Forex Bastards

I’ve recently stumbled upon the website known as ForexBastards.com, a neatly laid out webspace dedicated to letting users rate and review Forex Programs, Forex Indicators, Forex Brokers, and pretty much anything related to Forex you can think of. According to Forex Bastards, the most popular and the highest rated Forex Indicator services are ForexDiamdonds.com, Secret Forex Society, Secret News Weapon. Whether he makes no secret of it or not, its quite obvious there is the same person behind all of these sites including this site Forex Bastards which is rating them so high.

Now, based soley on the numerous reviews that were given to Forex Diamonds on Forex Bastards, I was moments away from ordering this service for $300 a month. Besides, with what the reviews said and the program touts, I’d be making killer deals all the time which would easily cover the $299/month membership fee to his special chat room.

Forex Diamonds is definitely unique from any Forex Indicator service I’ve tried to sign up for and I immediately thought SCAM, rightfully so or not. Here’s why. If you have a service that is invaluable to people and is $300, why are you forcing people to join a waiting list to get in? Anybody who is truly interested in sharing information with you that could make him a fortune if he gets 5 or more sales every day would just sell it, why the waiting list garbage? It’s not like its a free service that is taking up so much resources you NEED to have a waiting list, this is by choice, most likely to make a user wait and wait while receiving free sample emails from the company and related companies, all the while he watches the market go this way and that, wishing he were a member of Forex Diamonds. Almost on every page there’s a disclaimer about the waiting list and if you don’t get in today, try again tomorrow, etc. I said to myself, watch, I’ll get an email for a few days saying its full, then a few days later it there will be a spot open, and I will feel so lucky I just HAVE to join ASAP.

Trust me, I went through all of these emotions, Felix’s little waiting list technique almost worked on me except he didn’t count on me (and you either) doing a little research on his review site and all his sites that accompany them. In fact, if you take away the hundreds of positive comments about the programs on his site, you are left with absolutely no positive comments elsewhere on the internet, I’m talking about a dozen some odd sites with twice as many reviews. Maybe these negative comments are coming from competitors or people who are “out to get” Felix, but why would they be out to get him regardless?

I don’t know, like I said, you need to be the judge on this one, I’m sure his indicators provide us with accurate information, but are they worth hundreds of dollars a month and do they work?

Inevitably, I can’t say its a scam until I spend the $300+ to try the system out. They say there’s a money back guarantee, but who knows.  So, it seems, that through advertising and reviewing your own programs positively 100′s of times could drive at least 1 person to each program every day which could equal 100 pips for them. I just don’t know though… very popular programs that I trust laud that they are lauded or reviewed highly on Forex Bastards, so that’s a plus. I’m giving them a VERY USEFUL rating, because if you cut through all the malarkey, the signals they provide can help any trader, but don’t look to anyone at Forex Bastards to predict the future, at least not for free. As with most things in this Forex business, it’s just too hard to tell other people’s sincerity.

FOREX BASTARDS USEFULNESS: USEFUL

PRICE: FREE, SATELLITE SITES COSTLY

FOREX BASTARDS SCAM OR NO SCAM: DON’T KNOW

USER REVIEW AUTHENTICITY: HIGHLY SUSPECT

Alligator Indicators for MetaTrader 4

Alligator

“Most of the time the market remains stationary. Only for some 15–30% of time the market generates trends, and traders who are not located in the exchange itself derive most of their profits from the trends. My Grandfather used to repeat: “Even a blind chicken will find its corns, if it is always fed at the same time”. We call the trade on the trend “a blind chicken market”. It took us years, but we have produced an indicator, that lets us always keep our powder dry until we reach the blind chicken market”

Bill Williams

Understanding Alligator Indicator will help you immensely from trade to trade on Forex. Alligator Technical Indicator is a combination of Balance Lines that use fractal geometry and nonlinear dynamics.

• The blue line (Alligator’s Jaw) is the Balance Line for the timeframe that was used to build the chart (13-period Smoothed Moving Average, moved into the future by 8 bars);
• The red line (Alligator’s Teeth) is the Balance Line for the value timeframe of one level lower (8-period Smoothed Moving Average, moved by 5 bars into the future);
• The green line (Alligator’s Lips) is the Balance Line for the value timeframe, one more level lower (5-period Smoothed Moving Average, moved by 3 bars into the future).

Lips, Teeth and Jaw of the Alligator show the interaction of different time periods. As clear trends can be seen only 15 to 30 per cent of the time, it is essential to follow them and refrain from working on markets that fluctuate only within certain price periods.

It is based on a 13-period Smoothed Moving Average, moved 8 bars into the future. The red line represents the Alligator’s Teeth. It is based on an 8-period Smoothed Moving Average, moved 5 bars into the future. The green line represents the Alligator’s Lips. It is based 5-period Smoothed Moving Average, moved 3 bars into the future. Lips, Teeth and Jaw of the Alligator show the interaction of different time periods. As the 3 lines move, clear trends develop. The Alligator indicator indicates when to follow the trend and when to refrain from entering the market over certain periods.