King Forex Signals Robert Grespinet Program

[News Pipper]

Originally Posted by FrankTheTank

But I thought he made 1,000+ pips this month

Okay Mr. Smart Guy! Go ahead, give it a whirl! Be my guest, put your money where your mouth is!

Can't wait for your followup post at the end of the month!




News Pipper

[DrewDiggler]

I gather that Rob has had a sensational three days!

Has anyone been able to categorise his trades and determine his most profitable angle?
eg by classification
- pre-news
- order book riding
- a tech strategy
- other
Is his strength during highly volatile periods?

Just curious.

[demonfx]

Hi guys, I'm new to this forum but I have been watching KFS closely in complete awe of the numbers wondering if I should or shouldn't go in. I question why Rob if he is as good as his performance states would bother posting trades in a room of subscribers, what's in it for him? In my view anyone that makes 2000 pips a month can potentially dominate the market. If you do the math you should be able to add three zero's to your account every day with these numbers. I just looked at his performance for March and apparently he has made 1327 pips. I counted the trades - 171 to be exact. If what I'm hearing from this thread that he sells at the bid price, then technically you should be getting in 7 or 8 pips behind (he now trades a lot of gbpjpy). Meaning 171 trades X 8 pip spread = 1368. There's a big difference between +1327 and -41.

I would like to thank you guys for your honest assessment, you have helped me make up my mind about this.

BTW, I'm making between 300-400 pips a month fairly consistently, trading daily charts only and I wait for a "sitting duck" trade, ie 100-150 pips a trade. I find this works well and removes a lot of anxiety from trading. The intraday stuff is just too crazy.

[roberhert]

Hi. I fell for the hype and signed up last week. I've been trading just micro mini lots to see how it works, and also trading EUR/JPY instead of his current 'favorite' GPB/ JPY, due to the difference in spreads at the boker I'm using (IBFX) - 5 vs 11. On;y sat it out for a couple of days for any real length of time trying to trade as many of his signals as I can. Bearing in mind I was just following his B/ Sell signals and setting my own SL/ TP I was amazed at yesterday's performance at 400+ pips (even on the less volatile but similar correlation Eur/ jpy), and was all excited at putting some real mini lots on today (17 minis per trade). At my PC 6.45am gmt and off we go!. I got the jitters and switched back to micro minis for the first few... and thank god I did... within 2 hrs... 9 losers each hitting my SL of 10.. about 59 pips down... (-$1000+ if I had kept to my original plan!) then was away for a few mins and missed a good call for 35 or so. Think he made up a few during the day today, but frankly gave up for a while after the run of losers. True he had a massive day on Monday but I'm sue others did due to the huge JPY movement.. I got very big dreams of upping my lots and making thousands per few hours... proves one great day can and will be followed by a crap one or 2 or 3 etc..

I will keep following and trading the calls (at micro mini level of course) and post my findings. Interesting stuff though.

[FrankTheTank]

So he doesnt trade GBP/USD?

Please keep up informed on your progress.

[b-rock]

Demonfx: Could you elaborate on your "sitting duck" trades? Maybe not in this thread but elsewhere?

thx,
b

[demonfx]

B, You're probably right but your question deserves an answer. Having been trading for several years I have found that my prefered way of trading is to only trade the daily, sometimes weekly timeframes. Less anxiety, less analysis, less stress. I only enter a trade if I feel it will yield 100-150 pips, I can therefore limit the number of trades and stay focused emotionally and phsycologically (which hurt me when I was trading small timeframes). I trade support resistance and price expansion with fibs, no indicators at all as I consider these rubbish. Just my style, it doesn't work for everyone. Cheers.

[Compujock]

demonfx: So it sounds like you trade the daily range within the "tunnel" between support & resistence or do you trade for breakouts? Just trying to figure out what your trade criteria is. You said you enter a trade, "if I feel it will yield 100-150 pips". What criteria do you use to decide if it has a high probability of yielding 100-150 pips?

[demonfx]

Compujock,

You are kind of correct, yes I look at S/R in tunnels over daily ranges and they do pull big numbers for few trades. I never trade a breakout, I will watch the breakout then wait for support to become resistance and vice versa before committing to the next trade - this is a direction confirmation if you like. I don't care about news either, since I look at longer charts so I never get chopped up finding myself stranded in the middle of a news release - I used to hate that!

[roberhert]

Well I finally gave in and got a refund today!!. The room is getting very '*****y' about the way Rob is currently trading.. ie mainly GBP/JPY, and 99% of the time I have lost. I think one winner when he happened to catch a big move. The chat seems to be all negative, so not prepared to risk any real money on this. I even lost on a pre news trade, as his signal came AFTER the SNW had fired ' No Trade' and my finger reacted!!!. (Seems to be a time delay for me in the UK... so pretty pointless)

Sticking with the SMW for now!!