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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)

  #81 (permalink)
 
rogerf's Avatar
 rogerf 
Victoria, TX
 
Experience: Master
Platform: NinjaTrader
Broker: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Trading: 6E, CL, GC
Posts: 132 since Apr 2010

Of course, I'd be glad to post some of them. I was actually waiting to hear back from Big Mike to get the ok...didn't know his policy about vendors posting their "stuff".

I'd like to personally thank you guys for taking the time to come and start checking me out. I can't express how delighted I'd be to help anyone in this exceptional group of traders.

Glad some of you are beginning to realize that my parents really were married...so all those rumors about me aren't true...LOL

Your friend,

Roger

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  #82 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Swing Trader
 
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@rogerf, the only real issue is no DLL's. Otherwise there is no problem for you to share your stuff if you want to do that.

What you need to do is just create a new thread with an appropriate topic in The Elite Circle forum then you can talk about the indicator and attach it there. Or if you want to have one thread for multiple indicators that is fine as well.

Mike

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  #83 (permalink)
 
rogerf's Avatar
 rogerf 
Victoria, TX
 
Experience: Master
Platform: NinjaTrader
Broker: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Trading: 6E, CL, GC
Posts: 132 since Apr 2010


Thanks Mike,

Glad to upload them for the Elite folks. As a relative newbie, maybe someone could give me a crash course in doing that as well as starting a new thread. I'm a chart nerd...

The indicators I'll share are pretty good but, to get the max out of them, the group really should have some training so let me know if we can arrange that after the indicators are posted.

Roger

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  #84 (permalink)
 
Jeff Castille's Avatar
 Jeff Castille 
Northern California
 
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rogerf View Post
Thanks Mike,

Glad to upload them for the Elite folks. As a relative newbie, maybe someone could give me a crash course in doing that as well as starting a new thread. I'm a chart nerd...

The indicators I'll share are pretty good but, to get the max out of them, the group really should have some training so let me know if we can arrange that after the indicators are posted.

Roger

Hey Roger,

This is great......thanks for sharing!

To start a thread in the Elite Circle just click on the Elite Circle on the front page of the forum.....once you are there scroll down a little and you will see a "new thread" button......just click on it and fill in the various sections.....if you have any problems.....I'll just start the thread for you and you can upload to your hearts content.

Jeff

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  #85 (permalink)
 researcher247 
Chicago, IL
 
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I really don't have anything against a 'vendor' coming on the forum and hanging out and being a 'good' guy.

I visited Roger in the early 2000's in Austin, TX and hung out with him in his trading office for 1/2 day with his projection monitor {when he was with Traders International}.

Never signed up--neutral.

Roger is quite articulate (Southern style dialect). My personal opinion here; he is NOT hurting his potential sales being part of this rather specialized forum.

Very very few traders find this forum; especially new traders.

Regardless, though a free trial is pretty much a requirement at this point; in my humble opinion trading 'rooms' with an overlayed "method" should never cost several K upfront.

A better price structure is a monthly fee with option to buy--with monthly costs credited toward lifetime purchase.

But what do I know? What the market will bear, eh?

Divergence trading is simply buying bottoms and selling tops with short-term confirmation and you need a high winning % in order to come out ahead as your reward:risk gets closer to 1:1.

If you have an intial reward:risk of under 1.0 then you must scratch alot of trades and manage alot of your losers before they go to full losers.

That written; this is a good thread.

peace

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  #86 (permalink)
 
Linds's Avatar
 Linds 
Victoria, Australia
 
Experience: Intermediate
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Jeff Castille View Post
Oh.......I also spent more than two hours after RTH with Roger......he is a wealth of information. You can doubt all you want. If you are interested see for yourself.

Personally.......I think Roger is a good trader with a gift for teaching. He has succeeded at turning these talents into two businesses........the trading part and the teaching part.

No worries Jeff...Personally Im not interested. He is clearly a very impressive personality based on yours and Fluxsmiths responses and knows something about trading. And given the reception and acknowledgement he has recieved here I would be surprised if a few new members havent or will become his clients. So it will be a good return for his efforts and hopefully a good investment for his new clients.

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  #87 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
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Linds View Post
No worries Jeff...Personally Im not interested. He is clearly a very impressive personality based on yours and Fluxsmiths responses and knows something about trading. And given the reception and acknowledgement he has recieved here I would be surprised if a few new members havent or will become his clients. So it will be a good return for his efforts and hopefully a good investment for his new clients.

I suspect Roger is a good business man as well, and the thoughts that you express, I'm sure also crossed his mind. He had nothing to lose, he made an effort to defend his integrity, and in the process maybe pick up a couple of potential clients... It's a win/win for him On the other side, a couple of you guys had the opportunity to get his perspective on the markets.

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  #88 (permalink)
 Eric j 
NY
 
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rogerf View Post
Thanks Mike,

to get the max out of them, the group really should have some training so let me know if we can arrange that after the indicators are posted.

Roger

I would accept this offer first and focus on the indis second . Roger is a master at reading market structure and Im sure he will tell you its the "where" to trade thats most important . He has an insight about price structure and form thats invaluable and you will serve yourself well picking his brain on these subjects .

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  #89 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
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Broker: Mirus, IB
Trading: SPY, Oil, Euro
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researcher247 View Post
I really don't have anything against a 'vendor' coming on the forum and hanging out and being a 'good' guy.

I visited Roger in the early 2000's in Austin, TX and hung out with him in his trading office for 1/2 day with his projection monitor {when he was with Traders International}.

Never signed up--neutral.

Roger is quite articulate (Southern style dialect). My personal opinion here; he is NOT hurting his potential sales being part of this rather specialized forum.

Very very few traders find this forum; especially new traders.

Regardless, though a free trial is pretty much a requirement at this point; in my humble opinion trading 'rooms' with an overlayed "method" should never cost several K upfront.

A better price structure is a monthly fee with option to buy--with monthly costs credited toward lifetime purchase.

But what do I know? What the market will bear, eh?

Divergence trading is simply buying bottoms and selling tops with short-term confirmation and you need a high winning % in order to come out ahead as your reward:risk gets closer to 1:1.

If you have an intial reward:risk of under 1.0 then you must scratch alot of trades and manage alot of your losers before they go to full losers.

That written; this is a good thread.

peace

You don't need to have a 1:1 or less reward/risk ratio to trade divergence, With a 6 or 8 tick target, and 3 or 4 tick stop, I trade divergence with 2:1 reward/risk, and most of my entries have 3:1, and a good number have 4:1 available. I trade 2:1 because I hate sitting through pullbacks, I hit my targets on the 1st push. I want the 1st pull back to stop me out, or break me even. And, contrary to popular belief, not all divergences are counter trend, about 1/3 of my divergence signals are with the trend.

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  #90 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
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I have been in the room the last couple of days.

He had a very bad day Thursday and didn't hide the fact that he lost a substantial amount. I had stopped watching, but somehow I came back and voila his DOM was slightly profitable? Now, I could take my DOM offline and add a bunch of quantity and get myself back to profit as well, so I don't know what he did to do that and honestly don't trust anything I can't see. (My issues I know...)

He was up substantially on Friday already prior to the time shown on the website to enter the room, but I watched for a few hours and he made about 350.00 more himself.

He seems not to follow too many of his own signals and is selective. He trades for a 'brick' most times where the renko brick is typically 4.

I think he could and is a profitable trader, although I don't know when/if he trades live compared to SIM.

Here is my take:

1. Roger is about the sweetest guy you will see in this business.
2. If you were part of his program then you could learn to be profitable.
3. He is honest and has integrity from talking w/ him and he makes you feel good about trading.

If I were new at trading, this is something I would jump on. I am trying to get a friend to take a closer look.

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