If, as has been alleged, jayjay has taken ideas, codes and other material that Grey1 has provided for free and packaged them up in such a way that traders are enticed to part with significant sums of money, then he is not only a successful trader (allegedly) but also a genius at sales and marketing, IMO. That's a very clever trick indeed and, if he pulls it off, he has my total respect! However, my understanding is that jayjay believes he is adding value to what Grey1 provides for free in his TT forum by including extra material which will make a big difference to the net profitability of subscribers. The only way of determining if this is true or not - and if the added value is worth the fee being charged - is for someone who is very familiar with all the content on the TT forum to have access to jayjay's site so that said trader can compare and contrast the two.
Tim.
(P.S. I should clarify that although I'm a member of the TT forum, I'm not suitably familiar with Grey1's techniques to perform the task as I've described - so I'm not putting myself forward for the role.)
I believe the main features of JayJay's subscription are:
- He is offering up the Cycle-indicator that Grey1 uses (not the MACCI, but one undisclosed to the forums) which is more reactive/better predictor of turns in the market. That is to those that take the £1,000 3 day course or whatever it is. I presume he is offering up this indicator with Grey1's permission.
- Alongside his own viewpoint of the futures (I think), he will allow his subscribers to view, via paltalk or gotomeet, a visual of the "program trade black box" that Grey1 uses to automate his complete strategy, which calculates the stocks/position size/target price/stop loss etc. His subscribers can then manually enter the same trades that are automated via Grey1's "black box". Once again, I presume that Grey1 gave JayJay his blackbox and that he has given him permission to allow subscribers to be aware of the calls it makes.
Given how successful Grey1's blackbox is, if you can manually execute those trades quickly enough, or if you are quite successful with Grey1's MACCI system and can make use of the better cycle-indicator, than JayJay's subscription offers some
definite value, even if you see no value in his calls on the futures.
Given that I wasn't around for when this all went down, I can't say for sure, but I think what has a lot of the TT regulars are annoyed about is that it seemed to be an unspoken certainty that Grey would not be sharing his "blackbox" or his "indicator" to TT members, but now not only has it been made available to someone - that someone is using it to profit from TT members by basically offering it up for sale.
Thus, I can see why there is some anger/resentment towards JayJay. Whether that anger is unjust or not, that is not my call nor care. What
I do not understand though, is the resentment/anger towards Grey1. It was his blackbox/indicator to give away, and it was his decision who to give it to, if anyone at all. Grey1 is not profiting from any of the sales, and he has offered MORE THAN enough value to these forums - a lot of people have been riding the free train in his seminars/live trading sessions, where he has made people $'000's out of nothing but goodwill.