So far the site looks like it's only one-on-one mentoring and initial contact is by email/skype. So there is no website cart to purchase indicators or specific course materials as of yet. Someone said he heard it was $1500 for the mentorship. I would assume it would be a full mentoring by phone and/or shared desktop/webinar until the student can trade by himself using CJ's new methods.
The info and links to his old method which he shared on futures.io (formerly BMT) is here:
CJ Booth has more information about his mentorship program. First there is a disclaimer agreement button,then
the course is shown in more detail: Education-program at Trade the Euro Futures
Which seems to be 6 months, or 26 weeks divided in 4 steps. Where one is guided from learning about the program's brand of price action in the first step, sim in the 2nd step, live trading in the 3rd step and joining the trading room in the last step. With constant feedback and communication with the student throughout.
Interesting to hear that. He had used or tried to incorporate stuff from NexGen, Hawkeye, Kwik-pop, Js-services etc.
As members of his early free room, we had to subscribe to Kwik-pop or JS for a while.
As of now, I've ditched all paid third party indicators too, except for one , Barry Taylor's "better pro-am". "tradeeurofx.com" site mentions "price action" a lot. I think anyone serious about real price action should at least have gone through Al Brook's book(s), the original or the new set. Maybe CJ has learned more about price action since the time he was here on futures.io (formerly BMT).
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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!
CJ Booth mentioned a Portuguese student that he had and with the name he gave to me I came too you. I emailed you and you mentioned that you where not a student and that you talk with CJ Booth every day. I then asked you if you knew the settings off the keltnerchannel to create the volatility band that CJ Booth is using, No reaction but this are the words from CJ Booth:
´´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.´´
So you work with CJ Booth, and you come here just to protect your business?
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.
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.
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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´´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´´
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Moderator Notice
Hi guys,
Since I am receiving emails from this vendor (Charles Booth) saying posts within this thread contain libel, I just want to remind everyone of a few things:
- If you have direct experience with this vendor, you are free to share your experience
- When talking about such things, make it clear you are stating your opinion
- Posts not authored by Charles Booth should not be confused with his paid method, such as chart templates or etc
- futures.io (formerly BMT) does not tolerate libel
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.
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.´´
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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He was pretty good about sharing in his thread and I think ( on futures.io (formerly BMT) anyway ) it could be constructive and not turn into he said/she said kind of thread.
Just my 0.02
Math. A gateway drug to reality.
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He is not welcome on futures.io (formerly BMT) due to him using futures.io (formerly BMT) to promote his vendor business against our rules. Please keep in mind I gave this guy a free iPad years ago for winning one of our Journaling contests, so the decision was not taken lightly but I did not appreciate his tactics.
I'd also like help from futures.io (formerly BMT) members that might follow CJ to ensure he is not using any Elite tools from futures.io (formerly BMT), as he is not/was not an Elite Member - but another Elite Member in this thread gave him his Elite login info (also against our rules). I am not saying CJ used this Elite login to download Elite only tools, only that since the login info was shared, I would like help from members to make sure he is not using any Elite stuff.
That is the last thing I have to say on this subject.
I have not posted for a long time because I literally had given up on daytrading after blowing up three accounts in the past few years, you may have re-called I became a poster child for a "loser trader" complete with a cartoon depicting me as a baffoon.
Thanks to Charles and his mentoring my trading has definitely turned around. His new approach is very different from the former method. It is very robust! He has found a combination of simple moving averages alone with a unique type of unirenko bar that offers a very clean chart and really great high probability trades(80%)
I am now making consistant money every day with only ONE contract!!!!!
Not making a fortune, usually on a good 6-7 hour night I average $200-250.
But as my account grows I will slowly add more contracts....
Some people here can not help being envious of a man who shared everything for free.
Now he charges(just a little money) in order to weed out the true losers on this site who talk out of their AxxHxxxs
Nice to see you back and thriving on your trading. So you went ahead and had some mentoring under CJ? Does he have some special for former students in his old free room? Above 1k is still not "little money" considering you said you had spent 10k in your old thread and actually many of us have spent 10k and usually over for a lot of "trading education".
I have to say though, 6-7 hours for 20 to 25 ticks still seems kind of slow and waiting a lot unless it's a combination of win/loss over that time period. I'm now doing 15-20 ticks average in usually less than an hour with my own methods.
But glad to hear you are finally consistent. Congrats!
The following user says Thank You to Cloudy for this post:
Dear Cloudy,
Congrats to you as well, especially if you do not have to stay glued to your monitor for 6-8 hours waiting for the perfect setup! Yes its slowgoing, however til now I have not found anything that aproaches a 75-80% win rate like Charles method. Hey why don't you soot me an email at bobbyacim@netzero.net and we can share some success tips.
I have followed his method and it is al about support and resistance levels just see it as a building where the floor is a support and resistance level.
I have some doughs about his performance because in some trades he is giving the trade some time and in others he moves his stop up so the trade is giving him -6 ticks instead off -11 or -12 ticks.
Another factor is that he is mentioning on his website trades that are taken by ´´institutions´´. Trading in direction with institutions.
And another factor is that he is posting his performance based on 2 contracts. Why not post the results off one contract and then you can multiply that by the amount off contracts that you are trading? Traders don´t think about how much money the are making but they are ´´playing a game´´ where it is all about points or ticks, If you think about money than you can not trade without fear and that is the biggest problem losing traders have.
And if you follow his trades than you will get some more ????????? because off trades that are taken right at a news event where you get x candles in a fraction off a second. Based on his entry criteria you cannot place a trade at that moment because price is moving too quickly just too place a trade at a certain price level.
If he wan´t too proof something just post the account performance from NT then I will believe his performance.
Just something about the time that you spend and just making 15 or 20 ticks a day I think that that is not that bad. When I trade, I have not get the time right now too trade will be trading full time from September on, I spend about the same time as you for about 6 too 8 hours a day just looking for the right trade at the right support and resistance levels and looking for a 20 tick gain per day. Markets are not always moving, so just look for the right moment to enter.
Sorry to say, you are talking out of your Bxtthoxe!
Support and resistance is just a small but important part of Charles's method. The method is a lot more precise than that alone!
The man supports himself strictly on his trading method, who else in this forum can claim that????
I have taken his mentoring course and it is responsive for turning my trading around. I am finally profitable!!!!
I know the trades he takes are REAL because I take the same trades and they have produced a profit for me!!!!!
Please STOP pretending you know his method, and if your trading sucks just like my trading did, then I urge you to take the plunge and sign up, you will not regret it. I personally guarantee it!!!!
How is trading going? When will we see some screen shots from your P%L?
The strategy looks very interesting but without reel proof it is rely hard too relay on some one that is trying to sell something.
I am not saying Charles method is "perfect" "never loses" "never has unprofitable periods" What I am saying is in my 6 years of feverish searching for a method that gives the small retail trader a chance to make money with 1-2 contracts, Charles method is the very BEST I have seen!!!!!!
What might make it unpopular with some is the misconception perpetrated by the so called "dream merchants" that you can open your laptop, invest a few minutes, make cash$$$$ and close down and go on your merry way.
With Charles method, you need to invest the time for that so called "perfect setup" sometimes it may come in an hour but often times it may take 4,5, 6 hours of screen time for the right setup to appear, alas its a JOB, like any other job (sorry for the reality check) however its a job you can do in your pajamas, sipping your favorite brand of coffee......
I have even tried to improve the method by adding indicators of my own, -NO GO-, the method is at its optimum as it stands!! This method is the only one I know that really offers someone the opportunity to support themselves strictly from their trading endeavors'.
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Bobby,
You really need a lot more experience. I am direct with you because I think it is the best approach, no sugar coating.
In the past you have gone on and on and on in threads on futures.io (formerly BMT) about only doing business with vendors who can prove they are profitable. So, please post the tax returns and broker statements of Charles Booth immediately.
Also, since you are now recommending his service, and you have stated you are profitable, then since you have been so steadfast in the past about needing proof of P&L, you should also post your tax returns and broker statements.
Last, telling someone they need to invest time in a method is quite obvious. You were told the same thing, but refused to listen to anyone --- and judging by your posting patterns and the post content, all you have done is continued to search for OTHERS to teach you how to trade, instead of actually becoming a trader. Traders LEAD. They do not FOLLOW.
You may have fooled yourself, but please - stop with your posts on this subject because I don't want anyone else to be fooled by you.
I do not know what the hexx this giberish of yours is suppose to mean?
I am just saying That I am profitable now thanks to Charles's method, but more importantly I wanted to clear up the misconception that you can trade for a few minutes and be done!
I end with a simple question to you Big Mike, Are you profitable? After all, you have been at this a lot longer than most of us or does this site's profits substitute for your trading profits?
I expect to be banned from this site just like you banned Charles after he won YOUR TRADING CHAMPIONSHIP hands down!!! Hey, your the king, its your site, and to quote you "this is not a democracy, I rule"
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Yes I am profitable, and yes I also make money on futures.io (formerly BMT) in exchange for my work on it.
I am also done with you and as you mentioned, Charles. So after I ban you I will lock this thread and the rest of us can move on. I have learned there is no way to make everyone happy all the time. In the end, it is my site and I will protect it when given reason to do so.
