I found some videos on youtube in which a man named Christopher presents a trading system based on a Renko type bars with no wi (I think) and an indicator made with a pair of MA. This man is the Christopher of https://www.fulcrumtrader.com/ who a few years ago sold a trading course based on order flow. Then he sold the web and the new owners keep selling Christopher´s videos. There is also a webinar of him in futures.io. Has anyone bought this new system?
I attach a video of the MNQ of May 9th. The system costs $397
The bars seems to be a kind of Renko with Haiken Ashi and the MA I don´t know.
Thanks!
Can you help answer these questions from other members on futures io?
Thats the guy names Chris who used to be with The Oil Money with that guy Scott Morris. Chris was selling Pivot Scalper then and it had indicators taken from futures.io
and just renamed to something similar. He has had 3 or 4 other "cant miss" programs since Oil Money that seem to last for a bit and then he morphs into the next great thing.
Dont believe his "i'll only sell this to 30 people and then thats it". He said that on his other programs also.
How hard is it for someone to put together a system with these kinds of lines and colors, which will look great during a period when the market is making long, uninterrupted trending moves? You could do it as easily with a single moving average, although you would have to do without the pretty colors.
This is because if you pre-select the market action to match what the indicator does well with, you can always make it look good. But in an up-and-down market with some choppiness, it will do what any MA-based indicator does: get whipsawed. But you don't get to know ahead of time what the market will do, and you have to trade what you get, not what will match your indicator.
I ran the video at random moments and at about 5:20 he explains that he is so busy trading for private equity funds (sure, I believe that) that he doesn't have time to maintain a web site, but if you act now and are among the first 30 to 35 or so traders who buy it, you can get in at the low price of $397 ("not like the 1400 or 2K that other people are charging"), but if you don't act now, the price will go up.
"If you want access, better jump on this quick" he tells us.
Folks, he has a renko bar type and a moving average crossover (with colors!), and he wants you to act now before the price increase. You've got to be kidding.
He will get some buyers, however. It's a proven marketing tactic, and it's easy money.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following 4 users say Thank You to bobwest for this post:
Thanks for your answers. I didn't intend to buy anything but I was curious about this guy. I watched his videos and his voice sounded familiar to me. Then I remembered Fulcrum trader that I thought he was a serious person, and I felt curious.
