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Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

www.inthemoneystocks.com

  #3 (permalink)

Elite Member
Johor Bahru, Malaysia
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage, Continuum
Favorite Futures: FESX, FGBL
 
Posts: 85 since Apr 2013
Thanks: 21 given, 140 received

Just a marketing site to earn your money....


Just gonna voice out since no one has given any feedback on them. I think it's only fair.

I used them for 2 years. It's not a 'Big organization", it's basically run by 2 guys, Gareth and Nick. My opinion is they are mainly just salesmen trying to market their 'proprietary system of PPT (price pattern time)'. I attended their Webinar, it was nothing but a combination of using simple technical indicators like Fib retracements, moving average, double top/bottom and gap fills together with a "time count" that they claim is proprietary. But it's nothing more than just counting the number of bars on a the chart. Apparently 3 and 7 are their chosen magic numbers. The reason given is that the numbers 3 and 7 appear the most in the Bible. Yes, it sounds funny to you now, but I actually took them seriously at that point in time.

The guy Nick also specializes in picking turning points in the market, called a 'turn date', but will not tell anyone how it's done. Apparently, it involves very complex mathematical calculations based on over hundreds of years of historical events. In other words, that's the bait that makes you dependent on their services to ensure they have a steady income stream. He will only announce the 'turn date' to the subscribers 1 day before it happens because it's just that secretive and then the subscribers will either pile on board the short or long side, depending on what direction the market's supposed to turn.

They have a few services, a Chat room ($200/mth) and a research center ($100/mth) to make sure they cover all bases. The Chat room focuses on scalping stocks, to cater to those hungry for action, and are eager to blow through their account. The 2 guys will each take turns calling out stocks to go long and short all over the place, but there is no evidence of them actually trading. So it's basically just you have to take their word for it and go for it.

Then the research center is for people who are looking for side income, that one the focus is on swing trading stocks. They will just come out a buy/sell alert with entry price/stop/target and you just follow it blindly and make a lot of money from that one....

I try not to give too much opinion, and just the facts of what was going on at that time when I was a member, so that you can be the judge of it.

My advice though is just to stay clear of them, there's nothing that they can teach you that will give you any edge in the market.

Cheers!

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