Independent Review of WallStreet1928

This is a discussion on Independent Review of WallStreet1928 within the General Trading Chat forums, part of the T2W Archive category; Originally Posted by pboyles Why is there always some mystery attached to things like this. Why are there always unanswered ...

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Old Dec 2, 2011, 10:49am   #409
Joined Oct 2006
Re: Independent Review of WallStreet1928

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Originally Posted by pboyles View Post
Why is there always some mystery attached to things like this. Why are there always unanswered questions, it's the easiest thing in the world to prove however there's always a reason not to, always some doubt as to what's going on.
What was I saying?
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Old Dec 2, 2011, 10:53am   #410
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Re: Independent Review of WallStreet1928

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Originally Posted by Masquerade View Post
You know it'd have been easier to just type a few numbers than all of the affliction crap?

Successful traders to me don't make their money selling calls to people for 50/month. I'm in contact regularly with successful people and don't despise them or feel ill towards them. You just need to cut out all the affliction stuff, you're not Moses/Jesus/Gandhi/Dalai Lama/a palestinian in Israel(?) and according to you it's all god's work anyway so why would anyone give you 50/month?
that is the most fundamental misunderstanding that you have, hence your inferior intellect.

I have never till this day .......please go to ever one of my posts!! I have never said I am selling a signal service

Anyone who comes to for a signal service I tell them to go away ?
I explain to them that it is a live analysis , it is a service designed to teach you in real time how I trade so you can become successful ??

Do you not read my posts ?

OK masquerade , I give you the offer of going onto the Live analysis service for free and to write an independent review ??

do you agree?
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Old Dec 2, 2011, 10:56am   #411
Joined Nov 2001
Re: Independent Review of WallStreet1928

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Originally Posted by the hare View Post
You know what Mr Socco would say although I suspect there's a variety of reasons.

Threads like this are a bit of a moral dilema, do you try to protect the unwary by pointing out the obvious smoke and mirrors that we've seen time after time, or do you just turn a blind eye and enjoy the lulz.

I guess that the time when T2W is at its very best is when the more experienced participants decide to do both

Personally I'd be extremely p1ssed off with WS1928's games if I'd voluntered my time to independantly evaluate these calls. Lets not forget its in his interests that the independant verification establishes his credability. You'd think he'd take the time and effort to work through some of these issues rather than constantly misrepresenting people, claiming their results are independantly verifying the results he's claiming, when this most clearly is not the case.

He deserves to be exposed simply for that reason alone.
I do not know why he is doing this. The others, much as I empathise with them, are doing it to satisfy their own curiosity as to his authenicity. All he has to do is shut up and keep a dignified silence. That s the best way to get rid of unwanted posters. He should not have bothered to post on this thread in the first place
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Old Dec 2, 2011, 11:13am   #412
 
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Re: Independent Review of WallStreet1928

So yet again, instead of answering the question you increase the chances of arthritis in your hands by typing such a lengthy reply & also feel the need to question my intelligence to avoid providing simple information. If your service is live analysis why are you just texting trades to people/telling them when to move stops rather than telling them the basis for entry decisions and why you're moving orders around?

I believe Shakone is doing a fair job and I am happy with his reportings. It is you who has the issue of why your profit runs into hundreds of pips this week and Shakone has failed to replicate such results. You seem hesitant to answer a simple questions in a straight forward manner and it leads me to think there's a good possibility that you have some creative accounting. Either way, I think you'd make a great politician the number of times you've dodged the question and i'm sure a phone call would just provide more opportunity to avoid the question.
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Old Dec 2, 2011, 11:16am   #413
Joined Oct 2008
Re: Independent Review of WallStreet1928

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Originally Posted by Masquerade View Post
So yet again, instead of answering the question you increase the chances of arthritis in your hands by typing such a lengthy reply & also feel the need to question my intelligence to avoid providing simple information. If your service is live analysis why are you just texting trades to people/telling them when to move stops rather than telling them the basis for entry decisions and why you're moving orders around?

I believe Shakone is doing a fair job and I am happy with his reportings. It is you who has the issue of why your profit runs into hundreds of pips this week and Shakone has failed to replicate such results. You seem hesitant to answer a simple questions in a straight forward manner and it leads me to think there's a good possibility that you have some creative accounting. Either way, I think you'd make a great politician the number of times you've dodged the question and i'm sure a phone call would just provide more opportunity to avoid the question.
avoid which question ??

I have provided you with a comprehensive answer on the concept of averaging. It took me an hour to type it out last night and I was awake till 4am

have you read my answer ?
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Old Dec 2, 2011, 11:17am   #414
Joined Oct 2008
Re: Independent Review of WallStreet1928

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Originally Posted by wallstreet1928 View Post
Hello my friend ........my fingers have had some rest , so here we go !!

I will start by saying that i come from an academic background ..A levels and Economics degree at Manchester. I AM IN NO WAY ATTEMPTING TO PATRONISE YOU !! The concept I am going to explain is common sense, please dont take this a bad way but I think a lot of people on trade2win do not have any formal qualifications. A lot of traders on trade2win sound like punters turned traders who think they are betting on a horse...hence some very immature/childish remarks. I am 29 yrs old and I honestly feel like a grandfather on here at times due to childish comments I hear that lack any form of logic.

OK let me start by explaining the concept of market tops and bottoms because i honestly dont understand your level of intelligence. I have to assume you are beginners, because the questions you are putting forward would only come from a novice. The experienced traders on here understand where I am coming from and have sent numerous messages of appreciation.

The best trader in the world cant catch a top/bottom in a market but what he can do is spread his entry positions in order to get a good average. This is what Nicholas Santiago/Gareth Soloway do at Inthemoneystocks.com, this is something they have taught me to do.

The chart explains the concept of averaging into a position, thereby increases your chances of an optimal entry. So for example if you trade at 10 a point , rather than enter full 10 @ 5510 , I would enter 2 a time @ 5510 , 5505, 5500 ,5506, 5514 = avg 5507 = optimal entry given the volatility in the market place.

I did A - Level mathematics at college, and trust me when you do stats 1, 2,3 and mechnanics 1,2,3......the concept of getting a smooth average is very important.

The chart explains the concept of averaging into a long and short

so lets deal with the different scenarios

Scenario 1 : I am long ftse from 5510 - 5500 ..avg = 5505 , stop loss = 5475 , tgt = 5535 , 5545, 5555

I trade 4/5 contracts on average

I go long from 5510 and average in upto 5500 as price goes to 5499 ..I managed to average all 5 contracts. i start with 2 contracts and then go long 1 contract a time anywhere in that region until i get 5 contracts long

avg = 5505

stop loss always remains stagnant @ 5475

market rally 5520

stop loss now amended to b/e , all risk reduced from trade

market moves to 5540

and i knock off 2/3 for +40 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 60

I honestly can't believe I am doing this , as it is common sense !! I'm just shocked that I have to explain this .....Traders are supposed to be sharp people


Scenario 2 : I am long ftse from 5510 - 5500 ..avg = 5505 , stop loss = 5475 , tgt = 5535 , 5545, 5555

I go long from 5510 and average in upto 5505 as price only goes to 5504, I have only managed to fill 3 contracts before market moves higher to 5514-5515. I then check my variables and see that market is not moving lower therefore I add the other 2 contracts @ 5514 and 5512

avg = 5510

stop loss always remains stagnant @ 5475

market rally to 5525

stop loss now ameneded to b/e , all risk reduced from trade

market moves to 5535

and i knock off 2/3 for +25 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 50


Scenario 3 : I am short ftse from 5500 - 5510 ..avg = 5505 , stop loss = 5535 , tgt = 5475, 5465 , 5455

I go short from 5500 and average in upto 5515 as price spiked higher to 5517, I manage to get all 5 fills.

avg = 5512

stop loss always remains stagnant @ 5535

market sells off to 5495 , stop loss now amended to b/e

market sells off to 5482 , knock off 2/3 + 30 , last 1/3 b/e

market rally back upto 5512 = last 1/3 runner closed b/e



Scenario 4 : I am short ftse from 5500 - 5510 ..avg = 5505 , stop loss = 5535 , tgt = 5475, 5465 , 5455

I go short from 5500 and market drops immediately .......i check my variables and they are all showing immense weakness therefore i add my remaining shorts @ 5497 , 95, 94

avg = 5496

stop loss always remains stagnant @ 5535

market sells off to 5480 , stop loss now amended to b/e

market sells off to 5470 , knock off 2/3 + 26 , last 1/3 b/e

market sells off further to 5450 , last 1/3 closed + 46


and that is how I trade folks...I have explained all the scenarios to you !!


A classic example was today on FTSE ....live trade called in the morning on this thread ... long ftse from 5510 - 5500

I got in @ 5510 , 5505, 5501, 5496 , 5490

avg = 5502

stop loss remains stagnant @ 5465

market rally to 5535 , closed + 32

The whole concept here is that I identify a zone ......one can enter anywhere in that zone , but if one can get a smooth average in that zone it is better as it gives you an optimal entry. The choice is yours as a student ?

I am not here to hold your hand or tell you what level to buy exactly to the pip ??
That is what a signal service does ??? I am not a signal service , I am alive analysis service. I am telling you what I am doing on my trading account and where I am entering.

80% of time I am able to enter calmly and catch any false spikes and get a very good average.

This wide 10 point window entry then allows me to account for different broker spreads , volatility , time delays etc etc. So its a double benefit for me due to optimal entry and for students as they are able to get into trade if they wish.

I hope that clarifies my trading style.......this style is based on a high level of accuracy , my accuracy = > 90% so I am fine to trade it.


My service is called "Live Analysis service" . not signal service. I send out my entry area, with stop loss and exit in real time. I then explain in advance which way i expect the market to move based on intermarket analysis and fundamental news flow, this allows the student to learn in a practical way. I then send TA and FA arguments via email explaining why the market is expected to move higher/lower ...........

The markets hits my target ............I send out text to say i have taken profit and students can do whatever they want with that information. If they choose to follow, they do so at there own risk.

My job is to explain why the market is moving in real time .......I highlight all the variables they need to observe and learn in order to trade independently.

I empower my students by showing them how i do it in real time ???

My neck is on the line on every trade , every day , every week ???

I lead by example and then they follow and learn like a car driving lesson ??


Now tell me if i am ripping people off by charging them a small fee which is peanuts given the cost of learning/courses in this industry that go up to the thousands !!


For just 50 a month for a few months i can certainly make them an accomplished successful trader with a firm grounding of the stockmarket ???
answer above please read
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Old Dec 2, 2011, 11:20am   #415
 
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Joined Nov 2007
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by wallstreet1928 View Post
so lets deal with the different scenarios

Scenario 1 : I am long ftse from 5510 - 5500 ..avg = 5505 , stop loss = 5475 , tgt = 5535 , 5545, 5555

I trade 4/5 contracts on average

I go long from 5510 and average in upto 5500 as price goes to 5499 ..I managed to average all 5 contracts. i start with 2 contracts and then go long 1 contract a time anywhere in that region until i get 5 contracts long

avg = 5505

stop loss always remains stagnant @ 5475

market rally 5520

stop loss now amended to b/e , all risk reduced from trade

market moves to 5540

and i knock off 2/3 for +40 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 60

I honestly can't believe I am doing this , as it is common sense !! I'm just shocked that I have to explain this .....Traders are supposed to be sharp people
One more time i'll go back to basics.

As you report in pips rather than we'll put the money aside. From the example above, i'm not disputing whether the above example is a profit or loss. For the purposes of your reporting for your site. How many pips did you make in the above trade?
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Old Dec 2, 2011, 11:25am   #416
Joined Oct 2008
Re: Independent Review of WallStreet1928

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Originally Posted by Masquerade View Post
One more time i'll go back to basics.

As you report in pips rather than we'll put the money aside. From the example above, i'm not disputing whether the above example is a profit or loss. For the purposes of your reporting for your site. How many pips did you make in the above trade?
I called this trade live with flasheart , on trade2win yesterday 1st December @

please go to trade2win and see the result...all live and in real time !!
all entry levels achieved

avg was 5502

position closed + 33

http://www.trade2win.com/boards/uk-i...w-traders.html
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