Independent Review of WallStreet1928

This is a discussion on Independent Review of WallStreet1928 within the General Trading Chat forums, part of the To Be Sorted category; My tuppence (not an averaged tuppence, nor 1/3 or 2/3 of a tuppence, nay even a spread 'twixt tuppence and ...

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Old Dec 2, 2011, 8:18am   #441
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Default Re: Independent Review of WallStreet1928

My tuppence (not an averaged tuppence, nor 1/3 or 2/3 of a tuppence, nay even a spread 'twixt tuppence and sixpence, but a whole, at-the-market tuppence) on this debate for anyone who cares to read:

I believe WS is genuinely trying to help people with reading and understanding the markets and some (most?) of his inter-market analysis is insightful, accurate and useful. It, I'm sure, can be used to trade successfully. He doesn't appear to have ulterior motives when compared to others both on and off of this forum that sell 'services' of one description or another; he seems willing to share his time freely and without commitment. I am not, nor have I been, a subscriber to his service but get the sense, through PMs with him in the past, that it could be a useful learning tool - after all, I've probably spent more than 6 months worth of subscriptions on trading books over the years.

That said, and from my perspective this is the crux of the debate, WS does seem to 'dodge' a number of questions that require binary answers. Talking as someone who works for an IB, and notwithstanding the fact that most IB traders are a bunch of egotistical tw*ts, I would expect that when a question is asked a simple answer is given rather than referring to previous answers, questioning the understanding of the questioner, and so on. It is this type of reaction that creates doubt and uncertainty in people's minds.

At the end of the day, everyone is free to make their own decisions (apart from me, the current Mrs. G tells me!) and a £50 punt on the service doesn't seem the worst thing anyone could do in order to see if they can get benefit from it. Arguably, someone could blow their account up as a result but I would venture that if someone needs to subscribe to a service and then blindly follow it they are likely to blow their account anyway, irrespective of who's service they are buying.

So, if WS really wants kudos/recognition/praise (or whichever other non-egotistical word he would prefer) then, in my opinion, he needs to be clear on exactly what he is doing and how he describes it. When I talk to my traders, that is what I get - clear answers to clear questions - and I expect nothing less as confusion leads to losses.

Eschew obfuscation!

Good thread btw; opinions are what make a market.
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Old Dec 2, 2011, 8:19am   #442
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MajorDutch started this thread
Quote:
Originally Posted by the hare View Post
Thanks for that, its a genuinely useful facility (other than it being provided by CMC). I'm sure that somewhere in his thread, the issue of who he's trading with has been raised and discusssed.

If he has access to fractional pricing why cant he simply say, my broker offers fractional pricing. The real issue isnt about how many lots he closes, the issue is trying to understand how he eventually ends up at a pip count.

It doesnt really matter how he does it, as long as its fully disclosed, and applied consistently to winners and losers. The fact that he simply wont answer such a simple question is the reason that he's under fire.

I gave a hypothetical scenario, 2 lots at +40 and and 1 lot at +60. Rather than simply type a number such as +48, or +140 he waffles on for pages and pages avoiding the question, and redirecting people to a thread almost 2500 pages in length.

He cant really expect to be treated with respect when he plays these types of games.
he has stated before that he trades with IG markets and CMC.

it's a fair question which should be answered imo.
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Old Dec 2, 2011, 9:18am   #443
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Finally ..........I kept my word and exceeded target


FTSe , euro and nasdaq shorts closed + 70

+ 520 points for the week

I thank my Lord for his endless blessings
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Old Dec 2, 2011, 9:46am   #444
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last 1/3 ftse, euro and nasdaq closed + 130 points

what an amazing week folks

unbelievable results !

I have promised my students to hit + 700 points each week now until Xmas .......consider it an Xmas gift !!
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Old Dec 2, 2011, 9:49am   #445
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Go spam your thread if you can't answer basic questions. This is an Independent review and you don't seem to be adding anything constructive by way of helping us understand your creative accounting. You should never have posted here to start.
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Old Dec 2, 2011, 9:53am   #446
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Quote:
Originally Posted by Masquerade View Post
Go spam your thread if you can't answer basic questions. This is an Independent review and you don't seem to be adding anything constructive by way of helping us understand your creative accounting. You should never have posted here to start.
"I am short eur/usd from 1.3522

Wallstreet1928
12:49 PM (2 hours ago)

upto 1.3532

avg = 1.3527

stop loss = 1.36

tgt = 1.34 region "


"i am short ftse from 5582... euro closed b/e - as always b/e stop when + 10!!

ftse short upto 5592

avg = 5587

stop loss = 5637


tgt = 5500 "


"short nasdaq upto 2343 ,

avg = 2338

stop loss = 2368

tgt = 2318 , 2308 "


Dutch and skak one will confirm these trades and that all entrys were met ???
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Old Dec 2, 2011, 9:56am   #447
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I am willing to give my mobile number to anyone who is willing to ring me and discuss my trading with me.

I am willing to clarify all issues that you have ?

I have given a comprehensive answer to every question posted ??

PM me and I will give you my mobile number

I am playing football @ 8pm and then going for meal with a client @ 21.30 !!

Thereafter I will be free
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Old Dec 2, 2011, 10:02am   #448
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Originally Posted by wallstreet1928 View Post
I have given a comprehensive answer to every question posted ??
No you have not. You have avoided every single question asked to date (including poor Barjon's who hopefully isnt holding his breath as he'd be dead days ago)

If I ring you and ask how many pips you made if you closed 3 lots at + 40, and 2 lots at +60, will you answer ?

I would require a single numeric answer. No explanations or jutifications necessary, just a simple one word numeric answer.
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