Master Forecaster course (www.masterforecastercourse.com)
|October 21st, 2014, 07:55 PM||#11 (permalink)|
Futures Experience: Advanced
Platform: NT, SC
Posts: 42 since Jun 2010
Thanks: 10 given, 30 received
Thanks for the feedback. That is indeed my other concern, that of the timeframe and contradictory calls that we don't see. I asked in today's webinar, as he showed the weekly S&P with 100% accurate calls, and he said he didn't have the daily or 60 minute charts. I wonder about trading it when you get contradictory calls on other timeframes.
On the other hand, he once again showed a brokerage statement showing a very, very high level of success. He must have a team of people doing his trades, as he trades numerous stocks with Puts and Calls.
Re: where are the successes, he does actually have people touting the teaching - at least on his website, if they're real. And albeit just a first name and initial. Though one was unique enough that I did manage to track him down awhile ago, and he said that he still used Reflected Wave. I don't think he was a shill; he was a long-time trader and had been in Raschke's room for quite awhile (I was able to find this out via the internet).
So I'm left unsure. You have your viewpoint which seems valid, in lining up with my concerns. Yet he successfully trades it, and the only others online speak well of it. They could be simply not seeing the trading viability, and instead are being wowed by the accuracy (when it is accurate). Anyway, thanks again for your feedback; finally someone who's taken it! I'm still surprised that not one (that I could find) will simply say what the simple indicator is. Despite his legal disclaimer, you'd think in the world of the anonymous internet one would see that, especially if it's bunk.