JPCfx (ECN) Discussion

Below is my skype session with a Nigerian scammer showing us one winning real account with fxpro.com out of 300 losing accounts.

market is open and trying to publish the account, i received a message to wait 2hrs.
[12:35:52 AM] Stephanus Rensburg: ok
[12:37:44 AM] ECN's: they're not asking for my login yet. Just investor's paswd.
[12:38:03 AM] ECN's: maybe after 2hrs they will.
[12:38:11 AM] ECN's: you use them?
[12:39:07 AM] ECN's: you seem to be busy. I will try them tomorrow.
[12:39:25 AM] ECN's: hv a great night.
[9:06:58 AM] ECN's: hello Stephanus.... Just completed myfxbook profile.
[9:07:28 AM] ECN's: here's the link to verify its real.

https://www.myfxbook.com/members/1stECN
[9:43:03 AM] ECN's: detailed one... :: https://www.myfxbook.com/members/1stECN/jpcfx-ecn/49598
[11:16:14 AM] ECN's: have you seen the report?
[11:16:43 AM] Stephanus Rensburg: yes, where are your other 100 accounts showing steep losses that you have not yet uploaded
[11:17:08 AM] ECN's: did I tell you I have 100 accounts?
[11:17:26 AM] ECN's: what is your intention? Investing or questioning?
[11:17:30 AM] Stephanus Rensburg: no, you have to prove that you don't as per karl popper falsifiability principle
[11:18:18 AM] ECN's: well, I dont have 100 accounts, I'm setting up a hedgefund soon that will handle lots of account based on my strategy.
[11:18:25 AM] ECN's: what do you want...?
[11:19:11 AM] Stephanus Rensburg: For you to show me your income tax return, some way of proving that you are not running 100 EA's over 200 accounts and only showing me those 3 real accounts that made money out of 300

Hi Stephanus,
I'd be interested to know what you based your accusations on.
Is there a conversation outside of this one that we aren't aware of as there is nothing incriminatory in this one?

Stephanus, you should post the full and not part of it. Below is it.

[9/12/2010 10:16:37 PM | ECN's: market is open and trying to publish the account, i received a message to wait 2hrs.
[9/12/2010 10:36:08 PM] Stephanus Rensburg: ok
[9/12/2010 10:37:57 PM] ECN's: they're not asking for my login yet. Just investor's paswd.
[9/12/2010 10:38:15 PM] ECN's: maybe after 2hrs they will.
[9/12/2010 10:38:23 PM] ECN's: you use them?
[9/12/2010 10:39:20 PM] ECN's: you seem to be busy. I will try them tomorrow.
[9/12/2010 10:39:37 PM] ECN's: hv a great night.
[7:07:10 AM] ECN's: hello Stephanus.... Just completed myfxbook profile.
[7:07:40 AM] ECN's: here's the link to verify its real.

https://www.myfxbook.com/members/1stECN
[7:43:15 AM] ECN's: detailed one... :: https://www.myfxbook.com/members/1stECN/jpcfx-ecn/49598
[9:16:25 AM] ECN's: have you seen the report?
[9:16:56 AM] Stephanus Rensburg: yes, where are your other 100 accounts showing steep losses that you have not yet uploaded
[9:17:20 AM] ECN's: did I tell you I have 100 accounts?
[9:17:38 AM] ECN's: what is your intention? Investing or questioning?
[9:17:43 AM] Stephanus Rensburg: no, you have to prove that you don't as per karl popper falsifiability principle
[9:18:30 AM] ECN's: well, I dont have 100 accounts, I'm setting up a hedgefund soon that will handle lots of account based on my strategy.
[9:18:37 AM] ECN's: what do you want...?
[9:19:23 AM] Stephanus Rensburg: For you to show me your income tax return, some way of proving that you are not running 100 EA's over 200 accounts and only showing me those 3 real accounts that made money out of 300
[9:20:17 AM] ECN's: 1. I dont use EA.
                             2. I'm a pure technician by heart.

stephanusR posted:
    Below is my skype session with a Nigerian scammer showing us one winning real account with fxpro.com out of 300 losing accounts.

market is open and trying to publish the account, i received a message to wait 2hrs.
[12:35:52 AM] Stephanus Rensburg: ok
[12:37:44 AM] ECN's: they're not asking for my login yet. Just investor's paswd.
[12:38:03 AM] ECN's: maybe after 2hrs they will.
[12:38:11 AM] ECN's: you use them?
[12:39:07 AM] ECN's: you seem to be busy. I will try them tomorrow.
[12:39:25 AM] ECN's: hv a great night.
[9:06:58 AM] ECN's: hello Stephanus.... Just completed myfxbook profile.
[9:07:28 AM] ECN's: here's the link to verify its real.

https://www.myfxbook.com/members/1stECN
[9:43:03 AM] ECN's: detailed one... :: https://www.myfxbook.com/members/1stECN/jpcfx-ecn/49598
[11:16:14 AM] ECN's: have you seen the report?
[11:16:43 AM] Stephanus Rensburg: yes, where are your other 100 accounts showing steep losses that you have not yet uploaded
[11:17:08 AM] ECN's: did I tell you I have 100 accounts?
[11:17:26 AM] ECN's: what is your intention? Investing or questioning?
[11:17:30 AM] Stephanus Rensburg: no, you have to prove that you don't as per karl popper falsifiability principle
[11:18:18 AM] ECN's: well, I dont have 100 accounts, I'm setting up a hedgefund soon that will handle lots of account based on my strategy.
[11:18:25 AM] ECN's: what do you want...?
[11:19:11 AM] Stephanus Rensburg: For you to show me your income tax return, some way of proving that you are not running 100 EA's over 200 accounts and only showing me those 3 real accounts that made money out of 300

I also guess this best answers your post.

To whoever is interested. view the below thread :

https://www.trade2win.com/boards/forex-strategies-systems/93634-trade-like-large-financial-institutions-banks-hedgefunds-e-t-c.html

and the report from this one:

https://www.trade2win.com/boards/forex-strategies-systems/93634-trade-like-large-financial-institutions-banks-hedgefunds-e-t-c-5.html#post1234012


I guess the post from the above is from a jealous member of t2w who's just frustrated with his very poor performance and possibly my success in the forum and trading in general.

My advice is learn how to trade profitably.

<a href='https://www.myfxbook.com/files/stephanusR/M_20100913_13_32_33.jpg' target='_blank'><img src='https://www.myfxbook.com/files/stephanusR/M_20100913_13_32_33.jpg'/></a>

Account shows a near 50% decline the last month. See the screen capture below.

No use replying your post.

The investor who invested withdraws profits month in and month out.
below is the trade executed on friday and today.

Thank you for introducing me to myfxbook 😄

click on the attached image for most recent report.

Thanks Stephanus

stevetrade posted:
    Hi Stephanus,
I'd be interested to know what you based your accusations on.
Is there a conversation outside of this one that we aren't aware of as there is nothing incriminatory in this one?

https://www.forexfactory.com/showthread.php?t=255064 If a person makes a claim he must provide a way to falsify it. Forexfactory.com posters have outed james16 and jacos two posters with huge following as frauds .

So basically what you are saying is that unless people prove their authenticity through Stocktwits they should be distrusted?

stevetrade posted:
    So basically what you are saying is that unless people prove their authenticity through Stocktwits they should be distrusted?

Yes, either a single https://stocktwits.com/stephanusR account or your audited tax return. The IRS wants to know about your net gain across all 100 of your futures accounts. They won't tolerate games like https://www.managed-forex-investing.com/forex-money-managers is playing by only showing us five winning accounts out of 500. With myfxbook.com we can play games by uploading only those real accounts that made money, I don't think Steve, that one would want to play games with the UK tax authority. The assumption must always be that a person is a fraud and trying a scam until he can prove the converse.

See this thread https://www.forexfactory.com/showthread.php?t=254552 'James16 is not credible' and https://www.forexfactory.com/showthread.php?t=27286 ''Jacko's''

Stephanus, I understand your concerns and I support the critics against scammers but I don't agree with you in this case.
A person could have 5 accounts running 5 different strategies. If 4 of those accounts are in loss and the 5-th is a long term winner that doesn't make that person not credible. That's why there are different strategies and different accounts.
I think a person with myfxbook verified account, reputable broker as dbFX, CitiFX, FXCM, FxPro or else and quite large live account(a sign that the person trusts his strategy) cannot be called scammer.
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.

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.

As usual, today's trade turned out to be a success. view the attached image here

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😝

I have attached a report here too for members viewing.

<a href='https://www.myfxbook.com/files/1stECN/today.PNG' target='_blank'><img src='https://www.myfxbook.com/files/1stECN/today.PNG'/></a>

Cheers.

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

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

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. ???

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='https://www.myfxbook.com/files/1stECN/account_identification.PNG' target='_blank'><img src='https://www.myfxbook.com/files/1stECN/account_identification.PNG'/></a>
<a href='https://www.myfxbook.com/files/1stECN/broker.PNG' target='_blank'><img src='https://www.myfxbook.com/files/1stECN/broker.PNG'/></a>


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

And for 'tumbleweed' question on how to verify trades, please go to this link :- https://www.myfxbook.com/help#help_34

Thank You