Are there any Large Lot Traders here? | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VennD - Any Pairs - Any Style - Any Time 741 replies

Is there any one who could recommend me any LongTerm strategy 24 replies

BUY run profit 1 lot, SELL LIMIT 2 LOT down again n BUY 1 lot - EA Reqd 5 replies

How Do You Measure Volatility For Any Currency Pair? Is there Any Website/Indicator? 1 reply

Attachments: Are there any Large Lot Traders here?
Exit Attachments

Are there any Large Lot Traders here?

  • #161
  • Sep 23, 2014 11:07pm Sep 23, 2014 11:07pm
Quoting FXMasterSK
{quote} All I can say is that he was nice enough to answer serious questions about what he does.
+1

However, looking at his previous posts, I don't doubt for a second he's a successful trader nor do I doubt the claims to millions he's made.
  • #162
  • Sep 24, 2014 12:05am Sep 24, 2014 12:05am
Quoting PayTheLimit
so can someone, who has read this thread in its entirety, in a sentence or two, tell me what the hell its about...
He said it in his first post...

Quoting dancingphil
one of my students
  • #163
  • Sep 24, 2014 12:40am Sep 24, 2014 12:40am
Enough of the scam talk, now lets get down to the fun part. Lets see who's got the biggest GENS! EVERYBODY PANTS DOWN!!! http://www.sherv.net/cm/emoticons/mo...moony-wave.gif
  • #164
  • Sep 24, 2014 12:52am Sep 24, 2014 12:52am
Quoting Makavell
Enough of the scam talk, now lets get down to the fun part. Lets see who's got the biggest GENS! EVERYBODY PANTS DOWN!!! {image}
DancingPhil gets suspended and you get to stay with posts like that???
Come on
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #165
  • Sep 24, 2014 12:55am Sep 24, 2014 12:55am
Quoting anthm
{quote} DancingPhil gets suspended and you get to stay with posts like that??? Come on
At least I wasn't trying to steal candies from clueless kids
  • #166
  • Sep 24, 2014 1:00am Sep 24, 2014 1:00am
Quoting PayTheLimit
i think we should discuss how large our genitalia are...
Common bro, lets get this over with! I hate suspense!!!
  • #167
  • Sep 24, 2014 1:12am Sep 24, 2014 1:12am
Quoting Makavell
{quote} At least I wasn't trying to steal candies from clueless kids
Point out where he was trying to steal anything from anyone.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #168
  • Sep 24, 2014 1:14am Sep 24, 2014 1:14am
Quoting Makavell
{quote} They start with an innocent question and then suck in as much stup newbies as they can who overtime will now be practically eating from their palms. somewhere arround this stage they then introduce a wonder EA with secret weapons that very few millionaires know about and at this stage they direct all interested stups to a different private chat room where they'll eventually be slaughtered. The next time youll hear from the stups is when they come back here to complain about the scam to FF mods and the general public.
None of which has happened in this thread, or any post EVER from dancingphill.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #169
  • Sep 24, 2014 1:22am Sep 24, 2014 1:22am
Quoting dancingphil
Hmmm, I'm getting tempted to have a play . I see that Owen Kerr, 50% owner and CEO of Pepperstone just cracked the Richest 200 list in Australia at $250,000,000. Not bad for a young turk of 30 who only started the business a few years ago. Word is he will float the business next year, which sadly will probably fuck it all up. I've enjoyed working with them these past years. I agree you have a great system. Amazing that you poured so much into it for all that time. So I'm not surprised you closed the thread with so many muppets out and about. {quote}...
Yes, Pepperstone has been a great broker so far.....I hope it continues.

I'm using a different system to the Genesis system now....a system that I developed and have had help with refining from a couple more Kiwi's and an Aussie! The Genesis system is still a great system and still works really well, but I have another way now that has a slight edge over Genesis.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #170
  • Sep 24, 2014 1:44am Sep 24, 2014 1:44am
Wow.

I cant believe how negative the majority of people here are.So glad I dont spend too much time with the idiots.

Funny how the successful traders often agree with each other and how the unsuccessful traders often agree with each other.

I cant believe people think it so far fetched to trade this big

Here is my trade from today using the genesis system found here at FF for free. http://www.forexfactory.com/showthre...68#post7757868
Looks exactly like yesterdays trade.I dont think that is a random at all.Nice move on Frankfurt open and stops at the Asian low.Same old same old.
Is it so hard to believe that in 10years from now I might be trading 100 lots on the same trade I have been taking everyday.If you think so then you are very limited in you thinking but that is okay with me and others who believe that it is possible.

PS - Do you think DancingPhil give as sh!t about idiots here on FF.He is most probably sitting have a nice sun-downer while all the idiots here are posting from their office computer.He knows that and so do you.

Enough negativity from me now.Im becoming like the idiots here.
Attached Image
We miss 100% of the shots we don't take
  • #171
  • Sep 24, 2014 1:48am Sep 24, 2014 1:48am
Quoting realjumper
{quote} Yes, Pepperstone has been a great broker so far.....I hope it continues. I'm using a different system to the Genesis system now....a system that I developed and have had help with refining from a couple more Kiwi's and an Aussie! The Genesis system is still a great system and still works really well, but I have another way now that has a slight edge over Genesis.....
I would be thankful if one day you would share it because if its a little better than Genesis then wow

All the best

Rooi
We miss 100% of the shots we don't take
  • #172
  • Sep 24, 2014 1:51am Sep 24, 2014 1:51am
Quoting FXMasterSK
{quote} Basically dancingphil started a thread to discuss large lot size trading and was answering questions about his trading and what he does. The usual FF crowd quickly joined in and started calling him a scammer and liar (he has supposedly made more than 70 million from FX), which he chose to ignore. Since then, he has been mysteriously temporarily banned by a senior member. I can't say for sure whether he is the real deal or not. All I can say is that he was nice enough to answer serious questions about what he does. He has mentioned he doesn't...
Excatly this is what i meant when i commented on the thread after much troller came in, and guess what i got in returns? load of ignore
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #173
  • Edited 2:26am Sep 24, 2014 2:15am | Edited 2:26am
Interesting thread of a sort, but playing the whale makes you a target of the market makers

....the good ones will let you have some profit then piggy back your trades (avg £50-100K)
....then when they have decided to reign you in they will place you on manual handling

(std is you cannot close a position & need to call their dealing desk, or a margin call that should not happen)
(or the phantom losing trade that you did not place ....pretty common...for the dodgy brokers)

best advice I can give if you're using normal brokers (market makers) is spread your accounts

ie 10-20 separate accounts with different brokers (always regulated) with an api link
a single broker will get nasty if you are pulling large profits from your account but if your 20+ brokers see you've only made £1-2k in a month they aren't too fussed & tend to pay up. after all doubling a £1k account is pretty easy over a month multiply that by 10-20 & suddenly it becomes worthwhile

On a personal note there is no holy grail EA, just the way metatrader is written precludes any indicator working 100% as it can be interfered with by the broker @ their end.
  • #174
  • Sep 24, 2014 3:07am Sep 24, 2014 3:07am
If you were a multi-millionaire why would you even waste your time on an online forum, let alone give two hoots about the opinions of anonymous posters on the internet? The effect of greed and hope on the human brain is amazing, no wonder there are so many forex gurus.
  • #175
  • Sep 24, 2014 3:53am Sep 24, 2014 3:53am
Quoting lcy723
If you were a multi-millionaire why would you even waste your time on an online forum, let alone give two hoots about the opinions of anonymous posters on the internet? The effect of greed and hope on the human brain is amazing, no wonder there are so many forex gurus.
Why not?

Was he always millionaire or he strugling like all of us at begginings?

Is it shame to have good heart and share things....Are every good and profitable trader who share strategies, advises here idiot and ''forex guru''?

How can this world move forward if you think like that....I agree that many of them are scammers but did he offered and sales things here? I don't see it do you?

DON'T JUDGE,and at the end of it,you don't have to pay anything if you don't want,everyone decide by his own,but why judge?

Better to be quiet sometimes than talking about things that even non exist on this thread....

We would all like to see millionaire here to teach us and give us few advises,but on the other hand if we see one we will attack him and ready to shut him...

Is there any sense in it?

If Soros or Buffet comes here would you believed or you would say'' yeah right he makes millions?! this is talking without any sense in it,better to be quit than''

If you can learn here something (now you cannot because the same types of words blocked Phil not even getting the chance to him to say and answearing questions to us who ineterested'') than stay and learn if you want to judge be a lawyer or referee....

Everyone here make own decidions but why bad words,if he lying stay away and thats it....

Now I am ready for attacks !
Attached Image
  • #176
  • Sep 24, 2014 4:00am Sep 24, 2014 4:00am
Quoting lcy723
If you were a multi-millionaire why would you even waste your time on an online forum, let alone give two hoots about the opinions of anonymous posters on the internet? The effect of greed and hope on the human brain is amazing, no wonder there are so many forex gurus.
Surprisingly accurate statement......I did find the greed being the major motivation on the newbies trying to move up the ladder

& the attitude change when they got a spot & hit serious pay & bonuses .....(think cute slobbering puppy turns into rabid werewolf)
so no you will not find any such creature on a forum unless they are trawling for clients (suckers) with large bank accounts to drain

You might find a few burn outs that haven't been charged ...lol.....but they usually end up working for brokers....(0-morals being a requirement)

think for a second how £125k p/m + bonuses would affect you ......most turn into arrogant jerks
  • #177
  • Sep 24, 2014 4:45am Sep 24, 2014 4:45am
Quoting zax1150
{quote} Surprisingly accurate statement......I did find the greed being the major motivation on the newbies trying to move up the ladder & the attitude change when they got a spot & hit serious pay & bonuses .....(think cute slobbering puppy turns into rabid werewolf) so no you will not find any such creature on a forum unless they are trawling for clients (suckers) with large bank accounts to drain You might find a few burn outs that haven't been charged ...lol.....but they usually end up working for brokers....(0-morals being a requirement) think...
So, is that how you picture yourself in the future, if you happen to hit it big?
If yes, I feel sorry for you!
there is always, always another trade!!
  • #178
  • Sep 24, 2014 5:03am Sep 24, 2014 5:03am
Quoting profitfarmer
{quote} So, is that how you picture yourself in the future, if you happen to hit it big? If yes, I feel sorry for you!
Sorry to disillusion you that's how I was.......
  • #179
  • Sep 24, 2014 5:53am Sep 24, 2014 5:53am
Well I do have a few dollars at a go. but broker caps it at 10 bucks.

Dancingphil, which broker you use that lets go hold 500 lots in a currency?
  • #180
  • Edited 8:10am Sep 24, 2014 6:13am | Edited 8:10am
Danicing Phil will tell you "no hes not accepting students" then he will email you back, "well... ok send me $1000 and you can be a student" to join his little club of 28 "students" who all paid him $1000. So hes made $28k of forex right there. how many of you can say that? So hes looking here for more cash cows to teach his method. Well here it is:

countertrend entry at Japan market open at the bounce off the ADR or a pivot point, to set a 5-8 pip BE or hit a 15-30 pip profit, or hedge at 11 pips loss. However, if you get hedged, he has a cockamamey system to close the hedge whereby you "wait until the price is in the top 5% of the computer screen or the bottom 5% of the screen to release one side of the hedge, then you look for another lucky entry to close the other side of the hedge.

red flags:

1. he offers no proof. only talk.
2. stupid system principles such as bounce off this or that ATR daily average etc, and closing part of a hedge in the top or bottom 5% of the screen then look for another lucky break to close the other part of the hedge. dont trade during NY and UK. No "real" rules to the system.

-- what this gets you is this, you get stuck in a hedge for weeks, but as Phil says, at least you are protecting your balance right? (although not making shit for money)

3. he talks tough (mean) on his forum to anyone who questions why he is the only person that makes money with his system (although he offers no proof)
4. as an "apprentice" to him, after not showing up at his forum for a year, he never once emailed me to check on me. If i had students i would take a personal interest in them, this guy is just an asshole to his students, but he waives that 50 million profit over their head to get them to stay in the forum and participate making it "look good" as though people are "participating" thinking hes going to enlighten them. if they leave, then he made a cool $1000 and labels the student "a quitter".

dancingphil is a scammer preying on good hearted adventuring people. I paid the $1000 thinking I would get something, but truth is, i had already been through this system before i even met him, and it is not a reliable system in any way shape or form. It was a big dissapointment, after learning his so called rules, i was like "is that it?"

I did get my $1000 worth though because i get to see posts like this from the other side of the looking glass.
1 trader viewing now