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False Prophets

  • #41
  • Oct 28, 2016 6:44pm Oct 28, 2016 6:44pm
He is very stable with his one and only strategy thoughhh

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  • #42
  • Oct 28, 2016 9:01pm Oct 28, 2016 9:01pm
Ghostbiker is SHE not HE
  • #43
  • Oct 28, 2016 9:03pm Oct 28, 2016 9:03pm
Have you ever seen a Fundamentals thread? I never have, all technical B.S. No CFTC weekly data, no correlations to the currencies with oil, gold, S&P. No central bank policy chat. No themes that the market is focusing on for the week. No thesis, all technical systems. That is partly why all these systems don't work. Because the authors have no comprehension of the market, no understanding of why it is moving in the direction it is moving.
Be humble or be humbled.
  • #44
  • Oct 28, 2016 9:20pm Oct 28, 2016 9:20pm
I respect your opinion but I don't think fundamental analysis is any less biased then technical analysis. It's all manipulated. I have a masters degree in finance with emphasis in investment, portfolio management and so on. I had to write several papers for work about risk management in several investments the company was undertaking. My conclusion: it's all rigged. The news you receive its late, it's deceiving, and can be manipulated. Enron is an example of how they manipulate their numbers. Increasing income by firing staff, and many others tricks. So how can you trust it? Even inflation and unemployment numbers are misleading. You probably know that a soon as the fed raises the interest rate the market goes to shit. They have been postponing this for years. I wonder if they are waiting to drop this in the next presidents term. They say inflation is stable.. Is it? Go check the prices of things and tell me if there is no inflation. All you have to do is change the basket of goods that are used to calculate inflation. So I honestly don't think fundamental analysis is any more trustworthy than technical. At the end is all gambling with an educated guess.
My humble opinion anyway.
  • #45
  • Oct 28, 2016 9:57pm Oct 28, 2016 9:57pm
Go to one of these get rich quick holy grail threads and type something intelligently questioning the method and see how quick you get banned and attacked by the newbie trader noobs who will probably blow their accounts quicker then you can say "ohhh so that's why 95%+ people fail!"
  • #46
  • Oct 28, 2016 10:01pm Oct 28, 2016 10:01pm
Quoting mrhigurashi
Go to one of these get rich quick holy grail threads and type something intelligently questioning the method and see how quick you get banned and attacked by the newbie trader noobs who will probably blow their accounts quicker then you can say "ohhh so that's why 95%+ people fail!"
that's funny lol. But deep inside you know you always wanted to get rich by watching some lines crossing or arrows flashing lol. We all do. That's why so appealing. I always give those systems a try. At the end of the day They might work. Who am I to say it won't? But it always disappoints me. Today I decided to open my own thread and share the trading strategy I've been using. It requires some work but gets the job done.
  • #47
  • Oct 28, 2016 10:24pm Oct 28, 2016 10:24pm
Quoting goldfinger
Ghostbiker is SHE not HE
How'd you know ?
  • #48
  • Oct 28, 2016 11:09pm Oct 28, 2016 11:09pm
B
Quoting alecsa72
{quote} I don't care about ghostbiker either way, but nobody owes you anything. Maintaining all of these accounts takes time and effort, time which many of us do not have Frankly, if I DID have a system or a tool which was profitable (I don't), and some knuckle-dragger came into my thread asking ... nei, demanding some other proofs or fx book trail, etc, I would simply tell him to fuck off. If you don't feel like what I or ghostbiker or whoever is selling worth your time and money, then don't trade it/don't use it. It's a free internet and all...
Honestly, it's people like you who are the real problem. People like you are worse than the prophets themselves.

It is absolutely ludicrous to think that asking for some sort of proof over BOLD claims is somehow "overstepping" some line. Are you some sort of idiot? If you don't want to prove anything then don't go round boasting and making bold outlandish claims! If you have bold claims then back them up! Otherwise just go back to your corner and continue on with whatever you're doing.

"Oh look guys I just won a million dollars! Oh what's that? You wanna see the lottery ticket? You wanna see my lamborghini?.... oh umm oh yeah?! Well I dont need to prove anything to you! So neh!" - it's so Goddamn idiotic it's unbelievable. You don't want to prove anything? Then keep it to yourslef!
  • #49
  • Oct 28, 2016 11:12pm Oct 28, 2016 11:12pm
@Crackpot.
So how are you helping others trade a winning system here? Are you just gonna wave a piece of meat before a dog's nose and not let him have the meat. What is the need teasing members with your own winning rates here?
  • #50
  • Oct 28, 2016 11:45pm Oct 28, 2016 11:45pm
Namaste!!! With all respect guys I have never understood this atacks on the person but...nevetheless, there are False Prophets with false trading systems.

All the best guys and enjoy your weekend!
  • #51
  • Oct 28, 2016 11:50pm Oct 28, 2016 11:50pm
Do you mean: "False prophets" with false profits are traders that are traitors ?
  • #52
  • Oct 29, 2016 1:29am Oct 29, 2016 1:29am
Idiots guide to create a popular thread on FF:

- Post a strategy, any strategy. I like the mention some where of the Cock Drop strategy. Make sure to give it a name like 90% win, or $10,000 weekly profit!
- Post some charts and rules.
- Trade on a Demo account.
- Never show that you trade on a demo and never post history or trading journal.
- Continuously post good results and tell everyone what a great day/week you had trading.
- Never use a SL.
- Show history from your MT4 that only shows the profit trades and no losses or the total balance. Maybe include a loss here or there just to make it seem all that more real.
- And finally, ban and remove any doubters.

Easy, anyone can do it.
  • #53
  • Oct 29, 2016 2:48am Oct 29, 2016 2:48am
Quoting TerryTibbs
B{quote} Honestly, it's people like you who are the real problem. People like you are worse than the prophets themselves. It is absolutely ludicrous to think that asking for some sort of proof over BOLD claims is somehow "overstepping" some line. Are you some sort of idiot? If you don't want to prove anything then don't go round boasting and making bold outlandish claims! If you have bold claims then back them up! Otherwise just go back to your corner and continue on with whatever you're doing. "Oh look guys I just won a million dollars! Oh what's...
Exactly!

Thank you for this thread Crackpot.
  • #54
  • Oct 29, 2016 4:25am Oct 29, 2016 4:25am
I do not mind there are gurus spreading their wisdom. I remember a saying - those who can, they do. Those who can't, they teach.
  • #55
  • Oct 29, 2016 5:56am Oct 29, 2016 5:56am
Quoting mrhigurashi
Idiots guide to create a popular thread on FF: - Post a strategy, any strategy. I like the mention some where of the Cock Drop strategy. Make sure to give it a name like 90% win, or $10,000 weekly profit! - Post some charts and rules. - Trade on a Demo account. - Never show that you trade on a demo and never post history or trading journal. - Continuously post good results and tell everyone what a great day/week you had trading. - Never use a SL. - Show history from your MT4 that only shows the profit trades and no losses or the total balance. Maybe...
Yes, and it makes no sense. The only outcome is that people with no or few experience follows them, wasting time and money.
Would you agree that the core thing in the trading business is risk management? Those prophets don't have a risk management...

But on the other hand... let the people follow them, it's just another way to get dumb money into the market
  • #56
  • Oct 29, 2016 7:06am Oct 29, 2016 7:06am
Quoting TerryTibbs
B{quote} Honestly, it's people like you who are the real problem. People like you are worse than the prophets themselves. It is absolutely ludicrous to think that asking for some sort of proof over BOLD claims is somehow "overstepping" some line. Are you some sort of idiot? If you don't want to prove anything then don't go round boasting and making bold outlandish claims! If you have bold claims then back them up! Otherwise just go back to your corner and continue on with whatever you're doing. "Oh look guys I just won a million dollars! Oh what's...
Thanks for saying that out loud.

I am a victim of scam and fraud myself. That is why i very much hated those who make bold claims and provide false hopes to others. They are actually committing a crime here in my opinion. They give others false hope. And hope, when destroyed, can lead to a very big disaster. Broken homes, broken families and the severe cases, it can be fatal.

So the next time you make some claims like you are generating 90% win rate, back it up. Let others criticize you if you have nothing to hide. Don't go around giving others false hopes.

Anyone trading long enough should have known of trade explorer here in FF and myfxbook account. Very easy to setup, very easy to prove your 90% win rate. But nope, i only see screenshots showing all the winning trades. Not even one screenshot of losing trades.

Seriously guys, if you want to be a guru and teach others, back it up or make the claim that you are just starting, trade at your own risk etc. Don't give others false hope.
  • #57
  • Oct 29, 2016 7:48am Oct 29, 2016 7:48am
Quoting CrocodileRex
{quote} Thanks for saying that out loud. I am a victim of scam and fraud myself. That is why i very much hated those who make bold claims and provide false hopes to others. They are actually committing a crime here in my opinion. They give others false hope. And hope, when destroyed, can lead to a very big disaster. Broken homes, broken families and the severe cases, it can be fatal. So the next time you make some claims like you are generating 90% win rate, back it up. Let others criticize you if you have nothing to hide. Don't go around giving...
Making preposterous claims that give others false hope is far more damaging than the typical scammer who sells useless indicators, EAs or signals. Those ego-maniacs are the worst scumsbags!
  • #58
  • Oct 29, 2016 8:18am Oct 29, 2016 8:18am
Quoting Temujin
Have you ever seen a Fundamentals thread? I never have, all technical B.S. No CFTC weekly data, no correlations to the currencies with oil, gold, S&P. No central bank policy chat. No themes that the market is focusing on for the week. No thesis, all technical systems. That is partly why all these systems don't work. Because the authors have no comprehension of the market, no understanding of why it is moving in the direction it is moving.
Good post.I get attacked a lot for insisting people trading on my thread to focus on news and fundamentals in addition to technical aspect of trading.To me people who trade purely looking at the charts and are oblivious to market fundamentals are sketchy.
Takes both fundamentals and technical..For OP I have a disclosure on my thread.Refuse to work with newbies.I don't consider myself a guru and have no motives as far as ego boast or anything.I just shared some insights that helped me and my claims are modest.
regards
In trading, you have to be defensive and aggressive at the same time
  • #59
  • Oct 29, 2016 1:28pm Oct 29, 2016 1:28pm
Quoting maxwell-eqtn
@Crackpot. So how are you helping others trade a winning system here? Are you just gonna wave a piece of meat before a dog's nose and not let him have the meat. What is the need teasing members with your own winning rates here?
I hope you are being sarcastic....
  • #60
  • Oct 29, 2016 1:50pm Oct 29, 2016 1:50pm
I personally do not trade Ghostbikers systems but I do read his threads along with many others. All his screen shots of his account are not only winning trades. There are some losses in there and I have read posts where he/she has spoken about those losses. Everyone does not have the mental strength to continue trading successfully after posting up a trade explorer.Posting a TE can be mentally distracting and increase performance anxiety for many traders, myself included. I have been trading forex for over 10 years and have 2 successful systems that I created that do good for me and have been contemplating sharing them on this forum but even thinking about adding a TE makes me feel stressed emotionally and that's something I have to get over and work on. If someone is taking pictures, real not fake pictures of their live or demo account and they are not trying to sell you anything, I think that should be enough. You can decide intelligently for yourselves whether or not you want to try their system and see if it will work for you. As long as no one is selling you anything or holding a gun to your head its wrong to call them a scam or unethical.


I can get a high winning rate with a system but another trader may not. Maybe that system is not for you or maybe there is something you need to learn or correct to get the same results. It doesn't matter, we are all different and different things will work for each of us. Dont bash or be angry with someone because they dont conform with your idea of posting correctness. Its their prerogative if they want to post a TEor not, they are not doing anything wrong by not doing so.try his system or don't try it. Who cares? I would advise we each focus on finding what works for us, hone it and stick to it. Consistency + good MM=Success.
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