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Scammers - Hall of Shame

  • #601
  • Nov 30, 2014 12:29pm Nov 30, 2014 12:29pm
Quoting billytt
Hello again, Part 2. People are having a go at DB, I do not think he is a scammer but an opportunist .He found a niche in the market and is trying to exploit it lol, Trading method for sale,, Find a simple entry point and throw a few colours in and lines and hey presto sell the method, Someone new to trading would not know any different....
Billy... You may be right about the scammer part.... But he for sure doesn't seem to have a problem taking subscription fees from the uninformed.... In my book not sure which is worse
Plan, Prepare, Execute, Repeat
  • #602
  • Nov 30, 2014 12:33pm Nov 30, 2014 12:33pm
Billy knew you would love it here. You been on DB's new thread? Can't post there of course lol.
  • #603
  • Nov 30, 2014 12:40pm Nov 30, 2014 12:40pm
Quoting claudia1
Billy knew you would love it here. You been on DB's new thread? Can't post there of course lol.
Hi, I didn't know he had another thread, or I do not think so lol (too much cider)
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #604
  • Nov 30, 2014 12:48pm Nov 30, 2014 12:48pm
Quoting swingtrade65
{quote} Billy... You may be right about the scammer part.... But he for sure doesn't seem to have a problem taking subscription fees from the uninformed.... In my book not sure which is worse
I agree, it is a fine line between being honest and being a scammer.

edit ,,, Thinking about it, it is scamming , or taking advantage of.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #605
  • Nov 30, 2014 12:52pm Nov 30, 2014 12:52pm
Quoting billytt
{quote} I agree, it is a fine line between being honest and being a scammer. edit ,,, Thinking about it, it is scamming , or taking advantage of.
Here you go http://www.forexfactory.com/showthread.php?t=515440 I still think I can suspend him that could be entertaining.
  • #606
  • Nov 30, 2014 1:01pm Nov 30, 2014 1:01pm
Quoting billytt
{quote} I agree, it is a fine line between being honest and being a scammer. edit ,,, Thinking about it, it is scamming , or taking advantage of.
Billytt is right... I agree, it's in our business a real fine line between, even to have the best intentions, things can go wrong. And also the results from a recommendation or indicator or trading system are from trader to trader different. @claudia1 in this message, I'd like to thank you for sharing the EA.. I am testing it since 2 weeks together with a member from our trading group " Traders4Charity". Will post the results, when we have positively. Have a nice and peaceful Christmas time all.
  • #607
  • Nov 30, 2014 1:02pm Nov 30, 2014 1:02pm
Quoting claudia1
{quote} Here you go http://www.forexfactory.com/showthread.php?t=515440 I still think I can suspend him that could be entertaining.
I was also thinking about suspending him but then... as I am number 1 in his criminals list it would be like revenge, which is not good against an ill person. The more he writes the more ridiculous he becomes and even very stupid people understand what it is all about
  • #608
  • Nov 30, 2014 1:04pm Nov 30, 2014 1:04pm
Quoting Akvisto
{quote} Billytt is right... I agree, it's in our business a real fine line between, even to have the best intentions, things can go wrong. And also the results from a recommendation or indicator or trading system are from trader to trader different. @claudia1 in this message, I'd like to thank you for sharing the EA.. I am testing it since 2 weeks together with a member from our trading group " Traders4Charity". Will post the results, when we have positively. Have a nice and peaceful Christmas time all.
Thank you. If you have any questions or suggestions for changes/improvements please feel free to pm me. Regards.
  • #609
  • Nov 30, 2014 1:14pm Nov 30, 2014 1:14pm
Quoting claudia1
{quote} Thank you. If you have any questions or suggestions for changes/improvements please feel free to pm me. Regards.
Thank you very much Claudia.. Very appreciated, I was already thinking, if I can contact you.. Will pm you tomorrow, have a nice evening. Best regards Jo.
  • #610
  • Nov 30, 2014 1:14pm Nov 30, 2014 1:14pm
Quoting Indrek
{quote} I was also thinking about suspending him but then... as I am number 1 in his criminals list it would be like revenge, which is not good against an ill person. The more he writes the more ridiculous he becomes and even very stupid people understand what it is all about
You are right head criminal. Leave him be it's more fun that way.
  • #611
  • Nov 30, 2014 3:22pm Nov 30, 2014 3:22pm
Daddybear, what a manipulative seller.

He wants to prove that his system works by counting the numbers of pips: the worst part is that some people are impressed by his performance.

But when you take a look at his TE you can see that he opens lots of trade for one scenario which is very clever for two reasons:

http://www.forexfactory.com/daddybear#55-list

1) First he can say that he's making a lot pips. Some random guys are going to be mesmerized by that because they think that you need to make a lot of pips to make money which is not true of course.

You could do the same. Instead of taking 100K/trade just take 10 positions of 10K/trade. At the end of day you'll made more pips (in a very artifcial way). Just marketing.

2) The other thing is he has a small risk per trade thanks to this trick. His average loss is about 0.1% (because he splits his orders).

Therefore his system seems to be wonderful because he has a global risk (R) of 0.1% and return of 9%!!!!!

But the reality isn't like that of course because he gets more thant 0.1%/scenario.

Actually you're really cute DB. Little stupid but funny at least. Have a nice day.
  • #612
  • Nov 30, 2014 3:31pm Nov 30, 2014 3:31pm
Quoting 4xPIPAHOLIC
{quote} By the way DB having everyone ignored on your new thread does not give them the chance to answer you and defend themselves.... that is not a equal debate....(just got a pm from someone that tried to answer you) 4x
DB doesn't want a reasoned debate because he cloaks himself in vagueness. He doesn't give signals, just advices (poor spelling intentional). He uses crayon, and migraine inducing colors on his childish inane "Cartoons". If you can see the price you are doing well. Specific entry points and time are a no-no.
Someone who doesn't give you their real name, track record, and right to question is a scammer in my book. It looked so obvious when he started off in the A/U thread. The typical "I have something special coming soon for you guys...." tease tease. He really needs to go back to snake oil school. Anyone who falls for it and can't see through him...... Natural selection in my book.
FF journal: Peaks and Troffs
  • #613
  • Dec 1, 2014 12:48am Dec 1, 2014 12:48am
Quoting stewrigh
{quote} Don't know or care if you are a scammer but as Shakespeare said - '' I think he doth protest too much'' Do have a couple of q's tho. Why would someone who just made 14700 pips in a month bother to sell his system for 20c a day? It's interesting that your TE is demo - why don't you have a live acct that would carry more weight. You got 14k pips in a month and made 10% - that is absolutely abysmal ROI with that performance - can you explain. Was that performance a one off or can/will it be repeated?
http://www.forexfactory.com/attachme...1&d=1408643913leave this lowlife pos scammer in the shittter where he belongs ,run along daddyscamm with your silly drawings and silly threads what a clown you have been shown again ,how old are you about 8 years old
student
  • #614
  • Dec 1, 2014 2:14am Dec 1, 2014 2:14am
Quoting bogus
{quote} DB doesn't want a reasoned debate because he cloaks himself in vagueness. He doesn't give signals, just advices (poor spelling intentional). He uses crayon, and migraine inducing colors on his childish inane "Cartoons". If you can see the price you are doing well. Specific entry points and time are a no-no. Someone who doesn't give you their real name, track record, and right to question is a scammer in my book. It looked so obvious when he started off in the A/U thread. The typical "I have something special coming soon for you guys...."...
http://www.forexfactory.com/attachme...1&d=1417412678wtf is this junk
student
  • #615
  • Dec 1, 2014 2:51am Dec 1, 2014 2:51am
as Daddybear cannot post in this topic anymore, do you guys think itīs a good idea to discuss his charts, behaviour, or what else?
not really a sign of balls isnīt it?

regards thodie
just do it
  • #616
  • Dec 1, 2014 3:03am Dec 1, 2014 3:03am
Quoting thodie
as Daddybear cannot post in this topic anymore, do you guys think itīs a good idea to discuss his charts, behaviour, or what else? not really a sign of balls isnīt it? regards thodie
Well thodie, if we weren't on his shit list and he would let us discuss it open forum that would be a different story.
FF journal: Peaks and Troffs
  • #617
  • Dec 1, 2014 3:07am Dec 1, 2014 3:07am
Quoting garrye
{quote} {image}wtf is this junk
I don't follow DB too closely but I'd bet he hasn't explained what the crayon lines represent. There are only so many ways PRICE can be dissected, which is all indicators are.
FF journal: Peaks and Troffs
  • #618
  • Dec 1, 2014 3:22am Dec 1, 2014 3:22am
Quoting Unabletrader
You could do the same. Instead of taking 100K/trade just take 10 positions of 10K/trade. At the end of day you'll made more pips (in a very artifcial way). Just marketing.
I was going to say this, if he had made 14000 pips off different positions instead of the majority of them multiple positions from the same price, I'd be impressed, to me it's nothing more than a marketing ploy to draw in people when they see the high pip count.

And his crayon indicator looks nothing more than a few standard oscillators thrown together, given pretty colours, thicker lines and sold as something special.
  • #619
  • Dec 1, 2014 3:33am Dec 1, 2014 3:33am
GDR3K, Hi. are those 14000 pips real. He speaks about mini pips and I have no idea what a mini pip is and I do not really want to know. so maybe they are 14000 mini pips which perhaps equal 100 real pips,
Or he trades same pair long and short at same time and shows the winning pair, This is a scam in its own right.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #620
  • Dec 1, 2014 3:58am Dec 1, 2014 3:58am
Quoting billytt
GDR3K, Hi. are those 14000 pips real. He speaks about mini pips and I have no idea what a mini pip is and I do not really want to know. so maybe they are 14000 mini pips which perhaps equal 100 real pips, Or he trades same pair long and short at same time and shows the winning pair, This is a scam in its own right.
Morning Billy - think he is referring to mini lots where 1 pip = $1 as opposed to the usual $10. Have noticed one thing he doesn't seem to sleep talks to himself all day and all night.
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