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Interested to know if anyone out there has used the Gryphon Learning Hawke Eye trading system and your opinion of it.
Interested to know if anyone out there has used the Gryphon Learning Hawke Eye trading system and your opinion of it.
Wow so nobody has any cred here unless they have 100+ posts????
Interesting philosophy.
I went to a presentation at the Radisson Hotel at Palm Meadows last week. I was NOT impressed.
The HawkEye is a very basic EMA Crossover with a MACD filter. (These have never worked profitably over the long run. But they are great for finding examples of when they have worked in the past and being used as examples by spruikers)
The technical analysis was very shoddy and can all be learned free from the internet (go to http://www.babypips.com/school/chart-patterns-schmatterns.html for most of the chart patterns used in technical analysis).
Despite saying that he wanted lots of interaction at the start of the presentation, he quickly shut down all questions or simply ignored the people wanting to ask questions.
And the costs are ridiculous.
Why pay (from) $117.70 per month for a data feed. And a further (from) $39.95 per month for currencies?
Plus a further $33.00 per month for the scanner
That is on top of paying the Special $4970 seminar Price (reduced from the outrageously over-priced Normal Price of $6400
And there are 3 levels of the business. There is Phoenix AI. Then there is Gryphon Learning. Then there is TradersChoice.Net The TradersChoice seems like the marketing arm of it all. It left me confused as to who I was getting into bed with and where my money was going
After a history of, like, being in the business for 10 years or so, why have they no Trading Statements to show how well they are trading the system.
OR are they not trading their own system?
Why not?
And finally, their secret and exclusive new Managed Fund only for Gryphon Learning trainees rang alarm bells for me. Before investing in anything like that, any investors should do a strong check with ASIC and the financial authorities
Cheers
Mike
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