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[Mysticforex 13]

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

 

In Jan 2009 I was in Scottsdale Arizona, sitting next to Rob. We were teaching a 3 day live seminar. I was teaching the Bossilator, Rob was teaching the Monday Accelerator.

Rob was still pumped and very excited, and actively trading the MA on his own acct.

( Like I said earlier, I didn't care for the method ).

Could Rob have been wrong? YES. Could Rob be an Asshole? YES ( I have lots of friends who are assholes, sometimes I'm even an Asshole ).

Would Rob intentionally mislead people? I just don.t think so.

 

The reason I started this thread was because I thought the idea he had using the ichimoku cloud thingy was interesting, and may have some potential for future development ( I have already applied them to my Bossilators and think it may provide earlier entries on shorter TFs ).

 

I am sorry about the fact that the video was loaded with "suscribe now" "buy now" banners. To be honest I don't even notice that stuff any more. And Rob certainly does not need my help with marketing himself.

[SIUYA 11]

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

 

Why are you discussing me ?

IMHO because if you wish to actually learn to trade there are certain things you generally need to do. But its not about you really.....its about the mindset

 

There is no need to discuss Rob - and I am not defending him - I am merely pointing out that you dont seem to have learnt much apart from bitterness and spite towards any vendors -

from your point of view he is a scammer. period. (DONT BE FOOLED AGAIN)

from my point of view he is probably an expensive "educator"

 

His Monday accelerator does not (appear) work, and anyone wishing to test or try it can do so. Maybe it did work for a certain period of time--- did you even test it yourself for the period it was meant to work?

Is there anything to discuss, given that those who want to could probably test it, is there likely to be a discussion after this thread - suggestion - set one up to discuss an idea rather than say "I was sold this, I did not test it, but it sucks, I was ripped off as it lost money --- please discuss"

 

Nothing works.....not at all. Some things work very well for some periods.

This is the point ---- you seem very binary. "He is a scammer", "It does not work".....

 

Even taking my quote out of context ---- from "does not work all the time - nothing does" to "Nothing works".

 

Again, sorry if this all sounds harsh, but its not an attack on you.....

A few questions if I may.....

 

how many other seminars/websites/trading rooms/get rich quick ideas have you subscribed to both a....prior to and b....since your experience being discussed?

 

how much cash have you spent as a proportion of your trading capital on these?

 

What have you learnt?

[rforexdad 10]

Would Rob intentionally mislead people? I just don.t think so.

 

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

[rforexdad 10]

Why are you discussing me ?

IMHO because if you wish to actually learn to trade there are certain things you generally need to do. But its not about you really.....its about the mindset

 

 

Attack the messenger...

That is your philosophy...

This is not good and I repeat...Discuss Rob Booker's methods and not the messenger...

Goodbye !!!

[kuokam 10]

Siuya, Josh and others are kindly trying to show you the right way to learn in this business. You should forget about your bitterness about RB and listen. You could receive more than what you paid for here for free, but it is your choice to continue ranting and arguing.

Just hope you don't trade as well with so much emotion.

 

 

 

Attack the messenger...

That is your philosophy...

This is not good and I repeat...Discuss Rob Booker's methods and not the messenger...

Goodbye !!!

[zupcon 10]

Would Rob intentionally mislead people? I just don.t think so.

 

Thats a question that only Rob Booker can answer.

 

Clearly rforexdad has an issue with whats being taught, as do other posting on other forums. However, I do think he has a valid point, IF a vendor is encouraging students to verify the method by backtesting over a particular time period and/instrument, then that is highly unethical. Most people with limited experience and a copy of trade station could find a simple strategy that worked well historically in backtesting. The important point of course is that most new trades dont understand these issues, nor do they understand how simple it is to curve fit. Therefore they are easily fooled by the limitations of backtests.

 

In the early days, I'd say that Rob Booker was most definately a victim of being "fooled by randomness". I wouldnt classify Rob as a trader, but he's comes across as someone who at one point at least tried, and more importantly someone whose done a reasonable amount of basic backtesting, and I would have hoped that he'd seen the light by now.

 

For all I know maybe Rob is providing the system to his students simply as an exercise in backetesting, and an illustration of the limitations of designing systems using these sort of methods, but if he's claing the system is profitable, and selectively backtesting to verify those claims, thats unethical, and he should be called on it.

 

I believe Rob's a CTA these days, and his performance is presumably a matter of public record so anyone whose thinking of paying for training at least has the opportunity to check him out and determine if he walks the walk.