I have been with Tony for about 15 months. You won't find a more honest or hard-working guy(vendor) out there IMO. I have been thru the mill with many of them. Tony helped me turn 10 years of losing into consistent success. his indicators are different and signals easy to see, but more importantly he teaches patience and waiting for them to setup. I think he has gone to a trial for a small fee to get a look at the room, but I can vouch for the accuracy of the Trade log. Hope this helps.
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I was in this room for a few months at one point. As mentioned above, Tony is a really great guy, and at the very least he IS willing to spend ample amounts of one on one time with participants of the room. So one thing I would never say is that there is a lack of support.
He has some interesting ways of trying to coach one into success. Namely attempting to get one used to the idea of winning, by attempting to get you to have 'winning days.' No matter how big or small. Not a bad way to look at things. As mentioned above, he really does preach about PATIENCE.
There was also a detailed trade journal the user filled out every day. And Tony would even go through and make comments on your performance at the end of the day.
But..... in the end there is nothing special about any of the indicators or the system that runs in the background. You can simulate similar trading results by putting together some system on your own. Also, the fills the strategy takes aren't realistic, as it fills once the target is touched, when YOU likely will need a tic through it to get an actual fill. I say this at the time I was using it, things may have changed by now? (They were using TS during the time I was there)
Also, with the trade performance, you have no actual way of knowing whether or not this is ACTUAL trade performance of the head trader. The trades are never commented on prior to the trade being taken, only AFTER the trade has either closed or well in profit. So I was never able to really believe it for myself. So with that aspect of it, it is like every other trading room I have ever been in.
When I was there, the system was that of a small target with a bigger stop. There were also no real concrete rules, so this IS a discretionary system. You still pick which signals to take. In the end, it is up to the user to really figure out a way to make it profitable. And with that, just like everything else, imo there really is no point in paying for it.
I don't know what it costs now, but the time I was there imo it was really expensive for what you get out of it. In the end, I would suggest that the guys are really nice people that produce a good atmosphere as far as trading goes, and if it where free, I'd probably hang around. But if someone asks me if I think it's something worth paying for, I would say "No Way."
Also let me append to my comments with, just because I didn't find value in it doesn't mean someone else won't.
Last edited by forrestang; September 11th, 2011 at 04:49 PM.
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Hi Forrest. Thank you for the kind words and I am glad you remember me and the folks from the room fondly.
I rarely have time to read or write in forums but a room member brought your post to my attention and felt that it was inaccurate in many ways. I hope you don't mind if I straighten out some of your mistakes or out of date information. I encourage you to revisit our trade room or attend one of our training sessions or webinars in the near future so that you can write reviews based on current information. I do not believe you are doing justice to the good folks here that are looking for an informed opinion.
Forest, we have multiple indicators that were written in house and exist NOWHERE ELSE. True that we use support and resistance pivots and have created a new set of them to help make our trade setups easier to see and trade. But we use the same algorithms that the rest of the industry uses to produce the lines. Our Intentional Entries, SpeedTick, Ricochet, Pull Back Alert, and several others are unique and cannot be just "put together" to create anything remotely similar.
The strategy fills are NOT INTENDED, nor where they EVER INTENDED, to be a signal generator that you just blindly trade. The strategy (now known as the Intentional Entries because of this misunderstanding by you and a few others) is a collection of indicators that generate a buy/sell signal when they are all in confluence. This signal is then qualified using support and resistance to make sure that you are not trading right into a strong line. I take full responsibility for you not knowing or understanding this. Honestly, I do not know or understand how you could have been in the room for a couple of months and not heard that a few dozen times. It was my job to make sure that everyone knew how to trade the IE, and on this apparently I failed you.
It has been nearly a year since you were in the room so again your information is extremely out of date. You might go to our website and go to the videos tab. There I have full days of trading posted, raw and uncut just as if you were sitting in the room with us. I do not review or edit these videos as I do not have time. They are simply to let people get a feel for how we call trades out and see that I do call them out before hand, will talk through the trade as I can, and go over the trades afterwards. My online trade log is live and many of the room members have it up on their screens to compare my trades to their own. If I EVER shilled a trade and lied about entry or exit, they would crucify me on the spot. So there are dozens of people that will disagree with you on this.
Again this is a failure on my part. We have, and have ALWAYS had concrete rules. I think a visit to our videos (or webinars tab) or trade room will help clear you up on that. You might pay special attention to the video on risk level.
Yes, this IS a discretionary system. Yes, I do not push the button for you so obviously you will pick which signals to take based on your own level of risk and experience. If you were looking for a signal service I am not sure why you stayed for as long as you did. We teach people how to trade our system and provide indicators for them to use that they would otherwise have to purchase from us and install and use on their own computers. I guess that is what people pay for. BTW...most of the traders that were in the room when you were there a year ago are still there...and happily paying each month.
Well I definitely cannot have issue with the your opinion of the atmosphere and again, thank you for your gracious compliment. I think though, that the folks here at Big Mike's deserve an informed opinion based on current information. Yours is nearly a year old, which really does not help anyone. You have helped me however. I MUST do a better job of explaining some things that maybe you did not understand. There is a good chance there were others that did not understand that were not as forthcoming as you were and I hate that I may have failed them as well. I am forever trying to get better at my job and I will take this information and use it to improve my teaching skills.
I wish you nothing but great success in your trading.
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Initially, I was going to respond in a different way, particularly to all the apparent 'mis-truths' I must be shouting, and to all the insults that you were trying to pass off in a more..... how can I put it, tactful manner.
Part of the ROE here is not to personally attack other members, or respond in an way that may construed in an overtly negative way to others. I can already see how this thread will go.
So I will simply say, MY review and what I got out of the room is posted. I'm sure some of your other members will chime in about their satisfaction. As I mentioned above, just because I personally didn't find any value, doesn't mean others won't.
So again as I said in our chats recently, I wish you the best, and I am glad you have those that are happy with your service.
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Thanks for the replies. I checked out the room for two weeks on a trial.
I like Tony’s approach to trading and think it’s a good room to learn how to scalp. His teaching style is pleasant and his system does find winning trades. I kind of figured out what the indicators where showing… no real secrets there IMO. I do like the way they show on the bar. All too often in my trading I’ll miss a condition on a sub window indicator, but with Tony’s indicators it's more obvious.
The indis are for NT, so not something I can benefit from having switched to MultiCharts.
Overall I picked up a few new ideas that I hadn’t considered before, so it was worth the time spent.
Last edited by Keithh; September 16th, 2011 at 07:55 PM.
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Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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