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www.theoilmoney.com and www.eminipivottrading.com


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www.theoilmoney.com and www.eminipivottrading.com

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  #11 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
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sidney7g View Post
I hate get rich quick trading schemes, It takes the art out of trading. Someone trying to sell you a system is ludicrous considering if they really made a lot of money with it why need to sell it. Good systems should be kept private and only told to the deserving. but hey, if it adds more liquidity to the market so be it.

was checking if oiltradingacademy channel on youtube was still gone which thankfully it was, and
found "theoilmoney" which popped up.

I went to the theoilmoney.com and immediately saw the ludicrous, amusing marketing video and the dubious link to "click here" no doubt to get one signed up to affiliate marketing ad signups. sad.

https://theoilmoney.com/

Anyways, looks old and retaking the OTA vacant space now on youtube.

edit: here's the (few amusing minutes of a Sun. afternoon) youtube video: https://www.youtube.com/watch?v=9tgaZEuSU8o

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  #12 (permalink)
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
Thanks: 44 given, 102 received

Scott is a marketing guy that puts a lot of videos together and lots of marketing lingo in trying to sell everything from memberships, to software packages, to 1 time only coaching etc. He is formerly a marketing guru peddling real estate investing which he will tell you he made millions and then eventually lost it all. I think he actually briefly explains that in a video and you can find his old company online and some not too happy clients with him... Anyway... It is online stuff and you can't always tell what the real story is so will leave it at that.

Somehow, he stumbled onto trading, and trading oil specifically, though I think he may do other stuff on occasion in his latest version of what he is up to. When he first started theoilmoney, it was to get as big of an audience as possible and then eventually convert them to paying more and more money for products and services which is typical of an internet marketer, or any marketer. If you see his early stuff, it is apparent he had no idea what he was doing. However, eventually he latched onto a guy that actually does seem to have strong knowledge of the markets as far as technical analysis and so forth and Scott has since focused ALL if his efforts in promoting Aldo and his talents.

Aldo LaGrutta is a world class guitarist that seems to have worked hard to understand trading the markets in recent years. I have followed what has been going on since Scott hooked up with Aldo and what has happened is they have gone from running various marketing seminars and videos to push everything from packaged video training, to selling someone else's software, back to general video training, to I believe leasing their indicators (look like anything else you can find here for the most part) and paying a monthly fee to be in their room where general discussion goes on with general market comments, and now he is offering a ONE TIME ONLY personal coaching for 6 months for those willing to pay a chunk of change for it. I don't know how much but I am sure it isn't cheap.

The last update I got, which was today, basically says Aldo is going back on the road to do concerts after this ONE TIME ONLY personal coaching offer so folks need to GET IN ON IT. If I had to guess, I don't think this is taking off as they hoped it would as the content just isn't there to justify what they want to charge etc. It is a hard market to break into and make money as far as selling subscriptions or software etc. I think you have to be a VERY strong personality and marketer and I am not sure Scott and Aldo fit the bill.

Personally, I think Aldo does decent job of understanding trading and technical analysis. I would say, from what I have observed, he has about 50 different things he will teach you from patterns, ABC123 analysis, EMAs, RSI, divergence, some MACD, maybe FIBS and a number of other aspects of trading. It is A LOT of stuff and like anything, so much stuff can be overwhelming AND, the information can be ALL be derived here, on futures.io (formerly BMT). Of course, the difficulty with futures.io (formerly BMT) is thousands and thousands of pages of information to have to sort through but futures.io (formerly BMT) also has videos from various trading gurus which is VERY helpful etc.

At the end of the day, Scott is trying REALLY hard to use his marketing background to make a nice living peddling Aldo as well as a few others over time and I WILL say what he is peddling NOW is FAR different than when he first started which was a joke. So I WILL give him that.

If you have ANY experience trading and a good knowledge of various kinds of technical analysis, you probably would learn little. If you are NEW, I am sure you would learn a lot. The question is the cost of what it would take to learn it.

Also, it is my understanding he does NOT call out trades in the trade room... Just general analysis and observations. Like oiltradingacademy, Scott DOES use the technique of occasionally showing an after the fact trade and shows it in a video to impress upon you how easy it is but of course, it is after the fact and it isn't very often, which is like everyone else does.

If you want to pay for something, I don't think this is a bad thing and if I am not mistaken, and this could have changed, he might let you in the room for a week or two for free. I am not sure if he changed that or not. He may have.

Anyway, all of his stuff is now under:

eVolution Trading Protocols |

I thought I would let you know in all fairness a lot has changed over time with Scott Morris and what he is doing and I think Aldo is pretty sharp but it is up to you whether you think it would serve you. Scott is just a marketer and I actually think he would admit that if asked.

For me, it is nothing new BUT I have been learning for a few years now so like so many of you here, there is RARELY anything new someone is peddling.

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  #13 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,368 given, 1,707 received


Thanks Kujo. That update was very informative and up to date. If Scott Morris' story is true about losing his real estate empire in the 2007-8 crash I can somewhat sympathize because I know of a friend whose father lost a billion in today's dollars total in real estate(mid 20th century) in a bad big project deal who died soon after heartbroken.

I know little about classical guitarists although I have a little background in classical, but I respect that they are highly skilled performers in the traditional acoustic guitar way. Would be a shame if Aldo is famous and world class musically talented yet involved in something that is truly a scam (if it is).

I see what you mean about the common NT looking indicators. In the quick intro video, there is a flash of instructions where one is supposed to "follow to the letter" where for a moment says buy/sell on this blue/yellow dot or something. A lot more evolved than the old theoilmoney.com videos. Now there is talk of discipline and precision etc.
I agree the old youtube videos look like a joke

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  #14 (permalink)
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
 
WilleeMac's Avatar
 
Posts: 687 since Jan 2012
Thanks: 309 given, 613 received

Here's his latest gig

Joint Venture ? iSCALPER

Attended a webinar today

It was so so, I'm not interested

-Bill

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  #15 (permalink)
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
Thanks: 44 given, 102 received


WilleeMac View Post
Here's his latest gig

Joint Venture ? iSCALPER

Attended a webinar today

It was so so, I'm not interested

-Bill


He has touted so many products now he is like just an infomercial guy touting whatever he thinks he can make money on. His last email is touting investing in actual previously producing oil wells! What will be next?

-----Original Message-----
From: theoilmoney@getresponse.com [mailto:theoilmoney@getresponse.com] On Behalf Of The Oil Money
Sent: Friday, January 09, 2015 12:01 PM
To: xxxxxxxxxxxxxxx
Subject: In every Bust there is a Boom $$$$

This Yahoo article below that just came out today spells out exactly why the projects available through EnergyFunders.com are so awesome.

Energy Funders doesn't mess with "drilling"
or "exploration", only existing "producing" wells.

So, as oil prices remain low, more over extended producers will go broke leaving more superb opportunities for us to scoop up an get rich on.

Even at $40 a barrel we are profitable with the deals at Energy Funders.

Read this article and open your eyes, and get the information you need to join the fun.

Call Casey now at xxxxxxxxxxx or hit the web site at https://energyfunders.com/ and get registered.

A year from now I will be getting regular checks from my oil investments, will you join me?

Scott

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  #16 (permalink)
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
 
WilleeMac's Avatar
 
Posts: 687 since Jan 2012
Thanks: 309 given, 613 received

@Kujo

Thank you

++++++++++++++++++++++++++++++++++++++++

This is not directed at you

"Even at $40 a barrel we are profitable with the deals at Energy Funders."

#ICALLBS

-Bill

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  #17 (permalink)
Rochester, NY, United States
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 6 since Dec 2012
Thanks: 8 given, 0 received

His "Newest" indicator is pivot scalper... Looks interesting to say the least... here is a screen shot from his page

not sure what that bottom indicator is... i hate not knowing how things work... black box etc

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  #18 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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SirNicolaus View Post
...

not sure what that bottom indicator is... i hate not knowing how things work... black box etc

stealing ideas, look and coding from here, no doubt.

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  #19 (permalink)
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 757 since Apr 2010
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Guys i used the oil money pivot scalper and its a scam ...Not sure how Ninja Trader allows such products to be associated with them.

It is nothing but a simple HL and LH indicator...your losses will be huge. Dont trust Scott as he will promise you everything but never do anything. He is a failed trader who takes videos in hotel lobbies and pretend that he is sitting at his home...

His system is useless and no different to any other snake-oil salesman trying to take money off poor traders..Run away as fast as you can...Scott ..you are a failure and will remain that way and you will continue to rip people off...that's your DNA...

Ray@ NinjaTrader you need to be more responsible in selecting your vendors....quality matters Ray and seems like you take on anyone who moves...


Sharmas

Attached is a chart and you can see the signals are not based on any Pivots.... plain old HL and LH....

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  #20 (permalink)
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
Thanks: 44 given, 102 received


I will give Scott this... If you have listened to him enough and been on his list, he will at least ADMIT in his words, in between all the other stuff he says, he is a professional MARKETER. Marketing in our world by definition is someone who dramatically stretches the truth to get sales for a product or service. It is the very nature of marketing. He is actually not a bad marketer and if you are not used to seeing snake oil salesman, you want to believe he is sincere in what he is doing but if you have watched him over the last several years, the product keeps changing and so do the vendors and that will only continue. Trading is a venue where desperate people will always be looking for a magic bullet and as long as people put up videos showing successes after the trading day is over, or old charts and mark them up and show what WOULD HAVE HAPPENED on this particular day on this particular instrument and make it sound like it is like that EVERY single day, there will be buyers.

There are so very few that seem transparent and would appear to be excellent traders but it seems in those cases, which are so very few, it is near impossible to follow or learn because while they say then can TEACH YOU, what they do is more arbitrary than a real method in the end.

Finally, if you are an excellent trader with a great method, the question always begs, why would you work SO HARD to sell your system? If you know where the pot of gold is, why would you work SO HARD to sell maps to show everyone else?

Anyway, he is entertaining but it is just so difficult to find real people doing REAL stuff in this business

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