Bored ... but still posting
I was amazed to see this thread is still getting oxygen - it has a 5 star rating, yet we still have people exercising their democratic rights to freedom of speech, who were exercising those rights quite a tiresome length of time back now!
Unfortunately, they are still not happy that their many posts here have been unable to carry the message that they want - they are not only still repeating their negative message, they are also coming up with more reasons that NF is such a bad lad!
If it's not that he's a fake, it's his disclaimer ... or he never trades his calls ... or his disclaimer is his "out" ... or his members are not here 5,500-strong jostling to place their posts in support, or ... what are we going to see next?
Australian law requires that I place a disclaimer on my blog - if I am discussing financial instruments and trading. So I do. Does that make my free service a scam? If some of my calls have been wrong, does that make me a fake?
When someone succeeds in telling the markets what it should do, then there will be no markets left to trade.
If NF method was correct EVERY time, he would not have 5,500 members, he would 5.5 million! He teaches setups and probability, sound money management etc etc. If the method was fail-proof - as some seem to be lamenting that they are not - then there would be no need for money management.
If you are attempting to trade the EURUSD - despite the setups - then you are obviously a thrill-seeker today. Draghi or Bernanke can stand outside their front doors tomorrow and piss all over your charts with just one sentence from their lips!
That's the reality, and that's why we have stops, money management and disgruntled traders! We live in very uncertain times.
Look at the BOJ or SNB intervention over the past year ... how do you see that rubbish coming, technically, unless you know the levels at which intervention is likely? You don't - you just trade with your money management insitu. It is not a failure of NF strategy if setups fail. I didn't say they fail because of intervention by central banks - that was an example of one of thousands of things that upset TA setups.
LTTTTM forum is designed to teach ... to teach new traders and old ... how to handle the things that happen - fake breaks, failed trades ... your money ... and so on.
Personally, I don't see what is the problem - many people love NF - I do - and a minority have the knives out for him. So they post whatever they can wherever they can, as often as they can, in order to "expose him" or bust.
It's all about getting the probabilities on your side, and NF strategy does that very well - end of story.
On another note ... if the British forums are bully-free, then Trade2Win is not a British forum. The mentality on that forum 6 months ago was nothing less than a pack-herd getting their jollies from savaging newbies. It might have changed, but that was my experience during an attempt to develop a thread there last year.
I decided to give it a miss for that reason. The British idea of what bullying is and isn't, is odd. And that is the precise reason LTTTTM is so well moderated - to screen out the thugs who are not trading, but getting off on needling and belittling. I hope T2W has been cleaned up a bit by now.
I was not going to comment again - and I did - but I guess you will never turn a Roman into a Greek, so will leave you to it. I have better things to do in the next 6 moths - will come back then to see what you are still saying then.
Good points Pharaoh.
I was amazed to see this thread is still getting oxygen - it has a 5 star rating, yet we still have people exercising their democratic rights to freedom of speech, who were exercising those rights quite a tiresome length of time back now!
Unfortunately, they are still not happy that their many posts here have been unable to carry the message that they want - they are not only still repeating their negative message, they are also coming up with more reasons that NF is such a bad lad!
If it's not that he's a fake, it's his disclaimer ... or he never trades his calls ... or his disclaimer is his "out" ... or his members are not here 5,500-strong jostling to place their posts in support, or ... what are we going to see next?
Australian law requires that I place a disclaimer on my blog - if I am discussing financial instruments and trading. So I do. Does that make my free service a scam? If some of my calls have been wrong, does that make me a fake?
When someone succeeds in telling the markets what it should do, then there will be no markets left to trade.
If NF method was correct EVERY time, he would not have 5,500 members, he would 5.5 million! He teaches setups and probability, sound money management etc etc. If the method was fail-proof - as some seem to be lamenting that they are not - then there would be no need for money management.
If you are attempting to trade the EURUSD - despite the setups - then you are obviously a thrill-seeker today. Draghi or Bernanke can stand outside their front doors tomorrow and piss all over your charts with just one sentence from their lips!
That's the reality, and that's why we have stops, money management and disgruntled traders! We live in very uncertain times.
Look at the BOJ or SNB intervention over the past year ... how do you see that rubbish coming, technically, unless you know the levels at which intervention is likely? You don't - you just trade with your money management insitu. It is not a failure of NF strategy if setups fail. I didn't say they fail because of intervention by central banks - that was an example of one of thousands of things that upset TA setups.
LTTTTM forum is designed to teach ... to teach new traders and old ... how to handle the things that happen - fake breaks, failed trades ... your money ... and so on.
Personally, I don't see what is the problem - many people love NF - I do - and a minority have the knives out for him. So they post whatever they can wherever they can, as often as they can, in order to "expose him" or bust.
It's all about getting the probabilities on your side, and NF strategy does that very well - end of story.
On another note ... if the British forums are bully-free, then Trade2Win is not a British forum. The mentality on that forum 6 months ago was nothing less than a pack-herd getting their jollies from savaging newbies. It might have changed, but that was my experience during an attempt to develop a thread there last year.
I decided to give it a miss for that reason. The British idea of what bullying is and isn't, is odd. And that is the precise reason LTTTTM is so well moderated - to screen out the thugs who are not trading, but getting off on needling and belittling. I hope T2W has been cleaned up a bit by now.
I was not going to comment again - and I did - but I guess you will never turn a Roman into a Greek, so will leave you to it. I have better things to do in the next 6 moths - will come back then to see what you are still saying then.
