Jason Stapleton is no more?! | Forex Factory

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Jason Stapleton is no more?!

  • #1
  • First Post: Mar 27, 2016 5:57am Mar 27, 2016 5:57am
Scott Carney - the creator of harmonic trading, who also discovered the pattenrs we all love such as Bat, Shark ect, is suing Jason`s ass for, well, being an ass. This is going to be fun.

https://harmonictraitors.wordpress.c...iphon-pattern/
  • #2
  • Mar 27, 2016 6:53am Mar 27, 2016 6:53am
Go Carney!
apparently plagiarizer made 7million dollars selling seminars books plagiarizing SC materials.If true he deserves what's coming.
I always appreciate that Scott Carney has free PDF on his site to download which covers basics of harmonic trading and is substantial material for free!
That is generous.Most traders are unaware of 78.6Fib this was discovered by SC.I have been using this fib successfully and built in on my pivot indi which was improved by Griffinsoul
In trading, you have to be defensive and aggressive at the same time
  • #3
  • Mar 27, 2016 7:34am Mar 27, 2016 7:34am
Hmm this seems very unusual. I've always had a lot of respect for Jason Stapleton. This seems very unlike him. Reading that text to seems he was unaware that Carney was even trying to contact him.

If he selling someones system as his own and making money from it then yes there's grounds to sue there. Would really surprise me though if he was knowingly doing this.

However he doesn't just teach the patterns, there's a lot more to what he does when trying to help people. Trading plans, psychology, money management etc.
  • #4
  • Mar 27, 2016 8:09am Mar 27, 2016 8:09am
Looks like it's the end of the road for Jason BOOKS Stapleton
Live life king size !
  • #5
  • Mar 27, 2016 8:41am Mar 27, 2016 8:41am
Quoting Davit
apparently plagiarizer made 7million dollars selling seminars books plagiarizing SC materials.
holly smokes apparently we are in the wrong side of business.
  • #6
  • Mar 27, 2016 8:42am Mar 27, 2016 8:42am
Surprise, surprise, surprise....
Even though I don't like Jason either, the idea of having copyright of harmonic patterns sounds funny to me. Does Wilder have copyright of ADX and RSI, and people aren't allowed to modify or change the code or usage of those indicators? If so, Wilder should sue MetatQutes as MT4's ADX is crap. Does Steve Nison have exclusive right of Japanese candle stick patterns?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #7
  • Mar 27, 2016 11:01am Mar 27, 2016 11:01am
"you're a great marketer John"

THAT says it all. Many people use trading as just a product to sell to make money. If trading was made illegal tomorrow these same people would set up shop the following day using the same tactics but with a different product, perhaps property investment or weight loss strategies etc. All you need is a product where's there's good demand but there must also be a good hook. With trading the hook is the potential to make big money (plus trade from home! Spend more time with your loved ones! Be your own boss! Quit the rat race and so on) and with weight loss it's to look better, wear slick clothes and/or bang hot chicks (or men if you're a women or gay) etc.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #8
  • Mar 27, 2016 2:04pm Mar 27, 2016 2:04pm
Quoting Davit
Go Carney! apparently plagiarizer made 7million dollars selling seminars books plagiarizing SC materials.If true he deserves what's coming. I always appreciate that Scott Carney has free PDF on his site to download which covers basics of harmonic trading and is substantial material for free! That is generous.Most traders are unaware of 78.6Fib this was discovered by SC.I have been using this fib successfully and built in on my pivot indi which was improved by Griffinsoul
Apparently, this is the only way (selling shovels to the gold diggers) to make money in the forex
I wonder when Greg Secker will be caught (:
  • #9
  • Mar 27, 2016 2:35pm Mar 27, 2016 2:35pm
Jason puts value on his videos by explaining word by word, with many examples what Scott Carney books say and other many things. I don't think he is a scammer, he will give you a correct vision of forex trading principles, and will teach you some systems that with a tweak can be profitable.

I would either look at the morality of asking him 7 million dollars for using a book written with the ass that is free on the internet.
Live and Keep Calm
  • #10
  • Edited 11:31pm Mar 27, 2016 2:51pm | Edited 11:31pm
Quoting troneras
Jason puts value on his videos by explaining word by word, with many examples what Scott Carney books say and other many things. I don't think he is a scammer, he will give you a correct vision of forex trading principles, and will teach you some systems that with a tweak can be profitable. I would either look at the morality of asking him 7 million dollars for using a book written with the ass that is free on the internet.

I think what is morally reprehensible here has more to do with making millions selling advice and training while absolutely no one following the methodology are making any money using said methodology.
  • #11
  • Edited 3:38pm Mar 27, 2016 3:09pm | Edited 3:38pm
I am sure there are generous people out there, even in the forex trading business, yet, let me ask you a question:

why would a profitable trader make money on teaching, courses, books, ext. instead of trading?

if she/he is that good, instead of teaching the crowd (which is build of idiots, mostly - they will still lose their money, even they were educated by the best systems/traders - i know it from a really big broker), why would not just trade well, make a shitload of money and spend her/his time enjoying life or whatever? am i missing something?

p.s. I have heard that those who can - trade, those who cannot - teach!
Maadik Hugiis. IQ 69.
  • #12
  • Mar 27, 2016 3:51pm Mar 27, 2016 3:51pm
Quoting MoneyZilla
I am sure there are generous people out there, even in the forex trading business, yet, let me ask you a question: why would a profitable trader make money on teaching, courses, books, ext. instead of trading? if she/he is that good, instead of teaching the crowd (which is build of idiots, mostly - they will still lose their money, even they were educated by the best systems/traders - i know it from a really big broker), why would not just trade well, make a shitload of money and spend her/his time enjoying life or whatever? am i missing something?...
I like to be on camera - Steven Story <hahaha
  • #13
  • Mar 27, 2016 5:30pm Mar 27, 2016 5:30pm
Jason who?

lol

noobs
  • #14
  • Mar 27, 2016 6:52pm Mar 27, 2016 6:52pm
Quoting The-Flipper
Jason who?
Isn't he the guy in the Transporter movies?
  • #15
  • Mar 28, 2016 2:58am Mar 28, 2016 2:58am
Quoting hanover
{quote} Isn't he the guy in the Transporter movies?
Funny you mention that Hanover. That's EXACTLY what goes through my head whenever I see his name.

Lux
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MT4 EA, Indicator and Alert Coder Since 2006
  • #16
  • Mar 28, 2016 4:40am Mar 28, 2016 4:40am
Quoting luxinterior
That's EXACTLY what goes through my head whenever I see his name.
Lux,

LOL. To be honest, I hadn't heard of Stapleton or Carney. I have a friend who trades harmonic patterns and the only names I've heard him mention are Sive Morten and Larry Pesavento. When it comes to vendors, I'm happy to remain an ignorant noob.

Looks like the process now is: if you can't trade, teach. And if you can't teach, invent some terms and copyright them, then sue anybody who plagiarizes you. Clearly there are plenty of ways to make money from forex.
Quoting Mingary
I think what is morally reprehensible here......
Ming,

I have to wonder if there is any morality at all, in a game where the only way to profit is at the expense of others. Whether you're battling unscrupulous vendors, unscrupulous br0kers, or unscrupulous manipulators, you pay your money, and take your chances the best way that you know how.

David
  • #17
  • Mar 28, 2016 5:33am Mar 28, 2016 5:33am
Finally his ass is taken down.
Good to hear that he is being sued and hope he loses everything as he sold worthless products for big bucks.
His grand project "Constelation" was sold for 2000$ a piece and there were hundreds of preorders even before the project was ready for launch. After 30 days most of the traders stopped using it because they were loosing money with it, the forum got clogged and they started blocking people, people who spent 2k$ on something that was not working. They edited the entire thread and deleted all messages that were showing how bad this product was.
I was subscribed to their live room for 3 months and while taking part to Akil Stokes rooms i was copying on a demo every trade that was posted in war room to have an ideea of how much what they are selling is worth. At the end of the month i had my numbers and they weren't even close to what they posted for that month.
Next meeting i tried to talk to Akil about the results for the past month and he said that Jason does not post all his trades in war room. Well you are selling signals that give a bad monthly return but than come and say you had a small growth because of some trades that you don't teach or share so your system is worth 0.
It takes time to master these trades was what we heard there over and over but when you copy trade by trade and your results are negative while his are positive it's fake advertising and lie to get more bucks.
I unsubscribed the same day since it was a paid service.
  • #18
  • Mar 28, 2016 6:59am Mar 28, 2016 6:59am
Quoting Matraguna
Finally his ass is taken down. Good to hear that he is being sued and hope he loses everything as he sold worthless products for big bucks. His grand project "Constelation" was sold for 2000$ a piece and there were hundreds of preorders even before the project was ready for launch. After 30 days most of the traders stopped using it because they were loosing money with it, the forum got clogged and they started blocking people, people who spent 2k$ on something that was not working. They edited the entire thread and deleted all messages that were...
Interesting, thanks for sharing.
Long time ago I watched some videos on youtube from both Jason and Akil.
While I think Akil is a honest guy, what immediately caught my attention was the pervasive and pressuring marketing trip Jason was on.
I asked myself at that time, why put all that energy in marketing when you can make money trading. Sure there are good traders who also teach but most of them don't give "free" marketing events and all that B.S. talk to hook you up.
Another interesting thing that speaks about their performance is that both claim, a trader should expect to make 3% a month and have at least 100k account for live trading (the only source for income). They may be right about the fact hat many traders are undercapitalized to trade full time, but making only 3% a month? So if you risk 2% of your account on each trade you make 1.5R after 20 days of trading? What a great performance.
the 3rd wave is the crowd's wave
  • #19
  • Mar 28, 2016 10:53am Mar 28, 2016 10:53am
Ok here is my two cents on the subject. I came across with js on youtube when i was getting into elliott waves and different fibonacci approaches. It was too obvious that he was a good talker, so i doubted that he was anyway near as good of a trader. a natural marketer, but too obvious. I moved on until the internet was hit by the infamous "cypher pattern". However, sometime later i noticed that he was using 77% of BC leg as D projection - and that was wrong, cuz the ratio presented by his team was 77% of XC, which was an honest mistake i thought, until he insisted that i must be mistaken - when i confronted him about it. Later he surfaced again with "consolation" - clearly useless tool overpriced piece of junk unless you know how to trade in the first place.

All in all, i think this guys are just good salesmen who sell the knowledge that is freely available on the net anyhow, and the price tag they put on their "mentor ship" is plain ridiculous. It would be less scummy if they actually knew how to trade. Well im sure after this they will just move on and find something else to sell.
  • #20
  • Mar 28, 2016 11:01am Mar 28, 2016 11:01am
Quoting juriFX
{quote} Interesting, thanks for sharing. Long time ago I watched some videos on youtube from both Jason and Akil. While I think Akil is a honest guy, what immediately caught my attention was the pervasive and pressuring marketing trip Jason was on. I asked myself at that time, why put all that energy in marketing when you can make money trading. Sure there are good traders who also teach but most of them don't give "free" marketing events and all that B.S. talk to hook you up. Another interesting thing that speaks about their performance is that...

oh i didnt know who akil was until mentioned him. i agree, that he looks and sounds like on of the wise friends in hollywood movies that you know is going to die in the first 20 minutes, while jason looks and sounds like someone who would go out of his way to sell a headset to a deaf person.
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