fasttraxs 

Does anybody know what he uses as pivots. I watched his pivots a while back in his room and they were strong to trade off,but never could figure them out. Fasttraxs

Yep man,sometime strong,sometime no.This dude wierman,kiked me out,and blocked my IP.(His scamer).If you want stay in trade room,don't pay any money,you can get free trial as long as you like,just change email box.I did it many times.lol

He is scammer.

I have a friend who loves this room. I haven't tried it as his site seems so "busy" and I like to keep things simple. I do have a copy of his Daily Trading Plan which I will try to attach here in case anyone is interested. Apparently you need to buy his "proprietary" indicators which is another turn-off for me.

I don't see anything on his charts that aren't available on futures.io (formerly BMT) for free for Elite members.

example... look @Fat Tails Pivots ( His indicator..... not his dancing... )

There was a charismatic trader on futures.io (formerly BMT) who talked about trading off of "W's" and "M's" ... oh, wait ... that was me ... please disregard this for shameless self promotion...

IMHO... save the $500 per month... become an Elite member of futures.io (formerly BMT) and read the threads ... you will be $$$$ ahead...



Disclaimer: This post does not represent the view point of the owners, managers, or moderators of this web site and is not intended as a slam against any moderator, board member, any banned former members whose name we dare not say, any other living person, any recently living person or any person or persons whose status we are not sure of and especially not for any platform vendor with a questionable product and a pit bull lawyer. This post is meant purely for entertainment and should not be confused with a real thought.

I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar. Even though I have an opinion on every subject under the sun, I do not give financial advice. Nor should I be held responsible for feeble attempts at humor at your expense.

I am an Elite member of futures.io (formerly BMT) but am not an employee of or a spokesperson for futures.io (formerly BMT) and receive no compensation for recommending futures.io (formerly BMT) Elite membership.

Hi TMFT,

I am an Elite Member. There is a ton of good stuff in the Elite section as you said. My problem is there is so much info that I have information overload and don't know which direction to go. I don't like a ton of indicators and I have given up on scalping as I want something with a positive reward to risk so I don't have to have a huge winning percentage. Sigh. I keep jumping around now.

BeachTrader 

Hi TMFT, I am an Elite Member. There is a ton of good stuff in the Elite section as you said. My problem is there is so much info that I have information overload and don't know which direction to go. I don't like a ton of indicators and I have given up on scalping as I want something with a positive reward to risk so I don't have to have a huge winning percentage. Sigh. I keep jumping around now.

You may want to read my journal from time to time " day trading crude without indicators". You may find it helpful if my trading method matches with your personality. I trade my own account and have nothing to sell or promote. I am just a retail trader. The way i talk about Mark Fisher and Jim Dalton books, some may think i am their promoter (lol).

If you like wave counts, Fib. numbers etc.. Gary D journal gives you that style of trading " Catching the big wave".

mfbreakout 

You may want to read my journal from time to time " day trading crude without indicators". You may find it helpful if my trading method matches with your personality. If you like wave counts, Fib. numbers etc.. Gary D journal gives you that style of trading " Catching the big wave".

Thanks for the invitation . I enjoy trading Crude too. I will follow your journal and check out Gary's too to see which of those mesh well with my personality. Appreciate your help.

BeachTrader 

Hi TMFT, I am an Elite Member. There is a ton of good stuff in the Elite section as you said. My problem is there is so much info that I have information overload and don't know which direction to go. I don't like a ton of indicators and I have given up on scalping as I want something with a positive reward to risk so I don't have to have a huge winning percentage. Sigh. I keep jumping around now.

@BeachTrader

I understand your frustration. There are no simple answers... only simple traders...

There are so many trading systems out there than you can't throw a dead possum without hitting one ... and most of them stink worse than the dead possum ...

Any system that works has the following:

1. You need some way to determine when to go long or short. Pick out an arbitrary indicator or group of indicators that say ;Under "This condition" Look for Longs only or Look for shorts only. example: Pick an indicator and only look for longs above it or shorts below it.

2. You need some unambiguous method of determining when to get in and when to get out. example; Set Targets and Stop Loss , when an arbitrary indicator moves against your position etc.

3. Once a basic framework is established, determine if winning percentage can be increased with additional filters. Just so you know, if you add "enough" filters you will never lose money... because you will never get a consensus to enter a trade....

Find what works for you. There are many successful traders on futures.io (formerly BMT) that I could not trade their methodology even though it works great for them. I have never found a "one size fits all" trading strategy.

Good Luck in your quest!

What is daytradingthefutures.com?

At first sight it is a not very professional website, which has lots of colours and some confusing charts. There is a YouTube Channel and you can watch some videos. There is little value in those videos, many of the comments are outright false and show that the presentator has not even understood basic concepts.


The internet is a lovely place

Then you may also lookup the domain in WHOIS. You will then see in whose name the website is registered. Take that name and address and you will then end up at Mugshots - Mugshots.com - Find Mugshots Online. Official Records, Criminal Records, Arrest Records and find out that the website owner was convicted for sale, manufacture and delivery of cocaine, crime committed back in 1994. He is now under parole state supervision until 2021, as you can see on the website of the Florida Department of Corrections. I am not including links with respect to privacy.


The United States, once the world's model democracy has muted into a police state

Honestly, my sympathy is with that guy. He has committed a crime 20 years ago and this is still haunting him today, because he is unlucky to live in a police state. And he does not make enough money with trading to pay Mugshots - Mugshots.com - Find Mugshots Online. Official Records, Criminal Records, Arrest Records to remove his record from the website. I understand that MugShots is a website with a business model based on legal blackmailing.


No, the internet is a jungle

If you do not want to take the risk of being a trader, you just create your own website and sell whatever is possible. I think that the principal motive of traders to open trading rooms is that

-> they do not have the skill set required for trading
-> do not have the risk management tools to avoid the downside risk of trading
-> and therefore settle for a low risk business (little cost, but irregular income)

I am a bit tired of bashing all those websites longing out for the money of fools and inexperienced traders. In the end trading is a zero sum game, so it is all about entertainment. And if you buy those indicators or advice from any of these trading sites, you do get what you pay for: entertainment. I guess it is still better than a blackmailing business such as MugShots.

Poor America, where are you heading for? It is not so much different from George Orwell's Oceania.

Sehr gut Fats...post of the year for me.

Can I have the rights to that post? so I can copy and paste it again if the situation arises here and elsewhere?


'Poor America, where are you heading for?'




After 911 its been a free for all with our rights as citizens,internet identity theft,phishing etc etc

this chap is going south to the Caribbean in due time to resolve some of that....less is better.