in the slightest by any of the banter on the FF threads that i follow, each to his own.
in fact it is quite amusing to watch the interplay of ideologies, and not in the least the tone that comes across.
healthy constructive criticism is always good, but i prefer to see it made with positive intentions.
and for sure, there are hundreds of ways to skin the proverbial cat in trading and resulting points of view.
Old Dog Kiwi
  • #1,667
  • Feb 2, 2021 2:30pm Feb 2, 2021 2:30pm
Quoting Tacitus
{quote} No, I don't have such a record. Then again, I also don't have a credible record of you being the successful trader you claim to be, and your mostly failed calls and failed trading patterns don't exactly help in building such a record. That's not to mention your curious associations with people and companies whose names are linked to forex scams. But of course those may be just unfortunate coincidences. No, I don't feel quite ready to "shut up" yet, but thanks for the polite suggestion. So Gary Price's letter, the guy who got bared by the...
just give me a single reason why I should satisfy your curiosity...
  • #1,668
  • Feb 2, 2021 2:34pm Feb 2, 2021 2:34pm
Quoting Igrok
{quote} just give me a single reason why I should satisfy your curiosity...

My curiosity about Gary Price and his credibility and association with you and your trading?

Oh, I am more satisfied when you have nothing more credible to offer as proof of your trading success, after all these years of supposed trading. I do find it quite...interesting. You don't have to reply to me with any more proof, especially when you got none. Your comments and mine are now both on record, for anyone to read and make their own conclusions. Or not. I am quite satisfied by that already.
  • #1,669
  • Edited 3:32pm Feb 2, 2021 3:17pm | Edited 3:32pm
Quoting Tacitus
{quote} My curiosity about Gary Price and his credibility and association with you and your trading? Oh, I am more satisfied when you have nothing more credible to offer as proof of your trading success, after all these years of supposed trading. I do find it quite...interesting. You don't have to reply to me with any more proof, especially when you got none. Your comments and mine are now both on record, for anyone to read and make their own conclusions. Or not. I am quite satisfied by that already.
agree... I guess anyone can also see the IFX original statement ( which you wisely chose to ignore) that rather supports Gary Price's letter to my attorney than anything else including your "guilty by association" pitch... I have never been "associated" with anyone in any way other than trading under a power of attorney agreement and have had no access to the funds in trading other than placing market orders on behalf of my clients and later collecting my incentive fees...
  • #1,670
  • Feb 2, 2021 4:07pm Feb 2, 2021 4:07pm
Quoting Igrok
{quote} agree... I guess anyone can also see the IFX original statement ( which you wisely chose to ignore) that rather supports Gary Price's letter to my attorney than anything else including your "guilty by association" pitch... I have never been "associated" with anyone in any way other than trading under a power of attorney agreement and have had no access to the funds in trading other than placing market orders on behalf of my clients and later collecting my incentive fees...
Well I have ignored the IFX statement because there is no reference to IFX on it, or to any other firm? It just looks like a doc typed on notepad, with some some amounts typed on it.

Who is this IFX and where is its name or details on that document with numbers you posted as a statement? Perhaps you could post the entire document, with the IFX logo, full name, address at the time. Are we supposed to take yours or bared-by-the-SEC Gary Price's word that those random numbers are a statement?
  • #1,671
  • Feb 2, 2021 7:46pm Feb 2, 2021 7:46pm
Attached File(s)
File Type: pdf Monthly statement sample .pdf   14 KB | 537 downloads
  • #1,672
  • Feb 2, 2021 9:26pm Feb 2, 2021 9:26pm
Impressive !
but you don;t need to explain yourself to anyone,
let alone the key board warrior trolls on this site.
its is no one's business but yours, go well!

good Trading !
Old Dog Kiwi
  • #1,673
  • Feb 3, 2021 12:24am Feb 3, 2021 12:24am
Quoting Igrok
{image}

Very interesting. So your "trading" for Northstar Global Fund LP's was done through a small UK-based spreadbetter, then named IFX Ltd and they issued this statement to you one day before they had to raise new capital, change their directors and name, in May 2002, which is also when the CFTC publicly announced that they were breathing down the neck of the Sterlingforex and Orion forex scam. What a coincidence!

By the way, other US-based parties who traded via IFX were sued by US regulators because of course they were Americans betting through a UK betting house without themselves being registered and authorised by the UK's then FSA, now FCA.

For example these guys, IMG: https://www.cftc.gov/sites/default/files/files/enf/02orders/enfimg-order.pdf

Northstar Global Fund LP was never registered with the FSA either, so its and your "trading" via IFX Ltd would have been a criminal violation too. I wonder if that is why Northstar went bust in 2002, IFX had to change its name and directors at exactly the same time as the CFTC bore down the Orion/Sterling forex scam.

You must have felt quite insecure at the time. It must have been a close call. Did you wonder whether you would end up in prison? Is that why you turned to the much safer business of selling books and doing trading "seminars"?
  • #1,674
  • Edited 6:24am Feb 3, 2021 5:51am | Edited 6:24am
Quoting Tacitus
{quote} Very interesting. So your "trading" for Northstar Global Fund LP's was done through a small UK-based spreadbetter, then named IFX Ltd and they issued this statement to you one day before they had to raise new capital, change their directors and name, in May 2002, which is also when the CFTC publicly announced that they were breathing down the neck of the Sterlingforex and Orion forex scam. What a coincidence! By the way, other US-based parties who traded via IFX were sued by US regulators because of course they were Americans betting through...
first of all, cut that legal crap... none of my business that was taken care by their legal teams... apparently I was not in the management position in any of those funds or dealing companies... I just traded for them through them ... second, are you trying to imply that the statement is a fake?...
  • #1,675
  • Feb 3, 2021 6:51am Feb 3, 2021 6:51am
Quoting Igrok
{quote} first of all, cut that legal crap... none of my business that was taken care by their legal teams... apparently I was not in the management position in any of those funds or dealing companies... I just traded for them through them ... second, are you trying to imply that the statement is a fake?...
Legal crap? Surely an experienced, professional US-based money manager like you would have known that it is a crime under US Law to trade US client funds (or your own, for that matter) through a UK-based betting house. Surely you would know that "I'm sorry, my legal team didn't tell me of this legal crap" wouldn't cut it as an excuse, before the judge?

It's basic fiduciary duty and US law stuff for money managers.

I also find it odd that a professional money manager bet money through a small-change UK betting house that used to be a sports betting firm.

Yes, it wouldn't surprise me at all if the statement was fake, given the history of the individuals and companies that you have done business with/for. I mean, has any of them NOT been in trouble with the law?

Anyway, I think I had enough fun with your supposed professional trading escapades. You can go back to making millions by trading majestic diamonds and metals (majestic diamonds, now where on earth did I come up with that, I wonder!) Anyone who wants to do more than just believe, can find enough material on this very thread to ask their own questions as to your credibility
  • #1,676
  • Edited Feb 4, 2021 1:32am Feb 3, 2021 1:22pm | Edited Feb 4, 2021 1:32am
Quoting Tacitus
{quote} Legal crap? Surely an experienced, professional US-based money manager like you would have known that it is a crime under US Law to trade US client funds (or your own, for that matter) through a UK-based betting house. Surely you would know that "I'm sorry, my legal team didn't tell me of this legal crap" wouldn't cut it as an excuse, before the judge? It's basic fiduciary duty and US law stuff for money managers. I also find it odd that a professional money manager bet money through a small-change UK betting house that used to be a sports...
hahaha... let's see who is who in our dispute:
1. not apparently a trader but an ignorant office rat like you should have known that in Chicago vs. Zelener case it was ruled by the US courts that CFTC has no authority over regulating out of exchange trading... in accordance with the law of that time the interbank FX cash transactions were regulated by "banking law" which nobody violated... that federal law was changed later thus eventually giving CFTC such an authority but I don't remember exactly what year it took place;
2. IFX was (and still is, btw) a fully legit, properly licensed and FSA (now FCA) regulated entity in UK... nonetheless, the IFX statement shown here was the last one because the funds were moved to a trading account in the Royal Bank of Canada and I continued to trade successfully directly over the bank's trading desk;
3. me and my attorney had been in contact with CFTC numerous times and they have never expressed any willingness or intent to initiate a lawsuit over those matters;
4. my returns and incomes were thoroughly audited by the IRS several times and as a result of that I got back over $40K of overpaid taxes... I signed and sent a copy of my book to their investigation team, which they gladly accepted )));
4. instead of splitting various legal hairs and throwing in your stupid and baseless accusations out of sheer jealousy, you better admit that I do in fact have a lot of experience in practical trading and, unlike a pity loser like yourself, I have been quite a successful trader... thought I don't really give a damn about your opinion and now putting you on the ignore list... ciao...
  • #1,677
  • Feb 3, 2021 4:05pm Feb 3, 2021 4:05pm
now let's get back to out business as usual... here is the illustration how a reversal single-diagonal diamond on the Boeing weekly charts looked like and how it reached its initial MOT ( measured objective target)... the red line at the bottom of the picture is the most likely medium-term target for the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: 43de1711e8801b4f84f335a28da4d8fb.png Size: 157 KB
  • #1,678
  • Feb 3, 2021 5:12pm Feb 3, 2021 5:12pm
Quoting Igrok
now let's get back to out business as usual... here is the illustration how a reversal single-diagonal diamond on the Boeing weekly charts looked like and how it reached its initial MOT ( measured objective target)... the red line at the bottom of the picture is the most likely medium-term target for the moment... {image}
thank for the newest chart. I would think we’d at least pop back up to 300 and test the point of the diamond before heading back down, but we will see.
  • #1,679
  • Edited 6:40pm Feb 3, 2021 5:26pm | Edited 6:40pm
Quoting broomstick
{quote} thank for the newest chart. I would think we’d at least pop back up to 300 and test the point of the diamond before heading back down, but we will see.
I doubt it... no time for such a BS has left as it seems... now let's compare that past diamond on Boeing charts (only its left broadening part) with current picture on the DJI chart...as we can see, so far both graphs look almost identical... since one of the basic postulates of classic TA states that "history repeats itself" then it would be logical to assume that the future price action of the DJI also might be similar to the one that we have already seen on the Boeing as well...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: caf69fbd477e5c63ce224d356e6ad335.png Size: 188 KB
Click to Enlarge Name: 731a50c9d55733bffbdeadd271136dc4.png Size: 209 KB
  • #1,680
  • Edited 3:58am Feb 5, 2021 1:14am | Edited 3:58am
Attached Image (click to enlarge)
Click to Enlarge Name: 05-02-2021 072632.jpg Size: 334 KB

legitimate rhombus or not,can it work according to your strategy
0 traders viewing now