GBP&EURO Trades (silverbulit) Part 2

[silverbulit]

rezo_s,

First of all, my trading results are much better than that actually. I have three accounts. One for position trading/swing trading, one for scalping and one for hedging. I use specific brokers for each strategy because each broker has their positives and negatives. The performance results I mentioned on forexnews and moneytec are only for my swing/position trades.

Secondly, please visit my website as you can easily answer most of your questions there by doing some simple calculations and reading about the maximum leverage I use etc... There you will also find my postion/swing trades that I took since Feb. 18. My scalping technique works very well also but, % winning trades obviously are not as good as I keep my stop-losses tight and my profits only range from 10-30 pips on average. All of my trades are 100% verifiable through forexnews/moneytec (look at the classified section for the post ID's of my fxnews forecasts which were free at the time) and my personal trading account obviously is proof as well.

You need to understand Rezo_s that I don't NEED to manage anyone's money. I only added this service to my website to accomodate a few customers who recommended it to me. I will not take more than 3-5 clients for this. And the only way I would sell my system/equations/tecniques to anyone is if a bank came to me with a very large some of money. Then I will show all the proof in the world about what I've come up with. Do you know of a bank that is interested? Then, let's sit down and talk.

Again, let's try to keep this thread on topic which is trade recommendations. If you need to contact me for something which is not a benefit for everyone then feel free to either PM me or send me an e-mail at info@forexforecasts.net.

Best regards,
Kal

[For_Ex]

Kal,

Just alittle humor with this post, no questions at this time. Take a look at this link and do not take it to seriously.

Cheers

http://www.smilepop.com/index.cfm?ac...9&page_id=8409

You will need some speakers.

[rezo_s]

Hi again Kal.

Well, visited your website. The only thing I found about your trading except for the mystical "time forecasts of trend reversals" phrase and "Don't over leverage yourself. Anything higher than a 30:1 margin is considered extremely risky." which gives no serious indication about your risk management, I found nothing. BTW 1:30 is waaay out of normal leverage boundaries. Also, I see only results from Feb.18.

Don't get me wrong, I have nothing against you or your posts here. We are discussing something different, but you are indeed being arrogant as you said for yourself.

No bank or not even any serious investor will be taking 1.5 months results as enough reason to work with you no matter what. You are suggesting me to bring you some BANK ??? and what should I tell? I have 1.5 months of trading with fantastic results. I don't know what his trading is based on, don't know minimum about his trading/risk. nothing, but you should come and meet him because he said he will be a millionaire in less than a year, that he is not willing to manage others money and he also told me:

"... the only way I would sell my system/equations/techniques to anyone is if a bank came to me with a very large some of money. Then I will show all the proof in the world about what I've come up with. Do you know of a bank that is interested? Then, let's sit down and talk.
If you need to contact me for something which is not a benefit for everyone then feel free to either PM me or send me an e-mail at info@forexforecasts.net.
So, as you see my dear bank, I have the privilege to be in contact with Mr. genius, so lets not loose this chance and grab him...

Come on man, even UBS - one of the largest investment banks in the world is accepting money to manage. Its asses exceed $800 billion... but hey, you are the man.

I tried to make friends with you and to conduct talks with to you in appropriate manner, but you are as arrogant as it gets, and except for that you seem to be a very very selfish person. You are giving me the benefits to contact you? oh, thank you your brilliance of high math; its my honor.

I am not angry with you my friend, it just made me smile. I asked you for the trading details/risk management and other details for possible business, but if you think you are way above doing it with your 1.5 months stats, then I have to apologize.

Seems like its you the one that is the reason for all the posts and buzz over your thread. You don't treat people with respect and by that are making a big full of yourself. You are actually disrespecting yourself by that more than anyone else.
Nevertheless, selfish and arrogant person may still have a profitable trading and it doesn't mean you cannot or will not succeed. Still, I prefer not being in touch with such people and those who have more than 1.5 months of results.

I sincerely welcomed you here and posted nothing but polite things, but if this is the way you wanna be - arrogant - go ahead - its a free community forum. I have no desire to read your posts anymore, so welcome to my ignore list. Its a shame I wasted so much time on reading your thread to welcome you here, post something that I think and visit your website. I have very little time lately, and I should have better spent this time - could read something more interesting and constructive on my favorite forum. My mistake.

Be well,

Rezo

[silverbulit]

Rezo_s,

I sensed from the first message you wrote and from the underlying tone of your messages that right away you were looking for the faults. I suppose this is acceptable coming from a competitor.

First of all, please check your math. From Feb. 18 until now this would give you 2.25 months - not 1.5. And 2.25 months of live trading with this system is all I have to offer. I can't make claims of trading it longer than that if it didn't happen. I can't make claims of success before that because my forecasting system only went live on Feb. 18.

Secondly, I don't know why you are lashing out at me? If you feel that my self-confidense is overwhelming or distasteful then this is your opinion. I am successful because I have confidence in my abilities and I don't think anyone would put their trust in someone who has no confidence.

That's fine that UBS has thousands or even millions of clients. 3 - 5 clients is all "I" can handle. What is wrong with that? I'm not out to become rich from other people's money. I have my own money to do this with.

GL to you,
Kal

[MickMason]

Originally posted by silverbulit

April 15 -
long EUR/USD (avg. 1.1963)
long GBP/USD (avg. 1.7885)

April 19 -
Closed long positions @ avg. 2065 and 8090. +307pips

You make the claimed bottom line results very easy to understand, but you make the trades themselves vague and hard to follow for any novice trader.
You omit to mention at what price these trades were originally opened, where exactly you added to your losing position and the trade size of each addition in order to reach your claimed average, or where your stops were placed originally and where they were moved to at each addition. It's a complete mess, no one could possibly follow these trades live let alone determine whether the risk/reward ratio was acceptable, or how much equity would have been required to keep a losing position open (and added to) without overleveraging. You also forgot to mention your losses during the same trading week (14th), probably doesn't look too good when trying to impress potential customers. So from the claimed +307 we are already down to +228 for one weeks trading two pairs, not too impressive really, 23 pips on Eur out of the moves we saw last week (especially after you promosed some 'awesome pips'!), and only 205 on Cable after the incredible moves that were easily tradeable using run-of-the-mill technical analysis, even a simple EMA cross strategy would have netted more.

I can't be bothered to go through all the trades, they're probably much the same anyway, but here's the ones from the 14th to the 19th, using the scant information you conveniently posted after prices had moved. I notice you make decisions as you go along instead of planning the trade beforehand, minor details like stops and targets to determine risk/reward. Clear and precise trade calls would probably be too transparent and not suitable for a chancer trying to fleece money from people.

You're a novice trader, that's very clear, more like a gambler than a trader.

Regards

Mick

Posted by Silverbulit in various threads
________________________________________
14-04-2004 13:23
Got stopped out on euro longs @ 85... -79pip.
Started to take GBP longs now starting 1.796.
________________________________________
14-04-2004 13:30
Will re-enter euro longs @ my stopout point if seen using full position that I was carrying. It was bad S/L point and should have been a few pip lower.
________________________________________
14-04-2004 13:36
euro longs filled again @ 84
-78 pips on this position.
started to accumulate GBP from 7960 and will add on every 50 pip drop.
________________________________________
15-04-2004 12:27
EUR/USD (avg. 1.1963)
GBP/USD (avg. 1.7885)
________________________________________
16-04-2004 14:46
Moved S/L's to breakeven on my longs.
EUR/USD (avg. 1.1963)
GBP/USD (avg. 1.7885)
________________________________________
18-04-2004 20:46
Taking profits for half of positions at the following targets and put trailing s/l on the other half.
EUR/USD: 1.2080/2100
GBP/USD: 1.8090/8110
________________________________________
19-04-2004 14:03
Targets for GBP/USD and EUR/USD reached and closed half at targets.
Liquidated the remaining half of my GBP and EURO long positions @ 1.809 and 1.205 respectively.
________________________________________

[silverbulit]

Mick,

I see that you posted something but I can no longer view what you're typing as I put you on ignore a long time ago. I'm sure it was the same useless dribble that you always post anyhow.

[MickMason]

The truth is often too painful to read, besides which you can't argue too much about the numbers, they speak for themselves.

It's a strange coincidence that anyone asking awkward questions goes on your ignore list.

Regards

Mick

[silverbulit]

Mick,

I see that you posted something but I can no longer view what you're typing as I put you on ignore a long time ago. I'm sure it was the same useless dribble that you always post anyhow.