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starbucks

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Posts posted by starbucks

  2. Posted

    You may want to write up your project and post it on guru.com and see if you get a good offer. The problem may be finding someone with knowledge of the financial markets, which may or may not be a problem. Actually, I did get a bid from a firm that had experience with financial markets, so I don`t think that will pose a problem.

     

    I`m currently working with a programmer that I hired from that site for a very friendly price. I have not yet received the finished product, but if he delivers on what he promises, I will be very satisfied. If he don`t delivers according to the project agreement, I can refuse to pay him.

    Hi HighStakes,

     

    Is there any way to prevent the programmer to re-sell your "system" to others ?

     

     

     

    ~~~ Happy Trading ~~

  3. Posted

    I read your post and I get concerned... Here is why... Governments don't take it lightly when you just manage people's money without any regarding to regulations. I am taking my portfolio manager license for Canada exam because I want to make sure that the law or intent is on my side.

     

    Remember this, if you want to make this as a profession stay on the up and up, as you might be burning bridges down the road. And it is not that difficult to start... Just a bit of studying, and a bit of registration. That is IMO not too much to ask.

    Hi Christiangross,

     

    Thank you so much on your kind advice. I agreed with you. if we manage small fund government would take action againt us, once the fund the will come with hard action then the fine will be bigger. :)

  4. Posted

    I would tell you to try another broker but if you are a u.s. citizen you don't have many choice I guess
    Which broker would you recommend, btw, I'm not US citizen. What the impact if NFA take action like my 1st post mentioned.

  5. Posted

    If they needed any extra documents, wouldn't they let you know?

     

    I remember that oanda has forex managed account available for u.s. division but it is only available to u.s. citizens.

    ya, Oanda will ask you to sign some forms to declare that you are CPO etc something like that, but we are not CPO etc so how to over come this.....

  6. Posted

    As far as I know, signing the limited power of attorney is enough to make you a money manager :roll eyes:
    Hi Obsidian,

    Thx for the input. I think POA is not enough because it just authorised us to trade for clients. Correct me if am wrong.

  7. Posted

    I read an article in Forex Magnates today that NFA goes after PAMMs and money managers.

     

    link : http://forexmagnates.com/nfa-now-goes-after-pamms-and-money-managers/

     

    Does any one know that is it illegal to be a money manager to trade for clients in Interactive Broker - Friend & Family program and Oanda fxTrade Manager (less than 15 clients) without register with any regulated body ?

     

    Is there any way to be a Money manager without register with regulated body ?

  10. Posted

    ive used mfg for futures for years. they are pretty good as youll get institutional service levels - although they may not be the cheapest - they will fight your corner for you at the exchange should something go wrong like on the wrong side of a busted trade.

     

    couldnt comment on fx - but then i think 90% of fx 'brokers' are bucket shops

     

    Thank you for the information :)

  13. Posted

    Initial contact with John

    Here is the original message I received from John, together with my first response:

     

    Hi my name is John and I live near (in) USA. Your recent post was just about the best thing I have read in a long time.

     

    http://www.traderslaboratory.com/for...cess-9057.html

     

    I am 52 years old and have been day trading for almost 1 1/2 years. I am laid off work for nearly 2 years and am devoting my time to learn to become a successful trader. I am at my desk 2 hours before market opens and usually am here before bedtime....................

     

     

    Kind regards

    Ivan

     

    Hi Ivan,

     

    I totally agree with what you said. I'm in the same position with John ( mid life crisis )

     

    In fact, what you mention is better than a lot of "GURU" .

     

     

    ~~~ Happy Trading ~~~

  16. Posted

    1) price within 20 pips of the daily low - that is OPPORTUNITY

     

    2) red candle closes

     

    3) green candle closes - note the high price of the green candle.

     

    4) enter long at the green candle's high price

     

    5) STOP LOSS IS 10 PIPS

     

    6) Take whatever profit you can.

     

     

     

    Hi TRO,

     

    When the green candle close, should it be bullish engulfing candle or as far as it's green candle.....?

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