fastpipsjpy's Posts

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 04, 2012 at 23:39

Thank you for all the friendly messages and support along the way. I had a long message written, but this is clearly not a place where people come to talk about what happened, etc as it is simply a venting board now for the frustrated. I understand, when I first found forex many years ago, I personally lost well over $100,000 USD and that is solely why I wanted to learn and study so I could do better than the managed who lost all of my hard earned money. Over the past 7 years, I have grown a nice email list of forex traders, ran a nice website, created free videos all over the web and never...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 18:58

Yes, you will see on the charts, that the EURGBP shot straight up in one 15 minute candle to around 0.8220 (around 40 pips). Closing there would have put us at around a 45% account loss or so. As you can see from all the previous trades I did not have a problem cutting losses and cutting losses is the way to stop from losing even more and protect the account, however the few traders I talked with stated they would not be happy in any fashion with a nearly 50% loss of their account (which clearly makes sense), so that did bias my personal judgement on the trade to some extent. Another factor...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 18:28

I ran into similar comments during the last two large draw downs, then when the account recovered, everyone was nice again. Those who have been around since the start recall the hate posts and I deleted the discussion thread. After several dozen investors asked to have a new one so they could be kept up to date, I agreed...as long as things were kept honest and friendly...come good or bad. It's too bad some people are nice and friendly when they are making money, then hate and condemn when they lose it. I did not see any positive posts from those posting hate messages when we had 20 wi...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 18:23

I have private messaged you, as you wrote earlier that you are not even a client. Why are you posting to make things worse? I see this is simply becoming a hate board so I will leave it alone. I have done my best and posted everything in great detail over the past few weeks as it unfolded over time....the real clowns and emotional posting of hate only makes it more difficult on everyone and investors. Clearly you do not care about them, but I do...that is why I am still here and writing and working to do my best. Thank you.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 18:01

Just as a side note, I will not entertain any further slander or false claims here. Remember, I created this page simply to update investors at all times and I have done that. I will post any updates about the PAMM as I find out more information from Hot Forex, but if you have more detailed questions, simply message me here. I have nothing to hide, everything is clear and transparent....albeit not good. There are still live trades running in the market as well.Thanks for your time once again.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 17:55

Hey now....Shahid....my facebook account is only a tiny part related to forex. There is nothing there to hide and it should be back on shortly. I private messaged you here via myfxbook email and offered to talk and answer any questions. I am not a mean person or a scammer. I had 5 figures of my own money in the account. What is the reason for me to post all these updates, email people at all hours of the day and work so many long hours on this account if I only get paid when the clients make new profits? I am sorry you are disgruntled and I understand. I will work to grow the small amou...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 14:19

Greetings,As you have seen, the EURGBP has closed against us due to the margin used, but a portion is still running and live. If you can see a chart, there was about a 10 pip whipsaw down and all the trades that closed were with a mere 5 pips from the very bottom. I was actually on the phone with my contact at Hot Forex as the news came out and we are going to have a Skype session tomorrow (we only had around 5 minutes of phone time today due to his schedule) to chat about the current situation both with the PAMM account and with the US residents as well. I will post more updates and things...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 08:51

Greetings,We have has this PAMM since January of this year. USA residents are no longer able to trade with our brokerage of choice however....as listed above.We had two important news events for the Great British Pound (GBP) here overnight which both were nicely in our favor. Both of these numbers were poorer than expected for the GBP, which is what we wanted to help our EURGBP trade, however we have not seen the market move in our favor much at this point, maybe 10-15 points for a short time.Thank you.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 01:20

Hi there,Yes, I have no idea of what happened with the CFTC and Hot Forex, but they closed for the same reason as brokers overseas....pressure from the US....either courts, CFTC, NFA, whatever it may be. They have not been sued or have any complaints against them that I know of. But there is only one reason they, and 95% of other brokers around the world, no longer take "us". I have been "asked to leave within 2-4 weeks" from Exness (Russia), Instaforex (Russia), GoMarkets (Australia), and two others. I am not sure which had actual cases filed, but they sure all had the...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 03, 2012 at 00:27

Greetings,Here is an update for USA clients about Hot Forex finally having to give in to USA tyranny and over regulation:Yes, we knew it would only be a matter of time before they closed to USA clients and were threatened and forced with lawsuits like dozens of other excellent brokerages around the world. The USA has blacklisted it's clients in all markets like clients from Nigeria, Iran, etc....it is so so sad. Now, we need to find another new broker, or quit trading all together. I will never use a USA brokerage and have tiny leverage, have to follow the most foolish rule ever created...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 02, 2012 at 08:45

Greetings,Well we have had very poor news from every euro zone country and better than average news for the GBP....this is not a good combination for our EURGBP trade at the moment. The last bit of support is on the weekly chart back in June of 2010. We will see how the markets react.Thank you.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 02, 2012 at 07:57

Greetings,So far every bit of news for the euro (namely Italian, German, and French data) has been terrible...actually the worst in several years for all three. The unemployment rate is also shown to be rising for the euro zone. It seems we are in a perfect storm of euro weakness, which I am not concerned about for our EURCHF trade, but I am concerned about for our EURGBP trade. We will begin scaling out of EURCHF soon if need be to free up margin in the account. We are looking for poor GBP news in about 30 minutes which could help to rise the price on the EURGBP.Thank you.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems May 01, 2012 at 16:07

Greetings,We had well over half of the draw down eliminated over night, only to give back much of that performance on the EURGBP pair once again. To be clear, we have not placed any new trades for a while, but the trades moved much higher late last night and then gave back a chunk of those gains in the morning hours after the ISM numbers from the USA as it hurt the euro currency. Currently, we are still in a much better place than 1-2 days ago, but not nearly as good as overnight. There was a rise in the EURGBP from bottom to top of around 75 pips, then a retracement from peak to current pr...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 30, 2012 at 22:38

Greetings,A short update for today...As you may see we have a slightly improved account today, although it is far from ideal. The two trades running in the account are monitored at least every 10 minutes, 24 hours a day and our next step is to close out of EURCHF longs to free more breathing room in the margin if needed. Aside from closing all trades and locking in the large draw down, it seems this is the best choice to allow a bit more flexibility in the eurgbp trade. Again, we did not get to close the trade, or the 50% of it as planned, prior to the GBP news a couple of weeks ago. Our t...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 29, 2012 at 18:13

Thank you for the kind words in these current conditions. We are a few hours away now from market open and will see how things go from there. More to come soon.....thank you.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 29, 2012 at 15:22

Greetings,Your account will not be margin called if it is below $500, this is simply the minimum to open an account. If you think of it logically, it would not make sense to not allow a $500 account to ever go lower, or anyone with a losing trade at the start would be closed. As far as I know, any size account will be treated equally once it is opened, so a $500 can fall well below $500 and have no issues...to clarify, if the $500 account gets margin called, then the entire managed account and all accounts in it will get margin called as well. I hope this helps to clarify. All account woul...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 29, 2012 at 04:29

As the market is now closed for the weekend I thought I would update on the status of the account. Currently, we are still in a sizable draw down and will be planning to close many EURCHF trades Sunday evening when the market opens if the trades do not turn in our favor shortly thereafter the open. Closing these trades will free up more margin for the EURGBP trades and allow more breathing room for trading. As you may know, we have not opened many new trades over the past weeks due to the the EURGBP and EURCHF trades using most of the margin. After speaking with a few investors and getting...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 27, 2012 at 08:39

One last note until tomorrow....there is mounting pressure on SNB's Jordan to raise the peg in the EURCHF from 1.2000 to 1.3000, he is not ready to do this yet, but if it does happen, our account would rise to well over $1,000,000+ with our current order size in that pair. If we can get even a smaller rise to 1.2200, we would be in nice profits for everyone...only time will tell and we will do our best. Thank you.

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 27, 2012 at 08:32

Greetings,As you may know, we have not placed any new trades for around 2 weeks now as we have our large EURCHF trade and EURGBP trade running live in the markets. There was hope for Swiss National Bank's Jordan to speak about raising the peg for the EURCHF today during his talk about 20 minutes ago, but that did not happen. He did, however, state clearly that he would defend the 1.2000 peg at all costs and the price is currently at 1.2013. The EURGBP trade is the one that is pulling our account down dramatically. If you are a forex trader, you will recall last week April 17th, there w...

Fx Power Club - Growth, Hot Forex PAMM in Trading Systems Apr 25, 2012 at 13:28

Yes....great news for our account, but it is not sticking as much as I would have hoped. Today is a new day and we will see what it brings! :) Take care.

All Quotes
AUDUSD	0.6414	USDCHF	0.9102
EURJPY	164.77	EURCHF	0.9701
EURGBP	0.8605	GBPJPY	191.31
EURUSD	1.065	GBPUSD	1.2368
USDJPY	154.619	USDCAD	1.3798

EURUSD	1.065	GBPUSD	1.2368
USDJPY	154.619	USDCAD	1.3798

Posts by fastpipsjpy