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


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

 
 
nakachalet's Avatar
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
Posts: 512 since Aug 2011

@acbrasil

couldn't believe what i read on what you wrote below:

I couldn't resist the temptation and I paid for it this afternoon!.

thought you said last time that you were a little wiser now, wasn't that right and agreed upon.... LOL ?

....Well, I hope it's really good!....

and you are going to try it just during the grace period, correct? and get your refund within the time limit, right?

imh opi.... even 1 euro is way too expensive if it is not more applicable, proficient and effective than whatever indi we have here at bmt...

acbrasil, do remember to get your money back, K?

warm regards



acbrasil View Post
I think what would help the credibility of *ALL* vendors is if they used some 3rd party verified results like myfxbook. I trade MT4, BUT I'm very sure that these 3rd party services have a Ninja plugin. The vendors should let their results speak for themselves.

Roger is a nice guy. I also like divergences. I was sending Cloudy terminal-generated results of live trades with nice results and very high accuracy for a couple of weeks. Then I started this #$%!!& remodling project and now I feel rusty and not really wanting to stay glued to the screen.

I may be starting a new thead soon. I found a guy on forexpeacearmy that has 5 stars and 2 pages of people praising his course (which is pretty cheap compared to Felton or most other people). His course also isn't on futures.io (formerly BMT), which I found odd since so many people already know about it on FPA and a couple of other forex sites. I couldn't resist the temptation and I paid for it this afternoon! I want to see what the 2 pages of 5 star reports were about. Well, I hope it's really good! Once I get some experience with it, I'll make a thread saying if it's good or garbage.



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nakachalet's Avatar
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
Posts: 512 since Aug 2011

i am sorry that i did not make it perfectly clear when this list is posted here, that

many traders and wannabes did have numerous complaints regarding these educators and responsible persons behind.

IT IS NOT A RECOMMENDED LIST. approach with extreme caution everyone.

and for those educators, trainers, proprietorial funds etc whose names do not currently appear on this list, DO NOT MEAN THAT THEY ARE LEGIT EITHER, just thought i need to caution my fellow traders here. it just took months and years before enough dissatisfied customers would launch formal complaints against someone or some entities that do them wrong. it just takes time to expose those cheaters and fraudsters and what not.....

no, i am not the owner nor the originator of this listing at all. as a matter of fact, many months ago, i fought to have a certain name removed from the list.

and besides, expensiveness--the like of feltonian and some others are not equivalent to cheat or fraud. when someone or some person INTENTIONALLY mislead you or lies to you in exchange for whatever,
that could be constituted as possible frauds, imho. thx everyone for your interest and time.


nakachalet View Post
relieved indeed. thx cloudy for sharing.

anyway, did you ever see this list of traders education companies and how they work to attract newbies:



 
 acbrasil 
somewhere, brazil
 
Experience: Intermediate
Platform: metatrader
Trading: forex
Posts: 60 since Jul 2011
Thanks Given: 0
Thanks Received: 23



nakachalet View Post
@acbrasil

couldn't believe what i read on what you wrote below:

I couldn't resist the temptation and I paid for it this afternoon!.

thought you said last time that you were a little wiser now, wasn't that right and agreed upon.... LOL ?

....Well, I hope it's really good!....

and you are going to try it just during the grace period, correct? and get your refund within the time limit, right?

imh opi.... even 1 euro is way too expensive if it is not more applicable, proficient and effective than whatever indi we have here at bmt...

acbrasil, do remember to get your money back, K?

warm regards

Nakachalet, I wanted to pay for it ($400). I like everything about the financial markets and charts. If that CMT designation would bring a benefit to my life, I would do that too. I haven't been able to watch any videos of this new course because I'm on a 3G connection for the next few days, and I don't want to use up the bandwidth-quota. He also has an Ichomoku course. I have never known how to use that, but if someone is good at it, I'd pay to learn that too. When I was doing my MBA, each course was around $1,500. I like education, so $400 for a *GOOD* course isn't going to kill me.

Back to the vendors, I surely don't disagree with Roger's methodology. I also had some pretty good results with a related methodology in a different thread.

I'm in the for-profit education business myself, but nothing to do with trading. Because of this, I know that most teachers are garbage; they just do it for the money. I do it because I like knowing that I do it better than anyone else, and that the students aren't getting ripped off. The only thing that becomes challenging is when everyone knows that you are the best value, and you don't have time to accomodate everyone into your schedule. One has to be careful with burnout.

I guess what I'm trying to say is that *" I "* bend over backwards for students to make sure that they learn if they really want to (if they show up like they are supposed to). I also know that I produce results. There has to be more people in the trading world with similar characters. The hard part would be finding them. One thing I liked about this guy with this new course is that he replies to ALL emails and comments and everyone was saying the same thing. I thought "Is this guy like me?" We shall see...

Mike, I'm sorry if I'm getting off topic. Is there a "Non-specific Vendors Discussion" area?

 
 
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acbrasil View Post
He also has an Ichomoku course. I have never known how to use that, but if someone is good at it, I'd pay to learn that too.

When I read something like this, it really makes me sad....

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

Partly because when I say this, I will be branded a negative a$$hole by saying so.

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trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
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Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
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DionysusToast View Post
When I read something like this, it really makes me sad....

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

Partly because when I say this, I will be branded a negative a$$hole by saying so.

Curious you mention that, i was thinking along the same lines myself. Why not trying to learn from known masters like James Dalton to name one person for a start and build your own system around that. It takes time but at least you'd start correctly.

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monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
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Broker: Mirus, IB
Trading: SPY, Oil, Euro
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DionysusToast View Post
When I read something like this, it really makes me sad....

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

Partly because when I say this, I will be branded a negative a$$hole by saying so.



trendisyourfriend View Post
Curious you mention that, i was thinking along the same lines myself. Why not trying to learn from known masters like James Dalton to name one person for a start and build your own system around that. It takes time but at least you'd start correctly.

I think as traders we benefit from learning about every approach to the markets. For instance, I am not a market profile trader, or an order flow trader, but I thought it was important to at least learn the basics of these approaches, and determine their worth for me personally, and if/how they would fit with my trading personality. Although I determined that I didn't particularly believe in them, or that they did not fit my trading style, I still think it was important to learn about them. That helps me as a trader by broadening my trading views, and by getting insight on how other groups of traders think, and what decisions they might make at various places. Having insight into the plan of traders you might be trading against, may potentially be exploitable and be a viable trading approach in and of itself.

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Daytrader50
DELRAY BEACH
 
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acbrasil View Post
Hey Guys!

Cloudy, you'll probably remember me because I was sending you my terminal results. Nakachalet, I was the guy that was always talking about double-tops and double-bottoms. I disappeared from trading for a few months because I have been remodling an apartment. I'm still not done yet! I stepped away because I couldn't be at the screen in the morning, and longer-term trades don't seem to work with my personality/risk tolerance.

Now, today was the first day in a LONG while (3-4 months) that I sat at the screen. It's tough!! It's hard to stay focused and interested. My opinion from watching the trials is that Roger is a decent guy with a decent system. The problem, I think for Roger is that I can't find anyone on any serious message boards who have paid for his course that come here to show terminal real trading software results. (Most of us just "tried out" his limited services to non-members). He offered to train someone in another forum for free; I would take him up on an offer like that!! At the end of the "training", even if the styles don't match, then you have a live room that you can go to to hear people doing the same thing as you're doing. It would help to stay focused I think. That would definitely be in Roger's best business interest: he trains someone who is the member of a "community" to honestly tell/show other people how they are doing. Well, if he wants to do that, he knows where I'm at.

Yeah, back when members of futures.io (formerly BMT) could see the trials, I also got wrapped up in the live -vs- demo trading. But being away has given me some time to think about it: it's impossible to anwer questions, and risk live money. The only thing lacking, IMO, is the NinjaTrader results INSTEAD OF speadsheets, or show both. The trading software-generated results (terminal results) are hard to fake. Demo or Live. The only time I have seen where this becomes an issue is when profit targets are VERY SMALL (3-4 ticks). Demo trading is an immediate fill whereas live trading usually has to contend with a higher spreads. I still believe that the basis of his system is sound because I have been using something similar for a while now.

In the meantime, if there're any real paid-up customers who are using his software, I'm sure people are still curious to hear the results. Good or bad. I hope good though because I NEVER see anything positive about vendors. I like to think there are more honest people out there, and not just tricksters.

ACBRASIL, I had a week trial in Rogers room and as luck would have it, the market was so dead for 90 minutes and roger kept talking as if we just had a flash crash with so much excitement I started to get a headache and left. I will tell you this, I saw him openly trade in sim mode that day, and yet a couple weeks later he sent me a replay of daily highlights and said it was realtime. Huh?????????

Anyway, if you need the difference in that 2 seconds of waiting time between demo and real to make you profitable, I think that system has to suck. Everyone agree. And when I was live with tradestation futures, I had no precievable lag in execution and thats with a cheap computer 5 years ago. I already mentioned in this thread that I believe Roger is teaching and not trading now because it IS too stressful to worry about every tick. Not for me. I want a system that uses at least 15 min bars and I can even set my tgts and stops and close the platform for the day. Roger says you can use his stuff for any time frame, so why doesnt he show us it works on swing trading too? Just give us the plays on monday and tues and then the results on friday or following monday. Something aint right. But to be fair, his wife Beverly and Roger himself did write to me and said we will be glad to give you plenty of extra time in the room if you need it. Thats very sweet. But guys..................this thread is getting old. Lets find out what the problem is, what the profit potential is and end this thread in the next month or 2. I think all of us just dont have the time to even take all the free trials he gives away as we either have jobs or are too busy with other systems. And all the posts about Roger from 6 months ago or more are now useless because its a whole new system he is using now.

My intuition in deciphering Rogers vagueness in the room as to what is powering this magic indicator of his is that it is moving average based. I dont know how thrilled I am about that. Show me!!!!!!!!!!!!!!!!! -)

I mean I took a trial with one of the biggest software co's everyone likely heard of, they used only red and blue arrows as signals, and i found out on my own that a signal appeared every time price crosed the 20 moving average. I saved $2000 and just implemented the 20ma into my list of qualifiers which I was about to do anyway. We need to find out...WHAT IS THE MAIN DRIVER OF ROGERS SYSTEM? Then Id be glad to base part of my decision on how interesting that is...not just on winning small amounts for a week.

 
 
Sunil P's Avatar
 Sunil P 
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
Posts: 290 since Jan 2012

[
My intuition in deciphering Rogers vagueness in the room as to what is powering this magic indicator of his is that it is moving average based. I dont know how thrilled I am about that. Show me!!!!!!!!!!!!!!!!! -)




moving averages are just average.

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Daytrader50
DELRAY BEACH
 
Posts: 41 since Jun 2012
Thanks Given: 19
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.....and in the wrong hands,Sunil(like mine) they can be devastating. Now I use them visually to tell when SOMETHING IS OVERBOUGHT OR OVERSOLD AND THEY AS i EXPLAINED WORK BETTER FOR ME THAN any RSI or Stochastic could ever do. But......when I based my decision to "buy" when price crosses an average....Its not possible....but I lose 75-82% of my trades!!! Documented this for 6 months. I always thought, if price in a high volume instrument is over the 8sma and the 8sma is over the 20sma, this is very big money moving it, not typical grandmas 401k. I have watched price cross my moving average from the bottom of a daily chart to the middle. the top, anywhere that moving average is. Naturally if it gets there too fast I saw you were playing with fire as buyers tend to dry up, but....what happens when you move out of a base or a choppy period where it doesnt take much energy(money) to get over that 8? The result is still not mathematically profitable! To be honest, this one fact alone, destroys the relevancy of 75% of trading systems out there, whether from a book, for sale on the Internet or we made it up. Very sad. In fact, the turtles made hundreds of millions with a moving average system that you can buy for like 1500-2000 bucks on the internet. Why? It stopped working. Thats another thread I gotta start soon. Are the people highlighted in the book Market Wizards, are their trading methods still working today 20 years or so later? I invite anyone to start that puppy up! -)

 
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
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Daytrader50 View Post
...when I based my decision to "buy" when price crosses an average....Its not possible....but I lose 75-82% of my trades!!! ...! -)

Have always considered moving averages as a finger pointing to the moon. It is said the fool focus his attention on the finger.


 



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