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  • #981
  • Apr 23, 2008 1:14pm Apr 23, 2008 1:14pm
GUADALAJARA, Mexico - A Mexican official is defending the guilty verdict against Canadian Brenda Martin, saying the evidence clearly shows she is guilty.
Heriberto Estrada of the judge's office says the facts and evidence against Martin support the decision. He also denies claims that Martin's rights were violated.
Martin was found guilty Tuesday of being involved in an Internet scam run by her former boss and sentenced to five years in prison.
  • #982
  • Apr 25, 2008 4:07pm Apr 25, 2008 4:07pm
I appreciate all the hard work and time of the posters to this thread. It has been a good "therapy" following the PS debacle.

maybe on the blog their could be a "vendor" section and a "participant" section.

Vendors post their "pitches" in their section / Participants post response, VERIFIABLE results in their section.

Maybe it's a bad idea don't know. All feeback welcome.


thanks
  • #983
  • Apr 27, 2008 6:26am Apr 27, 2008 6:26am
Hi all,
I have read several pages of this thread. I understand why many are frustrated with the whole situation of the trade calls, the scamming, the lies and the whole bad turn of events. I guess I see it this way... if you really are serious about this business you will find a mentor who knows what they are doing and learn how to really trade the market. It takes MANY hours and you must expect to have some pain for most of us will not listen until we do. It's like the don't touch the hot stove scenario but we touch it anyway and then learn our lesson only after we have experienced the pain. I was in the pipsipers room and was not impressed to say the least. I don't like the whole idea of getting in a room and waiting for a trade to be called by someone else anyway because I view myself just as capable as them because I have done my homeowork and put in the time. If you want a quick buck then following someone else's calls may be for you but you better be able at any moment to start losing money because as market conditions change, and they certainly will over time, then a "strategy" needs to be tweaked and then you will see that this "trader" doesn't know how to change with the market. I learned from a CTA who has a whole course devoted to trading with price as the only indicator. Indicators don't lie but they certainly cannot predict the future. My trading has completely turned around.

Another thing to consider is money management. Even if a trader calls a trade to be 50 pips and you sit there and let 20 go down the drain because you were looking for 50 then that is not the tradecaller's fault, it is your own fault. I have learned that profit is profit and to let a good trade go bad is just plain stupid. Worst case, you take the 20 pips and close a portion, let's say 50% or more and then move your stop to where you AT LEAST break even on the trade. This is of upmost importance to success and I have learned the hard way that this simple money management priniciple will bring success.

With the teaching I have had, my percentage of profitable trades are very high, based on price action and SR with Fibs. I could even start a trade call service and probably do well but WHY WOULD I DO THAT ANYWAY??? Just so I can be scrutinized by amateur traders who want to get rich without any effort? NO WAY. I don't place the blame all on the callers, although they are stepping into this trap and many are just scum-scam, but I also place it on people searching for the holy grail and a jet plain to get there and don't want to do any work but then blame everything on someone else. There are no gimme's. This market is tough and takes time and to learn it. I did my time (3years and still learning)and unless you are willing to then accept the fact that you "might" make money listening to someone else call trades but you also might reach a point where it just doesn't work anymore...Then, what are you going to do? Invest in YOU and then realize the dreams this market can offer. The main problem with this world is...no one likes to look in the mirror and be honest. They only want to look through the window and blame another. Just look at the political scene. What a joke!
  • #984
  • Apr 27, 2008 4:02pm Apr 27, 2008 4:02pm
Quoting 4X4EVER
Hi all,
I have read several pages of this thread. I understand why many are frustrated with the whole situation of the trade calls, the scamming, the lies and the whole bad turn of events. I guess I see it this way... if you really are serious about this business you will find a mentor who knows what they are doing and learn how to really trade the market. It takes MANY hours and you must expect to have some pain for most of us will not listen until we do. It's like the don't touch the hot stove scenario but we touch it anyway and then learn our lesson only after we have experienced the pain. I was in the pipsipers room and was not impressed to say the least. I don't like the whole idea of getting in a room and waiting for a trade to be called by someone else anyway because I view myself just as capable as them because I have done my homeowork and put in the time. If you want a quick buck then following someone else's calls may be for you but you better be able at any moment to start losing money because as market conditions change, and they certainly will over time, then a "strategy" needs to be tweaked and then you will see that this "trader" doesn't know how to change with the market. I learned from a CTA who has a whole course devoted to trading with price as the only indicator. Indicators don't lie but they certainly cannot predict the future. My trading has completely turned around.

Another thing to consider is money management. Even if a trader calls a trade to be 50 pips and you sit there and let 20 go down the drain because you were looking for 50 then that is not the tradecaller's fault, it is your own fault. I have learned that profit is profit and to let a good trade go bad is just plain stupid. Worst case, you take the 20 pips and close a portion, let's say 50% or more and then move your stop to where you AT LEAST break even on the trade. This is of upmost importance to success and I have learned the hard way that this simple money management priniciple will bring success.

With the teaching I have had, my percentage of profitable trades are very high, based on price action and SR with Fibs. I could even start a trade call service and probably do well but WHY WOULD I DO THAT ANYWAY??? Just so I can be scrutinized by amateur traders who want to get rich without any effort? NO WAY. I don't place the blame all on the callers, although they are stepping into this trap and many are just scum-scam, but I also place it on people searching for the holy grail and a jet plain to get there and don't want to do any work but then blame everything on someone else. There are no gimme's. This market is tough and takes time and to learn it. I did my time (3years and still learning)and unless you are willing to then accept the fact that you "might" make money listening to someone else call trades but you also might reach a point where it just doesn't work anymore...Then, what are you going to do? Invest in YOU and then realize the dreams this market can offer. The main problem with this world is...no one likes to look in the mirror and be honest. They only want to look through the window and blame another. Just look at the political scene. What a joke!

... I agree with most of your points but still feel that signals and/or trading room services have their place in a the retail forex trading world. I'm mostly a swing trader (slowly moving to position trading) but still enjoy daytrading and that was the reason for signing up with pipSnipers. I wasn't going to renew my subscription even before s...hit the fan mid-March as I found their strategy very amateurish and poorly thought out.
I'm currently in a "free" (they ask for an IB status) room that specializes in news trading (the one with a shaving utensil in their name) and even though I don't take most of the trades called I enjoy the camaraderie and the social aspect of trading. Even with PS I learned some valuable things and "met" some interesting people.

P.S.
I couldn't help noticing your avatar and a signature.
First looks like old FxTrainer logo (it's probably a generic symbol anyway) the other made me think of Chris. Do you have experience with any of the above?
  • #985
  • Apr 28, 2008 3:48am Apr 28, 2008 3:48am
I cant believe I wasted my time again to come back to this thread. I am very excited to see all of the infractions levied b/c it seems to be the ones complaining just to complain about something. Hopefully, tweed or BarneyFife will find a way to delete this thread as it has only become another PS bash instead of a thread to warn about all`scams. Dont bother to call me a bootlicker or whatever b/c I wont be back to this thread. Oh go ahead, thats right, you're going to have to blame somebody. It might as well be me.

Done with ya!
  • #986
  • Apr 28, 2008 3:57am Apr 28, 2008 3:57am
Quoting Federali
Well, i didn't take hosea's last 2 150-200 pips loss each trade. I did take the one from london...entered for Long right above 205 and a 70 pips SL.. WELL JUST GOT STOPPED...the good thing is he had 3 entries....high 205 and medium 205 im glad i got in low 205 so i only lost 70 pips...some poeple lost 150 pips....The other good thing is i did 1 mini...so no big deal...but i don't think ill even want to rejoin for the 85.00 it used to be...
I couldnt let this go by without a comment. Since you seem intent on putting Hosea into a bad light. I have traded his calls for the month of April. Those 2 or 3 losses were the only losing calls for the month. I don't know the ratio or the pipcount but I DO know my account is bigger than it was on April 1st even with the losses. I did not get in every call he made and still it was a positive month. Just wanted to put some balance to all the negative.
  • #987
  • Apr 28, 2008 4:01am Apr 28, 2008 4:01am
Quoting cribb6
I cant believe I wasted my time again to come back to this thread. I am very excited to see all of the infractions levied b/c it seems to be the ones complaining just to complain about something. Hopefully, tweed or BarneyFife will find a way to delete this thread as it has only become another PS bash instead of a thread to warn about all`scams. Dont bother to call me a bootlicker or whatever b/c I wont be back to this thread. Oh go ahead, thats right, you're going to have to blame somebody. It might as well be me.

Done with ya!
Right, please don't bash PS because they really offered a good service and were oh so thrustworthy, and surely had all the best intentions.

Get real mate!
Enter Signature
  • #988
  • Apr 28, 2008 4:24am Apr 28, 2008 4:24am
AS for Hosea, his calls are good, you do need to look at the charts which is a good entry/exit for the call, then again no problems with that. You can actually get multiple entries/exits if you can read the charts.

And he is very honest regarding us long term PS subscribers which we cannot say about Jason!
Enter Signature
  • #989
  • Apr 28, 2008 9:34am Apr 28, 2008 9:34am
Quoting brok
My post regarding to this above post has been removed. All I say is that this result is wrong and the total pips for that day was exactly +50 pips. If you are going to extract this post please remove also timewilltell's post which is totally a wrong statement.

the extracted post: http://www.forexfactory.com/showpost.php?p=1965735&postcount=10
give me a break brok aka kinn. geesh. it was TRUE at the time I posted it. I WAS IN THE ROOM!!!!!!
  • #990
  • Apr 28, 2008 11:03am Apr 28, 2008 11:03am
Quoting johninthai
AS for Hosea, his calls are good, you do need to look at the charts which is a good entry/exit for the call, then again no problems with that. You can actually get multiple entries/exits if you can read the charts.

And he is very honest regarding us long term PS subscribers which we cannot say about Jason!

Hello John,

Don't know if you realise it but you have just contradicted yourself.
  • #991
  • Apr 28, 2008 5:49pm Apr 28, 2008 5:49pm
Quoting pippers
another one bites the dust! so if you got in during asia at the first entry, you just took a 200 pip loss. if you took the highest entry for a short during london, you lost 50 pips (first entry during london would have lost 150 pips)

wow, i'm sure most peoples profits got wiped out after the last 2 days. what i don't get is why is he posting riskier trades and telling us to use smaller lots. i don't like that. call the high probability trades that you were and leave these ones on the table.
That is kind of wired... I`m in the room with Hosea just for the couple of weeks and even I was stopped those two trades, the next week was a BIG REWARD...
If Hosea`s calls will be as good as they are I will be changing my mini account into standard very shortly. That is after I was stopped and had only 300 pounds to begin with.
He can not do everything for you. He gives calls but you have to use your brain as well, you know. Despite the fact that last few calls were perfect to the pip, in the end of the day this is your money, your risk and your trade!!!
Once he gives the call there is so many ways to play this trade and make more pips than just from entry to the TP point.
Plus if you see Him giving these calls where confidence level is low... DON`T TRADE THEM, BUT DO NOT DECIDE FOR OTHERS IF THE CALL SHOULD BE GIVEN OR NOT!!!

Best Regards...
Mariusz.
  • #992
  • Apr 29, 2008 9:13am Apr 29, 2008 9:13am
Quoting Chuck7070

How stupid does a person have to be to associate yourself with anything Jason Deal is involved in given his track record. Those people deserve to lose their money with financial decisions like that.


That just about sums it up. Folks there are no shortcuts or easy ways to make money in trading. If anybody is still looking to find and evaluate new signal services, well good luck with that. You guys must already have plenty of money to lose on these misadventures.
  • #993
  • Edited 2:19pm Apr 29, 2008 12:50pm | Edited 2:19pm
Quoting good
That just about sums it up. Folks there are no shortcuts or easy ways to make money in trading. If anybody is still looking to find and evaluate new signal services, well good luck with that. You guys must already have plenty of money to lose on these misadventures.
Or maybe by trading with somebody one can better understand how to trade, what to pay attention at, how to behave in different situations...

I`m not saying that all those people are good, but just by looking on the record of Hosea trading do you really think he needs to do this calls?
For me he is more helping people rather than trying to get rich fast as he probably makes enough money on his trading.
You shouldn`t really put all people to the same bucket without even knowing them.

That is just my opinion.

Best regards,
Mariusz.
  • #994
  • Apr 30, 2008 3:24am Apr 30, 2008 3:24am
Quoting hff
Or maybe by trading with somebody one can better understand how to trade, what to pay attention at, how to behave in different situations...

I`m not saying that all those people are good, but just by looking on the record of Hosea trading do you really think he needs to do this calls?
For me he is more helping people rather than trying to get rich fast as he probably makes enough money on his trading.
You shouldn`t really put all people to the same bucket without even knowing them.

That is just my opinion.

Best regards,
Mariusz.

What Record??? Where can I find his recored on a actual broker statement?? LOL We only can laugh at others stupidity..
  • #995
  • Apr 30, 2008 9:04am Apr 30, 2008 9:04am
Quoting Spanishfly
What Record??? Where can I find his recored on a actual broker statement?? LOL We only can laugh at others stupidity..

...I think if somebody proclaims themselves an expert and wants you to pay him/her for their expertise the audited trading record for at least six months is AN ABSOLUTE MUST. Don't take any wishy-washy excuses for not providing one.
  • #996
  • May 1, 2008 3:45pm May 1, 2008 3:45pm
Quoting hff
Or maybe by trading with somebody one can better understand how to trade, what to pay attention at, how to behave in different situations...

I`m not saying that all those people are good, but just by looking on the record of Hosea trading do you really think he needs to do this calls?
For me he is more helping people rather than trying to get rich fast as he probably makes enough money on his trading.
You shouldn`t really put all people to the same bucket without even knowing them.

That is just my opinion.

Best regards,
Mariusz.
Im not saying its not possible to have someone making trade calls and actually be profitable.

But hosea doesnt provide a trade log even, and he almost cant because he gives multiple "potential" enties where you pick what you want so if you lose its your fault.

why wouldnt he just tell you where he is getting in?

Im not saying hes not profitable himself, but he sure isnt much of a help to others.

Lastly, from the 1st to the 19th of april i went through every trade call (if there were 3 potential entries i took the middle) and It was in the end negative pips. I used his "lock in 5" rule, and was looking at Yahoo messenger for the cases where he says to get out early. Ended up negative and there was another loss on the 20th for 100 pips that i didnt count here.

On a different note, anyone been checking on Malcolm? Maybe hes actually good and accountable to his actual trade calls? (Twee, please do not ban anyone that might actually have something positive or neutral to say about him).
  • #997
  • May 2, 2008 4:31pm May 2, 2008 4:31pm
Quoting pdhuey2000
I appreciate all the hard work and time of the posters to this thread. It has been a good "therapy" following the PS debacle.

maybe on the blog their could be a "vendor" section and a "participant" section.

Vendors post their "pitches" in their section / Participants post response, VERIFIABLE results in their section.

Maybe it's a bad idea don't know. All feeback welcome.


thanks
Could someone direct me to the blog? Pm me please with the info.
  • #998
  • May 8, 2008 10:02am May 8, 2008 10:02am
looks like everyone has moved on with life!
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #999
  • May 8, 2008 1:19pm May 8, 2008 1:19pm
It's hard to imagine!! LOL
  • #1,000
  • May 8, 2008 2:22pm May 8, 2008 2:22pm
Hi all,

For those who have not yet tried to get a refund via their credit card company, I am in the UK and did the following over the last week and got refunded today.

Step 1 - spoke to my credit card company (Amex) and explained the whole situation to their disputes department. I was asked to get some confirmation from Paypal that they could not refund me directly.

Step 2 - spoke to Paypal and they confirmed that due to the nature of the purchase (it was not a physical good bought through Ebay) I could not raise a successful claim. I requested that they confirmed this to me in writing to my email.

Step 3 - sent a copy of the email to Amex with a covering letter, again detailing the whole situation and giving them a link to this thread.

Hopefully this is of help to those still trying to get something back.

Raj
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