Does anyone know about this system?

[Jamrok]

Does anyone know about Stephen Pierce?
More importantly does anyone know about his seemingly new system:
Profinacci
http://www.profinacci.com/

If you check the site and read how it works, then you'd agree that this system sounds really good (as expected from someone selling a product;))...

It would be more accurate to say that it sounds Too Good To Be True! :eek:

The only reason why i'm interested in it is because i was trying to accomplish the same thing but using so random formulas in Excel (this is before knowing or hearing about this system)... I "analyse" the charts, and tweak my formulas so that i end up with a good "system" or "strategy" (dont know if u ppl would call it that)...

I have been successful consistently (more deep profits and less not so deep losses) for the Eur/Jpy pair, but I lost that formula while changing it to suit other currencies:(.

Well the formula isn't actually gone, but just lost among hundreds of copies of the formula that i created to test other currencies...

eg.
I started out with something like this:

cval	131.66		2	E/J
hi	131.83		LOTS	10
lo	131.53		Spread:	0.04
diff	0.30		PIP Val:	$10.00
Entry	131.59	131.63	pip	P/L
L1	131.89	1	0.30	300.00
L2	132.19	2	0.60	600.00
L3	132.49	3	0.90	900.00
S1	131.49	3	-0.10	-100.00
S2	131.44	2	-0.15	-150.00
S3	131.29	1	-0.30	-300.00

Then that moved to this

cval	131.66		G/J3-1
hi	131.83		LOTS	1
lo	131.53		Spread:	0.1
diff	0.30	0.08	PIP Val:	$9.37
Entry	131.63	131.73	pip	P/L
Limit 1	131.88	0.50	0.15	140.55
Stop 1	131.61	2.50	-0.12	-112.44
Limit 2	132.00	0.90	0.27	252.99
Stop 2	131.53	1.50	-0.20	-187.40
Limit 3	132.26	1.75	0.53	491.93
Stop 3	131.49	1.25	-0.24	-224.88

And then to this:

			G/J3-5
hi	131.83		LOTS	1
lo	131.53		Spread:	0.1
diff	0.30	0.08	PIP Val:	$9.37
Entry 1	131.73	131.83	PIP	P/L
Limit 1	132.03	1.00	0.30	281.10
Stop 1	131.58	1.00	-0.15	-140.55
Entry 2	131.63	131.73	PIP	P/L
Limit 2	131.93	1.00	0.30	281.10
Stop 2	131.48	1.00	-0.15	-140.55
Entry 3	131.53	131.63	PIP	P/L
Limit 3	131.83	1.00	0.30	281.10
Stop 3	131.38	1.00	-0.15	-140.55

Now i cant find the one that worked originally (bear in mind i have A LOT of these all over my spreadsheet)...

In any case do you guys do anything similar to what I do or what this software claims? Or is this guys software a money making venture? http://www.profinacci.com/

[Maji]

I think Stephen Pierce is a great salesman. He was sanctioned by NFA or CFTC for one of his products due to non disclosure. My experience with his products has been horrible. He comes up with a new course/system almost every six months. I think if you search on google you can read one of his websites where he was selling a "how to sell on internet" ebook. In it he boasts how he wrote an ebook on trading in a few hours and how it sold like hot cakes. I am not sure if that website is still there, but he changes products that he sells faster than clothes. Sorry to be negative, but that is my experience.

Maji