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Futures FX and Donchain Channel


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Futures FX and Donchain Channel

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  #1 (permalink)
 Alan 
Sydney - Australia
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Velocity Futures
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Posts: 155 since Jun 2009
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I watched a webinar today from Futures FX.

Simon seems to use the Donchain channel with an EMA and a MACD on his main chart and then has market profile showing below the above chart.

My questions to fellow futures.io (formerly BMT) members are as follows:

1. Has anybody signed up or tried Future FX? If so, is it a good educational site or just another futures rip off trading room?

2. Does anybody trade using the Donchain channel? This channel indicator looks very interesting and not too dissimilar from a Keltner Channel or BB, so far as channeling goes.

The website for Futures FX is FUTURES fx




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  #3 (permalink)
cber68
Crystal Lake,IL
 
 
Posts: 5 since Mar 2010
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Donchian Channels are formed by H(upper) and L(lower price bars over x bars on chart. Look up turtle traders from GS in the past. There should be a centerline average, however some software only plots H/L brackets. One way to get your centerline is 1. write the code or 2. use Ichimoku study Tenkan-Sen or Kijun-Sen set to the same periods as the donchian channel. I have had success in ES with 7-21 cross only long> 34 ema or short<34 ema. 50 sma can be substituted. scale when top or bottom H?L channel is hit then keep runners. I would use an oscillator in conjuction, like stoch 14,3. I actualy like this set-up gl Hope it helps

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  #4 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
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Alan View Post
I watched a webinar today from Futures FX.

Simon seems to use the Donchain channel with an EMA and a MACD on his main chart and then has market profile showing below the above chart.

My questions to fellow futures.io (formerly BMT) members are as follows:

1. Has anybody signed up or tried Future FX? If so, is it a good educational site or just another futures rip off trading room?

2. Does anybody trade using the Donchain channel? This channel indicator looks very interesting and not too dissimilar from a Keltner Channel or BB, so far as channeling goes.

The website for Futures FX is FUTURES fx





I am with simon futuresfx room and i should say its one of the topnotch rooms in the industry. its not exactly a trade calling room, but more a mentoring session where simon displays his trading screen and takes trades in front of his students. If u have been to his webinar, he shows you videos of how he trades in front of others. Prior to meeting simon, I was with a mentor who did around 93% but he NEVER showed his trading screen. Simon does not venture into showing trading logs and u dont see his win rate, but he shows all the trades he does. Unless there are tradingrooms with such transparency, I would believe any1 claiming a high win rate yet fails to show his trading screens.

Also, imagine the opportunity cost of trading in front of his students. I am sure simon can make much mo money trading his account rather than fielding questions for students paying a mere 30$ for a monthly subscription to the room.

I give him and his method 5 starts

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  #5 (permalink)
 jgreene 
Palm City, Fl
 
Experience: Beginner
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Posts: 23 since Mar 2010
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nqcruiser,

How long you been with him? I checked out his web site and software looks strong and somewhat easy to use.

How many other sites have you tried?

In your last sentence did you mean 5 stars and not 5 starts?

Thanks,

Jack

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  #6 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
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jgreene View Post
nqcruiser,

How long you been with him? I checked out his web site and software looks strong and somewhat easy to use.

How many other sites have you tried?

In your last sentence did you mean 5 stars and not 5 starts?

Thanks,

Jack

hey mate thanx for the question. I am since 2005 in forex and since 2007 in futures. I have tried,with varying success, the following outfits:
Learn Forex Trading With ForexMentor | Forex Trading Courses
Futures Trading Secrets Trading Course - Strategies and techniques that will make you money!
E-mini Day Trading
and many others.

No one of them shows you his or her trading screen, with the order entry, and shows exits. Simon, on the other hand, does show each and every trade he takes in the room. the room, really, is a mentoring forum, showing how he takes trades with the method he teaches. surely, his very presence and sharing with students takes away from his own trading, as he misses opportunities while helping students. he has a larger account that he trades in the euro session or us session outside class. however, his daily class is there to show students how he reach his goal of 500$ a day, which he exceeds on many occasions.

i give him 5 stars. Simon, of course records his sessions and encourage students to record their own trading, so that they can go back and check what went right and what went wrong.

plus prospective students are allowed to visit the room and see the action. he has a special method with the delta, particularly the bid and ask,which u wont see on this forum or other forums.but the delta is an adjunct to his method and plays second fiddle.

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  #7 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
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for the record, i have tried numerous trading rooms, including but not limited to:
Ace Trades. Winning Trade Techniques. home
Naturus.com Subscription Service for Futures Traders

as well as another 93% winning rate trader with a 3k system. None of them came close to matching the transparency and honesty.

i trade from east africa on a dialup connection

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  #8 (permalink)
azjeff
Los Angeles California
 
 
Posts: 6 since Jul 2010
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Hello nqcruiser,

Nice of you to share your information. A general question on average how many points per day have you made from his trade calls in the room? Does he give enough notice so that you can enter/exit the trade at the sames time he does?

Regards,
Jeff

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  #9 (permalink)
 skf42005 
New City, NY
 
Experience: Advanced
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Can anyone tell me how long it took to catch on to how to effectively utilize Market Delta the way that Simon uses it?

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  #10 (permalink)
 vegasfoster 
las vegas
 
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3 years, 5 months, 8 days, 13 hours, 21 minutes and 34 seconds. Give or take.

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  #11 (permalink)
 cory 
the coin hunter
virginia
 
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vegasfoster View Post
3 years, 5 months, 8 days, 13 hours, 21 minutes and 34 seconds. Give or take.

+/- a couple of years and you have about the right numbers.

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  #12 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
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I want to eat my words and confirm to all and sundry that futuresfx is a highly rated site full of hype. in practice, simon moves stops and he has the stupid money management idea of when he looses, to double or triple next trade to get it back,. i stop going to his website and webinars, he uses a simple donchian channel of twenty and entices traders with a free marketdelta that works better than all the delta indicators, as it runs on oec. u can get the same indicator from them without simon's system tough u need to open an account. main thing is, he waits when orders dry up which he calls by seeing a 0 at one side at critcal levels. u can do the same thing with volume ladder just watching when one side dries up at critical s&r levels. there is no need absolutly to purchase his system. he calls the drying up of one side capping. well the info on it is secrett but watch when 0 comes up at either bid or ask at s&r levels and u got yourself same thing is simon.


nqcruiser View Post
hey mate thanx for the question. I am since 2005 in forex and since 2007 in futures. I have tried,with varying success, the following outfits:
Learn Forex Trading With ForexMentor | Forex Trading Courses
Futures Trading Secrets Trading Course - Strategies and techniques that will make you money!
E-mini Day Trading
and many others.

No one of them shows you his or her trading screen, with the order entry, and shows exits. Simon, on the other hand, does show each and every trade he takes in the room. the room, really, is a mentoring forum, showing how he takes trades with the method he teaches. surely, his very presence and sharing with students takes away from his own trading, as he misses opportunities while helping students. he has a larger account that he trades in the euro session or us session outside class. however, his daily class is there to show students how he reach his goal of 500$ a day, which he exceeds on many occasions.

i give him 5 stars. Simon, of course records his sessions and encourage students to record their own trading, so that they can go back and check what went right and what went wrong.

plus prospective students are allowed to visit the room and see the action. he has a special method with the delta, particularly the bid and ask,which u wont see on this forum or other forums.but the delta is an adjunct to his method and plays second fiddle.


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  #13 (permalink)
 skf42005 
New City, NY
 
Experience: Advanced
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Trading: CL, Currency Futures
 
Posts: 7 since Apr 2010
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Nqcruiser, thanks for the update. I was feeling that it may just be a bunch of hype. Can I ask how he can get OEC's market delta for free without opening an account while you're saying you need to have an OEC account to get it?

On a side note, I realize the question I was asking about how long it took for people to catch on to Simon's tape reading was a relative one where it would be different for every person , but I was hoping to get an idea if it was something that was more an art (sort of a feel) which would take much longer to learn as opposed to what Nqcruiser mentioned that he looks for his capping at support/resistance. The sarcastic comments from the peanut gallery (aka vegasfoster & cory) do nothing except maybe make them feel like they are some big ass traders, but in reality it most likely comes from their insecurity as traders that they have to put other people down to build themselves up. Grow up!!!

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 nqcruiser 
Cape Town, South Africa
 
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well i think simon's stuff are a little more straight forward than others i have seen. the problem is that his setups r far from being damned high probability. i have traded numerous setups with capping, only for the stupid cap to be exceeded. unlike other hardened professionals, simon takes heat on lots of trades and those heats translate into embarassing losses for a professional of his stature. he does have his screen up at all times, which is something mr jay of www.daytradingthefutures.com never dreams of. yet simon charges 30$ for his room opposed to mr jay's 500$.

the learning curve is shorter and u can get going in a matter of minutes. however, simon does not encourage or even know replaytrading. i think one has to check out a method in replaytrading, and see especially how to cope with the setups leading to losses.

i would say simon's method, if well mastered, would work best in congestions and range bound trading days.

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 nqcruiser 
Cape Town, South Africa
 
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vegasfoster View Post
3 years, 5 months, 8 days, 13 hours, 21 minutes and 34 seconds. Give or take.


i have said i am in forex since 2005 and in futures since 2007. some1 pm'd me and allege i said i am with simon since 2005. this is far from the truth. i know simon since april 2010.

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 don10 
Noosaville QLD Australia
 
Experience: Intermediate
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Hi Alan,
I recently joined the FuturesFX.ca membership. My menbership came with 3 months included in the room for live training with Simon. I have not started the in room live trading yet because of other committments, and time zone differences. When I joined all new members were given 1 session with Simon trading live, if anyone wasn't happy after this session (about 4 hours live trading) he offered a full refund if you wanted this. He is the real deal. It was a very flat market which he pointed out during the session. He still managed to make a profit of aprox $550 for the session. I think from memory he did 11 trades, 9 winners with 2 loosers. I didn't think for 1 moment to ask for a refund. Watching him trade was impressive.
I have just been doing the archived video lessons so far. There is a massive amount of lessons showing his live trades and his methods, with new lessons posted when Simon considers them a good recording to learn from.
I feel from what I have done so far just by learning from the Video Archives in the members area, I already have received the value of the fee to join. So I have no hesitation in recommending Simon at FuturesFX.
Hope this helps,
Regards,
Don

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 sambar 
belfast
 
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Hi All
I have been in Simon's room for about 6 weeks. I totally recommend his mentoring although his style of trading will not appeal to everyone. Since being a student I have only seen one losing day of a couple of hundred dollars all other days he makes at least 500 dollars. Simon is one of the very few in the trading industry who you can see trade his own live account but he will miss a trade if any of his students has a question. No question is to trival. The guy is completely genuine and wants all his students to succeed. All I can say is I am glad I joined futuresfx and through them have met some great trading friends

Sam B

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  #18 (permalink)
Thom
Safford, Arizona, USA
 
 
Posts: 6 since Oct 2010
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Hello,
I have bought into three courses the third one being Futuresfx and I will go on to say that I sincerely believe it will be the last course I will ever have to buy. Simon is not only an excellent teacher he also has a positive attitude, is totally honest and has a great sense of humor.

I was not in the room very long before I began to consider him a friend, a friend that is concerned about my well-being and a mentor that will go the extra mile to help you become a successful trader.

I have been with Simon now for just over a month and I could see from the very beginning that his course was going to be a plus. I was making good trades in less than a week. But at the same time I understood that it is going to take time and hard work before I will even come close to being the quality of trader that Simon is.

Simons success will be viewed by some as just so much "hype", there will be negative posts, but in actuality he is the real deal. I serfed the net before signing up for his course and I could not find anything negative about him or his web site. NaySayers>>Don`t cop an attitude before you know what is going on!

If you are looking for training I would suggest trying him out. He offers a free opportunity to watch him trade live before you are locked in to any binding agreement. His prices are very reasonable and for continued access to the live trading room after the initial 3 months is only 30.00$ a month. Nothing to lose- for serious traders this is an opportunity to get the training that will help you become a successful trader.

Thoma$

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  #19 (permalink)
Thom
Safford, Arizona, USA
 
 
Posts: 6 since Oct 2010
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jgreene View Post
nqcruiser,

How long you been with him? I checked out his web site and software looks strong and somewhat easy to use.

How many other sites have you tried?

In your last sentence did you mean 5 stars and not 5 starts?

Thanks,

Jack


Does it really make any difference? LOL//Thoma$

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  #20 (permalink)
 ctbaran 
WPB, FL
 
Experience: Intermediate
Platform: NT
Broker: AMP/CQG
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Thom View Post
Hello,
I have bought into three courses the third one being Futuresfx and I will go on to say that I sincerely believe it will be the last course I will ever have to buy. Simon is not only an excellent teacher he also has a positive attitude, is totally honest and has a great sense of humor.

I was not in the room very long before I began to consider him a friend, a friend that is concerned about my well-being and a mentor that will go the extra mile to help you become a successful trader.

I have been with Simon now for just over a month and I could see from the very beginning that his course was going to be a plus. I was making good trades in less than a week. But at the same time I understood that it is going to take time and hard work before I will even come close to being the quality of trader that Simon is.

Simons success will be viewed by some as just so much "hype", there will be negative posts, but in actuality he is the real deal. I serfed the net before signing up for his course and I could not find anything negative about him or his web site. NaySayers>>Don`t cop an attitude before you know what is going on!

If you are looking for training I would suggest trying him out. He offers a free opportunity to watch him trade live before you are locked in to any binding agreement. His prices are very reasonable and for continued access to the live trading room after the initial 3 months is only 30.00$ a month. Nothing to lose- for serious traders this is an opportunity to get the training that will help you become a successful trader.

Thoma$


Mik & Thom = Futuresfx

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  #21 (permalink)
 doorman901 
Las Vegas Nevada USA
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES,futures,gold,oil,eur
 
Posts: 1 since Oct 2010
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I have been in 4 different chat rooms for live trading . Simon & his Futures FX is the most simple & very strate forward room that I have been in . Simon is very understand to the needs of his menbers & trys to help them out to make trading easy to understand. He answers all ??? that are ask & show each trade & tells why he takes the trade before he takes it . If your looking for a trading room to sighn up with. Then you should look at Furtures FX

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  #22 (permalink)
 tony2604 
Europe
 
Experience: Intermediate
Platform: NinjaTrader, CQG Trader
Broker: Mirus
Trading: currency futures, forex
 
Posts: 73 since Apr 2010
Thanks: 37 given, 20 received

Hello Guys´n´Girls,

I´m in Simons room too and I can recommend it. Simon does concrete explanation of what he is doing and you can see his trades. Of course one can find another way to trade - there´s every time the possibilty to do different. But we have very tight stoplosses - and this is important for my trading - as Simon determines exactly where to enter. He examines with Donchian, MACD, EMA, Fibs in different timeframes and we watch the volume. I´m lifetimer member in 2 other rooms, too and for me Simons trading and analysis is a very important part in my - succesful - trading!

Simon, hereby I want to thank you for learning me reading the footprints to understand better what might happen because of understanding the volume!

Best
Tony

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  #23 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
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I agree with nqcruiser in that simon trade management is a sham, and this has been confirmed by a friend of mine who is a member and who can never seem to get past trading 1 contract as the losing trades wipe out the very small winners, and he also tells me that simon has a few members in his room that have done some videos for him and in those videos they do not even trade simon s method so what does that tell you!!!!

I must say he does seem an honest guy and does show his trades but are they real or is it a sim account?.

Also he seems to be doing a lot of advertising and webinars, is this because he needs the money? plus where does he find the time to do webinars and teaching and load videos and run a site and then trade as well.. come on please.



Like nqcruiser says what Simon is looking at is not rely capping its just a 0 at the bid or the ask, this does not mean we have capping, to understand order flow you need more than this simple concept and need to understand the volume implications as well, he claims in one of the videos that DB from OFA is doing the same as him but believe me he is not, DB has a much better understanding of volume and order flow and does not use a 20 period line to show support or resistance,, come on its a line from 20 bars ago what real significant does that have??
I would say spend your money on really learning what the market is doing such as DB from OFA or Kam from L2ST, way better education and they work.





Just my opinion



Daz







nqcruiser View Post
I want to eat my words and confirm to all and sundry that futuresfx is a highly rated site full of hype. in practice, simon moves stops and he has the stupid money management idea of when he looses, to double or triple next trade to get it back,. i stop going to his website and webinars, he uses a simple donchian channel of twenty and entices traders with a free marketdelta that works better than all the delta indicators, as it runs on oec. u can get the same indicator from them without simon's system tough u need to open an account. main thing is, he waits when orders dry up which he calls by seeing a 0 at one side at critcal levels. u can do the same thing with volume ladder just watching when one side dries up at critical s&r levels. there is no need absolutly to purchase his system. he calls the drying up of one side capping. well the info on it is secrett but watch when 0 comes up at either bid or ask at s&r levels and u got yourself same thing is simon.


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  #24 (permalink)
Thom
Safford, Arizona, USA
 
 
Posts: 6 since Oct 2010
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My main reason for posting is to defend the trading class that I am a member of. Naysayers like "nqcruiser and daza" are- no more no less -than just naysayers" They simply are copping an attitude about something and someone they know absolutely nothing about.

I feel by attacking the class that I am a member of is the same thing as attacking me.

Maybe you should eat something nqcruiser, but instead of eating your words I would suggest a serving of humility might serve you better. Along with that a side dish of education and some intellect for dessert may help to rid you of your negativity and perhaps give you a boost in the right direction. "Same applies to you daza".

Don`t let the fact that these two or three people who are so called "elite" members of this forum make you think they are gurus` of any stature. I would venture to guess that their "elite"nest goes no futher than this forum.

As for Simon I have allready posted what I think about him and the program that he is conducting. "He is honest with a positive attitude and is very qualified to guide you along a successful path of trading the futures.

As for myself, I have no financial interest of any kind in Simon`s program and I am nothing more that a happy member of his class.

PS: I use to sign my name as Thom,,,, since I started making money in Simon`s room I sign it as Thoma$

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  #25 (permalink)
 tickvix 
USA
 
Experience: Intermediate
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Broker: Infinity
Trading: ES, Euro
 
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Thom View Post
My main reason for posting is to defend the trading class that I am a member of. Naysayers like "nqcruiser and daza" are- no more no less -than just naysayers" They simply are copping an attitude about something and someone they know absolutely nothing about.

I feel by attacking the class that I am a member of is the same thing as attacking me.

Maybe you should eat something nqcruiser, but instead of eating your words I would suggest a serving of humility might serve you better. Along with that a side dish of education and some intellect for dessert may help to rid you of your negativity and perhaps give you a boost in the right direction. "Same applies to you daza".

Don`t let the fact that these two or three people who are so called "elite" members of this forum make you think they are gurus` of any stature. I would venture to guess that their "elite"nest goes no futher than this forum.

As for Simon I have allready posted what I think about him and the program that he is conducting. "He is honest with a positive attitude and is very qualified to guide you along a successful path of trading the futures.

As for myself, I have no financial interest of any kind in Simon`s program and I am nothing more that a happy member of his class.

PS: I use to sign my name as Thom,,,, since I started making money in Simon`s room I sign it as Thoma$

I hope soon you would get more then one $ to your name!!! Please when able would you tell me if he is trading 6E, or 6B in his room. And if he is offering London time frame trading? What are you trading?

BTW just posted THANK YOU for your post. To be honest sometimes I do not like to post in the forum, because of some negative BS that post might generate. Oh well life in the BIG CITY!!!

TickVix/Gregory

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  #26 (permalink)
Thom
Safford, Arizona, USA
 
 
Posts: 6 since Oct 2010
Thanks: 4 given, 3 received


tickvix View Post
I hope soon you would get more then one $ to your name!!! Please when able would you tell me if he is trading 6E, or 6B in his room. And if he is offering London time frame trading? What are you trading?

BTW just posted THANK YOU for your post. To be honest sometimes I do not like to post in the forum, because of some negative BS that post might generate. Oh well life in the BIG CITY!!!

TickVix/Gregory

6E and he trades privately from around 3 AM till 8 AM and then trades till he reaches 500$ or/and till 12 NOON
I trade the 6E from 5 AM till ? then switch to the S&P (es)
Thoma$ ( I`ll add a $ every 10 or 20 K`s) LOL

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  #27 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
Thanks: 0 given, 29 received

Hey Tom, do your research before slagging other members off, nqcruiser was a member of simons room and as I said I have a friend that's a member as well and was happy to share with me, so to say we know nothing about it is way out of line.

This thread was started by Alan regarding comments on Simon's class, good or bad, so back off and let other people give there opinions.
May be this is working for you and that's great and as I said my last post was only my opinion but this is an open thread and I am free to post my comments just as much as you...

'Along with that a side dish of education and some intellect for dessert may help to rid you of your negativity and perhaps give you a boost in the right direction. "Same applies to you daza"

Believe me I have had my share of education and from what I have seen you will need some more very soon as well.
Don`t let the fact that these two or three people who are so called "elite" members of this forum make you think they are gurus` of any stature. I would venture to guess that their "elite"nest goes no futher than this forum.

Now I hate dishing people but this thread was started for comments and that's all I have given, just to bad some people do not like those comments.
Thomas this started out as a nice thread with out any slagging off of other members but there had to be one that had to lower the tone and slag those that have real comments.
If simons methods works so great show us all and post some charts and results.

As for Simon I have already posted what I think about him and the program that he is conducting. "He is honest with a positive attitude and is very qualified to guide you along a successful path of trading the futures.

I did say Simon seems like an honest and nice bloke but then most vendors always do.!!

Don`t let the fact that these two or three people who are so called "elite" members of this forum make you think they are gurus` of any stature. I would venture to guess that their "elite"nest goes no futher than this forum.


Please I never asked the forum to post me as an Elite member its just the way it worked out, I mean come on I have only posted 6 or 7 times, and I am not that stupid to think as my self as a guru unlike some $$...LOL.
Oh and you are right I tend not to post to much in these forums as trading is a much better way of spending my time but when some ones asks for an opinion on something I know about then comments must be made good or bad.

Oh and traders be aware, Simon from futuresfx has asked all his current members via email to vist this site and post comments,, well lets face it those that are still members are going to post good results.

Daz



Thom View Post
My main reason for posting is to defend the trading class that I am a member of. Naysayers like "nqcruiser and daza" are- no more no less -than just naysayers" They simply are copping an attitude about something and someone they know absolutely nothing about.

I feel by attacking the class that I am a member of is the same thing as attacking me.

Maybe you should eat something nqcruiser, but instead of eating your words I would suggest a serving of humility might serve you better. Along with that a side dish of education and some intellect for dessert may help to rid you of your negativity and perhaps give you a boost in the right direction. "Same applies to you daza".

Don`t let the fact that these two or three people who are so called "elite" members of this forum make you think they are gurus` of any stature. I would venture to guess that their "elite"nest goes no futher than this forum.

As for Simon I have allready posted what I think about him and the program that he is conducting. "He is honest with a positive attitude and is very qualified to guide you along a successful path of trading the futures.

As for myself, I have no financial interest of any kind in Simon`s program and I am nothing more that a happy member of his class.

PS: I use to sign my name as Thom,,,, since I started making money in Simon`s room I sign it as Thoma$


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 Tradetronics 
Austria
 
Experience: Intermediate
Platform: Ninjatrader, X-Trader
 
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Has anyone of you participated in all three courses, being L2ST, OFA and FuturesFX? If yes, which one do you recommand and why?

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  #29 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
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Hi Tradetronics, yes I have all 3 and my opinion is that L2ST is the best why?
OFA is good and I enjoyed DBs room and he has a real good read on the market but my concern is that it’s still a black box system and the signals and the way it shows the order flow are proprietary so one is trading on blind faith that the software is doing what it should.
Compared to L2ST who teach you how to use basic foot print charts to read order flow which can be applied on any charting package that can plot a foot print meaning you are not tied to a charting package.

daza



Tradetronics View Post
Has anyone of you participated in all three courses, being L2ST, OFA and FuturesFX? If yes, which one do you recommand and why?


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 Tradetronics 
Austria
 
Experience: Intermediate
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Posts: 40 since Jun 2010
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Hi Daza,

Thanks for the review. What about FuturesFX? I think the key element of FuturesFX is the usage of the volume ladder as a confirmation tool... Would you agree? Is FuturesFX applying a concept that is also taught by L2ST? Concerning FuturesFX, I must say that it impresses me that he is using the concept in real time. Does L2ST do the same thing? FuturesFX uses the Volume Ladder for clapping... Correct?

Thanks again, Daza!

Regards,
TT

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  #31 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
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Hi TT, Yes kam from L2ST uses volume at price with in the foot print to confirm all his trades, The way in which Kam uses order flow with in the foot print or ladder as simon calls it way beyond what simon is teaching and yes kam has room for members where he trades and call his own trades out in real time.

Unlike simon who is using the channel which is effectively a line drawn from the high and low of 20 bars back Kam uses the actual thing that drives the market to dictate his trades levels and set ups, buy looking at value and supply and demand Kam has better location and far better risk to reward, unlike simon who seems to take a tick or two here and there and seems to want to get out of a trade the moment he has got in with out letting the trades work.



Again just my opinions based on what has actually help me progress as a trader.


If I new then what I new now I would only purchase L2ST course.
OFA's course would come second and I would stay clear of futuresfx.

Daza







Tradetronics View Post
Hi Daza,

Thanks for the review. What about FuturesFX? I think the key element of FuturesFX is the usage of the volume ladder as a confirmation tool... Would you agree? Is FuturesFX applying a concept that is also taught by L2ST? Concerning FuturesFX, I must say that it impresses me that he is using the concept in real time. Does L2ST do the same thing? FuturesFX uses the Volume Ladder for clapping... Correct?

Thanks again, Daza!

Regards,
TT


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  #32 (permalink)
Thom
Safford, Arizona, USA
 
 
Posts: 6 since Oct 2010
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Make up your mind,daza! Have you been a member of Simons room or not??? You say in this post you were;
In an earlier post you said you had a friend who knew someones uncle that said his grandfather mite have been a member ( or something like that) :0 Make up your mind it may help in adding some credibility to your posts in the future ?????? Some serious doubt there, daza.


daza View Post
Hi TT, Yes kam from L2ST uses volume at price with in the foot print to confirm all his trades, The way in which Kam uses order flow with in the foot print or ladder as simon calls it way beyond what simon is teaching and yes kam has room for members where he trades and call his own trades out in real time.

Unlike simon who is using the channel which is effectively a line drawn from the high and low of 20 bars back Kam uses the actual thing that drives the market to dictate his trades levels and set ups, buy looking at value and supply and demand Kam has better location and far better risk to reward, unlike simon who seems to take a tick or two here and there and seems to want to get out of a trade the moment he has got in with out letting the trades work.


Again just my opinions based on what has actually help me progress as a trader.


If I new then what I new now I would only purchase L2ST course.
OFA's course would come second and I would stay clear of futuresfx.

Daza


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  #33 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
Thanks: 0 given, 29 received

Get facts right Thom or is that simon? I said I had the course as friend gave it to me and I do get simons free vides that he sends out in his sales emails so need to be in room as I can see how bad he/you trade in those.

Again a member asked for opinions and thats all i have done.

Daza




Thom View Post
Make up your mind,daza! Have you been a member of Simons room or not??? You say in this post you were;
In an earlier post you said you had a friend who knew someones uncle that said his grandfather mite have been a member ( or something like that) :0 Make up your mind it may help in adding some credibility to your posts in the future ?????? Some serious doubt there, daza.


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  #34 (permalink)
 markw 
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
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Posts: 28 since Aug 2009
Thanks: 56 given, 16 received

hi Daza


You said Kam has a room where he calls out trades is this separate from the regular L2ST room


Thanks

mark

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  #35 (permalink)
 billr 
San Antonio, Texas USA
 
Experience: Intermediate
Platform: NinjaTrader, Tradestation
Trading: Futures
 
Posts: 46 since Aug 2010
Thanks: 35 given, 35 received

I was also interested in members comments who have signed up for futuresfx. I was seriously considering it and welcomed the comments here. However, I found nqcruiser's reversal of his opinion quite odd. If he had been with futuresfx since 2007, what happened to change his mind from great to 'all hype'? So I am left with an odd collection of negatives and positives without much analysis of what Simon is actually doing. Daza's comments about the Donchian and how to read the tape make sense. I was hoping there was more to Simon's approach than that. But couldn't quite tell if daza had been a member of futuresfx or not.

I was also considering L2ST, but after reviewing some of the promo videos that are supposedly updates for the daily trading, I became skeptical. Kam's trade successes for the day are unbelievable (literally). He describes entry and exit point accuracy that would warrant a 10 figure signing bonus at any hedge fund. If L2ST is legit, his daily trade update videos sabotage his credibility in my view.

By the way, I was just getting ready to join Simon's program a week or so ago but have noticed a lack of feedback from emails I sent him and was wondering if something has happened to his operation?

thanks for all the comments.

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  #36 (permalink)
 Tradetronics 
Austria
 
Experience: Intermediate
Platform: Ninjatrader, X-Trader
 
Posts: 40 since Jun 2010
Thanks: 54 given, 25 received

Many thanks to Daza and all the others who commented on Simon's. Is Simon's method perfect? I do not know.... However, what counts is that he is trading infront of you...

How can you use the Volume Ladder for confirmation actually?

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  #37 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
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Hi Mark, not sure all I know is the room I go in as a course member he is calling trades, he does actually talk a lot but I find that refreshing as he is describing trades and set ups. but to be honest I have not been in for a while as any trading room just distracts me.
Not sure if he has any other rooms, say for free trails.
He does show his DOM as well like simon from Futuresfx so nothing new there.
I must admit I to was sceptical about Kam and back in 2008 I was in his trail rtoom and decided not to take course at that time due to the fact that it all looked to good.
But after speaking to him and some recommendations from other groups I took a leap of faith and joined this year and glad I did, best money I have spent in the money grabbing business.

Again only my opinion based on my own experiences and this is by now way a reason to purchase there course this may not suit every one and you should do your homework before spending any cash.

Daza




markw View Post
hi Daza


You said Kam has a room where he calls out trades is this separate from the regular L2ST room


Thanks

mark


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  #38 (permalink)
 Tradetronics 
Austria
 
Experience: Intermediate
Platform: Ninjatrader, X-Trader
 
Posts: 40 since Jun 2010
Thanks: 54 given, 25 received


daza View Post
Hi Mark, not sure all I know is the room I go in as a course member he is calling trades, he does actually talk a lot but I find that refreshing as he is describing trades and set ups. but to be honest I have not been in for a while as any trading room just distracts me.
Not sure if he has any other rooms, say for free trails.
He does show his DOM as well like simon from Futuresfx so nothing new there.
I must admit I to was sceptical about Kam and back in 2008 I was in his trail rtoom and decided not to take course at that time due to the fact that it all looked to good.
But after speaking to him and some recommendations from other groups I took a leap of faith and joined this year and glad I did, best money I have spent in the money grabbing business.

Again only my opinion based on my own experiences and this is by now way a reason to purchase there course this may not suit every one and you should do your homework before spending any cash.

Daza

Hi Daza,

I have to make a choice between L2ST and FuturesFX. Probably I will take both. I have a question concerning L2ST. When Kam traded the ES, how many ticks did it go against him? Does Kam use the Ladder differently than Simon? Simon has a high win rate, which is quite amazing...

Thanks!

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  #39 (permalink)
 markw 
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
Trading: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 received

A friend did a trial with L2ST room. They stopped doing regular trials awhile ago but if you contact them I think they will give you couple of days trial.


mark

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  #40 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
Thanks: 0 given, 29 received

Hi TT, every trade is different and is based on its own merits so stops are not always the same, plus by using the order flow he can get out of bad trades before ever hitting his stop.

Daza



Tradetronics View Post
Hi Daza,

I have to make a choice between L2ST and FuturesFX. Probably I will take both. I have a question concerning L2ST. When Kam traded the ES, how many ticks did it go against him? Does Kam use the Ladder differently than Simon? Simon has a high win rate, which is quite amazing...

Thanks!


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  #41 (permalink)
 markw 
California
 
Experience: Intermediate
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Broker: zen,dtn
Trading: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 received

I've been in rooms were the moderators were trading live,sim and or not trading at all. The difference is in the live rooms I been in the moderator was trading more then a couple contracts the situation could turn your stomach when trading was bad but joy when good because it was REAL. The live room moderators made more mistakes and broke there rules more then you would think but still managed to make money. To me a live room is the moderator showing a live dom or live trader plaform that you can see most if not all the time. If you only want to learn the method then live is not important.I am not in Simon's room everyday because I get distracted and want to focus on my trading. IMO when you learn a method (when learning try to copy the method as close as possible) thoroughly then you can break it down and make it your own. I don't trade the same way as Simon but use parts of his method for my own style of trading.I went back in the room last week and Simon has the Ninjatrader chart trader up and showing his account number everyday I was there.


mark

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  #42 (permalink)
mik65
Toronto, Ontario, Canada
 
 
Posts: 1 since Oct 2010
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People all have different opinions on Simons room. Some people like his style of trading and some people like his method. Some people don't. Hey everyone is different. U will not know until u take his course. I have taken many courses as well besides Simon's and I have learned something from everyone of them. And now have a style of trading that works for me. This is journey I do believe every trader takes. It takes a long time becoming a good trader does not happen over night. If u are willing to take the time to develope ur trading style and stick to it I will say the odds of u becoming a successful trader is very high. If u take Simon's course u will develope a good trading foundation to build ur trading style. But if u want it to be quick and easy then I would suggest you should find something else to do for a living.

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  #43 (permalink)
Jaytrader
UK
 
 
Posts: 5 since Nov 2010
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Hi all My first post here and was wondering if anyone is considering purchasing the L2ST 3 day video course, if so would love to chat to you as I am really looking to purchase it but would like views from others, I know this thread is about futuresfx and I am sorry for going off topic, so to stop this thread being about L2ST please private IM me if its something you are looking at as I am still not sure about it and the cost is high.

Jay

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 Big Mike 
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  #45 (permalink)
 RedBrgCptL 
El Dorado Hills CA/ USA
 
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 flipper26 
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nqcruiser View Post
for the record, i have tried numerous trading rooms, including but not limited to:
Ace Trades. Winning Trade Techniques. home
Naturus.com Subscription Service for Futures Traders

as well as another 93% winning rate trader with a 3k system. None of them came close to matching the transparency and honesty.

i trade from east africa on a dialup connection

How did you find Ace Trades? i did a couple of their free sessions and it seemed pretty good. Awfully expensive to join though. thanks

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  #47 (permalink)
 billr 
San Antonio, Texas USA
 
Experience: Intermediate
Platform: NinjaTrader, Tradestation
Trading: Futures
 
Posts: 46 since Aug 2010
Thanks: 35 given, 35 received

I couldn't quite tell if you are still discussing futuresfx on this thread or not. But if so, nqcruiser is right. Futuresfx (Simon's) room is the real thing. He trades live every day in front of students. He carefully explains what he is doing and answers all questions from students. No secret indicators to buy or any other nonsense.

Simon is a talented trader and watching him is very helpful. I have been a member of his for over a year and I think it is the single best move I made to keep me in the game (in addition to Big Mikes of course). Simon is very patient and members of his live trading room are a great group of traders that trade at all levels; beginners to advanced. The live trading room is relaxed and friendly. There are also many members that visit the room occasionally that have been members for many years, which says alot.

I highly recommend futuresfx. I also found it to be a great compliment to the FT71 and DiscoveryTradingGroup series of webinars.

Hope that helps.
BillR

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  #48 (permalink)
 RedBrgCptL 
El Dorado Hills CA/ USA
 
Experience: Advanced
Platform: Sierra Charts, NinjaTrade
Trading: ES,CL, ZB
 
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Tradetronics View Post
Many thanks to Daza and all the others who commented on Simon's. Is Simon's method perfect? I do not know.... However, what counts is that he is trading infront of you...

How can you use the Volume Ladder for confirmation actually?

I totally agree with you. He's educating while trading in front of a live audience and with live money. That is really all you can ask from someone. Even if someone calls out a trade, the outcome will be different for everyone who hears the call. You'll never trade like him because each person has their own hangups, account size etc... What's important is you take the educators basics and apply to your own skill-set in hopes to better your own trading. If you can't learn from that over time, you probably won't ever be a successful trader.

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  #49 (permalink)
 joaobucks   is a Vendor
 
 
Posts: 37 since Jan 2010
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I tried it (Simon's FuturesFx) briefly in 2010. PM me if you want my feedback.

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  #50 (permalink)
 justtradeit84 
Singapore
 
Experience: Beginner
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Posts: 63 since May 2012
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I saw he only offers life-time membership now on his site (futuresfx.ca) for the fees of over $7000 , which is damn expensive in my opinion? anyone joined his program recently? Can you guys give reviews here please?

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 shopster 
toronto canada
 
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justtradeit84 View Post
I saw he only offers life-time membership now on his site (futuresfx.ca) for the fees of over $7000 , which is damn expensive in my opinion? anyone joined his program recently? Can you guys give reviews here please?


" learn to trade retail groupies " will offer up their first born to enter into the game.

they want to be led around by the nose and have someone else make the call.
cost is no object.

Nick has his head on straight.

watch and learn.



s


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