Tom Strignano Signal Review

[marc walton]

1st July 2010 This Review related to Tom Strignano's previous signal service. He has closed that & is now promoting a new one. One of the members is currently trialling it (not impressed in 1st 2 weeks) and will report back in a few weeks time, marc

I must confess that this review is not easy to write as I have mixed thoughts about Tom Strignano. The guy is a 25 year forex veteran head trader with a track record of working for and running the dealings desks of some of the major banks/finance houses in the world. He is blunt speaking & doesn't care who he upsets & I respect & like him.

He probably knows more about forex than all of us on this forum put together, but I do have reservations about his signal service.

I first came across him earlier in the year and I can thoroughly recommend his e book: Forex confidant.The book gives a brilliant insight into how the major players & Institutions trade forex.
If you want to learn about whats really going on in the forex markets (in down to earth, colorful language) then this is a must read.

Also the book is a very cheap way to learn the methods he uses in his much more expensive signal service

Tom Strignano Signal Service:

[/U][/B]I have been testing numerous signal services throughout the summer period (to be fair to the signal providers, not the best time of year to test any forex product due to the thin markets). Tom was kind enough to give me access (not many signal providers allow a 30 day free/money back guarantee - especially to reviewers).

1. The guy is very knowledgeable & there is good educational content within the site.
2. Knowing what bank traders are looking for is invaluable for your forex future career.
3. Value for money. The 1st thing I have to say is that it is obviously not cheap. If you are not trading an account of at least $3000 you would struggle to make enough to pay for the service. Buy the book. Walk away.
4. This is a very hands on system. They have a potential 6 profit targets that you have to decide which to choose- they do offer guidance as to which to choose, but you need to be around to manage the trades.
5. I found that although most of the trades were winners during the London session, it was more difficult/sometimes not worth trading late USA & especially the Asian session (the 1st targets were too near & widening overnight spreads, in effect killed a lot of potential trades).
6. I found that the majority of trades were profitable (London session). But price often pulled back, before heading in the direction of the signal. Therefore to be able to maximize their value you
   a) need to be sat there and make the decisions &
   b) Need some forex trading experience to be able to handle the pull-backs.

How it works

Tom emails & texts to your phone, buy & sell signals on major currency pairs. You have the choice of 3 different packages;
Option 1: $297 gives you signals on Euro/$ & $/yen
Option 2:$397 gives you signals as above + gbp/$ & chf/$
Option 3:$497 gives you the above + 6 more.

• It is obviously not cheap. The other thing is I was receiving the 10 signals package and I couldn't cope with them all at once!

If you do decide to trial it I would recommend you look at a 2 or 4 pair package

Example of a Trade signal

Tom bought the AUDUSD at 0.8367 on the 1 hour chart. His stop loss is at 0.8332 with price target projections as follows:

Target 1: 0.8396 He does teach you how to handle these potential targets.
Target 2: 0.8402
Target 3: 0.8414
Target 4: 0.8425
Target 5: 0.8448
Target 6: 0.8461


Conclusion

If you have time (London session was best in summer months) & the money & at least a little experience then its worth a try. To me though this is not a conventional signal service.

This is a mixture of signals & education, which for me is no bad thing. The problem is if you find a good, profitable, simple signal service, (known as the holy grail)!! "buy here, target here, stop here," the problem is if it disappears you haven't learned anything.

As I said when I started the blog, my aim was to provide education & information so that you could learn to trade on your own. Toms signal service fits into that niche. If you haven't got the time or the budget, then his book is the cheaper option.

Learn his & the big boys philosophy & learn to apply it to your own trading style.

[baboon]

Good review Marc.

My main criticism of Strignano would be that he is now charging big money for a robot - the buy button on his page states that "The robot assimilates trades that Tom would take".

For the amount of money that he is charging, I would have preferred to see him sending out signals that he would take, rather than getting a robot to do it for him. I doubt that any human trader could single handedly make the number of trades that his robots generate in a day.

It would also be interesting to know how many of the banks he used to work at are subscribers to his signals. I suspect the answer is probably none.

Finally, the cost and the number of trades that his system makes a day mean that it is probably out of reach for 90% of retail traders.

Simon.

[fxtiger]

Hello,

I Signed the Tom's Signal Last month, Becuase of many emails in my box stating that 100 of traders are joining him and Excited...

I joined for 100$ package.

www.theforexsignals.com

This is the new Signal Service.....I joined for EUR/USD and GBP/USD only Signals.

REVIEW

1. His Signals are not worth for the Money. And For His HYPE of his Service..It means Nothing.

2. Last 5 signals i got from Tom is a Loss Signals. Today i got to sell EUR/USD at 1.2250 and it went to 1.2300 SL hit.

Yesterday Sell at 1.2190 then it went to 1.2210 and he told to move sl to 1.2220 then he told to buy same lots as hedge then he told close.

Very Clumsy Work.

3. Vladmir is ok with his signals....I dont complain Him.


Conclusion

I dont recommend wasting your money like me by seeing his HYPE or His Videos and Join Him...Now 2 hours ago i cancelled the Service and waiting for Refund.

I can give you screenshot as prrof from Plimus. This is Geniune Review from Fx-Tiger.

For Marc

Please Dont Allow Affilates to Post Their link.

Please Dont Allow it. Keep it as A Geniune Review

[BlackStack]

from his website today:

NOTICE: This domain name expired on 06/22/2010 and is pending renewal or deletion

[marc walton]

Hi Blackstack, yes that is his old signal service, he is now promoting a new improved, super dooper version! Simon is testing at the moment, but not impressed thus far, marc

[capsmart]

I also subscribed to their service. I like more Vladimir's signals. Tom is sending signals during my night so I miss some of them and somehow they are not logical to me. I am not planning to continue. The only thing that is amazing (to me) is that when they have a signal you receive an alert on metatrader trough an installed EA. That way I think they could also trade the account remotely. I am not sure if I want something like that but I like the concept nevertheless.

[fxtiger]

Tom Signals Thus far Not at all Good. Vry bad.

But his emails are very untruthful..I m shocked.

I cancelled Yesterday and But not having refund. Hoping they will refund it.

[Skaanning]

I tested his service too only bequase i got a mail that says his signals produced about 80pip a day just by following them. I still have this mail from this service. Stupid signal service, no wonder he closed it down. you will end up loosing just by following his signals. You have to learne it you self as Marc says. And what do you need a signal service for when you have learned it?

[cdwin54]

I signed up also, you have to be there just about all the time. When he tells you to put in a trade, 5min later he might tell you to get out or move your stop , or now put a trade in going in the opposite direction. I have lost way more then I have made. So I canceled for next month.

[raa]

Sounds like Tom should be running a live trading room where trades can be followed and updated immediately, not a signal service, with his trading style it is pretty much a wasted time for subscribers.