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Forex Confidante Is Garbage

  • #21
  • Feb 15, 2009 2:30pm Feb 15, 2009 2:30pm
That's a fair enough post Tom. I have to admit I never gave your method enough time to learn before putting my foot in my mouth. The price projection did give remarkable results.......it's just a bit confusing since i'm not very familiar with fibs.

Anyway I think we should all act like adults and not bash a method or the person behind the method just because it's not what you or I expected it would be. And if it turns out to be too difficult or just not my cup of tea, then so be it.

thx,
todd
  • #22
  • Feb 15, 2009 5:22pm Feb 15, 2009 5:22pm
Well said, and I have no problem with that. I use Fibs extensively and so do other Bank guy and gals Just my method. Now you know as well. However I do not take kindly to Mr. Lejumeau; one attempting to rip me off and two slander me! I will be willing to explain anything you cannot understand. I usually give out my phone to talk, however I am a bit gun shy with this site, I might find it posted all over the internet.(I am Not saying you would do that but I have a bad taste in my mouth from that Lemouse character.)
Please If you need any explanation ping me. I will answer asap.
Cheers
Tom
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  • #23
  • Feb 15, 2009 5:41pm Feb 15, 2009 5:41pm
Quoting Munde
Well said, and I have no problem with that. I use Fibs extensively and so do other Bank guy and gals Just my method. Now you know as well. However I do not take kindly to Mr. Lejumeau; one attempting to rip me off and two slander me! I will be willing to explain anything you cannot understand....

Hello Tom, I noticed the name you chose for an user ID. Is your co related to the MUNDO indiex in anyway? thanks.
  • #24
  • Feb 15, 2009 5:58pm Feb 15, 2009 5:58pm
No, In the heat of the moment two days ago I just picked it out of thin air.
LOL.
Cheers
Tom
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  • #25
  • Feb 15, 2009 6:03pm Feb 15, 2009 6:03pm
Quoting Munde
No, In the heat of the moment two days ago I just picked it out of thin air.
LOL.
Cheers
Tom
Yes I can understand your outrage. It really pisses me off when people steal intellectual property. thanks for your answer.
  • #26
  • Feb 15, 2009 7:17pm Feb 15, 2009 7:17pm


Finally, the Real Deal is here to explain everything...

& i can't believe he is really here....

looks like there has been a misleading thread here

but i guess it has been well said by Tom ( munde)...

anyway, sorry to tom about this thread...
although i didnt start it, but i still owe you an apology for joining the crowd...
hope you don't mind...


Regards
  • #27
  • Feb 15, 2009 8:40pm Feb 15, 2009 8:40pm
Quoting onry


Finally, the Real Deal is here to explain everything...

& i can't believe he is really here....

looks like there has been a misleading thread here

but i guess it has been well said by Tom ( munde)...

anyway, sorry to tom about this thread...
although i didnt start it, but i still owe you an apology for joining the crowd...
hope you don't mind...


Regards
No worries,
I can understand you, My publisher told me most of these systems or books for sale are done by ghost writers. When he approached me about this project I was hesitant, because I did not know what information people would need. Not that I am the end all be all. I am not. So I wrote something for the newbies and added a slight more advanced trend line price projection technique. It was my intent to put out something people could use as a tool to one preseve capital first, make money second.(knowing wher support is and resistance helps preserve capital) My mentor Aldo Pizzoferrato always said in trading the first step is not to lose, the second step is to make money. I would be happy to answer any questions anyone would have.
I can only give a bank traders perspective, its the only one I have.
Feel free to shoot me any questions.
Cheers
Tom
PS If you want to get a feel for my styke of trading I have one of my techniques on Ezine Articles, Google my name Tom Strignano
Read the article Gann Ideas Pivot Points and Fibonacci
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  • #28
  • Feb 17, 2009 5:39am Feb 17, 2009 5:39am
Quoting Munde
No worries,
I can understand you, My publisher told me most of these systems or books for sale are done by ghost writers. When he approached me about this project I was hesitant, because I did not know what information people would need. Not that I am the end all be all. I am not. So I wrote something for the newbies and added a slight more advanced trend line price projection technique. It was my intent to put out something people could use as a tool to one preseve capital first, make money second.(knowing wher support is and resistance helps preserve...

Good thing that you're not upset..haha
& thanks for the reply..
well, i sense that there's really a veteran among us here...haha

but from what i can read in this thread, there's one who actually seems satisfy with your system...now i wonder if what you said was right..
time to let it into practice, hence understand it.

so, from what i know about Fib...it really takes understanding before we could really put it into practice. so, i guess your system need to have some time to digest it 1st before we could say anything.

but anyway,
this goes to Tom ( Munde).
if it is not too much to ask, can you make a video on your live trading..not demo account but real one.. from entering the trade till end of the trade.
say maybe if you post that kind of video, people might not just get mislead, as they see live & real results.

well, i don't know much about this, but im just suggesting. it's your call anyway.


Regards
  • #29
  • Feb 17, 2009 6:24am Feb 17, 2009 6:24am
I give a detailed explanation of How I apply fib ratios. I have two distinct ways of calculating with them.One if I am just attemping to price project("What If "scenarios.. What if we break this resistance? What if we break Support?)
And another if we break the line. For me a break of a line is 13 pips deep. It does not have to close below it, It just has to pierce it by 13 or more pips.Now with that said, it may retrace back but I have found that it will break eventually. Eventually is within the trading session..Not 400 days later.lol. So here is a tip, you fist have to know how to draw these lines. I show that. My lines are very reactionary, because they are Commercial Bank Lines so to speak. That what Todd was saying above,, how the price projects are spot on. I do have videos out showing the techniques, and more bonus videos on the way, I will even show a bad day as soon as I get one,(We are running very positive at the moment, but all good things come to an end and a draw down will happen..I don t know when, Just that it will.) And I will show that. It is more important to see how to cut losses, Most people have no problem taking profits. As a matter of fact most people take them too early. It is the losses that they have problems cutting.
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  • #30
  • Feb 17, 2009 1:46pm Feb 17, 2009 1:46pm
Tom one thing I don't understand is WHEN do you enter the trade. Are you entering once it breaks the trendline 13 pips deep?

thx,
todd
  • #31
  • Feb 17, 2009 6:24pm Feb 17, 2009 6:24pm
Quoting todd960960
Tom one thing I don't understand is WHEN do you enter the trade. Are you entering once it breaks the trendline 13 pips deep?

thx,
todd
Todd
I think you might be confusing a few techniques.
Yes I will sell a break if a support or Buy resistance if it pierces more then 13 pips. If it is just a straight trade not based on anything but the line I will put a 33pip S/l from the value of the line.
If I am trading the Codex it is time verse Price I list all the times in the book when to sell or buy right?
Example: this morning go and find the prices verse the time you will see we got a sale against the euro. We popped up a bit to resistance 1.2630 then made the move down, and hit an hour fib level at 1.2560ish. You can calculate that point yourself I give you the method in the book. We banged off 1.2563 like 6 times.(Fib point AT 1.2560) It just would not break. I squared my position at 1.2576 Most people who traded today booked about 50 pips.
I think you bought the book right?
You can see the time series on page 100.
Any way any other questions and I would be glad to help.
Cheers
Tom
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  • #32
  • Feb 17, 2009 7:25pm Feb 17, 2009 7:25pm
hmm..

I thought the videos is showing all of the steps...

since we all say a picture can show a million phrase...


ohh...by the way..,this goes for tom...
i think you better create another thread on your support in this forum. i(f you want to)
coz i think the title of this thread is not so adequate for your Q&A here.
& if you can still remember...( haha), the title for this thread is " Forex Confidante is G#@&%$#"....

so, how about we leave this mis-leading thread & create a decent one


Regards
  • #33
  • Feb 17, 2009 7:33pm Feb 17, 2009 7:33pm
Quoting onry
hmm..

I thought the videos is showing all of the steps...

since we all say a picture can show a million phrase...


ohh...by the way..,this goes for tom...
i think you better create another thread on your support in this forum. i(f you want to)
coz i think the title of this thread is not so adequate for your Q&A here.
& if you can still remember...( haha), the title for this thread is " Forex Confidante is G#@&%$#"....

so, how about we leave this mis-leading thread & create a decent one


Regards
Well I agree the title is not appropriate, however if you open a new thread outside of the Recycle Bin, It will be trashed and the person starting it will be banned for violating rule #1 of the forum. So if you want to continue maybe it is better to stay in the dumpster for now. I don't mind dumpster diving. Just a word of caution.
  • #34
  • Feb 17, 2009 9:38pm Feb 17, 2009 9:38pm
Quoting thatwasme
Well I agree the title is not appropriate, however if you open a new thread outside of the Recycle Bin, It will be trashed and the person starting it will be banned for violating rule #1 of the forum. So if you want to continue maybe it is better to stay in the dumpster for now. I don't mind dumpster diving. Just a word of caution.
I have no idea about this stuff..so I will do what ever you forum experts say.
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  • #35
  • Feb 17, 2009 10:00pm Feb 17, 2009 10:00pm
Quoting onry
hmm..

I thought the videos is showing all of the steps...

since we all say a picture can show a million phrase...


ohh...by the way..,this goes for tom...
i think you better create another thread on your support in this forum. i(f you want to)
coz i think the title of this thread is not so adequate for your Q&A here.
& if you can still remember...( haha), the title for this thread is " Forex Confidante is G#@&%$#"....

so, how about we leave this mis-leading thread & create a decent one


Regards
Yeah i have to do more Videos..I started today so Give me some Ideas on What you would like to see a technique on. I will send you some bonus material. I need to know what you guys are hungry for.
I will try and help.
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  • #36
  • Feb 18, 2009 1:27am Feb 18, 2009 1:27am
Quoting Munde
Yeah i have to do more Videos..I started today so Give me some Ideas on What you would like to see a technique on. I will send you some bonus material. I need to know what you guys are hungry for.
I will try and help.



well, sir...what can i say...haha
we maybe hungry alright....but i would always stick to one of my principle of living; when it comes to "road to success"...

" Give a man A Fish, & he'll eat it for that day; Teach a man how to fish, & he'll eat it everyday for the rest of his life "


so, what am i hungry for?

i think it will be your guidance & your Teaching

Regards
  • #37
  • Feb 18, 2009 10:29am Feb 18, 2009 10:29am
I read the Lejumeau review with great interest. It has opened my eyes as to how unreliable reviews can be. I find myself reading reviews of products and or services that I know nothing about. In many cases I have relied heavily on these reviews to make my decision whether to purchase or not.

Now to my point. For more than a decade I was an independent floor trader at the Chicago Board of Trade and Chicago Board Options Exchange. I traded my own funds and owned my own seat. I survived (in a trading context) the assassination attempt on Ronald Reagan as well as the Crash of 1987. I tell you this not to brag but to give you a sense of my experience.

I left the floor in 1988 and have had no interest in returning to trading until now. Forex Confidante has renewed my interest in trading. The "Golden Rules" found in the book are worth whatever you might have in your trading account. Tom is warning people that if the rules are violated you will perish. If that isn't worth the cost of the book you are in the wrong business.

If a successful trader is worried about $77.00 he might not be as successful as he might hope. Many years ago I was taught that "the market will seek out and find your weaknesses. When they are found the market will exploit them and use them against you. The single best defense against your weaknesses is discipline."

If people take the time to read the book before making ready, fire, aim comments they will actually learn something. Tom points out how useless paper trading is. When I first started trading I was a paper trader. During that blissful period I became more successful than George Soros. That bliss was harshly interrupted the first day I got in a pit and traded for real. The description of being "scared to death and paralyzed" suddenly had new meaning.

I won't belabor trading war stories. What I will say is that Tom has restored my interest in trading and I will resume shortly. The book is loaded with pearls. Read it, understand it and take it to heart. There are a couple of ways to look at the purchase of the book. First, if a reader learns that they don't have the discipline to trade then they have learned a lesson that will save them all of the money they planned to put in their trading account. In that case the $77 is cheap. Really cheap! Second, if the reader pays attention and learns that they have the discipline to manage their money, trade using the parameters Tom has laid out and work hard at becoming a professional trader then the $77 is cheap. Really cheap!

Buy the book. Learn something about yourself, learn the lessons from a professional trader and you just might become a professional trader yourself. Either way you win!

It is never too late to teach an old dog new tricks. I learned that you have to be careful about what reviews your read!!!

Some people think and some people think they think!

Thanks Tom for your book and re-igniting my interest in trading.

Kelldog
  • #38
  • Feb 18, 2009 2:03pm Feb 18, 2009 2:03pm
Tom is definitely a Bank Dealer (ex probably). You can find articles by him in several publications, using google. I actually spoke with him on the phone about an hour ago and I am convinced he is who he says he is. His book should not be marketed the way it is being marketed, because it is not for a beginner. The first part is good for beginning intro, but the part 2 of the book is more advanced than any beginner would understand. They would have to take apart what he says and think hard about the concepts and break them down.

I must say that the editing on the book is not so good, but I really don't care. This is a trader talking trades and technique.

This is my review of the book after having read it a couple of times.
  • #39
  • Feb 18, 2009 10:22pm Feb 18, 2009 10:22pm
This Goes for Tom (Munde)

In your past experience, especially during this time around, when market is about or begining to crash ( recession, depression). would any of the trading technique you've known survive in those days..

i mean, im a bit worried about all the veteran traders & ppl who had been saying that this year would be the worst recession ever in history...even the market analysis in major news are commenting this issue...

but anyway, i wish to hear from someone who had experience this before...
hope Tom would give some advice here...


Regards
  • #40
  • Feb 19, 2009 11:27am Feb 19, 2009 11:27am
Quoting onry
This Goes for Tom (Munde)

In your past experience, especially during this time around, when market is about or begining to crash ( recession, depression). would any of the trading technique you've known survive in those days..

i mean, im a bit worried about all the veteran traders & ppl who had been saying that this year would be the worst recession ever in history...even the market analysis in major news are commenting this issue...

but anyway, i wish to hear from someone who had experience this before...
hope Tom would give some advice here......
If it all crashes we are in the same ship..If you believe that and many people do you need to by Tangibles..Gold, Silver, Platinum. Some people are also saying that the USD will no longer be the Reserve CCY of the world. That has been happening for sometime, many central banks have been divesting US assets since 1995..Taking on a more Euro debt. It will be very intresting to see, with US Intrest Rates at close to Zero, How are we going to fund our Debt load? Who is going to buy our assets? The next treasury auction .will be fun to watch
The Dow is expensive for me at this price.
I will give you my Technical levels Below 8260 Short
We are on our way to 7260. If that goes we are on our way to 7000 if we break...
6486..
I do not trade economic data just technicals..
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