Search results

I don't have that video. Wondering how much was in the account? Of course, he could always add to the account from the money he makes from the room, and from selling videos, doing seminars, etc. He claims he gets no special deals from his broker when he mentions how much he likes his...

Yes, he lost 12K a couple of weeks ago from getting involved in a big trade. (although I had thought it was more...he had to swtich computers during the trade and he says it was 12K). He hasn't made it back yet from trading over the past couple of weeks. He's only been making a few hundred...

FB123, Using the trendline between the top and and the lower high from 1st retrace that you pointed out, I could have gotten in around 1072 on the next bounce toward that trendline with a stop a point or two about the trendline. Even without drawing a trendline, on a 5 minute chart, it's...

Yes, that's the room. If everything isn't in perfect alignment with his setups he usually doesn't trade at all. EDIT: On a choppy and flat day that's fine, but on a day that is trending, so far I've been lucky to see one or two 1 point trades at best. There was one day a couple of weeks...

The current month's subscription is extended until around Oct. 5th since he was away on vacation in August and added a week to the subscription. Either there are some spectacular trades by then, or I'm going to have to cancel, and trade on my own. I can't keep missing out on powerful...

Good question, since I'm still losing money from being in the room when you factor in commission and the subscription fees. If not for one botched trade that I got stopped out (likely my fault because at the time I was trying to manage another trade) I'd probably be at break-even. The most...

The irony is that he's been talking about transitioning into doing intraday trend-trades (instead of mere scalps) for the past month. I'll definitely be reviewing tonights video (he makes videos of every trading session) to review exactly why he didn't take any trades after the market rolled...

No trades today in the room! He just watched /ES drop like a stone again.

Excellent rebuttal, FB123! It would be nice if he could provide a link to his own sites too.

Yeah, that seems strange, but it doesn't mean he can't trade (although it makes me wonder if his trading is really as profitable as it sounds if he's bothering with MLM stuff).

The trader with the stock daytrading room claims to be up 14% in the first 3 weeks in Sept.

So far I'm still not profitable, over time, in the trading room I've been subscribed to. The problem is that there still aren't very many trades per week, and the one or two times I got stopped out after scaling in cost me bigger than a string of small "less than 1 point" winners. I'm still...

Admittedly, my trading instinct sucks for figuring out the moves of this beast called the /ES. Actually, today I was THINKING about going long around 1023.5 this morning, but didn't have the balls to pull the trigger. I thought "what if this dips to 1019." I agree that we've seen...

Well, today the person running the trading room spent the entire day teaching us how to recognize some of his trading setups. This was a presentation that involved showing us pictures of setups from past charts. As a result, todays market was pretty much ignored. While it is nice that he...

I wish I hadn't been so foolish as to try and short this manipulated market. I figured that they couldn't keep it propped up this long. Even though I'd like to short the farm to get back the money I lost, I'm definitely worried that Sept. and Oct. won't be a replay of last year...

Do you think we're on the verge of a trend change to the downside, and this market has finally topped out, or do you think we'll see new highs before that happens?

It's ironic, but that R.H. did pretty much say the same thing, except he doesn't take a trade until his specific setups are in place.

I agree he dropped the ball yesterday, and I agree that, so far, his style of trading might not suit me in the long run because he misses out on big moves. However, he manages to make money (for himself) from trading and has been doing it for 14 years or more (if I recall correctly). So...

Let me know if you ever write a book. I'll definitely buy a copy. ;-) Do you think TradeGuider would help me out as an expensive set of training wheels in order to recognize the different states of the market, or would that be a waste of money? (i've already lost the equivalent of 17...

I agree that his "Simple Strategy" (his normal trend following strategy) isn't too profitable unless you happen know when NOT to take the trades and that ain't easy to know. This other strategy that he was teaching in the webinar I stumbled across was a strategy for trading sideways markets...