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Search: Posts Made By: monpere
Forum: Trading Reviews and Vendors October 6th, 2012, 11:08 AM
Replies: 401
Views: 119,201
Posted By monpere
I think as traders we benefit from learning about...

I think as traders we benefit from learning about every approach to the markets. For instance, I am not a market profile trader, or an order flow trader, but I thought it was important to at least...
Forum: Trading Reviews and Vendors September 18th, 2012, 02:40 PM
Replies: 401
Views: 119,201
Posted By monpere
Agreed, that actually was one of my issues with...

Agreed, that actually was one of my issues with Felton. The track record would show many trades that were never even mentioned in the trade room. It should not be touted as a track record, it is...
Forum: Trading Reviews and Vendors September 18th, 2012, 02:25 PM
Replies: 401
Views: 119,201
Posted By monpere
Bottom line is, whether or not a vendor trades...

Bottom line is, whether or not a vendor trades live or sim, has no bearing on how YOU will perform using that method. So, to me it doesn't matter. The vendor doesn't have to trade the method at all...
Forum: Trading Reviews and Vendors September 17th, 2012, 04:08 PM
Replies: 401
Views: 119,201
Posted By monpere
I think the discussion serves to justify or not,...

I think the discussion serves to justify or not, Felton's view on why he does not trade live while moderating his trading room.
Forum: Trading Reviews and Vendors September 17th, 2012, 01:13 PM
Replies: 401
Views: 119,201
Posted By monpere
I was checking out the room for a couple of weeks...

I was checking out the room for a couple of weeks near the end of 2011. I observed increasingly how he got distracted, frustrated, when he missed, lost, or mismanaged trades. He increasingly asked...
Forum: Trading Reviews and Vendors September 15th, 2012, 11:34 AM
Replies: 401
Views: 119,201
Posted By monpere
I understand cjbooth stopped his trading room...

I understand cjbooth stopped his trading room because he could not concentrate on his live trading, while running the room, moderating, teaching his method, and trading live at the same time. It was...
Forum: Trading Reviews and Vendors September 15th, 2012, 09:42 AM
Replies: 401
Views: 119,201
Posted By monpere
I understand not wanting to trade live when you...

I understand not wanting to trade live when you cannot fully concentrate on the trading. Can't ask a pitcher to teach you how to throw a curve ball, while he is in the middle of a game. I don't...
Forum: Trading Reviews and Vendors May 27th, 2012, 01:36 PM
Replies: 401
Views: 119,201
Posted By monpere
I was not referring to revealing one's trading...

I was not referring to revealing one's trading method. The point I was trying to make is that a few well chosen cherry picked winning signals are not enough to prove a method works. You need a...
Forum: Trading Reviews and Vendors May 26th, 2012, 02:10 PM
Replies: 401
Views: 119,201
Posted By monpere
Fully agree with your response. But, I have to...

Fully agree with your response. But, I have to comment on your attachments. Never judge a system by a few well chosen cherry picked signals. Even the clock on the wall that doesn't work shows the...
Forum: Trading Reviews and Vendors January 14th, 2011, 09:26 AM
Replies: 401
Views: 119,201
Posted By monpere
Very difficult for a system vendor with an...

Very difficult for a system vendor with an 8am-4pm trading room to also trade for a living, unless they have sufficient staff running the business and moderating the room, and most of these small...
Forum: Trading Reviews and Vendors January 10th, 2011, 05:09 AM
Replies: 401
Views: 119,201
Posted By monpere
My experience on the free trial a few years ago,...

My experience on the free trial a few years ago, is that he would occasionally show his PnL some days, not surprisingly only on positive days, but I never knew how that PnL came about, what trades...
Forum: Trading Reviews and Vendors January 6th, 2011, 09:21 AM
Replies: 401
Views: 119,201
Posted By monpere
You don't need to have a 1:1 or less reward/risk...

You don't need to have a 1:1 or less reward/risk ratio to trade divergence, With a 6 or 8 tick target, and 3 or 4 tick stop, I trade divergence with 2:1 reward/risk, and most of my entries have 3:1,...
Forum: Trading Reviews and Vendors January 6th, 2011, 09:06 AM
Replies: 401
Views: 119,201
Posted By monpere
I suspect Roger is a good business man as well,...

I suspect Roger is a good business man as well, and the thoughts that you express, I'm sure also crossed his mind. He had nothing to lose, he made an effort to defend his integrity, and in the...
Forum: Trading Reviews and Vendors January 5th, 2011, 08:33 PM
Replies: 401
Views: 119,201
Posted By monpere
What did you find so spectacular about the...

What did you find so spectacular about the Divergence Pro indicator?
Forum: Trading Reviews and Vendors January 5th, 2011, 07:28 PM
Replies: 401
Views: 119,201
Posted By monpere
Did you get permission from Roger to share the...

Did you get permission from Roger to share the indicators he uses and their parameters? As I understand it from some of his more recent free webinars, he is now using 'proprietary' indicators called...
Forum: Trading Reviews and Vendors January 5th, 2011, 05:22 PM
Replies: 401
Views: 119,201
Posted By monpere
You had a 2 hour consultation, and determined he...

You had a 2 hour consultation, and determined he is a good teacher, I can accept that. I actually took is free trial many years ago, and agree he is a good teacher and seems to be a general good...
Forum: Trading Reviews and Vendors January 5th, 2011, 04:51 PM
Replies: 401
Views: 119,201
Posted By monpere
I don't care much for extended divergences. If...

I don't care much for extended divergences. If you look far back enough on any chart, you will be sure to fool your brain in seeing an extended divergence.
Forum: Trading Reviews and Vendors December 22nd, 2010, 09:17 AM
Replies: 401
Views: 119,201
Posted By monpere
A verified statement would be good, but I think...

A verified statement would be good, but I think trading the actual methodology live or in Sim in the room in front of your students with nothing hidden is best, because a verified statement may not...
Forum: Trading Reviews and Vendors December 12th, 2010, 05:28 PM
Replies: 401
Views: 119,201
Posted By monpere
Sure, I can make a spreadsheet for you showing...

Sure, I can make a spreadsheet for you showing you I have a 100% track record, I have never lost a trade in the past 10 years. Now, give me $5000 ;) If I'm learning parachuting, I want my coach...
Forum: Trading Reviews and Vendors December 8th, 2010, 03:37 PM
Replies: 401
Views: 119,201
Posted By monpere
If you cannot trade a real account live in the...

If you cannot trade a real account live in the room, or even trade a sim account in the room so people actually see you trade your method, then you should not be teaching it, it's a scam! It's easy...
Forum: Trading Reviews and Vendors December 8th, 2010, 12:08 PM
Replies: 401
Views: 119,201
Posted By monpere
I am very opposed to trading educators touting...

I am very opposed to trading educators touting their method as the greatest thing in the world, and you will absolutely make money if you take their course, or buy their system. That is pure...
Forum: Trading Reviews and Vendors December 8th, 2010, 07:51 AM
Replies: 401
Views: 119,201
Posted By monpere
I am not a discretionary trader, I am a...

I am not a discretionary trader, I am a mechanical trader, I take every signal because I don't know which signal will work, and which will not. I rely on my system's expectancy to get me profitable. ...
Forum: Trading Reviews and Vendors December 7th, 2010, 07:15 PM
Replies: 401
Views: 119,201
Posted By monpere
I believe that all the trading education outfits...

I believe that all the trading education outfits out there are business solely geared to make profits for their owners. These educators are teaching because they can't make a living trading. I did...
Forum: Trading Reviews and Vendors December 6th, 2010, 09:58 PM
Replies: 401
Views: 119,201
Posted By monpere
I took their trial a few years ago. It is the...

I took their trial a few years ago. It is the exact same system as Trader's International. Look for price double top/double bottom, accompanied with MACD divergence, and Stochastics potential...
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