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BlueHorseshoe

Random Trading & Natural Selection

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"Although the amount made or lost on any given day will differ

depending on how far from its open the session closes, over time (or

large sample size) this should become insignificant, as small losses will

negate small gains and large losses will negate large gains."

 

 

I'm not sure about this statement. If the game is rigged to your disadvantage then this may not happen. IMO it depends on the distribution function. If it skewed positively then you have a chance of making money with random trading. This article that was posted before is about the positive skew of SPY and the high chance of profitable random trading in that market. The problem is that distributions are known after the fact. :)

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"Although the amount made or lost on any given day will differ

depending on how far from its open the session closes, over time (or

large sample size) this should become insignificant, as small losses will

negate small gains and large losses will negate large gains."

 

 

I'm not sure about this statement. If the game is rigged to your disadvantage then this may not happen. IMO it depends on the distribution function. If it skewed positively then you have a chance of making money with random trading. This article that was posted before is about the positive skew of SPY and the high chance of profitable random trading in that market. The problem is that distributions are known after the fact. :)

 

Hi,

 

Thanks for reading. I'm not sure about my statement either - in fact I'm not sure about the whole argument.

 

One simple problem with what I say there is that days with outlying ranges tend to be down days (crash scenarios) in certain markets. Another problem is that there are very good fundamental reasons for expecting certain markets such as SPY to exhibit a long term uptrend (caused by smaller but more frequent up days).

 

One possible solution to this is to "tune" the degree to which randomness dictates trading decisions (i.e. skew the distribution of outcomes or "weight the coin").

 

Another is get closer to the noise by applying the concept using smaller timeframes.

 

Both of the above obviously entail new problems all of their own.

 

As soon as you apply the concept I describe in the PDF though, does any of the above matter? Some instances of the strategy will benefit from the skew, whereas others won't; the former enjoy increased position size to generate a net profit.

 

Hope I've understood you correctly.

 

BlueHorseshoe

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I personally do believe markets are not moving randomly otherwise consistant profits could not be made......even if only a pattern is becoming repetitive and the rest is random, still means the "randomness" label can't be applied there.

 

TW

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I personally do believe markets are not moving randomly otherwise consistant profits could not be made......even if only a pattern is becoming repetitive and the rest is random, still means the "randomness" label can't be applied there.

 

TW

 

Hi TW,

 

I agree with you - I don't think markets are random either, not all the time, but . . . if they were I think they would be far easier to trade, not more difficult. It is natural to associate "random" with "unpredictable", but this is a mistake.

 

Random price movements conform to predictable distribution models.

 

Consider the following game:

 

I will toss an evenly weighted coin multiple times. If there are five heads in a row, Player A receives £200. If there are not five heads in a row, Player B will receive £20.

 

Who would you sooner be, Player A or B?

 

I look forward to your response . . .

 

BlueHorseshoe

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Hi TW,

 

I agree with you - I don't think markets are random either, not all the time, but . . . if they were I think they would be far easier to trade, not more difficult. It is natural to associate "random" with "unpredictable", but this is a mistake.

 

Random price movements conform to predictable distribution models.

 

Consider the following game:

 

I will toss an evenly weighted coin multiple times. If there are five heads in a row, Player A receives £200. If there are not five heads in a row, Player B will receive £20.

 

Who would you sooner be, Player A or B?

 

I look forward to your response . . .

 

 

BlueHorseshoe

 

Depends which player is Goldman Sachs.

There are no evenly weighted coins in the market.

Apart from greed,corruption and fraud "logical" thinking is what caused the huge losses in the first place.

 

Do they?

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Player B for me :D

 

OMG my message is too short so I had to write this :crap:

 

I would change that avatar..bad karma,it looks like pacman is permanently swallowing losses:)

But then mine suggests i'll end up committing suicide,but not before I make a 100 million...i'll take that deal:)

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Player B for me :D

 

OMG my message is too short so I had to write this :crap:

 

Obviously.

 

Now consider another game. A market will either tick up or down with each trade. If there are five consecutive up ticks or down ticks, Player A wins £200. If there are not five consecutive upticks or downticks, then Player B will receive £20.

 

Who would you sooner be, Player A, or Player B?

 

BlueHorseshoe

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This is not random................................

 

Assume the crowd are just a bunch of random people in a shopping centre (or "mall", for most of you) . . . I would be willing to bet that the next person to walk up to that karaoke machine was a worse singer.

 

That's random.

 

That's regression to the mean.

 

BlueHorseshoe

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Assume the crowd are just a bunch of random people in a shopping centre (or "mall", for most of you) . . . I would be willing to bet that the next person to walk up to that karaoke machine was a worse singer.

 

That's random.

 

That's regression to the mean.

 

BlueHorseshoe

 

 

ZDO has"a gazillion things to do" so he's sent me in here as a surrogate messer.So..in the style of ZDO.....

 

Far be it from me to disrupt this potentially excellent thread bud (as yet to manifest it's own humble ambushions)

 

To identify something as random is in itself and of itself (not in any random order) a definable and quantifiable pattern.In deciding that the next person" is random is system bias of a potentially destructive (to one's account :crap:) nature.

 

One can see the flaws within the universally accepted EW pattern of 5 random girl singers followed by 3 potential boyband rejects as a paradigm of shopping malls not envisaged by the original architects who built the emporium..mall...shopping centre..whatever....just one thing not considered in your original pdf.

One must always seek to go beyond initiation thoughts..they are simply the spark needed to light the match..practical application however may require several shifts in perception as to what is meant by "random"

Random price movements conform to predictable distribution models.

 

So,random "is" predictable BUT deciding on context is what screws with end user results..unintended consequences

 

One must first establish that the video was not a setup designed to look random.The obvious trade rarely strays far from sod's law.I would scale in only having eliminated these possibilities-(,and reach NO conclusions regarding concepts of randombless not least before the fat lady sings)

 

1-this is an Asian version of Xfactor

2-the bitch is miming

3-her twin sister who is an even better singer is next to take the microphone.......

 

just for starters....

And..when confronted with a gift horse (particularly a blue one :rofl:) force it's jaws open and take a damn good look inside before betting the farm.

 

I'd post a few unrelating and confused links if I had the time,but I got a gazillion things to do...;)

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Far be it from me to disrupt this potentially excellent thread bud (as yet to manifest it's own humble ambushions)

 

I wouldn't worry about that - I'm surprised the thread ever re-surfaced!

 

Whether price is random or not doesn't really have too much to do with the original point I was trying to make - assuming that it is (I don't) is just the easiest way to present the concept and removes the possibility of any objection on the basis of a trader's inability to predict prices (which, ironically, is the argument you're now trying make in reverse!).

 

The thread is posted under "Money Management" because that is what it is about.

 

I would summarise its main points as follows:

 

  • Rather than applying a position-sizing formula to a portfolio based on the net profitability of that portfolio, it may make sense to apply the position-sizing to each strategy or market individually, based on the net profitability of that strategy or market.
     
  • This can include situations where the strategies are applied in the same market, and even those where they are applied simultaneously so that, in single contract terms, they are completely neutral (pre costs).

 

I'm far more interested to hear reasons why this money-management approach is flawed than I am in discussions about whether price movement is random.

 

BlueHorseshoe

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Here is another experiment:

 

The BH is a contract that is very similar to the ES. It exhibits the same volatility and the contract value is identical. When BH moves 1 point, you stand to make or lose $50, just as with the ES.

 

You have a strategy which you may trade in either or both of these contracts.

 

You also know the historical performance of the strategy in each of these markets:

 

BH 20%

ES (20%)

 

What do you do?

 

Fast forward 1 year, and the returns for each market are now as follows . . .

 

BH (20%)

ES 20%

 

The trader who decided to only trade the BH, where historically the strategy had been profitable, has lost 20%.

 

The trader who decided to trade single contracts in both the ES and the BH has broken even.

 

The trader who decided to trade both the ES and the BH applying a fixed fractional money management approach is (roughly) breakeven. Though the profits from the ES would have allowed larger position sizing, this would have been reflected in the position sizing for both markets, so the losses in BH would also have been correspondingly larger.

 

The trader who began trading single contracts in each market but increased position-size for each particular market based on the strategy's profitability in that particular market should show a net profit. His single contract returns for ES would be negated by his single contract returns for BH, but he would have been trading multiple contracts of ES, leaving a net profit.

 

I have described what is hopefully a worst-case scenario again here; if you think you have a great strategy, then maybe it would have made 50% in one market and only lost 2% in the other, or whatever . . .

 

The outcome for a strategy isn't based on all of the price change of the instrument it is applied to - all that matters is the price change at those times when strategy and price intersect (when you have a position) - call that limited set of prices Data Set A. If a second strategy intersects with different prices and we call these prices Data Set B, then when you compare Data Set A and Data Set B you will have two different sets of price, which is pretty much the same thing as having two different markets. Hence exactly what I have described above with the ES and BH could be applied with two different strategies in just one single market.

 

BlueHorseshoe

Edited by tradingwizzard

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Are you REALLY serious about making SUBSTANTIAL profits trading the financial markets? Then take a look at the equity curve for the AMAZING trading strategy below . . .

 

  • Profitable over 10 years of ES data
  • Contains no element of curve fitting or optimised parameters
  • Sample size of well over 1000 trades

 

Wouldn't you love to be able to trade with this FANTASTIC strategy that just keeps on WINNING? Imagine what these PROFITS would look like if you traded more than one contract or many markets at once!

 

ONE-TIME SPECIAL OFFER - NUMBERS STRICTLY LIMITED - GET THE STRATEGY AT A 20% DISCOUNTED PRICE OF JUST $3800 !!!

 

BlueHorseshoe

 

 

// Buys or Sells Short randomly on Mondays, Wednesdays, and Fridays
// One day holding period
// Generated attached equity curve on first attempt

if Dayofweek(date)=1 or Dayofweek(date)=3 or Dayofweek(date)=5 then begin
if random(10)>4 then
buy this bar
else
sellshort this bar;
end;

If Barssinceentry=1 then
Setexitonclose;

5aa7120551a0a_StreakyReturns.png.b3ac9c3895456a6c896d85dcb7b94253.png

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Are you REALLY serious about making SUBSTANTIAL profits trading the financial markets? Then take a look at the equity curve for the AMAZING trading strategy below . . .

 

  • Profitable over 10 years of ES data
  • Contains no element of curve fitting or optimised parameters
  • Sample size of well over 1000 trades

 

Wouldn't you love to be able to trade with this FANTASTIC strategy that just keeps on WINNING? Imagine what these PROFITS would look like if you traded more than one contract or many markets at once!

 

ONE-TIME SPECIAL OFFER - NUMBERS STRICTLY LIMITED - GET THE STRATEGY AT A 20% DISCOUNTED PRICE OF JUST $3800 !!!

 

BlueHorseshoe

 

 

// Buys or Sells Short randomly on Mondays, Wednesdays, and Fridays
// One day holding period
// Generated attached equity curve on first attempt

if Dayofweek(date)=1 or Dayofweek(date)=3 or Dayofweek(date)=5 then begin
if random(10)>4 then
buy this bar
else
sellshort this bar;
end;

If Barssinceentry=1 then
Setexitonclose;

 

 

Even though you've given out the code for free,nevertheless,can I still give you the £3800?

I've been trading for 17 days now and have still not made anywhere near the 1k profit per day that Roger said I would easily make.When I questioned his hindsight trades on the simulator he ignored me.Then when I asked him to explain why he kept changing his "system" I was banned from the trading room after being sworn at and told that the system is not as important as the mental approach,and since Roger is mental himself and isn't a psychologist I feel............:confused: confused.

I'm still determined to find a mentor,anyone,prepared to rip me off in exchange for rehashing things they found on the internet but I can't find anyone who can keep a trading room running for more than 2 months without disgruntled customers threatening to sue them.

I know I should do some due diligence before handing over money I can't really afford to these nice people who care so much about me,but if I do that i'm scared I might find out they are telling porkies...why does reality always suck so much? :crap:

All I want is a simple code like the one above so I don't have to use my brain.The last time I used my brain it hurt so much I swore I would never try thinking for myself again.

Roger was almost the last straw.

 

Even though he looks like a car salesman with his fingers crossed behind his back.grinning like a conman who just stole somebody's locker key and found 100k in a travel bag,i was impressed with the number of computers he was posing in front of.Only after talking to others have I subsequently found out that the ex carpet salesman is now selling computors-not trading on them:doh:

 

I like your idea of trading as many instruments as you possibly can at once so you don't lose potential profits by only successfully trading one or two.It's this kind of mental approach that separates the theorists from the wannabe traders.Are you planning to start a room soon? If so,is the room inc in the £3800 fee?

 

Regards. I.Diot,Boise ,Idaho

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Hi Mitsubishi,

 

Not sure I like your tone . . .

 

I like your idea of trading as many instruments as you possibly can at once so you don't lose potential profits by only successfully trading one or two.

 

The "idea" isn't diversification. It's applying position sizing to individual markets/strategies rather than to a whole portfolio.

 

If you don't think that idea has merit but you're not prepared to provide concrete reasons for why, then any kind of discussion will be difficult.

 

It's this kind of mental approach that separates the theorists from the wannabe traders.

 

I enjoy theory. I spend a lot of time looking at theoretical trading methods around market microstructure that I know I'll never have the capital or technology to do anything with. I'd also like to apply my longer term ideas to trading a large universe of stocks, but I don't have the capital so the costs would kill me. So it's all just theory for me.

 

I also trade. End of day. Not automated, but entirely rule based. One single approach. It's very boring.

 

What I have described above is incorporated into what I am doing - past performance in each particular market is a factor in position sizing for me.

 

Are you planning to start a room soon?

 

Nope. Just trying to share ideas with other people here for free and hopefully get some feedback from those with more knowledge and experience. Just the usual. Nothing sinister. If people don't find it useful then it's no big deal - it's just a way to pass the time . . .

 

Kind regards,

 

BlueHorseshoe

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Are you REALLY serious about making SUBSTANTIAL profits trading the financial markets? Then take a look at the equity curve for the AMAZING trading strategy below . . .

 

  • Profitable over 10 years of ES data
  • Contains no element of curve fitting or optimised parameters
  • Sample size of well over 1000 trades

 

Wouldn't you love to be able to trade with this FANTASTIC strategy that just keeps on WINNING? Imagine what these PROFITS would look like if you traded more than one contract or many markets at once!

 

ONE-TIME SPECIAL OFFER - NUMBERS STRICTLY LIMITED - GET THE STRATEGY AT A 20% DISCOUNTED PRICE OF JUST $3800 !!!

 

BlueHorseshoe

 

 

// Buys or Sells Short randomly on Mondays, Wednesdays, and Fridays
// One day holding period
// Generated attached equity curve on first attempt

if Dayofweek(date)=1 or Dayofweek(date)=3 or Dayofweek(date)=5 then begin
if random(10)>4 then
buy this bar
else
sellshort this bar;
end;

If Barssinceentry=1 then
Setexitonclose;

 

Gorgeous curve! Comes with a cold and hard slap of the invisible hand of reality too.

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Gorgeous curve! Comes with a cold and hard slap of the invisible hand of reality too.

 

What amused me was that I thought I'd would have to keep running the code and eventually it would produce a nice looking curve. But the "gorgeous" curve came on the first pass - then none of a further twenty or so attempts produced anything even halfway decent.

 

Now what were the chances of that?

 

Kind regards,

 

BlueHorseshoe

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What amused me was that I thought I'd would have to keep running the code and eventually it would produce a nice looking curve. But the "gorgeous" curve came on the first pass - then none of a further twenty or so attempts produced anything even halfway decent.

 

Now what were the chances of that?

 

Kind regards,

 

BlueHorseshoe

 

 

Just out of interest, of the 1200 or so trades in the back test what percentage of time is your nice looking equity curve making new equity highs ? (I suspect it's less than 20% of the time)

 

You'd be doing new and losing traders a huge favor by publishing that statistic.

 

Your original post on this thread is probably one of few intelligent things I've ever read on any trading forum in over a decade. If your not already making a fortune trading at this point, it won't be long until you will be.

 

It's a pity there isn't a trading forum where this sort of stuff can be discussed, but perhaps it's just as well, some cats need to be kept in bags or everyone would be doing it

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What amused me was that I thought I'd would have to keep running the code and eventually it would produce a nice looking curve. But the "gorgeous" curve came on the first pass - then none of a further twenty or so attempts produced anything even halfway decent.

 

Now what were the chances of that?

 

Kind regards,

 

BlueHorseshoe

 

Amazing.

 

I remember a thread on TS that people were posting their most vertical equity curves from backtesting. It was a fun thread. I recall a few resulting in billion dollar gains starting with 10k.

 

Timing is critical with random entry since you are relying on luck.

 

If you go to a casino with $180 intending on playing $5 on your birthday number on a roulettle wheel, how different will the results be if you arrive at 8:00PM or 9:00 PM? If you play at table A or table B? If you go today or tomorrow, etc? If you have your favorite shirt on or not???

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Amazing.

 

I remember a thread on TS that people were posting their most vertical equity curves from backtesting. It was a fun thread. I recall a few resulting in billion dollar gains starting with 10k.

 

Timing is critical with random entry since you are relying on luck.

 

If you go to a casino with $180 intending on playing $5 on your birthday number on a roulettle wheel, how different will the results be if you arrive at 8:00PM or 9:00 PM? If you play at table A or table B? If you go today or tomorrow, etc? If you have your favorite shirt on or not???

 

How different would it be with a 10k marker?

 

[ame=http://www.youtube.com/watch?v=-3f_GvkMBqk]Casino Blackjack Scene - YouTube[/ame]

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Just out of interest, of the 1200 or so trades in the back test what percentage of time is your nice looking equity curve making new equity highs ? (I suspect it's less than 20% of the time)

 

Unfortunately I can't provide this statistic . . . I didn't record it at the time, and now there is no way that I can recall the trading decisions that this particular instance of the strategy enacted, as they were random.

 

Having said all that, I imagine that the equity curve made new highs little of the time as you suggest. Single unit equity curves, whether profitable or not, spend most of their time regressing towards a mean. New traders may struggle with this, but so do others.

 

This thread is not posted in Trading Psychology, but . . . :offtopic:

 

I have issues with this. I don't suffer from any excessive egoism. I am not someone who is obsessed with being a "winner". I trade an entirely mechanical approach with no discretionary decisions for which I am "responsible". Due to the self-learning methodology I employ, elements of the strategy are completely 'hidden' from me (I really have little idea of the specifics of what the strategy is doing, beyond the broad strokes).

 

But I can still watch a position and end up massively frustrated. Why?

 

What to do???

 

A recent post from SIUYA sums it up perfectly:

 

recognize it, work out a solution that works - probably by trial and error, and then fix it

 

In my case, I got someone else to place the trades.

 

I pretty much ignore it all. They don't care, so they follow the radar screen I gave them. To them, it's all OPM. I don't check the account balance (different broker to TS, who I use for charting). I follow the ES and EC more closely intra-day, so I have a good idea what these are doing, but I have no idea about my likely position in timber ETFs or REITs, say - maybe I'm long, maybe I'm flat, maybe I'm short . . . maybe I'm rich, maybe I'm broke . . . .

 

The only thing I know is that if I'm directly involved I'll sabotage it :)

 

Hope that helps someone.

 

BlueHorseshoe

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    • WHEN A CHECK/DRAFT IS PAID INTO YOUR ACCOUNT They say it’s a rule from CBN. When a check/draft is paid into your account, especially from someone using another bank, you will receive a credit alert.   The credit alert will be there as an SMS alert, email alert and if you even login to your Internet banking area, you see it there. The name of the sender is not included.   THE STATUS OF YOUR CREDIT The reality is that, the credit will never be added to your available balance. The book balance would be different from the available balance and you won’t be able to use it until after 48 hours. This would give your bank the time to confirm the cheek/draft. If it is genuine, the money would be added to your available balance. If it’s fake, the money would be removed from your account.   Sadly, most members of the public are not aware of this fact. Once many people see credit alerts from their banks, they believe it’s real money and they fall into traps. And scammers know that most people don’t know.   HOW BANKS AID AND ABET SCAMMERS Some banks will send credits alert to you, as soon as a check is deposited into your account. This is wrong, and it’s the loophole that the scammers capitalize on. Why should banks send credits alerts for checks that have not been cleared (checks that have not been confirmed)?   It currency takes up to 48 hours to confirm a check or draft and banks should not send alerts to their customers until that is done. So, if the checks are later proven to be forged/spurious, the money would then be removed from your account. Many customers are not aware of this.   Sane employees of sane banks, know that it saves a lot of things, when a check/bank draft is confirmed before alerting customers. If the one who pays, or the payee is really in a hurry, then they should look for other ways to transfer money. Yes, there are other and better ways to transfer money… And insisting on draft/check should raise suspicion.   A bank that alerts customers without confirming a check is really adding and abetting scammers.   SCAMMERS ARE DIFFICULT TO CATCH Yes, scammers are difficult to catch. Be suspicious of anyone who changes their numbers too often. Once they dupe someone and the person is threatening them, they remove the SIM and that person can never reach them again.   A scammer can pay one-year house rent and spend only a few months  - only to change accommodations. Changing offices is not a big deal to them. They try their best to erase all traces to them and they do their best not to come in your way again, forever.   They’re good at forging documents and using fake addresses and fake things. Until you’re convinced that you’ve been duped, they’ll be giving you guarantee that all is well, and no problem and anything going wrong would be corrected.   Meanwhile, while they’re fooling you that there’s no problem, they’re packing away from their locations.   I can tell you that some (and most of these scammers) are married with children. Some of them are elderly people. Some of them are really gentlemen in society and they still dupe people.   They know about the loopholes in Nigerian laws and they know that if you can even catch one of them, you can never catch the rest of them.   WHAT NIGERIAN BANKS AND CBN CAN DO CBN should instruct Nigerian banks that they should stop giving alerts to customers until the bank drafts and checks paid into their accounts, are confirmed to be valid. If a customer or those who may think they’re in a hurry, then they should use an electronic method or direct cash deposit to pay.   Yes, if they think they cannot wait for 48 hours or you can’t wait for 48 hours, for the bank draft to be cleared, then they should use another means of payment.   In this digital/electronics payment age, when banking technology has advanced so much, how can someone insist on using a bank draft or check to pay people?   Bank officials that don’t alert customers or put “locked” credits in their accounts until the checks have been cleared, are saving lots of lives. Bank officials that send credits alerts, when checks/drafts have not been cleared, are really not doing the right thing.   When banks start to refuse to credit or alert any customers (based on drafts or checks brought in their names), until the checks and the drafts are cleared and confirmed to be genuine, then scammers who forge checks and drafts will go out of the business. That’s the only way.   WHAT SCAMMERS DO AND HOW THEY BEHAVE When people want to scam you, they usually pose as honest, dependable and trustworthy people. They do everything in their capacity to prove to you that you’re safe when doing business with them.   They’ll always tell you that they’ve been duped in the past, and they don’t want to be duped again. They’ll be asking you to confirm that you’re honest and safe to do things with.   They pretend to be very religious.   They pose like lawyers, accountants, bishops, imams, etc. They claim to be holding very high positions in society. They claim to have international experience and connections. They “prove” to be close friends with those who’re working at Chevron, Head of Bureau the Change or a senior nurse at LUTH. etc.   They put on corporate dresses and use cars to deceive people.   They pretend to be who they’re not. They assume titles of the positions you respect. They spend a lot of energy, days and resources (which could have been channeled into other productive things) trying to dupe you.   The best way they get you is through someone you know very well. They may be a family member, a church member, a neighbor, a friend, a customer, etc. Someone you think you can trust. They will come to you through that person, as the one who introduces them to you. You won’t know that the person has a money sharing deal with the scammers.   The premise is: The person you know, who introduces others to you, usually for business or contracts or projects, is presumed by you, as someone who will not deliberately betray you, because you’ve been dealing together for some time.   Some of them may call you through the phone number of the person you know, who introduces you to them.   Sometimes, they insist on using drafts or checks only, to pay you, for a flimsy reason. No matter how, they won’t give up on you until they succeed in duping you.   You won’t know what people are capable of doing, until you find yourself at their mercy.   The best thing is not to fall into their traps in the first place.     HOW THE PUBLIC CAN PREVENT THIS SCAM One of the most effective ways to stop these scoundrels from their usual business and from destroying people’s life, is to create awareness and educate the public on how to guard themselves against these people.   1.         No matter what they say… No matter what they claim to be… No matter where they come from… No matter how they try to convince you… NEVER NEVER accept bank draft or check payment from anybody or any company or organization. Never allow such a thing to be used to pay money into your account.   2.         If no-one can do business with you unless they use a check or a bank draft, please forget about that business, no matter how “safe,” attractive or lucrative it may be.   3.         If they cannot pay by cash or electronic money transfer, then they should forget about doing business with you. Or they can use the draft to pay one of their own people, and then the person can pay you with cash or electronic transfer.   4.         Prevention is better than cure. It’s better to be safe than to be sorry. It’s better not to make money or not to do business, than to do what you will regret for the rest of your life.   5.         If you must accept a bank draft or a check, please disregard any alerts that come to you in any form. Wait for at least, 72 business hours, and then, contact your account officer to confirm if the money from that check has been cleared and added to your available balance. You must ensure that you are able to use that money before you deliver anything to those who used the checks/drafts to pay.   Beware of anyone making it seem to be in a hurry to do business with you. If they’re really in a hurry, then they must use another means other than a bank draft or check to pay you. Never release anything or send anything until you’re able to confirm that you’re completely safe.   Please save people from penury and financial ruin. Save them from pains and losses. Share this information on websites, social media, WhatsApp, Skype, Telegram and Facebook groups.   Forward it to your exchangers and their customers and all those who deal in goods and services in return for payment. You don’t know whether the next person you’ll save is your loved one. Save someone today with this information.   Thanks for reading….
    • Hi everyone, The latest Commitments of Traders review is out. Platinum COT Change (52W) / C - 18%, LS – 20% / FTG Score / D -7.4, W -19.4, M -16.1 / The larger than average change in Large Specs and Commercials positions, together with the negative reading from FTG suggest we could see some weakness from platinum in the coming days… Bitcoin (CME) COT Extreme / LS – All Time COT extreme / FTG Score / D 25.0, W 60.3, M 24.5 / We do not have such a history of cot data to be certain that we have cot signal that we can act upon, nevertheless it is interesting to see Large specs continuing to increase their net short positions, seeing Commercials net short and only Small specs taking the long side of the market. The all time extreme signal in LS would be generally considered a bullish signal, small spec net long a bearish FTG scores, especially the weekly show significant support for further rally in the market. Canadian Dollar COT Extreme / C - 72, LS – 68 report COT extreme / FTG Score / D 37.5, W -26.2, M -25.7 / In the past few weeks we have witnessed traders changing their positions towards a more bearish situation. The example from May 2017 to October the same year suggests that we could see this trend continuing for some time before the market dips back down. Daily FTG scores seem to back this, although the weekly and monthly already expect changes happening to the CAD. All the best,  Dunstan COT Charts FOREX Trading Futures Trading
    • Bitcoin Price Prediction: Long-term (BTC) Value Forecast – July 20   BTC/USD Long-term Trend: Ranging Resistance  $10,500, $11,000, $11,500 Support levels: $10,000, $9,500, $9,000   The BTC/USD pair had been trading in the bearish trend zone after facing resistance at the $13,000 overhead resistance level. On July 10, the BTC price reached a high of $13,000 but was resisted. The bears broke the 12-day EMA and the 26-day EMA as the price fell to the bearish trend zone. In the previous resistances, the price fell within the bullish trend zone. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $13,000 resistance level.   On the other hand, if the bulls fail to break above the EMAs.  the crypto's price  will commence a range bound move below the EMAs,Meanwhile, the MACD line, and the signal line are above the zero line which indicates a buy signal.     The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research   Source:  https://bitcoinexchangeguide.com
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