David, I appreciate your pointing that out and I'm sorry if I have taken this thread off at a tangent, I just don't believe learning from a saleswoman is the best policy, most of her videos are concerned with trying to sell TTM stuff (as she is now owned by them) I didn't want anyone (newbies esp) getting sucked in by some one as genuine as a 20$ rolex made in asia.
Don't apologize. The thread so far has proved quite useful. I had not heard of Mark Braun and Scott Barney before, so this will give me some new ideas.
If somebody is running a trading room or a website, she probably is a saleswoman, so let it be. TradeTheMarkets has a flashy website, the services and indicators they sell are ways overpriced. But the book John Carter has written is a no-nonsense book, which is an excellent introduction to trading for beginners.
Marketing does not a-priori exclude substance. But again, we are adults, so let everybody decide whether it is worth listening to Carolyn or not.
yes, no need to apologize and I understand the concern of her relationship with TTM. I would have never suggested the webinar if I felt that what would be presented was a sales pitch or not useful. I didn't want to get into the garbage of the trading education business when I suggested the webinar. I was just putting something out there that I thought may be useful, helpful or of interest to some.
I don't benefit in any way shape or form by recommending her webinar. My only two purposes on futures.io (formerly BMT) forum is to help myself and to help others.
I think perception is a funny thing. I bought the Carter book, but felt different than fat tails did. I felt that there was some useful information in the book, but for the most part was just a way for Carter to get people interested in his indicators.
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Perception is indeed a funny thing. Maybe your perception changes, if we go into details.
Let us first have a closer look at Carter's book. Chapters 1 to 5 are about general trading rules, psychology, hardware and software, market mechanics, gauges for sentiment. Chapters 6 to 16 describe eleven different setups. Out of these only pivots (chapter 7), scalper (chapter 8) and squeeze plays (chapter 10) use indicators offered by TradeTheMarkets. Carter gives all details on the indicators and settings, so you can easily build your own squeeze indicator within a few minutes. Chapters 17 to 21 are again general information.
This is definitely not a commercial book!
Now look at the book of Robert C.Miner: He clearly advertizes his software package Dynamic Trader and the Detrended Oscillator (DTOSC) without disclosing how it works - a huge difference with Carter, who does not hide the details and settings. Carolyn Boroden's book also contains a full chapter "Using Dynamic Trader Time Projections Reports and Histograms".
Actually Carter's book compares to the books of Carolyn Boroden and Robert Miner like a virgin to a fancy lady.
Rassi is not entirely wrong talking about a sales woman. Who else would call herself Fibonacci Queen. I don't think that this is what Fibonacci had in mind, when writing his book "Liber Abaci", and that he'd rather not have that queen.
Last edited by Fat Tails; July 29th, 2010 at 03:57 PM.
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