King Forex Signals Robert Grespinet Program

[FrankTheTank]

Thanks for your feedback.

[David S.]

Funny to receive a message from Felix that he had no new spots available for Kingforex signals last week. His marketing tricks have no ending
The post and comments by roberhert were spot on, and this for a trading room that claims well over 1,500 pips in 2 weeks of March trading. What a joke.

Of course Felix makes tons each month from subsciptions and he couldn't care less about making money by trading Forex. Think about it, would he be (pretending to be) trading news if he could make thousands of pips per month by following his buddy Rob ? But he keeps spamming people by claiming that 'Rob did not have a very good day yesterday. He took a bunch of trades, some were losers some winners, but during the late New York session, he took two winning trades, and made +840 pips, so he finished the day with +565 pips total, which brought his performance for the month of March so far to +1,893,425,345,234 pips total'

Now try to convince me that Felix is not a scammer...

[b-rock]

You hit the nail on the head there David S......Felix must be losing some of his subscribers, so he makes it look like there's a supply/demand crunch.
What a guy.

[FrankTheTank]

Today Felix asked people in the SNW room if they were making money with Rob G.

Here is the response

10:28]-bike tolake:no I gave up and cancelled ♦
[10:28]-magister pips:yesterday he got 60 pips I got 30 ♦
[10:28]-Dennis H2:barely ♦
[10:28]-pippi long:no ♦
[10:28]-Piposaurus Rex:too tired to do both especially when i out of town ♦
[10:28]-Andes AI:Just a little bit, but not much. ♦
[10:28]-magister pips:today I got hit ♦
[10:28]-magister pips:yes practically every one ♦
[10:28]-pippi long:trigger shy after losing trades ♦

[magister]

Yeah I have been getting weary of Felix's constant marketing mentality. he goes on about reputation and integreity yet turns a blind eye to the truth, he is so hell bent on constructing a fabrication of reality that he cannot see certain basic truths practicaly right in front of his face, I guess L.A. can do that to a person. I wrote that into the diamonds room the other day...I am on an ECN, currenex thru BGC, my spreads vary between 0.5 and 2 pips. I have been taking nearly every single trade that Rob has done for 2 weeks and have basically just broken even. Now I could get Dukascopy to get an exact mirror of Rob's prices,
but I think Currenex is close enough to what Rob is getting anyhow....

what is going on is a decoy fabrication has been assimilated. Rob tell us to use hard stops...this means on a long call, the offer price must pass thru the stop price, yet when this happens you will be executed on the bid price...yet Rob reports to the room that he is executed on the stop price, when depending on the spread he is being stopped out on the bid price.

What this means is for every trade that is stopped out, you must subtrace 0.5-2.0 pips times 2 for each of the 2 lots. Since rob takes so many trades you will see this will affect that astronomical performance quite significantly.
Now the videos which Crazy Cat produces to use as proof of performance are
based on what Rob reports to the room...we have yet to see a trading account statement which verifies these results.

I asked about this at the last Profitability Session and got no answer
050407_KFSProfitSession.swf
I have now written Felix about it directly, I gave him a chance to come clean by stating I understand if it was a misunderstanding.

Many people have asked about this on the newsgroup and Rob gets angry and will usually cease to trade, he has an explosive temper. I think alot of people in the group are scared to bring things up, also alot got discount annual subscriptions and just go to the room to socialize and some use it to verify there own systems. When I was new trading there in februrary people would pm me when I asked direct questions about this, telling me about there filtering systems and basically answering for Rob....basically telling me that you never get his stops, etc. Then the asian equities sell off occurred and many made big pips short GY, so why would people worry about a few pips.

I have come to the conclusion that it is very highly likely that Rob is lying about his stops, I also think sometimes he lies about his entries but that is harder to verify since the omnovia room sometimes has a second delay. Although he gave a long on GU today and I was watching the price and the offer was never near 65.

Further confirmation came when it was obvious that Rob was crashing at Felix's pad while in L.A., not at the lush 5 star hotel that he bragged about. In fact I do think that the obvious natural greed for money among forex traders is used as a marketing tactic which has been exploited here. if Rob was a millionaire big shot forex trader why would he crash on felix's sofa, why would he spend 5 days a week, 12 hours a day giving signals....it just doesn't add up.

[FrankTheTank]

Sounds like you know what is going on and others are just too afraid to come to terms with reality. What a shame

[magister]

yeah I started reading the disciplined trader the other day....

It is easy for a trader to stick his head in the sand...

SNS was nice for awhile but it is getting 2 hard to make
any money with these strategies. Perhaps I should just
start trading for myself.

[pipforexmaster]

Originally Posted by magister

proof of performance are
based on what Rob reports to the room...we have yet to see a trading account statement which verifies these results.

Ok, we're getting somewhere; if we all demand to see real results then we can get somewhere. I think we're all tired of Felix and his lies and yes we know that he has his agents visiting every forum to defend him. but there are a lot more of us who got screwed than he has people defending him.

we've had similar discussion in the Forex Muse forum, we want for Rob, Dimitri and Dustin to show us their records.

Show us a broker's record that isn't modified. using a shared screen like omnovia, login to your broker, run a report and let us see it. not too complicated is it? or maybe it is because it'll prove that these guys are a bunch of scum bags.

[fratan]

I posted this elsewhere but perhaps this thread is where it should be.

For those of you who are wondering if Felix is ethical and further wondering if both he and Rob have misled the forex public, please read the emails exchanged below. I received these from a fellow trader who was kind enough to share this with me months ago. I do not have permission from the original author so I have deleted information that reveals the person’s identity. Enjoy, this is a great read.


(June 4, 2006)
Good evening Felix:

I am a XXX currently living in XXX. I have been anxiously anticipating further information regarding Rob Grespinet. I did a search on Google to see what information I could find and Claude Grespinet (name as it appears on the statement posted on your site) came up as President and head of trading at Forex Super King ( king super forex currency trading at forexsuperking.com ). When I checked the track record on the website it showed 700 pips for April and 546 pips for May. Your website says Mr. Grespinet generated over 3000 pips (combined) for the months in question. I am curious if Rob is the same gentleman from Forex Super King. If he is, is there an explanation for the large discrepancy in pips between his personal account and the alerts at Forex Super King? I sincerely apologize if I have erred in my information but I thought it best to inquire with you as your website is an incredible resource that seems to get the answers for the little guys trying to make an honest living trading forex.

Regards,
XXX


(June 7, 2006)
XXX,

Yes, that's the guy, send me a link where it shows that he made 700 pips in April and 546 in May?

Felix


(June 7, 2006)
Good afternoon Felix:

When I went back to his former website the day after my email to you, the site was taken down and had a message directing people to the new site run by you. Was this done by you as it seems very coincidental. His former site (king super forex currency trading at forexsuperking.com) had a “track record” page and that is where I got my numbers from. I checked it several times the day I emailed you and even had my wife check to make sure I wasn’t misinterpreting things (although, it was very straight forward and was not open to interpretation). The website also talked about his alerts and said they were based on two proprietary indicators that simulate where orders are placed. Your promotional material says he does not use indicators but actually has access to order information from a major financial institute. There is a big difference between simulation and actual bank feeds. Lastly, you indicate that he trades directly through a bank but the statement is clearly from a broker. With all due respect to Rob, the ‘pips’ listed in the track record section were still impressive but I was concerned about all the conflicting information. He also wrote articles for various trade publications that appeared to double as promotional advertisement for Forex Super King. The more research I did online the more it appeared that he was more of an institution selling services (i.e alerts) as opposed to just a friend helping friends as suggested by you when you convinced him to go commercial…… I wish I would have printed the site off or saved it as a HMTL file….. now I know for next time…..sorry…….regardless, I am confident that you have done your due diligence before referring him to your subscribers.

XXX


(June 7, 2006)
Hi XXX

Yes, that's his old website...where people were signing up...all I was told by Rob was that it wasn't commercially advertised, and that it started with friends, and friends told friends, and other friends told their friends, e.t.c.

Apparently some of the trades he was taking himself weren't sent to his signals. If you look at his statements, his trades were within 14 hour range. With his subscribers, he usually goes from 2 am EST till about 5 am EST. Then he comes back and does it from 8 am EST until about 1 pm EST.

All I can tell you is that I trading with this guy relative large sums of money, and I trust him. I'd never recommend my subscribers anything that I am not willing to do myself. However, lets keep this quiet until I do some further investigating.

Thanks
Felix

[pipforexmaster]

Originally Posted by fratan

I'd never recommend my subscribers anything that I am not willing to do myself. However, lets keep this quiet until I do some further investigating.

Thanks
Felix

Yes, lets keep this quiet, as quiet as he was when he opened his big mouth to Oanda's boss, as quiet as he was when he stole someone's work and called him an indian programmer and as quiet as he was when it came to mass marketing news trading.

I'm going to do that by making sure every person I know gets a link to this post.