Fraudulent claims warning on Shirley Hudson's LCT!!! She boasts and brags of big results and posts only a self made spreadsheet, refusing any and all requests for verifiable proof like broker statements/audit or even trading thru software that would make her results transparent.
Please take the time to check out the other Shirley Hudson comments made on FF thru a search.
You might also watch the followup video Simit Patel did on his own trading of Shirley Hudson's LCT which ended in him dropping the trading strategy after less than 2 months with very weak results. Here is his video: http://www.youtube.com/watch?v=JNPtKE7p86U&feature=em-
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Joined Jul 2012
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Status: Liquidity Sniper
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My friend
Thats right, InformedTrades.com did their analysis but their dropping the strategy does not mean they labelled it a Spam
infact if you carefully analyseinformedtrades.com three month analysis, you will find that he does praise her once, besides in his own words he said
1. "The strategy claims a 90% win but i dont have the time and expertise to produce the results she claims, but i think she is honest"
2. "With LCT you need to spend a couple of hours closely monitoring 15min charts which maybe i havent been doing properly"
3. "I have produced 1% a month, but did not give it the time"
4. "Shirley Hudson did not invent this strategy, there were people before her who came up with this"
We cant judge without clear examination, his last statement i quoted shows that this strategy is out there, even if there was ala fker out there we cant refute acstrategy based on an individual's action
Should Shirley Hudson provide evidence that is verifiable of her stats then I would applaud her..
She does not despite many requests.
This course has been sold to over 1000 traders who believed her.
I would like to hear from all the consistently profitable (6mo or longer) LCT traders.
Shirley Hudson seems to be proficient at skinning naive struggling traders.
That's all I've seen to date.
No proof of her stats, and only a very few of the 1000+ students ( are there even 10? .01?) seems to have even the modest modicum of succes Simit did . . . which he did not find worthy of continuing the strategy.
I have noticed a lot of people making noise about the London close strategy. Does it work does it not???
The problem is people are buying a trading strategy like this one or the hundreds of others out there, and trying to implement the parameters as instructed by the "creator". How can this possibly work? You are not Shirley Hudson, so how could you possibly trade her strategy like she does. How do you know which ones she passes on and which ones she takes.? Even if there are a certain set of parameters are present, this is a discretionary game. How do you perceive the market at that particular moment in time, what weight do you give certain fundamental influences? do you have a 3 month outlook or a week long outlook? are you taking into consideration other fundamentals being priced in? is she when taking the trade?
Becoming an Independent Thinker
I trade a trade a London close strategy myself, but it's not the same as Shirley's. I "get it" and I'm consistently profitable (although 95% accuracy is a little far fetched!!!!)..... because A. I understand WHY it works, and B. I developed my own version of it based on back and forward testing it and refining it to suit ME. I did not learn this from her or I have never purchased her course. the LC is a counter trend scalp based on a concept. Do you know this concept? have you back tested it?
Trading Forex is a very personal thing and finding your grove, your thing that allows you to extract consistent money out of the market can be a difficult thing to find. Copying someone else's strategy is not the answer. Working with your own strengths and weaknesses to find that small space in the market that suits you and that you can exploit consistently is key. All you need in this market is the equivalent to a blade of grass on a football field. that tiny pattern that sets up and you and play well and that is profitable over a long string of trades.
Example: when I first started trading Forex many years ago, I was a 'swing' trader. Trading daily and 4h setups. I later discovered that I'm a fairly a impatient person and someone who seeks instant gratification (banking profits) for won trades. When I was able to look within myself and changed my style to a scalping method my trading began to improve out of sight. work WITH your strengths and weaknesses.
ooops sorry for the rant guys, but lots of people seem to focus on the wrong things when it comes to profiting in the forex market :-)
but yes the London close is worth pursuing IF IT SUITS YOUR PERSONAL PSYCHOLOGICAL MAKEUP and you have made it YOUR trade by backtesting it, internalizing the results and tweaking it to work for you.
Well folks, THIS IS SHIRLEY HUDSON...the trade strategy is very real, and works, and my trades are real, you can check it out at Forexmentor.com. Say what you like, but I do not appreciate someone trying to GIVE the system away, when it is a copyrighted product for sale, by Forexmentor.com I don't spend time in these forums. I spend my time trading. My best to you honest people who do have the moral fiber to pay for intellectual material, and not try to scam others. Good luck to all of you in your trading,
Shirley Hudson
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.
