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www.oiltradinggroup.com as a Live trading room for OIL, anyone?


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www.oiltradinggroup.com as a Live trading room for OIL, anyone?

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  #21 (permalink)
Michigan, Jackson
 
Experience: Intermediate
Platform: NT and TS
Broker: NT Continuum
Trading: ES, CL
 
Posts: 857 since Jul 2009
Thanks: 389 given, 551 received


Forexoil View Post
ask to see his REAL account record, see how far you get. These sim traders don't impress me.

@Forexoil - the 'proof is in the puddin' -- I've been there - All live trades- I learned a good deal in almost 13 months of observation and trading.

Read review here if so inclined:

Oil Trading Group ***Updated Review*** - Trading Schools.Org

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  #22 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
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Posts: 2,246 since Nov 2011
Thanks: 7,100 given, 4,330 received


Forexoil View Post
ask to see his REAL account record, see how far you get. These sim traders don't impress me.


COTtrader View Post
@Forexoil - the 'proof is in the puddin' -- I've been there - All live trades- I learned a good deal in almost 13 months of observation and trading.

Read review here if so inclined:

Oil Trading Group ***Updated Review*** - Trading Schools.Org

This business, as I see it, is so intensely personal each and all must bravely forge their own path. And no two, are or can ever be, exactly the same. Gratitude for the myriad of ways........

Ron

...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #23 (permalink)
Eufaula, OK, USA
 
Experience: Intermediate
Platform: Sierra Charts
Trading: if it moves, i trade it
 
Posts: 15 since Mar 2013
Thanks: 10 given, 20 received


I got caught up in all the hype and wasted $2,500 for a lifetime membership. There is no consistency here. I have seen very nice days where Jason caught a $2,500 winner and then lost $2,800 the very next day. The hype is great and not a lie. He gets the 144 tick trade, but what isn't said is that the trade brought him positive on the day. Overcoming -120 ticks is great, but this is not the norm here or anywhere for that matter.

Jason goes on and on about how great his levels are and that no one has better levels. BS. If he had the levels I develop, he would throw the crap he uses out the window.

He is a trader who isn't afraid to mix it up, but I firmly believe that without suckers like me funding his account, he wouldn't be trading. He doesn't know anything about the warning signs of trading. For example, I seen him put this trade on and I called this to his attention. CL had spent 1 1/2 hours at the IB low and was unable to break it and extend a 75 tick IB range. Jason had a "level" about 5 ticks above the IB and he had been talking all morning about how much he wanted to short that level and how it had just missed it at the open. So he stood in front of it and shorted. When I reminded him of the ATR of 160ish ticks and the fact that it had just spent all that time and couldn't take the low, his response was that he was only expecting 125 tick range that day.

Now, if there is anyone reading this that would put that trade on, for god's sake do not trade CL with real money. You do not know what you are doing. And these types of trades are the reason I say the whole deal is a waste of money. Is it for real? Yes. Will it teach you sound fundamentals that you can use to make a living trading? I do not think so and until someone shows me proof of live trading account profitability using this system, I will continue to say no.

The results of this one ignorant trade speak for themselves. By the time the platform Jason was using executed his strategy for the trade, CL was already 17 ticks past his stop and his stop order was rejected. I believe he got out with around a 30 tick loss per contract.

It's one thing to believe a level setting like this one was could provide resistance. And watching to see if there were signs of rejection. But to stand in front of it? Don't tell me you are a professional trader and then put that trade on. Don't tell me about teaching others and then say that is the way to trade CL. Don't run a room and put this trade on in front of students and then say "it is what it is".

I am not a professional trader, although I'd like to be. But I guarantee you, I may look at this trade an hour later, scratch my head and say would you look at that. But I don't care if that trade would have worked for 400 ticks, I would never put that trade on. And if that trade ever works, it's like a blind hog finding an acorn.

This is just like 99.9% of the trading rooms. It's ran by a retail trader. And the very best way to utilize these rooms is to watch for set ups against what they are looking for, because 90% of the time retail is dead wrong.

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  #24 (permalink)
Jefferson City, Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: CL ES
 
SatchFan's Avatar
 
Posts: 223 since Mar 2010
Thanks: 329 given, 202 received

I did a 3 day trial just for sh*ts and grins about 2 months ago. I had the same perception. He has his levels, which is great, but he has no concept of "Context" using the price action and market structure. 2 days was all I needed. Didn't go back for the 3rd. Got an email on the 2nd evening, clicked "unsubscribe" and haven't thought about it since until I saw this thread. BIG thumbs down for me...

Funny, I saw him do basically the same thing you did. He shorted 3 times in a row on crude, fading a day that cl went up over 150 ticks. He kept saying, "I'm going to stay stubborn here, I've got my levels". It's been my experience that being stubborn rarely pays. And when it does, it's just enforcing a bad habit.
Thanks, but No Thanks...


Randy Dotson View Post
I got caught up in all the hype and wasted $2,500 for a lifetime membership. There is no consistency here. I have seen very nice days where Jason caught a $2,500 winner and then lost $2,800 the very next day. The hype is great and not a lie. He gets the 144 tick trade, but what isn't said is that the trade brought him positive on the day. Overcoming -120 ticks is great, but this is not the norm here or anywhere for that matter.

Jason goes on and on about how great his levels are and that no one has better levels. BS. If he had the levels I develop, he would throw the crap he uses out the window.

He is a trader who isn't afraid to mix it up, but I firmly believe that without suckers like me funding his account, he wouldn't be trading. He doesn't know anything about the warning signs of trading. For example, I seen him put this trade on and I called this to his attention. CL had spent 1 1/2 hours at the IB low and was unable to break it and extend a 75 tick IB range. Jason had a "level" about 5 ticks above the IB and he had been talking all morning about how much he wanted to short that level and how it had just missed it at the open. So he stood in front of it and shorted. When I reminded him of the ATR of 160ish ticks and the fact that it had just spent all that time and couldn't take the low, his response was that he was only expecting 125 tick range that day.

Now, if there is anyone reading this that would put that trade on, for god's sake do not trade CL with real money. You do not know what you are doing. And these types of trades are the reason I say the whole deal is a waste of money. Is it for real? Yes. Will it teach you sound fundamentals that you can use to make a living trading? I do not think so and until someone shows me proof of live trading account profitability using this system, I will continue to say no.

The results of this one ignorant trade speak for themselves. By the time the platform Jason was using executed his strategy for the trade, CL was already 17 ticks past his stop and his stop order was rejected. I believe he got out with around a 30 tick loss per contract.

It's one thing to believe a level setting like this one was could provide resistance. And watching to see if there were signs of rejection. But to stand in front of it? Don't tell me you are a professional trader and then put that trade on. Don't tell me about teaching others and then say that is the way to trade CL. Don't run a room and put this trade on in front of students and then say "it is what it is".

I am not a professional trader, although I'd like to be. But I guarantee you, I may look at this trade an hour later, scratch my head and say would you look at that. But I don't care if that trade would have worked for 400 ticks, I would never put that trade on. And if that trade ever works, it's like a blind hog finding an acorn.

This is just like 99.9% of the trading rooms. It's ran by a retail trader. And the very best way to utilize these rooms is to watch for set ups against what they are looking for, because 90% of the time retail is dead wrong.


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  #25 (permalink)
Durham, NC
 
Experience: Advanced
Platform: Ninjatrader
Trading: GC
 
Posts: 10 since Oct 2015
Thanks: 0 given, 7 received


SatchFan View Post
I did a 3 day trial just for sh*ts and grins about 2 months ago. I had the same perception. He has his levels, which is great, but he has no concept of "Context" using the price action and market structure. 2 days was all I needed. Didn't go back for the 3rd. Got an email on the 2nd evening, clicked "unsubscribe" and haven't thought about it since until I saw this thread. BIG thumbs down for me...

Funny, I saw him do basically the same thing you did. He shorted 3 times in a row on crude, fading a day that cl went up over 150 ticks. He kept saying, "I'm going to stay stubborn here, I've got my levels". It's been my experience that being stubborn rarely pays. And when it does, it's just enforcing a bad habit.
Thanks, but No Thanks...

I've also watched them trade. It was a hot mess that went from -1200 to +300 then back to -500. Risk management is not something they take seriously.

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  #26 (permalink)
Market Wizard
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 639 since Mar 2012
Thanks: 141 given, 378 received


Randy Dotson View Post
I got caught up in all the hype and wasted $2,500 for a lifetime membership. There is no consistency here. I have seen very nice days where Jason caught a $2,500 winner and then lost $2,800 the very next day. The hype is great and not a lie. He gets the 144 tick trade, but what isn't said is that the trade brought him positive on the day. Overcoming -120 ticks is great, but this is not the norm here or anywhere for that matter.

Jason goes on and on about how great his levels are and that no one has better levels. BS. If he had the levels I develop, he would throw the crap he uses out the window.

He is a trader who isn't afraid to mix it up, but I firmly believe that without suckers like me funding his account, he wouldn't be trading. He doesn't know anything about the warning signs of trading. For example, I seen him put this trade on and I called this to his attention. CL had spent 1 1/2 hours at the IB low and was unable to break it and extend a 75 tick IB range. Jason had a "level" about 5 ticks above the IB and he had been talking all morning about how much he wanted to short that level and how it had just missed it at the open. So he stood in front of it and shorted. When I reminded him of the ATR of 160ish ticks and the fact that it had just spent all that time and couldn't take the low, his response was that he was only expecting 125 tick range that day.

Now, if there is anyone reading this that would put that trade on, for god's sake do not trade CL with real money. You do not know what you are doing. And these types of trades are the reason I say the whole deal is a waste of money. Is it for real? Yes. Will it teach you sound fundamentals that you can use to make a living trading? I do not think so and until someone shows me proof of live trading account profitability using this system, I will continue to say no.

The results of this one ignorant trade speak for themselves. By the time the platform Jason was using executed his strategy for the trade, CL was already 17 ticks past his stop and his stop order was rejected. I believe he got out with around a 30 tick loss per contract.

It's one thing to believe a level setting like this one was could provide resistance. And watching to see if there were signs of rejection. But to stand in front of it? Don't tell me you are a professional trader and then put that trade on. Don't tell me about teaching others and then say that is the way to trade CL. Don't run a room and put this trade on in front of students and then say "it is what it is".

I am not a professional trader, although I'd like to be. But I guarantee you, I may look at this trade an hour later, scratch my head and say would you look at that. But I don't care if that trade would have worked for 400 ticks, I would never put that trade on. And if that trade ever works, it's like a blind hog finding an acorn.

This is just like 99.9% of the trading rooms. It's ran by a retail trader. And the very best way to utilize these rooms is to watch for set ups against what they are looking for, because 90% of the time retail is dead wrong.

if you think he is bad...sample some other rooms. Jason does like to roll the dice ..they call that trading..he does let it all hang out..i would say he can trade, he is not for the faint of heart.. i could not handle it too.

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  #27 (permalink)
Market Chamois
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
Blash's Avatar
 
Posts: 2,246 since Nov 2011
Thanks: 7,100 given, 4,330 received


forgiven View Post
if you think he is bad...sample some other rooms. Jason does like to roll the dice ..they call that trading..he does let it all hang out..i would say he can trade, he is not for the faint of heart.. i could not handle it too.



IMHO a trade room could be used like this:

After considerable study (be it reading books or an education source of some kind ie mentor course etc) in a "particular trading method", considerable meaning many weeks and hundreds of hours of screen time with great zeal, find a practitioner of this method and learn from them the live details of this method and then execute it yourself having them help correct any errors. After this, leave the room and operate by yourself or among a group of like minded traders over Skype or here in FIO or something else equivalent.

What I feel is worthless is joining a trade room to learn a methodology without having intense study before hand.

An analogy would be wanting to learn the piano. Having only poked around on it with no seriousness, join a live teaching song playing group/band (notice this is a fantasy and fictitious, not existing because it would never work) where the leader calls out the notes/piano keys to be pressed in order to play the song. Sounds crazy. But, it's basically what most involved with a trade room do. It's what I did 7 years ago. Simply does not and can not, work.

Ron


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...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
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  #28 (permalink)
Johor Bahru, Malaysia
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader Brokerage, Continuum
Trading: FESX, FGBL
 
Posts: 87 since Apr 2013
Thanks: 21 given, 145 received

Firstly, a 2 day trial is way too short to tell anything about the trader or his profitability.

During my 2 day trial, he took loss after loss on both the ES and CL. I guess the 100 tick trade came on the 3rd day, but I wouldn't know because that was the end of my trial.

In a way, they are simply doing themselves an injustice by having such a short trial period.

On the second day, some guy called Dave tried to convince me to sign up for their lifetime package which costs $1999. I just couldn't see any version of me doing that having spent only 2 days in the room. I tried to negotiate for a longer trial period (I was even willing to pay for it), but it became pretty clear to me that it was basically sign up or get out. That left a pretty bad taste in my mouth.

Thus, I have no choice but to conclude that it's no different from any of the other 99.8% of the trading rooms out there, trying to get desperate traders to subscribe by posting clips of their occasional 100 tick trades. In other words, it's just a business.

Cheers!

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  #29 (permalink)
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 94 since Nov 2012
Thanks: 77 given, 19 received

Has anyone been able to replicate these indicators?

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  #30 (permalink)
Miami, FL
 
Experience: Advanced
Platform: NT
Trading: ES, CL
 
Posts: 126 since May 2013
Thanks: 274 given, 70 received


Jason at OTG is a sim trader. Stay away. He is basically Break Even at best and changing systems every few months.

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