Attended a webinar from Prediction Point Trading today. The creator, Sean Larsgard, claims to have a proprietary mathematical formula that allows him to identify key levels on the ES. Multitudes of past days are posted on his site for you to verify his accuracy (amazing how good they are after the fact). You can get these levels emailed to you for $4995 but today only $100/month. I immediately knew this was too good to be true and had no interest but was concerned by the interest of the other participants in the webinar. I wanted to see what I could find out about this company and the creator of these miracle levels. It took me awhile but I did find out that Sean was the founder of Hindsight Trading and CEO of Market Mover Trading. It was no surprise to me that there were complaints about both companies - excessive cost, products did not deliver as promised, and people had difficult getting their money back.
It bothers me that there are so many individuals and companies like this, in this industry. It makes it very difficult to sort through the really good products and individuals.
I put this post here to caution others to be wary that if it sounds too good to be true it probably is and always, always do your due diligence. I have never bought a product that I could not touch, feel and try out first, and doing so has saved me a bundle. I won't even look at products where they have a so called "money back guarantee" - just search the internet, there are so many people having difficulty getting refunds for products that didn't deliver. If there is no free trial available I'd sooner pass, and it tells me that the company does not have sufficient confidence in their product.
Can you help answer these questions from other members on futures io?
Are these daily key levels? There are a few sites out there with over a decade or two of experience selling key levels for multiple instruments. However, I haven't seen a site where they instead of deliver for a fee, actually teach one to come up with s/r levels as good as said sites.
The following user says Thank You to Cloudy for this post:
They don't teach you how to come up with the levels. The mathematical formula is in this guy's head and only he can calculate these key levels. There are reputable companies selling key levels but clearly Prediction Point Trading cannot be considered one of them.
As I trade off levels, I just attended the seminar for 15 min with the intention to ask a question. But i'ts not live as pretended, just a video. Anyway, the result of an intraday MTF Pivot calculator (it's free, no secret formular) I compared gives the same levels as published on the guy's website. Not really a surprise, is it! That even a Financial Analyst at Goldman Sachs would use the service as mentioned under "Gossip" should give the whole thing a "wow" factor. Gossip indeed.
Fancy websites and "secrete discoveries" still seem to make a lot of money from novice traders who grasp every straw (which in fact I do understand).
This guy is running now a new scam website named dopanalytics.com
No physical address for his company and no phone number.
In his presentations he does not even dare to present himself with his first name and last name.
His trading room costs 750 USD/month !! but not real proof of his consistency, only images of his alleged prior trades but nothing that can not be counterfeit.
A lot of (phony) popups showing people who subscribe in real time to his TR during the webinar.
No trials for his TR or his indies.
All the ingredients for a "hit and run" are present with this new site dopanalytics.com
He has a Linkedin page as a "DOP Analytics" founder and even there his name is only "Sean L"
The following 2 users say Thank You to Cristian for this post:
taking the range of the overnight market. when the range is 50 to 65 % of normal using the volume POC as the price magnet . where price will retest 80 % of the time in the next days RTH. IT MAY but not be for your stop is triggered 75% of the time. lola the 800 a month trade room looks like the best deal. they make 40 points a day trading the NQ. LETS JOIN AND GO DOWN AND GET US NEW a BMW
The following user says Thank You to forgiven for this post:
Almost everyday, the same type of operation
as you mentioned, squeezes in their ads,
between the youtube programs....
.... I am Jason.... and I taught my students
all over the world how to trade Gold and Crude Oil.
These are my millionnaire students, listen to their
testimonies.... LOL
May be there are some trading outfits or brokers or
vendors or some successful traders
who trade their own charts and accounts,
and you only pay whatever sum, you agree to pay,
out of your profitable account only.
I am sure you can find such common sense
operation out there, somewhere.... or maybe
if you ask members of the forum, someone
would know and help you out.
