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Joel Parker's www.priceactionroom.com review


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Joel Parker's www.priceactionroom.com review

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  #71 (permalink)
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gcabrera View Post
Mike: Joel´s webpage is named priceaction room... but mainly what he teaches is Order flow and times and sales interpretation, using the reconstructed tape indicator.

Yes I know. This thread is not to discuss order flow or the tape. It is to discuss Joel as a vendor.

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  #72 (permalink)
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Big Mike View Post
If you have any experiences about Joel Parker's Welcome to the Price Action Room, please share them. I'm considering asking Joel to do an educational webinar on futures.io (formerly BMT) about trading price action and always like to do my due diligence before inviting a vendor to participate.

Mike

Good Morning,

I recently took his class on tape reading and found it informative. Without a doubt more info on the subject than a lot of people who call themselves expert tape readers; although some people have wacky ways of doing things that work for them. I do need more work on the methodology but I must also say that I have been able to catch/and or confirm strength and weakness from the use of the t/s at times. I do not believe it could hurt to have him come in to this very cool forum for traders.

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  #73 (permalink)
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Hi, I thought I'd share my experience with Joel Parker. I know I'm a little late to the party but I just stumbled across this thread.

About 2 1/2 years ago I took a week long online class taught by Joel Parker. There were 4 of us in the class. At that time Joel was teaching a strategy for trading the NQ. I will admit Joel was extremely knowledgeable about the overall workings of the futures markets and I learned a great deal from him.

His strategy was to fade fib retracements on an 89 tick chart, with a 16 tick stop and a 6 tick first target. The problem was, THE STRATEGY DIDN'T WORK. He claimed that he, and others, had been making big profits with the strategy and that market conditions must have changed enough so that the strategy no longer worked. Come on.... a 16/6 risk/reward... I don't think so.

A few months after that Joel setup a trading room for trading grains. He offered me a free trial. I wasn't interested in trading grains but I did check it out. He sent an email everyday with a very comprehensive fundamental analysis of the grain markets and charts with s/r areas marked. I only spent a few days in the room.

So, now Joel's teaching tape reading. There's an old saying: "those who can trade, do; those who can't, teach."

Anyway... that was 2 1/2 years ago. My own trading is light years ahead of where it was back then. So maybe Joel has finally found his niche.

~Mike

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  #74 (permalink)
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bluemele View Post
The tool you created is pretty cool I have to admit and hopefully something they will automatically program in as it is very very useful!

bluemele
I came across his website recently and cannot help myself to think that he sounds like, and his videos are like(the intro) from your 'friend' at NewFuturesTrading, Henry. He speaks of individuals.
from what mRoss21 says, there was a strong connection
Has anyone else picked on that? Has this been covered and I've missed it?

Also, for others, that do not care whether he does trade or not 100 contracts; it is about his honesty

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  #75 (permalink)
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dlatbm View Post
bluemele
I came across his website recently and cannot help myself to think that he sounds like, and his videos are like(the intro) from your 'friend' at NewFuturesTrading, Henry. He speaks of individuals.
from what mRoss21 says, there was a strong connection
Has anyone else picked on that? Has this been covered and I've missed it?

Also, for others, that do not care whether he does trade or not 100 contracts; it is about his honesty

Well - you would hope not as the SEC have a restraining order on Henry...

I found this looking for them...
New Futures Trading International Corporation and Henry Roche: Lit. Rel. No. 22159 / November 17, 2011


Quoting 
Roche has raised over $1.3 million from at least 14 investors in nine states through the offer and sale of high yield promissory notes purportedly yielding either 5-10% per month, or a 200% return within 14 months.

Lordy!!


Found this on Youtube...

New Futures Trading - YouTube

You gotta say - that's an epic video...

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  #76 (permalink)
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DionysusToast View Post
Well - you would hope not as the SEC have a restraining order on Henry...

I found this looking for them...
New Futures Trading International Corporation and Henry Roche: Lit. Rel. No. 22159 / November 17, 2011



Lordy!!


Found this on Youtube...

New Futures Trading - YouTube

You gotta say - that's an epic video...

Even if Joel was connected to the that group, that is not a crime and could be even beneficial. I was just amazed about similarities of mannerism in speech and video production and I know bluemele was more involved with NFT that is why I was looking for his view. The topic here is the priceactionroom.com review, as you know it, and my comments/observations, in relation to the topics are just that, nothing else.
Thanks

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  #77 (permalink)
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I am deciding whether paying a couple grand on Joel's course. If he does trade 100 contracts, it should be more than his word; it requires proof before I know he's the real deal that deserves my hard-earned money. Would I go on a date with a girl who claims to be Cinderella and no proof? Only on cyber dating!

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  #78 (permalink)
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I'm thinking about purchasing from JP, however I've not found enough promotional materials to justify the price charged. The prime reason being a personal one, that I'm not one to just throw money at vendors unless they can justify value to me.

Many vendors will often promote their product saying that its worth x thousands of $'s however that's them saying it of course they'd say that, I think to JP's credit he doesn't do that. From my review of what I could find is that this vendor teaches an interesting topic and he knows his stuff.

However, personally though I feel the publicity and structure of what I'd be buying is not advertised well enough at this point. If I'm buying education or a product I need to see it and understand it in some way in advance. Clearly it's challenging to promote education as it's less tangible software - in that you're trying to sell a methodology as opposed to a tool, however I think you can do it as other vendors in this space have done with some success.

I think what's called for is futures.io (formerly BMT) webinar!! @Big Mike is this possible?

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  #79 (permalink)
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sands View Post
I think what's called for is futures.io (formerly BMT) webinar!! @Big Mike is this possible?

No, hundreds of vendors want to do webinars on futures.io (formerly BMT). My official stance is no, absolutely not. I have made exceptions only a few times, with a "not so great" track record that makes me not want to do it again for the most part.

Mike

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  #80 (permalink)
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sands View Post
Many vendors will often promote their product saying that its worth x thousands of $'s however that's them saying it of course they'd say that, I think to JP's credit he doesn't do that. From my review of what I could find is that this vendor teaches an interesting topic and he knows his stuff.

I think the value really comes from the ability to verify that other people are making money with the system.

My two cents is that if you're really thinking about sinking the money into it, you should perhaps contact some of the people who've bought the system and see if they've been able to consistently make money through it's use. If all you see is good reviews and no ability to contact the users making the reviews it should be obvious what's going on. I've never bought a system but if I were interested that's probably what I'd do is see if others are really making money live. Just because the actual teacher is able to verify that they're making consistent making money doesn't mean that anyone is going to make money using their system if he doesn't have the ability to accurately articulate what he's doing so it's able to be replicated. So take that into account.

Take note I haven't read this thread or anything about this vendor, I just wanted to comment on this post because I had that thought about contact that might help.

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