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Beware of Feibel Trading - Review


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Beware of Feibel Trading - Review

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  #1 (permalink)
garopaba + santa catarina
 
 
Posts: 21 since Aug 2019
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I thought that I should open this thread here because the warning I posted about Feibel Trading was inside a thread of his that got locked (and he even got banned), so it makes impossible for people to come and share their reviews too, in case they find this thread googling. Moreover, this is the correct place for this thread.

My experience as a customer was the following:

Months ago I bought two courses at Feibel trading: Climactic Behavior and Featherīs Weight. Very Very expensive courses for what they are (349 GBP each = US$450!!!! for a couple of videos)

Climactic Behavior was the worst money grab. The "course" is a copy of Gavin Holmes (tradeguider) explanation of climactic bars ** which is free by the way ** (lots of free seminars on youtube, and in his book too). You guys familiar with VSA know Gavinīs "trigger numbers" approach (which I reiterate: he does not charge anything for it, shares for free), he extends lines from the high, low and close of climactic bars and then check for reactions at those levels (upthrusts, springs, no supply, no demand at those levels to initiate a trade). That is exactly what the climactic behavior "course" is, an exact copy of his concept. When I finished watching I was already very pissed off for burning US$450 in this.

Then the Featherīs Weight course is nothing more than a low volume pullback trade at structure (even though he will say it isnīt), very bread and butter VSA trade setup that any intermediate VSA trader will know, he just added a couple of filters which in fact make you miss good trades. All FREE knowledge you can find in Tom Williams "Master the Markets" book, Gavin Holmes "Trading in The Shadow Of Smart Money" book, and in Tradeguider youtube channel (lots of seminars and webinars where they share this knowledge freely). Do they market they software? Sure, but the knowledge they share for free. I never used tradeguider software nor felt like I needed it, you surely donīt.

So you can imagine how stupid I Was feeling for giving US$1000 to a smart ass to tell me free stuff that I already knew, but I swallowed it dry and kept going with my life.

But the last straw was this... Let me explain: 5 months ago I received an email from Feibel trading saying that he was putting together youtube videos showing examples of this "Featherīs Weight" trade with live trades, which obviously were extra complementary material for the course. Ok, I never received those youtube links, then recently I sent an email asking for them, just for the sake of it, and no reply (that is how Feibel behaves, they just ignore you until you have sent a couple of emails of pressure). Then I got a reply saying that the videos are restricted, that only contributors can access the videos (so he invented a new rule now for you to access the extra material from the course). So not only I gave him US$1000 (as if it wasnīt "contribution" enough), but If I Wanna watch complementary examples of the course I have to produce free material for him. That is the pinnacle of absurd and slap in the face.

Thatīs what drove me over the edge to go to forums and wherever I can go to warn people about him, and I will keep doing it.

I can only feel like I have been scammed by a hustler, because when I was exchanging emails with him before I bought the courses, I did make crystal clear to him that I Was a VSA specialist and was not looking for noob stuff (he was trying to push other courses on me, you can see in the screenshot attached). So he definitely knew my level of expertise and did not say a thing. He could have said "hey, those courses are not for you, you gonna waste your money, nothing for you to learn in them", no, he cunningly waited for me to pay, pocketed the money and bye bye. This is hustling in my book.

This combined with the heavy alluring deceiving marketing in his site all points out to a well elaborated scam to fish for noobs - not only noobs because even I fell for it, and I have been in this career for more than 5 years now.

If you check the description of the courses I bought there in his site, you can see how he describes them as "world exclusive" , "exclusive strategy pioneered by Feibel trading after years of development" and other crap like that, a big big lie. So you think you gonna learn something new, but it is just a shiny well designed expensive product packaging with a watered down clone of something inside.

And what Feibel trading did after I Exposed him? He called me a Troll, that was his defense.


So I donīt think I will be doing business again with them, the courses seems to be a copy of tradeguider, Dr. Gary Dayton and David Weis material combined with pharmacy price tag. I can see in his site now that he even copied Dr. Garyīs Deep Practice sessions (he calls Effective Habitual Practice), I mean it is a carbon copy, I donīt even know how he is not being sued by Dr. Gary.

I even warned Wyckoff Analytics about him, because I Received an email from them with advertisement of some new series of videos in tape reading, and to my surprise one of the guests invited was Feibel trading. I immediately sent an email to them telling about my experience and links to this forum and other places where I posted a warning thread, I even received a phone call from them (from Roman Bogomazov), and I explained to him "in person" what happened and he agreed that the actions of Feibel trading were not correct, that he would never act the way Feibel did.


Best Regards and stay safe

PS: You can see how crazy this guy is with his CEO talk. I played along with it (he thought he was fooling me), he impersonates different characters (but he is all of them lol), he is the customer service, the teacher, the CEO, all in one, but he talks of himself in the 3rd person. It is a one man operation trying to give the impression of a big firm, all a facade.


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  #2 (permalink)
Toronto, Canada
 
 
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Thanks.

On a side note, it would be nice to have a sub section in the forums for reviewers to write and expose these kinds of scams, so that way, they don't get mixed up in the regular trading discussions.

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  #3 (permalink)
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lightsun47 View Post
On a side note, it would be nice to have a sub section in the forums for reviewers to write and expose these kinds of scams, so that way, they don't get mixed up in the regular trading discussions.

There is already such a sub-section: it is called "Trading Reviews and Vendors", which is where this thread is.

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Legendary Market Wizard
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Have you reached out to Dr. Gary Dayton, and let him know what is going on? If you have proof of what you say, I would think he would appreciate that info.

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  #5 (permalink)
garopaba + santa catarina
 
 
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kevinkdog View Post
Have you reached out to Dr. Gary Dayton, and let him know what is going on? If you have proof of what you say, I would think he would appreciate that info.


I havenīt yet, but will certainly do.

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  #6 (permalink)
Toronto, Canada
 
 
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xplorer View Post
There is already such a sub-section: it is called "Trading Reviews and Vendors", which is where this thread is.

My bad. Thanks for correcting me.

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  #7 (permalink)
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Gauer View Post
I did make crystal clear to him that I Was a VSA specialist and was not looking for noob stuff
[/IMG]

I have to ask, if you identify as a VSA specialist then what on earth were you doing paying for VSA courses? Once you know it, you know it. There is not much more you are going to learn. You should know very well by now (after 5 years of trading) that:
  1. Trading related information is all free if you look around for long enough.
  2. Anything for sale in the trading world is a scam.

His thread was clearly a scam marketing initiative to fish for noobz- but it seems daft to actually pay the guy.

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  #8 (permalink)
Legendary Market Wizard
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Grantx View Post
I have to ask, if you identify as a VSA specialist then what on earth were you doing paying for VSA courses? Once you know it, you know it. There is not much more you are going to learn. You should know very well by now (after 5 years of trading) that:
  1. Trading related information is all free if you look around for long enough.
  2. Anything for sale in the trading world is a scam.

His thread was clearly a scam marketing initiative to fish for noobz- but it seems daft to actually pay the guy.

I think you are being a little harsh on @Gauer. I consider myself fairly educated and experienced in algo trading, yet I still look at and consider various courses (Ernie Chan, John Ehlers, Andrea Unger all come to mind - guys that do what I do, but in a different manner).

To someone experienced, sometimes even in basic courses you will find a nugget or be lead to something of value - something that makes the purchase worth it.

I agree 90+% of trading "education" is a scam, but there is good info out there - it is just hard to find.

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  #9 (permalink)
garopaba + santa catarina
 
 
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Grantx View Post
I have to ask, if you identify as a VSA specialist then what on earth were you doing paying for VSA courses? Once you know it, you know it. There is not much more you are going to learn. You should know very well by now (after 5 years of trading) that:
  1. Trading related information is all free if you look around for long enough.
  2. Anything for sale in the trading world is a scam.

His thread was clearly a scam marketing initiative to fish for noobz- but it seems daft to actually pay the guy.


Hi there. Because I love trading and studying stuff related to the method. We canīt assume we know everything there is to learn. Even though I consider myself a specialist using the method, that does not mean I could not learn a new "trick" or some little nuance here and there that could improve my analysis/trading. And I mean like, a little improvement, even if it is a 1% improvement, it is still an improvement. We all had a different journey to get where we are, this guy could have picked up some nice "tricks" in his journey, who knows? I thought I would see something interesting or clever. The only thing clever is his marketing, not clever, astute.

As I Said on the email I sent to him, I like to see other traders using the same method in their trading, see how they analyze the chart and use the principles for trading. Since he was marketing the stuff as exclusive and whatever, it got my attention. It is not like I threw money at him like "shut up and take my money gimme now", I sent the email saying about my level first, well I donīt need to repeat what I said in the OP, it is pretty clear what I did and what happened.

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  #10 (permalink)
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kevinkdog View Post
I think you are being a little harsh on @Gauer. I consider myself fairly educated and experienced in algo trading, yet I still look at and consider various courses (Ernie Chan, John Ehlers, Andrea Unger all come to mind - guys that do what I do, but in a different manner).

To someone experienced, sometimes even in basic courses you will find a nugget or be lead to something of value - something that makes the purchase worth it.

I agree 90+% of trading "education" is a scam, but there is good info out there - it is just hard to find.

That was my initial thought as well. I have paid for all kinds of help along the way and truly feel it has paid for itself.

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