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The S&P Chronicles - An Amalgamation of Wyckoff, VSA and Price Action
I think this is the most reasonable course to take.
I read a few of his posts (I think they were all pdf's), and I thought (a) they were reasonable hindsight-type chart analysis, which can have some value, and (b) I wondered if he was selling something, but he never made a pitch that I recall. I didn't read all that much of them, so I don't know for sure, but I gather he didn't.
Even if he didn't, I think he did need to address any vendor status with Mike if and when he became an active vendor, whether he made a pitch on FIO or not. So I think it is best left in @Big Mike's hands now.
I personally have no gripe with him; many people put up charts and may not trade them. That's not necessarily what FIO is good for, but there's nothing wrong with it if there's no undisclosed vendor angle, which is the issue.
I don’t understand all the negativity around Feibel’s thread.
IMHO this is probably the best thread I have ever read on FIO. I’ve not paid Feibel anything and yet his thread has been a big part of how I developed as a trader and managed to get funded at a prop trading desk. I’ve known about Wykoff from before and had studied it myself but reading his thread really helped me nail down some of the concepts much better.
I don’t care if he wrote the chronicle after the market or before it really doesn’t matter to me in terms of the value of the education. How many people actually consistently produce a daily report like that everyday to that level of detail and further how many would share that and answer anyone’s questions regarding it for free at no cost?
If people can’t see any value in it, or it’s not the way they view the markets and they rather use Elliot wave or market profile or some indicators or whatever then that’s cool just go and do that. I don’t see the need to constantly try and make an issue out of this thread that is actually helping some people.
Everybody here is grown up enough to make their own assessment of his efforts and agenda, and I don’t need to be saved or protected by anyone, I find that whole idea kind of insulting really.
Thanks so much Feibel for all you’ve shared here despite all the attacks! I for one have greatly benefited from your efforts and I’m sure if others have really taken time to digest and work through your chronicles, I can’t be the only one.
If he had a commercial motive, which I don't know one way or the other, then he broke important forum rules by not registering as a vendor. If he didn't have that kind of motive, there's no problem.
If he provided educational value, that's great, but there are still the vendor rules, which are very important. The members of FIO are, as a group, a delicious feast for trading-related vendors, and vendors don't have to be scamming anyone to want to get a piece of this feast. But if they were allowed to, then FIO would no longer be a good place to exchange ideas and become a better trader. This would be true whether some of the vendors were providing value or not.
So every vendor has to identify themselves and is required to comply with other rules to keep things honest. This is true even of site sponsors. Traders need to know who they are dealing with.
I'll say again that I have nothing against the OP, and I agree that a person who found his posts valuable could learn from them. The issue is whether he was upfront about what he was doing -- in particular, whether he was prospecting for business while seeming to be just an experienced trader who wanted to help others.
There are people who are strongly pro and others who are strongly anti the OP. That's all fine, but my issue is just whether everything is OK by the vendor rules. Vendors do get to post here, and if they provide value it's assumed that some members will want to look into what they have to offer, which they can pursue outside the forum, so that's a win-win. But they have to identify themselves as vendors, that is, as having a commercial motive, and they do not get to do self-promotion.
Within those rules, if they apply to him, I'm fine with whatever he does. If they don't apply to him, I'm fine with that too. So now it's between him and @Big Mike. Not my call, or anyone else's.
The OP's commercial site is just up and running. A professional looking website like that and associated business take at least 1~2 years to plan and execute. That coincides with start time of this thread. So it's a reasonable assumption that when he created the thread, the construction of his trading education business was already in process. Or, in other words, the thread was part of his business plan. Still, I want to thank Feibel for this thread, which is free and has a lot of educational value.
I beg to differ. As someone that has built plenty of websites and businesses I've never spent 1-2 years planning a business and/or building a website. Trying to rank a website is a different matter.
I'm inclined to think this idea evolved as people showed interest.
And I haven't seen him shilling his services or wares once here so the manhunt all seems a bit pointless to me.
And I strongly doubt we will see Feibel back here posting again now anyway. Our loss.
That just proves you never planned and built any business. There's no manhunt here. Being commercial is not a crime. Why does it hurt so much for some people ? Looking at your profile I understand why you said those. As a newbie you want to believe there are traders who genuinely want to spend a lot of effort to help other traders. The reality is cold and hard. I was like you years ago. Five years from now you'll think different. It takes at least two hours everyday to make those PDF files. Anyone who believes Feidel did that for the sole purpose of helping other traders doesn't stand a chance in the market. That's just too much wishful thinking and the market doesn't tolerate any wishful thinking type.
No loss for you at all. Go to his website and subscribe to his service.
I beg to differ. As someone that has built plenty of websites and businesses I've never spent 1-2 years planning a business and/or building a website. Trying to rank a website is a different matter.