[News Pipper]

Well after avoiding Rob Grespinet since his King Forex Signals debut fiasco last June, I finally gave in to the 1000 pips per month hype and rejoined last week.

I realize I won't be making anywhere near 1000 pips per month but... two, maybe three hundred...I hope.

So far, trading GBP/USD with Oanda's normal 2.8-3.3 pip spread, I've noticed my fills have been very close to Rob's - always 1 pip worse, but not often more. That's not too bad, but what I think will really throw the correlation between his profits and mine way off, will be the differences in our exits. Already, it is very obvious that Oanda finds a way to stop me out of trades a lot earlier than Rob is.

Part of the problem may be using tight Stop Loss orders to cut the losers short, so I may have better success using a wider, fail safe, Stop Loss order (incase of disconnection), and just be ready to close manually when Rob's suggested SL price is hit. I don't know. I'll have to see, but then I don't know if I can trust myself to be consistently disciplined enough to click that panic button when the time comes, especially after getting frustrated by several bad signals in row.

That brings me to one final thought about this service so far. Sometimes it seems like Rob is only giving a signal based on a consolidation breakout or a breach of a swing high/low. A lot of these trades just wither and die as soon as we enter. He is supposed to have insight into the buying/selling pressure through his trading platform that allows him to see bids and offers, but it seems like he gives too many bad signals that have no momentum.

Of course, if he makes me a ton of money by the end of this month, I'm going to love him to death!


News Pipper