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  • #27,281
  • Dec 13, 2023 8:48am Dec 13, 2023 8:48am
Quoting Zuke
I personally see little point in debating the merits or otherwise of CFTC (or indeed any other "lettered agency") because its down to individual views on state oversight/reach.
-I think, discussion of various regulatory groups, and other alphabet groups, is important, especially if it can be done objectively. There is often very little oversight and accountability with these groups and it is important that the people not only understand the various roles and scope of these groups, but also that they are carrying out their duties with integrity while staying within the lines of the law etc..

This is especially true as we often see so many seemingly-conflicting interests and possible agendas at play. You do not need to be a conspiracy theorist to make such claims, either.

Quoting Zuke
The key thing for me is whether MFF acted fraudulently/misleadingly or not.
-Sure, but we should also consider what legal grounds the CFTC has to justify their claims, as much of what we saw with these prop firms could have been considered a legal gray area. Perhaps this case will bring some much-needed clarity on the matter. But I never just assume or blindly accept that those that govern are correct, not only in their behavior, but in their reasoning etc..

It is important not only for people to ask questions, but that they get reasonable answers to those questions, especially when the questions are being directed at the elected/appointed officials that are supposed to be serving us.
  • #27,282
  • Dec 13, 2023 9:04am Dec 13, 2023 9:04am
It is difficult to read some of the recently-made comments here about what is going on with MFF/CFTC. It is always better to remain objective and to let the facts tell the story.
  • #27,283
  • Edited 9:23am Dec 13, 2023 9:09am | Edited 9:23am
Quoting KarlKraus
{quote} I totally agree. They blatantly lied to the people whose money they took. That’s fraudulent, pure and simple, by any country's definition. Good luck to those who want "regulators" who take no action over that: in the long run they’ll obviously need it!
You know who actually stole money.... Refco, Man Financial, MF Global, PFG best & FXCM..... all were massive CFTC regulated brokers, what the hell were they actually regulating?

Last time I was with Oanda they blew out spreads 30-60 pips around reports for damn near 1-2 straight min (<10 sec is normal with FOMC/NFP/CPI releases @ ecn brokers/centralized exchange), again under the watchful eye of the protective CFTC.
  • #27,284
  • Dec 13, 2023 9:21am Dec 13, 2023 9:21am
Quoting CableJ
again under the watchful eye of the protective CFTC.
-Regulation in the US is a pay-to-play game. Period.
  • #27,285
  • Dec 13, 2023 9:29am Dec 13, 2023 9:29am
Quoting CableJ
{quote} You know who actually stole money.... Refco, Man Financial, MF Global, PFG best & FXCM..... all were massive CFTC regulated brokers, what the hell were they actually regulating? Last time I was with Oanda they blew out spreads 30-60 pips around reports for damn near 1-2 straight min (<10 sec is normal with FOMC/NFP/CPI releases @ ecn brokers/centralized exchange), again under the watchful eye of the protective CFTC.
Yes, there are only a handful of us (maybe 4-5 in this thread) who actually know what is going on. As I stated, others simply don't know or PREFER to bury their heads in the sand about it.
  • #27,286
  • Dec 13, 2023 10:35am Dec 13, 2023 10:35am
Quoting TrAndy1
{quote} Not profitable at all! A 100 period moving average over H1 does not help you for sure. Just backtested. Even with cherrypicking no positive result out-of-sample possible. And I tried different periods too. Nothings works here. You might have luckily one good month (doing more the opposite as seen in equity curve chart), but that's it. {image}
Didn’t see this post. Thanks for your time. So, back to the beginning :-)
  • #27,287
  • Dec 13, 2023 10:42am Dec 13, 2023 10:42am
Quoting Tobiazzek
{quote} Im not trading this strat but I think it's common sense that you should be trading during high liquidity times, and because of this being the 1h then the readonable thing to do is 1 trade per session for a pair. Also obviously don't trade something like GBPUSD during asia etc. Trading after london opens or ny should be the priority, you REALLY should know that after those 10 years
Yes. Trading only the hours around the london open would suit me best. I tried a lot here but so far couldn’t find anything working for me. Probably tried at least 20 different variations of the London breakout strategy but didn’t find it profitable even over the course of a year and what I need to achieve is consistent profits at the end of a month or quarter at least.
  • #27,288
  • Dec 13, 2023 11:25am Dec 13, 2023 11:25am
Quoting JustPipMe
{quote} 3 months ago I couldn’t pass a challenge to save my life. Now I’m funded with 3 firms. no changes to my entries whatsoever. Only difference? My exits, and “adding to winners.” Watched trader tom videos on psychology. All his sh*t is free on YT edit - I’m a manual trader
Thanks for your comment.

Yes. I know TT and used to watch his videos and live stream nearly 2 years ago but couldn’t really make use of it do build my own working trading plan.

What Tom does is hard to copy and I don’t even want to simply copy signals. I would like to build
my own working plan somehow but just can’t find a way.

I often tried to trade the naked price action but ended up in a mess like over trading, adding to my losses instead of to my winners, having huge losing streaks, wrong position sizing, emotional problems due to the feeling that I am gambling instead of trading a system with a proven positive expectancy and so on.
  • #27,289
  • Dec 13, 2023 11:56am Dec 13, 2023 11:56am
Quoting TrAndy1
{quote} Yes having (trailing) stops and adding to winners
I also started to like trailing stops. They really seem to be helpful.

What I'm still having a hard time with is whether or not i need to find multiple different strategies or if one is enough. Or how to deal with fundamentals, news etc. These are constant thoughts that I have and although I can't even find ONE strategy that I can somehow focus on. It's information overload. I think traders had a real advantage 30 years ago or so because they weren't cluttered up by millions of systems and YouTube and Discord channels all the time.

For example, Dr. Van K. Tharp (RIP) says something like: "You should not try to find a trading strategy that works in every type of market.

I would prefer to find a system or strategy simply working regardless of market type. I would call it a robust one. To me, "market type" seems to be a trap.
  • #27,290
  • Dec 13, 2023 12:11pm Dec 13, 2023 12:11pm
What is going on with ACG webpage? Can't login the dashboard either.
  • #27,291
  • Dec 13, 2023 12:58pm Dec 13, 2023 12:58pm
Quoting lddd
{quote} Thanks for your comment. Yes. I know TT and used to watch his videos and live stream nearly 2 years ago but couldn’t really make use of it do build my own working trading plan. What Tom does is hard to copy and I don’t even want to simply copy signals. I would like to build my own working plan somehow but just can’t find a way. I often tried to trade the naked price action but ended up in a mess like over trading, adding to my losses instead of to my winners, having huge losing streaks, wrong position sizing, emotional problems due to the...
I trade the same way I always have, which is NOTHING like trader tom.

Only watched his psychology videos. That’s it. Never been to his telegram or watched any of his livestreams
A snails pace wins the race :-)
  • #27,292
  • Dec 13, 2023 1:23pm Dec 13, 2023 1:23pm
Passed the evaluation. Looking forward to PA accounts now at Apex.
Attached Image (click to enlarge)
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  • #27,293
  • Dec 13, 2023 1:41pm Dec 13, 2023 1:41pm
Just for kicks I tried to get one of those free $5K MyFundedFX accounts this morning. (Know nothing about that firm so really didn't care too much.). But the giveaway happens and they give out 300 free accounts in like 15 seconds - about the time I typed in my name and did their screwy captcha system - and alas, missed out. No clue how people enter into these things in less than 15 seconds, I guess the kids have some cheat code going on.
  • #27,294
  • Dec 13, 2023 1:53pm Dec 13, 2023 1:53pm
Quoting lddd
{quote} I also started to like trailing stops. They really seem to be helpful. What I'm still having a hard time with is whether or not i need to find multiple different strategies or if one is enough. Or how to deal with fundamentals, news etc. These are constant thoughts that I have and although I can't even find ONE strategy that I can somehow focus on. It's information overload. I think traders had a real advantage 30 years ago or so because they weren't cluttered up by millions of systems and YouTube and Discord channels all the time. For example,...
Another thing Ive noticed which I didnt fully understand before when "pro" traders were interviewed is that they always said they dont really have a one strategy or something. To me that made no sense at all then how they could be profitable. But as im doing this grind as I do. Ive tried almost all indicators tbh that exists by now and most traditional systems ofc. Like you just start to solve problems trying to find how each instrument works then its weaknesses. While maintaining your own style you are comfy with and time period or tick and ranges. Also theres a reason why they focus on one instrument the veterans I can tell. You need nothing else but one instrument.

So as I mentioned before this is what helped me once I stopped looking at others or finding strategies. Since its all about rewiring the mind. To solve problems in each instrument. But preferably just one. But that one instrument always constantly changes in cycles so its still alot to solve with just following one instrument and how it changes its rythms. Ive seen now as I backtested manually years back scalping even. That no year is the same for just one instrument.

But instruments do have specific characteristics I noticed and this is what those who life off of trading capitalize on. Also why you wont hear them talk about it since they of course dont want others to know since they spent years honing skills finding out those "tricks". Maybe only family members or even that tbh. Since what they learn and mold their mind with becomes invaluable to them. This is why youtube trading gurus are useless. Anyhow to find those characteristics per instruments does take alot of time to just analyze one instrument and which affects it depending on time of year etc. I know this.

Because I looked at stock market lately after only been trading futures for years problem solving. Then I also realized how I automatically now just look to solve problems without using any strategy at all. Just what time frame I like and simple indicators as tools sometimes to fine tune r understand that stock or instrument whatever . But mainly price actions ofc.

This relates to prop firms, since futures prop firms got a different approach to it than forex prop firms.
  • #27,295
  • Dec 13, 2023 2:00pm Dec 13, 2023 2:00pm
Quoting noox
What is going on with ACG webpage? Can't login the dashboard either.
Same . this is the problem with "doing what no other prop firm can" Giving away 75k free accounts clearly not good for the server. Great for compliling a mailing list though.
  • #27,296
  • Dec 13, 2023 2:51pm Dec 13, 2023 2:51pm
Quoting rizla101
{quote} Same . this is the problem with "doing what no other prop firm can" Giving away 75k free accounts clearly not good for the server. Great for compliling a mailing list though.
Exactly what they are doing. Once again, lack of common sense.
How does the company benefit from giving away 5K accounts?
They don't , they are just in the business of giving away free stuff to people who will never spend a dime with them, right?
Yet everybody is like, "Oh look, what a great company, they are giving me free accounts"
Lol, kind of reminds me of the US government now that I think about it. They're just nice too, want to give away free stuff.
I just sit back and laugh everyday at the complete lack of intelligenece and common sense of my fellow human beings.
  • #27,297
  • Dec 13, 2023 5:41pm Dec 13, 2023 5:41pm
Quoting noox
What is going on with ACG webpage? Can't login the dashboard either.
Same here, I'm funded and can't login.
  • #27,298
  • Dec 14, 2023 1:21am Dec 14, 2023 1:21am
Funded Engineer Live and Challenge account different 1 pips
something fishy !! after payout several times now spread are wider
  • #27,299
  • Dec 14, 2023 2:26am Dec 14, 2023 2:26am
ACG seems to have created an alternative access:
https://twitter.com/AlphaCapitalUK/s...67908618330327
  • #27,300
  • Dec 14, 2023 3:23am Dec 14, 2023 3:23am
Quoting Capablanca
ACG seems to have created an alternative access: https://twitter.com/AlphaCapitalUK/s...67908618330327
still can't login to the dashboard
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