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Shadowtraders system. Scam or real? (www.shadowtraders.com)
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Shadowtraders system. Scam or real? (www.shadowtraders.com)

  #121 (permalink)
Elite Member
shreveport
 
Futures Experience: Advanced
Platform: ninja
Favorite Futures: futures
 
Posts: 7 since Mar 2012
Thanks: 1 given, 1 received

Time to put any questions to rest

I have been trading for 18 years, the last several for a living. I have my own method of trading, but I got curious about Shadowtraders and decided to check them out. I bought the program because it wasn't all that much and not big deal if it didn't turn out to be what had been claimed. To many of you newbies get all worked up about costs and trying something. If you can't afford to buy and try and potential method, then you need to find something else to do. Quit whinning about paying money for systems, methods, etc. You don't need to be trading if you can't afford to look and see. Otherwise, you will never get educated even if the program turns out to be crap. It's all part of an education since there is no trader university here. You pay and learn. About Shadowtraders, let me say this. 99.99% of anyone at any site USA will learn more at Shadowtraders than any other site they go to and I've looked at hundreds of them over the years. Barbara knows the market and how it works. There is no dispute about that. Anyone who says different doesn't know what the hell they are talking about. Most of you clowns making all these insane comments have never even looked, much less bought the program offered by ST. All you do want to do is be negative. 99.99% of everyone at all forums do not make money trading. That is very obvious by all the questions being asked. But, I will tell you this about ST. I learned about a couple of things from Barbara that I had never heard of and they pretty much guarantee you will make a couple of points per day. You are not going to find out the real stuff until you buy, but I can promise you this. It's better than 99% of anything out there and you will learn a lot. If you decide not to buy it and have found something else, then great. But, all of you wanna be traders who don't make a penny trading, stop your negative talk about something you cannot possibly no anything about. I'm not sure what kind of rush you get out of doing that, but it only shows your ignorance. The fact is you don't make money trading and if you want to learn, then you are likely going to have to pay money to one or several sites to gain some form of knowledge you don't currently have. I owe nothing to ST, but they offered a great program. If they didn't, I would be the first to warn you not to buy anything from them. There are many ripoffs out there and I despise that kind of crap. If you want to be a trader and learn how to trade, ST is better than 99% of anything you will come across and a couple of the things Barbara shares about trading, no one on this site, no matter how many years you've been trading, has ever used. That is a bold statement, but I know I'm right. I've worked with two former S&P Floor Traders and have learned just about everything there is to know. Neither of them ever talked about some things Barbara does that are very, very helpful to your trading. It's up to you people to learn from who you want. But, again, stop being critical of something you know absolutely nothing about, no matter who it is. It's ridiculous.

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  #122 (permalink)
Elite Member
Melbourne, VIC, Australia
 
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Stocktrade

My thumbs are up for ShadowTraders, Barbara and her team. I have recently done the course and glad I did. It complements my system and they teach thing I have never heard anywhere (even many claiming to unveil "the secrets of trading".
The truth is there are no secrets, just a solid method and hard work.
And ShadowTraders deliver that.

 
  #123 (permalink)
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Singapore
 
Futures Experience: Beginner
Platform: SC, TOS
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stocktrade View Post
... I owe nothing to ST, but they offered a great program. If they didn't, I would be the first to warn you not to buy anything from them. There are many ripoffs out there and I despise that kind of crap...

@stocktrade,

Woah, what a rant... but appreciate that you've given a strong endorsement to ST, based on your years of trading experience.

May I ask what signs do you look out for, in order to avoid ripoffs (besides the obvious like fanciful websites, promises of quick riches and coaches trading in sim mode)? I ask this because I guess some traders might have deeply disappointing experiences in the past and would wish to bash any coaches, if given the chance. Hence, some insights in this regard may help them to be less negative and keep an open mind. Hope to hear from you..

 
  #124 (permalink)
Elite Member
Saint Louis Missouri
 
Futures Experience: Intermediate
Platform: ninjatrader
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Stocktrade,
I could have not said it any better. Thanks

As for anyone who is still questions, invest in the course.

My experience with Shadow traders, as stated earlier, is a positive one. An importamt concept for me is the use of support and resistence, and sticking with the trend. If a counter trend trade is to be take, strict rules have to be adhered to. No buts or ifs.

Hope this helps.

 
  #125 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Beginner
Platform: Esignal
Favorite Futures: ES, NQ, Crude
 
Posts: 120 since Apr 2012
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So I attended their Tuesday night webinar (mainly cuz I just got home from the gym and was bored, had an hour to kill).
Nothing really had changed from their webinar that I attended way back in February......which I guess is a good thing....consistency is rare for Vendors.

As usual, it was the usual mumbo jumbo, how they've spent hundreds of thousands of dollars perfecting their method of spotting when HFT "buy" and "sell".

3 things made me laugh though:

1. When the second presenter jumped on the microphone.....and said that she "really wished" she could show us the indicators that were running in the background......however "Barb would not allow her to reveal them to the non-paying public."

THOUGHTS: If you can't show us your method in a 2 HOUR WEBINAR.....then when do you plan to show us?

2. I asked the question "How come we don't get a free trial?" and this was answered by "Well we don't do free trials because its not fair to the others."

THOUGHTS: What on earth are you talking about? What others? How is it that 90% of NT vendors allow a free trial......but your indicator is so special that we don't get to try it out first?


3. I asked the question "So you expect us to shell out 1500 bucks based on nothing but a 2 hour webinar?"

THOUGHTS: This question was ignored by the moderator.

So I guess, bottom line, I wouldn't call them a scam.......but then again, what is a scam?
Is it something you pay money for and you get nothing in return?
Or is it something you pay money for.....and just receive another BS indicator that works when it works, and doesn't when it doesn't?

My conclusion: Don't ever sign up with a Vendor who doesn't let you "TRY BEFORE YOU BUY".

I also think there is a similar "Fractals" indicator written by BigMike himself, but can't really comment on how good or bad it is......cuz I've never used it.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #126 (permalink)
Elite Member
Berlin,Berlin
 
Futures Experience: Intermediate
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Posts: 71 since Mar 2010
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Because if they give the information for a trial you have the information. You have the knowledge and you cannot give it back. How could you give back the information that there is a 3 point runup in front of news for exemple. And there is much more... they have knowledge about some market internals, ways how trading robots are coded and much more about markets - facts that are usually not known by most private and even institutional traders.
Of course they do not give you a trial. You could watch all the video material.
It is not just an "indicator warehouse". You have all the indicators. They teach you how to use it and when to use it. It is not about "one secret indicator" or so.

 
  #127 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,551 received

I attended the webinar too last week. I came away with similar reservations and questions. I was more interested in their trading room which as "shadowtraders" they supposedly traded during the Asian and European session? But I guess one doesn't get any access to the trading room unless one signs up for the whole learning package in the first place. I do like how they mention HFT but there was no demonstration of their HFT indicator or did I miss it?

There was a question where someone asked if they were live trading. And the host lady showed the NT sim dom and said it was ongoing live. I guess total newbies with little experience would be ok with that... , and of course there was no show of journaled real account profitability results.

They should have a series of guest trading session webinars where guests could just see their stuff in action and trades taken in real time.

To be fair, maybe they haven't taken the time or expense to protect their fractal indicators for a trial. It's Erez's indicators for Perry's updated method here on futures.io (formerly BMT) elite that some say looks very much like Shadowtrader's indicators:

https://futures.io/download/vip_elite_circle/1136-download.html?view
https://futures.io/download/vip_elite_circle/1141-download.html?view

https://futures.io/elite-circle/18081-perrys-method-continuation-advancement.html#post195446


Last edited by Cloudy; October 15th, 2012 at 01:36 PM.
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  #128 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Beginner
Platform: Esignal
Favorite Futures: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 221 received


Cloudy View Post
I attended the webinar too last week. I came away with similar reservations and questions. I was more interested in their trading room which as "shadowtraders" they supposedly traded during the Asian and European session? But I guess one doesn't get any access to the trading room unless one signs up for the whole learning package in the first place. I do like how they mention HFT but there was no demonstration of their HFT indicator or did I miss it?

There was a question where someone asked if they were live trading. And the host lady showed the NT sim dom and said it was ongoing live. I guess total newbies with little experience would be ok with that... , and of course there was no show of journaled real account profitability results.

They should have a series of guest trading session webinars where guests could just see their stuff in action and trades taken in real time.

To be fair, maybe they haven't taken the time or expense to protect their fractal indicators for a trial. It's Erez's indicators for Perry's updated method here on futures.io (formerly BMT) elite that some say looks very much like Shadowtrader's indicators:

https://futures.io/download/vip_elite_circle/1136-download.html?view
https://futures.io/download/vip_elite_circle/1141-download.html?view

https://futures.io/elite-circle/18081-perrys-method-continuation-advancement.html#post195446

Thanks for the link buddy.....I'll check this one out and see if its any good.

Haha yea it was quite laughable that they were trading in SIM.....yet they had the nerve to say that they were indeed "trading live" behind the scenes.....that you should just take their word for it.

And by the way.....NT lets vendors encyrpt files with 256 bit encryption....which is double the standard 128.
Absolutely no good reason for them not to allow trials.

Its a good racket though.....collecting 1500 bucks from rookies based on nothing more than a 2 hour webinar.....15 minutes of which was actual demonstration.

Can't really say I blame 'em for trying to run a good little scheme

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.

Last edited by SpyderTrader; October 15th, 2012 at 05:47 PM.
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  #129 (permalink)
Elite Member
Madison, Wi
 
Futures Experience: Intermediate
Platform: Ninja Trader, Trade Navigator
Favorite Futures: CL,GC, HG
 
dbarno's Avatar
 
Posts: 68 since Jul 2012
Thanks: 143 given, 56 received

Signed up for Shadow traders. What they had plugged up a hole in my system. A trading friend recommended them to me. Know of several people who went thu and none were pissed off. IMHO some of the charts they use are way too complicated. There are probably a half dozen ways to trade with what they provide. You can pick and choose which way works best for you. I personally don't use any of the fractal related indicators on my charts. No problems with getting answers on any kind of trading questions you may have on their program. Did have some problems with support on the platform side.

Didn't use the chat room. Not new to trading when signed up. Used them for a source of "nuggets".

Hindsight being 20/20, it was worth it to me. There are alot worse out there.

 
  #130 (permalink)
Elite Member
san diego
 
Futures Experience: Intermediate
Platform: FXCM MarketScope, NT, Interactive brokers, AMP
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Cloudy View Post
I attended the webinar too last week. I came away with similar reservations and questions. I was more interested in their trading room which as "shadowtraders" they supposedly traded during the Asian and European session? But I guess one doesn't get any access to the trading room unless one signs up for the whole learning package in the first place. I do like how they mention HFT but there was no demonstration of their HFT indicator or did I miss it?

There was a question where someone asked if they were live trading. And the host lady showed the NT sim dom and said it was ongoing live. I guess total newbies with little experience would be ok with that... , and of course there was no show of journaled real account profitability results.

They should have a series of guest trading session webinars where guests could just see their stuff in action and trades taken in real time.

To be fair, maybe they haven't taken the time or expense to protect their fractal indicators for a trial. It's Erez's indicators for Perry's updated method here on futures.io (formerly BMT) elite that some say looks very much like Shadowtrader's indicators:

https://futures.io/download/vip_elite_circle/1136-download.html?view
https://futures.io/download/vip_elite_circle/1141-download.html?view

https://futures.io/elite-circle/18081-perrys-method-continuation-advancement.html#post195446


I have compared those fractals to the shadowtraders and they are different. Shadowstraders is more complex and provides many lines that are missing from those. Also, the focus of Shadowtraders is to teach people to trade and fractals are just another indicator and not necessary to use their system. It's an educational service. In the seminars they make it clear they aren't trading live money. I went to the Las Vegas event and met traders who are making real money so I am not concerned about the legitimacy of the system. In the chatroom, Barbara doesn't tell you when to get in because she countertrades and timing is critical, so she gives you more of a headsup to point out possibilites and it is your responsibility to enter based on your education and skills. Also, Shadowtraders is coming out soon with a new product which will change their trading.

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