Shadowtraders system. Scam or real? (www.shadowtraders.com) | Trading Reviews and Vendors


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Shadowtraders system. Scam or real? (www.shadowtraders.com)

  #112 (permalink)

Elite Member
Chicago, Illinois
 
Futures Experience: Beginner
Platform: Esignal
Favorite Futures: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received

Attended their seminar last month to see what all the fuss was about.

Huge waste of 2 hours....I think I missed Biggest Loser too.

Anyway, they pick very odd hours to trade instruments (for example CL at 7pm, not 7am when the volume arrives).
Can you trade CL at 7pm? Yes.
Should you? No.

The other thing, which absolutely stunned me....was that they don't use any stops.
I pressed the moderator on this....and she said their only going for a handful of ticks (handful meaning 4-5).
I then asked if she was joking, and she said no, that their "Fractals" are very good at picking support/resistance.

I then exited the webinar.

Anyone that day trades for a living, and doesn't use stops, and then attempts to sell their indicator to the masses has lost all credibility.

Theres a similar Fractal thing available for free on here, it didn't come with any users guide......but I will post here again when I figure it out and backtest it.

The following 2 users say Thank You to SpyderTrader for this post:
 
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