Did anybody make experience with this guy or his service?
Or did anybody learned from him ?
cant find infos about him or his service here on babypips but maybe somebody here knows something
signed up for his trial. Make sure you checkout his journal for Dec, Jan and Feb. He describes the trades he entered and why he did so with a lot of detailed explanations. Lets see how the trial goes
I learned about him from you over here. Signed up for the trial just a few minutes ago. So will probably figure out his how his performance is over the next 2 weeks.
I posted something similar on other threads I am massively dubious with any of these āmentorsā / āteachersā. I keep thinking why try and sell me something for Ā£1k if youāve been a successful trader for 20+ years. My Ā£1k isnāt really going to make a dint in your bank account. Anyway Iāve succumbed to this one and signed up for the 14 days. What I like is its not a tool or strategy or some mythical thing heās selling. It seems to be an opportunity for you to learn or just copy and make PIPs.
On a similar note has anyone had dealings with Lee Sanford?
Just one not to all of you: I did not check out the link and guy and I will also not do it. Just wanted to share my experience about patterns: all books, sites learning materials and etc. shows when those patterns worked out great. No one never posts when they fail and they fail very very very many times. You have to be an expert with money management if you want to be successful with trading those patterns.
Took the 14 day trial with him and I donāt really see much value here at least for me. He is obviously giving signals and explains them too, but the type of signals he has are not for me. His trading is based on shapes, mainly triangles where is says that the price might either go up or down once the triangle is broken! HAHA!!! Everyone know that the price is either gonna go up or down.
I took one of his signal trades but ended in a loss, and multiple of the other signals didnāt even hit the price point of BUY or SELL he had pointed out.
I been with this group for 10 months now. Luckily membership runs out after a year and I will be sad because, I will be out and people are still in there.
His signals are a little too (how to say it?) weird for me. I get it with the reversal bars and insurance bars and whatever terminology he uses. But that style is good for some situations with āslowā trading conditions , but when it comes to news/events ā¦ no way.
(2) The performance/results he publishes sure tells the story . Positive pip counts on a monthly basis is common. But breaking it down, if you are not on GOLD, then you will be on the outside looking in (US members). Lately, the number of stop losses seems to out number the take profits by 5 to 1 !! Sure, some big profit makers like a GBPNZD 400 pip gain looks good, but to get there , the signals showed nearly 8 stop losses! (give or take)
(3) Communications ā¦ wow. bad to the bone ! HIs emails to the members are wrought with complaint. Many donāt get it due to ātechnical errorsā . Believe that and I have swamp land for sale in Nevada.
Believe it or not, the service main avenue of communication is on FACEBOOK !!! OMG !!! !!!
The membership mainly has many many many beginners. Which is good (I think). The majority of the FB members that post are knowledgeable and defend Mark like crazy. In fact, I know I am about to be destroyed after this post.
By the way, itās all goodā¦ I donāt follow his signals anymore after, but what I do most of the time is to fade his trade ideas for very good profit.
Sorry if I offended anyone, but I just trying to help those that are thinking of joining, DO NOT do it. Other mentors out there are better.
for example this is the AUDCAD ā¦its near the top of the range on weekly and has formed a descending wedge triangleā¦where the location is ā¦its usually a bearish patternā¦to me it looks quite heavy ie ā¦look where it closed on fridayā¦so the confirmation is a break of the triangle to the downsideā¦but like mark, i like to get in abit early so i would wait for what i call an insurance day barā¦and sell about 1 to 2 pips below that barā¦so patience is a must but alot of white space is below.
I would steer clear of him, Iāve was with him for 4 months and here is what Iāve learned.
He managed members accounts (who paid extra) using a broker called Berndale Capital (whom he recommended to everyone) Many of these members reported losses of 90% of their accounts (hundreds of thousands total) on two rogue trades, Mark says he didnāt trigger these trades, Berndale says he did and theyāre now blaming each other/threatening legal action but its far from being resolved and I doubt it will TBH. There is also a cease and desist that suggests he isnāt even allowed to manage peoples accounts so it is upsold to members whoāve already joined.
Countless Administrative errors e.g. ābuy stopsā when it should read āsell stopsā signals 100 or so pips off from what he meant. Really sloppy signals.
Really dishonest marketing! I know marketing is mostly BS anyway but the stories and nonsense they give you to entice you in is just deplorable.
Really poor performance, lost loads over the summer and into the fall of 2016 and conveniently just doesnāt show his September performance. He seemed to start risking much higher % trades towards the end of the month to try and make up for losses but just made it worse. Overall I think I lost 30-40% following each of his trades to the letter.
If you speak out or question anything they donāt like in the Facebook group youāll just get deleted or banned.
This guy comes across as decent and professional but please donāt buy into it as I unfortunately did.
Has anyone else got any feedback about this service?
Iām a newbie and recently became consistently profitable. I trade using patterns - wedges, triangles, channels, head and shoulders etc. So, I know for sure that pattern trading is profitable, however, not sure if itās worth signing up for his signals.
Obviously, Mark trades patterns, meaning that his service will be useless to any other type of trader. So, are there any other [B][U]pattern[/U][/B] traders out there who are, or have previously, signed up to Markās service? How did you find it?