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TRADEEUROFX.COM FROM CHARLES BOOTH


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TRADEEUROFX.COM FROM CHARLES BOOTH

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  #21 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

Screen shots from CJ Booth.

Judge for yourself

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  #22 (permalink)
Site Administrator
Manta, Ecuador
 
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abrito900 View Post
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

OK, I just noticed you and he were both logging in from the same computer.

Mike

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  #23 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011


The last mail received from CJ Booth:

´´this will be the last correspondence I have with you. You have stolen my trading method by taking screen shots during your preview – but I tell you the charts you posted trying to show how big you are are not right – that band is not a Keltner Channel and you have other settings that are not right.

Next time you want to accuse someone of not trading what they teach – know what you are talking about – you owe me an apology but I don’t expect one from a person of your morales´´

People don´t expect any thing from this guy!!

 
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  #24 (permalink)
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  #25 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

This al began because off my last email send to CJ Booth:

´´Hello Charles,

After seeing your free preview of your course, I have followed your trading strategy and If I am honest, if I compare this with your trading plan from futures.io (formerly BMT) I think your are making a step back. From the stats that your are posting on the web I honestly don´t think your are trading this for example the trade of yesterday. You enter right on a news event and the move went only 9 ticks up retraced back and then makes a LH and you take 8 tick out of it, you can only make money if you let the market move and that is what you are not doing by taking 8 ticks and not waiting for the 16 ticks as you mentioned in the preview. Move the stop only to the next LH or HL!
I think that renko charts are king in displaying support and resistance levels but you cannot read price action from them. Sometimes you need time to see a trade developing and that is the major problem with using only renko charts in your trading strategy, I repeat, you cannot read price action from them.

If the market is trading like today all strategy's work but this only happens about 30% of time, the rest of the time they don't work and you will be given all off the gains or more back to the market.

Please don´t take the negative comment´s, if you can comment this like this, as an insulting.

I have worked on my strategy that I have emailed to you and have implemented the unirenko chart that you are using in your strategy for entry´s. I was struggling with my entry´s and stop losses and you helped me improving this last element.

I´am sending you a copy of my trading plan. It is al based on daily pivot point. If you can take some time and open a 6e chart and put pivot points on it you can see that the market respects this levels. You can not trade them blindly but almost always there is a setup at pivot points with confirmation of a divergence sometimes this divergence is confirmed at different time frames this are the most powerful signals in the market.

I´am interested in running a trading room in the near future. By this I mean a trading room where the attendees can see what I´am doing and trading at the chart trader in front of them not like in all other rooms that I have seen where they trade at the back ground and only are showing the trades when they have moved there stoploss to breakeven and hide all other losers ore they mention a trade and then when it moves against them the say that they have not taken the trade because off blablabla...
I´am looking for someone that can work with me, running the trade room, and I think you have the scales and knowledge. I think that we all need a trading partner just too see the failures off the partner and vice versa. It is always difficult to see our one mistakes.
If your are interested in this let me know.

Best regards,
Joao Soares


P:S: take a look at my trading strategy, don´t look at the first part that is personal blabla and comment it.´´

And the response was this from CJ 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.´´

An email with 2 warnings, WOW!!!

I guess the other trader that he mentioned is abrito900 the guy that logged in on futures.io (formerly BMT) from the same computer.

 
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  #26 (permalink)
Legendary Market Wizard
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Big Mike View Post
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Mike

the presentation of false communication that causes harm. My OPINION is that there is no libel here.

Guys, just don't engage in the petty BS stuff. Avoid responding to stuff and without an active audience things will fall away pretty fast.

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  #27 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

Cloudy,

This is not about that he has declined my invitation to begin a trading room.
It is about this:

´´ let this be a warning´´
´´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.´´

This are his words.

 
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  #28 (permalink)
Portugal, Viana do Castelo
 
Experience: Intermediate
Platform: ninjatrader
Trading: 6e
 
Posts: 343 since Sep 2011

We are free to express ourselves!

 
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  #29 (permalink)
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jsengxx2 View Post
Cloudy,

This is not about that he has declined my invitation to begin a trading room.
It is about this:

´´ let this be a warning´´
´´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.´´

This are his words.

right. Hysterical and empty.

Just let it go, both of you. Move on.


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  #30 (permalink)
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I hope I'm being fair here. I didn't intend to get into some kind of bickering. Some of us futures.io (formerly BMT) members were students of CJ in the past. (Although it seems I'm the only former CJ student from futures.io (formerly BMT) commenting although I still see a bunch of you others here.) From what we saw in his old thread and in the room, CJ came from a humble retail trading background and shared a lot on futures.io (formerly BMT). Most of us made money sticking by him and following his calls and were appreciative of his free trading room sessions and instruction. I personally made over $10k after being in his room for months. That was from many hours from 12am to 8am pst waiting for good setups following CJ's lead. That said, I really shouldn't comment about CJ's state of customer service now since I hadn't interacted with him since last Feb. when the old room was shut down. And the layout of his current trading services which is a fee for 12 weeks of one-on-one training then afterwards, entrance to his current private trading room sounds fair enough if a bit pricy at first. But then again, there are dubious vendor organizations out there that offer one-on-one mentoring for $8-10k or so and they call you with different salespeople.

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June 18, 2013


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