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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #50,541
  • Mar 22, 2022 10:29am Mar 22, 2022 10:29am
May I get an invite to the Discord channel please?
  • #50,542
  • Mar 23, 2022 6:56pm Mar 23, 2022 6:56pm
Quoting paulsimon
May I get an invite to the Discord channel please?
Visit my user profile
Luck has no place in trading. Leave that for the poker table.
  • #50,543
  • May 30, 2022 8:03am May 30, 2022 8:03am
I see that Mr. Pip's membership was revoked from Forex Factory...and with legitimate reason.

I have also permanently banned him from my free community of traders... I gotta protect from con artists, scammers, whatever you want to call it.

Why? --> https://www.cftc.gov/PressRoom/PressReleases/8531-22
Attached File(s)
File Type: pdf enfdcastcomplaint051722.pdf   227 KB | 726 downloads


So, if you read through the entire document, you and I can see why he was first moved to commercial and then revoked.

Luckily, I don't trade like him and never took him up on some of his recent offers to me. Never let someone trade your own money for you. Learn the skills and trade for yourself.

Also, when FF moves someone to commercial or revokes their membership, they obviously have some knowledge that the rest of us were late learning about.
Luck has no place in trading. Leave that for the poker table.
  • #50,544
  • Jun 1, 2022 11:06am Jun 1, 2022 11:06am
I have had this gif saved for way too long now.

Attached Image (click to enlarge)
Click to Enlarge Name: DamianoSTOPFILLED.gif Size: 50 KB
  • #50,545
  • Jun 1, 2022 12:26pm Jun 1, 2022 12:26pm
Quoting Pair-me-up
I see that Mr. Pip's membership was revoked from Forex Factory...and with legitimate reason. I have also permanently banned him from my free community of traders... I gotta protect from con artists, scammers, whatever you want to call it. Why? --> https://www.cftc.gov/PressRoom/PressReleases/8531-22{image} So, if you read through the entire document, you and I can see why he was first moved to commercial and then revoked. Luckily, I don't trade like him and never took him up on some of his recent offers to me. Never let someone trade...
Thanks for sharing this man. This looks disturbing.
  • #50,546
  • Jun 2, 2022 10:39am Jun 2, 2022 10:39am
that's sad... were these millions worth it? idk but Mr Market could give millions too... that's my opinion.
  • #50,547
  • Jun 3, 2022 5:03am Jun 3, 2022 5:03am
"Defendants deposited only a small portion of pool participants’ funds for their
intended purpose of trading futures—only $105,000 of the over $3.4 million received. Yet
Defendants ultimately withdrew over $50,000 from trading accounts for personal expenses and
to make Ponzi payments."

Damn! here we were thinking he traded over $700k live account, little wonder the $5k account wasn't profitable. Though I learnt a lot from his market structure teachings, this goes to show that everyone in this business has to be subject to scrutiny. FF was way ahead of us.
  • #50,548
  • Jun 4, 2022 2:33pm Jun 4, 2022 2:33pm
Quoting BlacMoni
"Defendants deposited only a small portion of pool participants’ funds for their intended purpose of trading futures—only $105,000 of the over $3.4 million received. Yet Defendants ultimately withdrew over $50,000 from trading accounts for personal expenses and to make Ponzi payments." Damn! here we were thinking he traded over $700k live account, little wonder the $5k account wasn't profitable. Though I learnt a lot from his market structure teachings, this goes to show that everyone in this business has to be subject to scrutiny. FF was way ahead...
You're welcome to visit my discord if you like.. the link is on my FF profile.

And the defendants trying to trade 105k and ending up with 50k..... well that is what I thought it was saying.. still homie didn't have the skills to pay the bills. Well he had the con artist skills. lol Am I too mean?
Luck has no place in trading. Leave that for the poker table.
  • #50,549
  • Edited 9:21pm Jun 7, 2022 12:05pm | Edited 9:21pm
Quoting PeterT
I may not speak for everyone. I may be a bit naïve I don't know. Let's not forget he made 120+ videos for us and has been very active helping people in the thread. He gave valuable pieces of information, he pointed the direction to harmonics and Scott Carney, he pointed to Lance Beggs etc.. Maybe he wasn't profitable, but he learned us what he had learned in his quest for profitability. We could have found this info somewhere else, but he summarized it and made videos about it. Profitable or not, many of us were already doing their own thing with...
Remember.. he made videos for the intent of enticing newbies. You are not wrong, that he used Scott Carny and Lance Beggs info.

I tried to teach Mr. Pip some things when I could through skype. Some of his videos do make quite a few mistakes when teaching price action. Like his bar by bar and for his supply / demand boxes, he never explains his logic about them. He said it and many things are subjective.

It is good that you got something good from him. Around the time I found this thread, and another one on harmonics.. I just wanted to be around price action traders. So, the thread provided that to some extent.

But in the end. Damian Stabbed many victims in the back by conning them out of their money. Some of that money could have been someone's life savings or retirement fund. I just don't have any sympathy for scammers / con artists. They are heartless. But like a good con artist.. he was good at playing the long game with this thread.

As for me on this thread.. Some traders would get upset at me, when they would see my trades and wanted to know how I got them. I would just tell them to watch those videos.. while knowing the videos wouldn't help them get the answers they wanted. Why did I do that? Because this wasn't my thread and on one of Damian's live streams, he was asked who on his thread was qualified to help others when he wasn't around. He basically said no one but himself.

In hindsight, I regret teaching him some cool stuff on skype knowing now that he was conning naïve victims. Anyways... he got caught be the authorities and it is too bad that there are those that are heart broken by this. But if those traders made great progress, then they would know that his skills were not extra ordinary.

Yes, he was friendly to me, sometimes.. but as I mentioned.. weeks ago, he tried to ...make some offers to me. Unfortunately for him, I am debt free and not easily enticed by material things that I can get for myself. Cars, airplanes, whatever... Like he thinks he is the only one. At least what most traders like you and I have that is important, is getting the money honestly and not hurting people or possibly making them lose their life savings, etc with what Damian did to them.

What a pity.
Luck has no place in trading. Leave that for the poker table.
  • #50,550
  • Jun 8, 2022 2:31am Jun 8, 2022 2:31am
Quoting Pair-me-up
{quote} Remember.. he made videos for the intent of enticing newbies. You are n...
I don't know why I defend him. Old habit I guess.
Like I said I may be naive.
I always try to see the good in people.
That's a very dangerous characteristic.
Should have kept my thoughts to myself.
Deleted the post.
Not that it matters. I am no one
  • #50,551
  • Jun 8, 2022 5:39am Jun 8, 2022 5:39am
Quoting PeterT
{quote} I don't know why I defend him. Old habit I guess. Like I said I may be naive. I always try to see the good in people. That's a very dangerous characteristic. Should have kept my thoughts to myself. Deleted the post. Not that it matters. I am no one
I also like to see the good in people. But you are right that it can be dangerous. And you are not a no one. You are a someone.

In society there are all different types. We need people like you that see the good. Just be a cynical optimist and you will live a longer and happier life. I hope you know what I mean. lol
Luck has no place in trading. Leave that for the poker table.
  • #50,552
  • Jun 15, 2022 6:53pm Jun 15, 2022 6:53pm
Shattered.

I defended him with many words.

The thing I dislike the most is the part about making free training videos/tutorials because there is so much BS in the industry, a repeated anthem.

The colour of money can be truly cold.
Attached Image (click to enlarge)
Click to Enlarge Name: ColourOfMoney.png Size: 562 KB



PS
Apologies FF, not dead but rather more alive than expected.
As the lights go by so too do the shadows move
  • #50,553
  • Jun 15, 2022 9:24pm Jun 15, 2022 9:24pm
Quoting Matts Micro
Shattered. I defended him with many words. The thing I dislike the most is the part about making free training videos/tutorials because there is so much BS in the industry, a repeated anthem. The colour of money can be truly cold. {image} PS Apologies FF, not dead but rather more alive than expected.
Many defended him with words.


Here is a ancient Japanese proverb...= free is the most expensive.

Near the beginning of the year, some traders from some different discord channels, skype, etc, asked me to start my own discord to explain how I traded.

Some other discord channels that were promoting prop firms and holy grail indicators banned me, when I started posting winning price action trades with no indicators. lol.. So, it was mainly traders from these types of places that were asking me to teach them right in the open of those channels. So, you can see that there are some traders that actually know how to trade. I have free tutorials, but that doesn't mean anyone who reads them will understand them. lol

You are right that there is a lot of b.s. in the industry.
Luck has no place in trading. Leave that for the poker table.
  • #50,554
  • Jun 22, 2022 6:01am Jun 22, 2022 6:01am
I'm a newbie
is this a valid gartley pattern ?
welcome comments
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM30.png Size: 17 KB
-Fill your head with knowledge - Arief -
  • #50,555
  • Jun 22, 2022 8:01pm Jun 22, 2022 8:01pm
Quoting SocTrang83
I'm a newbie is this a valid gartley pattern ? welcome comments {image}
Go to my profile where you will find a link to a discord channel. That channel has a resource channel with lots of harmonic material including the harmonic patterns with their mathematical measurements.
Luck has no place in trading. Leave that for the poker table.
  • #50,556
  • Jun 23, 2022 3:13am Jun 23, 2022 3:13am
Quoting Pair-me-up
{quote} Remember.. he made videos for the intent of enticing newbies. You are not wrong, that he used Scott Carny and Lance Beggs info. I tried to teach Mr. Pip some things when I could through skype. Some of his videos do make quite a few mistakes when teaching price action. Like his bar by bar and for his supply / demand boxes, he never explains his logic about them. He said it and many things are subjective. It is good that you got something good from him. Around the time I found this thread, and another one on harmonics.. I just wanted to be...
Shocking news , another supposed guru/mentor turned out to be a scammer , what a shame!

Pair me up, if I may ask what kind of offers he did to you ? Was he trying to sell you something or asking money to be traded by him ?
  • #50,557
  • Jun 23, 2022 7:32am Jun 23, 2022 7:32am
Quoting skyline
{quote} Shocking news , another supposed guru/mentor turned out to be a scammer , what a shame! Pair me up, if I may ask what kind of offers he did to you ? Was he trying to sell you something or asking money to be traded by him ?
Yes, it is a shame.. Just read through the government agency that caught him. Everything that he was up to is in that pdf. Then you can know what he was offering his victims.
Luck has no place in trading. Leave that for the poker table.
  • #50,558
  • Jun 23, 2022 7:59am Jun 23, 2022 7:59am
What I find so odd is that I actually used Damians teachings as the basis for my trading and it worked. His videos taught me a lot about price action and I am a consistently profitable trader now. I have been for 2 years. Obviously I added in my own ideas and style but his system was a good base to start with. It seems like he could have truly been profitable with all that money if he had tried.
  • #50,559
  • Jun 26, 2022 8:30pm Jun 26, 2022 8:30pm
Quoting spetscom
What I find so odd is that I actually used Damians teachings as the basis for my trading and it worked. His videos taught me a lot about price action and I am a consistently profitable trader now. I have been for 2 years. Obviously I added in my own ideas and style but his system was a good base to start with. It seems like he could have truly been profitable with all that money if he had tried.
If they were Damian's teachings you would eventually need to start your own Ponzi scheme.. lol It's obvious from his 5k challenge that he couldn't trade with the skills he claimed to have. And in the court document it mentions how he put money into a trading account and then withdrew a bit less than 50% ..thus indicating that he lost a lot.

Damian on more than one occasion says that he learned from Scott Carney and Lance Beggs. But obviously he wasn't a very good student. At the beginning of the this thread he talks about his plan to teach patterns etc. Even the title of this thread is Harmonics, etc. But He never really got into harmonics.

I say...give credit were credit is due. You are obviously a better student of harmonics, etc than that con artist, Damian. So, give yourself some credit.

I have no sympathy for con artist, scammers, etc. Damian was never the one that came up with harmonics or price action trading. I never saw him teach anything unique about price action that was not in the books from Scott Carney or Lance Beggs.

The only good thing about this thread for me was comradery with other price action traders that new how to trade or those learning.

The only thing I enjoyed about Con Artist Damian's live streams was trading against him and making nice points.

On one of his life streams he was asked who else on the thread was qualified to help answer questions, etc... basically he said no one but himself. lol So, that sounds like he wants all of his would be victims to rely on him, but at the same time talk about how he learned from Scott Carney and Lance Beggs. Like.. Duh??? Anyone can go read those books.

Anyways...You are a great trader... so sorry to beat a dead horse, but you really gotta give yourself some credit.
Luck has no place in trading. Leave that for the poker table.
  • #50,560
  • Aug 3, 2022 11:03am Aug 3, 2022 11:03am
Hey man,

Sorry if some of you got scammed, but Mr. Pip taught me how to trade man. How to see price action and how to predict where the market is moving.

So he's kinda like my hero. Mad respect for him to teach me this skill for free. And allowing me to see how many moves by the big players in the market. Everyone has something unique in trading. Some people customize their rules but yea.

It took me long time to get it but yea you get it at some point when you really sit with a chart and see how the market moves everyday for atleast 4 hours

Anyways man...i see some of you guys still here. PeterT hope you doing ok


So since he taught some us to trade. How about we just call the trade we take and share notes like a real thread if you guys want

peace
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