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TRADEEUROFX.COM FROM CHARLES BOOTH
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TRADEEUROFX.COM FROM CHARLES BOOTH

  #11 (permalink)
Membership Temporarily Revoked
Portugal, Viana do Castelo
 
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Abrito900,

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

Good luck

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  #12 (permalink)
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@abrito900, please clearly state your relationship with this vendor CJ Booth.

Mike

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  #13 (permalink)
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Perhaps...



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.

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  #14 (permalink)
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Wow...


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.

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  #15 (permalink)
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I see this...

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

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  #16 (permalink)
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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.

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  #17 (permalink)
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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.

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  #18 (permalink)
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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.

https://futures.io/traders-hideout/18937-what-happened-cj-booth-whom-started-my-...thread-2.html#post263007


Last edited by Cloudy; April 5th, 2013 at 01:07 AM.
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  #19 (permalink)
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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.

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  #20 (permalink)
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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

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