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Questions About Auslanco's Trades

  • #41
  • Aug 2, 2007 12:48am Aug 2, 2007 12:48am
hi...


FXstudent.....you can have your opinion like everyone else on FF..


But if you were so interested to learn.....I see you had only 1 post so you never asked a single question or questioned the reasons for a trade or anything else for that matter.....not sure if thats the way you are going to learn FX trading....but you seemed to be taking trades provided by someone else..
  • #42
  • Aug 2, 2007 1:02am Aug 2, 2007 1:02am
Quoting Bemac
That's Sheerluck Jones you mean don't you?...

PS.
WTF did you do to the Cat Jonsey?
Sheerluck...

Here's what happened to Felix.....RIP
http://www.forexfactory.com/showpost...5&postcount=14
  • #43
  • Aug 2, 2007 1:04am Aug 2, 2007 1:04am
Quoting marejp
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
Would love to see your thoughts illustrated....or would I???
  • #44
  • Aug 2, 2007 1:15am Aug 2, 2007 1:15am
What hospital was that?
  • #45
  • Aug 2, 2007 1:17am Aug 2, 2007 1:17am
Quoting smjones
What hospital was that?
ForexFactory Hospital LOL jk
Trade what you see, not what you think.
  • #46
  • Aug 2, 2007 1:19am Aug 2, 2007 1:19am
Quoting karmostaji
ForexFactory Hospital LOL jk
Where we remove your Shorts and Amputate your Longs.

Ask your Doctor if FFH is right for you.

  • #47
  • Edited 6:05am Aug 2, 2007 1:29am | Edited 6:05am
I just want to call the hospital and offer a heart felt get well sent to his room, because FF is a community and we all care about the people here...

Edit: of course, Auslanco was not exactly who was reported to be in the hospital...
Qoute:Apperantly the chief Trader Indunil(I assume that's auslanco)

I am not sure if the assumption is correct, Or what hopsital that is or where in the world that is.
  • #48
  • Aug 2, 2007 1:59am Aug 2, 2007 1:59am
ok,since the title of this thread is questions about auslanco trades I have one he posted in feb. that he didn't trade the news, its a "recipe for disaster" now he is claiming 90 percent success rate on news trades hmm
  • #49
  • Aug 2, 2007 3:35am Aug 2, 2007 3:35am
Quoting FXStudent
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.
You're lucky, I only made losses. Obviously you were in on the first trade which I understand was very profitable the last two both went down.

The point I would like to make is that anyone who sets up a thread supposedly for newbies (ausleanco's stated intention) and makes trade calls has got to be around to field questions at critical times, but he seemed to go missing. When he made the news call on GBP/USD and it started to go the wrong way, he was asked 3 times to my knowledge, and it may have been more, whether we should widen our stops. We got no reply until our stops were hit at which point he immediately appeared and advised us he had widened his. Perhaps I shouldn't complain because he has taught me, as a newbie, a very important lesson - never blindly follow anyone regardless of supposed reputation.
  • #50
  • Aug 2, 2007 4:06am Aug 2, 2007 4:06am
Quoting bundubill
Perhaps I shouldn't complain because he has taught me, as a newbie, a very important lesson - never blindly follow anyone regardless of supposed reputation.
bundubill, that lesson all by itself is going to save you a lot of problems later on. Well done. See you are already past the lesson where you can take a situation and learn from it, a lot of people get stuck there already.
  • #51
  • Aug 2, 2007 5:20am Aug 2, 2007 5:20am
Quoting bundubill
You're lucky, I only made losses. Obviously you were in on the first trade which I understand was very profitable the last two both went down.

The point I would like to make is that anyone who sets up a thread supposedly for newbies (ausleanco's stated intention) and makes trade calls has got to be around to field questions at critical times, but he seemed to go missing. When he made the news call on GBP/USD and it started to go the wrong way, he was asked 3 times to my knowledge, and it may have been more, whether we should widen our stops. We got no reply until our stops were hit at which point he immediately appeared and advised us he had widened his. Perhaps I shouldn't complain because he has taught me, as a newbie, a very important lesson - never blindly follow anyone regardless of supposed reputation.
What reputation did he have and what was the source of the reputation. My understanding was that he only made one lucky call and then started the new thread right after that. Bragging about his success the last 2.5 years, bragging about guaranteed pips 200 on trades, 90% accuracy. etc. etc etc, so his reputation was not earned but self given But because that is what people wanted to hear, all common sense was thrown out the window because you were being told what you wanted to hear.
  • #52
  • Aug 2, 2007 5:23am Aug 2, 2007 5:23am
I just thought I would throw in my 2 cents worth. I've read pretty much the entire Auslanco thread and a lot of the posts on the GBP/JPY thread and I have to say I haven't really seen anything that would lead me to believe that he is some kind of scammer or anything. I haven't seen him solicit anything, though I also haven't had any direct communication with him via PM or email. But I don't see a lot of people saying they were cheated in any way. Any of the posts I've seen where people mention the subscriptions for signals, he immediately points them to the free autotrading instead.

After all the craziness last week, he clearly stated in the new thread that he was not providing signals or calling trades, but just posting his trades just like anyone else and sharing his strategy. Regardless of whether anyone thinks his trading style sucks or not, to me it seems he was just trying to help people learn. Search that thread and find out how many times advice was given not to follow Auslanco's trades blindly, even from Aus himself.

He also says in a post that he just took full control of that trading system on C2 just 2 to 3 days ago. That to me means he either purchased it from the developer or acquired it in some other way, but he hasn't been responsible for it from the beginning.

To me, he just seems like an enthusiastic guy who loves trading like we do and is trying to share some knowledge. Maybe what he has to offer isn't the best advice or the worst, but I don't see him purposely trying to harm anybody or take anyone's money.

But I tend to give people the benefit of a doubt, so who knows? I personally didn't take any of Auslanco's trades. I just listened to his take on things to see if there were any parts that might help me become a better trader. I think I gained some usable information.

I wonder sometimes, though that if I ever do become successful at trading, whether I would want to try and give back to the community here knowing that there are some people that are going to be investigating every thing I say and trying to find holes in my story, accuse me of being a sham, and trying to discredit me in some way.

Anyway, my 2 cents, plus a couple dollars, euros, or a couple hundred yen might get you a cup of coffee at starbucks

Happy trading...
  • #53
  • Aug 2, 2007 5:38am Aug 2, 2007 5:38am
No one is accusing any one of being a sham... This thread was opened in an effort to have complete transparency so that those who have a opposing veiw point can express. it. That is what a 2 way communicatin is all about.

If a person sets themselves up to be a expert, they have to expect to be investigated... It goes with the territory... Although, the process is on going in this case... no need for any accusations. just conversations..
  • #54
  • Aug 2, 2007 5:45am Aug 2, 2007 5:45am
Quoting brucehvn
I just thought I would throw in my 2 cents worth. I've read pretty much the entire Auslanco thread and a lot of the posts on the GBP/JPY thread and I have to say I haven't really seen anything that would lead me to believe that he is some kind of scammer or anything. I haven't seen him solicit anything, though I also haven't had any direct communication with him via PM or email. But I don't see a lot of people saying they were cheated in any way. Any of the posts I've seen where people mention the subscriptions for signals, he immediately points them to the free autotrading instead.

After all the craziness last week, he clearly stated in the new thread that he was not providing signals or calling trades, but just posting his trades just like anyone else and sharing his strategy. Regardless of whether anyone thinks his trading style sucks or not, to me it seems he was just trying to help people learn. Search that thread and find out how many times advice was given not to follow Auslanco's trades blindly, even from Aus himself.

He also says in a post that he just took full control of that trading system on C2 just 2 to 3 days ago. That to me means he either purchased it from the developer or acquired it in some other way, but he hasn't been responsible for it from the beginning.

To me, he just seems like an enthusiastic guy who loves trading like we do and is trying to share some knowledge. Maybe what he has to offer isn't the best advice or the worst, but I don't see him purposely trying to harm anybody or take anyone's money.

But I tend to give people the benefit of a doubt, so who knows? I personally didn't take any of Auslanco's trades. I just listened to his take on things to see if there were any parts that might help me become a better trader. I think I gained some usable information.

I wonder sometimes, though that if I ever do become successful at trading, whether I would want to try and give back to the community here knowing that there are some people that are going to be investigating every thing I say and trying to find holes in my story, accuse me of being a sham, and trying to discredit me in some way.

Anyway, my 2 cents, plus a couple dollars, euros, or a couple hundred yen might get you a cup of coffee at starbucks

Happy trading...
Very nicely said, you said everything I wanted to say.
  • #55
  • Aug 2, 2007 5:46am Aug 2, 2007 5:46am
Quoting smjones
No one is accusing any one of being a sham... This thread was opened in an effort to have complete transparency so that those who have a opposing veiw point can express. it. That is what a 2 way communicatin is all about.

If a person sets themselves up to be a expert, they have to expect to be investigated... It goes with the territory... Although, the process is on going in this case... no need for any accusations. just conversations..
Even in a court of law, and expert has to be asked preliminary questions before he can be qualified as an expert to give testimony.
  • #56
  • Aug 2, 2007 5:57am Aug 2, 2007 5:57am
Quoting brucehvn
I just thought I would throw in my 2 cents worth. I've read pretty much the entire Auslanco thread and a lot of the posts on the GBP/JPY thread and I have to say I haven't really seen anything that would lead me to believe that he is some kind of scammer or anything. I haven't seen him solicit anything, though I also haven't had any direct communication with him via PM or email. But I don't see a lot of people saying they were cheated in any way. Any of the posts I've seen where people mention the subscriptions for signals, he immediately points them to the free autotrading instead.Autotrading is not free. You pay a certain amount per trade per lot to the Auto Trade supplier. The Auto trade supplier then pays the developer of the system.

After all the craziness last week, he clearly stated in the new thread that he was not providing signals or calling trades, but just posting his trades just like anyone else and sharing his strategy. Regardless of whether anyone thinks his trading style sucks or not, to me it seems he was just trying to help people learn. Search that thread and find out how many times advice was given not to follow Auslanco's trades blindly, even from Aus himself.

He also says in a post that he just took full control of that trading system on C2 just 2 to 3 days ago. That to me means he either purchased it from the developer or acquired it in some other way, but he hasn't been responsible for it from the beginning.Then what sort of trading performance does he have that he can provide signals?

To me, he just seems like an enthusiastic guy who loves trading like we do and is trying to share some knowledge. Maybe what he has to offer isn't the best advice or the worst, but I don't see him purposely trying to harm anybody or take anyone's money.

But I tend to give people the benefit of a doubt, so who knows? I personally didn't take any of Auslanco's trades. I just listened to his take on things to see if there were any parts that might help me become a better trader. I think I gained some usable information.

I wonder sometimes, though that if I ever do become successful at trading, whether I would want to try and give back to the community here knowing that there are some people that are going to be investigating every thing I say and trying to find holes in my story, accuse me of being a sham, and trying to discredit me in some way. I do not think FF is trying to discredit system makers or signal providers for fun...the main aim of this forum from it's very early days has been to give traders an environment in which to discuss, debate and learn. When you see see how often people come here to spam and scam and ruin this environment then you feel very differently about trying to protect those people who are new to forex and direct them back in the right direction. There have been many times we have seen threads started, they receive a following and not long after a scam follows.

Anyway, my 2 cents, plus a couple dollars, euros, or a couple hundred yen might get you a cup of coffee at starbucks

Happy trading...
Same to you
  • #57
  • Aug 2, 2007 5:58am Aug 2, 2007 5:58am
Quoting bundubill
You're lucky, I only made losses. Obviously you were in on the first trade which I understand was very profitable the last two both went down.

The point I would like to make is that anyone who sets up a thread supposedly for newbies (ausleanco's stated intention) and makes trade calls has got to be around to field questions at critical times, but he seemed to go missing. When he made the news call on GBP/USD and it started to go the wrong way, he was asked 3 times to my knowledge, and it may have been more, whether we should widen our stops. We got no reply until our stops were hit at which point he immediately appeared and advised us he had widened his. Perhaps I shouldn't complain because he has taught me, as a newbie, a very important lesson - never blindly follow anyone regardless of supposed reputation.
I'm not here to defend Auslanco. Only time will tell if he is genuine or not. I will say this about his news calls. When he first mentioned doing GBP/USD news calls he stated very clearly they should only be done in DEMO accounts. I know newbies will skip over that because they want to believe this guy can't make bad calls. Then they get mad when they start losing real money on those calls. The problem with newbies is that they "don't have time to read'. Auslanco also stated in BOLD colored letters before each call that people should only take those calls at their own risk, even for a demo account. Let time determine his credibility. Oh, by the way, the reason some of us don't have many posts is because we are READING instead of pontificating on things we know nothing about.

M2B
  • #58
  • Aug 2, 2007 6:07am Aug 2, 2007 6:07am
Quoting brucehvn
I personally didn't take any of Auslanco's trades. I just listened to his take on things to see if there were any parts that might help me become a better trader. I think I gained some usable information.
I can not imagine that Auslanco has known what the reaction would be on his threads. He might have gotten carried away a little himself but I can not see a reason to blame him for what happened. In the end the human and psycological side were interesting, and I think it will be getting more interesting when some people figure out they have lost - very difficult to admit when you were wrong and it was you own fault. Even more so when you want to do something that is quite specialised but can not even use Google or your browser properly.

The reaction and posts that will follow soon might be a good test of whom are here to actually learn something and who are here for instant gratification. Might even be an interesting poll to vote - due dilligence done before following blindly (with the experience level linked to it)? On the other hand the answer is obvious.

Enjoy
  • #59
  • Aug 2, 2007 6:19am Aug 2, 2007 6:19am
Oh...This whole thing is pretty sad isnt it?.. We had one guy who truly wanted to help new traders... and look what happend.
  • #60
  • Edited 6:31am Aug 2, 2007 6:20am | Edited 6:31am
Quoting Spanishfly
Oh...This whole thing is pretty sad isnt it?.. We had one guy who truly wanted to help new traders... and look what happend.
FFmafia? LOL.. You are choosing to blame the media for allowing all points of view?? Now that is confusing.

The irony here is that FF usually gets called these names when FF prevents certain rambling view points, like if a Troll came on to a thread, FF would not let them continue. And some would accuse FF of Maffia like behavour. Here we have the opposite and again the same statement... Oh well, the irony is rich though....
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