Dear T2W: Why is Depth Trade STILL soliciting funds here WITHOUT registration ?

[BSD]

more important does anyone really trade that cloud thing?. lol i just googled it - looks a hugely complicated chart to me but that's just simple me.

Hi there Claudia,

RE DT, I just can't stand crooks, let alone incoherent and incredibly rude ones at that.

It's dead simple according to the law and plain old common sense: if you want to manage other peoples money you need to register and provide proof of your claims in the form of an audited track record.

You wouldn't go to a driving school either if the teacher can't prove that they have a license ?

You wouldn't go to Uni where the profs don't have a diploma ?

One wouldn't fly on a plane where the pilots don't have a Commercial Pilot Licence ?

If you're selling yourself as somebody who can make money for others the only issue of interest for potential clients is your past performance in the form of an independently verified and audited track record.

Somebody who says give me your money but I can't show you how I've done in the past is not only breaking the law, but is obviously doing that for one reason, and one reason only:

Their past record is too disastrous to reveal.

These here are the US mandatory reporting requirements for CTA's / CPO's, the term they use for money managers, all perfectly logical due diligence stuff:

"REQUIRED PERFORMANCE DISCLOSURES

With the exception of proprietary trading results, the CTA must disclose
the actual performance of all accounts directed by the CTA and by each
of its trading principals.

All required performance
information must be presented for the most recent five calendar years and
year-to-date or for the life of the trading program or account, if less than five
years.

PERFORMANCE OF THE OFFERED TRADING PROGRAM

The performance of the offered trading program must be identified as
such and separately presented first.

The past performance of the offered trading program must include monthly
RORs for the five most recent calendar years and year-to-date, either in a
numerical table or in a bar graph, and annual and year-to-date RORs for the
same time period.

• The total assets under the management of the CTA or other person
trading the account, as of the date of the Disclosure Document.

• The total assets traded pursuant to the trading program specified, as
of the date of the Document.

• The largest monthly draw-down experienced by the trading program
during the most recent five calendar years and year-to-date expressed as a
- 8 -
percentage, as well as the month and year of the draw-down. A
definition of the term draw-down must be included in the capsule.

• The worst peak-to-valley draw-down experienced by the trading pro-
gram during the most recent five calendar years and year-to-date, as well
as the period the draw-down occurred. The period begins with the peak
month and year and ends with the valley month and year.

• The number of accounts traded pursuant to the offered trading
program that were opened and closed during the period with positive
net performance as of the date the accounts were closed.

• The range of returns experienced by these accounts.

• The number of accounts traded pursuant to the offered trading program
that were opened and closed during the period with negative net
performance as of the date the accounts were closed.

• The range of returns experienced by these accounts.

http://www.nfa.futures.org/NFA-compliance/publication-library/disclosure-document-guide-2009.pdf

DT has none of that.

Ok, enough with such distasteful matters for a sunny Sunday.



Re ichimoku, have a look here:

Main Page - IchiWiki - The Definitive Reference to the Ichimoku Kinko Hyo Charting System

It's actually far simpler than it initially appears, and it's huge in Japan where it comes from (and where futures markets where invented hundreds of years ago.).

I lived there several years and all the financial charts on stock market reports on TV etc always showed and formed the basis for analysis, all the banks there use it, and anybody who wants to work for a Japanese bank there or abroad in any role even remotely to do with trading definitely needs to know how ichimoku works.

Having said that, many Japanese are really into technical trading, into charting (candle charts come from there as well I believe) and into trends, and that's how ichimoku probably works best.

One japanese trader friend of mine who started out at as a bank trader and has been trading for himself now for several years is incredibly successful on short time frames trend trading it.

Include some basic price action know how, maybe several time frames, and you've got yourself a robust trading system that aligns you with what the market is doing.

But it's not mechanical, there are probably as many ways of trading it as there are net profitable traders or institutions using it.

I don't use it myself, but I do see why the Japanese like it.

And Japan is pretty much always pretty good at achieving it's objectives once they set their mind to something.

I really have the greatest respect for the Japanese.

Have a nice Sunday.

 

[dick_dastardly]

Somebody who says give me your money but I can't show you how I've done in the past is not only breaking the law, but is obviously doing that for one reason, and one reason only:

Their past record is too disastrous to reveal.

Yeah, that's right, it's obvious, unless you're a sucker in which case you deserve to get burned if you hand over your dosh to such a person.


dd

 

[Atilla]

Yeah, that's right, it's obvious, unless you're a sucker in which case you deserve to get burned if you hand over your dosh to such a person.


dd

No body deserves that DD :-0

Why have FSA or corporate governenance or any regulation?

Why not let the invisible hand deal with it all.

Reason why we are here is because of lack of regulation and greed on both sides of the players.


Dishonesty and lack of transparency are the enemies of wealth creation sooner or later.

Honesty and integrity of timely information are key for markets to perform efficiently.


Bear in mind sooner or later you may well be next in the queue...

 

[96pills]

A professional money manager would firstly not concern himself with getting business via a forum. A professional money manager also would not call people "scumbags" and "posers". DT you are wasting your time here, the majority of people here have common sense, direct your attention elsewhere. And before you launch an insult my way, think twice because you will ruin your credibility more than you already have done.

 

[Depth Trade]

BSD, you have no idea how to trade Currency.

The sooner you attempt to back your fraudulent speach about being a capable trader, the sooner you wipe yourself out.

Your an absolute chump and poser.

You don't know the first thing about positioning currency if your going to say one can out-right trade currency off an ichimoku cloud.

I guarantee you can't make more than a few trades before being wiped out. Even if you did win the first trade or two, it would be from luck and you'd lose it immediately.

You are lying scumbag, your now claiming to know FX traders who position off 'clouds' yet when TraderFunding was looking for capable traders, you could not direct him towards one.
?
By your own admission, your a liar.

The only con-man is you, the only snakeoil sales man is you!

Everything I do here is legal and can be backed up with live positioning. I do not have one complaint and have worked with countless clients.

BSD, what do you do for a living? Really because you sure as hell are not making money off trading currency. Your probably some cheap broker for a no name brokerage, swindling people out of there money and positioning them in Fiat products.

Seriously, if your not trading (which you can't) what else could you be doing? If your not involved in finance, you an absolute joke. If you are involved in finance, your a swindling con-man.

So I ask you BSD, who is the snakeoil sales man, Me or you?

Prove yourself, until then your just a little weasel hiding on a forum pretending to be someone your not.

To everyone else, have a great day

 

[BSD]

My performance is completely irrelevant here.

I could be rich from trading or the biggest loser walking this earth without it making any differenece whatsoever in this context.

Nobody cares about my performance as I am not the crook breaking the law and this own boards rules by soliciting funds here without being registered as a CTA / CPO or with the FSA, and without an independently audited track record of your past performance as any real money manager not living in cloud-cuckoo-land like you would most obviously provide clients with.

You really need to be banned imo as what you are doing here is clearly illegal, also a clear breach of this own boards own rules, and, frankly, everything you write here is simply an attempt at getting dumb money, or completely irrelevant gibberish, or even more ammazing rudeness.

You provide absolutely zero value added, and drag down this boards standard quite tremendously.

Re ichimoku, this might interest some, only english book out on this subject as far as I'm aware:

http://www.harriman-house.com/pages/book.htm?BookCode=22962
"Walk into any Japanese dealing room today and you will see that the most common charts being used are Ichimoku Kinko Clouds. This book presents the definitive explanation of these charts for the first time to a Western audience.

Nicole Elliott is a graduate of the London School of Economics and a member of the Society of Technical Analysis. She has worked in the City of London for over 20 years. Whether in trading, sales or as an analyst within the treasury departments of major international banks, technical analysis has formed the backbone of her methodology. As Mizuho Corporate Bank�s senior analyst in London she covers the foreign exchange, interest rate and commodity markets and equity indices."
http://www.harriman-house.com/pages/book.htm?BookCode=22962

 

[BSD]

YouTube - Dead or Alive You Spin Me Round

Ban the guy.

He's just going to keep on and on and on trying to solicit money here with his non-existing-track record while simultaneously polluting this site here with post after post after post of incessant brain dead garbage like this joke of a thread:

http://www.trade2win.com/boards/general-trading-chat/68518-bsds-ichimoku-class-simple-cake.html



He is breaking the law, this boards own rules, and he is nothing but a gigantic waste of time.

 

[N Rothschild]

depth trade is in clear violation of t2w rules and he should be banned..i cant understand why he hasnt been

 

[everyonerich]

come on guys.. we need more dramas going. that will make T2w a bit more interesting

even if DepthTrade arent really make money, at least there should be losing investor complaining or showing the proof here.

not just one or two of you ppl keep ranting here.

just my 2 cents..

 

[neil]

come on guys.. we need more dramas going. that will make T2w a bit more interesting

even if DepthTrade arent really make money, at least there should be losing investor complaining or showing the proof here.

not just one or two of you ppl keep ranting here.

just my 2 cents..

I take it you failed your basic literacy test then ?

 

[BSD]

depth trade is in clear violation of t2w rules and he should be banned..i cant understand why he hasnt been

Yup.

Everyone, I don't think he has any clients, hence no complaints, I mean who'd be dumb enough to fall for him and his non track record, endless meaningless because unproven boasts in posts aside ???

Simply extremely annoying having such a blatant self promoting snake oil artist spreading so much constant pollution around these shores who offer zero value added, I mean he isn't even inadvertently funny or amusing or anything.

The guy is simply an extremely rude and shamless snake oil artist driving goof people away from here.

 

[everyonerich]

I take it you failed your basic literacy test then ?

i spent my time here when not looking at market, what do u want?

 

[Claudia123]

Just warning (I have no problem with DT) but when BSD picks up your post there be a reply and going by the last ones it could be quite lengthy. Neil has a point - I'm German and my grammar better than yours (I think).

 

[BSD]

Simply extremely annoying having such a blatant self promoting snake oil artist spreading so much constant pollution around these shores who offer zero value added, I mean he isn't even inadvertently funny or amusing or anything.

The guy is simply an extremely rude and shamless snake oil artist driving good people away from here.

This is where it all started, and ever since he's taken to stalking me, which I really do not appreciate at all:

http://www.trade2win.com/boards/loo...s-wanted-hedge-fund-capital-5.html#post508606

I think I did the right thing by posting what I did at the time, and still do.

Think how you would have felt if you had been on the completely unjustfied receiving end of DT's barrage against the poor guy who came here looking for traders and OF COURSE wanted a verifiable track record.

All DT had to offer was incredible abuse.

And I just jumped in, pointing out the obvious, and defending the guy loking for traders against DT's aggressive rants.

The investment is full of incompetent crooks chasing after your money, and we really do not need yet another one of those types in our midst here.

Coming to a site like this should be fun and informing, and should definitely not be about being bugged by snake oil salesmen whose sole defining characteristic consists of incoherent ramblings interspersed by incredible rudeness when one points out to them that they are aren't wearing any clothes, that they are pretenders with no track records, and, also, who have never ever contributed anything even remotely of any trading value.

Re driving good people off of here, if you go back to what started this whole thing between us.

 

[BSD]

Just warning (I have no problem with DT) but when BSD picks up your post there be a reply and going by the last ones it could be quite lengthy. Neil has a point - I'm German and my grammar better than yours (I think).

Hehe.

Auch Deutsch ?

Liebe Grüsse aus der Heimat.

 

[Depth Trade]

BSD, sit and spin buddy! I am exempt.
I deal with adults that are capable of making there own decisions and we have lawyers to back there decisions.


"Agent has furnished Customer with a
signed written statement explaining Agent’s exemption from applicable registration and disclosure documents requirements of the
Commodity Futures Trading Commission, the National Futures Association, and/or approvals, licenses, registration and permits
from other applicable government or regulatory authorities."


Power of Attorney for FXTrade™ Managed Accounts
Email to [email protected]
Or fax to +1 212 208 4356
The undersigned FXTrade customer (“Customer”) authorizes ___________________________________________________ (“Agent”)
to act as Customer’s agent and attorney-in-fact with full power and authority to manage and trade Customer’s allocated funds from
FXTrade Managed Account number _________________ (“Account”) with OANDA Corporation (“OANDA”) in Customer’s name, and
for Customer’s account and risk, and with the same authority and effect as Customer acting personally. This authorization shall include,
without limitation, trading in over-the-counter foreign exchange contracts and other commodities and/or options thereon in the Account,
on margin or otherwise.
Customer authorizes OANDA to follow Agent’s instructions in every respect concerning the Account. Customer hereby ratifies
and confirms any and all transactions in the Account that are made based on such instructions, either prior to or subsequent to the
execution of this Power of Attorney (“POA”). Customer further authorizes OANDA to make available to Agent all information
pertaining to the Account.
Agent represents, and Customer acknowledges, that Agent has provided to Customer the disclosure document concerning Agent’s
trading advice and strategies which Customer has read and understood or, in the alternative, Agent has furnished Customer with a
signed written statement explaining Agent’s exemption from applicable registration and disclosure documents requirements of the
Commodity Futures Trading Commission, the National Futures Association, and/or approvals, licenses, registration and permits
from other applicable government or regulatory authorities. Customer understands and agrees that OANDA makes no
representation as to the qualifications, experience or regulatory authorization of Agent or lack thereof, and will not control
Agent’s actions. OANDA does not, by implication or otherwise, endorse the operating methods of Agent. Customer further
understands and agrees that Agent is the agent of Customer and not of OANDA. Customer acknowledges that Agent may also act
as agent for other parties and may not be the exclusive agent of Customer unless otherwise agreed between Customer and Agent.
Customer confirms that he/she has agreed directly with Agent as to the amount and payment terms of compensation for Agent's
services including, without limitation, all management or maintenance fees, performance or incentive fees and/or advisory fees
(collectively “Fees”). Agent acknowledges that it is not authorized to withdraw any money, securities, or other property from the
Account either in its own name or in the name of the Customer or otherwise, save and except for the agreed upon Fees. Customer
authorizes OANDA to pay Fees, as calculated by Agent, to Agent from the Account without the need for independent verification
by OANDA. Customer releases OANDA from any and all loss, costs, damages, expenses or disputes arising out of or related to
the calculation and payment of Fees.
Customer hereby releases OANDA, its directors, officers, shareholders and employees (the “OANDA Parties”) from any and all
liability to Customer, and anyone claiming through Customer, with respect to any and all losses, damages, liabilities and/or
expenses of any kind or nature whatsoever (“Damages”) sustained or alleged to be sustained as a result of: (i) OANDA following
Agent’s instructions; (ii) all actions of Agent regarding the Account; and/or (iii) any other matter arising out of the relationship
between Agent and Customer, even if resulting from Agent’s default, gross negligence or willful misconduct, and Customer shall
indemnify the OANDA Parties from any and all Damages arising therefrom.
Even though Customer has granted Account authority to Agent, Customer should be diligent and frequently scrutinize the status
of the Account. Customer has the right to request from Agent statements on Account status and details regarding the overall
management of the Account, and Agent agrees to provide, upon Customer's request, such statements and details.
Customer acknowledges that the risks of trading foreign exchange and other commodity instruments is high and that only genuine
"risk" funds should be used in such trading. If Customer does not have capital that Customer can afford to lose, Customer should
not trade in these markets. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss
or to limit the extent of losses.
This POA is a continuing one and shall remain in full force and effect until revoked; (i) by Customer or Agent upon written notice
to OANDA sent to the email address or fax number at the top of this document, or (ii) by OANDA upon notification to Customer and
Agent at the e-mail address on file with OANDA. Revocation shall not affect any liability in any way resulting from transactions
initiated prior to such effective date. This POA shall inure to the benefit of OANDA, its agents, successors and assigns.
Each of the undersigned agrees to be bound by this Power of Attorney. Customer acknowledges having received, read and
understood this POA and the risks described herein, and certifies that he/she has the financial resources to enter this POA.
This POA supersedes any oral or written communications, representations or agreements between Customer and OANDA
or between Agent and OANDA and is governed by the laws of the State of New York.
Customer Signature _____________________________ Print Name _________________________ Date ________________
Agent Signature ___________________________________ Print Name ____________________________Date _________________
OANDA Corporation Power Of Attorney August, 2008

I have plenty of clients.

In a few weeks I am inline to go into a partnership with a guy in NewYork which has a couple 100k for immediate infusion, followed by unlimited +Mln capital after the initial infusion.

The guy is from this site also, he's on here everyday. He's probably been reading these theads laughing, because I talked to last night and everything is still a 'Go'.

I don't know what more you people expect, I am not going to show you client statements nor do I have to.
All my positoning is time stamped and entered before the market has even moved on the weekend. You guy don't trust yourselves or your own judgement. You people are complete insecure morons.

I have way more trades and exerience than anybody else on here, that's why I am winning in this game.

 

[Claudia123]

Hehe.

Auch Deutsch ?

Liebe Grüsse aus der Heimat.

hihi danke

 

[BSD]

The term "Power of Attorney" being paraded around by DT is entirely meaningless and only intended to create a fiction of in reality non-existing legality.

What he is doing IS illegal under US CTA/CPO regulations for money managers that mandate a 5 year track independently audited, and per UK FSA regulations.

And his soliciting is clearly also a violation of this boards rules.

 

[BSD]

hihi danke

Huhu Claudia, sprichst aber verdammt gut Englisch

So muss rennen, bis morgen.




Gotta run, have a nice evening all.

And oh yes, before I forget to tell you what's on my heart, ban DT for breaking the board rules and the law.

lol.

 

[Depth Trade]

The term "Power of Attorney" being paraded around by DT is entirely meaningless and only intended to create a fiction of in reality non-existing legality.

What he is doing IS illegal under US CTA/CPO regulations for money managers that mandate a 5 year track independently audited, and per UK FSA regulations.

And his soliciting is clearly also a violation of this boards rules.

You have no clue what your talking about.

You don't even live in the USA, I have traded bonds for a company from the 13th floor of the Chicago Mercantile Exchange.
I know what I am talking about and doing. Everything I am doing is legal.

Your suffering from jealousy, get over it.