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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.
Thanks again.
Can you help answer these questions from other members on NexusFi?
I am aware that this thread is older but NOT completed yet. Has anyone recently taken the course ($7,000)? And what is the simple $10 indicator used? on different time frames.
I've not taken the seminar (so Wms, save your breathe trying to enforce disclosure agreements), but it's parabolic sars and the squaring aspect is based off the same. It's was explained to me a long time ago, but need a memory jog.
Thanks. When it was explained to you before, were you able to confirm that it was it, by jibing the results with what Williams would call? I'd heard before it was the PSAR, but that didn't seem to make sense. Reflected Wave calls a market top/bottom on time. Perhaps displacing the PSAR could do it, moving it forward? Seems odd, but could be, I guess. And he often has distant targets with Square Principle, which I don't think that PSAR would give one.
Thanks again, and any other thoughts are appreciated, if that helps job your memory (displaced?)
Good day Great Dane,
The individual sharing this with me, was most cautious and I respect that. But they really wanted to help me and save me a lot of money.
As I reviewed charts, based on what I gleaned, PSARs validate Wms predictions he'd make on radio. What escapes me is the mechanics of using the PSARs for projecting and squaring. The individually explained as best they could without coming right out and say do this, this, and this. After a bit of fiddling, I shelved it.
Every once and a while, I'd hear a prediction of Wms and would look at a chart (if I knew the time frame) and it would line up with the PSARs. I will say, at least at the time, an hour period would end on the half hour -- 9:30 to 10:30 etc.
If I recall the basics, today's ES had a failed up wave, but Squaring would have had you in the short. I just don't recall the mechanics. Now my curiosity is peaked again :-)
Thanks much, KySt! And here I was pretty much resigned to either assume it was a scam/not as effective as claimed (which it still may not be) or that I'll simply find something else. There are many ways to trade; I'd just moved on to something else. And still may. I will take a look again, but I think the key to his "seemingly" successful calls is "on what timeframe"? I've asked that before, and I think he essentially said that's the difficult part that he teaches, how to know which to be using. And maybe he has figured that out; I try not to distrust everything.
Indeed, from my memory he starts his 1 hour charts on the pit open. It may actually simply be a function of his charting package (CQG), as he's talked of it being limited and adversely affecting his analysis in some other ways. So that isn't - or shouldn't be - a "key" element in it, but if one were to try to replicate what he's seeing/analyzing, one would have to use the same settings.
Amazing,,,the thread is alive again!...I did sub to their channel for a month and asked for a refund to the magic wave pill after a week of being totally wrong. No refund was their reply...BUT you can come to the Las Vegas school and learn the methodology for a TESLA downpayment.....I took a V W, instead.
The PSAR sounds promising tho and has much credence.
I'm almost sorry to have piqued your curiosity again, Kyst As (bad) luck would have it, I heard him the other day (yeah, I still listen in at times) say that the Square Principle is NOT based on an indicator. He most certainly has said that Reflected Wave was based on an unusual usage of a common indicator, but the Square Principle is not.
Now, maybe what you're suggesting is that a failure of the PSAR prompts him to use the Square Principle, so in a way he's "using" it, but he can also say it isn't. Then maybe just a measured move of some sorts? Not sure how he can say that it's something that no one else has used then, though.
@jrjoe - that was my experience in the room, too, a couple years ago. The room was either very disorganized in its structure and calls or a scam. But, fwiw, they do have people posting positive testimonials most days. At the same time, do they have a ton of losing trades that we don't see people post about?
Williams and Bernie do NOT allow any critical, or losing comments on their site...they preachers at heart,,,,out for your donations...
The comment follows along these lines...wait, I must call Williams (the guy with the Golden Tablets) to reaffirm the time of the reflected wave....well, sumpin' going on in the heavens that can not be explained. Come to our Vegas classroom and all will be revealed to your wallet.
All of these replies are well written rebuttals to the 'beautiful nature' of the Reflected "f*kcery Wave.
When on vacation in 2017-18 I documented every single trade setup during his members-only (I used various usernames and emails/phone numbers for a continuous 6 week unlimited membership) mid-day seminars and attended his 'boy's' trading room.
Mishmash of hits and misses and near hits (always taking credit) and just 'touched or penetrated' stop outs that - LOOK - I'm still in the trade and it went to profit.
Williams' wife (Ukrainian or that area) spends so so many shekels and methinks David is clearly an earner 'cause he works HARD for his grift all day long.
At the end of the day that doesn't help the regular schmo trader. Finally, his ultra-high-end premium pricing model is obscene.
Great fun & lots of talkin'/preachin'/ramblin' - boys club if you will. But again, if you need a friend - buy a dog & go earn more money at a real job.
As (bad) luck would have it, I heard him the other day (yeah, I still listen in at times) say that the Square Principle is NOT based on an indicator. He most certainly has said that Reflected Wave was based on an unusual usage of a common indicator, but the Square Principle is not.