DislikedEdgetrader/ExpatXXXX/Keith: We have several public and private reports that you have scammed investors out of money after being banned from FF for soliciting funds (http://www.forexfactory.com/showthread.php?p=2081716#post2081716).......Ignored
It seems the question needing answered simply am I a scam artist and what are my intentions with this thread?
Lets see if it is fact or unsubstantiated opinion that rules the day here.
If you'd like to defend yourself from these allegations please do so in this thread.
Fact #1
At no time was there ever a conscious or unconscious effort to scam any FF member or follower out of their funds.
In support of this statement I can only draw your attention to the following postings in the 'Scalping the EUR/USD Effectively' thread. They are indeed the salient points of consideration.
A. Posting #916 (pg. #62) clearly alludes to the FACT that it was individual members of the thread who ASKED that some of their funds be utilized in a investment operation that was to be set up as a managed account. Again, they ASKED for some funds to be traded.
B. Subsequent to their ASKING for their funds to be traded, the usual garbage commonplace on FF ensued whereby it is made crystal clear in posting #1675 (pg. #112) that it was the individuals alone who ASKED that their funds be traded. As such, it would take only an elementary school education to use simple deductive reasoning to ascertain that at no time was any individual member of FF actively solicited in any manner for funds.
C. At no time during that threads life were any FF members asked, required or solicited to visit or sign up with any commercial website vehicle lending itself in any manner to that of being a brokerage, investment firm, managed account operation or anything else that REQUIRED any private funds of any nature.
D. As confirmed by one of the very individuals initiating this witch hunt referring to themselves as 'PipSqueak', posting #1811 (pg. #121, par. 2), it is clearly stated that, and I quote, "Expat got banned for talking Managed Funds. But its quite clear he was persuaded by others to start it up, he wasn't spamming people to sign up".
It was those individuals themselves, those same few who are now crying to you, along with some of their buddies, who engaged in solicitation efforts. Further, it is partially the actions of those who complain to you that caused an initial thread that was meeting the trading expectations of many to be closed.
E. As is also evident from 'D' above, the thread was closed for 'talking' about managed fund to be specific. Not for solicitation of funds as stated in you posting. I realize you simply utilized a rather broad rule in doing such, but we are talking FACTS here. While I find no fault in FF for doing so, I just want to be crystal clear in this communication.
F. Regardless of the outcome of a 'private' enterprise willingly entered into by all parties of their own accord, there has never been any legal action initiated, pursued or completed of any nature and at any time. There is simply no supporting documentation provided to you that can dispute this, or any other fact provided you.
I am not aware of the evidence material needed to defend an allegation set forth in a public forum such as FF. As it is run at the whim of the admin. staff, with but a few general rules to operate by, it is clear that any decisions are based upon considerations that are not legal in nature.
It seems likely that it is the best interest of the FF integrity that is of paramount concern.
As such, I have no legal standing here and am simply forced to apply basic civil law as my basis for defending even these empty allegations. So, U.S. civil law provides that the basis of conviction of an allegation be based on the 'preponderance' of evidence material submitted in support of said allegation outweigh that of the evidence submitted to refute such! In short, the allegation need only be determined as MOST LIKELY true as opposed to false.
Am flying blind here as you have the position of being judge, jury and executioner. I neither get to face an accuser nor review evidence to support their claim. I do no get the benefit of discovery nor do I get due process. All one get is a posting that someone has accused a person of something, either defend the allegation or you are out of here.
Regardless, it is very clear to anyone that you have only a disgruntled few that willingly entered into a private investment that did not perform well. In addition, you have the posting of at least one individual involved in such that they lost 15% of capital brought into the investment and was, upon request, immediately returned the FULL amount of the balance.
Further discovery on your behalf can also only show that initial funding of this 'private' venture was with a brokerage of that groups CHOICE!. In addition, the subsequent transfer of funds to a different brokerage was again at that groups CHOICE. That transfer DID NOT entail utilizing all remaining funds. As such, a substantial potion was at that time RETURNED to these individuals (at their REQUEST and CHOICE) as they were not needed based upon the difference in leverage provided by these two brokerages. The first offered only 50:1 leverage whereas the latter offered 400:1 leverage. This obviously allowed trading with far less margin requirements thereby requiring far less funding.
There is no evidence material set forth to either myself, this thread, or any other individual (other than supposedly yourself) to support their allegation of being scammed. There are no records of civil or criminal claims either filed or pursued, no records of any law enforcement involvement, no records in this or any other thread of these individuals being solicited or coerced in any manner to provide funds of any nature.
As such, there is no material available to support an effort to either initiate or perpetuate a fraud scheme, or 'scam'. So, I myself can only categorically deny that and offer the above as evidence to support my denial of such.
In response to your thread intent inquiry.
[i]Please also clearly state your motivation for this thread and your future plans in regard to offering managed accounts/product/services to Forex traders.
It has from thread initiation until present consistently been stated as to my intent. That is to provide a trading methodology and plan that allows those who choose to do so develop their trading skills sufficiently enough to warrant their considering trading for a living at some point.
No posting within the thread can be construed as being counter to this perceived mission statement of sorts. I have never in the past, nor planned in the future, to ask for or demand any manner of payment for this information. It would be patently absurd to solicit for some manner of monetary compensation as the entire FF community already has the trading information needed to succeed in their hands. It was free of charge and nobody can allege any strings were attached.
Overall, the FF community has gained a fair amount of information at no cost to them ever. That is certainly in the spirit of the FF mission statement, that of SHARED information.
In addition, the FF community has further gained by my providing only viable trading plans in general. Any plan can be trading successfully if traded with common sense and discipline. These plans have had hundreds of FF followers and visitors well satisfied with both content and simplicity of operation. Sure, not everyone in FF agrees, but that is par for the course.
Lastly, my meager contributions also have allowed two other threads be started and operated by their creators as they see fit. While I have no input as to the operation of those, it is a simply fact that they too are an indirect result of my unselfish and cost free efforts provided this forum.
While not attempting to be a braggart, it is simple fact that my efforts here in FF have contributed to virtually thousand of individuals having an opportunity to demo trade a methodology or p trading plan at their own pace in order to ascertain viability as a potential addition to their trading arsenal portfolio. That is EXACTLY why FF exists and I will never admit to deceiving any person what so ever in that regards.
Lastly, I did indeed intend to open a new thread with regards to Nitro, which is nothing more than a progressive trading plan derived from my previous C4 thread submission. Was nothing sinister about that either, just an effort to separate the plan from C4 in order to offer less confusion to FF members.
Obviously, current thread followers have decided to attempt that on their own from what I have read today. Naturally, that would not be considered if many individuals were not having increased productivity by working with that offered freely to them.
[b]These are the facts, and they are indeed indisputable. Simple solution is to close the EU thread permanently, allow me to continue to help whom I can via what is in place as of this response posting and to at least expose the screen names of every individual who has supposedly contacted you claiming I engaged in an attempt to commit a felony crime. These people, along with their friends, are the ones people should be wary of.
I am no Bernie Madoff and no I am not 'Lohad'. Sorry to see Lohad even mentioned with this crap. Be assured, if rightfully vindicated, I have followed the postings of Artov and some others. 'Iggy' will be busy if I am allowed to continue.
Hope this response is sufficient to allow you to make a reasonable and correct decision in this matter Twee. While it is easy to sacrifice just the one, it is a more complex decision to sacrifice hundreds of members and visitors, some putting forth some real effort at bettering themselves, for a few individuals who would lie directly to you in order to seek vengeance for a poor decision they made.
Ask these same folks how many calls and threats were made through my daughters regarding this thing. Bet they deny that but then again, they are not being charged with anything now are they? Still, is indicative of both their character and decision making process.
Highest Regards.
P.S. As this may be my last posting depending on FF admins decision, and for the thread followers, here are my trades for this morning. The plan is intact and works well. Best of luck to you all.
LEARN AND EARN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Attached Image (click to enlarge)
