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#2
2nd-October-2008, 10:17
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Re: Max McKegg
As you might now I have been around for a while.
MMK had been offering services in the individual retail spot forex space since long ago at a time when his main offering was to banks and institutions. I savour this tidbit (see below) as a person who believes technical analysis is generally rubbish and in most cases through most "time frames" a calculated guess smoothed with some other trading tricks (read my book for those) will usually do better on the bottom line. It doesn't matter how revered either a market wizard or marketing wizard is, technical analysis predictions are 50 / 50 guesses and I can make 50 / 50 guesses without paying anybody some subscription fee. The main issue with the traditional popular view of the usability of technical analysis in the high stakes, low margins individual retail spot forex space is that it purports to be great with pinpoint timing and "accuracy" of entries and exits. Because this false belief abounds people are quick to place highly leveraged bets on technical indicators like those given by MMK. (At time of writing and considering how highly leveraged bets brought down the pride of Wall Street, people may want to reconsider these big money bets in future). This is an email from MMK that was forward to me by someone who was trading full time forex at that time, now he is doing something else: -----Original Message----- From: Max McKegg [mailto:max.mckegg@trl.co.nz] Sent: Tuesday, 18 February, 200* 05:31 AM To: **** Subject: USD BEAR MARKET IS NOW ENDING! Dear *****, I believe the USD's Bear market versus European currencies (including Sterling) which dates back to mid-2001, is probably now ENDING. In fact, my analysis is that GBP/USD has already recorded a Medium Term peak at ***** (Click on: http://www.trl.co.nz/ta/GBP-USD.html). Sterling's "initial" decline off ***** appears almost complete and is expected to soon give-way to a corrective recovery over coming days, which "fails" below *****. It is during such a recovery that EURO/USD is able to rally to a FINAL new high for the year (above 1.****). This is forecast to prove CLIMACTIC, setting the stage for a multi-month corrective sell-off in the EURO, SWISSY and STERLING versus the USD (Click on: http://www.trl.co.nz/ta/GBP-USD.html). If you would like to receive my FX Service in which I finesse daily price moves and provide specific trading strategies, then Click on: http://www.trl.co.nz/trltrial.html to obtain a 1-month Trial. Regards, Max McKegg Technical Research Limited http://www.trl.co.nz/ Here are the missing pieces: -----Original Message----- From: Max McKegg [mailto:max.mckegg@***.co.nz] Sent: Tuesday, 18 February, 2003 05:31 AM To: Subject: USD BEAR MARKET IS NOW ENDING! Dear C*** H***, I believe the USD's Bear market versus European currencies (including Sterling) which dates back to mid-2001, is probably now ENDING. In fact, my analysis is that GBP/USD has already recorded a Medium Term peak at 1.6570 (Click on: http://www.trl.co.nz/ta/GBP-USD.html). Sterling's "initial" decline off 1.6570 appears almost complete and is expected to soon give-way to a corrective recovery over coming days, which "fails" below 1.6570. It is during such a recovery that EURO/USD is able to rally to a FINAL new high for the year (above 1.0935). This is forecast to prove CLIMACTIC, setting the stage for a multi-month corrective sell-off in the EURO, SWISSY and STERLING versus the USD (Click on: http://www.trl.co.nz/ta/GBP-USD.html). If you would like to receive my FX Service in which I finesse daily price moves and provide specific trading strategies, then Click on: http://www.trl.co.nz/trltrial.html to obtain a 1-month Trial. Regards, Max McKegg Technical Research Limited http://www.trl.co.nz/ The EURUSD high for the year 2003 was 1.29+. The saddest part is that initially he seemed to be right as it just made it to 1.0935, came back to 1.05 and then ... I hope you can see that I am not saying MMK is a fool, well we all are fools fooled by randomness including him, but what I am saying is there must be and is a better way to trade currencies than to rely on technical indicators by some guru including yourself. Last edited by DrForex; 23rd-February-2012 at 12:39. Reason: remove personal information 
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#3
29th-May-2010, 01:49
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Re: Max McKegg
Max, I hope you are reading this. In answer to your question, I followed Max's forecasts for about 2 years. The man is nothing short of phoenomenal. I highly reccomend him. Just do yourself a favor and take his 1-month trial offer and do nothing butkick back and track his analysis. After one month, you'll be a regular subscriber of his.
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