Crazy Markets
Junior member
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PP have just notified me that my claim was also successful. If anyone has still to put in a claim, I stated that I wanted a refund on Electronic Goods not delivered, with the following wording:
---------------------------------------------------------
It is over one month since I made payment for the educational goods and related online support and I haven't received these as advertised on your website and in your sales webinars, namely:
To quote from your website:
"- Regular and free trading methods sent to you via email
- Free indicators and how you can get them to work for you
- Full access every weekday to me live on Trading Elite Club TV
- The ability to ask whatever you want and get the answer straigh away
- Trading webinars designed to give you the educational knowledge you need to succeed."
None of these have been sent/provided.
Furthermore,
- Trading times 6am - 5pm have never been observed
- Trading GBP/USD was replaced by EUR/USD
- Profits obtained have never been comparable to claims in sales pitch
- No education is provided although you state it is "An educational programme that is second to none"
- You have abandoned the system quoted in your sales literature
- You claim no experience is needed but leave customers in a situation of having to make discretionary decisions on their own
- You state that it is possible to make money at any time of day. This is not the case as the support service is frequently unavailable due to technical issues or your decision to curtail the service when you feel unwilling to continue until the close of the markets
- The whole system is not fit for purpose as you are trialling it on customers who are being sold a finished product.
In conclusion, the advertised products and related support have not been provided as advertised and I claim a full refund of the £100 cost I paid to you on 14 Dec 2010.
-----------------------------------------------------------------------
Good luck!
---------------------------------------------------------
It is over one month since I made payment for the educational goods and related online support and I haven't received these as advertised on your website and in your sales webinars, namely:
To quote from your website:
"- Regular and free trading methods sent to you via email
- Free indicators and how you can get them to work for you
- Full access every weekday to me live on Trading Elite Club TV
- The ability to ask whatever you want and get the answer straigh away
- Trading webinars designed to give you the educational knowledge you need to succeed."
None of these have been sent/provided.
Furthermore,
- Trading times 6am - 5pm have never been observed
- Trading GBP/USD was replaced by EUR/USD
- Profits obtained have never been comparable to claims in sales pitch
- No education is provided although you state it is "An educational programme that is second to none"
- You have abandoned the system quoted in your sales literature
- You claim no experience is needed but leave customers in a situation of having to make discretionary decisions on their own
- You state that it is possible to make money at any time of day. This is not the case as the support service is frequently unavailable due to technical issues or your decision to curtail the service when you feel unwilling to continue until the close of the markets
- The whole system is not fit for purpose as you are trialling it on customers who are being sold a finished product.
In conclusion, the advertised products and related support have not been provided as advertised and I claim a full refund of the £100 cost I paid to you on 14 Dec 2010.
-----------------------------------------------------------------------
Good luck!
:clap::clap::clap: I love the truth and couldn't agree more. I believe consistency is the key plus money management 
BlackBison
Active member
- Messages
- 162
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- 12
Good to see people are getting refunds from paypal.. hopefully this clown will get shut down soon anyway
dwayneyboy
Newbie
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- 1
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- 0
Are you guys getting refunds if the seller responded? Or just he didnt respond after 10 days?
I understand he still has 300 members, how?
I understand he still has 300 members, how?
marco dean
Junior member
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- 41
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- 1
Steve ,absoloute genius .See you in the trade room
dermag
Newbie
- Messages
- 7
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- 1
I was listening in and supposedly trading for a mate of mine who had a bad back so couldn't sit all day. Didn't take long to realise it was going to turn to dust.
At first I felt a bit sorry for the fella with all the crap and threats he was supposedly getting, sickeningly that now seems like it was fabricated also.
What made me laugh though was the news trading system he came out with and "gave" us all. It involved taking a buy and a sell just before the news and taking the hit with one and letting the other run....That's not the best bit though...
3 or 4 weeks ago he mentioned his past scalping results and that it'd take him too long to work them out so I offered on his chat thing to write a bit of code in Excel to whizz through his scalping results. I sent him a sample program in Excel that took a buy and a sell at midnight every night on cable and tested about 5 years of back OHLC data.
I never even got a thanks for that sheet but 3 weeks later he has this system that takes a buy/sell at the same time.
I stopped listening in last week some time and stopped trading for my mate a few weeks ago as it was just getting comical.
He also showed his 'automated' software in a webinar that was apparently 'programmed' into MetaTrader but had been programmed wrong, any sells you see should be buys and any buys should be sells. So the -1000's of pips should really be +1000's of pips when he [fixes it and] releases it to his members.
I'm a bit of a whizz when it comes to programming excel so I have tested all sorts of curious systems on years of back data and when you hit something that loses 20,000 pips over a few years the natural thought is to do the opposite of the trades, buy instead of sell and vice versa.
Doesn't work like that as you have the high/low of the bar to deal with and also the spread/commissions which turn the methods into losers both ways. There will be exceptions to this but a method that trades a lot through the day/night would not be reversible to make a profit in my experience. And I have over 10 years data to test and play with. I've got a decent background in betting [racing] so I know what I'm on about.
Having read this thread I've sent my mate some copied snippets to help him get a refund. Thanks to all those who went before us.
The best of it is though, Paul is still on the mic with all the front in the world. Effing unbelievable really. I'd love to see this saga on watchdog on the Beeb.
Ron
At first I felt a bit sorry for the fella with all the crap and threats he was supposedly getting, sickeningly that now seems like it was fabricated also.
What made me laugh though was the news trading system he came out with and "gave" us all. It involved taking a buy and a sell just before the news and taking the hit with one and letting the other run....That's not the best bit though...
3 or 4 weeks ago he mentioned his past scalping results and that it'd take him too long to work them out so I offered on his chat thing to write a bit of code in Excel to whizz through his scalping results. I sent him a sample program in Excel that took a buy and a sell at midnight every night on cable and tested about 5 years of back OHLC data.
I never even got a thanks for that sheet but 3 weeks later he has this system that takes a buy/sell at the same time.
I stopped listening in last week some time and stopped trading for my mate a few weeks ago as it was just getting comical.
He also showed his 'automated' software in a webinar that was apparently 'programmed' into MetaTrader but had been programmed wrong, any sells you see should be buys and any buys should be sells. So the -1000's of pips should really be +1000's of pips when he [fixes it and] releases it to his members.
I'm a bit of a whizz when it comes to programming excel so I have tested all sorts of curious systems on years of back data and when you hit something that loses 20,000 pips over a few years the natural thought is to do the opposite of the trades, buy instead of sell and vice versa.
Doesn't work like that as you have the high/low of the bar to deal with and also the spread/commissions which turn the methods into losers both ways. There will be exceptions to this but a method that trades a lot through the day/night would not be reversible to make a profit in my experience. And I have over 10 years data to test and play with. I've got a decent background in betting [racing] so I know what I'm on about.
Having read this thread I've sent my mate some copied snippets to help him get a refund. Thanks to all those who went before us.
The best of it is though, Paul is still on the mic with all the front in the world. Effing unbelievable really. I'd love to see this saga on watchdog on the Beeb.
Ron
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poopinpips
Newbie
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For anyone who still has chance to get a paypal refund, this is the text I used, and put it in the product not as described category.
Hope this helps
"This service is nowhere close to the description given in the sales literature and the sales webinars:
1) Trading times 6am - 5pm have never been observed.
2) Trading GBP/USD was replaced by EUR/USD
3) Profits obtained have never been comparable to claims in sales pitch
4) No education is provided although you state it is "An educational programme that is second to none".
5) You have abandoned the system quoted in your sales literature
6) You claim no experience is needed but leave customers in a situation of having to make discretionary decisions on their own.
7) You state that it is possible to make money at any time of day. This is not the case as the service is frequently unavailable due to technical issues or your decision to curtail the service when you feel unwilling to continue until the close of the markets.
8) The whole system is not fit for purpose as you are trialling it on customers who are being sold a finished product."
Hope this helps
"This service is nowhere close to the description given in the sales literature and the sales webinars:
1) Trading times 6am - 5pm have never been observed.
2) Trading GBP/USD was replaced by EUR/USD
3) Profits obtained have never been comparable to claims in sales pitch
4) No education is provided although you state it is "An educational programme that is second to none".
5) You have abandoned the system quoted in your sales literature
6) You claim no experience is needed but leave customers in a situation of having to make discretionary decisions on their own.
7) You state that it is possible to make money at any time of day. This is not the case as the service is frequently unavailable due to technical issues or your decision to curtail the service when you feel unwilling to continue until the close of the markets.
8) The whole system is not fit for purpose as you are trialling it on customers who are being sold a finished product."
Dermag, great post and this part of it "The best of it is though, Paul is still on the mic with all the front in the world." is unfortunately true.
He is obviously still intent on carrying on his 'service', and confirming himself to be the absolute fool that he is, due to him still apparently having around 300 members which, after affiliate commissions, will see him pocketing around £15,000 a month, not bad for a trading idiot who hasn't got a clue regarding markets or strategies.
I'm a big believer in 'what goes around, comes around', therefore I feel that, even taking into account his obvious lack of intellect and at times smug attitude, he will still sense the Sword of Damocles is hovering over his future.
Paul Chalmers of Trading Elite Club has become an absolute laughing stock as far as the trading fraternity is concerned, and the fact that he has ended yet another week with a negative pip count simply confirms this fact, perhaps he should revert to one of his previous 'career choices' as he is CERTAINLY a PROVEN failure as far as trading goes.
He is obviously still intent on carrying on his 'service', and confirming himself to be the absolute fool that he is, due to him still apparently having around 300 members which, after affiliate commissions, will see him pocketing around £15,000 a month, not bad for a trading idiot who hasn't got a clue regarding markets or strategies.
I'm a big believer in 'what goes around, comes around', therefore I feel that, even taking into account his obvious lack of intellect and at times smug attitude, he will still sense the Sword of Damocles is hovering over his future.
Paul Chalmers of Trading Elite Club has become an absolute laughing stock as far as the trading fraternity is concerned, and the fact that he has ended yet another week with a negative pip count simply confirms this fact, perhaps he should revert to one of his previous 'career choices' as he is CERTAINLY a PROVEN failure as far as trading goes.
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dermag
Newbie
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- 7
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- 1
KCTiger,
I've been involved in making a living [or trying to] on the net for a long time and I remember back in the day [96ish] I was a member of a forum concerned with racing and racing systems. The was a chump on there that started a "service" giving tips that were mostly odds on favs and he barely made a profit.
The point is though that he had a great following at about a ton a month and it took some in depth detective work by me and a mate to unearth this tool. He was asking the members to make checks payable to him and he was adding the tail on the v to make it a y and sticking a dot in between to make it look like his signature. Very clever actually but found out in the end. He was only a kid but his dad had been done for a big mortgage fraud...lol...keep it in the family eh?
What I'm trying to get at though is with him, just like Paul, he had an awful lot of people who knew no better and were desperate to get out of the rat race with this dream of quick money. So to them, Paul is a "guru" and they will cling on till they can't any more. Either because they are bust or he gets busted.
The concerted efforts to get Paul his comeuppance may well work, and I hope it does, but there'll be another Paul just round the corner. Maybe even reading all these threads to avoid the mistakes Paul has made. They're like drug dealers and suicide bombers, a ready supply waiting in the wings when one gets taken out.
What these people [the victims/mugs* delete as applicable] need is education. They need to be taught that you can learn and do it alone. But sadly I think a lot of them don't really want to be a success, they need to fail and need people like Paul to blame. Society has done a real job on the "sheep" over the last few hundred years.
I could rant for hours but better stop now
Ron
I've been involved in making a living [or trying to] on the net for a long time and I remember back in the day [96ish] I was a member of a forum concerned with racing and racing systems. The was a chump on there that started a "service" giving tips that were mostly odds on favs and he barely made a profit.
The point is though that he had a great following at about a ton a month and it took some in depth detective work by me and a mate to unearth this tool. He was asking the members to make checks payable to him and he was adding the tail on the v to make it a y and sticking a dot in between to make it look like his signature. Very clever actually but found out in the end. He was only a kid but his dad had been done for a big mortgage fraud...lol...keep it in the family eh?
What I'm trying to get at though is with him, just like Paul, he had an awful lot of people who knew no better and were desperate to get out of the rat race with this dream of quick money. So to them, Paul is a "guru" and they will cling on till they can't any more. Either because they are bust or he gets busted.
The concerted efforts to get Paul his comeuppance may well work, and I hope it does, but there'll be another Paul just round the corner. Maybe even reading all these threads to avoid the mistakes Paul has made. They're like drug dealers and suicide bombers, a ready supply waiting in the wings when one gets taken out.
What these people [the victims/mugs* delete as applicable] need is education. They need to be taught that you can learn and do it alone. But sadly I think a lot of them don't really want to be a success, they need to fail and need people like Paul to blame. Society has done a real job on the "sheep" over the last few hundred years.
I could rant for hours but better stop now
Ron
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dwayneboy , i think if paul chalmers doesnt respond after the 10 days you automaticaly are entitled to your money back, i just stated i didnt get what i paid for waited 10 days and recieved a email sayind they ruled in my favour
great post demag, but the sad facts are that your right, whilst people see an easy way to make loads of pips a day and maybe the promise to give up there job & get rich, theres always gonna be pretators like your graham laurie , nick lieght, paul chalmers, & the rest of the scumbags out there waiting to pounce with there next miracle system,most of which could be learnt by spending a couple of weeks reading up on babypips .com you dont need to be paying these *****oles money to teach you what is freely avalable on the internet anyway
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Nice one Ron
You're not the first one that this scumbag has done something similar to. I have listened to some of the pathetic self congratulating and words of support that he keeps thanking mugs for. I just wish these people would pick up on what is being said by many here is the truth and not what that lying ******* keeps saying.
It is quite apparent that he doesn't know what the truth is and lives in a fantasy world. The sooner he is put out of business the better. At the same time I sincerely hope that event comes attached with some sort of comeuppance as well
You're not the first one that this scumbag has done something similar to. I have listened to some of the pathetic self congratulating and words of support that he keeps thanking mugs for. I just wish these people would pick up on what is being said by many here is the truth and not what that lying ******* keeps saying.
It is quite apparent that he doesn't know what the truth is and lives in a fantasy world. The sooner he is put out of business the better. At the same time I sincerely hope that event comes attached with some sort of comeuppance as well
PackerBoy
Member
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- 94
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- 1
I believe you are correct stephenag
Just had the good news from Paypal:clap:
Dear ...........
We have concluded our investigation into your case and have decided in your
favour.
You have indicated that a partial refund of 100.00 GBP would be
satisfactory.
We were able to recover 100.00 GBP, and this amount has been credited to
you. Please allow five working days for this adjustment to be posted.
If you are due any additional funds, we will make our best effort to
recover the balance from the seller.
If the seller's account has insufficient funds to complete the refund owed
to you, please be assured that we will take appropriate action against the
seller's account, which may include limitation of the seller's account
privileges.
Can I just ask how long ago the above two posters lodged their refund request with Paypal?
Mine was initially lodged 0n 12/01/11 and they are currently saying that my case is being investigated by one of their 'claims specialists', and that I should hear something by 18/02/11, I will be REALLY pi$$ed off with PP if my refund is refused when others appear to be coming through at a fairly rapid rate.
Just another reason to despise the wannabe trader/fraud that is Paul Chalmers!
Mine was initially lodged 0n 12/01/11 and they are currently saying that my case is being investigated by one of their 'claims specialists', and that I should hear something by 18/02/11, I will be REALLY pi$$ed off with PP if my refund is refused when others appear to be coming through at a fairly rapid rate.
Just another reason to despise the wannabe trader/fraud that is Paul Chalmers!