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Micheal Guess of Tradesafe
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Micheal Guess of Tradesafe

  #1 (permalink)
Turtle Trader
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Micheal Guess of Tradesafe

Hi

Has anybody heard of Micheal Guess, who runs the tradesafe system?

Have recently watched a webinar and thought very highly of him and his system.

I would appreciate if any body could add some comments

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  #2 (permalink)
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  #3 (permalink)
Trading for Profit
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Shahab,

I've never traded his method, but I did do quite an extensive trial with him and was considering him at one point. It just hasn't worked out so far.

If you're looking for something mechanical and not a lot of subjectivity, then this is one to consider. His signals to take a trade are pretty detailed, and if everything lines up you take it, and if it doesn't you don't. Each trade is highly qualified. If one thing doesn't line up, you don't take it. First thing he does is determine if there is a trend, and he has his way of doing that. If it isn't currently trending, he won't trade. He teaches during the trials, so he may miss trades because he is teaching. When you first start training (sim of course), you take all trades if everything lines up. Once you gain experience taking the signals, then the only thing he introduces that does add subjectivity to the trades are S/R levels. He shows you how to draw them up pre market, and if a trade is close to a S/R level, then you may not want to take the trade.

The best thing to do would be take one of his week trials if he still gives them. And oh yeah, be there on time each morning or you will be called out. : )

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trade safe is way too safe

I bought his coarse and spent 3 months in his room and wasn't impressed. First you spend all day waiting for a pull back and if market ES runs 20 pts in one direction you still may NOT have a set up. He only teaches to trade pull backs... Never met anyone that was successful just trading pull backs and not with trend break outs. He demonstrates his technique from SIM 101 account and dosen't trade with real money. I asked him if he makes his money from live trading or from education. He said he makes more money from trading and education is helpful with his taxes. All BS if he teaches from 8 to 1130am every day and then travels and does webinars in afternoon then when does he actually trade. Little disappointed that I waste 2k.

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Valimo View Post
I bought his coarse and spent 3 months in his room and wasn't impressed. First you spend all day waiting for a pull back and if market ES runs 20 pts in one direction you still may NOT have a set up. He only teaches to trade pull backs... Never met anyone that was successful just trading pull backs and not with trend break outs. He demonstrates his technique from SIM 101 account and dosen't trade with real money. I asked him if he makes his money from live trading or from education. He said he makes more money from trading and education is helpful with his taxes. All BS if he teaches from 8 to 1130am every day and then travels and does webinars in afternoon then when does he actually trade. Little disappointed that I waste 2k.


Adam Grimes thinks trading pullbacks is one of the most attainable edges (given other qualifications) a trader can find in the market. I'd assume the vendor was trading concurrently aside from the SIM chart, just to hide account details. I don't know. That part doesn't make sense to me from a transparency/accountability angle.

As for waiting, I think that's actually a hallmark of successful traders from everything I have read. You buy/sell when the setup meets strict criteria that indicate you are more likely to be right than wrong. Now if he's trading counter trend and not entering at the end of pullbacks, in the direction of the trend, then I'd absolutely agree with you.

However, not catching the full run of 20 pts is hindsight analysis. You just need to regularly get a piece of that and cut the losers short, and you'd be a prince.

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If you want the real deal on trading really? Check out my mentor Dan Roe of trade the plan. This guy is for real.

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I have taken the course. You have to be disciplined.

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pfsthib View Post
I have taken the course. You have to be disciplined.

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You have to have discipline no matter what.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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pfsthib View Post
I have taken the course. You have to be disciplined.

Sent using the futures.io mobile app

The presentations show a choice of markets, time frames and exit strategies. That can make a lot of sense for trading, but it also creates a lot of flexibility for slide show presentations.

Could you share your opinion of whether he is trading profitably? Has it helped you towards profitable day trading? Do you feel your money was well spent, or with what you know now, would you prefer not to have gone ahead?

Many thanks

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The course has helped me focus on my trading by keeping me from going down the rabbit hole. I have learned a lot from it. I started the course at the end of last year. Work pulled me away for about 3 months so I am just getting back to it. Once I have 30 trades done I'll post the results. I can't say if he's profitable he takes every trade setup on SIM. I do not regret buying the course.

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