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

  #11 (permalink)
Elite Member
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jta3 View Post
I have seen some of the webinar.
As I see it the fractals line don't quit fit with this indicator FractalsSRLines.

View Download Details - Big Mike's Trading Forum

but most line fit.
Trendline looks like T3 indicator, and is a nice tool for trend.

some of the things there have been said is Fibonacci don't work and it's only there tools there works.
I se one big issue, you can't test software for just one week or so. There are many software solution there give this opportunities.

And i want to se live trading on webinar. I have not seen enough of live trading and not seen one StopLoss on chart.
I have my doubt and need to se live trading before i can make any decision .

Do what you want, but you would be far better off, putting that that $1000 in a trading account and a flipping a bull/bear coin. Her company is not quite a scam, but the line between scam and legit is very thin. Regardless, she will not teach you how to trade correctly. Her biggest fault: she knows nothing about either money management or trade management.

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  #12 (permalink)
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tigertrader View Post
In that case; don't waste your time. I met her 2 or 3 times, when I still resided in Chicago. Two of my buddies, who were both OEX traders at the CBOE were associated with her when she first started out. They were going to be her "expert traders"/ instructors. Barbara is not a trader. I don't believe she has ever had any of her own money in the market. She is a relatively intelligent woman, but also quite a bit loony. Her expertise lies in marketing, and this is what her company is all about. She is also a practitioner of Scientology, and she got her business off the ground by targeting and selling to other Scientology wackos. Please believe me when I tell you she is clueless in reference to trading.

If I may:

1.) How long ago was this?

2.) What about her walk the dog trade?

3.) Thank you

 
  #13 (permalink)
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rdtw View Post
If I may:

1.) How long ago was this?

2.) What about her walk the dog trade?

3.) Thank you

1) Approximately 4 years ago.

2) I'm sure it's right up there with her "around the world" trade !

3) Your welcome!

Men nearly always follow the tracks made by others and proceed in their affairs by imitation, even though they cannot entirely keep to the tracks of others or emulate the prowess of their models. So a prudent man should always follow in the footsteps of great men and imitate those who have been outstanding.

Niccolo Machiavelli (1469 - 1527)

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  #14 (permalink)
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I was looking into it but couldn't even consider it because they require an Internet bandwidth of 5 Megs which I can't get where I am living in Mexico. From what was explained in their talks, you need the bandwidth because the system depends on the slopes of lines and so the data needs to be accurate because a slight error in slope can give a different result. I have been getting good results with the indicators here and don't need to pay $900 and have the additional complexity and aggravation of depending on another complicated software system that may crash or have technical problems. Too much emphasis is placed on accurate indicators, when psychology, trading skills, and money management are just as or even more important.


Last edited by jodistrict; January 24th, 2012 at 10:10 PM.
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  #15 (permalink)
Trading Apprentice
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When did you meet her?


tigertrader View Post
1) Approximately 4 years ago.

2) I'm sure it's right up there with her "around the world" trade !

3) Your welcome!

Men nearly always follow the tracks made by others and proceed in their affairs by imitation, even though they cannot entirely keep to the tracks of others or emulate the prowess of their models. So a prudent man should always follow in the footsteps of great men and imitate those who have been outstanding.

Niccolo Machiavelli (1469 - 1527)

Tiger,

I agree. I'd feel much better if they gave a free trial of some kind. May I ask when you met her or whomever posted they met Barbara? Maybe she improved if it was years ago. Sometimes you have to give people the benefit of the doubt, no? But yes, her marketing is brilliant. Sort of feels like you know you are putting your head into an alligators mouth, but you are tempted to do it anyway! Thats scary.

Anyway, I am not familiar with the T3 indicator if thats what those fractals are. Im amazed I finally found a common indicator I never saw before after all this time. The only other co. I heard use the name of T3 is another vendor who charges 15k for his secret Fibonacci system(No name needed lol) that claims to put up fib lines that come from many different time frames. Why use a T3 over traditional type trend lines?

BTW.....I,m sorry to say fellas I was really sick and missed the free webinar. I cannot even comment. Maybe I will pass.

"Sometimes the road less traveled is less traveled for a reason."

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  #16 (permalink)
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Thanks for the post.

 
  #17 (permalink)
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Latest webinar

They talk about new indicator with hit rate of 98%. But nothing showing about this indicator.!
talk is cheap. Proof of this talk might change my view.

http://www.shadowtraders.com/Shadowtraders02072012Webinar.zip

 
  #18 (permalink)
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jta3 View Post
Latest webinar

They talk about new indicator with hit rate of 98%. But nothing showing about this indicator.!
talk is cheap. Proof of this talk might change my view.

http://www.shadowtraders.com/Shadowtraders02072012Webinar.zip

if you don't have goto meeting codec then you need to install it in order to see the video https://www4.gotomeeting.com/codec?Portal=www.gotomeeting.com

 
  #19 (permalink)
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I say go with your gut. If you think something isn't right then trust that instinct.

Spend $1000 of your time to teach yourself how to trade and work out some sort of trading system that works for your personality. Maybe scalping 4 ticks at a time isn't for you.

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  #20 (permalink)
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Unless she changed it, it is almost IDENTICAL to PERRY G's method here on the forum. Perry is a nice person who has spent a lot of time showing others, but besides the 'magic' fractals, then his method is almost verbatim. I don't know if Perry was a follower of theirs or not, but it is so close I would think so...

I don't think they ever trade live (pretty sure at least). I was signed up for a month or so with a friend and he still trades the system I believe.


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