I see there is something akin to a war going on, on this thread so it is with great hesitation and respect to ALL partys involved I humbly ask this:
Today I was sent a replay of Rogers new indicator system and I am someone who is just about fed up with software vendors. I didnt like Feltons system before, not because I thought he was dishonest but I dont like the nerve wracking job(and it IS a job!) of scalping in and out all day for 5 ticks at a time. In the end, even if I win, the brokerage firm with commissions AND the mm's with the spread are going to be sucking me dry to the point where they get at least 1/2 my profits per year, maybe per month! So I moved on, thinking Roger was an intelligent trader but I see why he sells it. Its too much work to do day in and day out. Year in and year out you'd need tranquilizers every day at 4pm market close. But now.....
on this new webinar he showed, he has indicators that put renko bars into dense thin almost channel size lines that are either red or green so much of the guess work is gone and I looked at the times on bottom of these live charts and many trades lasted an hour or more. Now thats my kind of day trading. I must tell you that from what Ive observed in over 15 years of trading rooms is that anyone who is trading for less than6 five min bars or 15 two min bars is playing for nickels and dimes. So anyway, this looks fabulous on paper, but as always, that means theres a hole in it somewhere, right? Yes, Roger did sound his usual salesy self. I picture him as a used car salesman with a stetson on his head in Dallas Texas somewhere. Ha! But, guys, I gotta tell you...Ive seen it all from neural network software to the most sophisticated fib clustering charts and Ive never seen anything unique in quite this way. No I dont believe it is worth the $4500 he asks for it. (Plus a monthly fee to use the software thrown in in the last 60 seconds...hmmmmm..... yet, one of you who is with Roger or was and can be unbiased, should check it out and tell us what you think. Me, Im not buying it! But, the idiot that I am, the inner child who still wont grow up inside me, still believes in magic. I guess I just love "sexy" looking charts.DISCAIMER: BUYER BEWARE. PERIOD!
I hear he will give anyone a week free trial in the room which I think runs from 8-12 est. I was hoping someone would comment before monday so I dont waste my time, or....miracle upon miracle...they say its pretty good. Now lets act civil here guys. I dont want Mike getting upset and I dont want Roger insulted because I asked a question. Please go along with that. As another poster said...."sometimes, silence says it all."
Roger trialed/bought RJay's bar types and then had his own programmer go to work on his own versions. If Roger is charging too much you should check out RJay, he is the original Renko tweaking king whom everyone else copied (and I could list a lot of the copiers here, would be quite lengthy).
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If innovative trading sol. is the same guy you are talking about, I dont think they are the same thing. I think rogers are smoother as they dont jump back and forth from red to green so much. maybe he got the idea from this guy but he had to pay someone to really improve it, or maybe he just smoothed it out until it became so late its now useless. thats what im trying to find out. Below is a piece of one of his new charts. This might pique some of you fellas curiosity. There are also indicators I never saw before on the bottom, but I dont kn ow if Roger would want me to show the whole chart. I dont want to get anyone upset but this is the meat of what was shown in the live webinar. Is this the same thing you refer to,dan?
roger has an expensive system as you smartly observed.
inasmuch as the system goes, the ones that i looked at some three months ago, and as he demonstrated live but without the benefit of trading his own live account then, it left many questions unanswered.
many traders just wonder in amazement, why if a system is profitable then, why not just trade live with own live trading acct.... to own paid chatroom members to quiet those jealous critics....? there are at least a handful of chatrooms whose proprietors trade live with own acct to prove to their paid members that their monthly fees are well worth it.
yes, i did ask roger a few times, and he seemed to have his own personal reasons which i also respect just as much as big mike's and every trader's here as well. if he is trading his own live acct now, i surely would like to visit him again.
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"No professional trader trades live while moderating a room."
he is absolutely and categorically incorrect....
larry, jake, john, bill, hubert <not necessarily in their order of importance or imminence> immediately came to mind, among several other 'for profit' gurus....;
particularly, larry; even though larry lost his 6 figure acct, like many of us did in lesser degree, at pfg.... he immediately went on live in his trading room the next day with other brokers....
they are all trading live with their own trading acct and moderating, teaching and coaching in the same breath as well.... in front of their own paid members who paid several hundred usd a month. but then there is also room owner who charges in excess of 100 usd per day, only for days where profit exceed 100 usd; trading 2 contracts each time.
yes, aligator, he also gave me the same response last year. he could have lots more followers, had he just gotten himself together and traded live on just a couple of contracts. i also tried to persuade him also.... but to no avail.
personally, the man got the tools to trade profitably, but to the tune of 1k a day or not, as often claimed, is yet to be tested in live market and live acct.... imho.
aligator, i humbly agree with you.... that making live calls and.... trading the calls are entirely two different animals altogether.
to be also fair to rf, i do not believe that he would intentionally cheat anyone like so many other vendors around and abound. in many ways, i truly wish him, bev, dr mike and others well; so he et al would one day, perhaps change his mind and trade his very own live acct among many elite traders around here and other camps.
cheers and have a safe and happy wkend everyone.
Last edited by nakachalet; September 15th, 2012 at 04:39 AM.
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