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Master Forecaster course (www.masterforecastercourse.com)

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  #1 (permalink)
 booker777 
Augusta, GA
 
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Has anyone had any experience with the hyped up masterforecaster course by David Williams, Reflective Wave. www.masterforecaster.com. He claims by focusing on time instead of price you can forecast within 1 time unit key reversal points in the markets. Does the Vegas circuit with his methodology and charges 7k for the course. He also runs the pagetrader service. j

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  #3 (permalink)
 Big Mike 
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Your URL is wrong, I believe the correct one is

Reflected Wave - Master Forecaster Course

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  #4 (permalink)
 booker777 
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Iam sorry you are correct. Are you familiar with it at all Mike?

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 Big Mike 
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booker777 View Post
Iam sorry you are correct. Are you familiar with it at all Mike?

No, and I would recommend:





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  #6 (permalink)
 booker777 
Augusta, GA
 
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Sorry for the duplicate thread on it Mike. to be honest i forgot i started it. I am in no way affiliated with the vendor but attended his seminar yesterday and was just curious if anyone had any first hand knowledge or feedback on it. tks

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  #7 (permalink)
 SpyderTrader 
Chicago, Illinois
 
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Checked out the website.

Looks too flashy, too slick, and of course, I absolutely hate when vendors talk about how this is a "secret" indicator that they have only just now decided to release to the public.

For those you of reading, this particular website is a great example of some things to look for to determine if something is suspicious.
Of course, it goes without saying, if something is too good to be true......

1. Basic, simple, one page website with 90% of the content constituting a very hard sales pitch.
2. No "About Us" section on the site.
3. No explanations on their setup
4. No examples of recent trading (for example, all their charts are from 4 or 5 years ago)
5. Use of the word "secret" or "secretive"

For me, number 5 is my favorite.....as soon as its mentioned.....I'm done.

Like anything else, there will always be one or two or ten fools that sign up anyway, looking for that "Perfect Indicator"

Booker, you'd be better off browsing the free stuff for Elite Member, trust me......take it from someone who has attended every vendor webinar presentation under the sun!!!

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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 estrade 
Austin/TX
 
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booker777 View Post
Has anyone had any experience with the hyped up masterforecaster course by David Williams, Reflective Wave. www.masterforecaster.com. He claims by focusing on time instead of price you can forecast within 1 time unit key reversal points in the markets. Does the Vegas circuit with his methodology and charges 7k for the course. He also runs the pagetrader service. j

STAY AWAY, TOP SALES PITCH. JUST TRADES LARGE TIME FRAMES TO SMALLER, CAN NOT WORK ON ANY TIME FRAME (ALONE).
WASTED MONEY.

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  #9 (permalink)
 GreatDane 
Tampa, FL
 
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estrade View Post
STAY AWAY, TOP SALES PITCH. JUST TRADES LARGE TIME FRAMES TO SMALLER, CAN NOT WORK ON ANY TIME FRAME (ALONE).
WASTED MONEY.

Are you saying you wasted your money? Or it's a waste of money? In other words, have you actually taken it?
It indeed sounds as though it's hyperbole - along with some gray areas of every call being give-or-take 1 bar, which on a monthly basis could be a 3-month range - but I don't see people talking it down who've taken it, so...

Have you taken it? Thanks.

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  #10 (permalink)
 estrade 
Austin/TX
 
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JackJ View Post
Are you saying you wasted your money? Or it's a waste of money? In other words, have you actually taken it?
It indeed sounds as though it's hyperbole - along with some gray areas of every call being give-or-take 1 bar, which on a monthly basis could be a 3-month range - but I don't see people talking it down who've taken it, so...

Have you taken it? Thanks.

Yes, it's a bunch of crap. The bottom line is why he can't open a live room and show trades off the turns? Why would Page trader be any different?

It's the big sales pitch (false) and just stay away. + or - one bar and the larger bars are important,, and then you go to smaller... (after the fact) that it works, if not you have to go to the larger bar.

Not as advertised at all. You will be very disappointed and embarrassed at the seminar when you have to agree to your life not to tell anyone the common indicator that he uses.

It's worth about 10 bucks to know, just so you know that you don't need to ever use it or know about it.

Where are the raving testimonials, shouldn't a majority of his clients be millionaires by now?

I lost my money here! Stay away from David Williams sales tactics.

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  #11 (permalink)
 GreatDane 
Tampa, FL
 
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Thanks for the feedback. That is indeed my other concern, that of the timeframe and contradictory calls that we don't see. I asked in today's webinar, as he showed the weekly S&P with 100% accurate calls, and he said he didn't have the daily or 60 minute charts. I wonder about trading it when you get contradictory calls on other timeframes.

On the other hand, he once again showed a brokerage statement showing a very, very high level of success. He must have a team of people doing his trades, as he trades numerous stocks with Puts and Calls.

Re: where are the successes, he does actually have people touting the teaching - at least on his website, if they're real. And albeit just a first name and initial. Though one was unique enough that I did manage to track him down awhile ago, and he said that he still used Reflected Wave. I don't think he was a shill; he was a long-time trader and had been in Raschke's room for quite awhile (I was able to find this out via the internet).

So I'm left unsure. You have your viewpoint which seems valid, in lining up with my concerns. Yet he successfully trades it, and the only others online speak well of it. They could be simply not seeing the trading viability, and instead are being wowed by the accuracy (when it is accurate). Anyway, thanks again for your feedback; finally someone who's taken it! I'm still surprised that not one (that I could find) will simply say what the simple indicator is. Despite his legal disclaimer, you'd think in the world of the anonymous internet one would see that, especially if it's bunk.

Thanks again.

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  #12 (permalink)
 jrjoe 
Portland, Oregon
 
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I am aware that this thread is older but NOT completed yet. Has anyone recently taken the course ($7,000)? And what is the simple $10 indicator used? on different time frames.

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 KySt 
Accokeek, USA
 
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jrjoe View Post
I am aware that this thread is older but NOT completed yet. Has anyone recently taken the course ($7,000)? And what is the simple $10 indicator used? on different time frames.

I've not taken the seminar (so Wms, save your breathe trying to enforce disclosure agreements), but it's parabolic sars and the squaring aspect is based off the same. It's was explained to me a long time ago, but need a memory jog.

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  #14 (permalink)
 GreatDane 
Tampa, FL
 
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Thanks. When it was explained to you before, were you able to confirm that it was it, by jibing the results with what Williams would call? I'd heard before it was the PSAR, but that didn't seem to make sense. Reflected Wave calls a market top/bottom on time. Perhaps displacing the PSAR could do it, moving it forward? Seems odd, but could be, I guess. And he often has distant targets with Square Principle, which I don't think that PSAR would give one.

Thanks again, and any other thoughts are appreciated, if that helps job your memory (displaced?)

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 KySt 
Accokeek, USA
 
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GreatDane View Post
Thanks. When it was explained to you before, were you able to confirm that it was it, by jibing the results with what Williams would call? I'd heard before it was the PSAR, but that didn't seem to make sense. Reflected Wave calls a market top/bottom on time. Perhaps displacing the PSAR could do it, moving it forward? Seems odd, but could be, I guess. And he often has distant targets with Square Principle, which I don't think that PSAR would give one.

Thanks again, and any other thoughts are appreciated, if that helps job your memory (displaced?)

Good day Great Dane,
The individual sharing this with me, was most cautious and I respect that. But they really wanted to help me and save me a lot of money.
As I reviewed charts, based on what I gleaned, PSARs validate Wms predictions he'd make on radio. What escapes me is the mechanics of using the PSARs for projecting and squaring. The individually explained as best they could without coming right out and say do this, this, and this. After a bit of fiddling, I shelved it.

Every once and a while, I'd hear a prediction of Wms and would look at a chart (if I knew the time frame) and it would line up with the PSARs. I will say, at least at the time, an hour period would end on the half hour -- 9:30 to 10:30 etc.

If I recall the basics, today's ES had a failed up wave, but Squaring would have had you in the short. I just don't recall the mechanics. Now my curiosity is peaked again :-)

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  #16 (permalink)
 GreatDane 
Tampa, FL
 
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KySt View Post
Good day Great Dane,
The individual sharing this with me, was most cautious and I respect that. But they really wanted to help me and save me a lot of money.
As I reviewed charts, based on what I gleaned, PSARs validate Wms predictions he'd make on radio. What escapes me is the mechanics of using the PSARs for projecting and squaring. The individually explained as best they could without coming right out and say do this, this, and this. After a bit of fiddling, I shelved it.

Every once and a while, I'd hear a prediction of Wms and would look at a chart (if I knew the time frame) and it would line up with the PSARs. I will say, at least at the time, an hour period would end on the half hour -- 9:30 to 10:30 etc.

If I recall the basics, today's ES had a failed up wave, but Squaring would have had you in the short. I just don't recall the mechanics. Now my curiosity is peaked again :-)

Thanks much, KySt! And here I was pretty much resigned to either assume it was a scam/not as effective as claimed (which it still may not be) or that I'll simply find something else. There are many ways to trade; I'd just moved on to something else. And still may. I will take a look again, but I think the key to his "seemingly" successful calls is "on what timeframe"? I've asked that before, and I think he essentially said that's the difficult part that he teaches, how to know which to be using. And maybe he has figured that out; I try not to distrust everything.

Indeed, from my memory he starts his 1 hour charts on the pit open. It may actually simply be a function of his charting package (CQG), as he's talked of it being limited and adversely affecting his analysis in some other ways. So that isn't - or shouldn't be - a "key" element in it, but if one were to try to replicate what he's seeing/analyzing, one would have to use the same settings.

Thanks again!

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 jrjoe 
Portland, Oregon
 
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Amazing,,,the thread is alive again!...I did sub to their channel for a month and asked for a refund to the magic wave pill after a week of being totally wrong. No refund was their reply...BUT you can come to the Las Vegas school and learn the methodology for a TESLA downpayment.....I took a V W, instead.

The PSAR sounds promising tho and has much credence.

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 GreatDane 
Tampa, FL
 
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I'm almost sorry to have piqued your curiosity again, Kyst As (bad) luck would have it, I heard him the other day (yeah, I still listen in at times) say that the Square Principle is NOT based on an indicator. He most certainly has said that Reflected Wave was based on an unusual usage of a common indicator, but the Square Principle is not.

Now, maybe what you're suggesting is that a failure of the PSAR prompts him to use the Square Principle, so in a way he's "using" it, but he can also say it isn't. Then maybe just a measured move of some sorts? Not sure how he can say that it's something that no one else has used then, though.

@jrjoe - that was my experience in the room, too, a couple years ago. The room was either very disorganized in its structure and calls or a scam. But, fwiw, they do have people posting positive testimonials most days. At the same time, do they have a ton of losing trades that we don't see people post about?

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 jrjoe 
Portland, Oregon
 
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Williams and Bernie do NOT allow any critical, or losing comments on their site...they preachers at heart,,,,out for your donations...

The comment follows along these lines...wait, I must call Williams (the guy with the Golden Tablets) to reaffirm the time of the reflected wave....well, sumpin' going on in the heavens that can not be explained. Come to our Vegas classroom and all will be revealed to your wallet.

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