The Golden Key

[Pianetti]

Is there a good reason though why that one is still not verified? Just missed it perhaps?

is it important? this system is a complete failure.

[rourkem]

Is there a good reason though why that one is still not verified? Just missed it perhaps?

[bigmim]

It is a "Track Record Not Verified" over myfxbook.

[goral123]

I don't subscribe this (luckily) but I tried it before first loss in spetember. This signals shows that even good trader have a worst days.

I am curious about signals. What are you going to do Nick?

[timo]

Thanks Nick,

That's much appreciated.

Expectations for the next first down at 106.50 , followed by 105 and 100 further breakdown .

Here's hoping

You do not worry I'm sure its redundant system.

I have no idea what he means by this.

But IMHO he should be a bit worried. Hitting 3 SLs in a row is a sign the system could be failing. Which is possibly why he has lost close to 80% of the funds in his pamm.

just such times, sooner or later had to happen. this I know on my system. I regret not having taken leave in advance, then the drawdown would be less[/I]

If he knew there was a possibility of hitting 3 SLs in short succession it might have been a good idea to put this one the signal page. The signal page is all roses. Doesn't really say that he expects outcomes like this to happen. 1 SL is undesirable but normal. 2 is pushing it. But 3 in quick succession - that's either extremely rare / unlucky, or something is potentially wrong with the trader or system.

What are your thoughts?
Are you still as confident in the system / trader as you were 2 months ago?

[Nick]

I received this from the trader today:

Hey, Nick!

Expectations for the next first down at 106.50 , followed by 105 and 100 further breakdown .
I'm sorry for the drawdown ... I would like to trade the results were better but nothing comes out. You do not worry I'm sure its redundant system. just such times, sooner or later had to happen. this I know on my system. I regret not having taken leave in advance, then the drawdown would be less

[Nick]

I don't suppose the trader has given you an update Nick? A weekend update would be good if possible ...

Hi Timo,

I've just pinged him on Skype, As soon as I have an update I'll let you know.

[rourkem]

But it's too tempting to put that money back in. Maybe put some back in, like just a fraction of it?

[Art_1]

if you subscribing - just take your money left ASAP and put somwhere else (other signal) with reasonable risk, proven trading strategy / trader.
This signal was a ........ from early begining, just leave it, take lesson learned (expensive one, but sometimes it hurts) and move forward

BR
Art

[timo]

I don't suppose the trader has given you an update Nick? A weekend update would be good if possible ...

[nc!]

It seems most of the strategies have Hope/Hold so this way they lock subs for months until big losses and unsubsribe only after the loss...and then promise recovery which is follows by more Hope/Hold...repeat..

[Pianetti]

Again big DD, what a joke

[Big River Man]

I've cancelled the sub. Don't need this type of signal. No idea at all about fundamentals. Thanks God I hedged this last UJ trades as I didn't see any reason to sell the USD against the JPY, but I have still lost 000's on this guy. Not had any single wins since Nick recommended it and put it on VIP. Finding it really hard to make money with signals the last months. But when you do lose money over and over you can really see what signals are stinkers and what signals are quality. This signal is a stinker. Very bad trading. If you want a grid, best to go with Smart Scalper instead. More logic to the trades.

Good luck anyone who sticks around I hope you can get out of this UJ basket and further losses. As for me I've closed down almost all of the shorts with whatever profits i made from hedge will be looking to close the rest 107.5-108

[timo]

He's confirmed he's ready to start trading, but taking it easy to start with.

Hopefully we see a recovery soon for you guys that are still following.

Is he still taking it easy Nick? Looks like a full risk basket to me

[Big River Man]

Lol still shorting the USD and against the weakest currency of the lot. Madness. 3 SL in a row?