The Intentional Trader - Tony Peterson (www.theintentionaltrader.com) - futures io
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The Intentional Trader - Tony Peterson (www.theintentionaltrader.com)


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The Intentional Trader - Tony Peterson (www.theintentionaltrader.com)

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  #1 (permalink)
 Keithh 
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Any one have any experience with this outfit:
Day Trade with Intention

There's some reviews on forex peace army and investimonials, but they read as a bit too promotional IMO.

Their trade room performance page shows a 75 - 85% win rate.

The indicator called speedtick caught my interest as it measures order flow. Anything similar on futures.io (formerly BMT)?

The strategies used look to be a mix of support and resistance, overbought/sold, and trend pull backs.

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  #3 (permalink)
 bugsbunny 
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The Heads Up indicator looks interesting..

Bugs

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  #4 (permalink)
 stifland 
Belcher, LA
 
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I have been with Tony for about 15 months. You won't find a more honest or hard-working guy(vendor) out there IMO. I have been thru the mill with many of them. Tony helped me turn 10 years of losing into consistent success. his indicators are different and signals easy to see, but more importantly he teaches patience and waiting for them to setup. I think he has gone to a trial for a small fee to get a look at the room, but I can vouch for the accuracy of the Trade log. Hope this helps.

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  #5 (permalink)
 forrestang 
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I was in this room for a few months at one point. As mentioned above, Tony is a really great guy, and at the very least he IS willing to spend ample amounts of one on one time with participants of the room. So one thing I would never say is that there is a lack of support.

He has some interesting ways of trying to coach one into success. Namely attempting to get one used to the idea of winning, by attempting to get you to have 'winning days.' No matter how big or small. Not a bad way to look at things. As mentioned above, he really does preach about PATIENCE.

There was also a detailed trade journal the user filled out every day. And Tony would even go through and make comments on your performance at the end of the day.

But..... in the end there is nothing special about any of the indicators or the system that runs in the background. You can simulate similar trading results by putting together some system on your own. Also, the fills the strategy takes aren't realistic, as it fills once the target is touched, when YOU likely will need a tic through it to get an actual fill. I say this at the time I was using it, things may have changed by now? (They were using TS during the time I was there)

Also, with the trade performance, you have no actual way of knowing whether or not this is ACTUAL trade performance of the head trader. The trades are never commented on prior to the trade being taken, only AFTER the trade has either closed or well in profit. So I was never able to really believe it for myself. So with that aspect of it, it is like every other trading room I have ever been in.

When I was there, the system was that of a small target with a bigger stop. There were also no real concrete rules, so this IS a discretionary system. You still pick which signals to take. In the end, it is up to the user to really figure out a way to make it profitable. And with that, just like everything else, imo there really is no point in paying for it.

I don't know what it costs now, but the time I was there imo it was really expensive for what you get out of it. In the end, I would suggest that the guys are really nice people that produce a good atmosphere as far as trading goes, and if it where free, I'd probably hang around. But if someone asks me if I think it's something worth paying for, I would say "No Way."

----EDIT----
Also let me append to my comments with, just because I didn't find value in it doesn't mean someone else won't.

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  #6 (permalink)
 TPeterson1055 
Woodstock
 
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Hi Forrest. Thank you for the kind words and I am glad you remember me and the folks from the room fondly.

I rarely have time to read or write in forums but a room member brought your post to my attention and felt that it was inaccurate in many ways. I hope you don't mind if I straighten out some of your mistakes or out of date information. I encourage you to revisit our trade room or attend one of our training sessions or webinars in the near future so that you can write reviews based on current information. I do not believe you are doing justice to the good folks here that are looking for an informed opinion.



Quoting 
But..... in the end there is nothing special about any of the indicators or the system that runs in the background. You can simulate similar trading results by putting together some system on your own. Also, the fills the strategy takes aren't realistic, as it fills once the target is touched, when YOU likely will need a tic through it to get an actual fill. I say this at the time I was using it, things may have changed by now? (They were using TS during the time I was there)



Forest, we have multiple indicators that were written in house and exist NOWHERE ELSE. True that we use support and resistance pivots and have created a new set of them to help make our trade setups easier to see and trade. But we use the same algorithms that the rest of the industry uses to produce the lines. Our Intentional Entries, SpeedTick, Ricochet, Pull Back Alert, and several others are unique and cannot be just "put together" to create anything remotely similar.

The strategy fills are NOT INTENDED, nor where they EVER INTENDED, to be a signal generator that you just blindly trade. The strategy (now known as the Intentional Entries because of this misunderstanding by you and a few others) is a collection of indicators that generate a buy/sell signal when they are all in confluence. This signal is then qualified using support and resistance to make sure that you are not trading right into a strong line. I take full responsibility for you not knowing or understanding this. Honestly, I do not know or understand how you could have been in the room for a couple of months and not heard that a few dozen times. It was my job to make sure that everyone knew how to trade the IE, and on this apparently I failed you.



Quoting 
Also, with the trade performance, you have no actual way of knowing whether or not this is ACTUAL trade performance of the head trader. The trades are never commented on prior to the trade being taken, only AFTER the trade has either closed or well in profit. So I was never able to really believe it for myself. So with that aspect of it, it is like every other trading room I have ever been in.

It has been nearly a year since you were in the room so again your information is extremely out of date. You might go to our website and go to the videos tab. There I have full days of trading posted, raw and uncut just as if you were sitting in the room with us. I do not review or edit these videos as I do not have time. They are simply to let people get a feel for how we call trades out and see that I do call them out before hand, will talk through the trade as I can, and go over the trades afterwards. My online trade log is live and many of the room members have it up on their screens to compare my trades to their own. If I EVER shilled a trade and lied about entry or exit, they would crucify me on the spot. So there are dozens of people that will disagree with you on this.



Quoting 
When I was there, the system was that of a small target with a bigger stop. There were also no real concrete rules, so this IS a discretionary system. You still pick which signals to take. In the end, it is up to the user to really figure out a way to make it profitable. And with that, just like everything else, imo there really is no point in paying for it.



Again this is a failure on my part. We have, and have ALWAYS had concrete rules. I think a visit to our videos (or webinars tab) or trade room will help clear you up on that. You might pay special attention to the video on risk level.

Yes, this IS a discretionary system. Yes, I do not push the button for you so obviously you will pick which signals to take based on your own level of risk and experience. If you were looking for a signal service I am not sure why you stayed for as long as you did. We teach people how to trade our system and provide indicators for them to use that they would otherwise have to purchase from us and install and use on their own computers. I guess that is what people pay for. BTW...most of the traders that were in the room when you were there a year ago are still there...and happily paying each month.


Quoting 
I don't know what it costs now, but the time I was there imo it was really expensive for what you get out of it. In the end, I would suggest that the guys are really nice people that produce a good atmosphere as far as trading goes, and if it where free, I'd probably hang around. But if someone asks me if I think it's something worth paying for, I would say "No Way."



Well I definitely cannot have issue with the your opinion of the atmosphere and again, thank you for your gracious compliment. I think though, that the folks here at Big Mike's deserve an informed opinion based on current information. Yours is nearly a year old, which really does not help anyone. You have helped me however. I MUST do a better job of explaining some things that maybe you did not understand. There is a good chance there were others that did not understand that were not as forthcoming as you were and I hate that I may have failed them as well. I am forever trying to get better at my job and I will take this information and use it to improve my teaching skills.

I wish you nothing but great success in your trading.

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  #7 (permalink)
 forrestang 
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Initially, I was going to respond in a different way, particularly to all the apparent 'mis-truths' I must be shouting, and to all the insults that you were trying to pass off in a more..... how can I put it, tactful manner.

Part of the ROE here is not to personally attack other members, or respond in an way that may construed in an overtly negative way to others. I can already see how this thread will go.

So I will simply say, MY review and what I got out of the room is posted. I'm sure some of your other members will chime in about their satisfaction. As I mentioned above, just because I personally didn't find any value, doesn't mean others won't.

So again as I said in our chats recently, I wish you the best, and I am glad you have those that are happy with your service.

Forrest

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  #8 (permalink)
 Keithh 
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Thanks for the replies. I checked out the room for two weeks on a trial.

I like Tony’s approach to trading and think it’s a good room to learn how to scalp. His teaching style is pleasant and his system does find winning trades. I kind of figured out what the indicators where showing… no real secrets there IMO. I do like the way they show on the bar. All too often in my trading I’ll miss a condition on a sub window indicator, but with Tony’s indicators it's more obvious.

The indis are for NT, so not something I can benefit from having switched to MultiCharts.

Overall I picked up a few new ideas that I hadn’t considered before, so it was worth the time spent.

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  #9 (permalink)
 DBraun126 
Atlanta, GA USA
 
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TPeterson1055 View Post
You might go to our website and go to the videos tab. There I have full days of trading posted, raw and uncut just as if you were sitting in the room with us. I do not review or edit these videos as I do not have time. They are simply to let people get a feel for how we call trades out and see that I do call them out before hand, will talk through the trade as I can, and go over the trades afterwards.

Tony, can you point me to the link where I can see the full day videos you refer to here? I did not see it at your site.

Thanks, Dennis

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  #10 (permalink)
 Big Mike 
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DBraun126 View Post
Tony, can you point me to the link where I can see the full day videos you refer to here? I did not see it at your site.

Thanks, Dennis

Send a private message, vendors are not allowed to post such links on the forum.

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  #11 (permalink)
 DBraun126 
Atlanta, GA USA
 
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I decided to go ahead and sign up for a month trial in The Intentional Trader's trading room, and (after that time elapsed) have now signed-up for a second month there.

I've tried several trading rooms with varying approaches over the past few years, but I've not found one better than this. Tony's indicators are unique in displaying the confluence of indicator-signals he looks for right on the price chart, and he is very disciplined about - and teaches - "waiting for the bus," as he puts it. He doesn't trade market opens or news.

Sometimes a potential set up will present itself, but he explains why he's NOT interested in taking the particular trade.

In my month in the room so far, I've observed that he's very willing to spend extra time and effort with individual participants, making himself available evenings on Skype for example, and as for his trade log, he only posts the trades that he calls in advance. I have found this to be consistently true, but occasionally price will move too quick to announce beforehand, and he doesn't post those trades. That doesn't happen very often, though, usually he'll tell you what he's watching and why.

So, that's been my experience in IT's trading room so far. I had been following his trade log for a while beforehand, and I'm glad I finally decided to check his room out.

Dennis

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Daytrader50
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I was just on his website and it sickens me to have to pay for a "trial." If it aint free it aint a trial!!!Especially in a chatroom that costs nothing to add in more people. Big red flag. What Im going to do is write to him and tell him how I feel and if he will give me even one or 2 days, I will rescind what I just said here. And after reading all the posts on this thread, I still dont know what any of what anyone wrote has to do with "the price of eggs" if you get my drift. Most useless vague thread I have encountered on Mikes . Sorry Mike, yuh cant bat 100% all the time. =)

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 sam028 
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I can't comment the quality of the room or the vendor, my comment is only the trial.
What I see myself (I also offer free trial for my VPS business), it has a cost to offer a trial, it's not only an additional slot in the room. The vendor has to communicate with the guest, and follow him, so it takes some time.
I don't know for trial in a trading room, but in my case maybe 30% of the guys trying the service offered do not answer to email (when I'm asking if they want to continue as regular customers), not a single "no thanks", so it can be hard to show some respect to people who do not respect the time spent, for free.
So I can understand the "not free trial" idea (and may use it one day myself).

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 DBraun126 
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Daytrader50 View Post
I was just on his website and it sickens me to have to pay for a "trial." If it aint free it aint a trial!!!Especially in a chatroom that costs nothing to add in more people. Big red flag. What Im going to do is write to him and tell him how I feel and if he will give me even one or 2 days, I will rescind what I just said here. And after reading all the posts on this thread, I still dont know what any of what anyone wrote has to do with "the price of eggs" if you get my drift. Most useless vague thread I have encountered on Mikes . Sorry Mike, yuh cant bat 100% all the time. =)

No need to decide for sickness.

I DO find it curious though, that you only would value what the giver doesn't.

Your wanting something for free doesn't mean the value isn't there - only that you don't see it.

Dennis

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 yumcha 
Sydney , Australia
 
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A webinar plus 3 days into their trading room , a special and equipped with due diligence that includes this forum I've decided to join Tony's merry band of traders.
The day trading setup is pretty neat. The confluence of standard indicators -RSI for oversold/overbought ,RSI for divergence, Floor pivots and EMA for support resistance and proprietary versions of Volume Analysis plus speed - all in the main chart (That's right-no sub charts!). Price action then triggers the trade!
Educational materials are excellent. It's like an immediate ROI on this alone.
For yumcha,It's the start of another journey following a long list of failed ones. Whether he has learned his lessons or not remains to be seen. But he is positive and hopeful that he'll finally find signs of his Holy Grail on this one. Who knows? This journey might be interesting enough worthy of a futures.io (formerly BMT) journal!

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 DBraun126 
Atlanta, GA USA
 
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Let me add something to also consider in making an informed decision:

Tony posts his daily results on his site (though I notice the dollar amounts have been removed).

Take the time to calculate these results - then subtract commissions and the monthly cost of being in the room.

What's left is what will be YOUR actual net - assuming, of course, you get in and out at the same prices Tony does.

You may also notice that certain trades that Tony does are more consistently profitable than others.

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 yumcha 
Sydney , Australia
 
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hmmmm.. two weeks paper trading this one....
The good news? The indicators work. They do the job better than my expectations!
The bad news? Hardly doing a Break Even. This old dog is struggling learning the tricks of the trade( as expected)!
Overtrading, bad timing, bad habits etc -just too many demons to exorcise!
But Yes! Yumcha is more positive now that his 'AHA! moment' will still come. Imagine, when that happens-!

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 BeachTrader 
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Hang in there Yumcha. As a former student of Tony, I recommend you focus on taking only the most conservative trades while you are learning Tony's system. Also, practice with Market Replay. A lot! It really helps your timing with the FT type trades especially. I still use many of his techniques in my trading today.

Good luck!

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 yumcha 
Sydney , Australia
 
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Thanks BeachT, that's very kind of you.
I need that!
regards

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 yumcha 
Sydney , Australia
 
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An interesting 3rd week it was.
Slightly better than break even on paper trades plus trial rounds of actual hand to hand combat vs the DAX. Unexpected but sweet, is it possible or could it be that yumcha has finally ....Nah , too soon...

...my last post on this sbj...

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 dwest 
phoenix, az/usa
 
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I watched one of the Tony's presentations over a year ago and tried one of their free trial indicators, since then I have received endless Emails, I have unsubcribed from receiving emails (several times), but I still get them sometimes 3-4 per week. Tony.. If you read this...Please remove me from your email list.

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 Big Mike 
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dwest View Post
I watched one of the Tony's presentations over a year ago and tried one of their free trial indicators, since then I have received endless Emails, I have unsubcribed from receiving emails (several times), but I still get them sometimes 3-4 per week. Tony.. If you read this...Please remove me from your email list.

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  #23 (permalink)
 cory 
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dwest View Post
I watched one of the Tony's presentations over a year ago and tried one of their free trial indicators, since then I have received endless Emails, I have unsubcribed from receiving emails (several times), but I still get them sometimes 3-4 per week. Tony.. If you read this...Please remove me from your email list.

unsubscibe just alert them your email is valid, set rule to send their email straight to junk pile instead.

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 TPeterson1055 
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It is our intention and understanding that we are in full compliance with the FTC's CanSpam program. In fact, we have people subscribe and unsubscribe successfully from our newsletter list every day. I am sorry that you are having a problem. Typically the only time this happens is when someone tries to unsubscribe from their cell phone email application. That sometimes looks for your cell phones email address which is different than the email address that you are trying to unsubscribe. However, I would like to investigate this matter personally, but I will need the email address that you are trying to unsubscribe from.

We never want to intrude on anybody's privacy and only want to send email to people that want to receive it. If this happens again, a personal email to me will insure that you will be removed. My personal email address is IT@TheIntentionalTrader.com.

Tony Peterson
The Intentional Trader

If you have any questions about The Intentional Trader, please send me a Private Message.
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  #25 (permalink)
 pilotui 
Oklahoma City OK/USA
 
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Anyone out here bought this indy?

The Flash - The Intentional Trader

I would like to know if it is reliable.

Thanks

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  #26 (permalink)
 nicktummers 
San Antonio, Texas
 
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To answer your question, yes, the flash works and it works very well and very consistently. I have been using the full suite of indicators offered by the IT group since mid-March, 2014, and together with the trade room, it has turned my trading around completely. Sometimes they offer week-long free access to the trade room so that you can see the system in action and also learn about how different traders are using the indicators to help them make trading decisions. Hope that helps.

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  #27 (permalink)
 mlarocco 
East Greenbush, NY
 
Experience: Intermediate
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Broker: Broker - AMP Data - Rithmic
Trading: CL, FDAX, TF, YM, NQ
 
Posts: 40 since Mar 2011
Thanks: 4 given, 42 received

I have been using the Intentional Traders indicator package since early March 2014. I have been very pleased with the indicators but more importantly, the approach they have to trading. The Flash indicator is very accurate in showing a potential market retrace (it's a divergence indicator) and when combined with the other indicators, gives you a REAL edge in trading. I think it would be worth your time to request a trade room trial and you can see for yourself how they trade and how the indicators work.

Hope this helps answer your question.

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  #28 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
Posts: 958 since Feb 2010
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i received a lot emails from them too, very annoying, just unsubscribe!!!

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  #29 (permalink)
 Bramhall17 
Manchester UK
 
Experience: Intermediate
Platform: NinjaTrader 7
Trading: ES NQ + Weekly Options
 
Posts: 25 since Nov 2010
Thanks: 22 given, 12 received

As a matter of interest do they major on time based charts for their scalping or Tick/Renko/Range etc ?

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  #30 (permalink)
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
 
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Bramhall17 View Post
As a matter of interest do they major on time based charts for their scalping or Tick/Renko/Range etc ?

The method and trading room are time based. We use 1 minute charts. The indicators can work on any time frame however.

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  #31 (permalink)
 Tymbeline 
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
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On each of the first two "independent reviews" websites I've looked at, the most glowing review of this service was posted by someone called Praveen, and I notice from The Intentional Trader's own website that apparently someone called Praveen also works for them, and indeed has an email address at their domain provided as a resource for members having problems.

Maybe a coincidence, I suppose? Or perhaps at the time of posting those reviews, Praveen was simply a loyal and enthusiastic customer, and was subsequently offered a job with the company? No commercial trading vendor would plant any deceptive or incentivised reviews on the web, to try to counterbalance some of the really bad reviews they also get, right? You can imagine what kind of impression that would create. Or maybe a malicious competitor "planted" those reviews specifically to try to create that kind of impression (or is that "too deep"?)?

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  #32 (permalink)
 DrRumpy 
Canada
 
Experience: Beginner
Platform: MetaTrader
Trading: Currency
 
Posts: 45 since May 2014
Thanks: 25 given, 32 received

It's much more incentives than that. I did the trial as well, over a year ago I think. Pravin is the early morning room host and I think he does tech support as well. However, he was a room client at one point and he was still trading when I did the trial. Super nice guy. So is Tony. And I think he's Ho est as well. I believe the I at system works bUT it is very conservative.

Tony put me in touch with existing clients who said nothing but good things. Some of them have modified the system to their needs and are more agrees I've and still successful. I think one of the things Tony focuses on is accountability and practice. Those are not bad things but membership is not cheap either.

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  #33 (permalink)
 Tymbeline 
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
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DrRumpy View Post
I think he's Ho est as well.

If you think that, do you also think he should edit the "independent, objective reviews" he's had published on the web to mention that he's also an employee of the company, so that they don't appear deceptive in intent?


DrRumpy View Post
Tony put me in touch with existing clients who said nothing but good things.

Naturally - would he really give out the contact details of people who might say the type of "bad things" that some online reviewers have mentioned?

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  #34 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Tymbeline View Post
If you think that, do you also think he should edit the "independent, objective reviews" he's had published on the web to mention that he's also an employee of the company, so that they don't appear deceptive in intent?

I had signed up for Tony's room many ago and Praveen was one of his early students. So was Lisa. I know Praveen wrote a review on Investimonials back then. He did not work for Tony at that time. And Investimonials is an independent site so I don't think he needs to go back in time and amend early reviews he wrote as a client just because a few years later he joined them as an employee. Now if you are talking about a Praveen review on the actual IT site, then I agree it would make sense to put that caveat in.

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  #35 (permalink)
 DrRumpy 
Canada
 
Experience: Beginner
Platform: MetaTrader
Trading: Currency
 
Posts: 45 since May 2014
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Tymbeline View Post
If you think that, do you also think he should edit the "independent, objective reviews" he's had published on the web to mention that he's also an employee of the company, so that they don't appear deceptive in intent?



Naturally - would he really give out the contact details of people who might say the type of "bad things" that some online reviewers have mentioned?


I hear you, man. You are preaching to the choir for the most part. I've paid my dues in sucker tax, but I made those mistakes. My point is that Tony is the best of a bad lot. Is his marketing copious and suggestive of an elusive dream? Yes, I think so. I think he's better and more realistic than most.

What's really interesting is the existing customers I spoke to. It was _because_ of those conversations that I never signed up. It's tough because I don't want to say too much, but one person was successful because he adapted Tony's approach and from his feedback, out performs IT.

His compliments for Tony were about the mantra to be patient, to make and follow the plan, to execute this approach flawlessly. In essence, more a coaching for that specific customer who was already more successful trading than his teacher. I witnessed this message in the room myself.

Another IT client I spoke to trades nothing like Tony. He returns to the room for the environment and messaging as well. There's a lot more I could say on this particular topic, but I cannot.

What I left with was Tony is an honest guy. He actually trades but is extremely risk adverse. His coaching and messaging is constructive and helpful. Even for people that don't trade his system. I personally felt after the trial is too much money for what I would receive. I'm past the indicator thing now so I cannot rationalize spending ridiculous money for them.

Like buying the best wrench will turn me into a plumber and impart the knowledge I need to unplug my toilet. It's absurd.


Regards.

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  #36 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
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Posts: 668 since Mar 2012
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when you consider the cost of this stuff, it is a surprise he is not being blasted of the forum....just that fact alone tells me it must be o.k. he must be saint Tony compared to other vendor reviews..

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 forgiven 
Fletcher NC
 
Experience: Intermediate
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but after taking the 3000 to 4000 bath is there any one out there that was green in 30 days and is now living in Saint Kitts. please step forward and share the thrill ride,

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  #38 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
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TPeterson1055 View Post
Hi Forrest. Thank you for the kind words and I am glad you remember me and the folks from the room fondly.

I rarely have time to read or write in forums but a room member brought your post to my attention and felt that it was inaccurate in many ways. I hope you don't mind if I straighten out some of your mistakes or out of date information. I encourage you to revisit our trade room or attend one of our training sessions or webinars in the near future so that you can write reviews based on current information. I do not believe you are doing justice to the good folks here that are looking for an informed opinion.




Forest, we have multiple indicators that were written in house and exist NOWHERE ELSE. True that we use support and resistance pivots and have created a new set of them to help make our trade setups easier to see and trade. But we use the same algorithms that the rest of the industry uses to produce the lines. Our Intentional Entries, SpeedTick, Ricochet, Pull Back Alert, and several others are unique and cannot be just "put together" to create anything remotely similar.

The strategy fills are NOT INTENDED, nor where they EVER INTENDED, to be a signal generator that you just blindly trade. The strategy (now known as the Intentional Entries because of this misunderstanding by you and a few others) is a collection of indicators that generate a buy/sell signal when they are all in confluence. This signal is then qualified using support and resistance to make sure that you are not trading right into a strong line. I take full responsibility for you not knowing or understanding this. Honestly, I do not know or understand how you could have been in the room for a couple of months and not heard that a few dozen times. It was my job to make sure that everyone knew how to trade the IE, and on this apparently I failed you.




It has been nearly a year since you were in the room so again your information is extremely out of date. You might go to our website and go to the videos tab. There I have full days of trading posted, raw and uncut just as if you were sitting in the room with us. I do not review or edit these videos as I do not have time. They are simply to let people get a feel for how we call trades out and see that I do call them out before hand, will talk through the trade as I can, and go over the trades afterwards. My online trade log is live and many of the room members have it up on their screens to compare my trades to their own. If I EVER shilled a trade and lied about entry or exit, they would crucify me on the spot. So there are dozens of people that will disagree with you on this.




Again this is a failure on my part. We have, and have ALWAYS had concrete rules. I think a visit to our videos (or webinars tab) or trade room will help clear you up on that. You might pay special attention to the video on risk level.

Yes, this IS a discretionary system. Yes, I do not push the button for you so obviously you will pick which signals to take based on your own level of risk and experience. If you were looking for a signal service I am not sure why you stayed for as long as you did. We teach people how to trade our system and provide indicators for them to use that they would otherwise have to purchase from us and install and use on their own computers. I guess that is what people pay for. BTW...most of the traders that were in the room when you were there a year ago are still there...and happily paying each month.



Well I definitely cannot have issue with the your opinion of the atmosphere and again, thank you for your gracious compliment. I think though, that the folks here at Big Mike's deserve an informed opinion based on current information. Yours is nearly a year old, which really does not help anyone. You have helped me however. I MUST do a better job of explaining some things that maybe you did not understand. There is a good chance there were others that did not understand that were not as forthcoming as you were and I hate that I may have failed them as well. I am forever trying to get better at my job and I will take this information and use it to improve my teaching skills.

I wish you nothing but great success in your trading.

why can you not highlight a 4 tick zone on the chart, where the key reference points are at. then when the price reaches that area and the order flow conditions are meet using your indicators ....it will auto execute and manage the trade using the advanced trade management tools inside Ninja trader.

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  #39 (permalink)
 kevinhpchan 
Seattle
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL
 
Posts: 24 since Jun 2018
Thanks: 11 given, 4 received

It's being a while since I've seen a review. They've also refreshed their site and branding:
https://secondbraintrading.com/ . Can folks provide a comprehensive experience on the Training received, Indicators and also the room. I'm mainly interested in the training and the indicators. but either case. Would value hearing fresh and direct feedback. Thanks!

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  #40 (permalink)
 dxla 
vancouver
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 6 since Jul 2011
Thanks: 2 given, 6 received

Does anyone have the Second Brain Trading system? How is the trading working out for you? I am considering getting the system as well. They have developed some cool realtime indicators that I would like to use in my trading.

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  #41 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 117 given, 93 received

I am using it since a few years now.

The trades they have are scalp, counter trend trades whenever a reversal happens, with five tick target and seven tick stop, but you can manage it to make them small stops.

Compared to late 2016-17, number of trades they take these days (winners and losers both) have increased significantly. Back then, it was a bore fest.

It is a scalp, counter trend system. So do not expect like almost all the 'regular' systems / strategies we learn to trade, like trade in the trend, get the runners, huge targets, etc.

Their indicators are very powerful, which can potentially show if the trend is about to come to end for an imminent reversal. The indicators can be tuned according to your set of rules to take trades. And, there are a lot of different ways you can take the trades, based on your risk taking style - anywhere from extremely conservative to plain risky trades.

The downside for this is, if you are a trend trader with big targets, this cannot guarantee a living, because you will have to trade large lots to make a decent return. Example: If you make five ticks on NQ on one lot (they have most trades on NQ everyday usually), you made $25. Now times it ten, you made something good imo. But if your stop does gets hit before you can even manage, you are down seven ticks. So, this can take you a long time to reach there where you want to do it easily for a living. Apart from NQ, they also trade RTY, ES, YM, CL and GC.

My best opinion is to join a free webinar when they have to learn about their system. I can keep on writing paragraphs, but a picture speaks a thousand words.

Maybe you can have a look at their most recent webinar.

Here:



P.S. I think they do allow visitors / prospective subscribers to join their trade room for a week for free. Maybe email them to ask.

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  #42 (permalink)
 dxla 
vancouver
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 6 since Jul 2011
Thanks: 2 given, 6 received

Thanks Lightsun47 for your review. I've been to their trade room recently when they had a free trial and I've seen their webinars. Their system looks like it would suit my style of trading. I have a day job and typically can only trade about 1.5 to 2 hours at market open before going to work. I would be fine just taking 3 quick winners (adding on contracts as I gain confidence) and walking away each trading day or go on sim like Tony does.

Are you on the VIP/einstein package and would you recommend that or start with one of the smaller packages?

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  #43 (permalink)
 Oriole 
Naples FLA
 
Experience: Beginner
Platform: Ninja Trader 8
Broker: NinjaTrader
Trading: Currency Futures, RTY, ES, NQ
 
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I'm a sucker for new systems, I'll have a look at this. I wonder why they changed their name to Second Brain? Their all in Einstein Package = $5856.

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  #44 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 117 given, 93 received

My best guess as to why they changed their name and website is maybe because they have migrated to NT8 with a lot of other addons. Kinda like redesigning yourself but with more products. Maybe makes sense too?

The system / concept is still the same of trading at the pullbacks from ever since they have evolved though.

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  #45 (permalink)
trades4x
Vermont
 
 
Posts: 24 since Oct 2018
Thanks: 21 given, 18 received


nicktummers View Post
To answer your question, yes, the flash works and it works very well and very consistently. I have been using the full suite of indicators offered by the IT group since mid-March, 2014, and together with the trade room, it has turned my trading around completely. Sometimes they offer week-long free access to the trade room so that you can see the system in action and also learn about how different traders are using the indicators to help them make trading decisions. Hope that helps.

So can you just join the trade room and watch and learn or you have to buy the indicator for $5000.00 to join the trader room?

I am reading generally good reviews about the indicator and support but does it justify the cost you are paying if you are not a millionaire. What will it take in terms of account size + trade size to recover the indicator cost and then make enough profit to justify..

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  #46 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
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if you could make money in his trade room, every time he called out a trade the volume would crash the servers at the exchange . look how long he has been selling the grail indicator package . his retail order flow indicator coded 10 years ago will out trade a modern order flow blot from the largest institutional traders in the world .. i do not believe that BS

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  #47 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 117 given, 93 received

^ Have you taken a free week trial in the room? Do you know how it works?

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  #48 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
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the owner of the grail software could stop this debate very easy all he would need to do is post 3 years of verifiable brokerage statements and show the world how much money he has made using the grail the last 3 years. now he is not going to do so. the reason is very simple . like 99% of trading vendors , he can not trade. he makes money selling traders stuff . until he can prove it, there is know reason not to believe its 100 % pure BS .

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  #49 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 127 since May 2018
Thanks: 117 given, 93 received

I agree. He will never post such statements nor show his DOMs while trading live or sim, whichever it is.

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  #50 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
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Posts: 668 since Mar 2012
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he is just playing trader.

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