Has anyone ever heard of Felton Trading? (www.feltontrading.com) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Has anyone ever heard of Felton Trading? (www.feltontrading.com)
Updated: Views / Replies:88,114 / 395
Created: by sp139214 Attachments:23

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 23  
 
Thread Tools Search this Thread
 

Has anyone ever heard of Felton Trading? (www.feltontrading.com)

  #371 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,621 since Nov 2010
Thanks: 767 given, 8,470 received
Forum Reputation: Legendary


acbrasil View Post
Actually if you sell indicators, back and forward tests are good. Anything that actually claims to actually enhance performace should be able to show it.

Just my 2cents.

Wouldn't be much point in that, really would there?

I'm of the opinion that indicators are of little use hence my earlier comments

"people still put their faith in mathematical derivatives of price as opposed to understanding market dynamics."

I do agree though - if you sell pretty red & green lights, you should show how well they work - trouble is you would then sell zero pretty red & green lights.

Reply With Quote
 
  #372 (permalink)
Elite Member
Dublin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, Currency Futures, DAX
 
Posts: 8 since Jan 2011
Thanks: 0 given, 5 received

Roger Felton is a crook

I was a student of Roger and I noticed that there an infinite number of permutations and combinations of the indicators with no specific rules. Effectively the novice has to find a combination that works from a myriad of indicators. I asked him how on earth he expects students to know which combinations will work. You would have thought as the developer he would have at least specific settings that he can spell out. He use the tactic that there will student training as if there is something special that he will teach students only. I attended most of them and they are full of generalities and not even worth the amount he charges. I also noted that some of the students posting results in the room and they are quite suspect as they never seem to post any losers and given his systems too many signals its hard to believe the results. I have spent a lot of money on crap but Roger's would be the worst money I have ever spent on a trading system. Some of the Signals are Bottle Rockets , Supreme Momentum , SA (Trendline Break ) , Divergences . How on earth does a student know which one . Save your money do not buy this crap.

Reply With Quote
 
  #373 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 425 given, 1,125 received



wedzistar View Post
I was a student of Roger and I noticed that there an infinite number of permutations and combinations of the indicators with no specific rules. Effectively the novice has to find a combination that works from a myriad of indicators. I asked him how on earth he expects students to know which combinations will work. You would have thought as the developer he would have at least specific settings that he can spell out. He use the tactic that there will student training as if there is something special that he will teach students only. I attended most of them and they are full of generalities and not even worth the amount he charges. I also noted that some of the students posting results in the room and they are quite suspect as they never seem to post any losers and given his systems too many signals its hard to believe the results. I have spent a lot of money on crap but Roger's would be the worst money I have ever spent on a trading system. Some of the Signals are Bottle Rockets , Supreme Momentum , SA (Trendline Break ) , Divergences . How on earth does a student know which one . Save your money do not buy this crap.

Wow, 3rd post and it is such a libelous one! For the record I am not a student or member of Felton Trading, nor have I been. I have been in their trading room a few times as a guest and observed the processes. I also have a personal friend who is a member and is doing quite well with the tools that Felton trading provides. My friend was a somewhat decent trader (imo) before felton and he has become a more consistent trader and has been increasing his account and trading size since joining just over a year ago.

It is a lot of money for the Felton system/course and trade room so it is a substantial investment to be sure. I understand now that they offer a free trial of most of their software so something they did not offer before. It sounds like your expectations were for a green light / red light type of trading system with all the perfect settings to turn your PC into an ATM machine. I do know as do most others that everyone trades differently thus a good trade system to me mostly likely would be poor one to you as it all depends so much on our capital and trading risk style. So if Roger, or anyone for that matter, said to you here are the setting to be successful and you could see that they were successful with them and you weren't, would it be because of the settings or your execution? So hopefully you understand that settings are one thing, trade execution with you as the button pusher is another!

That said I have observed on numerous occasions when in the room where Rodger or someone else is doing live trading (by this I mean not market replay but live data. I honestly do not know if they are using real money accounts) and dynamically explaining their entry/exit decisions most of the time well ahead of the event. I also see that they post their daily trading records and I see that some days they do show loses. You can track back their daily trade win/loss on their website. Obviously they are more successful overall. Could you not have traded with them, regardless of settings? I think that is what they encourage new traders to do.

I was a little suprised about what you wrote about the settings as again the few times i've been in Roger and the others do not hesitate to show their settings (when asked) and freely share their chart templates. Roger and the other room moderators, they have different tweaks and settings according to their own trading style and again they tell you that as well as tease each other about their trading styles.

I've done my research on Roger felton (you can find plenty of posts here by him and about him as well as other forums) and I see he has been an indicator nut from day 1 and has shared his indicators (in the early days) freely (dang it!), so I am not suprised that he has a great many indicators and has exposed all types of settings to tweak them. From my research I see he was big on Divergence type trading and that is what he is probably most comfortable with whereas others in his room don't use the divergence signals. I note that Felton recently implemented an impressive Elliot wave indicator with the bar types he uses and some people use the indicator and others do not. Again it is a matter of finding what resonates with you.

As far as their trading, they close their room on Fridays to students only for training purposes, did you ever attend any of those? My friend tells me that that is where they will focus on the various indicators/methods they use (Hearsay since I haven't seen this) and answer very specifically the questions asked. My friend also told me that he an Roger spent time 1 on 1 together to get up and running as well as go through the various trades that Roger had made in the preceding days. Did you spend any time talking directly to Roger at all?

I realize this all might sound strange coming from someone who is not a student but to be honest when you wrote with such venom I really felt it was unfair based on what i have seen and heard. I'm sorry that you had such a bad experience. If you really did pay for Felton Trading then you are a lifetime member so I would suggest you go back and spend more time with Roger and simply follow his live trading until you are comfortable with what of his indicators resonates with you.

Regards,

"Money is better than poverty, if only for financial reasons." - Woody Allen
Reply With Quote
 
  #374 (permalink)
Elite Member
Dublin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, Currency Futures, DAX
 
Posts: 8 since Jan 2011
Thanks: 0 given, 5 received


monpere View Post
Bottom line is, whether or not a vendor trades live or sim, has no bearing on how YOU will perform using that method. So, to me it doesn't matter. The vendor doesn't have to trade the method at all for that matter, he doesn't even have to be a trader! For me, he just has to have a viable idea, I will run with that idea and determine if that idea will work for me or not.

Never believe anything any vendor ever says, no matter how awesome it seems. You take that concept home, kick the tires and put it through the paces. That is what will determine if that method will work for you. The vendor trading live or sim is immaterial. He could trade that discretionary method live and make a gazillion dollars in front of your eyes, so you buy that method, and you lose your pants in 3 days. Beyond that method itself, your own discretionary input and trading approach will determine your success with it, not if the vendor trades it live or sim.

I am mainly a divergence trader. I am not a Felton supporter, nor opponent, but I initially learned divergence from Roger Felton years ago, yet I could not become profitable with divergence until I grew as a trader, studied other people's approaches to divergence, and developed my own trading style using divergence. I now trade divergence quite differently then Roger. Although I was never profitable trading his method exactly how he taught it, I did learn quite a bit from his ideas, and his approach and views on the subject, just as I learned other aspects of divergence from a couple of other vendors as well.

I use to believe that a vendor should trade live also, but as I grew as a trader, I've come to realize that a vendor's trading or lack thereof, will not guarantee my success. My own handling of the method is the only thing that determines how that method will perform for me.

if the system is crap no matter how disciplined you are you will still lose. Sometimes its not the novice's trader fault they are not making any money. there is just too much rubbish out there.

Reply With Quote
 
  #375 (permalink)
Elite Member
Dublin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, Currency Futures, DAX
 
Posts: 8 since Jan 2011
Thanks: 0 given, 5 received


Tasker_182 View Post
Wow, 3rd post and it is such a libelous one! For the record I am not a student or member of Felton Trading, nor have I been. I have been in their trading room a few times as a guest and observed the processes. I also have a personal friend who is a member and is doing quite well with the tools that Felton trading provides. My friend was a somewhat decent trader (imo) before felton and he has become a more consistent trader and has been increasing his account and trading size since joining just over a year ago.

It is a lot of money for the Felton system/course and trade room so it is a substantial investment to be sure. I understand now that they offer a free trial of most of their software so something they did not offer before. It sounds like your expectations were for a green light / red light type of trading system with all the perfect settings to turn your PC into an ATM machine. I do know as do most others that everyone trades differently thus a good trade system to me mostly likely would be poor one to you as it all depends so much on our capital and trading risk style. So if Roger, or anyone for that matter, said to you here are the setting to be successful and you could see that they were successful with them and you weren't, would it be because of the settings or your execution? So hopefully you understand that settings are one thing, trade execution with you as the button pusher is another!

That said I have observed on numerous occasions when in the room where Rodger or someone else is doing live trading (by this I mean not market replay but live data. I honestly do not know if they are using real money accounts) and dynamically explaining their entry/exit decisions most of the time well ahead of the event. I also see that they post their daily trading records and I see that some days they do show loses. You can track back their daily trade win/loss on their website. Obviously they are more successful overall. Could you not have traded with them, regardless of settings? I think that is what they encourage new traders to do.

I was a little suprised about what you wrote about the settings as again the few times i've been in Roger and the others do not hesitate to show their settings (when asked) and freely share their chart templates. Roger and the other room moderators, they have different tweaks and settings according to their own trading style and again they tell you that as well as tease each other about their trading styles.

I've done my research on Roger felton (you can find plenty of posts here by him and about him as well as other forums) and I see he has been an indicator nut from day 1 and has shared his indicators (in the early days) freely (dang it!), so I am not suprised that he has a great many indicators and has exposed all types of settings to tweak them. From my research I see he was big on Divergence type trading and that is what he is probably most comfortable with whereas others in his room don't use the divergence signals. I note that Felton recently implemented an impressive Elliot wave indicator with the bar types he uses and some people use the indicator and others do not. Again it is a matter of finding what resonates with you.

As far as their trading, they close their room on Fridays to students only for training purposes, did you ever attend any of those? My friend tells me that that is where they will focus on the various indicators/methods they use (Hearsay since I haven't seen this) and answer very specifically the questions asked. My friend also told me that he an Roger spent time 1 on 1 together to get up and running as well as go through the various trades that Roger had made in the preceding days. Did you spend any time talking directly to Roger at all?

I realize this all might sound strange coming from someone who is not a student but to be honest when you wrote with such venom I really felt it was unfair based on what i have seen and heard. I'm sorry that you had such a bad experience. If you really did pay for Felton Trading then you are a lifetime member so I would suggest you go back and spend more time with Roger and simply follow his live trading until you are comfortable with what of his indicators resonates with you.

Regards,

I was a lifetime member and have attended all so called student lessons , there is not much in there. Every week there is a new software update to add to the confusion. The Tuesday psychology lesson is a marketing ploy for Dr Mike. If your friend is making money they just stumbled on a winning combination. Its in spite of Roger 's teaching rather than a result of it. There are too numerous variables. If you want go ahead and waste your money like I did go ahead . I am warning others so that they don't fall into the same deception.You seem like a paid spokesman from from Roger to give a defense of something you did not pay for . Don't lead others astray.


Last edited by wedzistar; January 7th, 2014 at 12:08 PM. Reason: ommission of a word
Reply With Quote
The following 3 users say Thank You to wedzistar for this post:
 
  #376 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 425 given, 1,125 received


wedzistar View Post
...You seem like a paid spokesman from from Roger to give a defense of something you did not pay for . Don't lead others astray.

For the record, I am not and never have been. And I agree, don't lead others astray. I defer to your membership experience and again sorry that you found no value there. Hopefully you will find something that works for you. Best of luck.

Regards,

"Money is better than poverty, if only for financial reasons." - Woody Allen
Reply With Quote
 
  #377 (permalink)
Elite Member
Dublin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, Currency Futures, DAX
 
Posts: 8 since Jan 2011
Thanks: 0 given, 5 received


Tasker_182 View Post
For the record, I am not and never have been. And I agree, don't lead others astray. I defer to your membership experience and again sorry that you found no value there. Hopefully you will find something that works for you. Best of luck.

Regards,

When I told a friend of mine that I was Regor's student he told me that he had been a student of Roger in 2011 . He told me that of all coaches he had come across in this snake oil infested business, Roger was at the Bottom of the pile. I told my friend I would give him chance but I soon realized my friend was right. The man is full of hot air.

You have not paid a dime to the man and you have the cheeky to say its unfair to expose the fraudsters. What about the countless people being cheated of their hard earned money.How come there are not many students singing praises of the Roger here.

Reply With Quote
 
  #378 (permalink)
Elite, not Elitist :)
San Diego
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP / CQG
Favorite Futures: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 339 since Nov 2011
Thanks: 153 given, 401 received

I am a Felton student and like their software and have been profitable with it. The key for me though is the one on one mentorship of Clint (the other moderator). He freely shares with his students how he trades, helps you develop a trade plan to suit you, helps set up rules, goes over your trades with you each week, etc. This has been invaluable to me and makes the Felton software worth the price for me. Did you take advantage of this wedzistar?

Reply With Quote
 
  #379 (permalink)
Elite Member
Cedar Rapids, iowa
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader - Continuum
Favorite Futures: 6E, TF, 6J
 
Tasker_182's Avatar
 
Posts: 626 since Aug 2009
Thanks: 425 given, 1,125 received


wedzistar View Post
When I told a friend of mine that I was Regor's student he told me that he had been a student of Roger in 2011 . He told me that of all coaches he had come across in this snake oil infested business, Roger was at the Bottom of the pile. I told my friend I would give him chance but I soon realized my friend was right. The man is full of hot air.

You have not paid a dime to the man and you have the cheeky to say its unfair to expose the fraudsters. What about the countless people being cheated of their hard earned money.How come there are not many students singing praises of the Roger here.

Hey man,

" ...you have the cheeky to say its unfair to expose the fraudsters." I never said that, why are you quoting inaccurately and why are you incorrectly interpreting what i've said? You said many libelous things, if you can provide proof it would help your case otherwise you are ineffectively distributing your anger.

"How come there are not many students singing praises of the Roger here." Typically on forum boards when one person sings the praises of a particular product or service or vendor people like yourself come out and rip apart any type of positive review, throwing out terminology like snake-oil salesman, fraudster, etc, all without a shred of any kind of proof.

While it is important to share that you've had a bad experience and nothing wrong with giving your opinion you need to calm it down and provide the facts so that other that read this later will understand what you found wrong and what is it that made this particular vendor so bad in your opinion. Being hateful and libelous is no way to effectively communicate.

I have always thought that all vendors and products should be treated with suspicion until their merits can be proven to yourself. Not all vendors and products are a good match for every trader. To get past the "snake oil" types you as a potential customer have to do your due diligence before you buy.

"Money is better than poverty, if only for financial reasons." - Woody Allen
Reply With Quote
 
  #380 (permalink)
Elite Member
Dublin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, Currency Futures, DAX
 
Posts: 8 since Jan 2011
Thanks: 0 given, 5 received


I spoke to Clint the first week I subscribed and asked how best can i take advantage of this software . Which setups can someone start with BR,SM,HD,SA etc as they were too many. He just waffled without giving any details . I then arranged for a one on one with Roger who went to give me a similar answer, wasting an hour . I then asked him to direct me to previous training sessions but he could n't as most of them I watched either they are discussing a new signal addition or software upgrade . No clear structure as to which way to go. I sent an email to Clint to arrange another one on one he did not reply to the email. I kept attending the room and most of the time its pure waffling and promises that "students " there special training after visitors have left. I tried to actually see if there was any merit of sending visitors away as the student classes are nothing special at all. I realized this was a ploy to make visitors feel they are missing out on something yet there is really no substance at all.There really no explanation on how to filter the SM , BR too many to mention. He keeps on saying the student has to come with his own rules effectively developing a system from the numerous indicators he sells. Clint has too many templates and charts and change too often.

Reply With Quote
The following 2 users say Thank You to wedzistar for this post:

Reply



futures io > > > Has anyone ever heard of Felton Trading? (www.feltontrading.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Heard of www.theeminitrader.com ?? estrader14 Trading Reviews and Vendors 7 September 27th, 2012 12:56 PM
Is here anybody who is trading Felton method? Experiences? redford007 Trading Reviews and Vendors 3 June 6th, 2011 05:01 PM
Felton Trading fballesteros Trading Reviews and Vendors 4 April 14th, 2011 04:16 AM
Whats the funniest comment you've heard about trading Michael.H Off-Topic 2 October 7th, 2010 06:56 AM


All times are GMT -4. The time now is 04:21 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-19 in 0.16 seconds with 20 queries on phoenix via your IP 54.81.45.122