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

Quoting AlexFX

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I wanted to post this in the room on Friday;

"
Jason,

Now that my subscription has come to an end I feel that I should address you Jason.

I have been in business many years, maybe too many years but one thing is certain, I know how business works on a macro and micro level, worldwide.

I have sat in the backround watching the whole pipsnipers process roll out. As a customer I can tell you that I'm not impressed with you and the so called service you provide. I think it's criminal that you charge honest,trusting and enthusiastic people from around the world for what I can only describe as another "Forex Scam".

Let me ask you a question Jason, would you be happy if you paid $325/month for a product or service which has no guarantee or refund policy that at no time has come close to providing the said service and is failing miserably.

Given this I will not allow myself to be subjected to another minute in your room listening to what amounts to utter tripe and my hope is that people will open their eyes to your scam.

alex"


My 2% for what its worth...

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Quoting Bridge

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Don't say this those people have all been scammed because of his abbility to persuade people to beleive in him and I feel very sad for them cause I've came close to suscribe to a yearly subsciption... just put yourself in this position you suscribe for a year and now you don't know what to be

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Quoting pippers

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trading room has been open all day guys and no mods or jason until tomorrow night. and he hasn't shut down the chat yet!

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Quoting lazytrader

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The ironic thing is that if this was the case throughout last month the things probably wouldn't get to this stage. People could ask questions, voice their concerns, clear the air, etc. There would be no need for this board with all the negative publicity and so on. Poor Jason, he reaally killed the "Golden Goose" with his paranoia and nazi tactics.

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Quoting moneymagnet

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i will say thiss. To all looking for a quick way to earn money at this fx career plz learn how to trade and only use signal services to enhance your trading. learn how to trade and you wont have to "watch charts", you can make your own calls

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Quoting lazytrader

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He Who Sows the Wind, Reaps the Storm

The leverage as most people should know is a double edged sword.
This certainly is the case in trading and it also applies
to the internet. Jason has benefitted from the incredible leverage offered by the internet by
spamming Auslanco's thread for months and poaching his followers. He has been sucking up to A repeatedly in
his posts hoping to get him into a partnership(Jason admitted that recently).
My hat is off to Auslanco for ignoring those weasely advances.
Hakuna Matata also had his "five minutes" thanks to Auslanco and has been riding his coattails ever since without offering
even a fraction of the value that A has. He never revealed his strategy and he has been feeding his ego by publishing his so called "pip stash".
Since we now know how HM is really counting his pips (the actual chart pips X 0.5 or X 2 or maybe X 7) how credible is that?
A pip is a pip is a pip, no matter how big your account is or how many lots you are trading. This is Forex 101 people.
Speaking of basics, Jason REPEATEDLY has talked about GBP/JPY pip value being $0.85 (Kinn also said that several times). For your information, you EXPERTS,
the PJ's pip value has been hoovering around $1.00 mark for quite a while now. How can you talk about your so called Money Management if you don't even know the value of the pips
you are making (or losing as has been the case lately).
By writing on this thread I'm trying to come to terms with my own gullibility as well as my fellow subscribers.
Please stop for a minute and think what transpired here over the past few months. Several hundred people send hundreds (some unfortunates sent thousands) of their hard earned dollars
to a so called business without having a physical address, phone number or knowing the proprietors names. We all remember the frenzy that took place
in late February with people rushing to sign up before various deadlines imposed by Jason. As we have learned by now he is a very skilled salesman and creating a sense of urgency
and "Take Away Close" is one of the basic sales strategy. This was after almost two months of Jason's sales spiel with visions of riches afforded by forex trading with compounding tables
showing thousands of percent annual returns and spinning the visions of cruises,fast cars, diamonds, etc., a classic enticement in other words.
For all it's worth, I personally do not think Jason designed it to be a scam in the first place and my dissatisfaction with the service has nothing to do with losing trades. I was taking my own trades, sometimes opposite to the ones being called and have done quite well in March.
My problem, almost from the start was both partners' (especially Jason's) arrogance, rudeness and complete lack of customer appreciation. The second thing was a lack of basic organization regarding the technology ( that has not changed, vide: "late" Jen's and Hosea's microphone problems),
scheduling, alerts and practically everything else. These people collected 200k plus in one month and cannot evn provide the basics. There are free services out there (i.e.ForexRazor) that give examples how it should be done.
Coming back to arrogance: I watched it growing during February as overenthusiastic chatters (fuelled by Jason's tales) talked about growing their accounts from 10K to 1 M in a year and about their willingness to pay 1k/mth or more in subscriptions.
As the money started pouring in at the end of February Jason's attitude got worse by the hour. The loot has probably exceeded his wildest expectations and really went to his head.
he started kicking out people right and left, talking about how he "doesn't need the money", etc. His regular shills and assorted bootlickers were chearing him on, with the talk about 'freeloaders" being gone soon and things REALLy being great in March.
Well, they sure did.
Finally, I think this experience will haunt Jason for the rest of his life. He might escape a jail term and he might even manage to hang on to most of his ill gotten gains but the feeling of regret,
the realization that his ego and stupidity killed a million dollar business will stay with him forever.

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Quoting timewilltell

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still never heard your side of story. u in with the scam or what. still couldn't figure out how "professional" traders were so easily moved by a few comments in the chat. i mean u say u couldn't "concentrate" because of the negative "vibes". i mean c'mon, i know this sounds crazy but TURN THE FREAKIN CHAT OFF THEN AND MAKE A TRADE! i mean even in your last trade call u basically prepared us for a loss in the speech you gave, obviously you were very afraid of being wrong. this is the same pipchick who rode longer timeframes for 100-200 pip moves on ff and now you are taking half off at +10 pips, geez pc. just would like to know your side thats all.

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Quoting lazytrader

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...in cases like this I usually say... "GREAT MINDS THINK ALIKE"

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