I Am Innocent

John Singer Sargent - Orestes Pursued by the Furies

If we practice and eye for an eye and a tooth for a tooth, soon the whole world will be blind and toothless.
Johann Wolfgang Von Goethe

Thanks to this widespread idea we live in a world put in motion by wicked souls. Proud owners of brilliant teeth and bobbing eyes, just not to miss any opportunity.

George Soros, speaking at a meeting organized by The Economist, warns all those who are throwing their money into the equity pit, that "the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis." Reuters reports that Soros said "the same strategy of borrowing and spending that had got us out of the Asian crisis could shunt us towards another crisis unless tough lessons are learned." We hope all those who are buying stocks have very tight stop loss triggers.
Anthony Cherniawski
thepracticalinvestor.com

The world of plenty. Complete foolish demagogic unbridled practical investor. When was the last time this non-trader did make any money? For a year he's been telling to trade counter wave, counter major wave and into minor corrections. Yet, he is not stopping. Besides now he warns and feels sorry for those who have bought (and made money). George Soros is hardly a respectable trader, to listen to what he says. He is a market manipulator for sure and exploits the fact the masses listen to what he says. He is a lousy and dirty insider trader first of all.

There is nobody left and I just don’t know how they are going to be replaced. I have no idea. Just the outpouring of grief is amazing. Just to see the coffin of the President you have to stand in a line five miles long. Every Pole feels the grief right now and every Pole is touched by this, and we have no idea how we will rebuild this.
Tomasz Adamek - about president Lech Kaczynski's death

Adamek's got caught by the stampede of grief and has forgiven his brother Jaroslaw Kaczynski called him a 'feckless Pole' only because he'd emigrated. He also has no idea who would replace them ( the dead), staring at 5 mile long queue of candidates. Fortunately, not every Pole has been caught in this baby boomers emotional blackmail.

I could spend all day in the kitchen or in the street. I could write anything or keep silence. I could make friends, learn to sing or lie down motionless till I blow up. In any case I will be innocent as there's no guilt in my heart or gilt in the market I couldn't trade.

Sheep

Against the flow - the easiest way to lose money

-- The two red volume bars in the S&P 500 this week are not a good sign. It is a good indication that selling pressure is increasing in stocks. Although there are no losses as of yet, it appears that the urge to take profits after this recent rally is increasing, especially at the quarter end. Mutual fund managers generally cannot sell unless their clients do, but private money managers may. Is it time to look for the exits?

Anthony Cherniawski
thepracticalinvestor.com

Mr Cherniawski remains impractically wishful. As much as the broadening top formation which he mesmerizes innocent investors with. So that they keep away from stocks and never get a penny from the undeniable and healthy bull market. Of course, he still holds the same short position he was talking about in August. He is wealthy, so he can.

Against the flow - the easiest way to make money

Apply some logic:

1. Oanda makes money on spreads weather you loose or win. Why would they care what direction you trade?

2. The more you have, the more you trade, the more they make. Why would they want you to loose it all? Nobody is that dumb. You are their cow to milk. Killing you means no milk for them.

Now, seriously:

1. People who rant about 50 pips spreads - have no idea what NEWS and speculation means, nor have they any notion of high vs low liquidity.
2. People who rant about slippage - have no idea, what liquidity means in general.
3. People who rant about spikes - have no idea how easy it is to hunt down and domino day trader\'s SL positions.
4. People who loose money - will always blame the broker.
5. People who win - will always praise themselves.

And further more:
1. We are all sheep.
2. We all run where they tell us.
3. Fear and greed is installed in all of us.
5. We all act emotionally.
6. We do not have the means to change any of the above.

With this knowledge, big players (and a handful of smart, quiet sheep) shave you daily.

Now. Armed with this information. Can you outrun 51% of all sheep?
Statistically you cannot in the long run.
According to Lorenz (Butterfly effect) you can outrun 54% with reasonable knowledge, but not significantly more even with infinite knowledge.

Leave Oanda alone. They have nothing to do with your incapability to think.
mrt
forexreal.com

"We don't have the means to change the above."

Hey mrt, I am logically-dissectingly sceptical towards any general mania or environmental pressure. Also your rant won't make me run or scream. Do you have any slot and appropriate denomination for me in your sophisticated system of thought?

"Leave Oanda alone. They have nothing to do with your incapability to think."

I share the view of the many Oanda users that the platform becomes unfriendly to successful traders. To verify this though, you need to be successful first. One of my experiences goes like this: I was long USD/ZAR on Monday, 1st of November 2009, when the price early about 1-2 am spiked from 7.82 to 8.24. At that time, the platform became unresponsive, which's never happened before or after as these are not busy forex hours to say the least. I logged off and tried to log in again, but all I saw was 'server busy, please try again later'. When I eventually got logged in, 25% of my gains have gone and never came back. Leave Oanda alone, if you're capable to think.

A Broker Story

Hi there, This review is related to saxo and forexwebtrader together, I gave a scam to saxo because that decision was taken by saxo bank Here is the review Stay awaaaay from this group of mafia members called Forexwebtrader and god Father Saxo bank I had been with this company since Apr 2007 and when I was trading the news with their platform and when I found that there execution is good I decided to open another account with them. Last month after more than two month trading I asked to withdraw money from one of my account and then I got this e mail after one week Your request to withdraw funds from your account is still being processed by Finexo and its business partner - Saxo Bank. The reason for this delay is that we have reason to believe that exploitative strategies such as 'sniping' were employed in the account. For details please see section 4.12 of Finexo's General Business Terms. We shall reply to you shortly following further investigation. And I looked at this Section 4.12 and it says 4.12. Trading strategies aimed at exploiting errors in prices (commonly known as “sniping”) are not accepted by Finexo Global Investments Ltd.. If Finexo Global Investments Ltd., at its sole discretion in good faith, determines that Client is taking advantage or attempting to take advantage of such misquotes or is performing other forms of abusive trading, Finexo Global Investments Ltd. is entitled to take one or more of the following countermeasures: i Adjust the price spreads available to the Client; ii Restrict the Client’s access to streaming, instantly tradable quotes, including providing manual quotation only; iii Retrieve from the Client’s account any historic trading profits that have been gained through such abuse of liquidity – as determined by the bank in its sole discretion in good faith – at any time during the client relationship; and/or iv Terminate the client relationship immediately by giving written notice. If you look at this statement which is not related at all to the news trading and I already have a proof for almost 85% of the trading that I got the same price plus or minus 2 pips from other two platforms with the same prices as I got from forexwebtrader which proof that I never got a wrong prices like they mention in the statement and I got several messages in several cases says (price is too old. try again) which also give the evidence that there system never give a wrong price with me and I got around 50 trades within the last two month ….could anybody believe that any system give 50 wrong prices in 60 days??????? Then they should go out of business because they don’t deserve to be professional. And if you read the statement again you will realize that they just write the statement to be fogy and flexible to accuse anybody who gained profits with this accusation without giving any definition for sniping act means. Then I got this e mail After having investigated the situation of your two accounts, we, together with Saxo Bank, have established that the entire activity of your accounts (profits and losses) were acts of 'sniping'. We are therefore annulling all trades made in these accounts and returning the original deposit in accordance with your contract. Your accounts have now been frozen. The refunds will be made within the next few days and our Client Service Director will be in touch with you tomorrow. Elon Bezalely Finally they stole around $20,000 from me and $30,000 from my wife and we will go back after them all the way and we have all the proof of our profits and proof of right prices we got and I got also contact from another trader they stole also around $17,500 from his account also and we all will complain against Forexwebtrader BaFan in Germany and saxo bank in NFA in USA. And if we didn’t get our money we also going to sue them in British virgin island and I start to contact a lawyer there to be ready since they stole around $67,000 and it worth to go all the way for it. Finally I read the statement wrote by Michael Primus - Marketing Director - ForexWebTrader.com, Duesseldorf, Germany He wrote: This trader's deposit was returned to him in full - which we feel is more than fair” So I want to ask him…to refund the trader deposit in this case is consider for you as a more than fair…so what about if your company treat him with your just fair treatment not (more than fair)….what are you going to do with him and what do you used to do with other traders….take there fund also??????? My advice to all traders that go away as far as you can from this company and the god father Saxo bank because you will lose you money and time and you will get you original fund after more than month like me and maybe they will treat you next time with their fair treatment and take you fund. Note: if anybody wants to have a look at the statements and trades history reports I had with them, just send me an email to hesham_ha@yahoo.com and I’ll send it to you as an attachment.

hesham
forex-ratings.com

If you were looking for an honest broker, you would probably be put off by this comment posted in 2007. Generally, Saxo Bank is getting a poor feedback from (ex)-users of their services. Of course, it's easy to blame brokers for unsuccessful trading practices, but do you want to check if Saxo Bank is willing to give you your own money?