foresignal false signals, page-8

  1. 23,262 Posts.
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    Hi PT

    I hope I am not confusing the pairs for you.

    My earlier post was ref E/J where the price wasn't hit to open the trade.
    The one you refer below however is what I think you are commenting on which is correct as U/J

    "However I disagree with your assessment of the U/J trade,
    Aug 04,21:44 GMT to Aug. 05 01:44 GMT. Entry was possible on 22:45 & 23:00 bars, and Exit price possible on 00:00 & 00:15 bars on GoMarkets charts."

    now with regards to this particular trade yes it was possible to trade out at 13 pips profit during the trading period but there is no trigger to do so.
    Otherwise they can simply claim a profit at any stage during the trade when the trade is in profit.
    There must be a trigger such as the limit target, the stop loss or the 4 hour time running out. The only other possible scenario to complete the trade is via a trailing stop being hit. If that was the case then the trade would have completed earlier. Any trades that hit stop or limits during the 4 hours are filled within a few minutes. This trade filled at the completion of the 4 hours.

    There is plenty of examples to check on if you watch the trade polay out live. I guess they figure most people are lazy and simply take them at their word.
    In saying that some trades are 100% spot on which no doubt gives some validity to it all. However they are not achieving anywhere near the pips they are claiming.
    You will note on the site there is simply an info email addy. There is no PDS and even if you contact the email address you won't hear back.
    I am surprized they haven't been shut down yet.

    it is easy to check previous alerts here
    http://www.tweetcepts.com/users/Foresignal

    then check against your charts to see if the trade could have taken place.
    They not long agao claimed 51 pips on a E/J short trade yet when they announced the trade the price was under their open price nad never reached it again. They can't can't have opened the trade at the time they said they did because the price was not there.
    They often state a price that has to be reached before the trade is opened. If not reached it shows up after 4 hours as cancelled but they seem to pick and choose when they do this.

    cheers


    cheers
 
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