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Scammers - Hall of Shame

  • #641
  • Dec 1, 2014 7:47pm Dec 1, 2014 7:47pm
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.
HI billy the pips are 1cent lol so 140 standard lot pips =14,000 daddyscam pips .dont feed the bears
https://www.colourbox.com/preview/97...blank-sign.jpg
student
  • #642
  • Dec 2, 2014 2:13am Dec 2, 2014 2:13am
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.
One of his 'minipips' is what we could normally call a pipette, so 1.30011 to 1.30012 would be a movement of 1 pipette, a movement from 1.30010 to 1.30020 would be a pip, so for each normal pip he gets 10 pipettes, so in reality...just like the rest of us....

*insert obligatory silly drawing here
  • #643
  • Dec 2, 2014 3:46am Dec 2, 2014 3:46am
Quoting GDR3k
{quote} One of his 'minipips' is what we could normally call a pipette, so 1.30011 to 1.30012 would be a movement of 1 pipette, a movement from 1.30010 to 1.30020 would be a pip, so for each normal pip he gets 10 pipettes, so in reality...just like the rest of us.... *insert obligatory silly drawing here
Hello, Thanks for the explanation and well explained. I sense something fishy is going on.
Attached Image

db smells something fishy too
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #644
  • Dec 2, 2014 6:18am Dec 2, 2014 6:18am
after ban most of us who question him ,ive never seen anyone on his thread say they are making gains ,just that fool saying it might go up or might go down and a silly drawing to follow
https://doodlehoose.files.wordpress..../badbear03.jpg
student
  • #645
  • Dec 2, 2014 6:53am Dec 2, 2014 6:53am
Quoting garrye
after ban most of us who question him ,ive never seen anyone on his thread say they are making gains ,just that fool saying it might go up or might go down and a silly drawing to follow {image}
lol, your a star garrye, good art work too.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #646
  • Dec 2, 2014 6:54am Dec 2, 2014 6:54am
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #647
  • Dec 2, 2014 1:55pm Dec 2, 2014 1:55pm
As it was already mentioned here at the beginning I believe,
the Eitan's 'My retirement method' is a pure scam.
He tells you simply that his r/r ratio is 1 to 2 (menas you risk 1 to get 2)
and in fact in reality is quite different.
I dared to say it to others in the thread to be just beware of that startegy,
and he banned me from the thread. Not to mentioned he simply
stole my money...
just beware....
Mind is the King
  • #648
  • Dec 2, 2014 1:59pm Dec 2, 2014 1:59pm
Quoting MikiMax
Not to mentioned he simply stole my money... just beware....
How did that happen?
  • #649
  • Dec 2, 2014 2:00pm Dec 2, 2014 2:00pm
Quoting MikiMax
As it was already mentioned here at the beginning I believe, the Eitan's 'My retirement method' is a pure scam. He tells you simply that his r/r ratio is 1 to 2 (menas you risk 1 to get 2) and in fact in reality is quite different. I dared to say it to others in the thread to be just beware of that startegy, and he banned me from the thread. Not to mentioned he simply stole my money... just beware....
Can you specify how did he steal your money?
  • #650
  • Dec 2, 2014 2:04pm Dec 2, 2014 2:04pm
I don't think that anyone in the commercial section should be allowed to ban or ignore anyone.
FF journal: Peaks and Troffs
  • #651
  • Dec 2, 2014 2:18pm Dec 2, 2014 2:18pm
he stole it simply saying a lie before a purchase
I asked: 'what's r/r ratio?
he answered: '2to1 - means you risk 1 to get 2
in reality is quite different....
so by lying to me he stole it....
cause if he'd say the actual r/r I think I wouldn't have bought it...
Mind is the King
  • #652
  • Dec 2, 2014 2:21pm Dec 2, 2014 2:21pm
Quoting MikiMax
he stole it simply saying a lie before a purchase I asked: 'what's r/r ratio? he answered: '2to1 - means you risk 1 to get 2 in reality is quite different.... so by lying to me he stole it.... cause if he'd say the actual r/r I think I wouldn't have bought it...
Frankly i think you have not understood much of the system.... but Eitan will reply by himself if he want ,i guess
  • #653
  • Dec 2, 2014 2:29pm Dec 2, 2014 2:29pm
Lets do some Daddybear math to examine how the ruse is being run under the "scale in" concept to boost pip count and fool people.

Currently short 6 GBP/JPY positions @ 186.79 which shows a total of 191 pips profit

Lets assume each position is an .01 lot with a pip value of .08 (actual value on .01 lot)
Each position shows a profit of 32 pips which is equal to $2.56 in actual currency
Total of all 6 positions is $15.36 profit

If he had entered one position of .06 lots with a pip value of .48 (actual value of .06 lot)
With 32 pips of profit the money value of the position is....wait for it..TaDa...$15.36

So by entering 6 smaller lots at one price he shows a profit of 191 pips which he will brag about all over his thread...HOWEVER.....the money is the exact same as 1 position.

this is how people are getting sucked in....inflated pip count to give the appearance of huge potential when in fact it is all a clever disguise.

The MONEY is what people trade for...NOT the pips...but if you are a new trader, you will be all starry eyed at making 1000 pips in one day or 14K pips in 6 weeks when in fact the monetary gain is the same as one lot.....
Plan, Prepare, Execute, Repeat
  • #654
  • Dec 2, 2014 2:36pm Dec 2, 2014 2:36pm
Quoting MikiMax
he stole it simply saying a lie before a purchase I asked: 'what's r/r ratio? he answered: '2to1 - means you risk 1 to get 2 in reality is quite different.... so by lying to me he stole it.... cause if he'd say the actual r/r I think I wouldn't have bought it...
I think also that you are wrong with that...so...first learn and than talk about who is a scam.....if you don't understand something it doesn't mean that strategy not work....so before spend to much word try to learn and be patient......
  • #655
  • Dec 2, 2014 2:40pm Dec 2, 2014 2:40pm
Quoting ginger
{quote} I think also that you are wrong with that...so...first learn and than talk about who is a scam.....if you don't understand something it doesn't mean that strategy not work....so before spend to much word try to learn and be patient......
If he was told 2:1, 2:1 it is, simple as that.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #656
  • Dec 2, 2014 2:41pm Dec 2, 2014 2:41pm
Then why the seller banned the buyer from posting in his thread after taking the money?
  • #657
  • Dec 2, 2014 2:44pm Dec 2, 2014 2:44pm
[quote=swingtrade65;7914666]Lets do some Daddybear math to examine how the ruse is being run under the "scale in" concept to boost pip count and fool people.
I like your style well done, I salute you....
Simple one,,, I am not that bright but if a multi short entry at 18646 is currently running at 18651, how come it shows a +2.7% on the daily. maybe I misread the stats. I smell bear dung
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #658
  • Dec 2, 2014 2:58pm Dec 2, 2014 2:58pm
Because he told lie..............sorry..
  • #659
  • Dec 2, 2014 3:30pm Dec 2, 2014 3:30pm
Quoting swingtrade65
Lets do some Daddybear math to examine how the ruse is being run under the "scale in" concept to boost pip count and fool people. Currently short 6 GBP/JPY positions @ 186.79 which shows a total of 191 pips profit Lets assume each position is an .01 lot with a pip value of .08 (actual value on .01 lot) Each position shows a profit of 32 pips which is equal to $2.56 in actual currency Total of all 6 positions is $15.36 profit If he had entered one position of .06 lots with a pip value of .48 (actual value of .06 lot) With 32 pips of profit the money...
while I agree a part of the post;
to be fair, it ignores 2 important facts, as I see it.
ignores the fact that the said pip count can only be achieved IF and WHEN the majority of the trades are in profit. Otherwise same fast speed all would show up as red(negative) pips; if one doesn't know what one does, this is a very dangerous double edged sword. in fairness, the curve looks good enough, and seem to have no hidden DD.
the other fact, that one can open 6 trades and be the same profit as 1 would make...correct. but also in all respect carry the same costs as 1 single trade would carry. however, since many broker's MT4 wont allow partial close, it is a possible way to address that issue. once again, no extra cost vs. 1 single larger position.
as for padded pips, refer the first part.

love good discussions, but on a realistic ground.

see, like above was discussion about pipettes...idk, I have TE, doesn't work that way to count pipettes. it counts pips for me, and assume does for everyone else...some amazing read!

peace!
there is always, always another trade!!
  • #660
  • Dec 2, 2014 6:04pm Dec 2, 2014 6:04pm
Quoting MikiMax
he stole it simply saying a lie before a purchase I asked: 'what's r/r ratio? he answered: '2to1 - means you risk 1 to get 2 in reality is quite different.... so by lying to me he stole it.... cause if he'd say the actual r/r I think I wouldn't have bought it...
So you didn't do your own due diligence? It was stated there were no refunds so you risked money you could not afford to lose?
I and many others have had no issues. Maybe it's time to look inward vice outward. All successful traders eventually learn, if they don't know it already, that they are responsible for their actions.
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