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Futures trading course feedback course (www.futurestradingsecrets.com)


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Futures trading course feedback course (www.futurestradingsecrets.com)

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  #1 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
Platform: Ninja
Trading: Futures
 
Posts: 19 since Feb 2011
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Would any body be interested in learning more about "futures trading secrets" course which i have bought 2 years ago.......please let me know...

http://futurestradingsecrets.com/

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  #3 (permalink)
pippinaintez
USA
 
 
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I've seen it around. Is it worth getting?

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  #4 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
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Looks like a typical scam site to me. The way that page is written is your typican internet sales pitch.

The big give away is this

"We show you how and why we picked a unique set of indicators to give you up to and 80% accurate signals. We estimate we tested over 200,000 combinations to get these settings"

but other things give the game away
- the mention of having 'secrets'
- discussion of returns without discussing drawdowns or capital employed
- the offer of not having to commit much time to the market - just 90 mins a day
- the offer of a simple solution
- "How to calculate tomorrow's Highs and Lows in any market."

This is just the typical stuff used to suck in newbies. I think anyone considering this should look at FT71s stuff so they can see a really succesful futures trader and get an idea as to how much work is involved in getting there.

gotta love his resume though

"I was a Fast Attack Nuclear Submarine Officer, built and managed the world's largest astronomical observatory in Hawaii, developed a $500 million sales organization, started and ran my own Venture Capital Fund, and owned 11 businesses before I got into trading"

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  #5 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
Platform: Ninja
Trading: Futures
 
Posts: 19 since Feb 2011
Thanks: 5 given, 14 received

i have the course and some samples of the recorded "live trading examples" (i don't think they were live trades)....

please let me know if you need them.....

thanks
Hany

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  #6 (permalink)
 SeeTrader 
Missouri
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP
Trading: ES
 
Posts: 77 since Apr 2010
Thanks: 169 given, 34 received

I purchased this "system" a year ago. I couldn't get it to work. I was a sucker.

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  #7 (permalink)
 dh004110 
Aurora, canada
 
Experience: Beginner
Platform: Ninja
Trading: Futures
 
Posts: 19 since Feb 2011
Thanks: 5 given, 14 received

i also bought it and couldn't use it at all, all the examples are on sim account using Ensign Software platform which you could manipulate 100% to achieve the required result....bottom line is that i would never recommend it to any body.....just waste of time and money....

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  #8 (permalink)
 papa15 
Wake Forest, NC
 
Experience: Intermediate
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
 
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Posts: 527 since Sep 2009
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I bought this system in 2006 and tried to use it on the ES. I could not get it to work either. I made a bunch of mistakes with it: went from practice trading to real money trading much to quickly, had no real idea what I was doing and thus lost a lot of money. The system as presented is designed primarily for use on Ensign Charts, which I used. The screen is extremely crowded with indicators of multiple colors. Quite honestly, there is so much eye candy on the screen, it is nearly impossible to see and act on price action. I also want to say the instruction manual is poorly written and organized. It is a difficult read. It could be cut by a factor of 10 and be much clearer and helpful.

When I noticed Beth using ergodics on her thread (Beth's Journey to Her Millions), I started thinking about this system. After the break for my uncle's funeral, I wondered if I could set up the system's ergodics on both Sierra Chart and Ninja Trader. The answer is yes, both of these charting packages will display the ergodics the way the system calls for it (basically two ergodics plotted, one 4x the other, on the same panel. You also use 2 charts, one about 4x the other).

I tried it on sim Thursday and Friday. I was pleasantly surprised at the results as they were very positive. I used a 233 tick chart and a 610 tick chart. Friday, I was 10 for 11 between 9am and noon. I want to stress, I was not using the complete system from Futures Trading Secrets. I chose just the ergodics, and I did use the parameters the author suggested. His material is copy-written, so I don't feel comfortable giving away the actual parameters (I would only do that if Big Mike said it was ok). I don't fully understand the logic behind the ergodics but supposedly they produce both a momentum oscillator and a trend detection. My guidelines were simply:

1. Trade in the direction of the Long Term Ergodic (it is the intermediate trend after the long term trend on the EMAs).
2. When both ergodics are above the zero line, trade only long; trade only short when the ergodics are below the zero line.
3. Enter when the ST ergodic crosses its signal line and its slope goes in the same direction as the LT ergodic.

I plan on continuing the sim trading to see how consistent I can be with this.

Papa15

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  #9 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
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papa15 View Post
I bought this system in 2006 and tried to use it on the ES. I could not get it to work either. I made a bunch of mistakes with it: went from practice trading to real money trading much to quickly, had no real idea what I was doing and thus lost a lot of money. The system as presented is designed primarily for use on Ensign Charts, which I used. The screen is extremely crowded with indicators of multiple colors. Quite honestly, there is so much eye candy on the screen, it is nearly impossible to see and act on price action. I also want to say the instruction manual is poorly written and organized. It is a difficult read. It could be cut by a factor of 10 and be much clearer and helpful.

When I noticed Beth using ergodics on her thread (Beth's Journey to Her Millions), I started thinking about this system. After the break for my uncle's funeral, I wondered if I could set up the system's ergodics on both Sierra Chart and Ninja Trader. The answer is yes, both of these charting packages will display the ergodics the way the system calls for it (basically two ergodics plotted, one 4x the other, on the same panel. You also use 2 charts, one about 4x the other).

I tried it on sim Thursday and Friday. I was pleasantly surprised at the results as they were very positive. I used a 233 tick chart and a 610 tick chart. Friday, I was 10 for 11 between 9am and noon. I want to stress, I was not using the complete system from Futures Trading Secrets. I chose just the ergodics, and I did use the parameters the author suggested. His material is copy-written, so I don't feel comfortable giving away the actual parameters (I would only do that if Big Mike said it was ok). I don't fully understand the logic behind the ergodics but supposedly they produce both a momentum oscillator and a trend detection. My guidelines were simply:

1. Trade in the direction of the Long Term Ergodic (it is the intermediate trend after the long term trend on the EMAs).
2. When both ergodics are above the zero line, trade only long; trade only short when the ergodics are below the zero line.
3. Enter when the ST ergodic crosses its signal line and its slope goes in the same direction as the LT ergodic.

I plan on continuing the sim trading to see how consistent I can be with this.

Papa15

Nice, what instrument is this?

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  #10 (permalink)
Tundi
Fullerton, CA
 
 
Posts: 201 since Dec 2010
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dh004110 View Post
Would any body be interested in learning more about "futures trading secrets" course which i have bought 2 years ago.......please let me know...

Futures Trading Secrets Trading Course - Strategies and techniques that will make you money!

What are the recommended ergotic settings?

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  #11 (permalink)
 papa15 
Wake Forest, NC
 
Experience: Intermediate
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
 
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omaha786 View Post
Nice, what instrument is this?

Sorry, I should have stated it earlier....it was CL. I used a 8 tick target and based the stop on the previous swing high/low.
Papa15

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  #12 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
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I have seen the course.

Anyone that has attempted to use oscillators will see the issue with what is discussed on the course. In particular is the way they point to the high of an oscillator and call it an entry point.

Oscillators throw many fake highs intra-bar and if you wait until the close of the bar, you will have missed the first part of the move. The videos point to the swing high and swing lows as if these could possibly be entry points.

An oscillator will turn down when price turns down. The delay generally depends on the lookback period of the oscillator but it WILL occur after the turn. This is the nature of oscillators. The videos discuss hindsight analysis of the market with no discussion on how to analyse in real time.

Like I say - anyone that has experience in oscillators will see the problem from watching the videos. For people without this, it will look very clear until they start in real time at which point the system will be as good as random entry.

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  #13 (permalink)
 papa15 
Wake Forest, NC
 
Experience: Intermediate
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
 
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Posts: 527 since Sep 2009
Thanks: 583 given, 1,245 received


DionysusToast View Post
I have seen the course.

Anyone that has attempted to use oscillators will see the issue with what is discussed on the course. In particular is the way they point to the high of an oscillator and call it an entry point.

Oscillators throw many fake highs intra-bar and if you wait until the close of the bar, you will have missed the first part of the move. The videos point to the swing high and swing lows as if these could possibly be entry points.

An oscillator will turn down when price turns down. The delay generally depends on the lookback period of the oscillator but it WILL occur after the turn. This is the nature of oscillators. The videos discuss hindsight analysis of the market with no discussion on how to analyse in real time.

Like I say - anyone that has experience in oscillators will see the problem from watching the videos. For people without this, it will look very clear until they start in real time at which point the system will be as good as random entry.

I don't disagree with anything you said. I have had major problems trading this system in the past. I have only sim traded it the last 2 days, and I would not draw any real conclusions from that small a sample. I will say I am not trading per the course directions. I have not watched the videos in several years and don't plan on watching them anytime soon....I don't like how the course book is written or presented in video.....but as in most things I have looked at, I see how I can use what is there to fit my style of trading. I will say that going with the trend as called for by the long term ergodic yesterday had me taking trades my previous efforts would either have passed by or had me going the other way and these trades came out winners where before I would have been down.

Anyway, I am not recommending this to anyone nor promoting it in anyway....I am just stating exactly what I did and why I did it.
Papa15

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  #14 (permalink)
 Bramhall17 
Manchester UK
 
Experience: Intermediate
Platform: NinjaTrader 7
Trading: ES NQ + Weekly Options
 
Posts: 25 since Nov 2010
Thanks: 22 given, 12 received

When I was in my' buying anything in sight' phase I bought this course- several years ago now. However, I found Ensign software to have too much latency to the UK at that time and like you I found some of the FTS fib derived indicators confusing as they often IMO just kept shunting from what looked like a settled turn.

However, similar to yourself, I did like the Ergodic indicators and in fact use versions of them to this day that I ported into TS and then I/RT. I also like the divergence type plays he advocates. In fact to be fair to Bill he does stand behind his product and whenever I had a question ,even a couple of years afterwards, he was always helpful and constructive. Out of all the courses I bought I am still using some elements & concepts from FTS so ultimately I did derive full value from my purchase. He is very much an ES trader on a fast time-frame with a longer term anchor chart ( circa x3) and whilst I like to day-trade, I personally am not quick witted enough to cope consistently with the combination of fast time-frames with a fast volatile market like the pit session ES . TBH this probably says much more about my weaknesses than FTS. HTH

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 kignkenny 
LA, CA, USA
 
Experience: Advanced
Platform: MultiCharts
Trading: S&P
 
Posts: 12 since Sep 2010
Thanks: 6 given, 35 received


dh004110 View Post
Would any body be interested in learning more about "futures trading secrets" course which i have bought 2 years ago.......please let me know...

Futures Trading Secrets Trading Course - Strategies and techniques that will make you money!

Yes I would love to know, please share experience

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