rforexdad

These are my thoughts ...But I am not an expert...I am just a beginner I have tried a number of times to use candlestick patterns in the 5 and 15 minute charts The hit ratio is not worth it...I really suggest that Candlestick patterns are good for 1 hr / 4 hr/ daily charts I am not sure about my above statements...Note I am not an expert...!!

How about some suggestions for good vendors ?

There are some companies who advertise that they made 300 pips in the last month But the question is -- can the user take all their trades ? Normally this type of company would make minimum 10-12 trades a day... The user would have to be 24 hours available and then at the end of the month trader realises that he was not able to make all the trades. I would definitely like to have signals from a vendor who could say (Yes... I shall give you a signal at a fixed time in the day) basically swing trading.

There are some freebies available at Elliott Wave International: Expert Market Forecasting using the Elliott Wave Principle It is a free membership and has a tab called Free stuff - It even has a 280 pages book free that you can read online. Currently I believe (I am not an expert) I believe that EUR/USD as I write is in a corrective wave and I am long with a target of 1.3110 I still believe the EUR/USD will go to 1.3150 but I want to play safe and I shall post a jpeg tomorrow.

Attack the messenger... That is your philosophy... This is not good and I repeat...Discuss Rob Booker's methods and not the messenger... Goodbye !!!

When asked - why does Monday Accelerator not work in the period of September to December 2007 Rob answered people are travelling between Switzerland and England and hence the Monday Accelerator does not work First thing...why does Monday Accelerator work - Because during the period of 2007 Jan - August the market was ranging for GBP/CHF When a person enters the trade - he does not know if market will range or trend... hence this kind of mathematical method is IMHO one of the worst methods... But the question is ...a seasoned person who taught the same thing for 3 years namely Monday Accelerator definitely received comments from his students - maybe not strong enough but everyone in my group said "It did not work " - translated "I lost money" Still - Rob kept teaching the same thing....and chose the same period....correct..? This points to one simple thing Rob Booker did not care - he sold us snake oil and this is my final post...on this subject

Ha Ha Ha ;) Well...Check my messages....I am very carefull not to insult the person who posts a message...I am only discussing Rob Booker and his methods/strategy

Why are you discussing me ? Discuss Rob Booker's method - the Monday accelerator why did Rob Booker sell us this method when it does not work at all ? Nothing works - huh ? - Do you really know Forex ? This is not a good defense of Rob Booker at all

The reason I am discussing Monday Accelerator is that it is impossible that Rob Booker did not realise in the 2-3 years that he taught it that Monday accelerator does not work. He chose the period of 2007 because in the first 8 months of 2007 it produced good results. This in my dictionary is a SCAM

could u explain further...Have you used Moving Averages in live trading and what are your results... please also tell us what time frame do you use ?

I have been discussing Monday accelerator taught by Rob Booker What is this Monday accelerator ? Every sunday You calculate the weekly pivot of the last week (generated by a mt4 indicator) and open up a excel spreadsheet... let us for example take the figure of 1.3490 Next you add 10 pips and put a limit Long order trade 1) Open at 1.3500 Target 1.3550 Stop loss 1.3425 trade 2) Open at 1.3505 Target 1.3550 Stop loss 1.3425 trade 3) Open at 1.3510 Target 1.3550 Stop loss 1.3425 trade 4) Open at 1.3515 Target 1.3550 Stop loss 1.3425 trade 5) Open at 1.3520 Target 1.3550 Stop loss 1.3425 trade 6) Open at 1.3525 Target 1.3550 Stop loss 1.3425 trade 7) Open at 1.3530 Target 1.3550 Stop loss 1.3425 trade 8) Open at 1.3535 Target 1.3550 Stop loss 1.3425 trade 9) Open at 1.3540 Target 1.3550 Stop loss 1.3425 trade 10) Open at 1.3545 Target 1.3550 Stop loss 1.3425 and you issue the following sell orders which start at Weekly pivot minus 10 pips trade 1) Open at 1.3480 Target 1.3430 Stop loss 1.3555 trade 2) Open at 1.3475 Target 1.3430 Stop loss 1.3555 trade 3) Open at 1.3470 Target 1.3430 Stop loss 1.3555 trade 4) Open at 1.3465 Target 1.3430 Stop loss 1.3555 trade 5) Open at 1.3460 Target 1.3430 Stop loss 1.3555 trade 6) Open at 1.3455 Target 1.3430 Stop loss 1.3555 trade 7) Open at 1.3450 Target 1.3430 Stop loss 1.3555 trade 8) Open at 1.3445 Target 1.3430 Stop loss 1.3555 trade 9) Open at 1.3440 Target 1.3430 Stop loss 1.3555 trade 10) Open at 1.3435 Target 1.3430 Stop loss 1.3555 Simple huh ..? He cautioned us...This only works on GBP/CHF...dont try this on any other currency. always calculate this based on the weekly pivot. and keep issuing these trades throughout the week from Sunday 5 pm EST till thursday Friday is very volatile and hence do not trade. Now how long does it take to explain this...? So he asks us to test it on the past using Forex tester Currency GBP/CHF - The best currency in the world according to Rob Booker and time frame the year of 2007 and all 100 people (Newbies/Losers) off we went and did the homework assigned by Rob Booker and needless to say all of us thought that since a 20 year veteran Forex trader had developed this wonderfull method and had a window to the Forex world - we would be millionaires Did Rob not show us his account where he made $40K in the last week ? If he can do it so can we.... He taught us 4 methods....all of them losers I am discussing the Monday accelerator...(one of his methods) Dont you guys agree that this mathematical formula resembles a currency Robot ? Do mathematical formulas work ? Why did it work in the first 7-8 months of 2007 ? and only in first 7-8 months of 2007 ? Please discuss Rob Bookers methods and stick to an intelligent discussion. Does Rob (being a 20 + years) Forex veteran not know that this method does not work ?

Well I would like to clarify....I am not Rob Booker I am just a stay at home Dad who is trying to make some bucks in the exciting Forex world. and I am helping newbies to stay away from Rob Booker

This is the best and IMHO the truth

My God !!! I missed a major point.... Rob Booker taught Monday accelerator for 3 years and did not realise that Monday accelerator does not work !!! and You guys think that we should trust RB ? we have to give RB benefit of doubt LOL

This means that all Newbies are gullible and newbies should keep feeding RB with their money !! And if people like me who have experienced first hand the teachings and the SCAM of RB they are called "SHOUTERS" "LOUDEST" "FRUSTRATED" "UNINTELLIGENT" "UNREASONABLE" why are you guys discussing something else apart from RB's teachings... Monday accelerator taught by RB does not work RB scammed us !!!

I did not choose GBP/CHF...Rob Booker asked all the 100 students to work only on GBP/CHF....he went on and on for 10 minutes explaining that this is the best pair in the world

Are you feeling sorry for RB ? This is funny

Negotiator - let us have your opinion also.... Is Rob Booker a scam artist ?

How dare you...You are questioning the capability of Rob Booker ? Ha Ha Ha Yuk Yuk Yuk Rob Booker is great entertaintment... He is very knowledgeable to Newbies only... LMAO ...ROTFL...LOL

I think Rob Booker's new Seminar/Webinar will get full attendance from his supporters of this thread.... Oh....I forgot...some of these supporters are Rob Booker /and or his employees posting messages using different userids

Basic thing....what is a SCAM ? when Rob Booker knew that his method only worked in Jan-August 2007 That is a SCAM

Point a ) You charge 2000 dollars per student Point B ) You claim to have 20 years Forex experience Point C ) You claim that Monday accelerator works all the time Point D) You asked all students to test 2007 for GBP/CHF Point E) It worked only in 2007 Jan - August Based on the above 5 points - Rob Booker scammed us.

It is not magic that Rob Booker taught us something which worked only on GBP/CHF during the time frame of Jan-August 2007 and never worked at any other time. He taught us Monday accelerator - He is a seasoned educator with a lot of experience. I could go on and on and on...but rather than do that tell me do u agree that Based on the above few lines the answer is Rob Booker is a SCAM artist

why did Rob Booker ask us to test 2007 ? he knew it works in 2007 and he has had many complaints that it does not work in 2010 but he still sold it to us....(SCAM...SCAM SCAM) Right ???

Yes...I did paste a big L on my head and so have all the other 100 users in the group So...Yes...Rob Booker scammed all the 100 people... If you want more details please read this thread completely