Alan Rich new scanner

[Lord Flasheart]

Hi pb,
My post isn't about vendors as such, it's about barjon's post and the hare's response to it.

In answer to your question, you specialise in focusing on certain types of vendors who are a bit dodgy at best and total frauds at worst. So, I can understand you're not aware of the good guys - but they do exist. Taring all vendors universally with the same brush isn't helpful as many traders of all experience and ability will often look to others for coaching. Even the hare has said he's open minded to doing this in principle. So, what would be helpful would be to provide ways in which less savvy and experienced traders are able to distinguish between the rogues and genuine people who can deliver what they promise. Coming full circle back to barjon's post - as he rightly said - there was some interesting debate taking place along these very lines; debate which has sadly given way to hand bag swinging.
Tim.

Tim

Why shouldn't we tarnish all vendors with the same brush unless proven otherwise. Surely in this situation they have to be guilty until proven innocent for the protection of all. I have been trading a long time and have yet to come across any that offer some sort of value for money. Anyone saying they are offering anything other than basic training need to prove what they are offering. If they are offering a basic package for say £200 and not making any silly claims then we can say thats ok. I also dont have a problem with people offering ongoing monthly training for in a room for say £100 pcm with the option to unsubscribe. When training is offered like that for that amount then the damage is minimal and possibly to the advantage of the recipient. Offering a 1 day course for £600 is totally unacceptable. If you know of any you feel has something to offer then please let us know. We all know how hard this game is and if in any way we can make it easier for others then we should be speaking openly. I would love you to find a vendor that has the t2win seal of approval.

 

[DionysusToast]

Hare - to be honest, that sounds like total BS to me.

All of the customers would have made tens of millions if they didn't have to pay the spread?

That's total nonsense.

 

[barjon]

I didn't expect any, and I was giving people rope to play. But in reality it was very much a noose - no not loose. I do live calls occasionally and I know what's on the line and how difficult it would be. I doubt any vendor scum would have the balls.

I am normally vendor friendly because I believe everyone deserves to make a living. But I will turn hostile if they abuse my amiability by making explicit claims they have no way to full fill.

Joe

If you think good trading is all about making good "calls" then maybe you deserve the pre-fix to your nickname.

jon

 

[rsh01]

Hare - to be honest, that sounds like total BS to me.

All of the customers would have made tens of millions if they didn't have to pay the spread?

That's total nonsense.

He said "combined" - so 'net', ie you can assume some lost money, but the broker wld have had to give out loads more.

 

[Lord Flasheart]

It wouldn't help you in the slightest, but I'll give you you a tiny clue.

The following statement was made by the CEO of one of the larger retail forex brokerages regarding an analysis of their customers trades taken during 2010. To put things into perspective the majority of their customers lost money that year (I wont give you figures cos you are probably still in denial)

"If the spread had been zero on all their trades, then all our customers combined would have realized profits in the tens of millions."

So what does that tell you about the size of the edge required to flip from a loser (looser) to a winner ?

Now do you understand why "live calls" are a complete and utter waste of time ?

can you post the article,thanks

 

[DionysusToast]

Whatever happened to this piece of software?

I'm watching for the news stocks today as any earnings plays are worth trading. I always focus where the action might be. If I cant make my mind up I'll trade the indices until something lifts it's head up on my scanner that is linked to my proprietry colour charts.

When they change colour I'll take the trade. It saves any fuss and nonsense and is a lazy way to day trade. Who needs to make it complicated. As always you know where to read more about that style of day trading.

Anyone tried it?

 

[piggybridges]

and what happened to his 'gravity bars'?

 

[DionysusToast]

and what happened to his 'gravity bars'?

I thought that was a snak that NASA gave to the Space Shuttle crew....

 

[DionysusToast]

4 the lulz...

You gotta admit - that's sorta funny...

 

[rsh01]

4 the lulz...

You gotta admit - that's sorta funny...

Isn't that the equivalent of sh1tting on your own doorstep?

They will google it, find this, and realise they can get free scanners from a plethora of sources?

 

[pboyles]

H

. So, I can understand you're not aware of the good guys - but they do exist.
Tim.

Go ahead and list a few that are not purely data providers.

 

[DionysusToast]

Isn't that the equivalent of sh1tting on your own doorstep?

They will google it, find this, and realise they can get free scanners from a plethora of sources?

You never read Private Eye?

Occasionally they find a 'review' written on the back of a book - something like

"the greatest" - The Guardian...

of course, a more complete quote would be

"the greatest pile of sh1te since Nellie the Elephant on Ex-Lax"

Same concept....

 

[pboyles]

Isn't that the equivalent of sh1tting on your own doorstep?

They will google it, find this, and realise they can get free scanners from a plethora of sources?

Of course but it seems these type of vendors take us all for fools and assume nobody will look (and indeed a few wont). I think he's putting a brave face on it, trying to convince us that by exposing this we are actually helping him and thinking that will make us stop.

 

[The Leopard]

Of course but it seems these type of vendors take us all for fools and assume nobody will look (and indeed a few wont). I think he's putting a brave face on it, trying to convince us that by exposing this we are actually helping him and thinking that will make us stop.

Pboyles is incapable of seeing a nail without hitting it squarely on the head.

Maitre!

 

[counter_violent]

Pboyles is incapable of seeing a nail without hitting it squarely on the head.

Maitre!

Isn't that the same as saying...the only tool he has in the toolbox is a hammer

 

[the hare]

can you post the article,thanks

OANDA Insights | OANDA

And just to be clear, he's not claiming that every customer would have made tens of millions, he's talking about an aggregate position. The simple truth of course is that a great many of their customers erode their accounts over time simply because of transaction costs. If that tiny edge where in the customers favor, they'd be doubling the account at the same rate it currently drains away !

There's also a very good article on the same blog about the morality and ethics of introducing brokers (or more precisely the lack of morality and ethics of those in the industry who "earn" their living taking a part of their victims spread) Thankfully I'm not alone in spotting the hypocrisy of that particular situation.

OANDA Insights | OANDA

 

[Liquid validity]

Hi pb,
My post isn't about vendors as such, it's about barjon's post and the hare's response to it.

In answer to your question, you specialise in focusing on certain types of vendors who are a bit dodgy at best and total frauds at worst. So, I can understand you're not aware of the good guys - but they do exist. Taring all vendors universally with the same brush isn't helpful as many traders of all experience and ability will often look to others for coaching. Even the hare has said he's open minded to doing this in principle. So, what would be helpful would be to provide ways in which less savvy and experienced traders are able to distinguish between the rogues and genuine people who can deliver what they promise. Coming full circle back to barjon's post - as he rightly said - there was some interesting debate taking place along these very lines; debate which has sadly given way to hand bag swinging.
Tim.

For me its purely a case of realistic expectations.
The best you will get is that a mentor will help you to help yourself and protect yourself.
No one is going to tell anybody else exactly how to make money, its counter productive.
As there seems to be a resurgence in Socco purple, now might be a good time to
quote a post of his that hits the nail on the head:
http://www.trade2win.com/boards/general-trading-chat/17225-whats-your-edge-3.html#post211462

Came across it in the similar threads to Choc D's recent edge thread.
You may not agree with the slightly abrasive wording, and I gather Socco
generates mixed feelings here.
Nevertheless, there is a lot of truth in that post.

It also follows logically, that if no one will discuss or give away an edge, they are hardly going to sell it either.
Eckhardt says pretty much the same thing in New Market Wizards, he is not alone either.

In general, people here do a lot to help others help themselves, or at least give
them the info they need to protect themselves.
Thats as good as it gets, exceptional circumstances aside.

So when vendors continually pop up selling an edge, the response is hardly surprising is it.
Any that do just aim to help others help themselves usually dress it up in a completely
different way.
Thats why the vast majority (nearly all) vendors are at best misleading, at worst out and out scammers.

 

[ZEN archer]

OANDA Insights | OANDA

Surprisingly objective article from them.

The advice 'beware of the posts submitted by shills paid by a specific broker' makes it difficult to decide whether to post it or not

 

[rsh01]

I think he's putting a brave face on it, trying to convince us that by exposing this we are actually helping him and thinking that will make us stop.

Have to agree with PB here, his post on here was thanking us....naz: "couldnt believe the emails that were coming through today from the contact page on my web site about my new system."

But absolutely no mention of increase in inquiries/demand in his blog, so that's 2 different stories for 2 different audiences. More lies.

 

[BeginnerJoe]

I've just attended the live room few times for free - I'm not subscribed.

If you are not even subscribed, then they can't be any good.

Now do you understand why "live calls" are a complete and utter waste of time ?

No, I don't understand. I think you are saying it because you are unable to make live calls.

If you think good trading is all about making good "calls" then maybe you deserve the pre-fix to your nickname.

If you think good trading is not about making good calls, then you need to add my prefix to your nick.