Independent Review of WallStreet1928

No, I won't. Provided that you post only your ENTRY, your STOP LOSS, and your TARGET PRICE.

As I have said earlier, this whole silly situation can be rectified by you starting a brand new LIVE trading journal HERE , so we can ALL evaluate your signal service.
The only things to be posted is your ENTRY, your STOP LOSS, and your TARGET PRICE.


ARE YOU MAN ENOUGH TO TAKE THE CHALLENGE ?

Good morning to all

if its not a complaint about averaging in , then it'll be a complaint about entry not being achieved due to time lag in posting on trade2win(text message being quicker).

Like I have said , I have already taken up the challenge and I have accomplished. When I hit my targets etc I was accused of not being honest etc etc !

Hence independent review

So please await the results from Mr Dutch

?

Thank you shakone

I must apologise to shakone publicly (because I have no EGO issues, I am able to apologise publicly without any shame). I did accuse him of being dishonest because I was upset he did not include my night trade which = + 35 and did not include my eur/usd long = +70 , because he did not meet entry by 0.333 of a pip. He is totally right and justified in his stance

I think he was upset with all the argumentation and bickering on Trade2win , and me accusing him of incorrectly portraying my results when they differ drastically to mine and dutch findings.

Shakone is a good man , an honest man.

I wish him every success in his trading career and his trading results

had shakone continued with his review into friday(shakone can confirm this if he wishes as he has text message and email sent to him on friday) ,he would have reported another + 70 on my ftse, nasdaq, euro shorts. BUt considering shakone has always reported 2/3 of my actual points stated , lets reduce + 70 BY 30% = + 50.

SO THE TOTAL POINTS FOR THE WEEK WOULD = + 102 = same points as a professional trader in the city

So even with the most conservative view I was profitable for the week. That is something that everyone can't deny as it is independently verified

Dutch should have me around + 300 for the week based on his last result of + 222

SO even if you want to reduce my points by 50% , i am happy with that !!

BUt the point is that I am profitable .......full stop !!

Alternatively you could just type a single number XX or XXX or whatever. Surely its much easier to type 2 or 3 digits than spending 5 minutes on the phone with each person who requires an answer.

That way you can at least be assured that there's no misunderstanding, just a clear and unambigous answer to a simple question.

So in case you forgot, the question that still requires an answer after months of being asked is this. If you close 3 lots for +40 and 2 lots for + 60 , how many pips would you have made ?

Out of interest, where have you got this notion? I occasionally speak to traders working in the city for funds/banks & prop and they never talk about pips or having to make 20/day.

I am honoured that people want to know how I operate to every minute detail. This is not good for my ego ......

Ok if you want to know exactly to the specific detail on how I take profit...here we go !!

I trade 5 contracts on average .... I close 4 contracts @ 1st target , then leave a runner for b/e for 2nd or 3rd target. If I see that the market is very bullish/bearish and has legs then I may take + 3 contracts @ 1st target , then 2 contracts @ 2nd or 3rd target. That is my trading style .......and it works for me based on the fact that I operate on > 90% accuracy level. I am not willing to adjust my strategy or adjuct the concept of averaging just so that it suits certainly people on this thread. This is the way I have been taught to trade by my noble teachers who have retired successfully as traders(chinese professor) and who currently trade with a > 90% accuracy level(Nicholas and Gareth @ ITMS).

If I operated on < 70% accuracy level then this strategy would not work.

My students are able to operate the way they please ......which is usually with 5-10-20-50 contracts(god knows how much they trade per point) and they usually exit fully or partially on 1st ,2nd or 3rd contract.

I have some students who just amend to b/e and leave , then they email me and say Wallstreet1928 that trade you gave is still active and is + 120 points.

My job as a teacher is to ;

1. point out the directional bias for the next hour or two, thereby giving them ample time to position themselves for the move

2. my job is to indentify an entry zone, usually 10 points wide for e.g. i am long ftse from 5500 - 5510 , hence avg = 5505. This entry zone is wide in order to account for
a) volatility
b) pricing on different brokers ..... 5510 on IG may not be 5510 on CMC ??
c) time delay ...by the time i send text and enter @ say 5510 , it may have either gone up to 5512 or down to 5500. In either case they may get a better entry than me or may get a worse one, but in the long run this averages itself out.
A very crucial point here is that the stop loss is never adjusted ..I always leave my stop loss stagnant regardless of average, as stop loss is calculated meticulously.

3. My job is then to manage my trade in real time ........i.e when + 10 or + 15 I send text message saying I have now reduced my stop loss to break even thereby reducing all risk from the trade.
Or alternatively if I expect a news candle event , or major volatility due to some geopolitical concerns ...then I will say stop loss is stagnant via text message and I will leave a hard stop loss as volatility expected

4. I will provide running commentary whilst the trade is active in order to explain why the market will go up. I do this by explaining the following
a) risk FX - e/u and a/u the commod FX pairs
b) commodities
c) equities and the relationship they have with rest of market .....for example BP = 7% of ftse , with oil and gas sector = 20 % of ftse 100. therefore if euro and aussie go up , oil goes up and then bp goes = ftse goes up
http://www.ftse.com/Indices/UK_Indic..._Factsheet.pdf

5. I then send technical and fundamental arguments via email for students to study in order for them to learn and revise exactly why I took the trade ???

conclusion = they remain with me for a few months until they learn to fly solo ???


Now tell me who on this planet is doing this ??

Name me one person who is teaching people to fly solo ??

name me one person who is leading by example, sticking his neck out on the line on every single trade he takes ?? Not only giving entry and exit but explaining to people how and why you took the trade ??

all in real time ?????


is that answer comprehensive enough for you ?


Like I said ...any queries questions I am here, you have my mobile number


RING ME ?? lets settle this once and for all today







I close

This is directly from several city traders, who are trading for several reputable firm.

This is a commonly known fact my friend ........

How else do you think I am on the verge of opening my own hedge fund, we will be looking to employ up to 300 traders and they will be trading with our money in the latter part of 2012 if all goes to plan.

Keep watching and God willing you will see that Wallstreet1928 will be name that is mentioned by everyone .........just give me time and you will all see !!