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i am sorry that i did not make it perfectly clear when this list is posted here, that
many traders and wannabes did have numerous complaints regarding these educators and responsible persons behind.
IT IS NOT A RECOMMENDED LIST. approach with extreme caution everyone.
and for those educators, trainers, proprietorial funds etc whose names do not currently appear on this list, DO NOT MEAN THAT THEY ARE LEGIT EITHER, just thought i need to caution my fellow traders here. it just took months and years before enough dissatisfied customers would launch formal complaints against someone or some entities that do them wrong. it just takes time to expose those cheaters and fraudsters and what not.....
no, i am not the owner nor the originator of this listing at all. as a matter of fact, many months ago, i fought to have a certain name removed from the list.
and besides, expensiveness--the like of feltonian and some others are not equivalent to cheat or fraud. when someone or some person INTENTIONALLY mislead you or lies to you in exchange for whatever,
that could be constituted as possible frauds, imho. thx everyone for your interest and time.
Nakachalet, I wanted to pay for it ($400). I like everything about the financial markets and charts. If that CMT designation would bring a benefit to my life, I would do that too. I haven't been able to watch any videos of this new course because I'm on a 3G connection for the next few days, and I don't want to use up the bandwidth-quota. He also has an Ichomoku course. I have never known how to use that, but if someone is good at it, I'd pay to learn that too. When I was doing my MBA, each course was around $1,500. I like education, so $400 for a *GOOD* course isn't going to kill me.
Back to the vendors, I surely don't disagree with Roger's methodology. I also had some pretty good results with a related methodology in a different thread.
I'm in the for-profit education business myself, but nothing to do with trading. Because of this, I know that most teachers are garbage; they just do it for the money. I do it because I like knowing that I do it better than anyone else, and that the students aren't getting ripped off. The only thing that becomes challenging is when everyone knows that you are the best value, and you don't have time to accomodate everyone into your schedule. One has to be careful with burnout.
I guess what I'm trying to say is that *" I "* bend over backwards for students to make sure that they learn if they really want to (if they show up like they are supposed to). I also know that I produce results. There has to be more people in the trading world with similar characters. The hard part would be finding them. One thing I liked about this guy with this new course is that he replies to ALL emails and comments and everyone was saying the same thing. I thought "Is this guy like me?" We shall see...
Mike, I'm sorry if I'm getting off topic. Is there a "Non-specific Vendors Discussion" area?
Curious you mention that, i was thinking along the same lines myself. Why not trying to learn from known masters like James Dalton to name one person for a start and build your own system around that. It takes time but at least you'd start correctly.
I think as traders we benefit from learning about every approach to the markets. For instance, I am not a market profile trader, or an order flow trader, but I thought it was important to at least learn the basics of these approaches, and determine their worth for me personally, and if/how they would fit with my trading personality. Although I determined that I didn't particularly believe in them, or that they did not fit my trading style, I still think it was important to learn about them. That helps me as a trader by broadening my trading views, and by getting insight on how other groups of traders think, and what decisions they might make at various places. Having insight into the plan of traders you might be trading against, may potentially be exploitable and be a viable trading approach in and of itself.
ACBRASIL, I had a week trial in Rogers room and as luck would have it, the market was so dead for 90 minutes and roger kept talking as if we just had a flash crash with so much excitement I started to get a headache and left. I will tell you this, I saw him openly trade in sim mode that day, and yet a couple weeks later he sent me a replay of daily highlights and said it was realtime. Huh?????????
Anyway, if you need the difference in that 2 seconds of waiting time between demo and real to make you profitable, I think that system has to suck. Everyone agree. And when I was live with tradestation futures, I had no precievable lag in execution and thats with a cheap computer 5 years ago. I already mentioned in this thread that I believe Roger is teaching and not trading now because it IS too stressful to worry about every tick. Not for me. I want a system that uses at least 15 min bars and I can even set my tgts and stops and close the platform for the day. Roger says you can use his stuff for any time frame, so why doesnt he show us it works on swing trading too? Just give us the plays on monday and tues and then the results on friday or following monday. Something aint right. But to be fair, his wife Beverly and Roger himself did write to me and said we will be glad to give you plenty of extra time in the room if you need it. Thats very sweet. But guys..................this thread is getting old. Lets find out what the problem is, what the profit potential is and end this thread in the next month or 2. I think all of us just dont have the time to even take all the free trials he gives away as we either have jobs or are too busy with other systems. And all the posts about Roger from 6 months ago or more are now useless because its a whole new system he is using now.
My intuition in deciphering Rogers vagueness in the room as to what is powering this magic indicator of his is that it is moving average based. I dont know how thrilled I am about that. Show me!!!!!!!!!!!!!!!!! -)
I mean I took a trial with one of the biggest software co's everyone likely heard of, they used only red and blue arrows as signals, and i found out on my own that a signal appeared every time price crosed the 20 moving average. I saved $2000 and just implemented the 20ma into my list of qualifiers which I was about to do anyway. We need to find out...WHAT IS THE MAIN DRIVER OF ROGERS SYSTEM? Then Id be glad to base part of my decision on how interesting that is...not just on winning small amounts for a week.
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My intuition in deciphering Rogers vagueness in the room as to what is powering this magic indicator of his is that it is moving average based. I dont know how thrilled I am about that. Show me!!!!!!!!!!!!!!!!! -)
.....and in the wrong hands,Sunil(like mine) they can be devastating. Now I use them visually to tell when SOMETHING IS OVERBOUGHT OR OVERSOLD AND THEY AS i EXPLAINED WORK BETTER FOR ME THAN any RSI or Stochastic could ever do. But......when I based my decision to "buy" when price crosses an average....Its not possible....but I lose 75-82% of my trades!!! Documented this for 6 months. I always thought, if price in a high volume instrument is over the 8sma and the 8sma is over the 20sma, this is very big money moving it, not typical grandmas 401k. I have watched price cross my moving average from the bottom of a daily chart to the middle. the top, anywhere that moving average is. Naturally if it gets there too fast I saw you were playing with fire as buyers tend to dry up, but....what happens when you move out of a base or a choppy period where it doesnt take much energy(money) to get over that 8? The result is still not mathematically profitable! To be honest, this one fact alone, destroys the relevancy of 75% of trading systems out there, whether from a book, for sale on the Internet or we made it up. Very sad. In fact, the turtles made hundreds of millions with a moving average system that you can buy for like 1500-2000 bucks on the internet. Why? It stopped working. Thats another thread I gotta start soon. Are the people highlighted in the book Market Wizards, are their trading methods still working today 20 years or so later? I invite anyone to start that puppy up! -)