falcondaytraders

maharaishi yogi · Dec 21, 2007

Oddman You were one of the people that made me join. We are all grown Men and women in here and we make our own minds up. In the end it had nothing to do with you but thank you for saying you were sorry. Blue sold this to everyone and should be made accountable. This has all been a very bad thing for all of us to go through, the friend that were made have been the best part.

Everyone will get to see this site and find out what he has done. All the people that have said how great blue is, are now coming to see the lie. It just does not work. We fight with a few people on here like trader 100 and a few others that have stuck up for blue but it is all just fun. The real thing is all the people he has hurt.

Trader 100 have you seen the truth yet? I know we killed you in here but it was just to open your eyes and to help the rest. I hope you people that are still trying to do this wake up and see you are being lied too. Oddman thank you for your truthful post and that should pretty much close the story in anyones mind. If Blues number 1 guy that made him start this has also said what we have all seen that how much more do you need.

AGAIN THANKS ODDMAN.

maharaishi yogi · Dec 21, 2007

Please read Oddman's post on page 55. It is very important to keep that post up front.

Lafcadio3 · Dec 21, 2007

Thank you Oddman for your contribution here. You like all the rest of us were taken in by blue...your intentions were not bad.

All of us at one time had hoped that blue was as he had portrayed himself....a very successful trader, who wanted to share his insights to "help" others who were struggling.

I cringe now when I recall some of the things I heard him promise during my free trial...."I know the hole your in...I was in that hole...I can get you out"..."this can be a new beginning...ect, ect,..." His whole tireless rap was unrelenting and unfortunately effective.

We can not undo what has been done. It was a costly mistake in dollar terms and worst of all our trust was violated...we were made fools by this vermin.

Here we can set the record straight and hopefully spare others what was so painful for us to learn.

I thank all those who have come to tell the truth. Trader 100 who at first defended the scam artist has now had a change of heart...thank you for coming forward. Maybe some good can come out of it.

maharaishi yogi · Dec 21, 2007

Please read Oddman's post on page 55. It is very important to keep that post up front.

fxpip · Dec 21, 2007

Quote from maharaishi yogi:

Please read Oddman's post on page 55. It is very important to keep that post up front.
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How many members were in his room on average ?

Sorry to hear you people got fooled.

fib382681 · Dec 22, 2007

Important posts to keep on the front burner, notwithstanding Lafcad's and Yogi's relentless pursuit for the truth that keeps this prominently in the #2 spot on google search.

Quote from Trader100:

Thanks for this forum - hope it helps many keep their money from crooks.

I think this method is junk. I paid for it, and it sounds good in theory - which is a combination of well known approaches to the market as well as a couple of semi-innovative techniques. But it was not tradeable for me in real time. And I don't think it is for Blade either as demonstrated by the results in the trading room.

Thank you for starting this thread. It's been a real eye opener.

Happy Holidays and Greetings to Everyone!
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Thanks Trader 100 for being courageous enough to come back and post your "stop loss" in this madness. It's certainly not easy to show publicly what we all went through privately.

The following reminds us of the character of the man we are dealing with, posted by a person who wasn't even part of this latest con-game of this charlatan but a former friend who felt it important enough to post this.

Quote from Lucid:

I have known Blue for many years, long before he opened his rooms. At one time, Blue referred to me as one of his best friends.

Let me tell you how Blue's friendships works. I am a trader, and when I met Blue and he found out that I was trading successfully, he immediately started talking about how incredible successful he was. He gave me the impression he was much more successful than I was, and said he could help me greatly improve my trading. He would start calling me every day, several times per day. He typically called me before the market opened in the morning and got my views of the market. Then he would call me shortly after the market opened, and again get my views on the market. He would continue to call me several times throughout the day, especially shortly after the market made a turn. He would say, "Did you get that short?" after the market made a top and turned down. He would give the impression that he nailed almost every turn in the market. That's how good he was.

I have spent countless hours on the phone with Blue over the years. All under the expressed intention that he would help me become more successful in my own trading, but in order to do so, he needed to know how I traded. I had no problem telling him what I knew about trading and how I traded, as I was under the impression we were open and honest towards each other, that he really was a good trader, and when he expressed he wanted to help me improve my trading, I thought he was sincere.

I am ashamed to admit it took me so long to find out the truth. Blue was only interested in me, because I was successful in my trading. He wanted to learn from me how I traded, under the disguise that he was a super trader and he would help me become much more successful in my own trading. He never gave me anything, absolutely nothing. He just sucked everything he could from me.

Unfortunately, I was not the only one to receive the "red carpet treatment" from Blue. I have since come to know a few other traders who received the same treatment.

I now understand how Blue operates:
Blue's dream has been to become a successful trader. So what he does, is try to "attract" successful traders, into his "world". Blue is a big believer in the "Law of Attraction". The way he does this, is to lure everybody to believe that Blue is an incredible successful trader, and that trading is for him so easy, he can do it in his sleep. As soon as he finds somebody who seems to make it in trading, he will try to befriend that person, trying to make that person believe Blue is a much better trader than he is, and that Blue is willing to help him become even more successful. Blue of course will do this, because Blue is such a "giving" person, such genuine and generous person who now feels "the time has come for him to give back" to the trading community, and share his own success. He will "lull" people into believing Blue is your best friend, and that he feels so connected to you, that you almost become his family. But in order for Blue to help you become a better trader than you already are, you will have to tell Blue how you trade, so he can help you improve. Blue is so good at pulling off this scam, that it is really scary. He will call you day and night, there is no stopping him, his effort is endless. When Blue has decided somebody has something he wants (like a trading system), there is no stopping him in pursuing it. He will walk over dead bodies to get what he wants. And the funny (scary) thing, is that while all his pursuit is solely for his own purpose, he manages to make you believe that he truly cares about you and does this to help you. Yet, there is nothing he can do to help you, as you are the successful trader, and he is not. You are the one making your living trading, while he is not. He is a wannabe trader, and his wish to one day become a successful trader, is very strong. But the fact remains, he cannot trade.

So, to all you traders out there who already are successful or trading for a living: If you ever get in contact with Blue or join up with him, be ready for an onslaught. He will call you day and night, under the disguise he is very dedicated to help you become an even better trader than you already are. He will start banging down your door, trying to get you to tell him how you trade, so he can "help" you. He will focus all his attention on you, you will become a very "special" friend in his life. This will go on until he has gotten to know all about your own trading. If you use any programmed indicators or system, he will try to have you send them to him as well. All of this for free, of course. Blue never pays for anything. He is the cheapest person you will ever meet, yet all the time he gives the impression he is the most generous and sharing person in existence. He is unbelievable good at this. He is a true illusionist. He will do anything to get what he wants, for free.

To you "wannabe" traders who are not successful in your trading yet, you'd better read through all the postings in this thread. I don't think I know any of the people posting here, but from what I can read, I know Blue longer than anyone, and I can attest to what has been written about his character, is true. Everything Blue does, is all about him, it is not about you. Blue will go out of his way to gain what he wants. Blue is not a giving person, yet he goes out of his way to manipulate you to believe that there is no limit to what he will do for you, because you are so "special" to him, he loves you so much.
But it is all about Blue. And if the posters are correct, he has now scammed 100 or more people out of more than half a million dollars under the false illusion that he is a super trader.

If Blue was for real, he would have something to show for it. But he has not. Blue is nothing but another "wannabe" trader, who still cannot trade successfully. The only thing he has to show for how good he is, is his endless arrogance and condescending talk. And as we all know, talk is cheap.

My advice to you: Stay as far away from Blue as humanly possible.
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fib382681 · Dec 22, 2007

And the latest...

Quote from OddMan:

For those who don't know me, I was the administrator in Blue's room from it opened on January 11, 2006 - until I stepped down as administrator and left the room on January 17, 2007.
Blue used to accredit myself and Swamper as being instrumental and "responsible" for him opening the room.

Even though I was made aware of this thread shortly after it started, I did not plan to contribute. Up until now I have been very restrictive talking about my experiences with Blue. After all, each one of us is responsible for our own actions and choices in life. I would not volunteer any information regarding why I left Blue's room, and would only answer privately if a member asked me direct questions.

However, after hearing rumors that Blue recently had been trashing me in the FDT room - as well as to members privately, and after I now have been able to verify these rumors to be true (from several room members independently), circumstances have changed.
After having confronted Blue with this information, and the ensuing email exchange with Blue during these last two days, made me change my mind - and I reluctantly decided to clarify what happened regarding my departure from the FDT rooms:

When I read the postings on this site, I feel very sad and get a bad feeling in my stomach. I was Blue's staunchest supporter and defender for more than a year. During that time, I worked day and night trying to help Blue in the room, as well as outside the room. I spent countless hours working with Blue, and among many other things, I wrote the Education Manual for his teachings.

From some time in October -06 (after the teaching process for the first two classes were over), I started talking to Blue about "what was needed" for the members. So far, he had taught his METHODOLOGY (which is 50% of the teaching process), but he had not shown us HOW TO TRADE his Methodology (which is the other and more important 50% of the teaching process).
Blue promised to do this.

However, as time went by and Blue did not deliver on these promises, the membership grew more and more impatient, and complained to me. Complaining to Blue did not work, as he has his ways of shutting people down, intimidating them, making people feel stupid and inadequate, and talk over them.

I continued every week to beg, ask and encourage Blue to do "WHAT WAS NEEDED" for the members. He again promised to do so, but only after the 3rd group of people had received their basic education (3rd group started their education in October -06). He again promised (as he had done for the prior groups), that as soon as he finished their class, he would trade with them and make sure they recouped the cost for their education, during November and December -06.

Unfortunately, in spite of Blue's repeated promises, in spite of members growing more and more frustrated, taking losses and struggling with figuring out how to trade Blue's Methodology, and dropping out - one by one, and in spite of my repeated reminders to Blue about his promises and "what was needed" for the members...... Blue always had an excuse for why he would not do it.

I particularly remember one day in mid December -06, shortly before Blue left on his Christmas vacation, when I again pleaded with Blue to make good on his promises to the members.
Blue replied: "I SHOULD NEVER HAVE MADE THOSE PROMISES!!!"
My jaw dropped to the floor......
All of a sudden, the PROBLEM - as Blue saw it, was NOT that people did not understand how to trade his Methodology. Instead, the problem was that he had made PROMISES he had NO INTENTION OF FULFILLING!!!

When Blue was back from his vacation in early January -07, the discussions between Blue and myself became more and more aggravated. I insisted he had to follow through on his promises to teach us HOW TO TRADE his Methodology. Blue was "tap dancing" around this subject, but I kept insisting on him DOING WHAT WAS NEEDED (and what he had promised so many times) for the members.

The Free Trial week came along (January 08-12, 2007), during which Blue made 2 trade calls (not 23 calls as Blue claims he did, and as tgere79 incorrectly repeated on page 42 on this thread), one trade was break/even and the other was a 1-tick winner, resulting in +2 ticks for the week (trading 2 contracts for each trade). I know this, as I was the administrator of the room, and I was the one responsible for posting Blue's trade calls to the room. And yes, I have the logs from the week and the recordings as well, so no need to dispute this with me.

After the Free Trial, it became very clear to me that Blue's intention was NOT to help older members become successful traders, but instead his ambition was to FILL UP THE ROOM! His focus was on getting in NEW PEOPLE, instead of teaching the OLD MEMBERS how to trade!

I told Blue straight up, there can be only one reason - and ONE REASON ONLY why he will not teach the members HOW TO TRADE his Methodology, namely: BLUE CANNOT TRADE!

The final straw came a couple of days later on January 17, 2007, when Blue told me in no uncertain terms - after I again pleaded with him to TEACH US HOW TO TRADE HIS METHODOLOGY, when he said to me: "THAT WILL NEVER HAPPEN!!!"
This sealed it for me, I could no longer support Blue's behavior, and decided to resign as administrator for Blue's room, which I did that very same day.

It is hard for me to admit that I got duped by Blue. Even though I knew when I left, that Blue is not a good trader, I have to admit I did not fully grasp his intentions or the depth of it, until having read the postings on this site. During the year I worked with Blue, I got to know him very well. He came across as the friendliest person you can ever meet. Up until now, I have had a friendly attitude towards Blue.
But recent events and the development on this site - has changed that.
Chills goes down my spine when I read Lucid's posting on page 41.....

And I can testify, that what Blue now writes on his REVISED web site (earlier referred to by Losi (page 49) and later commented on by others), is a TOTAL CONTRADICTION TO EVERYTHING HE EVER TOLD ME!!!

If Blue had told me he had developed a system - and that he PLANNED TO TRADE for himself sometime in the future (this is what Blue now writes on his web site), I would never have encouraged him to open a room, let alone participated in him doing so!!!

ON THE CONTRARY, what Blue told me, was that he had developed his system over 7 years, and been trading it VERY SUCCESSFULLY the last 4 years!
He also told me it had taken his son Kevin 3 months to learn the system, and that Kevin now was trading successfully on his own.
He further told me and the room repeatedly, that the only reason he decided to share his system with us, was because he felt bad for all the aspiring traders who got taken advantage of by vendors who sold worthless trading systems. Time and again he told us he did NOT NEED OUR MONEY, because he made his money trading. However, he wanted committed people in his class, therefore he had to charge an up front fee - making people invest in themselves and commit to themselves.

Many thoughts have crossed my mind since reading this thread. One of them was what Blue once told me, after he decided to have Free Trials as a mean to recruit new members to the room.
During one of those discussions, Blue said to me, "I AM THE BEST SALES PERSON YOU WILL EVER MEET!"
And boy - were you right, Blue!!!

I don't mind Blue or anybody else doing business selling stuff - that being products, services or dreams, as long as you are FRANK and TRUTHFUL about it.
But to use LIES and MANIPULATIONS to compensate for inadequacies and inabilities - in order to lure people to buy a product that does not exist, that is DESPICABLE in my book!!!

Blue used to tell us, "Trade what you see - and not what you believe!".
Good advice, indeed!

My advice would be:
"BELIEVE WHAT YOU SEE - and NOT WHAT YOU ARE TOLD TO BELIEVE!"
The TRUTH is played up in the rooms FOR EVERYONE TO SEE - EVERY DAY!
But in order to SEE THE TRUTH, you will have to REMOVE the "GLASSES OF HOPE"!
FALSE HOPE will blind you and keep you from seeing the TRUTH!

To all members who in any way were influenced by me in their decision to join FDT, please accept my sincere apology. I am very sorry and truly regretful!
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Thanks oddman for letting us all know of the goings ons behind the scenes.

Folks if these posts do not wake you up, then you belong where you are.

For those even contemplating having anything to do with charlatan...

Well, what more is there to say?

maharaishi yogi · Dec 22, 2007

Please read Oddman's post on page 55. It is very important to keep that post up front.

This post must be kept up front so he can not hurt the people that are still there and the new ones. All the people still in the room ask yourself, do you really think you are that much smarter then all of us. We are not trying to hurt blue (but for what he did he should pay us all back) we are trying to help you and some new poor person keep there money. I need to thank trader 100 for coming out and doing what he did. It takes a man to say he was wrong. The rest of you have some guts and say the truth.

Most of you have been there for years, are you making money or just getting by? If this system could do what he said it could, you should all be very wealthy. If you believe in what he is telling you then 3k 5k a day should be no problem. He tries to make you think he is holding for all these big points. If you really listen to him he will get one point and run.

You are fooling yourself, the idea of this whole system is for you to become a trader and nothing else. You can not do that making a few points and then giving it all back on one trade. He does not trade, if i was told that when i was thinking of joining i would have never signed up. How can he teach me to trade when he cant.

Stand up in the room and ask for anything at anytime that he has traded the ES. He does not have to have any prices on it. It does not even matter if he lost, just proof he ever had account for the ES. Not someones gold account but his. He has lied to us all dont help him do it to more people.

It cant be all of us are just mad a blue, we can not all be wrong. Look in the rooms where are all the old members, do really think if we were doing as good has he said we were that we would have gone. I do understand why the new members get mad at what Naga did yesterday but he is only trying to help. He has been there a long time and he has come to the same conclusion as the rest of us. He has been lied too and this does not work.

He has told someone i know that he will do a few more trials make 500 to 700 hundred thousand and then that is it. He will come up with "oh this site is making me not want to teach". That is bull he knew just what he was doing, he is almost at the number he wanted to make. Now he will pack up and go. Any normal man would come on here and prove us wrong but he cant. He say's face me in the room, how about you call all the old members come in the room and shut us up. Show us anything, that you have tested this system in real life.

I dont think that is legal blue, to tell us you have tested it for real and you never placed one trade. Show all the members even a losing statement, show me just an account open for ES trading. I wont even matter if you ever traded it LOL anything, but you cant you have just ripped us off.

Too Oddman, Lafcadio3, naga and the rest that are trying to help thanks so much and have a nice Christmas

jquinn95682 · Dec 22, 2007

I do believe that there is now enough testimony and evidence presented in this thread for the CFTC to file against him and make him stop. They do take on guys like Richard Incorrigible and fine them $100,000 with a 3 year cease and desist order. For examples, type "Curtis Arnold"and "George Angell" into google and see what comes up. These were actually guys who could trade and had decent systems but they did not put those CFTC warnings about trading being dangerous and that you can lose all your money doing it on everything they did. And their marketing people made outrageous claims about how successful they were just like he does. I do not see him putting out any warnings. And he is really a crook talking about 91% to get people to give him $6000.

rcanfiel · Dec 22, 2007

I have studied over a thousand systems over many years. I would say perhaps 3 or 4 had longterm outperform value.

The reason people lose money with these systems (blackbox, signal providers, educational materials, fax or 1-900 call-ins, emails, trading rooms, etc.) is very simple:

--- What would you do if a stranger on the street came up to you and said "This is a winning lottery ticket, worth $500,000. I will sell it to you for only $6000.!"

--- What would you do if you got a Nigerian letter scam email, promising that somewhat wants you to get the $15 million, and you were the person chosen to benefit?

Obviously, you would ignore or send them away. BUT, why will people send $6000 to someone for a system, based on "their word?" or "site testimonials"? Demand:

o independent monitoring of his trades via TimerTrac, Robbins World Trade, Striker, Attain, Collective2, Hulbert, TimerDigest or FuturesTruth.

o A long free trial, so you can see that the trades you get (lookahead, not one day old) match his track record (not "example trades")

o demand broker statements

IF THE SELLER REFUSES TO PROVE THAT HE CAN TRADE SUCCESSFULLY, THEN HE CANNOT !!! It is not your job to trust anyone you don't know well... As Reagan said about the Russians, "Trust, but Verify."