TRADEEUROFX.COM FROM CHARLES BOOTH - futures io
futures io futures trading



TRADEEUROFX.COM FROM CHARLES BOOTH


Discussion in Trading Reviews and Vendors

Updated by Big Mike
      Top Posters
    1. looks_one jsengxx2 with 15 posts (15 thanks)
    2. looks_two Cloudy with 8 posts (15 thanks)
    3. looks_3 Big Mike with 6 posts (21 thanks)
    4. looks_4 bobbyacim with 6 posts (6 thanks)
      Best Posters
    1. looks_one Big Mike with 3.5 thanks per post
    2. looks_two Cloudy with 1.9 thanks per post
    3. looks_3 wldman with 1.5 thanks per post
    4. looks_4 jsengxx2 with 1.0 thanks per post
    1. trending_up 13,999 views
    2. thumb_up 75 thanks given
    3. group 7 followers
    1. forum 47 replies
    2. attach_file 5 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Closed Thread
 
Search this Thread
 

TRADEEUROFX.COM FROM CHARLES BOOTH

(login for full post details)
  #11 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

Abrito900,

Ask him about my trading plan, get a copy and maybey you can learn something.

Good luck


 
 
(login for full post details)
  #12 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,897 since Jun 2009
Thanks: 31,581 given, 94,512 received

@abrito900, please clearly state your relationship with this vendor CJ Booth.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #13 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,223 since Aug 2011
Thanks: 1,878 given, 7,949 received



abrito900 View Post
CJ has dumped all payed indicators he used in the past, he only uses free stuff now.

Over time he has made his method simpler and relying less on indicators and more on understanding what's happening.

the single most insightful post EVER on futures.io (formerly BMT).

Credit where credit is due, not to take anything away from Mr. Booth.

Visit my futures io Trade Journal
The following user says Thank You to wldman for this post:
 
(login for full post details)
  #14 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,223 since Aug 2011
Thanks: 1,878 given, 7,949 received


jsengxx2 View Post
After having attended the free preview off Charles Booth and after having emailed him, I have discussed some aspects with him just before he launched his site, I have concluded that he is just an other market charlatan.
Another loser that could not make it and now is teaching other people with something that he cals a strategy.
In the last email he treatens me, just read:

From Charles Booth:
´´If you knew my trading method instead of trying to get something for free you would know why I take profits where I do. This strategy is strictly rule based on entries and targets.

I am aware that you contacted a trader that knows my method in an attempt to get my method for free, let this be a warning, also you have done this after telling me that you cant trade because you are busy remodeling your house. Someone that may be dishonest really has no business ripping a trading method you do not know enough about.

The setup you refer to on the news was a price action setup. I take the trades, I did not answer your question yesterday because you are not a student of mine – had you been I would have and you would have known why the trade was taken and why you would only take 8 ticks.

I am not interested in your trading plan but I will wish you luck in your trading. Head the warning concerning your attempts to get my method for free, you & the person if any that discloses this method without being a student can find yourself in a situation you do not want to be in.´´

If I remember the indicators that he is using are free indicators so we can not trade with them because some one is just running a web site with some kind of strategy???

He uses one chart with an unirenko bar with settings T=1, R=9, O=4. The large time frame is a unirenko bar with settings T=8, R=24, O=8.
Indicators:
Trigerlines, period=80, trigavg=20
EMA50, EMA200.
Swing indicator setting 5
Triggerlines, period=30, trigavg=20
Unirenkobarclose, offset -1

He cals it price action but you can not see price action from a renko bar. Renko bars are a king to show you support and ressistance but I repeat you cannot see price action from a renko bar. You need to take time into account to see price action!

Just be careful!! This is another strategy that will work when the market is trending but 70% off the time it is not and then you will lose a lot more than you are winning.

I have attached templates from the charts I described here.

If you want to learn trading spend many hours watching it and don´t trust anybody that is trying to sell a holy grail.
If they where successful they where not teaching people how to trade!

How the modest guy that "learned" trading after a primary career somewhere else has changed. Interesting.

Visit my futures io Trade Journal
The following user says Thank You to wldman for this post:
 
(login for full post details)
  #15 (permalink)
Legendary Market Wizard
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,223 since Aug 2011
Thanks: 1,878 given, 7,949 received

thread not making it past dinner this evening...The light of day it shall not see...my prediction

Visit my futures io Trade Journal
The following 2 users say Thank You to wldman for this post:
 
(login for full post details)
  #16 (permalink)
Como Italy
 
Experience: Intermediate
Platform: Ninjatrader, customized
Trading: ES
 
Posts: 526 since Feb 2010
Thanks: 471 given, 638 received


wldman View Post
How the modest guy that "learned" trading after a primary career somewhere else has changed. Interesting.

I suspect the strategy has changed, I don't think he has.

The following user says Thank You to futuretrader for this post:
 
(login for full post details)
  #17 (permalink)
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 837 received


jsengxx2 View Post
He cals it price action but you can not see price action from a renko bar. Renko bars are a king to show you support and ressistance but I repeat you cannot see price action from a renko bar. You need to take time into account to see price action!

I've yet to find any absolutes in trading, can you explain further? Thanks.

The following user says Thank You to vegasfoster for this post:
 
(login for full post details)
  #18 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,368 given, 1,707 received

I think in general he means with Renko it's very hard to see price action of individual candlesticks. Other versions of Renko may have spikes and tails and varying gaps. But it's completely different looking bar price action than say minute or tick charts.

When I was in CJ Booth's room he would emphasize price action, but I think it was more in the terms of overall swing price action i.e. like counting and examining the swings and legs of price movement and "higher highs and lower lows", which I agree is still a valid form of price action, but his method did not incorporate really any of Brook's ideas nor the candlestick "bar by bar" formations except maybe the spinning top or similar doji as a possible entry signal.


Visit my futures io Trade Journal
The following user says Thank You to Cloudy for this post:
 
(login for full post details)
  #19 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

What I mean is that with this renko bars or unirenko you cannot see congestion zones because they only take price into account and not time. You need to see that congestion zones to trade price action. This zones are marked as a high probability to enter a trade.

 
(login for full post details)
  #20 (permalink)
Lisbon - Portugal
 
Experience: Beginner
Platform: Ninja Trader
Broker: Amp Futures/Zen-Fire
Trading: 6E
 
abrito900's Avatar
 
Posts: 30 since Mar 2010
Thanks: 7 given, 20 received



Big Mike View Post
@abrito900, please clearly state your relationship with this vendor CJ Booth.

Mike


Mike,

I know Charles since his thread here and been in contact with him ever since, I consider him a friend and I know his method.

That said, you may have noticed that I did not start this thread nor did I write any "great reviews" about him. I don't think I should since I'm biased and that is not the spirit of this forum.

I simply stated 2 things:
That he no longer uses payed indicators and that those templates posted are wrong.

If someone here wants to pick a fight, leave me out of it, I won't be a part of it.

I'll not write any more on this thread or in any other regarding this subject.

Adelino

The following user says Thank You to abrito900 for this post:

Closed Thread

futures io Trading Community Trading Reviews and Vendors > TRADEEUROFX.COM FROM CHARLES BOOTH


June 18, 2013


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts