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Questions About Auslanco's Trades

  • #21
  • Aug 1, 2007 6:56am Aug 1, 2007 6:56am
Hi...


I might add that the trade still open on the C2 site is now down $1792 loss
  • #22
  • Aug 1, 2007 7:31am Aug 1, 2007 7:31am
HI..


And I dont know or understand whats going on with that C2 site...

A G/U trade that was a loss of about 230....has dissappeared...it was second on the closed trades list...gone now..

The trade I mentioned in a previous post where it was closed out at around 2.0222.....

and now its back.....that site is crazy.
  • #23
  • Aug 1, 2007 7:51am Aug 1, 2007 7:51am
Something odd going on there.
  • #24
  • Aug 1, 2007 8:39am Aug 1, 2007 8:39am
hi...

Latest update...either he has abandoned the trading there or something weird happening.http://www.collective2.com/images/ch...rt27000404.png
  • #25
  • Aug 1, 2007 9:20am Aug 1, 2007 9:20am
Kinda weird huh? Not really.

No, I'm not here to say I told you so and I'm certainly not here to bash and/or put harsh judgement on aus or thread members. This happens all the time with new traders and new posters and the inevitable "something good happened in my trade"as we can only go 2 ways on the charts.
It was just so obvious that he's still "fresh" and needs some time with his trading skills. Back when there used to be better traders willing to listen on these forums, even a beginner would've been able to spot a bad call against the major trend.

However, when someone posts a comment about SL's, moving SL's, adding to losing positions, changing their minds so often, along with folks (almost everyone on the thread) not really having any trading knowledge and direction, and it gets shot down and rejected it's a pretty good indication (and one only needs to read 10 - 20 posts) that this thread had turned into the other one with 22,000 posts.

Now, most on these threads are demo trading - that's obvious but I think someone should jump in from time to time and put in some good advice and not pussyfoot around. I WISH SOMEONE DID THIS WITH ME BACK WHEN!

I wish Aus and others good luck and good trading.

That's all - nothing more, nothing less,

KT

P.s. As I looked back yesterday on my post on the Aus thread , it seemed a bit mean spirited so I want to contribute perhaps 1 or 2 things for these folks:

Put a friggin' trendline on your chart every once in a while and don't get married to your Fibs so darn much!!!
  • #26
  • Aug 1, 2007 6:46pm Aug 1, 2007 6:46pm
So how did this C2 business end up?
  • #27
  • Aug 1, 2007 8:26pm Aug 1, 2007 8:26pm
Cash & Margin
Started Buy Power Cash Long Eqty Margined Open P/L
$10,000 $2,423 $12,558 ($2,829) $7,305 ($2,829)


This is the state of the audited C2 account after 29 days..taken from the C2 page where his system is listed.
Trading 2 currencies - GBPUSD and GBPJPY with last closed trade 1st August.
  • #28
  • Aug 1, 2007 8:44pm Aug 1, 2007 8:44pm
Just doing a 'Sherlock' here because signal providers are of interest to me.

Auslanco has a website listed on his C2 page. On his website there is nothing listed under past performance.
then...
There is a link on the bottom of the performance page to an independent audited service ( anyone remember 'Firedave'?) where it is stated we can see verified real time results. On this site there are 7 signal service providers mentioned but no listing of Auslanco's service. I could be mistaken and he may have his service under another name but that would not make sense.
  • #29
  • Aug 1, 2007 9:10pm Aug 1, 2007 9:10pm
Quoting ktrade
Kinda weird huh? Not really.

No, I'm not here to say I told you so and I'm certainly not here to bash and/or put harsh judgement on aus or thread members. This happens all the time with new traders and new posters and the inevitable "something good happened in my trade"as we can only go 2 ways on the charts.
It was just so obvious that he's still "fresh" and needs some time with his trading skills. Back when there used to be better traders willing to listen on these forums, even a beginner would've been able to spot a bad call against the major trend.

However, when someone posts a comment about SL's, moving SL's, adding to losing positions, changing their minds so often, along with folks (almost everyone on the thread) not really having any trading knowledge and direction, and it gets shot down and rejected it's a pretty good indication (and one only needs to read 10 - 20 posts) that this thread had turned into the other one with 22,000 posts.

Now, most on these threads are demo trading - that's obvious but I think someone should jump in from time to time and put in some good advice and not pussyfoot around. I WISH SOMEONE DID THIS WITH ME BACK WHEN!

I wish Aus and others good luck and good trading.

That's all - nothing more, nothing less,

KT

P.s. As I looked back yesterday on my post on the Aus thread , it seemed a bit mean spirited so I want to contribute perhaps 1 or 2 things for these folks:

Put a friggin' trendline on your chart every once in a while and don't get married to your Fibs so darn much!!!
Thank you for stepping to the plate and not pussyfooting around. You seem like a nononse experienced trader. If it is not too much trouble could you open a thread to give newcomers some tips. In particular, you mention going against a major trend. I wanted to know when you would consider a major trend to have reversed. Thank you and if you can't open the new thread would certainly understand.
  • #30
  • Aug 1, 2007 9:12pm Aug 1, 2007 9:12pm
hi...

Antra.....good investigative work there....did you look under his company name....GFCM....or Global Forex Capital Markets..
  • #31
  • Aug 1, 2007 9:27pm Aug 1, 2007 9:27pm
Sent you a PM Angler.

I have trained under Sherlock Jones!!!!
  • #32
  • Aug 1, 2007 9:56pm Aug 1, 2007 9:56pm
I subscribed to auslanco's Collective 2 system...with $5000 last thursday. My account balance was $2647 when I checked in the noon yesterday. Last night it was $5000 and closed my account with collective 2. I have recived an email from auslanco's office in Hong kong saying they have closed all the live accounts with collective 2 and refunded all the losses to subscribers accounts.Apperantly the chief Trader Indunil(I assume that's auslanco) is hospitalized with the flu on wednesday and they will not resume any trading untill he will be back. They do not accept any more live accounts for GFCM and only demo accounts will be accepted . Hmmm...
  • #33
  • Aug 1, 2007 10:16pm Aug 1, 2007 10:16pm
i knew something was up---he hasn't responded to my pm's, no posts or analysis
i hope he is ok
Bring It...
  • #34
  • Aug 1, 2007 10:25pm Aug 1, 2007 10:25pm
I hope you satisfied now Angler. he was just trying to help us. i made my only profits thanks to Aus, and god bless him. yes he did post 700 messages. he was teaching what he has learned and what worked for him. he wasn't asking money. he was sharing his knowledge. shame on you people.
  • #35
  • Aug 1, 2007 10:38pm Aug 1, 2007 10:38pm
I am sorry to hear Auslanco is in hospital with the flu. I know we have a big outbreak here in Aust at present as well.

That accounts for his current trades at C2 that were let to run into losses ( stops?) and his being absent from his thread. I am glad that no one will lose money at C2. I wish him a speedy recovery.

This situation does bring to light some aspects of signal services for those people who are thinking of signing up to a provider or trading signals through an auto trading platform.

1. A signal provider should have some sort of track record that if possible should be verified or audited by a third party.

2. A signal provider service should not be reliant on only one person. There has to be backup. Preferably 24/7.
  • #36
  • Aug 1, 2007 11:02pm Aug 1, 2007 11:02pm
Quoting Spanishfly
I subscribed to auslanco's Collective 2 system...with $5000 last thursday. My account balance was $2647 when I checked in the noon yesterday. Last night it was $5000 and closed my account with collective 2. I have recived an email from auslanco's office in Hong kong saying they have closed all the live accounts with collective 2 and refunded all the losses to subscribers accounts.Apperantly the chief Trader Indunil(I assume that's auslanco) is hospitalized with the flu on wednesday and they will not resume any trading untill he will be back. They do not accept any more live accounts for GFCM and only demo accounts will be accepted . Hmmm...
That is strange that your balance went up from yesterday since c2 shows that aus trades collapsed today. Have you actually verifed that the balance in your account has been sent and received by you. I also wanted to know if when you signed up if they also asked you to provide your credit card number.
  • #37
  • Aug 1, 2007 11:08pm Aug 1, 2007 11:08pm
Quoting yoyo
That is strange that your balance went up from yesterday since c2 shows that aus trades collapsed today. Have you actually verifed that the balance in your account has been sent and received by you. I also wanted to know if when you signed up if they also asked you to provide your credit card number.
I checked with my FXCM.. and the balnce is 5000. I signed up for is free service.. I dint have to give my CC number. It was an auto trade account.
  • #38
  • Edited 12:34am Aug 2, 2007 12:24am | Edited 12:34am
hi...

well sorry if he is sick....BUT...Those trades on C2 were done on the 1st Wed. this week..yesterday...and to end up in hospital with the flu not sure that happens overnight since he was trading almost 24 hrs a day and posting and no mention of being sick that I know of..his last post said something about thats him for the day...oh I am sceptical..

I might add that someone who always pushed for MM and with other peoples money he never used a stop loss....yeah...

And what office is in Hong Kong......thought he lived in Perth...or was that Sydney.

I might add...the first system on C2 he said was a test to try it out....but if you read the site info since 2006 they have had a set-up where you can put a system on there and test it without going Public..and not putting a $38 subscription cost on it.
  • #39
  • Aug 2, 2007 12:27am Aug 2, 2007 12:27am
Quoting Antra
Sent you a PM Angler.

I have trained under Sherlock Jones!!!!
That's Sheerluck Jones you mean don't you?...

PS.
WTF did you do to the Cat Jonsey?
  • #40
  • Aug 2, 2007 12:27am Aug 2, 2007 12:27am
To FXStudent , let me see you do the rhyme thing with my name.

What interesting times this was. Happened so fast I’ve missed most of it. What was interesting you might ask?

Will add some pictures tonight if I have time and anybody is interested but this fits in perfect with old Dow’s theory. Move started and traders get in. Things are still under control. As the move picks up speed more and more people get sucked in. Control goes out of the window, fear and greed comes in and suddenly some logic comes back – pullback time. The memories of the quick riches are still fresh and new move starts in all earnest. All the Johnny come late cases (members with no more than 3 posts and 2 days experience suddenly give trading advice) jumps onboard as well. Now things go crazy – overtrading, panic, fear, greed you name it.

All in this little micro cosmos. The real interesting part now is that the move was not caused by anybody trading here on the forum (even though you might not think so, you are to small to move this market) but a lot of people reacted as was said many years ago.

I’ve learned a lot over the last few days, not system wise or trading wise or anything like that. Just about people and the market. Lucky for me it did not cost me a cent.
Enjoy
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