Forex Signals, to Follow or Not (Pipsnipers) ...

Hi Guys,

After the thread opened @ FF:

http://www.forexfactory.com/showthread.php?t=75630 (now closed)

and discussed only one FX signal, (14500 views in only 3 days) I would like to invite you all, to discuss the other FX signals, As by my opinion more than 70% of FF comunity follow those services.

I belieive, that all your comments will help to many new traders to understand when is the time to learn HOW to FISH but not to wait for some small SARDINAS.

ALSO I beleive that they can learn here a lot of things about FX business (where the money are, expencess, profit projections).

From the other hand I beleive that many of exerianced traders here in FF are already FX signal providers. Well this is going to help them how to improve and run their services.


GOD Bless You

Situation still remain the same:

1, No MODS, Or unexperianced MODS (Or how you are going to explain in london session, the new MOD locked up the chat, said that there is a potential trade, but he is not realy shore or maybe the members should try that on DEMO account! To pay $325 for DEMO acocount? Can someone wake me Up??)

2, a lot of traders who paid their subscriptions with top $325 dollars are still banned from the room, no explanation, no refund, no excuse....

3, very bad performance, just raising a question of his trading ability, (I mean does someone know anything about his past performaces?? Does he prove to anyone how long he is trading GY ??)

4, I felt a sorry for this guy, but on the end, the MATH is always here: 495 members x $325 for only one month... Guys he'll be just Fine...


I cannot see the Point

Hi,

I have been watching the drama that has been played on pipsnipers. I have not known Jason till he posted on Auslanco’s thread that he will be partners with Kinn.(which seems as a good plan to get to the traders who have known a good trader from ff) And then I decided to have a look at their performance since I have known Kinn as a good trader like most of us following ff. I have known him from the posts on ff . I have known him as a disciplined and strict trader therefore the room would be promising. On the other hand I have heard from the members that Jason was also a good teacher and a good trader therefore everything was “A” ok. I have signed on the first day of february and followed their trade calls. Have not taken any trades since it was a new experience for me or got out quickly by a few profit pips. As the time passed I got their calls pip by pip, I knew I could count on Kinn. What is more Jason was also doing fairly ok which later turned out he was lucky. The attitude and marketing that Jason has performed was a bit disturbing though. I thought that was understandable since this was a new business running. It was a first paid room experience for me in my 6 years of trading life – 3 years as a dealer at two of the national private banks treasuries and 2,5 years as a home office based trader. Things were working nice. I was following my conservative mm and running my experts and trading with my strategies as well as following pipsnipers trades. I had doubts about Jason being rude and dictatorial but as long as Kinn was there I was a member of the room. Last Sunday things turned ugly. The sole owner has booted Kinn. It was a business, things like that could always happen. But the way the business conducted and Jason fooling people that he is a good teacher and an honest, word of his man and the reasons behind the scenes made me very disappointed... Jason would be a good teacher for a newbie showing trends, moving averages but honestly he is not a better trader than the average trader on ff. He is surrounded by people who always pat his back and pray whenever they get into a trade. It is unbelivable taking a trade by flipping a coin and then praying to be profitable. People who asked a very simple question got booted out immediately, trade calls were immature, the chat was blocked, trades were taken without being called, etc. Some has very well explained on the other thread what has been done wrong therefore I will not get into these in detail. No matter what though I will be the first one signing Kinns room since he has once more proved me that he is the trader with being disciplined, organised and man of his word. He has never missed a single minute when he said he would be in the room unlike the other moderator had a nap or a massage or counted his cash at his piggy bank when he said he would be there watching the session....

Pipsnipers is a con.

I'll 2nd that.

PipSnipers is a CON.

During the London session on Monday, the "professional" moderator and trade caller, Jason, was about to enter a trade when he stopped and said, "Wait, there is breaking news. Bears Stearns is being bought and the Feds have made an emergency rate cut. Let's hold off on this trade." The paying customers in the chat room then informed him that that news was about 12 hours old. Later, he said, "let's wait because there is major news in 8 minutes." The paying customers quickly informed him that the news was, in fact, an hour and 8 minutes away. And I paid good money for that level of professionalism and preparedness prior to getting banned from the room for sending Jason an email criticizing the service I was receiving. STAY AWAY FROM PIPSNIPERS.

Kinn is a very Lucky GUY

Instead victim, Kinn is getting more and more.... LOL He should thanks a lot to JAY..

I mean Guys.. just do the MATH..

Good on you Mate...

i just checked out pipsnipers.com and boy it doesn't impress me at all. I really think whoever the person is, is just losing himself and making other poor traders lose. Look at his result for march oh pathetic.

Anyone notice that there "alerts" are just emails and the Scammers want us to pay for it!!!

What a waste,

Brilliant concept, excellent start,

Too much Greed, too much Ego, No Integrity...

What a waste, pot. 2-3mil/Year business just wasted....


What a waste...

so today another bit the dust. some guy questioned jason on the promises that were made. jason got angry and defensive and threatened him. all the guy said was that there was alot of hype and that we would be making loads of pips. jason denied it and said that was the 4th time he questioned him on it so he was permanently banned from the room

He took london off so i don't think anyone was there to trade. i feel sorry for those that stuck around waiting for a trade. there were no mods.

He needs to get his ego in check. he bragged and bragged about all the trades we'd get in march since the professional traders are gone for jan and feb and march is when we'd be making the pips. of course now he denies that and we all have bad trading days and months.

this guy is pathetic. i suspect that he's a crappy trader and relies on his mods for technical guidance. i think the mods should log out when they aren't trading so no one can fault them for jason's crappy trading ability.

felt sorry for those who joined ps , actually for anyone joining any subscription services , was wondering wers hakuna now though ? he was a nice chap ... and btw if u r used to taking 20-30 pips a day , one big 100 pips loss will affect ur trading mind , u ll try makin it back n take riskier trades n would lose more n more ... so it will not be surprising if he is having a negative outcome for a long time till he clears his mind ....

Sorry everyone, we cannot allow Pipsnipers to be discussed in the main forums as this acts indirectly to promote the service. It looks like this thread will be focused on Pipsnipers so it has to go to the Recycle Bin. Maybe you should re-open the other thread? We are not trying to stop anyone from discussing this issue it's just that the main forums are not the place for it. I hope you can understand.

just wanted to add something positive ... try the guys at ---- edited --- sarch for yourself-.-- please-.---
For first thing.. they dont charge you, they are payed form the commision you pay to your broker anyway, so no pressure on you to earn your subscription back or anything. You can leave any time and you dont lose a cent.
The trading style they do might not be for everybody.-- its news and its so fast that I cant do it.. but there is also a GY breakout and that is very convenient and seems to work, they have some history on their page and I would say its pretty straigt and true.

As far as this thing does not cost you anything, I really would say its worth to try :-)

edit-- well not know if this is has any information value after all :-)

The Idea is to discuss any of FX signal services.. not only PS...

The Fact is that 500 members mainly from your, FF origin, are with this service, and I beleive maybe 70% of all FF members are joined with other services as well..

Yes I agree, now is popular PS as a topic, but keep in mind that tomorrow someone else is going to take advantage of your present and future members... Keep it OPEN TWEE

No one promote anything here !!

Hi Piters! I understand your point, and believe me all of us on the FF team are very upset that our members have been scammed by this signal service. We believe that all signal services are a scam and this is why we don't allow them to advertise or be discussed here at the Factory. We are doing everything we can do to reverse the damage done by this scam, and keeping the discussions out of the "public eye" is something we feel is best. I understand that you may disagree but please remember that we are on the same side here and we both have the same intentions of stopping more innocent people from getting scammed.

The trade tracker link has been removed from the front page. lol It's still cached in google though.

we have recycle bin in FF !? damn cool !

Different views, same team, same intention...


I agree... NP Twee..


P.S.consider maybe Members Lounge location?


My intention was to discuss the nessesity of that's signal services.. If you know better way OK, I am with YOU

Hi, I signed into PipSnipers an hour ago and no one is posting and nothing is happening. I am new to Forex and trusted (blindly) this service. Can someone please update me on what is going on. The only thing I see is a message on the bottom saying 'Sorry Guys, I Can't Believe This Crap!"

Is the service cancelled or something, what happened?