Can someone that is current or past customer, not trial, give us an updated feedback. I am considering joining them but we don't have many posts on this thread from actual customers, mostly 2 day trials.
My goal is to be able to learn more about Footprint and hopefully see it live in action. Obviously I'll be doing the 2 day trial but I wanted feedback to weigh in on my decision.
Last edited by Investorito; July 15th, 2015 at 02:55 PM.
I was in the room for a while but stopped using Market Delta (switched to the Jigsaw DOM), so I stopped subscribing about six months back. Also he trades the ES and I am not so keen on that. I found the room good and $99 is a good price compared to some rooms that are multiples of that. He is more of a short term scalper, but as he says, you are always looking for the best entries how ever long you want to hold your trades and you can always exit with your own criteria. He is interested in teaching people to trade rather than just having people shadow trade which is a good thing. When I was there he tried just giving live analysis instead of calling out his trades as he thought people weren't concentrating on the teaching. I preferred that as I found it distracting hearing what he was doing and I found it hard not to fall in to step with what he was doing when it was being called out. How the room operates now I don't know. The only thing I didn't like was that he was upselling the Market Delta Edge course quite a lot because I think it was new, or had been rewritten, but otherwise he seems genuine and knows his stuff. Unlike a lot of room operators he is backed/employed by a good company like Market Delta and you can be confident they wouldn't risk damage to their brand by running a room that wasn't genuine. Just my opinion.
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I unfortunately sprung for the Market Delta Edge membership. $5000!! what was I thinking???
The selling pitch was that we would learn all about market order flow. Found out that after paying the crazy price of $5000 you still have to subscribe to the trading room for $99/mo. They gave me one month trial... I soon learned I was not going to learn anything about order flow you can't find on youtube. The trader's style is a short scalp for only a couple ticks on the ES, which is all they trade. WHAT A DISAPPOINTMENT! Thought I was going to learn the inside view of the markets since the room is run by former floor trader. It appeared to me, he still thinks the markets work like they did back in the 90s.... with his emphasis on "quoting" the market. With all the HFT out there, who wants to spend there days staring at a DOM! not me.
I think the Market Delta Edge is a complete waste of money, exists mainly to convince you to subscribe to Market Delta which by the way, is WAY overpriced. You can get the same trading information on other much less expensive charting software such as Sierra Chart.
STAY AWAY... there is so much more better trading information out there and won't cost anywhere near the $5000 they charge.
They caught me on a bad day.... wish I would have stepped back and thought about it first instead of getting sucked in by the hype of the sales call.
Embarrassed to admit my mistake... but hoping this will give others caution and save someone else from losing their money, as you sign an agreement that there are no refunds. That alone should have kept me away, but again, it was a bad day.
Last edited by rsmtrade; August 16th, 2015 at 06:19 PM.
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This is my first post in Big Mikes Forum however I have been lurking on Big Mikes Forums for many years. My experience with the Market Delta room and the Market Delta Edge program has been educational, constructive, eye-opening and life changing since I joined around the first of August 2015. I have been going in and out of trading rooms since 2007. I have also trialed many more rooms and have also gleaned forum threads after forum threads and YouTube videos for that perfect trading indicator or tool. Just like most of us it has cost me more money and time than I care to admit or think about.
I have found some "Trading indicator" or "Trading tool" that I couldn't wait to try out on the market. I may have found that tool in a book, another trade room or a forum thread and then put it to the test in the market only to find that it wasn't perfect and then blamed that indicator or tool for the money I lost. One of the most eye-opening personal revelations that I have realized from joining the Market Delta room is that I am the one that is to blame for the money I lost. It is not some indicator or tool but it was me. The reason I finally realized that is I now understand order flow, market relationships, where buyers and sellers are trapped, what the DOM really means and knowing where my best opportunity is to put on a trade.
In my opinion the Market Delta room gives you the tools to learn how to trade effectively not a tool to put on a trade. The Market Delta Edge program is very educational and keeps expanding every week with new videos. I now have a whole different view of the market. The Market Delta room is open from 800AM-1030AM Central time and ES is the primary instrument traded. I would highly recommend MarketDelta, the Market Delta room and the Market Delta Edge course to anyone! It was money well spent!
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I would suggest separating the Live Room and Market Delta. Anthony Drager began as a Prop Trader and I met him through someone who I know - a bond trader who I like and trust (also once a broker, floor trader, now screen trader, etc.). I watched and listened to Anthony demonstrate and narrate how he reviewed his trades at the end of the day--a long and meticulous process. I have also participated in his room. Anthony is a very good trader and offers a lot of valuable information. He does not restrict trading to ES, btw, and offers alternative small group chats organized by experience and interest, including one for London and German markets (the room activity may vary, btw).
The room itself focuses on trading the US open until European close at 10:30 (Chicago) or later depending upon market action and news cycles. It is a room that requires commitment and effort to get up to speed. Market Delta software is not required although it is used in the room. The emphasis is placed on reading markets, anticipating moves and following order flow. Charts and trading software facilitate your experience. I prefer Linnsoft R/T for charts which is the foundation for MD. Use a trading DOM of your choice, Bookmap and Jigsaw are both useful. MD in my experience offered almost too much information, that and live news feed, trade room, etc. was disturbing for me.
In any event Anthony offers a view from the inside which can be extremely valuable to any trader if given time. You need to find a method that works for you and it takes time and patience. Good luck.
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