Reminds me of this brithish guy who wanted to sell me the magical grid , a cheesy software displaying moving averages and fib levels for 5k and an additional 200 USD monthly for an fx data feed. Last time I checked, I can have any of the above for FREE through Metatrader .
The $295 webinar is a live 3-4 hour trading session to look at his charts and ask questions and to see if my methods are of interest.
Do not think 3-4 hour trading presentation will turn you into a very profitable trader, I am not interested in sharing my methods with the entire trading world....only with a few committed, trustworthy and sincerely committed traders
Thanks to frank for this which he got in email...LOL
I know this guy. He is legit. Thursday, after the market in his blog, he called for a top in ES. Friday the drop came. He is secretive and protective of his method and only gets involved with people he believes he can trust fully. He charges a high price to deter "trading fools and time wasters", his words not mine.
The following user says Thank You to TI Anon for this post:
The ES was holding about 30,000 contracts SHORT as the ES traded the 1299's......no $37,000 program needed to SEE that (and sell into that very good Delta Divergence short set up!).
Inv RT Pro ($60/month) and DTN.IQ feed will let you SEE all there is in order flow to see!
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Yet at such a high price, it will impress enough users that it must be really good to be that costly and he'll get a few orders for less work than trying to grab a few hundred support-needy users at $299.
I don't know..
I just browsed elitetrade just now for the first time in quite awhile.
I really believe trading attracts many people who are straight up mentally ill.
It is not impossible at all this guy really thinks his stuff is worth $37k.
There's a sucker born every minute. All he needs is a couple of them, and he is making a decent living. Sure beats trading for a living. He is bold, gotta give him that
there are in fact suckers born every minute, even very educated people can be suckers... madoff anyone? in any event... he is not the first nor the last... he will get more than just a few subscribers.. people out there are willing to pay $16K for nexgen t3 fibs, and thousands a year for software like eotpro, bwt, etc. because it sells them the dream...
as I write this, I think of day trading as the new gold rush of the 1840's and early 1900's... and the new addiction of the masses...
I was very interested in seeing his system work. I had communicated with the guy, Mike DeWoskin who runs orderflowpro.com. I was very skeptical of anyone charging $37,000 for a system. Mike convinced me to first pay $295.00 for a morning webinar to watch the system work in live trading. Well, I am so releived that I only paid $295.00 and not had bought the system for $37,000.
Basically, during the webinar he did not trade the system. He only pointed out what he claims as "gauranteed" trades after the fact. In other words, he cherry picked trades in hindsight. Anyone can look at a chart and pick out a trade setup after the fact and only pick the ones that would have worked.
When I asked for references and his trading statements, he was unable to provide me with anything. The only thing he could provide is his claim that the system works.
There you have it. An actual experience.
The following 5 users say Thank You to jeffman for this post:
I received an email today from Mike at Orderflowpro.com. The email came to me after my original post on futures.io (formerly BMT) earlier today. He now has committed to doing another Webinar on Monday. This time, he stated he will place trades live, using his system while I observe. I will report back and post here Monday after the webinar.
In my opinion, if his method/systems does what he has advertised, the $37,000 fee would be worth it to me. Obviously, if it is not what it's represented to be, then it's not worth anything to me.
you do realize that "live" trades can be done in demo account where execution conditions are nothing like with real money. placing a live trade, does not always equate to trading with actual money. Rockwell is a great example, all their "live" trades are actually on accounts that are not really using live money, and the times he does uses real money, he gets in an out quick with 1 contract, not risking much money at all...
if you are so desperate to find a working method.. look at osoktrading.com, I have seen him trade with actul real money... not hiding behind the CFTC rules, etc...
IMO, $37K for a "system" is just plain silly... I rather pay $37K and get a master's degree on Financial Engineering then get hired by a financial firm as an analyst and work my way up.. if I had the $37K to waste like that, I guess my account would have to be easily over $1MM for me not to worry about paying that kind of tuition to someone who might not even be a real trader.. I mean, I would want to not only see his trading account, but also speak to his/her accountant and understand his trading structure(LLC) whose absence would be to me a dead give away of the person being a scam) and personally, I would even do a background check (which is not all tht hard now-a-days)..
it is one thing spending $1K-$2K on others people understanding of the markets, aka training from FulcrumTrader, FuturesTrader71, Dalton, or anyone else like them, and it is a completely different thing spending $37K on someones understanding and supposed edge without knowing without the smallest doubt that he/she is actually trading successfully...
most real traders, wont even want to show you a P&L or even waste their time unless they have a need to "give back" because someone else gave them a chance and they feel obligated to do the same... most scam artists will talk a good game and protect themselves with CFTC rules.. and good luck seeing their tax returns/account history/verify their credentials, etc...
anyhow.. your money... or anyone else's willing to spend $37K on the doods system...
Just called out the second trade LIVE in the skype room, was a scalp for 5 ticks (not 4 as I tought previsously :-) so 3 cars, that was on the 6e, so 15 ticks profit.
There you have it, as promised I only called 2 trades, both of them winners, 100%
What would really be great MetalTrader is if we could get some understanding of the tools you use, how you set up your charts and what constitutes a trade setup. Guess that's asking an awful lot but....
Your trades may have had a positive expectancy, but claiming that they will 100% winners is a bit exaggerated. I think that a certain modesty is one of the prerequisites for success as a trader. Those who are 100% sure of what they are doing, will blow their accounts sooner than later, as they are not prepared for the loss that will inevitably show up.
There are no 100% trades. Success depends on your edge, discipline and money management.
But I'm close to 8 or 9 positive out of 10 trades. If I'm really only taking the really conservatives ones, I'm very close to more than 9 winners on 10.
Loosing days is because I mess it up psychologically. But I'm very much improved on that part in the last months. I read Mark Douglas once a month.
I made that claim and demonstrated it is possible because I wanted to show that there is no need to pay $37.000 to see a trader make extremely good trades. Unfortunately a few on bigmike trading forum wants to make fun out of my hard work and achievements, I hope they stand up, be a man, and do the same as I did.
they wont do what you did... which was an excellent way to demonstrate that $37K is a fools bet to watch someone with no reputable credentials trade...
it is easy to post and sound very knowledgeable to massage their own egos while not having to expose themselves to any ridicule if they crack under the pressure of their trades being watched..
If you can produce 7 winners for 3 losers with a R-Multiple of 1 in a consistent way, that is all you need to double your account. The key is discipline and money management (position sizing).
I do not think that anybody here needs to stand up and be a man. That is a bit of macho behavior. Not everybody is exhibitionist and wants to share or call all of her or his trades. If I make money, why do I need to prove it to anybody? I am not selling anything, after all. My method will not work for you and your method will certainly not work for me, which does not discredit either of them.
The following 3 users say Thank You to Fat Tails for this post:
Oh I agree but it wasn't you who insinuated that what I did was not at all special, unfortunatly I never saw that person produce any profitable live trades like I did. I don't mind comments or critical posts, but do the same, show it like I did and then talk again. I hope that is the least I can ask in my defense.
look, i created a profitable trading style, it was the hardest thing i did in life and it has costed me extremely lots of money and effort. I even proved it by performing the above for free here, I think laughing it away was improper and disrespectfull. Especially from somebody who never did the same like I did.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,733 since Jun 2009
Thanks: 32,283 given,
97,466
received
Metal give it a rest please
You claimed to have the holy grail. You said you called two trades, offering this as proof of your holy grail. Please get off the drugs if you don't find this incredibly funny. Or maybe take some more
.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
