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  #1 (permalink)
 Ben16JP2 
New York, United States
 
Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker: Optimus/Rithmic
Trading: ES
 
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Does anyone have any experience with Ace at Acetrades, about the methodology and the course he offers?

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  #3 (permalink)
 Ben16JP2 
New York, United States
 
Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker: Optimus/Rithmic
Trading: ES
 
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Posts: 75 since Oct 2010
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Would anybody be interested in evaluating Ace at Acetrades at the 3 days of live trading. I would be interested if anybody can give an idea what his methodology might be.

Here is the ad below.

Welcome back to OnlineTrader Central, the Virtual Conference site brought to you through hotComm technology. Traders from every discipline now can visit with the leading software companies, investment resources, trading guru's, and other traders right from the convenience of their computer. OnlineTraderCentral integrates hotComm interactive technologies from 1stWorks so that traders can conveniently extend their exposure to the lifelong learning process of trading.
This Tuesday, January 11, 2011, at 9.30 AM EDT, we will feature Ace of AceTrades:
Your registration today enables you to attend three consecutive free days of LIVE trading on January 11th starting at 9:30AM EDT. You do not need to participate each day but you may if you choose. Again, this is three free days of live trading on Tuesday January 11th, Wednesday January 12th and Thursday, January 13th.
We welcome back The Amazing Acetrades.com live numbers of accuracy. Called here and now.
Trading is one of the most lucrative endeavours out there. Our job as traders in any market is to capture intraday price swings. To understand a 5-10-20 even 40 pt range day. To succeed with more wins than losses, and to gain maximum confidence in what we see as price action. Daytrading requires a personality to coincide with the personality of the market that has a potential to either make you or destroy you and your trading confidence. Sound familiar?
Understanding price action and the rules of this auction combined with discipline and sound personal psychology is where this business begins period! From the Acetrades support and resistance numbers to the 90 percent probability price targets how can we go wrong.
From there you can step up to any market at any time on any time frame and start to diagnose with confidence, knowing exactly your location on the map at all times.
You are cordially invited to attend LIVE S+P action with Acetrades.com. Acetrades.com is offering a LIVE DEMO in real auction time.

Why? To show you the perfection of the Ace numbers and how to keep your wins not your losses. The Ace numbers are called with clarity using absolutely no lagging indicators or hidden formulas. Here you will have mentor and trainer to show you the 8 Ace keys to reading price action charts with no indicators. Acetrades will show you how to obtain that winning edge. We will guide you how to read the road map correctly and your inner confidence will naturally follow. Our key numbers are incredibly accurate as is price targets.
Register and view your local presentation time by clicking here then click on Tell A Trader to send this event link to your trading friends if you think they might also find it helpful.
Or visit www.onlinetradercentral.com to see the full list of presenters.
Risk disclosure: There is a substantial risk of loss in trading futures, options and forex. Past performance is not necessarily indicative of future results.

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  #4 (permalink)
 Linds 
Victoria, Australia
 
Experience: Intermediate
Platform: NT, MT4
Broker: NT
Trading: Bund , ASX 200
 
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Posts: 415 since Jul 2010
Thanks: 934 given, 527 received

Give it a go. But here is my opinion.
I spent some time in the room a while ago. Didnt learn much as he just calls out trades and basically suggests he has the magical secret holy grail ( the 'keys'). His loyal neophytes second that for your benefit. Seemed a selling exercise to me and he came across an arrogant kind of chap.

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  #5 (permalink)
steviebeef
Atlanta, Georgia
 
 
Posts: 1 since Mar 2011
Thanks: 0 given, 1 received

Ace Trades,

I have not had a good experience with this guy. Personality wise, he has an ego the size of Jupiter. Smart Alec as well. At his site if you are a guest and don't agree with him or challenge him on his method, he just boots you out.

He will not disclose anything about his "system" unless you are a member. Just that there are 8 KEYS to learn and they tell you everything. RIGHT!

However if you go to the live trading demo, he calls the "trade when it actually starts running, not before". You could never get filled except at market and all but novices know that's just plain stupid.

It looks as if he (or more probably someone else who actually knows what they are doing) determines broad Support and Resistance levels for the day, then, based on pre market futures action, suggests the markets move.

If he guessed right ( and I think that's all it is---a guess) you'll never hear the end of it. His minions chime in at this time as well, about how great he is.

If he guesses wrong, his response is "we take our little 1 pt. stop and move on". No peanut gallery remarks on the loss however.

But what is really the red flag is you can't find him. No address, phone, just a fax # that goes to a Stationary Store in his town, a Pay for Fax unit.

Not me, no how, no way. Hope this helps.

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  #6 (permalink)
 Tiberius 
Market Wizard
Coos County New Hampshire
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB
Trading: ES
 
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waste my time with Ace, on the three day trial, I couldn't even sim trade his trade calls......... He promotes the ES and the action is in the 6E and CL. If you want to throw $4000 at something try Dr. Bill..............

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  #7 (permalink)
tahoetim
Lake Tahoe
 
 
Posts: 2 since Aug 2009
Thanks: 0 given, 13 received

Our search for success might be compared to the quest for
the holy grail: we're looking for that one idea that will guarantee
that we can be consistent winners.
That goal is very simple but not always easy.
All of our frustrations and losses come from one source. We had expectations that were not met.
When we want what the market wants, we have no frustrations.
By aligning our own underlying structure with that of the market, we have no unfulfilled expectations.
With this approach, trading is a low-stress way to live. We
learn that we can get into a psychological "no-risk" structure
and have fun.
We realize that if trading is not fun, we are doing
something wrong, and the market, which is our only teacher,
will always always tell us exactly what is wrong and where our
errors lie.
Ace,of Acetrades.com has mastered market structure and his 9 keys are all that is really needed to be successful.
The old rule still holds true: The simplest things turn out to be the most profound.

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  #8 (permalink)
 Big Mike 
Site Administrator
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@tahoetim, please confirm you are the vendor or are affiliated with them.

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  #9 (permalink)
tahoetim
Lake Tahoe
 
 
Posts: 2 since Aug 2009
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Mike,the only affiliation I have is a student of the market and a student of Ace.The above are my opinions and
as such are to be viewed as those of a experienced trader. The secret to success as a trader,imo, is to find a
very low risk method to enter the market and repeat.

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  #10 (permalink)
 quin2k 
Wellington, New Zealand
 
Experience: Advanced
Platform: Ninja Trader, MetaTrader
Broker: AMP
Trading: CL,ES,FDAX
 
Posts: 9 since May 2010
Thanks: 61 given, 36 received


I purchased the AceTades system about 2.5 months ago and I use it daily to trade the ES, often during the early morning hours of the US session, and I’m happy to report that I my bottom line is positive and in the black. That is all that matters to me!

Whilst AceTrades often aims for 5 to 10 point runs, and he does achieve it at least 70% of the time (conservatively), I prefer to scalp in the anticipated direction of the price move. With the indices, I adopt a “scalpers” mentality because that is how the floor trades. Ace hates scalpers but it doesn’t bother me to have to pay the broker his bit if I can consistently scalp 3-4 ticks, 4-5 times during the first hour or two and be completely relaxed about the trades! A solid understanding of market structure and “position sizing” is in my opinion, the key! Perhaps Ace might call it key #10:-).

Admittedly, there have been days (not often though) when the ES refused to cooperate resulting in 3-4 losing trades, but that is just a part of trading and as long as your winners are larger and more frequent than the losers (positive expectancy), than one’s bottom line will be positive. Ace normally calls it a day if he has 3 losers in a row and that is good discipline.

I’ve endeavoured to be as unbiased as I can and I have no axe to grind.

Quin2k

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  #11 (permalink)
dansota
New York, NY
 
 
Posts: 12 since Jan 2011
Thanks: 8 given, 10 received

After 3 years trying to become a trader using lagging indicators and trading systems that never produced any consistency, I decided to enroll as a student with Acetrades. His methodology is simple yet powerful and relies only on price action. I'm amazed how he picks tops and bottoms with accuracy. I can enter a trade with confidence and a real and positive expectancy of what the market is going to do based on his methodology. His risk and money managemet are a very important part too. My charts are clean, I can read them with clarity and now I can trade stress-free.

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  #12 (permalink)
 Sunil P 
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
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Posts: 292 since Jan 2012

post a chart. Enough astute traders here will be the judge and jury.

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  #13 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Posts: 310 since Nov 2011
Thanks: 153 given, 427 received

I took a free trial day today with acetrades through OTC. Ugh. First of all, it was on the free version of Hotcomm so you can't control the volume. And Ace talks loudly. I had to keep muting him. But a few things I didn't like about his trading room:

1) He did not show his charts
2) He would not answer questions. A few of us asked what Key 9 and Key 5 was (he kept saying them over and over) and he just ignored the questions
3) He bragged a lot and implied other trading rooms don't know what they are doing and you will lose money with everyone else (but not with him)
4) I don't even know if he called any winning trades today. He kept calling levels but was he actually in a trade or just pointing stuff out? Not clear. But I could only stand him about 40 minutes before I left
5) Did I mention he was loud?

Anyway, bad experience there for me compared to other rooms I have visited.

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  #14 (permalink)
evroom1
sarasota fl
 
 
Posts: 42 since Dec 2009
Thanks: 31 given, 15 received

IF you have a bit of trading experince judging what is out there becomes easy. I have taken many courses training , mentoring etc. All at high cost in time and money. In fact I joined this forum to help me on my quest. I would agree that in order to trade you need to keep it simple. If you cannot explain your method to a 12 year old then you have the wrong method. Of course for the macho know it all types this comes as shear stupidity. Then this system is not for you. I love it. It works more often than not, stops are small and it not filled with useless trading information. You are taught how to trade, period. It worked for me after just about everything I have tried produced marginal results at best. Trading is all mental anyway and up to you in the end. If you want one of best systems out try this.
I thank you for this site for it has helped me progress as a trader and all the ninja helps as well.

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  #15 (permalink)
 ironman07 
Kansas City Mo.
 
Experience: Intermediate
Platform: Tradestation
Broker: tradestation
Trading: es
 
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Posts: 47 since Dec 2009
Thanks: 2 given, 47 received

Apparently ACE stole this method from a old Paltalk vendor that went by Kingfish. Kingfish is legendary a not hard to find in a search. The method is a crapshoot that simply uses s/r pivots as stops and hopes for the best. big stops -small targets. This method is similar to the Franz method that flipped at TradersInternational. amazing his flunkies found there way the BM ..::

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  #16 (permalink)
 Rad4633 
Greensboro NC
 
Experience: None
Platform: TOS/ NT Dorman
Trading: ES TF CL
 
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Posts: 1,352 since Sep 2011
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@ironman07

I agree with your conclusion from listening in for 2 days

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  #17 (permalink)
 danathetrader 
California united states
 
Experience: Intermediate
Platform: NT TS
Trading: ES EC CL
 
Posts: 4 since Nov 2010
Thanks: 7 given, 7 received

With out getting into specifics. or giving away his 9 secret keys. what is the methodology based on?

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  #18 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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No need to discuss further any of names mentioned in this thread just more time wasting. But it reminds me kf gave out his methods in the name of G. in order to reel in some last 'believers', after losing all their money there was news of his sudden death, the end. Here are link and his doc.
Ripoff Report | Kingfishtrader, Kingfishtraders.com, Steven A. Boyd | Complaint Review: 320863

Attached Files
Register to download File Type: zip attachments.zip (797.5 KB, 753 views)
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  #19 (permalink)
 RickW00716 
Richmond Virginia
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES
 
Posts: 315 since Feb 2013
Thanks: 297 given, 156 received

from all the descriptions here this(and "Ace") sound very similar to HT at leadingedgetrading.

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  #20 (permalink)
 ghostpipper 
rockford
 
Experience: Beginner
Platform: ninjatrader
Trading: oil
 
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Thanks: 3 given, 22 received


RickW00716 View Post
from all the descriptions here this(and "Ace") sound very similar to HT at leadingedgetrading.

I was thinking the exact same thing actually and thats very bad.

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  #21 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

acetrades is completely different to HT. the only similarity may be in the results, as both aim to pull out 10+ points on the ES. Ace last week did almost daily 10 points. I have paid for the signals but i find the calls to be unclear. he gives a resistance level but has no info on how to get in other than advising stops to be .75 ticks. he usually achieves his objective and plays a lot of sounds moaning and boasting on his calls. also plays quite old time music to show he is relax once he nails the direction. only downside is that the room closes quickly devoting time to members training

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  #22 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

i really want to challenge any1 to bring a better room than acetrades. this is the best room in the world. where else do u get daily 10 points.

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  #23 (permalink)
 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Posts: 310 since Nov 2011
Thanks: 153 given, 427 received


nqcruiser View Post
i really want to challenge any1 to bring a better room than acetrades. this is the best room in the world. where else do u get daily 10 points.

Well you answered your own question with your comment below


nqcruiser View Post
I have paid for the signals but i find the calls to be unclear. he gives a resistance level but has no info on how to get in other than advising stops to be .75 ticks.

Sounds to me like you are saying the signals are unclear. That and Ace's boasts and annoying personality would keep me away.

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  #24 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,046 since Jun 2009
Thanks: 857 given, 7,918 received


nqcruiser View Post
i really want to challenge any1 to bring a better room than acetrades. this is the best room in the world. where else do u get daily 10 points.


from valhallafutures. blogspot. com

Wed Apr 16 Trades & Journal
Trade Summary
20140416
...
Total NQ +22.0

Tues Apr 15 Trades & Journal
20140415
....
Total NQ +12.0
...

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  #25 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

the right to boasting is certainly a right to be enjoyed by all solid traders with a good call record. i did mention when he nails the daily royal flush of 10 points, he plays to prove the point. I dont know why any1 would take away from any1 the indivisible right to boasting, especially when he does it daily.

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  #26 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

that website nailed -9 pts on nq yesterday. bad performance.

****
Mon Apr 21 Trades & Journal
20140421
Long 1 NQ 3530.5, -2.0
Short 1 NQ 3527.25, 3627.5, -2.0, -1.25
Long 2 TF 1134.4, 1134.6, +1.7, +0.7
Long 1 TF 1137.2, -0.5
Short 1 YM 16381, -2
Short 1 YM 16381, -5
Short 1 TF 1138.4, -0.1
Short 2 TF 1139.3, 1139.0, +2.0, +0.7
Long 1 NQ 3535.25, -1.5
Long 1 TF 1136.4, -0.5
Long 1 YM 16372, -5
Long 1 NQ 3534.25, -1.5
Long 1 NQ 3529.5, -1.5
Long 1 YM 16370, -7
Long 2 TF 1133.3, 1133.3, +1.0, -0.4
Long 2 TF 1131.1, 1131.2, -0.5, -0.5
Long 2 TF 1130.3, 1130.3, +1.0, -0.6
Long 1 ES 1857.75, +2.0
Long 1 YM 16340, -0
Short 1 TF 1132.9, +1.2
Short 1 TF 1132.5, -0.4
Short 1 TF 1136.0, -0.3
Short 1 TF 1136.1, -0.3
Total NQ -9.75
Total ES +2.0
Total YM -19
Total TF +4.2

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  #27 (permalink)
 kronie 
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
 
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Posts: 798 since Oct 2009


nqcruiser View Post
that website nailed -9 pts on nq yesterday. bad performance.

****
Mon Apr 21 Trades & Journal
20140421
Long 1 NQ 3530.5, -2.0
Short 1 NQ 3527.25, 3627.5, -2.0, -1.25
Long 2 TF 1134.4, 1134.6, +1.7, +0.7
Long 1 TF 1137.2, -0.5
Short 1 YM 16381, -2
Short 1 YM 16381, -5
Short 1 TF 1138.4, -0.1
Short 2 TF 1139.3, 1139.0, +2.0, +0.7
Long 1 NQ 3535.25, -1.5
Long 1 TF 1136.4, -0.5
Long 1 YM 16372, -5
Long 1 NQ 3534.25, -1.5
Long 1 NQ 3529.5, -1.5
Long 1 YM 16370, -7
Long 2 TF 1133.3, 1133.3, +1.0, -0.4
Long 2 TF 1131.1, 1131.2, -0.5, -0.5
Long 2 TF 1130.3, 1130.3, +1.0, -0.6
Long 1 ES 1857.75, +2.0
Long 1 YM 16340, -0
Short 1 TF 1132.9, +1.2
Short 1 TF 1132.5, -0.4
Short 1 TF 1136.0, -0.3
Short 1 TF 1136.1, -0.3
Total NQ -9.75
Total ES +2.0
Total YM -19
Total TF +4.2

ouch!!

some auto traders have max account excursion / max draw-down setting that prevents a runaway disaster, like you described, -$900.

after all, a blind minkey (a la Peter Sellers / Pink Panther) could throw a horse apple and hit a winner better than that average...

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  #28 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,046 since Jun 2009
Thanks: 857 given, 7,918 received

also Jaguar club, avg out 10p a day
 
Code
....

Friday, April 11, 2014
..., ES +8.0

Tuesday, April 15, 2014
..., ES +8.0,...

Wednesday, April 16, 2014
..., ES +8.0

Thursday, April 17, 2014
..., ES +16.0

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  #29 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

what is the website?


cory View Post
also Jaguar club, avg out 10p a day
 
Code
....

Friday, April 11, 2014
..., ES +8.0

Tuesday, April 15, 2014
..., ES +8.0,...

Wednesday, April 16, 2014
..., ES +8.0

Thursday, April 17, 2014
..., ES +16.0


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  #30 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
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Posts: 4,045 since Oct 2009
Thanks: 3,697 given, 5,233 received


nqcruiser View Post
i really want to challenge any1 to bring a better room than acetrades. this is the best room in the world. where else do u get daily 10 points.

10 points? Hum!

When playing the cards, Ace is usually worth 1.

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  #31 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,046 since Jun 2009
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nqcruiser View Post
what is the website?


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  #32 (permalink)
 toulouse-lautrec 
Europe
 
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So i visited the free trial that was offered this week.

First of all, i am surprised there is very little information on "acetrades" out there considering how long he has been around.

Mr. Ace usually shows no charts, only talks a lot and posts a few numbers here and there in a hotcomm chat (he actually did show indicator-free charts on a few brief occasions).
It was not clear to me if the numbers posted were supposed to mean straight numbers for entries or just potential entries, or maybe areas.
He also posted 'risk' numbers, which i believe simply are stops.
He appears to cover ES, CL, and GC markets from what i could gather.

Sometimes, he would start shouting and yelling like a maniac, or play ridiculous music, so i had to turn the speakers off, and i might have missed a few informative and clarifying words from Mr. Ace ...

Overall, he left me confused with his trading. Sure, a chart or a DOM might have helped. I have to admit however, i was not fully focused due to the music and the shouting, making me turn to other things temporarily.
I've put markers on my chart according to some of the stuff that appeared in the text chat. If these were supposed to be entries then i would have been stopped out on quite a few of them (think he mentioned a 3-4 tick stop is what he uses).
Again, i don't mind giving him the benefit of the doubt, as i cant really say i fully understood what he was doing.
Sometimes, it appeared the trade would work, but then it was not clear to me where his target was.

I do visit trials occasionally "on the side" and i just dont have time or motivation to sit there and listen for 2-3 hours of a "radio show" full of banter. i lose my focus pretty quickly and that's simply why i could have missed the occasion where he might have explained what he is doing.
All i can say is, if i was to demonstrate the effectiveness of my system to a bunch of strangers i would make it a bit more clear what i am doing and why you should send over your cash to become a member.

There were a couple of the usual type red flags:
- No 1, bragging about how many points you'd made as his student / customer the last couple of days. That record was played multiple times....
- Then, making fun of everything else out there, indicators, rooms, etc. He had a blast making fun of esignal's built in indicators.
- he went to do some 'training' after he was done with trading. Well the "training" was just mostly about showing a table with inflated numbers about how much money is out there waiting for you to be grabbed....

Others have mentioned that he does not even have a contact address on his website. I looked at the website, and he actually has one. However, on google streetview it looks like a strip mall... lol

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  #33 (permalink)
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym, dax
 
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I just completed a couple of free days. I agree with most of what has been said thus far. I get turned off by his constant bragging. Although, I was impressed during the initial part of the live session, after the session ended I came down to reality.

He mailed to the "trialers" a copy of the day's log. I am pasting it below. (I guess it is not proprietary since he volunteer it).

I accepted the challenge on the first sentence of his mailer and marked up the CL chart using his calls. His first "guess" on CL short was right on. However, he did not mention when to exit the remaining "trailing" contracts before reversing long.

Also, if you follow carefully the subsequent calls on the long side after he reversed they are very ambiguous and any trader would have lost his shirt going long.

Subsequently, he calls a reversal to the short side but that was way too late and he did not follow through with any more comments. He left people in limbo on the short.

My two cents worth conclusion: In looking at the areas he made his calls it coincides with Supply and Demand areas. His CL reversal to long was on a demand area that eventually failed and CL continued its downward move. So as he would say "ENJOY" (saving $3500-$5000 subscription fee by sticking to s/d?).



----------------------------------- ACE log and advertisement from 11/12/2014 ---------------------------------
Now go back and put up a chart and see the number and the time that The Ace System is calling both the entry opportunities and the Targets on the E mini Sp and Oil CL markets today.

First thing this am Bears being called sells on CL and then bulls a bit later on in the session on CL . Fine and dandy well over $1000 dollars called easily on CL once more today .

Now for the Emini SP go back an see what time the Ace System called the Bears on the Emini Sp and what time The Ace System called the 10 point Royal flush targets down side once again with Clarity and precision. Thats well over 20 points called by Ace again today in the Emini SP.


07:17:58 {Ace} Good Morning all

07:18:09 {Ace} Congrats Ace members on another super huge day yesterday

07:18:55 {Ace} Huge run up on CL and Huge run down in GC Called Live Yesterday with Precision according to the Ace System and methodology

07:19:07 {Ace} Calling the very top and bottom in this room Yesterday CL GC

07:19:09 {Ace} Enjoy

07:19:46 {Ace} Sell Bears folks CL

07:20:32 {Ace} Bears on CL Oil

07:21:14 {Ace} HUGE

07:21:47 {Ace} Again key 9 pushing down side ES for now

07:22:30 {Ace} tank folks CL

07:22:33 {Ace} <<Dive>>

07:22:36 {Ace} CL

07:22:49 {Ace} nice move cl

07:23:02 {Ace} <<Hooahhhh!>>

07:24:19 {Ace} big move down CL folks from 46.65 ARea Called here at 7.20 this am

07:24:33 {Ace} resistance on ES is 41.50 so stick with Bears Sells as well

07:24:35 {Ace} Ace key 9

07:24:53 {Ace} Huge run there CL folks called before the move down

07:25:51 {Ace} take some profit out CL folks

07:26:22 {Ace} take first profit at 76.34

07:26:25 {Ace} CL

07:27:51 {Z_Ron} good

07:27:51 {D_Jimmy_Jet} y

07:27:52 {Z_Pete} Morning Ace and all

07:28:09 {Ace} Enjoy Again folks last signal Bears Called on CL

07:28:16 {Ace} as well as ES 41.50

07:29:45 {Z_Frank_D} good morning all

07:29:46 {Z_Michael_H} Good Morning all

07:30:20 {Ace} ES Key 9 Pushing down side members ES, CL

07:33:31 {Ace} enjoy a great start to your day folks

07:35:33 {C_Dre} good morning Ace and all...

07:35:45 {Ace} ES Resistance ES called earlier 41.50

07:36:25 {Ace} IF multi lotter cover half of position now at 2040.00 ES

07:38:09 {Ace} Pull the risk down now cl now to 76.50

07:38:33 {Ace} if scaling out folks

07:40:20 {Ace} 41.75

07:40:26 {Ace} 41.75

07:40:32 {Ace} 41.75 risks ES

07:41:05 {Ace} Stick with Bears folks CL

07:43:00 {Ace} nice move down folks cl

07:53:33 {Ace} OK folks Bears called here earlier on ES

07:53:35 {Ace} 41.50

07:53:50 {Ace} if short the 41.50 Area cover half of position at 40.25

07:54:01 {Ace} again risk goes at 41.75

07:54:04 {Ace} Enjoy

07:54:27 {Ace} <<Dive>>

07:55:11 {Ace} And down we go folks

07:55:39 {Z_Michael_H} y

07:56:49 {D_TR} yes sir

07:56:49 {D_TR} yes

08:01:48 {Ace} Stick with Bears folks

08:01:53 {Ace} ES

08:02:09 {Ace} and CL as well if scaling out on CL take next profit at 76.18

08:02:11 {Ace} CL

08:02:40 {Ace} If scaling out on ES Take next profit at 38.50 if multi lot trader Scaling out of the Position

08:04:04 {Ace} Market bounce now on cl

08:04:05 {Ace} enjoy

08:04:25 {Ace} NIce 3 point move down on ES to get started folks and more on the way

08:05:43 {Ace} 5 point Straight coming Next on ES

08:05:45 {Ace} enjoy

08:07:52 {Ace} Members enjoy them bulls back again on CL Thanks !

08:07:58 {Ace} Bears Earlier called CL

08:30:26 {Ace} Stick with Bears folks ES

08:30:33 {Ace} Through the News Ace members

08:32:28 {D_TR} great

08:32:29 {D_TR} ok thanks

08:32:38 {Ace} Stick with Bears ES folks

08:32:52 {Ace} Ace key 9

08:34:32 {Ace} 5 Point Straight to start the day folks ES

Whos on Bears Ace members?

08:34:36 {Ace} bulls back CL

08:41:55 {Ace} enjoy

08:43:19 {D_Lowell} y

08:43:19 {1_TT} yep

08:43:33 {C_Trillions} Y

Whos on Bears Ace Members?

08:43:34 {chris_12} I’m short ES

08:43:35 {12_Hindsighttrader} y

08:43:36 {snowman} y

08:43:36 {D_Mark_H} y

08:43:36 {Z_Michael_H} y

08:43:37 {Z_Wes} y good moning all

08:43:37 {chris_12} sound good

08:43:37 {D_Lowell} y

08:43:38 {B__Ron} y

08:43:38 {Z_therminator} y

08:43:41 {Z_PAT_S} y

08:43:42 {D_Gary_V} y

08:43:42 {D_Bruce} y

08:43:43 {D_JimmyH} y

08:43:44 {D_Dave} good

08:43:44 {D_TR} yes

08:43:45 {C_Francois} y

08:43:45 {1John_L} y

08:43:48 {1Jeff_S} y

08:43:52 {A_RG} yes

08:43:53 {D_Jimmy_Jet} y

08:43:57 {D_ender54} y

08:44:01 {sally_k} y

08:47:22 {Ace} bulls are coming back CL

08:47:36 {Ace} on CL

08:47:58 {Ace} bulls CL

08:50:41 {1_TT} NQ a$ well

08:52:25 {Ace} Hows that opportunity on CL folks

08:53:22 {D_TR} yes

08:53:23 {Z_Pete} yes

08:53:24 {1_Ernie} Yes sir

08:53:24 {snowman} yes sir

08:53:25 {Jeff_1} yes..CL

08:53:26 {D_Mark_H} y

08:53:27 {10_Jerome} yes

08:53:46 {K_JoeT} yes sir

08:53:46 {Z_therminator} y

08:53:47 {1_TT} day in day out

08:53:55 {Ace} Thanks! Folks your learning

08:53:56 {C_Anthony} Perfection

08:54:44 {1_Ernie} Nothing like this system. I do not use anything else

08:59:15 {1John_L} No where else I'd rather be than here with the Ace man and the profitable system that works day in and day out. Pinch me.

09:01:42 {Ace} bulls CL yes

09:07:09 {Ace} bulls CL

09:07:15 {Ace} enjoy them bull’s folks CL

09:08:09 {Ace} nice pop again CL folks

09:08:14 {Ace} cover half on bulls

09:10:18 {Ace} bulls again CL

09:10:26 {Ace} bulls CL

09:10:27 {Ace} CL

09:10:29 {Ace} CL

09:10:30 {Ace} bulls

09:17:24 {Ace} Enjoy the CL rally folks

09:19:32 {1Diva777} y

09:20:11 {sally_k} y

09:22:58 {Ace} Bulls CL called earlier Thanks !

09:23:00 {C_Kirby} yes sir.

09:23:01 {sally_k} on it

09:23:05 {1_Ernie} Y

09:23:06 {D_Bruce} y

09:23:12 {sally_k} Thank You !

How Many loosing days this Year folks in The Ace members room?

09:27:00 {L_Rory} NONE

09:27:00 {c_lowell} zip nada

09:27:01 {snowman} 0

09:27:04 {1_Ernie} Maybe 1-2 I had none

09:27:05 {1_TT} can't remember one

09:27:07 {K_JoeT} I haven’t seen any since I been here

09:27:07 {D_Mark_H} None for me



09:38:48 {Ace} 40 area resistance ES

09:38:52 {Dk0} Good Morning Ace and All

09:44:24 {D_Lowell} y

09:44:24 {1_TT} 2nd time

09:44:25 {C_Trillions} Y

09:44:26 {sally_k} me

09:44:27 {1Jeff_S} y

09:47:40 {Ace} enjoy folks

09:48:08 {Ace} very smooth morning once again

09:48:10 {Ace} enjoy

09:50:10 {Ace} Patience as market probes ace key 9

09:53:46 {Ace} risk is ok folks at 41.50 NOW

09:53:47 {Ace} cover half of position again folks

09:54:09 {C_Trillions} Y

09:54:10 {1_TT} yep

09:54:11 {K_JoeT} y

09:54:16 {C_Kirby} y

09:54:17 {D_JimM} me

09:54:18 {12_Hindsighttrader} y

09:54:49 {Ace} 40.25 cover half of position

09:55:43 {Ace} Stick with Bears folks ES

09:55:58 {sally_k} y

09:56:26 {Ace} enjoy
10:01:06 {Ace} stick with Bears folks on ES

10:02:18 {Ace} Bears back CL yes

10:02:41 {Ace} Whos on Bears yet ES

10:03:06 {chris_12} I'm back in ES short

10:03:23 {12_Hindsighttrader} yes sir

10:03:24 {1_Ernie} y

10:04:13 {Ace} Lots more comming on the ES folks

10:04:20 {Ace} leave risk at 41.50 ES

10:04:27 {Ace} if scaling out multi lotter

10:08:08 {Ace} ES the focus for now

10:12:17 {Ace} Whos ready to tank again folks?

10:12:21 {sally_k} y

10:12:36 {1Garry} YEP

10:12:41 {10_Jerome} yes

10:12:41 {C_Kirby} y

10:12:43 {12_Hindsighttrader} y

10:20:38 {Ace} Whos on Bears folks

10:20:59 {sally_k} yo

10:20:59 {Z_Michael_H} y

10:25:27 {Ace} Wait

10:29:34 {Ace} 41.50-41.75 Back to Bears ONLY!!!!

10:29:36 {Ace} 41.75

10:29:38 {Ace} Bears ES

10:32:16 {Ace} Write em down so ya gottem folks

10:35:42 {Ace} Below 41.50 Back to Bears

10:35:52 {Ace} LR members

10:40:59 {D_TR} y

10:41:00 {1John_L} y

10:41:00 {12_Hindsighttrader} y

10:41:01 {L_TW} y

10:41:02 {10_Jerome} y

10:41:03 {snowman} y

10:41:03 {Z_Rich} y

10:41:04 {K_JoeT} y

10:41:04 {B__Ron} y

10:41:06 {sally_k} y

10:41:43 {Ace} bears folks 42-43

10:43:16 {Ace} should Be on Bears folks ES

10:43:32 {b_danny} according to the system, we should DIVE from here

10:43:33 {11-don} y

10:43:33 {Z_Biagio} y

10:43:33 {Dk0} y

10:43:34 {D_Bruce} y

10:43:40 {Ace} Whos on Bears folks

10:45:04 {Ace} Stick with Bers folks

10:45:08 {1Jeff_S} y

10:45:08 {D_Lowell} y

10:45:09 {1John_L} y



10:56:04 {Ace} 43 Bears folks

10:56:08 {Ace} 43 for now

10:56:11 {Ace} Enoy

10:56:15 {Ace} enjoy

10:59:09 {Ace} Enjoy folks Bears 2043 as posted Thanks !

10:59:15 {Ace} risk now at 43.25

11:00:45 {Ace} if multi lotter cover half of position at 41.50

11:01:41 {Ace} Stick with Bears folks

11:01:44 {Ace} Whos on Bears

11:01:55 {1John_L} y

11:06:50 {Ace} Stick with Bears folks Perfection once again

11:07:26 {Ace} Trail risk now on Remainders if scaling out at 2042 if scaling out at first targets of 2039 Area

11:08:53 {Ace} <<Dive>>

11:08:59 {Ace} 5 point straight to get started folks

11:09:16 {Ace} more on the way folks

11:10:28 {Ace} 10 point royal flush coming next ES folks

11:11:33 {Ace} Leave remainders at 2042 if scaling out

11:13:40 {Ace} If scaling out take next profit at 2037.50 and then shoot for 10 points next targets

11:14:17 {Ace} Thanks !

11:15:45 {Ace} Lets tank folks

11:15:53 {Ace} huge day once again

11:16:08 {Ace} Big day folks

11:16:11 {Ace} Lets Tank folks

11:16:22 {Ace} if multi lotter scaling out

11:16:23 {Ace} ES

11:21:36 {Ace} another Fantastic day folks

11:21:42 {Ace} as per the Ace System

11:22:08 {Ace} Nice 5 point straight again there ES folks Then look for 10 Point Royal Flush Next

11:22:12 {Ace} Thanks ! and enjoy your day

11:22:33 {1John_L} Thank You!

11:22:37 {Ace} Enjoy folks Thanks !

11:22:41 {Z_Rich} Thank You ! Ace

11:22:57 {Dk0} Thank you Ace

11:22:57 {1John_L} Incredible!!

11:23:06 {Ace} Thanks ! folks

11:23:14 {Z_therminator} thanks again Ace

The Ace Live demonstrations are held in Real Time not after the fact Seminars peddling magic indicators and such. Dare to show us anything that even comes close

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  #34 (permalink)
 toulouse-lautrec 
Europe
 
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watched the live demonstration again today for a while.

the good news is, i did not hear any yodeling today.

ace identified some inflection points in the market, which he used for counter-trend trades. he allows price to go a few ticks against the identified levels for "floor traders probing". So basically he implies some margin of error but keeps repeating how often he calls the market turns "to the tick"... ;-)

unfortunately, finding potential levels seems to be all to the "system". To be clear, sometimes the market will make a bigger move from those levels, sometimes it will barely move.
if it moves a decent amount in his favor, he will make a big fuss about it, leaving the observer to guess where he might have taken profit, if any. if not, he will shove it under the rug or play it down as break even or small loss.

he furiously kept calling long trades in a downtrending CL market today, over and over again. some of the trades might have been good for $100-200 / car (under optimal, theoretical conditions), however it was totally unclear where he would have taken profit. in all fairness, he reminds his followers to take partial profits often after a few ticks for "multi lotters". what would have happened with the remaining contracts is not clear, stopped out at be? what about those trading just one contract?
many other of his trades that i have witnessed would have been break even trades at best, more realistically however they'd been losers and eventually would have wiped out any gains.

Certainly it would have been much much more profitable to short the CL today, and i wonder why shorting was not considered.

Let's be clear about this, if you are experienced and are able to exercise good risk management you may survive this kind of trading. if not, you may easily find yourself thrown under the bus.

ace is clearly a show man and might have been used car sales man previously... he kept talking about those trades which would have worked in a way as if he was able to cure cancer, but all the trades that didn't work were obviously not worth talking about.

He later emailed a daily recap which i would not exactly call "brutally honest".

I certainly doubt he is trading at all, probably not even sim.

Having said above, i would still like to learn how he determines his levels, just because i am curious and there might be something useful to learn here. Unfortunately you pay not only in hard cash for his teachings but it is also clear that you will have to bear his oversized ego and constant banter. Not sure i can afford.

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  #35 (permalink)
JCHAWAII
Haleiwa, Hawaii, USA
 
 
Posts: 25 since Feb 2014
Thanks: 42 given, 17 received

Aloha

I too was in the room today and mostly agree with what you say, but then today was a super hard day, although it sure would have been a great day to short.

I had been in a prior trial and was absolutely amazed at the accuracy of his trades. His stops were super tight, 3 to 5 ticks, and I was able to put aside the constant yelling , yodeling and noise. When I did, I was able to make fantastic trades, almost 200 ticks in CL. Today was harder. It may have been due to the market moving around so much. His calls were too rapid for me today but then I was pretty tired too (I live in Hawaii and have to get up at 3 am for his room).

He may or may not be trading. He has one chart with no indicators and sometimes draws a line that he trades from. I would sure like to know how he gets so accurate. I have seen about 6 sessions. I am not sure how long I could handle the constant talking but after a few times I did get used to it and was able to pick out his calls.

i am sure most, if not all the people here dislike him and I got kicked around a bit on another thread for saying some favorable comments on another room similar to his, School Of Trade. I don't have an axe to grind and simply want to make money. I have been around a lot and I am pretty used to super eccentric people, so these wild personalities don't bother me. Welcome to the World of Trading!

ps...try to keep an open mind. Caution ; passionate opinions ahead.

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  #36 (permalink)
 toulouse-lautrec 
Europe
 
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JCHAWAII View Post
Aloha

I too was in the room today and mostly agree with what you say, but then today was a super hard day, although it sure would have been a great day to short.

...

i am sure most, if not all the people here dislike him and I got kicked around a bit on another thread for saying some favorable comments on another room similar to his, School Of Trade. I don't have an axe to grind and simply want to make money. I have been around a lot and I am pretty used to super eccentric people, so these wild personalities don't bother me. Welcome to the World of Trading!

ps...try to keep an open mind. Caution ; passionate opinions ahead.

jc, what was super hard about this day? can you elaborate?

furtherm what is similar about this other room, schooloftrade to this one? same vendor? same "system" ? pls explain

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  #37 (permalink)
JCHAWAII
Haleiwa, Hawaii, USA
 
 
Posts: 25 since Feb 2014
Thanks: 42 given, 17 received

The day I am referring had announcements and news. When I say it was a tough day I am saying it was a tough day for me. Ace did well and if I paid attention (you REALLY have to pay attention there and that "ain't" easy) I would have done very well. Reviewed my trades and found my mistakes.

There is some similarity with SOT here but as we say in Hawaii "kinda the same...but different" Both post huge daily gains, both have a lot of self confidence (ie ego's), they love to talk and a lot of people here really hate them. Really, really hate them.

I am super curious by nature. I am around the biggest ego's on earth (pro surfers) on a daily basis so I am able to look past that but there ARE a lot of red flags here. Try to get as many trials as you can and get used to the bantering and noise. I made 7 1/2 points today but I am exhausted...lol I have one more day after 3 trials and don't know how many I can finagle. I do wish ACE and SOT were more transparent but then I am not about to let you read my books (for my company)...lol...john

ps...did I mention the yodeling sounded quite good when I made 7.5 points?

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  #38 (permalink)
 jerryjerry 
GARLAND TEXAS
 
Experience: Intermediate
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i was in a three day trail last week ,i was very inpressed with the way he can call a buying level and a sell level , ace does show his chart you can see the level that he is trading off of ,and he will tell you to take profits at mostly one point profit if he is trading the es that day and leave the rest for bigger profits .most of the time the market will go for much bigger profits , but he does not tell you when to scale out for the bigger profits i guess that is is for the member s who have took the couse that know the money mangetment that ace uses ,he uses a 3 tick stop above or below the posted number for sometime the market will go though it so you have to be carefully ,i have not took the couse yet ,just the trail i contracted him and he does one on one training for 1200 per hour so i might give it a go in the future i just dont know how many hours it would take to fully learn the system, so i will see

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  #39 (permalink)
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym, dax
 
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@jerryjerry

Would like to hear from you after you take the course.

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  #40 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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I received an invite for the 3 day freebie. I only tracked 2 days - took about 15 minutes to figure out what he was doing. He also has a couple of YouTubes.
It's just a 23.6% fib retracement level usually measured about an hour and half before the open. He only showed the ES, but that was enough to figure it out.
Today he didn't post the level until about 45 minutes before the open.

Chart size is either 50 or 144 tick from what I could see in the 2 days I listened in (I only stayed in about 20 minutes).

This is not rocket science folks. He gets an outrageous sum of money for his training and mentoring. He only answers easy questions - I asked him if he always gets his levels before the market opens - no answer. Only answers questions with regard to his course, chat room, etc. Nothing substantial.
He does get his 5 pts though - have to give him that - at least when I was in there - also tested his method on a few random charts - I've seen something like this before only on 15 minute bars. Would have to test a bunch of charts under different market conditions to see if it's a viable strategy or not.
He uses a 3 tick stop. One trade was stopped yesterday but overall, came out with 10 pts.
He does not publish any stats - so there's got to be a reason for that - otherwise it would be all over his website if he made that 5 pts every day or at least most days.
P.S. I will train you in this method for $.50 cents.



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  #41 (permalink)
 RickW00716 
Richmond Virginia
 
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phantomtrader View Post
I received an invite for the 3 day freebie. I only tracked 2 days - took about 15 minutes to figure out what he was doing. He also has a couple of YouTubes.
It's just a 23.6% fib retracement level usually measured about an hour and half before the open. He only showed the ES, but that was enough to figure it out.
Today he didn't post the level until about 45 minutes before the open.

Chart size is either 50 or 144 tick from what I could see in the 2 days I listened in (I only stayed in about 20 minutes).

This is not rocket science folks. He gets an outrageous sum of money for his training and mentoring. He only answers easy questions - I asked him if he always gets his levels before the market opens - no answer. Only answers questions with regard to his course, chat room, etc. Nothing substantial.
He does get his 5 pts though - have to give him that - at least when I was in there - also tested his method on a few random charts - I've seen something like this before only on 15 minute bars. Would have to test a bunch of charts under different market conditions to see if it's a viable strategy or not.
He uses a 3 tick stop. One trade was stopped yesterday but overall, came out with 10 pts.

So that 23.6% fib level is calculated from an overnight swing about 90 minutes before the open? And then used for longs and/or shorts throughout the day?

How does he get his levels during the day? I also was in the room for a trial before and he talked about different "keys" that were setups for trades. To me it appears that he is just using support/resistance levels but i don't know.

Please keep us updated on how your research goes

See screenshots below


So that 23.6% fib level is calculated from an overnight swing about 90 minutes before the open? And then used for longs and/or shorts throughout the day?

How does he get his levels during the day? I also was in the room for a trial before and he talked about different "keys" that were setups for trades. To me it appears that he is just using support/resistance levels but i don't know.

Please keep us updated on how your research goes

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  #42 (permalink)
 phantomtrader 
Reno, Nevada
 
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RickW00716 View Post
So that 23.6% fib level is calculated from an overnight swing about 90 minutes before the open? And then used for longs and/or shorts throughout the day?

How does he get his levels during the day? I also was in the room for a trial before and he talked about different "keys" that were setups for trades. To me it appears that he is just using support/resistance levels but i don't know.

Please keep us updated on how your research goes

I'm not really doing any research - when I get an invite to a webbie I usually check in to see what it's all about. And I saw a post here on BigMike's when I researched his website.

I only stayed in there about 20-30 minutes. I have no idea if he changes his levels during the day session. But from what he said, most of his students are finished early on - so if they make their 5 pts, they probably shut it down.

My interpretation of what he does is strictly from the 2 days I was in the room for a short time and what he has on YouTube. It looked fairly consistent to me as far as the setup was concerned.

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  #43 (permalink)
 RickW00716 
Richmond Virginia
 
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phantomtrader View Post
I'm not really doing any research - when I get an invite to a webbie I usually check in to see what it's all about. And I saw a post here on BigMike's when I researched his website.

I only stayed in there about 20-30 minutes. I have no idea if he changes his levels during the day session. But from what he said, most of his students are finished early on - so if they make their 5 pts, they probably shut it down.

My interpretation of what he does is strictly from the 2 days I was in the room for a short time and what he has on YouTube. It looked fairly consistent to me as far as the setup was concerned.


his levels remind me of the levels given on 'leading edge trading" by their head trader who is simply referred to as "HT".

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  #44 (permalink)
 Srq1 
Sarasota, Fla
 
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evroom1 View Post
IF you have a bit of trading experince judging what is out there becomes easy. I have taken many courses training , mentoring etc. All at high cost in time and money. In fact I joined this forum to help me on my quest. I would agree that in order to trade you need to keep it simple. If you cannot explain your method to a 12 year old then you have the wrong method. Of course for the macho know it all types this comes as shear stupidity. Then this system is not for you. I love it. It works more often than not, stops are small and it not filled with useless trading information. You are taught how to trade, period. It worked for me after just about everything I have tried produced marginal results at best. Trading is all mental anyway and up to you in the end. If you want one of best systems out try this.
I thank you for this site for it has helped me progress as a trader and all the ninja helps as well.

Wondering how is been going, if you still in the Ace trades room.
Thanks for your feedback.
Srq1

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  #45 (permalink)
 jerryjerry 
GARLAND TEXAS
 
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Srq1 View Post
Wondering how is been going, if you still in the Ace trades room.
Thanks for your feedback.
Srq1

no i have not taken the training yet but i still come to the free sesions that he does .and like i sayed before his calls are amazing ,the only reason i have not taken the one on one training is because i am a member of the gtr trade room and my wife will not let me now and i commited $9000 to it

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  #46 (permalink)
 cory 
the coin hunter
virginia
 
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jerryjerry View Post
no i have not taken the training yet but i still come to the free sesions that he does .and like i sayed before his calls are amazing ,the only reason i have not taken the one on one training is because i am a member of the gtr trade room and my wife will not let me now and i commited $9000 to it

focus on gtr room and learn all you can,one year goes fast.

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  #47 (permalink)
 traderxman 
Toronto+Ontario/Canada
 
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what is gtr room?

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  #48 (permalink)
 cory 
the coin hunter
virginia
 
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traderxman View Post
what is gtr room?

Let me google that for you

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  #49 (permalink)
 jerryjerry 
GARLAND TEXAS
 
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traderxman View Post
what is gtr room?

global trade room by simon

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  #50 (permalink)
 traderxman 
Toronto+Ontario/Canada
 
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Wow Cory...

u are the master of mean...markets not treating u well?

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  #51 (permalink)
 fido 
Bangkok, Thailand
 
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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)
 Big Mike 
Site Administrator
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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)
 jerryjerry 
GARLAND TEXAS
 
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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)
 justtrader 
San Francisco, CA
 
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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)
 fido 
Bangkok, Thailand
 
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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)
 mak4xtrader 
Los Angeles,California
 
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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)
 ironman07 
Kansas City Mo.
 
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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)
 Itchymoku 
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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.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #59 (permalink)
 justtrader 
San Francisco, CA
 
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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 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)
 cavedog 
Kelowna, BC
 
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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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  #61 (permalink)
 podowitz 
Atlanta, GA
 
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phantomtrader View Post
I received an invite for the 3 day freebie. I only tracked 2 days - took about 15 minutes to figure out what he was doing. He also has a couple of YouTubes.
It's just a 23.6% fib retracement level usually measured about an hour and half before the open. He only showed the ES, but that was enough to figure it out.
Today he didn't post the level until about 45 minutes before the open.

Chart size is either 50 or 144 tick from what I could see in the 2 days I listened in (I only stayed in about 20 minutes).

This is not rocket science folks. He gets an outrageous sum of money for his training and mentoring. He only answers easy questions - I asked him if he always gets his levels before the market opens - no answer. Only answers questions with regard to his course, chat room, etc. Nothing substantial.
He does get his 5 pts though - have to give him that - at least when I was in there - also tested his method on a few random charts - I've seen something like this before only on 15 minute bars. Would have to test a bunch of charts under different market conditions to see if it's a viable strategy or not.
He uses a 3 tick stop. One trade was stopped yesterday but overall, came out with 10 pts.
He does not publish any stats - so there's got to be a reason for that - otherwise it would be all over his website if he made that 5 pts every day or at least most days.
P.S. I will train you in this method for $.50 cents.



See screenshots below


OK, so I'll send you $0.50! I've followed ACE in a couple of free trials and like many others, I find him annoying, arrogant and very close-mouthed about his system. But I can generally understand the trades he calls, and I've made money with him. Not enough to pay for a TEN GRAND lifetime membership, tho!!

Tried your 23.6 Fib notion and it works pretty well in and of itself but haven't re-upped a trial yet to see if it matches Ace's magic number level. Seems to me that some real talent or rule structure defines WHICH swing to use for the Fib retracements. Also, how to define the long/short bias against which to trade the line. Is there a recasting of the fib if the market reverses during the day?

Would be grateful for your further insights. Thanks!

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  #62 (permalink)
 phantomtrader 
Reno, Nevada
 
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podowitz View Post
OK, so I'll send you $0.50! I've followed ACE in a couple of free trials and like many others, I find him annoying, arrogant and very close-mouthed about his system. But I can generally understand the trades he calls, and I've made money with him. Not enough to pay for a TEN GRAND lifetime membership, tho!!

Tried your 23.6 Fib notion and it works pretty well in and of itself but haven't re-upped a trial yet to see if it matches Ace's magic number level. Seems to me that some real talent or rule structure defines WHICH swing to use for the Fib retracements. Also, how to define the long/short bias against which to trade the line. Is there a recasting of the fib if the market reverses during the day?

Would be grateful for your further insights. Thanks!

I haven't given it much thought after my observations in the free trial. It looks like his initial trades are always before the NYSE open so perhaps he uses some type of GLOBEX support/resistance levels as well. If you take another trial, put the PIvotZonesDailyV42 on your 24 hour chart and see if you can match some of the levels with his trades. Definitely not worth 10 grand - then again if you can tweek it and manage the setup, limit the number of trades - hell, maybe you can develop something out of it. Reverse engineer what he's doing and see if it's worth it.


I uploaded anaDailyPivotsV42 in case you don't have it. I think it was Wizard who wrote the code.

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  #63 (permalink)
 podowitz 
Atlanta, GA
 
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phantomtrader View Post
I haven't given it much thought after my observations in the free trial. It looks like his initial trades are always before the NYSE open so perhaps he uses some type of GLOBEX support/resistance levels as well. If you take another trial, put the PIvotZonesDailyV42 on your 24 hour chart and see if you can match some of the levels with his trades. Definitely not worth 10 grand - then again if you can tweek it and manage the setup, limit the number of trades - hell, maybe you can develop something out of it. Reverse engineer what he's doing and see if it's worth it.


I uploaded anaDailyPivotsV42 in case you don't have it. I think it was Wizard who wrote the code.

Thanks, Phantom! Grateful for the upload. I'll keep fiddling with it, only because in spite of his flaws, Ace's calls, as I understand them, seem to work for me. I don't like being dependent on another person's calls, tho, so I want to learn or re-engineer what's successful to blend into my own "system," such as it is. Thanks again. I'll let you know if anything meaningful or reliable emerges.

Steve

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  #64 (permalink)
 justtrader 
San Francisco, CA
 
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Thank you both @phantomtrader and @podowitz.

When I attended one day trial his Trading Chart matched my ONE Second chart. However, I do not think he derives his levels from the chart he displays. From what I recall his levels matched some support/resistance levels.

I went back to the February 26, 2015 trading day and noticed that the 2113.25 level kind of matches a resistance level starting on February 24th. Furthermore, the level is congruent with a 23.6 retracement from the high of the overnight activity of the range starting at the prior day's low. The direction appears to be derived from the crossing down of the 2113.25 level and subsequent retest of it just prior to the market open. See figure.

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  #65 (permalink)
 thommytrader 
new york,new york, usa
 
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I was in his room for the first time this a.m.
He did some very correct calls, one reverse seemed slightly unclear, but he did clock some obviously called winners. His levels looked to be floor trader pivots and coincided with almost all the Ana pivots, and those that didn't, were off the day session close pivots.

Although I use pivots everyday, they are combined with a couple of indicators. I would love to learn to trade just the raw pivots. I have been working on a method to do so, with some encouraging results, and would welcome anyone's input or suggestions. This appears to be his method at first glance.

His huckster delivery was mildly entertaining, but I come from the entertainment world, where stars and their ego's took separate limos, so I am used to that.

He was using a 9S (second) Esignal chart in pre, and a 16S Esignal chart after open. I could easily duplicate his chart on Esig, and was surprised I had never looked at S charts before.

I am in for 2 more days and will update .

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  #66 (permalink)
JCHAWAII
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thommytrader View Post
I was in his room for the first time this a.m.
He did some very correct calls, one reverse seemed slightly unclear, but he did clock some obviously called winners. His levels looked to be floor trader pivots and coincided with almost all the Ana pivots, and those that didn't, were off the day session close pivots.

Although I use pivots everyday, they are combined with a couple of indicators. I would love to learn to trade just the raw pivots. I have been working on a method to do so, with some encouraging results, and would welcome anyone's input or suggestions. This appears to be his method at first glance.

His huckster delivery was mildly entertaining, but I come from the entertainment world, where stars and their ego's took separate limos, so I am used to that.

He was using a 9S (second) Esignal chart in pre, and a 16S Esignal chart after open. I could easily duplicate his chart on Esig, and was surprised I had never looked at S charts before.

I am in for 2 more days and will update .

Ace is a real head scratcher. I am also from the entertainment world and his personality is not unusual and wouldn't even be considered extreme,but he sure can be annoying...lol
I have been in his room at least 12 times and it takes awhile to get used to it. It is a sort of throw the noodles up against the wall and see what sticks approach, but I have to give credit where credit is due and he does get his points, not ticks, as he likes to say, on a daily basis. I have tried to figure out what he does using fibs, pivots, etc and they will SOMETIMES work, but he has something else going on. The trouble is that I am not sure, even if you give him the 10 grand that you will actually learn it

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  #67 (permalink)
 thommytrader 
new york,new york, usa
 
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JCHAWAII View Post
Ace is a real head scratcher. I am also from the entertainment world and his personality is not unusual and wouldn't even be considered extreme,but he sure can be annoying...lol
I have been in his room at least 12 times and it takes awhile to get used to it. It is a sort of throw the noodles up against the wall and see what sticks approach, but I have to give credit where credit is due and he does get his points, not ticks, as he likes to say, on a daily basis. I have tried to figure out what he does using fibs, pivots, etc and they will SOMETIMES work, but he has something else going on. The trouble is that I am not sure, even if you give him the 10 grand that you will actually learn it

Very good point!!!

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  #68 (permalink)
 justtrader 
San Francisco, CA
 
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thommytrader View Post
I was in his room for the first time this a.m.

............

He was using a 9S (second) Esignal chart in pre, and a 16S Esignal chart after open. I could easily duplicate his chart on Esig, and was surprised I had never looked at S charts before.

I am in for 2 more days and will update .

Please keep us posted. Last week I received some emails from ACE with his trades and his chart's time frame were not consistent. The only consistency was that they were all second type charts ranging from 1 second to 16 seconds.

I am planning to accept his invitation for another trial down the road.

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  #69 (permalink)
 rocksolid68 
Duluth MN
 
Experience: Intermediate
Platform: NinjaTrader/Sierra Chart
Broker: AMP
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I listened in today for the first time - quite entertaining....LOL

That said he did make his "points".

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  #70 (permalink)
 onget 
singapore
 
Experience: Beginner
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Posts: 1 since Sep 2010
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Attended 3-day free trial. Was sceptical due to members' comments, but Ace trading seems to get the bias for ES correct on the 3 days. May sign up for another trial to observe before further comments.

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  #71 (permalink)
 thommytrader 
new york,new york, usa
 
Experience: Beginner
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...today in pre-market he used yesterday's day session close as resistance for sell side, then took profit at the floor trader day session Daily Pivot....from the open he used the day session Daily Pivot to sell from...and his profit target on that short was the day session S1.....all of which worked.....
the previous day was very similar...

buy/sell at Daily Pivot, or one of the R's or one of the S's or one of the Mids ...depending on where price is...then ride to the next pivot, cover or continue, depending on whether it breaks or fakes...

repeat if it approaches the same price again, but if it fails, take your point loss and reverse, ride to next pivot...etc

He seems to use previous day Hi,Lo,Close as S/R, as well as day session close pivots, ...

This is actually very informative for me, as I have been toying with a program to pretty much do just that, and it is interesting to see someone else doing something pretty close...if in fact I am correct, however, I could be wrong and he has some secret sauce I don't see...

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  #72 (permalink)
 razor99 
Ft Worth
 
Experience: Advanced
Platform: Ninja, TS
Broker: IB, TS, TOS
Trading: ES, CL
 
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Did the 3 days at Acetrade. Wish I had taken better notes. When I first logged in and heard the obnoxious drivel I almost logged out. But I decided to stick it out. From what I can tell, a level is posted prior to market open although it was posted before the "trial'ers" time started, so I'm not sure when it went up. All three days he referred to it as an "opportunity".

The first day price was well below the level but had been to that level a couple of hours before market open. I think he was insinuating that the members had already taken successful shorts there. When it did revisited I took a short and made a quick 3 points. Later he posted another "level" at a slightly lower point and I tried again and was stopped for a point just as he called reverse , so I did and got another point on the reverse (it did actually hit his target of 3 or 4 points to the tick) but I only got 1 point off of the 4 point "opportunity" as I got some serious slippage on the fast move up.

I did make a couple of points all 3 days.

Some general comments:

He will take liberties with his updated levels. At market turns he will draw a blue line often at the high/low AFTER the price has already moved away. When he refers to these levels later he says for example "You should be on Bears at "Around xxxx, close too, but not too far away. Don't worry about a couple of ticks!!" ,then about a half point later he will call "You multi-lotter's, take off half" . In reality you are probably in a couple of ticks worse and he's telling you to scale out for a fraction of a point. WTF? Doesn't jive with his "points not ticks" mantra.

Anyway I am much more interested in his entries which were pretty good over 3 days (even considering a little fuzziness) as well as his market bias (for first market hour anyway) was correct all three days. BTW I think he calls bias after seeing the price reaction at the posted "secret" level.

He does use a fairly tight stop but it isn't as tight as advertised (he advertises .75) unless your entry was perfect (I settled for 2 ticks from perfect for 3 days and made money). BUT he also says the level may be violated by "Floor trader's probe" of up to .75. How can you have a .75 stop and be expect routine .75 violations? More realistically it is a 1.5 stop IMHO.
From his narrative it seems that if the "Floor trader's probe" is a success then he would reverse bias.

Also his whole Member's chat area looks suspicious, from the most cheesy comments you will ever see "Thanks Ace!! I need a wheelbarrow to cart all this money away!!" to the actual names in the chat area that looked like computer generated. All names were formatted the same - Capital Letter then underscore then XXXXX. Example Z_Rob, Z_Tony, Z_Lama and X_Mister D. I pulled those from a list of 20 names I saw in the members area. What are the chances that out of 20 names, 3 of them would have a Zed in it? Combine that with the 100% boot licking comments, it looks suspicious.

Finally, he claims that he teaches you the method, so you don't need the long term sign up. The shortest term though is 3500 for 6 months. So if you cant learn the method in 6 months... I suspect he doesn't do monthly terms because you would "see through him" and be done or learn it and be done.

All that said, I probably will do another 3 day if offered.

greggo

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  #73 (permalink)
 laenxin 
Dallas
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ
 
Posts: 31 since Feb 2014
Thanks: 40 given, 9 received

@fido, @cavedog

I see six positive reviews of members who are paid members of AceTrades, only two of which are current active posters.
Can you share any additional insights?

Do his calculated levels work for other/all markets? I participated one trial day and there was a poster who was claiming he was having success in multiple markets that day.

If his levels are simple and obvious to calculate/apply, is there any need to participate in the room for more than a week or two, unless you enjoy it, or want his confirmation?

Do his calculated levels work throughout the trading day, or are they better for, or only for, the pre-market and early market trading? It seems he has a good grasp of early direction and turning points, but as the market unfolds, his commentary can get hazy and his 'called' levels are more on-the-fly and lest tradable real-time as they can come after the fact.

I prefer to flow with price and scalp trade. I have never been skilled at identifying quality support and resistance that is consistently meaningful to trade from. That is the reason I am curious about his methods. He seems to have some success, but his manner of interacting with the room and the later-in-the-session, less timely 'calls' he offers are of concern to me.

Thank you for any insight.

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  #74 (permalink)
 laenxin 
Dallas
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ
 
Posts: 31 since Feb 2014
Thanks: 40 given, 9 received

It's been over three weeks since I asked about updates from traders with Ace Trades...silence.

I was in his room Thursday and today on a free trial, and he does a reasonable job of identifying areas to trade from, directional bias, and targets when available. It seems he spends time with subscribers before opening the room to guests, likely discussing market expectations, so some of the initial guest commentary may lack initial context. I don't fault him for spending additional time with paid subscribers, if that is the case.

He is quick to promote, answer questions about joining and send YouTube links of prior days. When I asked him in the room for a general discussion about how to manage one contract versus two contracts, it went unanswered, even though there was plenty of dead time for a response.

He told guests to call or email with any questions. I did yesterday, and forwarded the email again this morning, but have not received a response.

The following are the the abbreviated versions of questions I asked. If you have received responses or know the answers, I would be interested in your comments.

1) Why do you not share any personal information, including name, address and other contact details?

2) You mentioned you can learn 90% of your strategy with the introductory materials; what does that mean? You seem to have a grasp of the directional bias and areas of support and resistance. Is that something I can objectively learn relatively quickly as an experienced trader?

3) Is your strategy fundamental to the markets and will it continue to be successful over time as is?

4) You present the results of your strategy as identifying relatively large winners with a few small losers. In order to achieve a smooth equity curve, I would be content to have more consistent modest winners to cover small losses. Do I need the big wins to compensate for many losses?

5) May I speak to a couple of your successful students to hear of their their experience with you and your strategy?

Thank you for any insight you can share.

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  #75 (permalink)
 Greg4hvn 
Atlanta, Georgia/USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures, Options
 
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Posts: 20 since Aug 2013
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I was in this room for 6 months. It looked good on the outside, but once I started learning this system I found the trade calls were very vague and even tricky to follow, borderline shady. Many of them were posted early, 6 - 7 am and if you came in later it was often too late and tough luck. The system relied heavily on really basic ideas. I signed a NDA so i won't go into it, but everyone has probably used trendlines and support/resistance, pivots, etc... so I won't mention what he actually was using, but it was very basic training. His targets were a little unique, I won't give that away, but I did not find them too very accurate. The system took a lot of small stops, some days 4 or 5 with little to show, sometimes just keep selling, selling, sell again. They usually sell the ES, going long was a bit rare. I should add that there are a lot of days where he makes some points, but tracking the calls can be hit or miss, he will take credit even if you thought he was out. Not very accurate on keeping track of what happenned, in order to promote more sales and look good. I don't believe he traded live at all.

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  #76 (permalink)
 Greg4hvn 
Atlanta, Georgia/USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures, Options
 
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jerryjerry View Post
no i have not taken the training yet but i still come to the free sesions that he does .and like i sayed before his calls are amazing ,the only reason i have not taken the one on one training is because i am a member of the gtr trade room and my wife will not let me now and i commited $9000 to it

Jerryjerry, you mentioned in another post you were doing very well with GTR trade room, but it looks like you are checking out ACEtrades, are you still using GTR, and how is it going? What has been the negatives, are the trades working out and easy to follow, learn?

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  #77 (permalink)
 jerryjerry 
GARLAND TEXAS
 
Experience: Intermediate
Platform: ninjatrader
Trading: oil
 
Posts: 19 since Nov 2011
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yes i am still with gtr and yes i do make money every day i am in the room . they call the trades in avance so you will know what they are looking at but they trade many markets and i really dont like running all over the place looking for trades on tf.ym.clude.gold ect. i like to just trade one market at a time i like ace. because in the room all he trades is the es

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  #78 (permalink)
 Greg4hvn 
Atlanta, Georgia/USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures, Options
 
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You better have thick skin with this room as well, or don't say anything stupid or wrong, he can be pretty hard on those who do something wrong or ask a question that he does not want to mess with. I do believe if you have a lot of money it is possible to try to follow his trades and make money, if you are not concerned about a lot of small stops, you could come out ahead here in the long run. Then you ask yourself why does he not trade live himself. I don't even get the impression he, Mr. Kelly, is even sim trading this! Anyone who does not trade his own money on his system, you have to wonder about that.

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  #79 (permalink)
 jerryjerry 
GARLAND TEXAS
 
Experience: Intermediate
Platform: ninjatrader
Trading: oil
 
Posts: 19 since Nov 2011
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Greg4hvn View Post
You better have thick skin with this room as well, or don't say anything stupid or wrong, he can be pretty hard on those who do something wrong or ask a question that he does not want to mess with. I do believe if you have a lot of money it is possible to try to follow his trades and make money, if you are not concerned about a lot of small stops, you could come out ahead here in the long run. Then you ask yourself why does he not trade live himself. I don't even get the impression he, Mr. Kelly, is even sim trading this! Anyone who does not trade his own money on his system, you have to wonder about that.

Greg i dont understand when i am in the trails i make money all the time i enter one tick going down from where he calls the trade on the blue line and when i sell half at one point or sometimes more i always move my stop to break even plus one i never let it stay in negative zone and as the market moves down to the next target that he calls i will then move my stop to where he says to move stop as long as it is in the money i will move stop that is the best way to use the money management of his system , now the gtr room the first day i was in the room i lost $8000 because bob say that it was a bangbang trade at a certain price but but the market had not got there yet but he said that the market was going there anyway so i went in that direction and the market went the other way and never came back and me like a dummy i kept moving my stop down hoping that the market would turn around and come get the bangbang trade but it never did and then i stated to venge trade and i lost $8000 for the day i did not take no more calls for that day just moving my stop down father and father down it was not bobs fault it was mine because i did not go the member area and read all about the set ups that they do if i would have did that i would have known that you only go one tick below or one tick above a bangbang trade and you only use a 6 tick stop no more if it does not go in your favor after 5 ticks of heat it is not going , all a bang bang is a certain price where the market has touched at least two times and have broken though you only go one tick greater than that price when it goes
though by one tick it usually takes off fast in that direction i now have the bangbang indicator which automatically draws the price lines on the chart for you so i can see where they are my self if you have any questions about the gtr room you can private messege me though big mike i will be glad to answer any questions you may have

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  #80 (permalink)
 mak4xtrader 
Los Angeles,California
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures
 
Posts: 6 since Jan 2011
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Hello. My name is Mak and I am learning to daytrade the ES and TF using a few price action methods taught by Al Brooks and Mack from Price Action Trading System. I am looking for traders who are trading price action like them successfully or have there own version of their teachings to help them be profitable on a consistent basis. I have a podcast that I am producing that is focusing on these kind of traders. If you are interested in learning more or would liked to be interviewed about your journey with trading please contact me by privately sending me your number or email.
Thank you.

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  #81 (permalink)
 laenxin 
Dallas
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ
 
Posts: 31 since Feb 2014
Thanks: 40 given, 9 received

@Greg4hvn

Greg,

If you purchased the 6 months package, did you learn it and follow it as is, or did you try to mesh it with other things you thought might be useful from past experiences?

The reason I ask is that it seems his instructions use basic, familiar concepts of identifying certain levels to trade from, then considers certain qualifiers, including the floor traders’ probe, to determine whether to trade from that level. He then suggest to exit half your position to manage the risk to create a free trade situation, while looking to achieve the larger profit target.

The very few days I have participated in a trial, he identified good levels to enter from, and the directional bias correctly. Since I don’t have extended experience with him, I don’t know if that is typical. His trades are clearly from support and resistance, not an indicator-driven pullback or breakout strategy which is often represented by vendors. I can see if someone was still in the indicator mindset, they would have to change their perspective completely to effectively trade as he teaches.

When you reference the need to have a lot of money to be successful, do you mean that a multi-lot trader that scales out as he promotes would fare better than a single-lot trader or an all-in, all-out trader?

Regarding his live student teaching, does he simply reinforce his strategy, over and over? It seems if it is relatively simple with a small learning curve, one could grasp it quickly and just need practice and confirmation that he is properly applying the strategy. When Ace is short with students’ comments and questions, are they asking about things that he teaches, or are they asking about the usefulness of including their own ideas and indicators to what he is teaching? Is he simply strictly teaching his strategy alone, and has no comment or much patience with a student turning it into something else?

How did you determine if he trades his strategy? I never heard him say anything about his personal trading, or show a DOM. If he does trade it, would that change your perspective of his strategy?

Thank you for any insight you can share. I am genuinely interested in your experiences and thoughts. He is certainly a unique character, and how he loudly operates his room is very different from any other I am aware of. I know it is annoying to some, but offering an effective strategy for making money trading would help most overcome the annoyance.

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  #82 (permalink)
 Greg4hvn 
Atlanta, Georgia/USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures, Options
 
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laenxin View Post
@Greg4hvn

Greg,

If you purchased the 6 months package, did you learn it and follow it as is, or did you try to mesh it with other things you thought might be useful from past experiences?

The reason I ask is that it seems his instructions use basic, familiar concepts of identifying certain levels to trade from, then considers certain qualifiers, including the floor traders’ probe, to determine whether to trade from that level. He then suggest to exit half your position to manage the risk to create a free trade situation, while looking to achieve the larger profit target.

The very few days I have participated in a trial, he identified good levels to enter from, and the directional bias correctly. Since I don’t have extended experience with him, I don’t know if that is typical. His trades are clearly from support and resistance, not an indicator-driven pullback or breakout strategy which is often represented by vendors. I can see if someone was still in the indicator mindset, they would have to change their perspective completely to effectively trade as he teaches.

When you reference the need to have a lot of money to be successful, do you mean that a multi-lot trader that scales out as he promotes would fare better than a single-lot trader or an all-in, all-out trader?

Regarding his live student teaching, does he simply reinforce his strategy, over and over? It seems if it is relatively simple with a small learning curve, one could grasp it quickly and just need practice and confirmation that he is properly applying the strategy. When Ace is short with students’ comments and questions, are they asking about things that he teaches, or are they asking about the usefulness of including their own ideas and indicators to what he is teaching? Is he simply strictly teaching his strategy alone, and has no comment or much patience with a student turning it into something else?

How did you determine if he trades his strategy? I never heard him say anything about his personal trading, or show a DOM. If he does trade it, would that change your perspective of his strategy?





Thank you for any insight you can share. I am genuinely interested in your experiences and thoughts. He is certainly a unique character, and how he loudly operates his room is very different from any other I am aware of. I know it is annoying to some, but offering an effective strategy for making money trading would help most overcome the annoyance.


Laenxin -
I will try to cover some of this but you have a lot to respond to, I may not cover everything. Ace says forget indicators, so, that is very clear, I agree with him here. Some indicators help a little but only in certain situations, maybe 60% or so is not uncommon. Ace is about like this, maybe 70% of days he has pretty good calls, but you have to figure out his calls that can be vague or misleading at times. It can be hard to figure if he is in or out, when he said get out, then the price goes back down he rejoices that we are still in, but he said get out! This is what I am talking about. This does not always happen, but when it does I lost confidence that i could really trust the calls. Also, he will often say, " we just have an odd small stop". when I just found four or five stops then he says sell again, it can be hard to keep hammering away at your account unless you have a very large account. If you can hang in there you often can come out ahead, but without any real stats or record, I cannot say for sure. Who can?

Also, there is no indication he is trading this, if it is so awesome, again, no record is kept, why would he not trade it himself??? I was in the room for a number of months and never heard him say anything about being in a trade himself at all.

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  #83 (permalink)
 Greg4hvn 
Atlanta, Georgia/USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Futures, Options
 
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I would like to add that I thought this room was one of the better rooms, in that people are making money in this room. Not everyone, but some really are. He does get the direction right on a regular basis, so I think someone who is prepared for many small stop outs could do well, if you can trade at least 4 contracts at a time. He will say cover halfs, at around 3 or 4 ticks, then he will say, take some profits, so you will need to have another contract for a runner to keep the trade running. Many people are not ready to take a lot of 3 tick stop outs with 4 or more contracts. If you are able to do this you could probably make money with this, but again, no record so I am not real sure. Of all the rooms I have looked into this one seems to make profits a fairly high percentage of days, despite all my reservations. So it is a mixed bag, but I believe better than most, in that most rooms don't regularly make much profit at all. This room is worth checking into, I would advise at least taking a trial if this does not scare you off too much. It can be good for some traders, I believe. Just not for me, until I get a lot more funding. I did learn some good keys to trade in this room that i may use myself at some point, so I don't feel it was a waste of time and money.

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  #84 (permalink)
 estrade 
Austin/TX
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 48 since Jun 2010
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What's the latest on this,, anyone have a negative experience?

I am getting a ton of emails for 15-20 days (does Ace trade an account?)

Best vendor sales ... anybody almost buy but didn't because of something?

Just curious about this one. Thanks. I miss all of the trials,, so I am just checking here.

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  #85 (permalink)
 Tiang 
Singapore
 
Experience: Beginner
Platform: NinjaTrader, MT4
Trading: ES, FX
 
Posts: 5 since Nov 2012
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I recently attended 1 AceTrades traderoom trial session for 1.5 hrs. Agree with most of the red flags posted here by others. Shows a blue line above the then market price, saying it's a resistance, a sell. Later when price moves above the line, say become support, a buy, then price came back down, calling to sell again. Saying should have made many pts, which I don't understand how as he does show any trade, no orders or trade positions on the chart. Some room members say they made few pts.

If I want to spend few thousands $ to learn, I'll pick somewhere else where I could at least see how the trades are executed. I believe most trading platform now have something like a chart-trader where orders & positions are shown on chart.

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  #86 (permalink)
emini2000
Atlanta GA USA
 
 
Posts: 278 since Aug 2013
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Pros: Sitting in a trading room can be quite boring. At least Ace, with his colorful language and carnival barker style keeps things interesting.

Cons: Ace does not trade. And he admits it. He just talks about how great his system is. And that his system works in all markets, and in all time frames. Ace provides no proof of trading success whatsoever. Ace records raw market footage. Then he records a "live" trading session over market footage. Total nonsense. Charlatan.

Ace has no tested indicators or formula, or anything else that will give you a market edge. However, if you watch his hand crafted, after the fact, post market trading video’s, you will clearly see a reoccurring pattern of being able to perfectly call a market top and a market bottom. The level of deceit is admirable and actually quite entertaining. Most of the time, I would just sit and watch the screen recordings with disbelief than anyone with even the most minimal amount of intelligence could not spot the fraud...

Ace Trades Review - Trading Schools.Org

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  #87 (permalink)
 bandtasia 
Grand Junction, Colorado/USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/NinjaTrader
Trading: ES
 
Posts: 11 since Mar 2015
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I was referred to Ace Trades by a friend. I read all the reviews before (and after) enrolling in the course. The reason I signed up is because I like my stops tight and wanted a little help with my entry technique in keeping with my stops.
Here are the facts:
1. If you attended a trial version, you do not have access to the training material as do the paid members. Without it, you might think you’re getting a gist of what is happening, but don’t make the mistake of thinking you know what he’s doing. He clearly states in the trial course that he does not use indicators, Fibonacci numbers (I have for years, and sometimes the fibs line up, sometimes they don’t because he is using different criteria), and a bunch of other stuff he deems useless.
2. Yes, it is very simple – everything not necessary to make money in the markets has been essentially thrown out. Many of us would do well to follow suit.
3. You are expected to study the training material and attend the classes in order to put the material into context. It actually comes together rather quickly and within a week or two one could easily anticipate where the entries and exits are. For those who haven’t been through the course material (and are attending the trial version), the commentary may seem late, but it’s actually supporting what should already have been learned and it flows well in the room for members.
4. Every detail is explained in the course material, and the Keys/principles are repeated, as appropriate, in the daily sessions. Do NOT come to class and ask questions that are answered in the course material – it shows you haven’t done your due diligence, and there’s not much tolerance for it. On point questions for clarification are welcomed, so save your questions for class time. There is a distinction between commentary/trading time and after trading time class. Ace keeps to the task at hand and doesn’t let the conversation get too far away from current market action. If one will be observant and give it a little time, the answers become apparent. It makes us realize where we try to add stuff in (and DON’T bring it to class!). When action is slow between Keys, you will enjoy the camaraderie in the room. Everyone is helpful and respectful, and is freely sharing their results.
5. Stops are very small – targets vary according to market conditions. Recently he called a 35 pt short target (that hit) with a 1 point loss; there are many times when the completed targets far exceed the risks. Position size is covered during the business plan class time. Entries are explained in the course material. The explanations are simple and effective. I think that’s part of the problem people experience – it is so simple that it can be easily dismissed, and they think the question hasn’t been answered.
6. Most of the people who are complaining about Ace Trades haven’t actually taken the course. Traders who have signed up and done their homework, followed along in class, learned and applied, and don’t keep or add a bunch of other stuff in, should become consistently profitable traders in a relatively short period of time.
7. Defining a “short period of time” – some traders work hard up front to learn and within a few days to a week or so are coming off sim and putting on live profitable trades. While I was in the room, a trader who had been in the program for about a month made 81% of his monthly income during that particular morning session. Since, he has been reporting similar consistent profits. The average seems to be a month to six weeks, but this is about the shortest learning curve you’re going to get anywhere. Some have taken up to 6 months to unlearn years of bad habits or techniques – there is no judgement about how long it takes to make the shift to the Ace methodology. But without putting in the time to study, or making a commitment to a consistent morning routine to get into the room, it would be difficult to expect positive or timely results. The room is open daily between 7:30 and about 10:30 EST. There is no pressure to be in the room at 7:30 EST, get in when you can – but be in as early as you can. I aim for 8am EST; I’m on MST. If good trades have been taken and the market is slow, we may wind up a little early – many times we go later. Ace doesn’t try to make trades happen that don’t exist. With that said, each trader has their own internal timeline, and should stay true to themselves when going from sim to live – taking one’s OWN time is stressed by Ace. I’m certainly going at a pace compatible with my other obligations and timeframe, and I’m pretty sure it is slower than most.
8. The Keys keep it simple, and easy to remember. I personally have an index card cheat sheet that helps me follow along – after less than 2 months, it is no longer necessary, and hasn’t really been necessary since the second week. But don’t expect to learn it in a day or two and jump in like some have and then blame the system. It isn’t the system that is broken. No successful trader I know learned to trade in a day.
9. A newbie starting with Ace Trades won’t even know how lucky he/she is to not have to unlearn a bunch of useless stuff, and waste a LOT of time and money finding that out. Without a mentor – good luck! It will be like wandering around in a dry desert seeing water where it doesn’t exist. As a seasoned trader, I find it refreshing; the hardest part is throwing out the stuff I thought was important that wasn’t – and it was keeping me from entering trades. (Too much “good” information)
10. Ace Trades may seem expensive, but it’s a lot less expensive than incompatible trading systems and trial and error losses. Some traders are making up their investment in a week! The 2 top paying jobs in the U.S. are Physician (avg annual salary $165,570) and Dentist (avg annual salary $133,700), and I’m pretty sure they paid more than an Ace Trades subscription price in dollars and time to become successful. With that said, the best trading system in the world isn’t compatible for everyone; if you can’t follow rules or directions, if you need a lot of reassurance in the way of indicators and other stuff on your charts, or you aren’t trading intraday, this is not for you. For those of you who are successfully consistent traders, you may not need or want another system, but if you’re open-minded, you might learn something that could make it easier for you. One good idea is a never-ending gold mine.
11. Since I’ve been in the room from October 28th, 2015, there has not been one losing day. Many “older” members (1+ years) report they’ve never had a losing day.
12. It is abundantly clear that you are responsible for your trade decisions and you have to decide if the market conditions are right for you to take the trade. This is actually easier than it sounds if one studies and follows along/simmed for a period of time. You will also be quick to get out of one that isn’t working – you might have one or two during the session, if any, but most of the trades are for many more points in profit. He does NOT discourage scalping, contrary to one reviewer’s comment, as some market conditions lean more toward scalps, and his tight money management rules make the most of both scalps and intraday swings. If you’d like, I can report my stats in about 6 months – I am a caretaker for family members and I’ve had a recent bout of numerous interruptions. I’ve been simming to learn in between emergencies and trading live on the couple calm days I’ve had. (Up $362.50 on 3 live trades as of 12/22/15 and I’m just getting started). My learning sims have been better than anything I’ve done in the past with any system (including my own), I have doubled my sim account in the last 2 weeks, and am just now returning to live trading.
13. You can use the Ace Trades methods in any markets, at any time. You can trade the entire session if you want on your own after session commentary and class time. Most of the members have made their daily goals shortly after market open, if not before, and go on to enjoy their day. The chat room has definite hours, but if there’s a lot of action, sometimes Ace will keep it open longer. Class is held on Tuesdays and Thursdays after market commentary for members, but almost every day is like a live class. There is a daily review, which cements the Keys in. Not a day has gone by where the Keys have not been central to market action, and for me, the simplifying has gone a long way to making entry decisions painless.
14. Since I’ve been in the room, Ace has provided commentary for the ES, 6E, NQ, CL, GLD, CAD, and others I can’t remember off the top of my head. I am focusing only on ES for now, but he encourages other markets, especially when the ES is slow.
15. For some of you, Ace may come across as loud, arrogant, boastful, intolerant, egotistical, etc., etc., but to know him is to love him. He is also kind, encouraging, delivers more than expected, and shares bits about himself as appropriate, so you get a sense of who he is. To those who would take offense or judge, I would just say, don’t let the messenger get in the way of the message. If you’re serious about learning a simple and powerful trading method, stay on point with your learning, and don’t let your opinion of his personality and delivery get in the way of your making money.
16. Bottom line, the Ace Trades System works – really well.

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  #88 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 736 received

Yes Ace gets very excited and raises his voice....but wouldn't you when you make 5 ES points day in day out and then 10 points and then 20

Then you compound your account and do the same but with 3 to 5 contracts.

Ace does call the market and levels using his 9 Keys and to be honest who cares about his account size? Who cares about his fill price? Ace always tells the students and free trial members not to worry about a tick or 2.

Personally for me this helps a lot because I don’t have to be perfect. Ace is sharing his method and he demonstrates off the charts every single day …Yes every single day how in fact the keys unfold. This helps me a lot. In the end I’m going to be watching my own platform and that’s all that matters. Ace Teaches right from the beginning how to rely on our own charts not anyone else’s…. he sure does do a fantastic job at demonstrating the keys time after time.

What i have seen in the room during the trial period that everyone is making points and not ticks. The members are willing to share their experience.

As far as the videos go that you say Ace posts? I would suggest going to one of his live three day trials. I am sure you will change your tune after you do that.

He calls the levels and then calls the target well in advance and yet again he uses his Keys to predict measured market moves and he also taught the Floor trader probe.

What i can say as the saying goes "Buy Low and Sell High" and yet 90 percent retail traders Sell low and Buy high and get stopped out.

But there is a method that ACE teaches how to buy Low and how to Sell High..This is a real eye opener and yes works with all markets and time frames...

Give ACE 3 days and he will show you his method for free and who knows 2016 could be the year that changes your trading goals for better.

Sharmas

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  #89 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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Posts: 367 since May 2011
Thanks: 110 given, 634 received

He doesn't give free trials any more. I wonder why??

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  #90 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 736 received

I requested the trial and this is what i got

Thank you for registering Saten!

We hold live webinars on a monthly basis, stay tuned for your invited to our next 3 day live webinar.

Check out what all the hype is about at acetrades.com

Happy Trading
Ace Trades


Register via the website and you may get an invite to join ACE when he runs the next session..Best email them to find out.

Sharmas




phantomtrader View Post
He doesn't give free trials any more. I wonder why??


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  #91 (permalink)
 aircal 
Keller, TX USA
 
Experience: Intermediate
Platform: Tradestation, NinjaTrader
Trading: YM, ES, CL
 
Posts: 42 since Sep 2010
Thanks: 1 given, 38 received

There is a free trial going on now.

I tried to watch yesterday, but had to mute it

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  #92 (permalink)
 Forexoil 
Bangkok thailand
 
Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Trading: Es forex
 
Posts: 116 since Jan 2015
Thanks: 128 given, 64 received


sharmas View Post
Yes Ace gets very excited and raises his voice....but wouldn't you when you make 5 ES points day in day out and then 10 points and then 20

Then you compound your account and do the same but with 3 to 5 contracts.

Ace does call the market and levels using his 9 Keys and to be honest who cares about his account size? Who cares about his fill price? Ace always tells the students and free trial members not to worry about a tick or 2.

Personally for me this helps a lot because I don’t have to be perfect. Ace is sharing his method and he demonstrates off the charts every single day …Yes every single day how in fact the keys unfold. This helps me a lot. In the end I’m going to be watching my own platform and that’s all that matters. Ace Teaches right from the beginning how to rely on our own charts not anyone else’s…. he sure does do a fantastic job at demonstrating the keys time after time.

What i have seen in the room during the trial period that everyone is making points and not ticks. The members are willing to share their experience.

As far as the videos go that you say Ace posts? I would suggest going to one of his live three day trials. I am sure you will change your tune after you do that.

He calls the levels and then calls the target well in advance and yet again he uses his Keys to predict measured market moves and he also taught the Floor trader probe.

What i can say as the saying goes "Buy Low and Sell High" and yet 90 percent retail traders Sell low and Buy high and get stopped out.

But there is a method that ACE teaches how to buy Low and how to Sell High..This is a real eye opener and yes works with all markets and time frames...

Give ACE 3 days and he will show you his method for free and who knows 2016 could be the year that changes your trading goals for better.

Sharmas

HI SHARMAS
is acetrades now called kongzana?

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  #93 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 736 received

ACE and Kongzana are different

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  #94 (permalink)
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym, dax
 
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Posts: 131 since May 2011
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I copied some portions of a review from tradingschools.org. You can read the whole detail review at Ace Trades Review - Trading Schools.Org

My question remains: If ACE can teach you his method in less than six months, then why you need to spend close to $10,000 for life time room membership?

Here is tradingschools.org’s summary:
“Ace does not trade. And he admits it. He just talks about how great his system is. And that his system works in all markets, and in all time frames. Ace provides no proof of trading success whatsoever. Ace records raw market footage. Then he records a "live" trading session over market footage. Total nonsense. Charlatan.”

... and some details …
“The Ace Trades trading room offers three items for sale. A “Gold” package that costs $3,500, a Platinum package that costs $5,500, and a Diamond package that costs $9,800. All three packages include the same set of special Ace Indicators. The only difference between the three packages is the allotted amount of time that is included with the Ace Trading Room. The gold package includes 6 months, platinum includes one year, and the diamond includes lifetime access.”

“In all honesty, there is no sense to this man, he reminds me of an out of control sportscaster. One minute he is professing how the “The Bulls are Charging! I told you!” and then the next moment, “TAKE HALF OFF, and NOW YOU NEED TO REVERSE!!!”. It was borderline insane and out of control commentary. But the more and more I listened to Ace, and as the days progressed, I began to see the genius of the marketing. And the truth about this whole Ace Trading marketing scheme is that Ace has learned that excitement is contagious, and excitement sells. And who can deny that most people that attend a trading room are looking for fun and excitement, unfortunately this is not how money is made.”

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  #95 (permalink)
 podowitz 
Atlanta, GA
 
Experience: Beginner
Platform: Ninja Trader
Trading: es
 
Posts: 54 since Feb 2012
Thanks: 42 given, 19 received


Forexoil View Post
HI SHARMAS
is acetrades now called kongzana?

Thanks, forexoil, for your post. My experience with Ace, like yours, is that in his trial sessions, he does seem to call levels somewhat accurately, and at the end of the day, he's made points, not ticks. He does not, however, teach his "method" in the trial days; to learn it, you have to fork over at least $3,500 upfront on the promise that you'll learn the protocols/keys, etc. He calls out the keys during the trial trading session, but unless you've taken the class you don't really know what he's talking about. How he sets his opening bias, how he picks and changes his levels -- that all comes after you've paid the freight. Interestingly, most who have taken the "course" say that you actually learn the methodology in the first month or so, maybe less, and the rest is daily practice under his supposedly watchful eye. So the actual learning, which I'm told is accomplished largely on videos, amounts about $3500 for a month of real info. When the six months is up, you can pay for the room monthly for about the same $300-350 or so that many other rooms charge.

That's ok; lots of guys charge for their courses and methods. It is a little misleading to suggest that you can learn the methodology from watching the trial days; he gives away virtually nothing (except maybe the trader's probe thing, which is relatively new to the trial room). And the "members" in the "room" really just do a lot of rah-rah and are nearly religious in the fervor of their thank you's -- not any real conversation about their experience. To the wary, it may almost sound staged. Then again, I'd be pretty rah-rah with what appear to be consistently strong results. I just wish Ace would be a little more traditional: show us his DOM, his actual trades, his account summaries, a week of real room experience instead of a demonstration -- all the stuff that other guys do to lend credibility.

Moreover, don't make the mistake of thinking that the trial is a live call room. You can't really follow his trades however much he shouts long and shorts and continuations and rings bells and plays music and all that entertainment. It's really not a trading room, but a demonstration. So if that's what turns you on, and you believe the promise of a highly staged bucket of salesmanship, go for it. Like any system, it probably works for a lot of people. For me, I'm way undercapitalized anyway, and while education in trading is critical, I'm just not $3,500 ready. I really don't think Ace is dishonest. I wish he just didn't seem so.

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  #96 (permalink)
 Forexoil 
Bangkok thailand
 
Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Trading: Es forex
 
Posts: 116 since Jan 2015
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podowitz View Post
Thanks, forexoil, for your post. My experience with Ace, like yours, is that o.

That wasn't me. I have no idea about ace and was only wondering about any relationship between Ace and Kongzana - due to Sharmas' recent and similarly positive review of both rooms..

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  #97 (permalink)
 jerryjerry 
GARLAND TEXAS
 
Experience: Intermediate
Platform: ninjatrader
Trading: oil
 
Posts: 19 since Nov 2011
Thanks: 0 given, 29 received

i see all this talk about ace and guess what all of you that are talking smack have never even been in for a trail so how can you say this or that about ace i am not a member but i have been in the trade room about six times and every time that is have been in the room i have made money just by taking a trade from the blue line now i do use a volume ladder from nijnatraders so i allways take a trade from the line when the volume ladder is in my favor and allso when the price has moved one tick in my direction and i have never been stoped out with this method before it went to the one point or the take half profit which ace calls i have not took the course only been in the trails, my business will not let me have the time to trade full time , if i could i would take the course. so if you want to talk about ace take the trail first and then talk what you have experienced first hand

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  #98 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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cory View Post
No need to discuss further any of names mentioned in this thread just more time wasting. But it reminds me kf gave out his methods in the name of G. in order to reel in some last 'believers', after losing all their money there was news of his sudden death, the end. ...

this just in, he's back and he just said "give him another chance...he asks for forgiveness".

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  #99 (permalink)
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym, dax
 
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Posts: 131 since May 2011
Thanks: 73 given, 144 received

Corey, my apologies, but I am totally lost about the quote and you comment. Do you mind clarifying for me?

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  #100 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,046 since Jun 2009
Thanks: 857 given, 7,918 received


justtrader View Post
Corey, my apologies, but I am totally lost about the quote and you comment. Do you mind clarifying for me?

the way the quote works is to click the white triangle next to the quote name to back track to the prior quote then read all surrounding posts to understand context of that post. This is the primary function of why using the quote.

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