I think one thing worth mentioning is that the method taught by
Sandy is different from traditional technical analysis, in that the rules are objective, grounded assessments. Conventional technical analysis (double bottoms, cup and handle etc) are much more open to interpretation.
As for complexity, some of the most successful traders use very simple systems. Systems that can literally be written on the back of an envelope. One case in point is Linda Bradford Raschke
(one of the New Market Wizards). Her book, "Street Smarts" consists of numerous systems. All of these systems have a small no. of simple rules. My personal favourite is her system called
"The Holy Grail" that consists of one indicator (ADX) and a 20
exponential moving average.
Another DEFINITE seller of dreams here, 100% without a shadow of a doubt because of one fatal word he used........
As in a 'secret fib ratio'.
Folks when ever someone mentions the word 'secret' or another favourite 'little known' or the best one 'secrets of the professionals' then I can assure you that the stuff they're selling will likely not make you a penny over time.
Another one for the 'selling dreams' bin.
And if Finspreads are promoting him then a) they're complete imbeciles for thinking the guy is for real or b) they're two-bit for luring in new clients with the promises of easy money.
Hey, but who am I to complain, that's all the City is about these days - make the numbers and F%$%*&^& how you do it.
Oh and another thing about taking a course today and making 'good money' with it the following few months.
Give me a break, who in their right mind would judge any trader or trading method on such a small data sample. If you want to impress me or anyone else, then come back in a few years time and let's see how things are shaping up.
in defense I asked Sandy about the "secret numbers" and he just laughed saying that someone on this bb had obviously made up their own quote.
It was interesting when he told the class how this particular thread got started because Pitball who was 1 out of 7 in the class was the only person who misrepresented what he heard. Apparenty he went short £5/point and the stock dropped 500 points the next day. Pitbull heard that he went short £500/point.
He said why is it that the same people in the same class heard £5 and pitbull heard £500 ? That it is this mis-information that sometimes moves markets.
Fair comment I would say.
I agree with Steve that the method is simple and it does work.
Sandy related the same story to me when I attended hsi seminar January gone.
Although I dont use his methods, I regard him as one of the better course providers.
He is genuinely helpful, and has personally answered my emails when I was having difficulties.
As Crassula has also found, Sandy really wants you to succeed.
You can understand from his point of view, why he gets peed off when people try to rubbish him, when the majority experience is a positive one.
I went on his seminar today and so did other 12 people. My first impression was that this guy is gifted. He has ability to capture your attention and make you listen to what he is saying. I have been on many other seminars but never got so magnetised. Yes, his formula is very simple but does make sense. I'll try it out for few days to form any firm judgement
Yes, i too went to a seminar of Sandy's a few years ago - pre "recession", paid around £100 maybe for a few hours.
The only thing I got from it was the application of fibonacci to technical trading.
Fibonacci is far from a secret... it's taught on every maths course, or any course that involves maths; from foundation degree level anyway, and is all over the Internet, i.e. Fibonacci Sequence
Once home and applying theory to practice, I found Sandy's application of Fib to charting analysis VERY woolly and time consuming. It seemed to more a case of finding the "ideal" chart pattern to fit Fibonacci than vice-versa (sarcastically), and certainly one would need to be able handle HUGE downsides. Since then I have found two far more reliable, and readable technical systems.