Supremefx:


Bro chill you’re acting paranoid.

So many hidden rules??
This company officially released an update to their rules, and of which you drew my attention to and I also updated it in here.

First thing first. Every trader is meant to take responsibility for their actions. That’s the first step to profitability.

That’s why such rule update was released publicly. We all know these firms are up and coming and they’d be advancements as they grow.

This person might be a victim of the new rules, that doesn’t change the fact that the company made it publicly official. Not like he fell a victim to it when no one knew about the rules.

Regardless as traders we are known as impressive problem solvers, if you have a direct contact to the person, I’d love the person to reach out to me.

The moment you start seeing my access to maven as an advantage to the forum, it becomes one.

Even there was a time fundednext tweaked their leverage on funded accounts without any public announcement Heaven didn’t fall. And some of us here were victims, but we didn’t have anyone to cry to, we had to chest it and move on.

N.B:
And no one saw you as a devil for drawing my attention to the rules update, you spoke in an unruly manner. That’s what caused the spark (Incase you don’t know).

If you check previous posts, you’d also see when someone else had drawn my attention to something, and I responded accordingly, hassle free.

Lastly, it is a personal choice to trade with maven, if you ain’t cool with their rules you just avoid them as easy as that. We are all online for a purpose same as the maven brand.

Thanks for Read ✅

That guy was speaking the truth. Maven cant just wake up and update rules that they didn't put up on the front pages of their accounts before purchasing and claim that traders violated or gambled. i have traded all my accounts the same way even up to withdrawal with maven but i noticed immediately they saw that i was passing challenges back to back they started accusing me of gambling and disqualifying me as such.
attached is my withdrawal and last disqualification they sent me after passing another purchased account.
Truth be told nobody is forcing anyone to stay or trade with maven but when you choose to and you are denied with excuses that they can update at anytime isnt good.
From my experiences now with prop firms, most of them are just updated bucket firms that dont really want to you succeed in high numbers. They rather a few succeed and majority remain looser. Only logged in to add my opinion to this maven issue, kudos to everyone that has kept FTA going over the years.
shalom.

blessed new week to all. For me i am taking gbp/cad short with tp at 1.6780 and long oil on a daily close today above 63.50 with tp at 65.83

Making it long term as a retail trader with limited funds in this biz is only when you trade long term which can be short-medium-long but surely not by scalping or what you call quick trades. i have seen successful people in this but only through long term positions because that's how you can build consistency, build your strategies and test them for a longer period, have peace of mind then have time outside Forex for other things and not baby sitting your screen praying. Ever since i started trading from daily to monthly time frames about 7years now its been a huge difference. Not to boast or sound in-modest at least i make about 200kplus a month with a Nigerian broker to cover my biz's payments in Nigeria which i know i down to having a good edge that suits your personalty and style.
Just a few charts for those who want or have technical views as to what to look for and always keep your edge or system simple.

Play for this week is to buy anything against the dollar and that mean sell the dollar. looking to buy gbp/usd to 1.2400 and selling usd/yen to 112.34. Any hope for a Rate increase is in 2 weeks time,they either going to make the dollar so cheap so as to buy low at the next feds meeting or push other currencies higher so as to sell high.
Good luck this week and hope some money is made

Happy new Month Folks, wish everybody another successful month ahead. Gbp/usd is ripe for a buy up to 1.2500 with a stop below 1.2280. Pls only play at your own discretion. Jline i think Gold is a buy at 1234 if it touches it before touching 1260 but if reverse is the case then its a sell.

Welcome to the early beginnings of the FX trading week, and good forex morning, afternoon or evening to all.
Market liquidity is super thin.

Price guide, a little USD strength at this stage, AUD and NZD shaking it off early:

heads up, medium term trade. buy usd/yen from here with a stop below 111.50 and tp is 115.

mrikay:


Is anybody there? Pls what price did eurnzd close last nite?

which close are you asking for cos am sure you know we have diff brokers and diff time zone close? london close, us close or gmt close?

Ghostfx:
happy new month, trade idea for this month is to sell both aud and nzd against the dollar.
sell aud/usd anywhere from here with a stop loss above 0.7710 or if a daily candle closes above 0.7700 then trade becomes invalid. first tp wld be 0.7595 and second tp wld be 0.7460.
sell nzd/usd anywhere from here with a stop loss or daily candle close above 0.7360. first tp wld be 0.7260 and second tp wld be 0.7190.

pls also do your own due dilligence and goodluck this week and this month.

OUR NZD/USD TRADE TP1 AND TP2 HIT. STILL WAITING ON AUD/USD

CFTC orders FXCM to pay $7M penalty for defrauding retail forex customers
Mon 6 Feb 2017 21:52:02 GMT
Author: Eamonn Sheridan | Category: News

Author: Eamonn Sheridan

Finance Magnates had this story
I found it also on Street Insider ... the gist of the CFTC finding:
(bolding mine)

The CFTC Order finds that, between September 4, 2009 though at least 2014 (the Relevant Period), FXCM engaged in false and misleading solicitations of FXCM's retail foreign exchange (forex) customers by concealing its relationship with its most important market maker and by misrepresenting that its "No Dealing Desk" platform had no conflicts of interest with its customers.
The Order finds FXCM, FXCM Holdings, and Niv responsible for FXCM making false statements to the National Futures Association (NFA) about its relationship with the market maker.

More:

The Order requires Respondents jointly and severally to pay a $7 million civil monetary penalty
and to cease and desist from further violations of the Commodity Exchange Act and CFTC Regulations, as charged.
FXCM, Niv, and Ahdout agree to withdraw from CFTC registration; never to seek to register with the CFTC; and never to act in any capacity requiring registration or exemption from registration, or act as a principal, agent, officer, or employee of any person that is registered, required to be registered, or exempted from registration with the CFTC.

Gretchen L. Lowe, Principal Deputy Director and Chief Counsel of the CFTC's Division of Enforcement.

"Full and truthful disclosure to customers and honest discourse with self-regulatory organizations such as NFA are vital to the integrity and oversight of our markets"

There is more at Street Insider

---
Here is some more detail:

the Order finds, FXCM had an undisclosed interest in the market maker that consistently "won" the largest share of FXCM's trading volume - and thus was taking positions opposite FXCM's retail customers.
It was an algorithmic trading system to make markets to FXCM's customers
FXCM eventually spun off the algorithmic trading system as a new company ... the company remained closely aligned with FXCM
This market maker received special trading privileges, benefitted from a no-interest loan provided by FXCM, worked out of FXCM's offices, and used FXCM employees to conduct its business, the Order further finds.

And here is what that all means ... (ps., this is unsubstantiated, just chatter, rumour only ... just what I've heard):

FXCM largest liquidity provider was a firm called HFT Co.
Owned by FXCM
Acted as a counterparty to FXCM clients
HFT had a "last look" at each trade
HFT could take a trade on board or pass it on to one of their liquidity providers

--
Commodity Futures Trading Commission (CFTC)

happy new month, trade idea for this month is to sell both aud and nzd against the dollar.
sell aud/usd anywhere from here with a stop loss above 0.7710 or if a daily candle closes above 0.7700 then trade becomes invalid. first tp wld be 0.7595 and second tp wld be 0.7460.
sell nzd/usd anywhere from here with a stop loss or daily candle close above 0.7360. first tp wld be 0.7260 and second tp wld be 0.7190.

pls also do your own due dilligence and goodluck this week and this month.

George Soros has big end of year loss but is still in the black for 2016

Carl Icahn is considered by some to be one of the greatest investors who ever lived, possibly even more successful than the Oracle of Omaha Warren Buffett.

Icahn has placed many trades over his career, but his trade since the November presidential election have turned out to be some of the most successful ever. Even though Icahn was relatively well positioned for a Trump victory heading into the vote (Icahn Enterprises’ investments are heavily weighted towards energy and other cyclical sectors [Disclosure: the author is long Icahn Enterprises]) it was the billionaire’s actions immediately after the result of the vote became known that have produced the best pay off.

George Soros Photo by Norway UN (New York)
In an interview with Bloomberg on November 9, Icahn revealed that he had left President-elect Trump’s victory party in the early hours of the morning to buy about $1 billion in US equities.

“I thought it was absurd that the market, the S&P was down 100 points on Trump getting elected,” Icahn said in a phone interview. “I tried to put a lot more to work, but I couldn’t put more than about a billion dollars to work,” he said. Even though Icahn has come out more recently to say that he believes the market is now overvalued, this one billion dollar trade has almost certainly generated hundreds of millions of dollars in additional profit for the former corporate raider.

Soros Loses $1 Billion Betting Against Trump

As Icahn has profited, the Wall Street Journal reports today that another infamous billionaire has lost big following Trump’s surprise election. It is reported that George Soros, who returned to trading at Soros Fund Management LLC (which manages his $30 billion fortune) earlier this year has incurred losses approaching $1 billion by betting against the markets in the wake of Trump’s win. However, while Soros’ specific bearish bets failed to pay off, the overall fund ended up for the year:

“The broader portfolio held by Mr. Soros’s firm performed better, posting profits before and after the election from long-held investments in sectors including financials and industrials, according to people familiar with the firm. Those gains helped Soros Fund Management gain about 5% on the year.”

In a rather interesting twist, the Journal also reports that Soros’ former protege, Stanley Druckenmiller, who was extremely bearish but in 2016 but reversed his views heading into the election, made a healthy profit off the outcome. Druckenmiller told CNBC a day after the election that he had sold all of his gold on the night of the election and exited bearish positions, becoming bullish on some sectors the stock market. According to people with knowledge of the matter, these bets helped Druckenmiller’s firm, Duquesne Family Office LLC, gain more than 10% in 2016.

Michael Vachon, a spokesperson for Soros Management did not immediately respond to a request from ValueWalk for comment.

The post Soros Loses $1 Billion Betting Against Trump; But Still Up For The Year appeared first on ValueWalk.

Ghostfx:
Good day and Good week to all. My monthly play is sell usd/yen now with a stop at 119 and a target of 113.20. Might seem weird considering that all the hype is about an increase in dollar rate but then the question is, if everybody is going one way where would you think the market would go to? Please again if you taking this trade. its at your own discretion also do your own risk analysis.

A good ride that was for about 250pips plus depending on when you joined. 10pound a pip times 240 is mine. so a good start to the year. if you took it you shld either have closed in profit or having a free trade at break even or you wait and close it at the end of fridays candle. Till next mnth again i say cheerio and take care.

Good day and Good week to all. My monthly play is sell usd/yen now with a stop at 119 and a target of 113.20. Might seem weird considering that all the hype is about an increase in dollar rate but then the question is, if everybody is going one way where would you think the market would go to? Please again if you taking this trade. its at your own discretion also do your own risk analysis.

Happy new year Folks, New year 2017 should just be like a new day, week, month and year in our forex world. And what we do is make sure we are prepared and ready to take on opportunities that such times present keeping in mind our risks and exposures and potentials to make profits. i wish us all another successful year both in our personal lives and forex world.

Good day, how much is this two going for?
* Reg 015 Range Sports
* Reg 013 Glk350 4matic

Thanks

Evening, afternoon all, just a little nugget on the side. keep an eye out for a weekly close of dollar/cad above 13410 and an oil close below 51.54. if there is a weekly close on that pair then its bullish going forward and a bearish for oil and reverse if both close otherwise.
have a good week

Good Morning House, Another new day comes with renewed hope and energy to be used positively either in our various jobs, lives and relationships. There is no benefit to our lives if we channel this very energy negatively to troll, fight and engage in acts that are detrimental to the good of others and their being. What we do here is hard enough to have time to keep yabs or tabs on each other. Nigerians are smart and warm if they choose to be but most times we allow the worst of us everywhere. Pls let peace reign and let only your words on forex and nothing else speak for you on here. keep your personal lives private not for public forums.

For those interested at your own discretion there is a short term buy of NZD/USD with a stop below 0.7040 for Tp @ or above 0.7091.

[quote][Ghostfx:
A little heads up for the week but pls only play at your own discretion and use good money management.

BUY -EUR/JPY ABOVE @115.08 OR NEAR
STOP LOSS-@ OR BELOW 114.57
TAKE PROFIT-@116.35 OR CLOSE.

BUY -USD/JPY ABOVE @102.76 OR NEAR
STOP LOSS-@ OR BELOW 102.20
TAKE PROFIT-@104.00 OR CLOSE.

Good luck and have a productive week wink]



All trades shld be in break even at least and keep an eye out for tp anywhere from here for usd/jpy

A little heads up for the week but pls only play at your own discretion and use good money management.

BUY -EUR/JPY ABOVE @115.08 OR NEAR
STOP LOSS-@ OR BELOW 114.57
TAKE PROFIT-@116.35 OR CLOSE.

BUY -USD/JPY ABOVE @102.76 OR NEAR
STOP LOSS-@ OR BELOW 102.20
TAKE PROFIT-@104.00 OR CLOSE.

Good luck and have a productive week

Evening and afternoon guys wherever you are. Just another few charts i want to share and to wet your appetite alittle about how keeping things simple with just one or two indys could be far rewarding with patience. Btw whatever indy or tool you see is part of my own little edge i developed for myself. Am sure if you want something similar you can as well google it and see some of the free types shared on the internet.

Good day all, just a few mussings want to share with the newbies and all.

As much as its a good thing that (pipb) and other oldies like helping the newbies with videos and stuff and also through YouTube videos, i would say from experience and am sure all you oldies here too would know same that most of this videos are never the 100% method or strategy that the owners really use because in this biz nobody would give you their winning strategy no matter how nice you are or sound so getting yourself submerged into a world of forex videos and asking for strategies would only prolong your breakthrough in this biz. As a newbie start like a student, go on and read and read and read about what your subject or course entails in this case FOREX, u can start from the babypis website and then practice, practice, practice and keep practicing all you have read and know till u find your own PERSONAL EDGE which in this biz which comes most likely after more than thousands of hours practicing and watching the dynamics of the Forex markets The plus side of watching videos are that it might bring new ideas but then the more u watch the longer it would take u to find, build and keep to your own edge without you redesigning and tweaking your system every time you see a new video or someone else s method.

Have a nice weekend

Morning folks, just a heads up. short gold on a hrly or 4hrly close under 1335 targeting 1325. Stop loss at your own discretion and valid till market confirms otherwise.