My Trading journey.
Discussion
Hi Chap's.
First of all let me appologise, as I did say that I was going to do this all week, but have decided to make this my last post putting up trades.
As an earlier poster mentioned to me that there are seasoned traders on here whose "nose may have been put out of joint" by someone coming on here posting their trades LIVE, with success, and since they are not having success at this time all they can do is scrutinise or dismiss all the hard work I put in each trade.
I have been called a liar, scammer, and confidence trickster, and all I can say is that I've had enough of these insults.
I would not give any of my account information/account size to someone over the phone let alone post this information on a public forum, just so some of you can have your internal question's answered. I have not put all details of each trade, each bit of work that goes into each trade "on purpose", or just franky forgot to.
As much as I try to supress the nervous energy/fear before I place a trade I feel I'm reliving all the stress every second as I have to respond, and explain myself over, and over again, and that is not good for my "TRADING STATE OF MIND".
I wish you all the very best in what ever you wish to do/achieve in your life.
P.S. And since we do have these so called professional's on here
"I CHALLENGE YOU TO START POSTING UP YOUR TRADES" FOR ALL TO SEE, AND WE'LL SEE HOW MUCH SUCCESS YOU HAVE.
Regards
Mr Fox.
First of all let me appologise, as I did say that I was going to do this all week, but have decided to make this my last post putting up trades.
As an earlier poster mentioned to me that there are seasoned traders on here whose "nose may have been put out of joint" by someone coming on here posting their trades LIVE, with success, and since they are not having success at this time all they can do is scrutinise or dismiss all the hard work I put in each trade.
I have been called a liar, scammer, and confidence trickster, and all I can say is that I've had enough of these insults.
I would not give any of my account information/account size to someone over the phone let alone post this information on a public forum, just so some of you can have your internal question's answered. I have not put all details of each trade, each bit of work that goes into each trade "on purpose", or just franky forgot to.
As much as I try to supress the nervous energy/fear before I place a trade I feel I'm reliving all the stress every second as I have to respond, and explain myself over, and over again, and that is not good for my "TRADING STATE OF MIND".
I wish you all the very best in what ever you wish to do/achieve in your life.
P.S. And since we do have these so called professional's on here
"I CHALLENGE YOU TO START POSTING UP YOUR TRADES" FOR ALL TO SEE, AND WE'LL SEE HOW MUCH SUCCESS YOU HAVE.
Regards
Mr Fox.
E55 Max said:
OlberJ said:
So it's your ball and you're going home?
Well to be fair, all he has received is abuse and doubt.I thought he would stop posting a long time ago, I certainly would have.
Shame really, I would have liked to follow this and see his results.
PH....negativity matters.
Which he didn't do.
He just walked away.
So in the interest of this being a foiled scam or just a dreamer, we're all better off now.
He failed the custard test. End of.
PH....club matters.
E55 Max said:
Well to be fair, all he has received is abuse and doubt.
I thought he would stop posting a long time ago, I certainly would have.
.
Now if you read what I have written all along I have never once called him a liar of a scammer, merely pointed out trading advice and that some of his information does not add up. There are no "noses being put out of joint" (and this year is going fine thanks Mr Fox) but there are things which professionals can spot as being anomalies and he has failed to answer every point. Now he appears to be taking himself out of the public domain where professional traders cannot scrutinise what he is doing and see if it holds water. This is the first point at which I am now becoming suspicious.I thought he would stop posting a long time ago, I certainly would have.
.
But to be honest what has he posted and information has he given US? We have no idea how he trades, what indicators he uses, he doesn't give us the full information on his trades and therefore can "adjust" the result once the market has moved.
What has HE got FROM PH? Well we know he has had a lot of private messages from others on here keen to know about his "success". He now has people who believe in him and want more info from him. Suckers sucked you could say.
May I also point out that Mr Fox has NEVER started a topic on PH before this one. His one and only topic and it smells fishy from the start and now, under gentle questioning, he retracts out of sight with some of the less savvy wanting to know how to make an "easy" £5k a day. What is it they say about always leave them wanting more?
OlberJ said:
E55 Max said:
OlberJ said:
So it's your ball and you're going home?
Well to be fair, all he has received is abuse and doubt.I thought he would stop posting a long time ago, I certainly would have.
Shame really, I would have liked to follow this and see his results.
PH....negativity matters.
Which he didn't do.
He just walked away.
So in the interest of this being a foiled scam or just a dreamer, we're all better off now.
He failed the custard test. End of.
PH....club matters.
We've already had one trader emphatically stating that he wouldn't post up screenshots for anyone - so it's entirely reasonable that Mr Fox should feel the same way.
Let's say I was Mr Fox, and that I was genuine. This thread would simply be more hassle than it's worth, in fact I'd have probably thrown in the towel before now.
ETA - it makes no odds to me whether he's genuine or not - I was enjoying watching the thread develop and reading his posts and the replies of other traders.
Edited by ApexJimi on Tuesday 22 May 11:03
R11ysf said:
Now if you read what I have written all along I have never once called him a liar of a scammer, merely pointed out trading advice and that some of his information does not add up. There are no "noses being put out of joint" (and this year is going fine thanks Mr Fox) but there are things which professionals can spot as being anomalies and he has failed to answer every point. Now he appears to be taking himself out of the public domain where professional traders cannot scrutinise what he is doing and see if it holds water. This is the first point at which I am now becoming suspicious.
But to be honest what has he posted and information has he given US? We have no idea how he trades, what indicators he uses, he doesn't give us the full information on his trades and therefore can "adjust" the result once the market has moved.
What has HE got FROM PH? Well we know he has had a lot of private messages from others on here keen to know about his "success". He now has people who believe in him and want more info from him. Suckers sucked you could say.
May I also point out that Mr Fox has NEVER started a topic on PH before this one. His one and only topic and it smells fishy from the start and now, under gentle questioning, he retracts out of sight with some of the less savvy wanting to know how to make an "easy" £5k a day. What is it they say about always leave them wanting more?
I know you haven't called him a scammer but plenty have.But to be honest what has he posted and information has he given US? We have no idea how he trades, what indicators he uses, he doesn't give us the full information on his trades and therefore can "adjust" the result once the market has moved.
What has HE got FROM PH? Well we know he has had a lot of private messages from others on here keen to know about his "success". He now has people who believe in him and want more info from him. Suckers sucked you could say.
May I also point out that Mr Fox has NEVER started a topic on PH before this one. His one and only topic and it smells fishy from the start and now, under gentle questioning, he retracts out of sight with some of the less savvy wanting to know how to make an "easy" £5k a day. What is it they say about always leave them wanting more?
Surely his trades are easy enough to deconstruct with the right software that many on here seem to have.
The only point that seems to stick is I think one of yours, the 1 pip spread.
I still would have been interested to follow his progress. I would in no way have been acting on his trades as I have a very risk averse outlook.
However if he has been giving/selling others his methods and encouraging them to trade I would have a different view!
ApexJimi said:
Advocatus dioboli...
We've already had one trader emphatically stating that he wouldn't post up screenshots for anyone - so it's entirely reasonable that Mr Fox should feel the same way.
Let's say I was Mr Fox, and that I was genuine. This thread would simply be more hassle than it's worth, in fact I'd have probably thrown in the towel before now.
Agreed on point 1, but what about where someone asked where he is getting 1 pip spread with no commission? I have level 1 access and still have to pay clearing member rates for traders so how is he managing to trade cheaper than someone who bought a $1m seat on the exchange?We've already had one trader emphatically stating that he wouldn't post up screenshots for anyone - so it's entirely reasonable that Mr Fox should feel the same way.
Let's say I was Mr Fox, and that I was genuine. This thread would simply be more hassle than it's worth, in fact I'd have probably thrown in the towel before now.
Don't forget HE started this thread (his first and only) so he could be an inspiration to show how other people could get out there and "do it". He then posts trades which are winners, but never gives the full information. He never answered any technical questions from people in the know but gave out enough tasters to have people sending him private messages.
If he was a well known PHer then things may have been different, but as some posted just to warn others I am now warming to their way of thinking the longer this thread has gone on.
E55 Max said:
I know you haven't called him a scammer but plenty have.
Surely his trades are easy enough to deconstruct with the right software that many on here seem to have.
The only point that seems to stick is I think one of yours, the 1 pip spread.
I still would have been interested to follow his progress. I would in no way have been acting on his trades as I have a very risk averse outlook.
However if he has been giving/selling others his methods and encouraging them to trade I would have a different view!
PLEASE see my post on page 13 where I DO deconstruct his posts and PLEASE see how he fails to answer the point when he replies apart from it is hard to write whilst trading (where he has written much longer other replies whilst having a trade on). Then he says he isn't going to post anymore. Hmmmmmmmmmmm.Surely his trades are easy enough to deconstruct with the right software that many on here seem to have.
The only point that seems to stick is I think one of yours, the 1 pip spread.
I still would have been interested to follow his progress. I would in no way have been acting on his trades as I have a very risk averse outlook.
However if he has been giving/selling others his methods and encouraging them to trade I would have a different view!
I would love to have him post up 5 trades a day and have them all as winners. I love to see other traders succeed (it really is the best job in the world when things are going well - it really does compare to professional sport) and I would surely learn something from how he was trading. BUT all the intricacies have been omitted and something doesn't "feel" right, straight form the first advertorial-style post.
I am pleased he has failed the custard test.
Even if he had posted up all the relevant details and screenshot proof, this would have just encouraged people in their horrendous belief in easy money.
His m.o. appears to be to make fairly massive one-way bets on currency.
Apparently it is all based on technical analysis that he does THE NIGHT BEFORE (!!)
In the time it took me to write this (c.30 seconds) the GBP/USD has dropped from 15781 to 15777.
For those following along, putting on a £500 per pip bet on that amounts to the equivalent of a £8m bet.
That's right 8 MILLION POUNDS.
Now I am not a day trader, I am a stock picker.
But my understanding is that there is absolutely NO WAY you could put on a high conviction 10 pip FX bet by doing work which is already 12 hours old.
10 pips is NOISE. It is the kind of move that happens EVERY MINUTE OF EVERY DAY.
In other words, even if Mr Fox's trades were for real, he is merely proving that if you bet £8m you can win/lose £5k each time pretty rapidly.
This is not a sustainable money-making scheme.
Even if he had posted up all the relevant details and screenshot proof, this would have just encouraged people in their horrendous belief in easy money.
His m.o. appears to be to make fairly massive one-way bets on currency.
Apparently it is all based on technical analysis that he does THE NIGHT BEFORE (!!)
In the time it took me to write this (c.30 seconds) the GBP/USD has dropped from 15781 to 15777.
For those following along, putting on a £500 per pip bet on that amounts to the equivalent of a £8m bet.
That's right 8 MILLION POUNDS.
Now I am not a day trader, I am a stock picker.
But my understanding is that there is absolutely NO WAY you could put on a high conviction 10 pip FX bet by doing work which is already 12 hours old.
10 pips is NOISE. It is the kind of move that happens EVERY MINUTE OF EVERY DAY.
In other words, even if Mr Fox's trades were for real, he is merely proving that if you bet £8m you can win/lose £5k each time pretty rapidly.
This is not a sustainable money-making scheme.
Shame as I was following this with some interest....
However, the more I read some of the later arguments from those clearly closer to the trade (Dubai / R11ysf) the more I think Mr. Fox might not be that fantastic, and the more I think he might be full of s
t.
Shame - all it would have taken is ONE screenshot to apease the masses, but OP couldn't manage 5 minutes effort - yet he wasted all that time arguing...?!
PH - custard matters?!
However, the more I read some of the later arguments from those clearly closer to the trade (Dubai / R11ysf) the more I think Mr. Fox might not be that fantastic, and the more I think he might be full of s
t.Shame - all it would have taken is ONE screenshot to apease the masses, but OP couldn't manage 5 minutes effort - yet he wasted all that time arguing...?!
PH - custard matters?!
walm said:
In the time it took me to write this (c.30 seconds) the GBP/USD has dropped from 15781 to 15777.
For those following along, putting on a £500 per pip bet on that amounts to the equivalent of a £8m bet.
That's right 8 MILLION POUNDS.
he would prob only need 40k in his account to cover the margin, with a SL to stop any big losses. For those following along, putting on a £500 per pip bet on that amounts to the equivalent of a £8m bet.
That's right 8 MILLION POUNDS.
Bluequay said:
Isn't he spread-betting rather than actually trading? Wouldn't the commission therefore be lower because it's just the betting exchange taking commission off of the matched bet, rather than commission on an actual curreny trade?
He states he's using FXCM which do not provide spreadbetting that I'm aware of.Retail FXCM clients do not have access to 1 pip spreads regardless of account size, especially without paying commissions.
Dubai said:
Bluequay said:
Isn't he spread-betting rather than actually trading? Wouldn't the commission therefore be lower because it's just the betting exchange taking commission off of the matched bet, rather than commission on an actual curreny trade?
He states he's using FXCM which do not provide spreadbetting that I'm aware of.Retail FXCM clients do not have access to 1 pip spreads regardless of account size, especially without paying commissions.
I still think there is something fishy about it though.
I was more interested in his original story - walking away from a profitable enterprise where the other party wants to work with you, but you cannot work with them.
Then pissing £30k+ away on trading training...
Too many gaps, too 'easy' to explain away mega losses...too good to be true.
Now, what's the jackpot for the lotto this week?
Then pissing £30k+ away on trading training...
Too many gaps, too 'easy' to explain away mega losses...too good to be true.
Now, what's the jackpot for the lotto this week?
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