firstlenoxfx.com Review
2.316 •
4 REVIEWS
Out of business
Updated: Apr 13, 2022
•
Website is down. Company appears to be out of business.
Out of business
2.316 •
4 REVIEWS
Recent User Reviews of firstlenoxfx.com
J
Jakub
Slovakia,
Apr 15, 2007,
Guest
they were good, but since the release of their fantastic automated system their performance is now an issue..
R
Robert
UK,
Mar 26, 2007,
Guest
I signed up and received signals. Was not too happy with the way they deal with customers. They kicked me out after 3 days and demanded for me to join up by becoming a member. I told them that my trial never finished and that I want to see out my remaining trial period for me to come up with a conclusion. They said to me that I have to sign up no matter what. I think this is a complete and utter joke. It seemed to me they made a few bad calls and then realised that no one will sign up. I think I was the only customer in the room so they decided to kick me out. I didnt sign up and only recently received an email from them explaining how bad things are going. I believe people have realised this is a joke and they dont have a good system that works. Stay away please!
Here is an email from them.
-----------------------------
As traders and systems designers we are constantly aware of the machinations of the markets, what seems to make 'em go, or not, and trying to put together the best strategy to get the most out of it's being played day-to-day. Every so often you run into a market, like now, where you can't wrap your arms around it and put together a consistently winning formula.
When confronted with a market like this we spend time on the phone or via internet speaking to other traders, managers, and fund reps while we also search websites and known strategies for a register of how they are doing. Sometimes you uncover something of value, but more often than not, you find a lot of people struggling and seemingly paddling up river all the time. This is how we feel.
Here are a couple things we've heard and discussed. First, in Donchian tradition, there are myriads on moving average crossover systems. The constant is that you have a "fast" moving average versus a "slow" average, creating a "crossover" and a signal. Very effective in trending markets (in eliminating noise and whipsaws). This has had its more sophisticated advances in adding standard deviations and moving linear averages. Whatever the construct and combo.....we haven't spoken to a single manager in the green for a year. Other popular strategies, like candlestick pattern recognition, with entry oscillators have suffered the same results.
We are not looking for support in tough times. However, we are always making an effort to keep up with market news and advances in analysis. In the end, it seems in my over 30 years of trading, the old "kiss" method works, albeit in different forms.
Last week was the third tough week in a row which always has you looking over your shoulder and questioning what and how you are doing. Then you get right down to the charts. When I look at the USD index, I know immediately it was a choppy week. Last Sunday's open was literally a couple tics away from today's opening. You review the week, weed out the noise with a 2hr bar chart, and there you have it. You see one large red bar, and one slightly oversized red bar, both followed by like green bars.........and a whole bunch of forays 20 -30 tics either way, back and forth, just slapping stops up side the head as much as they possibly can. Real tough stuff .... no two ways about it.
Although there seems to be intervention and commercial support for the buck at the 83 level, sooner or later that number gets left behind. Right now it still favors a downside resolution. But, until then.... it's tough. We upped our size a bit last week due to what appeared to be improving trading direction and action. Well, the markets being what they are, we made small gains on 3 days, and took a couple full boat losers on our 2 losing days, actually ending the week down (when you would normally expect at least some increase based on winning/losing trades).
Although the market is defending right now, we are close to that hard baseline number that if we break a couple consecutive days lower, will ignite a strong sell off. Only time will tell, but that scenario would pay us the best. We are slightly bearish and prepared to load the boat on a breakdown, but until then we're just playing intra-day signals till some trades hold a carry overnight or two.
Keep an eye on the sub prime loans news............ right now that is something that really could get this thing flying down a slippery slope.
Let's hope this week gives us more.
First LenoxFX Team
Here is an email from them.
-----------------------------
As traders and systems designers we are constantly aware of the machinations of the markets, what seems to make 'em go, or not, and trying to put together the best strategy to get the most out of it's being played day-to-day. Every so often you run into a market, like now, where you can't wrap your arms around it and put together a consistently winning formula.
When confronted with a market like this we spend time on the phone or via internet speaking to other traders, managers, and fund reps while we also search websites and known strategies for a register of how they are doing. Sometimes you uncover something of value, but more often than not, you find a lot of people struggling and seemingly paddling up river all the time. This is how we feel.
Here are a couple things we've heard and discussed. First, in Donchian tradition, there are myriads on moving average crossover systems. The constant is that you have a "fast" moving average versus a "slow" average, creating a "crossover" and a signal. Very effective in trending markets (in eliminating noise and whipsaws). This has had its more sophisticated advances in adding standard deviations and moving linear averages. Whatever the construct and combo.....we haven't spoken to a single manager in the green for a year. Other popular strategies, like candlestick pattern recognition, with entry oscillators have suffered the same results.
We are not looking for support in tough times. However, we are always making an effort to keep up with market news and advances in analysis. In the end, it seems in my over 30 years of trading, the old "kiss" method works, albeit in different forms.
Last week was the third tough week in a row which always has you looking over your shoulder and questioning what and how you are doing. Then you get right down to the charts. When I look at the USD index, I know immediately it was a choppy week. Last Sunday's open was literally a couple tics away from today's opening. You review the week, weed out the noise with a 2hr bar chart, and there you have it. You see one large red bar, and one slightly oversized red bar, both followed by like green bars.........and a whole bunch of forays 20 -30 tics either way, back and forth, just slapping stops up side the head as much as they possibly can. Real tough stuff .... no two ways about it.
Although there seems to be intervention and commercial support for the buck at the 83 level, sooner or later that number gets left behind. Right now it still favors a downside resolution. But, until then.... it's tough. We upped our size a bit last week due to what appeared to be improving trading direction and action. Well, the markets being what they are, we made small gains on 3 days, and took a couple full boat losers on our 2 losing days, actually ending the week down (when you would normally expect at least some increase based on winning/losing trades).
Although the market is defending right now, we are close to that hard baseline number that if we break a couple consecutive days lower, will ignite a strong sell off. Only time will tell, but that scenario would pay us the best. We are slightly bearish and prepared to load the boat on a breakdown, but until then we're just playing intra-day signals till some trades hold a carry overnight or two.
Keep an eye on the sub prime loans news............ right now that is something that really could get this thing flying down a slippery slope.
Let's hope this week gives us more.
First LenoxFX Team
R
R.Paulson
New York,
Jan 16, 2007,
Guest
My name is Robert and I am a trader/owner of FirstLenoxFX.com. We have several traders contact us and say this board was responsible for them finding us. Thank you ForexBastards. There si no reason to sell our product as it speaks for itself. It is worth noting that we are traders ourselves and decided to run the site to compliment our own trading and clients. These trades are timely and very accurate. Being that this is a new venture for us there are many features we would like to add. The only thing that can be said is that we do not have the track record on teh front page. BUT, all trades are accessable via our ARCHIVES feature. This feature shows all trades and Commentary on every single day we have posted a trade. For the record we did post trades on ForexSwingTrader for a few months before we decided (for conflicts of interest) to run our own site and take full responsibility for our trades. Good luck all and thanks to ForexBastards for allowing us to post this message. Happy New Year
J
james lane
london,
Nov 30, 2006,
Guest
they used to be http://www.forexswingtrader.com/ and now have changed names to first lenox. Yes first lenox have been around the same time as forexswingtrader but they chose to change name due to bad reputation. They never seem to be able to change the trade signal archive so people can look through their old signals as it seems they idea is to let newbies open trial account and then let their luck ride on a few signals so that people pay money.
K
Keith
Ireland,
Jul 10, 2006,
Guest
I have tried a lot of signal companies, but First Lenox are on a different level to all the others as far as I am concerned. In my experience of using their trades, I would say they get 8-9 winning trades out of 10. A good sign that a company is not a scam is that they give a free trial so you can see how good they are.