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- dancingphil commented Apr 29, 2014
Sounds a lot like extortion to me; and extortion is not more legal just because it is written into a business plan.
Hacker starts hedge fund targeting vulnerable companies
- dancingphil replied Apr 28, 2014
Your own thread url is growing well mate. Work with that. It is where you will find the genuine traders find you. You are quite right about draw-down. Position traders think they are so cool to have 50-200 pip stop losses. What a bunch of morons ...
Do scalpers make money in the long run?
- dancingphil replied Apr 28, 2014
DKRock, I can see you putting time and effort into defending your quite justified position against the rants and raves of trolls like Trance Trader and Wicked Wolf. You and I both know that scalping works; whether it be in the range of 5-10 pips or ...
Do scalpers make money in the long run?
- dancingphil replied Apr 25, 2014
I mostly do NOT have any execution problems or slippage at 500 lots.The Forex market is 5.3 Trillion dollars a DAY. That is 53,000,000 lots per DAY.I trade the Eur:US$, which accounts for about 60% of the total Forex market. That equates to 3.18 ...
Do scalpers make money in the long run?
- dancingphil commented Apr 24, 2014
China will NOT suffer any dramatic banking stress because of a radical collapse in housing prices. I've lived in China the last 7 years, and when becoming an investor in 2nd and subsequent numbers of homes as many Chinese do do, IF there is bank ...
How Vulnerable are Chinese Banks to a Real Estate Downturn?
- dancingphil replied Apr 24, 2014
Davit, fuckwits like TranceTrader are not worth your time mate. He's been here a year, and he invents his story about me as he goes along. The point you have made that this typical dickhead will never read is that I do NOT scale up my trades, and ...
Do scalpers make money in the long run?
- dancingphil replied Apr 23, 2014
Your question was asked and answered discreetly. No need for a PM, and yes they will accept your account as long as you are NOT American living in America.
Do scalpers make money in the long run?
- dancingphil replied Apr 23, 2014
I'm sure it would be totally against FF rules to recommend a broker they are not getting paid from advertising. I can say that the ASIC in Australia has fantastic regulation over brokers. And that Pepperstone and Axi Trader do wonderfully well in ...
Do scalpers make money in the long run?
- dancingphil replied Apr 23, 2014
Mate, you know I respect you a great deal. But I must point out that the link you posted has NOT very special spreads/commissions at all. PLUS you have in that link some market makers. I pay an average of 1.05 pips in spread and commission combined; ...
Do scalpers make money in the long run?
- dancingphil replied Apr 16, 2014
I most certainly do. I am not only a scalper, but also a Counter Trend (CT) scalper. I don't aim for 5-10 pip scalps, but if that is all I get I am always happy. The most important thing for me is that at some point, my trades do at least get to a 5 ...
Do scalpers make money in the long run?
- dancingphil commented Apr 14, 2014
Hmmm, I care. I hold 12,400 Troy ounces; which I bought nearly a year ago at an entry price of $1,367 per. I do NOT care it has been under water for most of the time since I did buy it; but sure, I'd like to see my $US17,000,000 finally get back in ...
Gold Eyes $1400 As China GDP Looms
- dancingphil commented Apr 8, 2014
Other things you have said are correct. But the above statement is wrong. The USA's "Might is Right" Military nonsense of the last 75 years has run its course. China and Russia need not fear USA Military power or spending. There is NO WAY the USA ...
U.S. warns China over currency depreciation
- dancingphil commented Mar 21, 2014
Your post is valid @gspajon. The USA QE re-inflated the burst bubbles of housing, stock market etc, and to that extent it was useful for minimizing some pain felt; but it solved nothing over the long run. Europe went the other way of austerity ...
Understanding Why You Think QE Didn't Work
- dancingphil commented Mar 15, 2014
I currently hold 386kgs (12,400 ounces of gold) at my bank in Hong Kong. I bought it without regard for price at the time ($1,367 per ounce entry price), simply because of my belief in how the "GFC" is more the Earth tremor, and that we have NOT yet ...
Buffett: It would surprise me if stock prices drop 50%
- dancingphil commented Mar 15, 2014
Well I'm going to call a spade a spade. I think Buffett is exactly wrong! And I most certainly DO believe we will see the USA stock market completely tank by 50% in the next 2 years or earlier. Buffett's words are a propaganda designed to reassure ...
Buffett: It would surprise me if stock prices drop 50%
- dancingphil commented Mar 15, 2014
You both know that this was 3.5 years ago don't you?
Buffett: It would surprise me if stock prices drop 50%
- dancingphil commented Jan 30, 2014
Takes a 4 year apprenticeship to become a plumber or electrician; longer to be qualified as A grade in the trade. 4 years to get a degree of value; plus post grad work for it to be worth anything. 3-4 years to become a black-belt in a martial art; ...
Four years jail for 'incompetent' forex trader
- dancingphil commented Jan 19, 2014
Ah, many other morons now come out to play. Any trading system that could envisage a 400 pip move against your position is NOT a system that could ever return a reasonable profit. It is not any kind of system at all. It could only allow for the ...
EUR/USD Forecast January 20-24
- dancingphil commented Jan 19, 2014
I am well known for not using stop losses. I hedge my trades if they ever go against me by 11 pips and deal with these rare hedges at a later time. So do be clear; I am no fan of using stop losses. But what level of moron would let a trade go bad by ...
EUR/USD Forecast January 20-24
- dancingphil replied Jan 8, 2014
Thank you Bram; yes I got that from GG's thread. It brings back memories of the years ago when I first started making millions of dollars in Forex with the ZigZag. Most people hate repainting indicators with a closed minded passion. But nothing is ...
ZigZag Indictor - How to mark on Chart where new line begins?