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

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)
USA
 
 
Posts: 8 since Jul 2009
Thanks: 6 given, 2 received


I've seen it around. Is it worth getting?

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  #4 (permalink)
Site Sponsor

Web: Jigsaw Trading
AMA: Ask Me Anything
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Jigsaw Trading's Avatar
 
Posts: 2,977 since Nov 2010
Thanks: 823 given, 10,299 received

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

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)
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
Thanks: 512 given, 158 received


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)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 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!

What are the recommended ergotic settings?

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