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My experience with Dale was that his trade record at the end of the day was inaccurate--short should have been long; he was long not short here, etc. I took the time to go through his record and when I asked him what happened, he would say that he had, "made a mistake," "give him a break." Well, I did but after the second occasion I felt like an idiot and wrote TI off for not standing by their product. A ten foot pole isn't long enough.
I'm happy that I stuck with trading despite all the blackhearts trying to take my money.
Try using 3,4 and 2 on the %Ds and 5, 50, 20, 0 and 2 on the trigger MACD. Those are the ones I use in NinjaTrader and they are not the ones TI uses. As someone already pointed out, it doesn't matter what the settings are...it's how you use the tool (indicator) that matters.
Everyone is certainly welcome to their opinions and they can spread them all over if they choose. I would never care to take exception to anything said about TI in this thread. What TI does is no concern of mine. I'd never even bother to reply here except that my name was mentioned. Since I care deeply about the reputation I worked so hard to build, I felt obliged to respond.
During the years I was contracted to help launch and build TI, their reputation was spotless and they were a class act. What happened after I left is history. I went my way and they went theirs. I am not responsible for what they do yet I am forever blamed for decisions they made long after I left.
Am I a knockoff of TI? Well, we both use divergences. So do 300 other trading companies. Stochs and MACD's. Yep, so does everyone else. But are we identical? No! My timings are different, my filters are different, my other indicators are different, my methodology is different and my trader education isn't remotely related to what they teach. They don't have the "with trend" entries I do such as my LP entry which I developed myself.
Very importantly, they don't have coded trade entries that give them signals with warnings so the trader student doesn't have to stress and strain to find a trade. I could go on and on. But, no, we are nothing alike. Look at those charts that were posted. What's wrong with those entries? If those were TI's entries, computer generated, heck, I'd buy their system myself. Certainly none of you would be complaining.
Criticize me all you want but at least state real reasons. Is the fact I was TI's original moderator a real reason to criticize? I never had nor needed a "bankroller" but, if I ever did, is that a reason to dislike me. Just be fair. State actual facts that matter. I didn't come dragging home at midnight all those nights from 1-on-1 student support sessions just to to run a scam. That's not how scammers operate.
I don't think Big Mike intended this great Forum to turn into an Elite Trader infestation of vile trader losers who can't accept personal responsibility and point the finger at everything and anything they can to blame their failures on. Come on. We're all better people than that and I hope we're all friends. Hate me if you choose, but please know me first.
My "golden rule" of trading systems is simply this: "If a particular system or method did not work for you, then it just wasn't meant for you." The reason is irrelevant. Some will win with it and some won't (assuming the system had some real merit to begin with). Never buy any trading system based on a Webinar or a few days in a trading room. If a sales person pressures you, hang up fast. Actually try the system for yourself BEFORE you ever touch your wallet. If that's not an option, run.
Sorry, are we talking about the same TI here?. I first got exposed to TI at NY Expo 2000 and the next 9 NY Expos. A face-to-face demo with Afshin at the NY expo told me he was selling snake oil and it was confirmed when Franz came to town swinging his 'unit' as he explained it each of his 'unit' = 50 cars. Then he invited ET members to watch his 'live' trading; average in 4 'units' each time until somebody call him out as there were no corresponding contracts on the live DOM, busted and fired shortly afterward. So don't tell me 'their reputation was spotless'. I have been around the block quite a few times and you can't spin me.
Your facts I have no problem with. It's the order of events. Franz Shore and his BullsEye BS came online in Mid 2005. I had already left TI. Why associate me with what they did AFTER I left?
If teaching divergence is "snake oil" then a lot of what's in futures.io (formerly BMT) needs to be removed.
wow looking back at this post... how the times have changed..
first, Roger thank you for you post. It was about a year ago I started with TI. I am a 27 year old graduate of the university of Pittsburgh. I tried a number of different jobs working for banks. National city as a consumer banker and BNY mellon as a trade specialist. I decided I couldn't handle the office environment any longer and set out on my own. I bought TI's method but didn't do enough research. Granted futures.io (formerly BMT) didn't exist back then. I was so excited to be making money at first that i went all the way to becoming an affiliate of TI.
after about 4 months of trading with TI i had lost my entire account (10k). I have been working in the PA department of welfare as a caseworker since then. I finally got up a little cash to start over. and left my crappy job in a dimly lit office. I plan on giving your free trial a shot. Hopefully it plays out better than TI. They cost me alot and I'm not very happy about it.
trading isn't easy and that's why i think i keep coming back to it. Its the only thing that challenges me and i like that. Good luck to you all! and thanks mike for keeping the forums running. I got a lot of catching up to do
There's no communicating with people who ignore facts so that's not my intent here, I just want readers of this thread to understand the facts. From 2004 to early 2005, Franz was my student. Around March of 2005, Afshin had Franz call some trades using the TI method. He wasn't very good at it and Afshin took him off. Franz complained bitterly. Since Franz and Afshin were "countrymen" fom Iran, Afshin put him back on. I immediately resigned. End of story.
Franz didn't start his BullsEye "throw wads of money at losing trades until your savings are gone" until AFTER I had already left and that's when things started going sour there, not before.
Bitter hardheaded people will still find a way to make everything my fault but at least some folks who will take the time to check out the facts will come to a more fair conclusion. At least that's my hope.
here is some facts for you, i met Afshin in 2000 he was president/owner of TI then and he is still owner/president of TI now so again in 2005 who did you work for? trainers come and go, if one leaves he hires another but I guess he learnt a lesson so he was able to shut down another trainer when that guy trying the same thing as you do.
Its amazing you would even feel the need to come on this forum.. It seems all your trying to do is deflect blame away from yourself and onto others. There was over a 50 page rant over at elite trader documenting your and Afshins dog and pony show. Are all those former students wrong too? To state facts you dont have any documentation that you actually made any qualatative funds trading the TI method. The demos you did for students showed past trades that would have made this or that and when you saw a trade go in your sirection a few ticks you would point it out and hope it continued. A vast majority of the students who took the class had no real experience in live markets and could be easily swayed by all the TI deceptions. All the demos were done on Sim which is easy to grab a tick each way since it doesnt use real bid/ask prices..a number of filters for trades against the trend are very subjective and can always be made to look good after the fact... there ar a number of very secure methods profiled on BM forums that dont cost 5-6000 as does TI. This is not the place to regain your reputation. its apparent to anyone who can see between the lines .
I have been in Roger's room the last two days .. it was free for a five day trial. they have been in the green both days and most of the other traders in the room are posting profits but you know how those things can be.. those traders might be in sim or like 20 ticks under for the day and just lying, but anyhow .. i plan on writing a short review about the trading room in the vendors thread once my free subscription runs out.
its apparent to anyone who can see between the lines .