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www.acetrades.com

  #51 (permalink)
Elite Member
Bangkok, Thailand
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninja Trader Brokerage/Continuum
Favorite Futures: ES
 
fido's Avatar
 
Posts: 44 since Nov 2010
Thanks: 170 given, 43 received

I have signed up for the 6 months training and completed the first week. Since I have signed a bunch of non disclosure documents I can not reveal anything on the actual methods he uses except that it is very simple but highly effective. It is one of those things you wish you had found at an early stage of your trading career. Some might find Ace very loud and noisy - I certainly did when I took the trial - but he knows something about trading. Personally I don't take trade calls in the room I'm just working on learning the methodology.

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  #52 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,046 since Jun 2009
Thanks: 29,185 given, 82,321 received

I would hope it is obvious that when a room operator makes you sign an NDA, it isn't likely because of how successful the method is, but rather likely to lure in rookies looking for the holy grail making it seem important, and also discouraging people from reviewing it.

Just use your brain for a moment, why would a person run a room instead of trading?

Just rookie bait.

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  #53 (permalink)
Elite Member
GARLAND TEXAS
 
Futures Experience: Intermediate
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Posts: 18 since Nov 2011
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www.ace.com


mike you are problably right .but i have been in the free trails about four times now .i have not signed up for the couse or nothing so i have no idea how he does any thing all i know is that his calls in the trail are most right on .that is from free trail only .from what i have seen

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  #54 (permalink)
Elite Member
san francisco
 
Futures Experience: Intermediate
Platform: Ninja Trader, TOS
Favorite Futures: tf, cl, gc, dax, es
 
Posts: 27 since May 2011
Thanks: 25 given, 38 received


fido View Post
I have signed up for the 6 months training ..... except that it is very simple but highly effective..... - but he knows something about trading. Personally I don't take trade calls in the room I'm just working on learning the methodology.

I am somewhat reluctant too. In addition to @Big Mike's point of view, I see a contradiction on your message quoted above. If the method is so 'simple', why does it take upwards of '6 months training'?

Wish you luck, any way. Hope that you continue to share with us your progress with the training and especially when you start making the big bucks.

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  #55 (permalink)
Elite Member
Bangkok, Thailand
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninja Trader Brokerage/Continuum
Favorite Futures: ES
 
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Posts: 44 since Nov 2010
Thanks: 170 given, 43 received


jerryjerry View Post
mike you are problably right .but i have been in the free trails about four times now .i have not signed up for the couse or nothing so i have no idea how he does any thing all i know is that his calls in the trail are most right on .that is from free trail only .from what i have seen

Yeah, that is what caught my interest .. to be honest I thought the trial was horrible but his calls on the ES was very accurate.

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  #56 (permalink)
Elite Member
Los Angeles,California
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: Futures
 
Posts: 6 since Jan 2011
Thanks: 0 given, 1 received

Hello.

I am interested in seeing if the methods that are taught in the ace trades training actually work like he shows in the trial trade room. I am focused on trading the eminis and Crude oil but have not found consistent profitability.

Fido, how is it going for you with Ace Trades?

I am looking to share ideas and opinions on some of these trade rooms that I have been through. I am intrigued with the amount of success that he shows in the trial but I know that always doesn't translate over to the trainee.

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  #57 (permalink)
Elite Member
Kansas City Mo.
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: tradestation
Favorite Futures: es
 
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Posts: 42 since Dec 2009
Thanks: 0 given, 39 received

There is really nothing to understand about his approach really. As it has been stated on many many occasions all he is doing is entering at either support or resistance points. the problem is he keeps fading and losing many trades until he find s a trade that hits. His system is a copy of the old Kingfish system which is you search was a complete failure. He may call out a few trades that look good however if you accurately track all his small losers he doesnt make any profit..

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  #58 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
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ironman07 View Post
There is really nothing to understand about his approach really. As it has been stated on many many occasions all he is doing is entering at either support or resistance points. the problem is he keeps fading and losing many trades until he find s a trade that hits. His system is a copy of the old Kingfish system which is you search was a complete failure. He may call out a few trades that look good however if you accurately track all his small losers he doesnt make any profit..

I thought most trading rooms do the opposite, making a lot of small winners giving the appearance of success, but eventually making a large loser here and there.

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  #59 (permalink)
Elite Member
san francisco
 
Futures Experience: Intermediate
Platform: Ninja Trader, TOS
Favorite Futures: tf, cl, gc, dax, es
 
Posts: 27 since May 2011
Thanks: 25 given, 38 received


ironman07 View Post
There is really nothing to understand about his approach really. As it has been stated on many many occasions all he is doing is entering at either support or resistance points. the problem is he keeps fading and losing many trades until he find s a trade that hits. His system is a copy of the old Kingfish system which is you search was a complete failure. He may call out a few trades that look good however if you accurately track all his small losers he doesnt make any profit..

I keep getting spammed with his daily advertisement. He includes a selected portion of the chat log showing some entries. I have reviewed some of his entries and confirmed that they are support and resistance levels.

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  #60 (permalink)
Elite Member
Kelowna, BC
 
Futures Experience: Advanced
Platform: NinjaTrader, MetaTrader
Favorite Futures: Futures, Stocks
 
Posts: 1 since Mar 2014
Thanks: 0 given, 1 received


Although I feel rather foolish saying so, I paid for 6 months of room access with this character. Only my opinion, of course, but the guy is a big blow hard with an enormous ego. Probably THE worst money I have ever spent on trading Education. In trading, I think simple is probably always better than complicated, but his concepts are over-the-top simple, to the point of ridiculousness. In fairness, however, some of what he says does make perfect sense in hindsight. Some of the stuff he claims / teaches I could categorically disprove.

His recurring lecture on position size / money management would make anyone who has studied any Van Tharp or Ryan Jones material laugh out loud. He will give you "extra" special training if you send him a good testimonial. He has a peanut gallery in his Room who stroke his big ego on a daily basis and they are very quick to jump on any trial Users who post anything remotely close to what might be construed as a negative comment.

I would love to show you what I actually got from him but I did sign a non-disclosure agreement which I will honour. If you saw it though, your response might be something like, "you must be kidding". I would strongly recommend you spend your hard earned dollars elsewhere.

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