Breaking News: CFTC charges FXCM with undercapitalization

LOL !! Bruce was a kick !!

He scammed so many noobs from the Oanda forum thats not even fun.

If he is still kicking there is a possibility he is in jail.

I vaguely remember something about he being in trouble with the Canadian authorities, but I'm not sure

Back in 2007 he said he was 65 years " young" as he used to say.

Hard to believe anything the guy posted but if he was telling the truth he is an old man now.

Anyways....Bruce, Felix Homogratus, Rob Grespini, and CrazyCat (their squire) bring me some weird nostalgic memories when I started that crazy trading life

You read like a Groupie, congregating and commiserating over victories you never had. That's what non-Traders do in these forums today. You were back in 2007, great. I was here the first week this board went up. I was there when MoneyTec went up. I was there when T2W went up. I was there when EliteTrader went up. I as there when DailFx went up and down. I was there when TradeStation went up. I was there when eSignal went up. I was there maintaining an eMail list of 35 people while sharing parts of my early research.

I was there when a Canadian restaurant owner learned enough from my research to go out and take the initiative on his own to build a Trading System that allowed him to leave the restaurant business forever (so I like Canadians, just not the arrogant idiot types). I was there when a Trader from Arizona, took what I had shared with him to go build his own successful Scalping Trading System (so I like Arizonans, just not the unethical types who take your ideas and then sells them as Donationals online). I was there when there was no there there. And, I was StealthTrader before StealthTrader was StealthTrader.

The problem with Trolls is that they think themselves to be a kind of Police. They're like Crime Watchers except they never stop the actual Crime taking place right under their nose when that rape victim is being brutalized in the house next door where they constant hear the beating but never actually call the real Police. I have watched these once formidable boards turned in a den of heathenish morons as both Commercialism and Trollism spread like wildfire to destroy what was once a beautiful paradise of learning, sharing and development of trading skill.

You have not one clue about that which you profess to understand about either this business or this community. I watched the entire online trading community launch and I can say without fail that I KNOW a Troll when I see one.

Now, you see the market in two dimensions like this:




I see the market in three dimensions like this:



I operate within a dimension of the market that you can't even see and that you don't even know exists. So, how it is possible that can know what the hell I'm talking about, or know that what I do is bullshit?

There is nothing wrong with pushing for a centralized exchange for foreign currency to be traded on; that's what we all want. But the problem is that's NOT what idouble is pushing for. He's just pushing everybody to call this futures broker under the guise of asking this futures broker to somehow build an exchange for forex traders. A centralized exchange is highly unlikely to be built by just one broker so what this guy is doing is quite obvious, shamelessly pushing for more business for this futures broker.

A centralized exchange already existed before for foreign currency, unbeknownst to me, called FXMarketSpace, a 50/50 joint venture between CME and Reuters. It started in 2006 and ran quite well until it was closed down in 2008 unfortunately. So if we want a REAL exchange for foreign currency, CME, Reuters and Big institutions like Deutche, Citi, and etc. are the ones that we need to contact because they are the ones who have the real power to establish an exchange not a futures broker who has a biased interest to scoop up all the retail forex business it can.

Your favorite wall of text just got published. Now he's "operating in another dimension of the market that we can't see"...

Oh God we need to alert the mental institutions. I thought at first he was just an annoying salesman now I realize you are right, he's delusional and psycho that really needs to be put in a strait jacket.

Idiot. Pure and simple.

Maybe this is more your speed. It slows things down a bit for morons such as yourself: http://www.forexfactory.com/showthre...=503576&page=4.

There all just about spot on with a single indicator projection. Of course, those psychologists among the group would somehow conclude that even these charts were faked:





Minuscule examples of why you still don't get it.

Is this the Bruce that you guys are talking about? His name is Bruce W(stands for Warren although he would tell people it stands for Wealth) Margolese

http://brucecon.blogspot.ca/

If this is the guy, the internet is filled with him scamming people all over the place, not just with Oanda. He would buy merchandises like satellite dishes without paying and he would rent places after places without paying until he's forcibly evicted. There is even an eviction notice published for him by the city of Saint Laurent where he used to rent apartments in. In one of the building that he rented, he even gathered all the tenants together one night and told them that he's an experienced litigator and wants to fight on their behalf against the recent rent increase by the landlord and asked everybody to pitch in for legal fees. And after he gathered $1000 that one night, he left the building the next day without a trace.

The guy is a professional con artist and he is not ashamed of it. He even has a personal blog set up with his own picture, a long list of criminal and civil cases against him and his personal motto taken from Bernie Madoff (go figure).

There are even pictures of him. https://lh4.googleusercontent.com/-7...VZsk/photo.jpg

In seven threads started, not a single thread involves any Technical Analysis from the self-described "Technical Analyst." Not one. The first thread I started upon my last "return" here was a Technical Analysis thread that demonstrated the use of a bespoke indicator design. Yet, you deem yourself actually "engage" on this subject.

A Wall of Bullshit Pretense:


You refer to some guy you know who scammed people on the internet. Yet, all you can find related to my posts are Technical Analysis discussions of a kind that you don't understand and cannot comprehend. And, somehow, you are being coherent or relevant here.

Kid, go to sleep.

At least I don't operate in the dimension of a market that nobody can see. LOL

And I appear as how I am. I don't hide behind "Invisible" to stalk other people's profile especially when that person has put you on "Ignore". Pathetic loser!

That's because you have no brains, no creativity, no ability free your own mind and thus you can't spell the words core empirical research let alone actually conduct it on your own. When you get around to figuring out how to even tie your own shoes in this business, be sure to ping me and let me know, Kid.

Stalking your profile is only something that some moron would conclude if they were afraid of their profile. My profile shows what I've done on this board just like yours. Your profile shows that you Troll this board and that you do not contribute a damn thing to this board. My profile shows that the very first thing I did upon my last return was bring to this board that which this board had not seen before.

Understand now?

Not a single post on anything related to Technical Analysis from the "Technical Analyst."




A perplexing ailment coming from one proclaiming to know Technical Analysis:




Educate yourself on market behavior Mr. Canadian Technical Analyst:



So that you can become one of these Pip Monsters:




Since you were too stupid to read and understand words, I thought I would paint some pictures for you.

Take a hint and take a hike!!

In this Research Laboratory, we discussion matters involving Modern Technical Analysis. There are no Trolls allowed in the forum and the project under development is private. So, while you Troll ForexFactory, destroying it like Commercial Vendors have already done, like Commercial Retail Bucket Shop Pimps have already done and like Know-It-All Morons such as yourself have already done, the real heavy lifting and the truly innovative work of moving beyond Directional Trading will be done in my Private Lab. Kinda like Tony Stark Industries, with the difference being that I'm real and he was a fictional character much like yourself:

http://dgfx.forumer.com/

However, I won't leave you entirely blinded by your brilliant ignorance. I truly feel sorry for you as you are truly one of the Blind Rats in the world of trading and you have yet to locate the actual cheese, nearing death and depleted of all your vital nutrients, I will leave you now but not without imparting some wisdom upon which you can learn to grow and develop yourself into a stronger Trader.

I'll share one of my more important summary posts with you here from my private lab, where research into Non-Directional Trading has been underway for more than a year and a half to date. I'm sharing this again, because I truly feel sorry for you and I can see that you need help - a lot of help. This post clarifies what I already proffered on this forum before and what I went into some detail about on my last visit here. I don't expect you to fully understand its context because it is written in an research laboratory environment and I know that such things are anathema to people like you who pretend to be real "Technical Analysts." However, I wanted you to see what actual Technical Traders who do understand bespoke technical analysis talk about on a routine basis while doing their research.

As you read this, understand that its context is within the development of a Non-Directional Trading System. This is one of many such conversations being had in the research lab involving the inputs to a broader system specification. iMarketPhase will be one of the strategic indicators in that system. I cannot share any more than this with you, nor do I think you necessarily deserve anymore to be shared with you - even if I could.
--------------------------------------------

iMarketPhase

The iMarketPhase, is an advanced extension of iOS1 - a simple double MA. While iOS1 in use with iEventHorizon is currently designed as a single time dimension based aid, iMarketPhase will expand its coverage of multiple time frames and include multi-time frame logic to express the Market Phase Type in real-time. Since the number one threat to any Swap Cycle is horizontal market congestion, iMarketPhase will need to provide real-time information as input to iEventHorizon for various useful purposes related to trade execution.

The current advanced version of iMarketPhase being used in the prototype system is Version 4.0. Version 2.0, is the expected implementation level of iMarketPhase into iEventHorizon, as Non-Directional trading does not have the same Timing requirements as Directional trading. iMarketPhase would essentially behave like a "Switch" of sorts, turning On/Off initial trade execution depending on Market Phase Type and Condition. iMarketPhase will not prevent the SBZ and all its components from generating their output (indexbuffers). It will instead, add an additional output (indexbuffer) for the purposes of "controlling" the EA wrapped around iEventHorizon, and allowing or disallowing the execution of the initial Swap Cycle. The ultimate goal being, to reduce Swap Cost with each Swap Cycle, and to afford iEventHorizon to "pick" a more optimal SBZ level. iMarketPhase.

A Brief Introduction to Market Phase Types

Market Phases 1 - 7

1) Strong Bullish (vertical up)
2) Bullish to Flat Transition (turning horizontal from vertical up)
3) Flat to Bullish Transition (turning bullish up from horizontal flat)
4) Flat (horizontal channel)
5) Flat to Bearish Transition (turning bearish down from horizontal flat)
6) Bearish to Flat Transition (turning horizontal from vertical down)
7) Strong Bearish (vertical down)

A Trader needs indicators that assist him/her with each of these seven (7) conditions and their four (4) associated Transition Phases (2, 3, 5 and 6). This is basic Market Situational Awareness and any trading system, strategy, method or tactic you deploy in the real world needs to formally address this. iMarketPhase, in the Idea Box thread will cover this. Traders need to know the Market Phase of their instrument at all times and in all observed Time Frames, as not all Time Frames share the same Phase. This is something that most traders overlook in their routine trading. A good Trader would be aware of the Market Phase in each observed time frame and its potential impact on their trade.

How you calculate and assign the definition of each Phase above makes all the difference in the world. One Trader's Phase 4, could be another trader's Phase 5, or a Phase 4 for one Trader could be a Phase 3 for another (trade execution time frame). But, at no time should one Trader's Phase 1 be misconstrued with another Trader's Phase 7 condition. Nor, should a Phase 3 be misconstrued with a Phase 5. If that is the case, then there is a fundamental misunderstanding of Market Phase Conditions and a review of the basics regarding Market Momentum should be reviewed by the Trader.

You need to understand that you could design and build an entire (fully functional) Trading System out of just Market Phase 1 - 7 information alone. So, this is not a small subject and we will be limited somewhat in our discussion about it, focusing in on just the relevant components that relate to iEventHorizon through iMarketPhase. It is comprised of both philosophical and technical (empirical - data driven) components. The philosophical components come from that fact that OS1 is used as the primary source of input into Market Phase assignments and OS1 is nothing more than a Double MA. Everyone has their own philosophical beliefs about whether price will return to the mean of any MA they use. The empirical components will come from the Enhanced OS1 that you just coded, which will be part of iEventHorizon. Not everyone takes an empirical approach to the observance and implementation of the MAs they use. Thus, the potential for developing an "Edge" is born.

If you are a long term Directional Position Trader, then having good Market Situational Awareness through the understanding of Market Phase Types, becomes a distinct advantage and almost all you need for consistently successful trades. If you are a short term (Directional) Trader, then Market Phase Types help to prevent the absorption of unnecessary losses due to exiting positions too soon and the entry into positions that contain directional risk factors that outweigh the potential benefits if the trade were to be successful anyway. In other words, you can make a trade that turns out to be successful, but because the entry risk factors were too high, it causes the trade to be classified as poorly executed. Therefore, an understanding of Market Phase Types helps to improve/increase Risk Mitigation, which should be the first step in evaluating any trade decision (another important concept that seems to escape Novice Traders).

Ok, so consider that a short Introduction to Market Phase Types.
---------------------------------------------------------------------------------------

I think you are done here, right?

This is yesterday's Technical Analysis, Mr. Technical Analyst:



This is Modern Delta Class Technical Analysis in System form, Mr. Technical Analyst from Canada:




The difference is night and day. Or, in your case, light years ahead of where you are right now.

Now, we understand each other. Don't we Mr. Technical Analyst?

There is TA and then there is Modern TA. Which one you decide to use is entirely dependent upon your ability to do the most important thing that human beings could ever hope to do on this planet: Evolve through Innovation.

Either evolve in this business or prepare yourself to be eaten alive by this business. I desired the former over the latter and built that which enables me to Evolve into a new kind of Trader. When you adapt that attitude and that kind of work ethic, then you won't be on trading forums behaving like a Professional Troll. You will become that which you desire to be: A Trader.

Clear as mud?

And, this is the Meta Layer that drives it, Mr. Technical Analyst:



You don't see standard TA here, do you. That means somebody had to Evolve this trading tech, didn't they. That means somebody had to think well outside the box of convention in order to bring it about, didn't they. That means that somebody had to be willing to humble themselves and work their ass off until they could give birth to something truly different, didn't they.

So, you hate what you don't understand, don't you. You rail against that which you fail to see, don't you. And, when it is shown to you, when it is placed directly under your nose, you feign the notion that somehow it doesn't exist, don't you.

A typical Human response and as predictable as the Forex Market - when you understand Humans and the Forex Market.

Class dismissed.

Now, let's see what you have innovated into existence, Mr. Technical Analyst.

Develop into this guy:



Not this guy:

To All the Trolls on ForexFactory:

You can be this guy who evolves and innovates:




Or, you can be this guy who failed to do both:




Try hard to be the other guy who does not get routinely eaten alive by Evolving and Innovating in ways that cause you to thrive in the business of Trading. That will save you from an online trading career as a clueless Troll with little to show for your oblivious Trollish escapades.

Smoke cleared. Dust settled.

wtf are you on about can your little system detect human emotion. u can do all the TA u want in the markets it wont do shit. markets are driven by orders and human emotion. take your snake oil shit elsewhere. mr i trade on a level no one can see but then i go and show everyone the level no one sees what a wank. and what the hell does that crap have to do with fxcm going to court anyway. go sling your shit talk elsewhere.

wendigo

and dont come back with you can trade better than me because seriously you wish.

wendigo