Never heard of him. Go to the "contact us" link and email the representatives and request a copy of a recent month of actual (not hypothetical) trades. If they actually send you a copy, call the brokerage and verify the account exist.
If they don't send a copy of recent real account trades...I'd pass.
He was formerly with Traders International (I think) and then branched out on his own. Met with him in Austin, TX, a couple years ago. Nice enough guy, but for what it costs, you would be better off trying something else. Just my opinion
I agree with gfg1... a very pricy system with visual bells and whistles and an auto add-on (additional cost). However it is simply based on stoch/macd divergence.....nothing you can't accomplish for free with the vast resources available to you on forums such as this.
The following user says Thank You to richsan for this post:
Broker/Data: Mirus Futures/Zen-Fire & Tradestation
Favorite Futures: ES
Posts: 14 since Dec 2010
Thanks: 15 given,
I like it
I've done so many courses I'm embarrassed but as the doer of so many courses I think Felton's the best. But as with the all of these courses you have to backtest and I suggest eyeballing it with pencil & paper & find out if it works. Try it with differing timeframes & bars, make some practice money then trade with the discipline of an olympic athlete, i.e. own it. If you've got to pick one Felton's good.
I took their trial a few years ago. It is the exact same system as Trader's International. Look for price double top/double bottom, accompanied with MACD divergence, and Stochastics potential divergence. Enter at the close of the bar that turns the diverging MACD in the direction of the trade. Recently they programmed that strategy into some packaged products and say the indicators are proprietery, but the indicators are still just your basic MACD and Stochastics. If you experiment with a few different settings of the MACD and Stochastics, you will get the exact same signals, and you will learn more about these indicators as well.
The only thing you have to watch out for is that MACD divergences are awesome in more sideways action, but will send you to the poor house in a strong impulsing market. As a scalper, I've taken 4, 5, 6 losing MACD divergence entries in a row in a strong impulsing move! That can be demoralizing. I've now replaced the MACD with the RSI, because it gives fewer bad divergence entries.
The following 11 users say Thank You to monpere for this post: