a few questions about London close strategy

I'd like to beg your forgiveness but I, sir, will reply whenever I damn well feel like it with whatever information I feel like replying with. I'm not really concerned about your interests and I agree this is business but when you attack a person I know, yes sir, you made it personal.

Struck a raw nerve apparently.

Shirley Hudson may " BOAST ON" and I and others will call her out for not providing verifiable proof and possibly manipulating information to sell programs.

When provided, the truth will set her free one way or the other.

Any proof on your claims of profitability? Sure hope at least 25 or 30 of her students have the stats to prove their consistent profits over time so she's at least making 2 or 3% success rate.

Any trader who brags about their stats without putting up objective evidence should and will be challenged and disbelieved. As they should.


There's another thread on FF limitied to EuroYen pair with a smart rule: Bragging is limited to EJ trading only and must provide proofs.'

simit just posted another video with his experience with the system: http://www.informedtrades.com/778521...tml#post890661

if it quacks like a duck then........???? its shame you cant call it duck unless you are in the business of skinning newbs.

You can listen to his final comments on the link provided.

Bottom line, he quit before month 2 was completed.

It was "not for him".

At one point he says he could have traded it a year and gotten maybe 0% return, maybe more . . .

Fail.

Simit Patel, Founder of Informed Trades has info on this strategy and traded it for about 2 months.

The first month he took 8 trades, 5 wins (60%) and return of "about 1%/mo". Keep in mind Simit is an experienced trader, no noob. He discontinued trading the strategy as it was "not for him" but you can hear his discussion of his experience here: :

http://www.informedtrades.com/778521...tml#post890661

Simit tried the strategy based on Shirley Hudson's CLAIMS of 90% + win rate ( no proof but self made spread sheet ).

Right.

Thanks everyone, you saved me from another session of dollars down the dunny. I can't understand or it makes the eyebrow raise when I see someone touting they're able to "consistently" (operative word here) make 90% plus and then sell the method for a few dollars on the public web. Why why why on earth haven't the "whales", the fund managers, thrown a bucketload of coin at the creator if it's so successful. From my knowledge they "hunt" for these people, get them to prove their method then splash money on them like there's no tomorrow and keep the system for themselves until the next punter is found. Don't get me wrong (please) I'm NOT saying the system doesn't work I just don't understand why you'd bother selling it on the web for pennies when a small marketing campaign to the "whales" would nett you literally millions. There's the eyebrow raising!!

In all the time I've been trading forex I've come to the conclusion that anyone that is making serious money trading forex would never be seen on a public forum or private for that matter, they just would NOT need it (In My Opinion). Maybe I'd want to help people myself AFTER I'm financially secure

I've been trying to make a living trading forex for years now and the best method I've found after spending enough money to pay for about 3 degrees is the absolute simplest method of reading candlesticks e.g. bullish engulfings, haramis, inverted hammers and hanging men etc, with a single MA and stochastics for overbought & oversold, on either a 4hr or daily Timeframe, that's it, the whole box n dice ! Now if I could just get it so I'm one of the 1% that actually make good coin doing this then I'd be a happy camper.
Everytime I start to read about a new system I head straight to FF because someone here has already done the homework for me, thanks again everyone I am very grateful.
Now, how to find one of those 1% er's that would be willing to spend time with me without having me sign over the house (which the bank owns anyway) and doesn't require the intelligence of a MENSA member to "get it"!!
anavagoodchristmas
Tim

There are successful traders who do want to "give back".

Advertising such as used by Shirley Hudson is a dead giveaway of someone that wants YOUR money. They lead with their ego. They talk alot, prove little.

The bolder and more ridiculous the "claims" are, the more obvious their motives become.

Very successful traders don't need your money.

They train small #'s of people so they can truly help.

Most work with their students daily and in REAL time so their students can see them take their trades.

Mentoring is hard work and takes away from one's own time and focus. That's why there are so few "real" ones available.

If you are attracted to the flash and sizzle, learn to walk away. The real talent is quiet.

Happy New Year to all!

I traded this method 4 days this week. Today is a consolidation day and does not look like any of the 10 pairs I'm watching will hit ADR. During this period I've had 10 winners, 2 Losers. I've netted 96.5 pips for 3.5% account growth.

This is true but sometimes I think good traders do offer courses for money because it diversifies their income.