SWING EUR/JPY Discussion

(I am making the following post in this thread in response to the comments made by olive10000 on my thread)

In the first few months of being a member here you never revealed that your real intentions (or should I say ulterior motives) here was to find investors. Instead you simply pretended to be just another private trader with no commercial interest whatsoever. Patience was right afterall about why you were posting BS on my thread.

Now lets take a look at your devious ways shall we?

https://www.myfxbook.com/members/olive10000/eurjpy-breakout/32104 >> Account blown and deleted from myfxbook


https://www.myfxbook.com/members/olive10000/fx-bk/57924 >> Account blown and deleted from myfxbook


https://www.myfxbook.com/members/olive10000/olivier/31438 >> Account blown and deleted from myfxbook


Now lets take a look at how you gamble instead of trading.


If it was your own money this wouldn't have mattered.. but since you are managing other people's money, everyone here should be informed about the way you would gamble with their money instead of trading.

This account started with 2000 Euros. The last time I bothered stopping by here and took a look at your stats was sometime in October... when you were making BS comments about Patience's trading.

In October, this account was still showing NEGATIVE gains and the account was not in profit. In fact, if you take a look at the chart you will see that this account went straight into losses from the very start. A comment made by Patience here on this thread in October substantiates it. He's also had to top up his account with a further 6000Euros thereafter to create additional margin to keep the account afloat. That is 3 times his original capital.

To get back into profit, olive10000 here desperately gambles with over-leveraged trades.

See attached screenshot of losses of over 13% from a single trade from just ~43pips.

<a href='' target='_blank'><img src=''/></a>



Also see attached screenshot which shows over 52% gains from a single trade from just ~220pips.

<a href='' target='_blank'><img src=''/></a>


He seems to be losing on average an estimated 10% per trade quite often. Just 10 such consecutive losing trades will wipe out the whole account. You will see that having 4 or 5 consecutive losing trades is quite the norm for this guy.

Take a look at the big spike up on 06Jan2011. Now see the screenshot which shows the trades that caused that spike up.

<a href='' target='_blank'><img src=''/></a>

Closing Balance on 05Jan is shown here :

<a href='' target='_blank'><img src=''/></a>


You will see that he has opened 9 lots with only a balance of a mere 6,226Euros. That's a leverage of 144:1. He seems to be trading or should I say gambling on guts and instincts of 'this is going to be a definite winner' so lets pile it up!!

If you pay close attention to the chart you will be able to notice that his gambling with high leverage is a recurring pattern. This account itself has come close to being busted. If he continues this way of gambling, it is just a matter of time before he blows up this account like the other 3 accounts he has already blown up.

Now.... you the members of myfxbook make your own judgements based on the facts that have been presented and arrive at your own conclusions on whether olive10000 is a gambler or a trader, keeping in mind his deceit and that he is hustling for naive investors, whose hard earned money it is that will end up getting busted.

I rest my case.