OzFx System :) 100-800 Pips Per Trade

[cadarkitek]

Originally Posted by m1234

your right

i will post my system
and for 50 or so posts i will say
i want to give back people.


or exact quotes

What’s In For Me?
It is time for me to Give Back. I learned a great deal from forums and thought there can’t be another way to share something that can make
us all a lot of money. Plus I hope to learn from others on how to improve this system.

Will post my system in the next couple days and will pretend to be good for
about 100 or so posts
so i can later put my advertising link

i will of course go under a different name
then i have a feeling

cardarkitek


will be my best customer after i start charging after my 50 or so posts shwing my pip results

muhhaaaaaa muhhaaaaaaaaaaaaaaaaaaaaaaaa muhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

I never nor wouldn't purchase a system. Wheres the work/fun in that. Lacking knowledge of the market will beat any "great" system. Thats why some wont survive if not spoon fed.

[m1234]

Originally Posted by mytwopips

Yeah, some of you guys need to chill out. OZ has given away a proven millions worth for free. What have you done for him?

wow

you are obviously not a full time trader if you think his pip size means anything

Millions worth for free

ugh no

do you know how to trade?

ok

lets analyze his system
lets say 3 signals he gives
100 pip stop loss at 5 lots per signal is his style

Ex $5000 account
lets say $1 a lot
total of 15 lots. (5 lots per signal)

First lets take off the margin deposit
200/1 ratio average at $50 a lot for 15 lots total (5 lots per signal) = $750

so you then take that off $5000 and you have in reality $4250 with margin deposit subtracted to play with

Then with a hundred pip stop loss you have to put aside at 15 lots $1500

You would either need a bigger account to do this or just risk it
risking 30 percent of your account.

what happens at about 2 days worth of losses?
what happens when he gives 5 - 6 signals?


the reason picked $5000 for example is because people here are newbies.

I really dont think they have huge accounts


Look at risk to reward ratio

His pips dont mean anything


I FORGOT ONE IMPORTANT THING HERE
IN THIS CASE SCENERIO I SAID YOU HAVE $4250 TO PLAY WITH AFTER MARGIN

I FORGOT TO SUBTRACT $250 FOR SIGNAL SERVICE FEES HE IS CLAIMING

[cadarkitek]

I post this earlier. "Also I think his system is not fit for small accounts. So beginners with small capital stay away. My $0.02s."
Anyway enough about OZ.

[mytwopips]

Originally Posted by m1234

you are obviously not a full time trader if you think his pip size means anything

Dude, I don't swing that way. I don't need to be a full time trader to know if it is right or wrong to worry about another man's pip size. I am comfortable with mine.

[Sweet Pip]

Good one MTP

...or ... "it's not the size that counts, but how well it's used"...

[brendonvdh]

Oz misled us all

He used his "free signals" and "giving back" to hide his true intention to get the free forum's to advertise his signals which he ultimaltely intended selling

The way the pip profits are calculated is also misleading and boosted the perception of the success of his signals.

It is not a scam but it is underhanded IMO

[Sweet Pip]

If he misled you, then you let him. You can think whatever his true intention is/was you want to think, but the system as it is was given for free...demo it, track your own success with it, and don't be led blindly...

Many members have their website/blog linked up and if you go to them, many have all sorts of advertising all over them...namely Google Adsense...it's the way it is..."multiple streams of income". So Build a bridge and get over it!

(Seems like too many babypippers got their soother taken away )

[texx1234]

I say we all keep on using his system and at 6pm est on trading days(or as close to) we all list are possible trades and discuss from there.We as a community can work and learn together using the OZFX system because from my experience it does work. Just a thought

[tonymand]

I have posted before challenging the way the profitability is calculated. That aside the system is what it is and was given for free, as far as I can see end of story

However when someone talks of giving back (noble sentiments indeed) and then develops a proprietary signals service way more expensive than the education systems run by industry veterans like Jimmy Young I do ask myself why. At the very least if he needs the money then that runs in the face of his claims to be a successful trader with a proven system

Clearly what most people are expressing in their various ways are their disappointment. Thats fine but dont let that cloud your judgement. If this approach does work for you then carry on developing it and make it yours

[bnbb2004]

Originally Posted by texx1234

I say we all keep on using his system and at 6pm est on trading days(or as close to) we all list are possible trades and discuss from there.We as a community can work and learn together using the OZFX system because from my experience it does work. Just a thought

I think that's a great idea...Let's give it a go!!