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JPCfx (ECN) (By 1stECN )

The user has deleted this system.

JPCfx (ECN) Discussion

Stephanus Rensburg (stephanusR)
Sep 14 2010 at 10:34
216 posts
forexma posted:
As you may see this ain't some 100$ account but it was rather a 40-50k account. Scammers don't conduct experiments on 50k live account.


Correct, they conduct it with other people's money at no risk to themselves. The trader of this account is a Nigerian. He has many accounts trading other people's money , taking 30% profit from the winning accounts and none from the losing accounts. The fraud is that he only uploaded a winning account and didn't show us his losing accounts. He is running 100 EA's of which one worked, the one he uploaded. The other 99 accounts he didn't take commission .

Now how do I know he is running 100 EA's? I don't of course, as explained it isn't for me to prove or disprove anything he says but for him to make his claims falsifiable. Look up falsifiability on Google if you don't know what it means.

Some say I am making 'accusations' . An accusation would be more in line with saying somebody stole sweets at Walmart for which I would then have to provide the proof or my accusation would remain unfalsifiable , it could be true or not . I am not so much 'accusing' anybody as insisting on the person making the claims to have such claims be possible to disprove.

If you are claiming trading proficiency then such claims must be able to be disproven as I Stephanus Rensburg have done at https://stocktwits.com/stephanusR which is in line with the Karl Popper principle of falsifiability. In other words I am not trying so much to prove my trading ability but rather for independent observers to disprove my assertion that I can time the futures and forex market.

Najite Puegeren
1stECN
Sep 14 2010 at 16:45
15 posts
As usual, today's trade turned out to be a success. view the attached image here


pc8multifx (pc8multifx)
Sep 14 2010 at 16:59
879 posts

stephanusR posted:
    
forexma posted:
As you may see this ain't some 100$ account but it was rather a 40-50k account. Scammers don't conduct experiments on 50k live account.


Correct, they conduct it with other people's money at no risk to themselves. The trader of this account is a Nigerian. He has many accounts trading other people's money , taking 30% profit from the winning accounts and none from the losing accounts. The fraud is that he only uploaded a winning account and didn't show us his losing accounts. He is running 100 EA's of which one worked, the one he uploaded. The other 99 accounts he didn't take commission .

Now how do I know he is running 100 EA's? I don't of course, as explained it isn't for me to prove or disprove anything he says but for him to make his claims falsifiable. Look up falsifiability on Google if you don't know what it means.

Some say I am making 'accusations' . An accusation would be more in line with saying somebody stole sweets at Walmart for which I would then have to provide the proof or my accusation would remain unfalsifiable , it could be true or not . I am not so much 'accusing' anybody as insisting on the person making the claims to have such claims be possible to disprove.

If you are claiming trading proficiency then such claims must be able to be disproven as I Stephanus Rensburg have done at https://stocktwits.com/stephanusR which is in line with the Karl Popper principle of falsifiability. In other words I am not trying so much to prove my trading ability but rather for independent observers to disprove my assertion that I can time the futures and forex market.



'... der Versuch, den Himmel auf Erden einzurichten, produziert stets die Hölle.'

 Karl, the Popper😝

Najite Puegeren
1stECN
Sep 15 2010 at 16:08
15 posts
I have attached a report here too for members viewing.

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

Cheers.

Steve B (stevetrade)
Sep 15 2010 at 16:12
1408 posts
I'm a little confused as to why you are posting the trade history details from MT4 when the exact same information is on your MyFxBook trade history

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Najite Puegeren
1stECN
Sep 15 2010 at 16:16
15 posts

stevetrade posted:
    I'm a little confused as to why you are posting the trade history details from MT4 when the exact same information is on your MyFxBook trade history


oh, you're right. no use...

Thanks Steve

tumbleweed
Sep 15 2010 at 18:42
21 posts
Nice record of trades. The GBP/USD has always given me headaches and it appears to be up to its typical unpredicatable nature from what I see in your September trades. I am fairly new on myfxbook. How do we know which FCM or Broker the trader is using, and how are the trades verified? I see two posts for one trader on myfxbook, one with results of several thousand percent returns and then another for the same trader with double digit returns for the same time frame. ???

Najite Puegeren
1stECN
Sep 15 2010 at 19:19
15 posts
tumbleweed posted:
    Nice record of trades. The GBP/USD has always given me headaches and it appears to be up to its typical unpredicatable nature from what I see in your September trades. I am fairly new on myfxbook. How do we know which FCM or Broker the trader is using, and how are the trades verified? I see two posts for one trader on myfxbook, one with results of several thousand percent returns and then another for the same trader with double digit returns for the same time frame. ???


I have attached 2 images below to show you how to know if the account is real or demo; plus also how to identify the broker.

Concerning the month of September.
The market is dynamic in nature and it changes. It is left for the trader to adapt to this changes and be quick enough to know when it does. My strategy also is dynamic and fits on all pairs; but I only trade 14 pairs with it.

On the month of September, there was a huge psychological shift in the direction of GBPUSD pair, I needed to apply this change to my proprietary strategy so I can remain on the winning side of the team. After a long wait that spanned through an entire 3 weeks, I had no other choice but to close the order at a loss (this is actually a professional way of trading I learnt several years back); it's by far better than holding onto losses until account equity reduces to cents.

As at this writing, my proprietary strategy is updated and such a large swing can never happen again; even on very large swings.

Below are the 2 images.
<a href='' target='_blank'><img src=''/></a>
<a href='' target='_blank'><img src=''/></a>


So, in conclusion and in reality, the GU is very predictable.

Najite Puegeren
1stECN
Sep 16 2010 at 04:22
15 posts
And for 'tumbleweed' question on how to verify trades, please go to this link :- https://www.myfxbook.com/help#help_34

Thank You

Najite Puegeren
1stECN
Sep 16 2010 at 06:18
15 posts
today's trade:

SELL AUDCAD at 0.9595 SL: 1.0198 TP: 0.9573
SELL AUDUSD at 0.93389 SL 0.9938 TP: 0.9321
SELL NZDUSD at 0.72370 SL 0.7836 TP: 0.7209

might post final result here or just go directly to my report profile if I don't post it here when tp is hit.

Thanks

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