Rashke/Williams et al futures method

[roberk]

This thread will explain a well known simple method used on futures indexes.
Trading futures is a tough game- especially short-term -and it takes a lot more than having a couple of indicators on a 1 minute chart. In other words I am not in any way recommending anyone use this method.
The reason I am giving it here is that a scam (in my opinion) targeting trade2win members is selling this system for 55quid a shot .

More next post.

Edited by Frugi for possible breach of copyright. You cannot buy a system and then disclose it in the public domain.

 

[Edster]

So when's the next post roberk?

 

[FetteredChinos]

depends what time Pat gets here.

 

[Bigbusiness]

It did notice that some of the people who bought the e-book would say that the method works but they don't trade it all the time. This might be because the spread bet companies base their quotes on the futures and near the open, they are quite often a long way from the cash price. This makes trading this a bit tricky with spread bets. At least with futures, you get what you see on the chart. It looks good on cash charts but a lot of the time the price on the chart is not possible to trade.

 

[trendie]

Thanks very much.
Now where do I send my £55 to?!

To the guy on the other end of ypur first trade

( only joking )

 

[ardhill]

The reason I am giving it here is that a scam targeting trade2win members is selling this system for 55quid a shot .

Scam or trading method which you just don't like.

What is your definition of a Scam?

I like a number of others, am aware of the book you are targeting and I just wonder why you seek to trash it?

The method does appear to work on a pretty consistent basis, so why put people off the book and write 'not so pleasant' comments about this method and the book's author?

I personally choose not to trade it as it doesn't fit my style or time for trading, but a scalper could utilise it just fine as far as I can see.

 

[roberk]

Scam or trading method which you just don't like.

What is your definition of a Scam?

I see.

1. Read my posts on another thread.
http://www.trade2win.com/boards/showthread.php?t=13771&page=4
I bought the 'book' becuase it had a NO QUIBBLES money back guarantee. After asking for my money back I found there were in fact many quibbles . So many that it appears it is almost impossible to get your money back.
I was told when I asked for a refund that TRADE2WIN members had given it glowing reports (subtext - who are you to ask for your money back, when the real pros like it).
The deal apparently was I had to use it for 60 days and then PROVE to them　that it didn't perform. The thing is I am a trader- I already fade opening ranges- so I know when I want to be in, and when I want to stay out. Trying to use a modification of a system that 90% of scalpers in the world have been using for a 100 years just so I might be able to get 55quid back is a waste of my time .
If I had used any of my own skills to put in some discretion they would no doubt say - SORRY, you changed our system, no refund.

 

[ardhill]

OK, so you feel that you should have gotten your money back - I can't argue with that point, I think I would be annoyed too.

But, I do feel that you are just taking out your grievance over that issue by trashing the guy. Just because you didn't get your money back doesn't make it a Scam.

You did get a book, and it does show you a method which can make you money pretty consistently.

The fact that he got his ideas from others is nothing new, find any of the 'Market Wizards' and they will all be using some indicator or ideas invented by another person. And they get to charge for teaching you how to use it.

And no, I don't have anything to do with the author, this book nor any other system.

 

[frugi]

Roberk you are coming very close to defamation and possible breach of copyright here. I have edited some posts with this in mind. Not only have you revealed the essence of a book you purchased -I believe from juanbyte - but also you have not provided satisfactory evidence that the book in question is a "scam" so I would ask you to reconsider your position please. I am also interested in your accusation of "targeting". For instance if t2w members are being actively targeted by PM, which is against site guidelines, we would like some evidence.

Most systems are second hand in some way or other, that is the nature of the industry; also there is no obligation to buy any system.

The deal apparently was I had to use it for 60 days and then PROVE to them 　that it didn't perform.

Sounds like an entirely fair condition to me. If you'd made profit from the system over 60 days would you expect your money back then? I assume there are "no quibbles" from the vendor if you satisfy what seem to be reasonable terms and conditions. If you think some are not, please expand.

The thing is I am a trader- I already fade opening ranges- so I know when I want to be in, and when I want to stay out.

Trying to use a modification of a system that 90% of scalpers in the world have been using for a 100 years just so I might be able to get 55 quid back is a waste of my time.

Presumably then you never planned to use the system as directed? This rather begs the question: why did you buy it and why are you complaining about receiving no refund if you refuse(d) to follow the instructions therein?

Anyway if £55 is really "a waste of your time" and you can't be bothered to take the unusual step of actually following the system, then why not let the vendor keep it?

If I had used any of my own skills to put in some discretion they would no doubt say - SORRY, you changed our system, no refund.

Yes I'm sure they would. What is wrong with that exactly?

If I sell you an omelette recipe that involves cracking eggs carefully into a frying pan and you choose to throw them at your dog instead, then would you expect a refund from me when your omelette turns out raw and in many parts, some of them in the dog?

 

[roberk]

Frugi,
I could care less about 55quid- I've already turned down members wanting to buy if off me at a discount. I am putting thousands on the line everyday and I am not going to waste time - and MONEY- just to try to get back 55quid. The reason I am revealing my thoughts here is so newbie members won't send any of their hardearned money to some guy who has repackaged an old system .

I bought the book because I happened to see a thread here, and I suspect the book gets a lot of its clicks from trade2win members.
But anyway trade2win will be what it is based on the members and moderators. If someone gives a NO QUIBBLES guarantee for an INTERNET book and refuses to refund what can I say, you think its fair, I don't.

 

[frugi]

Roberk,

If you have satisfied a set of reasonable terms and conditions (i.e following the system to the letter for 60 days and not making a profit) and still obtained no refund then members certainly deserve to know. But it seems to me that you haven't, so I will pull this thread later today unless you can prove otherwise.

Although I think you are being at the very least unfair on this occasion, I appreciate your looking out for unscrupulous or scamming vendors as they are of course extremely unwelcome on the site.

 

[roberk]

Roberk,

If you have satisfied a set of reasonable terms and conditions (i.e following the system to the letter for 60 days and not making a profit) and still obtained no refund then members certainly deserve to know. But it seems to me that you haven't, so I will pull this thread later today unless you can prove otherwise.

Although I think you are being at the very least unfair on this occasion, I appreciate your looking out for unscrupulous or scamming vendors as they are of course extremely unwelcome on the site.

fair enough!

 

[Bigbusiness]

I didn't like the look of the website advertising this e-book. Is there anywhere that explains these terms and conditions before you make a purchase? I had the same problem with another e-book a few years ago. I fell for the get rich quick advertising and the 100% no quibble guarantee only to find the system wasn't as easy to trade as claimed and I had to make hundreds of trades and lose to get my money back.

I would be interested to know what are the consumer rights when buying from these websites. I know there is a 30 day cooling off period when you can ask for your money back with some goods but I don't know what legal rights the consumer has when making a purchase like this over the internet.

 

[trendie]

simple answer: dont try to get the money of the vendors.
get the money off the credit card company.
phone them up, and ask for the transaction to be put on hold. ( they should then not charge interest ).
tell your CC company that the vendor is refusing a refund you are entitled to.
ensure they understand your consumer rights.
get the CC company to fight for th refund on your behalf.
( if it a small amount, some CCs will just give you the money back, and forget it )

remember:
vendor (big guy) against you (little guy): YOU lose.
CC company (big guy) against vendor (little guy); HE loses.

( it worked for me against 4xtrend !! )

 

[ottos]

OK, so you feel that you should have gotten your money back - I can't argue with that point, I think I would be annoyed too.

But, I do feel that you are just taking out your grievance over that issue by trashing the guy. Just because you didn't get your money back doesn't make it a Scam.

If they promised him money back and then refused then it is a scam by definition.
Roberk is right !

 

[roberk]

If they promised him money back and then refused then it is a scam by definition.
Roberk is right !

Thanks, that is the way I look at it.
However the small print does say 'If it doesn't perform according to our promise' (or something like that. SO technically they can away with it.

 

[wisestguy]

well , what can you expect for 55 quid and from a guy called " juanbyte " ?

also LBR is not doing well these days and I don't think she can be considered top bracket stuff these days.

Still I don't what the fuss is . if robertk , has a view about this " system " , albeit a negative , thenso what ? it won't be the 1st time someone did not like a system they bought.

 

[juanbyte]

roberk

The refund policy is NOT in small print it is the same size as the majority of the webpage, in fact the guarratee to "win 75 times out of every 100" is mentioned over 10 times on the page in larger letters, bold and highlighted text, definately not small print.

It is a performance guarrantee, if it fails you get your money back.

Why have we had to do this?
We used to offer a "for any reason" guarrantee and gave people their money back immediately.
Unfortunately there are quite a few people out there who take advantage of this and and want something for nothing.

How do I know?
There was one person who bought a book and 17 minutes later wanted a refund, you cannot read the book let alone try out the system in that time.

Case 2 Another customer after several weeks asked for his money back, I told the bank to issue a refund but sent him an email asking what was the reason because he did not give one and it had won everyday since his purchase. I sent 2 emails and have not had a reply.

There are bank charges associated with refunds, I do not see why I should have to pay when someone wants something for nothing.
Why should honest customers have to pay and dishonest ones get it for free.

I think that the decision to go for a performance guarrantee is fair to all concerned, if it does not work you get your money back. If it works and you choose not to use it why should you be compensated.

Sorry if you misread something but it is quite clear.
Anyway let me know the date of purchase and I will send you 2 months of charts or year to-date charts, the ones that you should be looking at and if you can show me just 10% unequivocal losers never mind 25% I will personally give you your money-back.

Actually the system has nothing to do with fading the gap, this seems to be something else that you have mis-read.
I have read that fading the gap wins about 85% of the time, the problem is that the gap may be filled within a few minutes, it could take untill the end of the day or even days later.
As we only trade the first 60 minutes and the trade can be either with or against the gap shows that it is not the same as you have discribed

 

[pb]

Frugi,
Copyrighted material has been posted on this thread. Would you explain why you haven't yet edited out the relevant posts?
Thanks.

Roberk,
Juanbyte's post pretty much sinks your claim. I'd be very interested to read your reply.

 

[frugi]

Thanks for putting your case juanbyte. It looks pretty watertight to me.

I would also be interested in roberk's final reply if he wishes to make one, and then with luck the thread can be closed to everyone's satisfaction. I've edited the system details out too. Perhaps I should have done so sooner, sorry.