The Forex Noob

In the previous post Ben referenced Kreslik. That is The Rumpled Ones Kreslik Traders Community forum.

I stumbled on Kreslik Traders Community last week and started playing with TRO’s Drain the Bank system. I don’t get it entirely but apparently if you do get it, you can win big. Problem is I’m a noob and TRO’s instructions are less than explicit.

Apparently The Rumpled One is often banned from forums for “sharing too much information“. I have mulled over starting a forum here so we can have dialogues going instead of me just spouting off but have yet to take the leap. Now I’m interested in doing a forum to get TRO info flowing. It would include other stuff as well of course.

Any interest?

Check out Kreslik Traders Community and let us know what you think about TRO’s systems. Do you fully understand them? If so please, please help!

Thanks for your time,
The Forex Noob

I had asked Ben Jaspers to report on London the Rush system. He has purchased it and I felt it would be valuable for readers to hear his experiences. Ben was reluctant to post his thoughts knowing that I had an affiliate relationship with London Rush. Thank you Ben for your concern but to me truthful reports about real life experiences far outweigh any relationship I have with a product. So, here is Ben’s report in his own words.

Hello Jeff,

Here are my final thoughts about the “London Rush”.As tomorrow, Monday, I am going to ask for a refund.

I did not want to send this DIRECTLY to your site, it is up to you if you want to use itor put some “revised version” on the Noob.

London Rush is very “very simple”, a nice looking but expensive indicator, not more notless than that.

But what is very ….., really very bad about it:it is indicating trades after Tokyo closes and the London market opens.

As everybody knows the first 2 (maybe 3) hours in London are very volatile.The London Rush however is still following “the trends” (in 6 GBP currencies) from Tokyo.

For example: “the trend” in Tokyo was Long and in London at first this continues.Then the London Rush indicator will tell you:

LONG TRADE and tell you to enter at a lower level, when it will get there again !!(that can still be okay of course)

Some days: (for example) it indicates 2 Long and 2 Short Trades in GBP, just after London opens.

So ………. we follow the Rush ………BUT…… MOST IMPORTANT …….. the London Rush doesn’t give a  sh …. about all kinds of very volatile UK economic news, what is going to be announced 1 hour or 2 hours later !!!

Really !!  How possible ??

It does not care of any news at all, from whatever country !! Not only the U.K.Every trader knows, that he or she should wait until AFTER the announcements, but the London Rush ……… ??  (is sending you to hell).

You can imagine what can and will happen when you follow this London Rush indicator?You will blowup a 10K account easy in less than 1 month time.

Of course, I myself know about the exact time of all the important news-announcements, but I thought let’s give the London Rush a try / chance.Well ……, I saw already enough, just after using it for one week.

Yes, the London Rush of course is not some EA and is not a scalper, but nobody needs to buy a  $ 97,00  luxury indicator !! (and even a bad one).Some of the free indicators from “Kreslik” are even much and much better.

Jeff, you can really waste a lot of time with things like this, first you think ……. yes, can be good,and SOON you find out that it is Bull ….

Anyway, for me the London Rush is history.Still I hope some of this information is usefull for you (and maybe some other people are CRAZY about the London Rush, but I cannot imagine that).

Okay Jeff, later,

BEN

If you use the London Rush let us know your experiance. If you have a favorite system, EA or site please share.

Thanks for your time,
The Forex Noob