I just watched Oscar's latest video and he said he has moved shop to Las Vegas?? Seems like an illogical place to be trading from. I would think that the early mornings (2-3am start) you would have to keep would be killer. Maybe in the Vegas lifestyle this is not a problem. Is Oscar going through some type of mid-life crisis or something? Just wondering if anyone knows what is up with that.
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Short-term trading with Oscar
- Thread starter cgtrader
- Start date
I've been watching the market calls here lately. There appears to have been an NQH8 long entry in the Globex session at 2:25:50 AM at 1765 today but no word ALL DAY long of where this trade was stopped out. NQ dropped more than 50 points from that entry. If you look right now, you can still see this for yourself on their web page at:
http://www.livewithoscar.com/modules.php?name=Content
Does anyone know for sure what happened today?
http://www.livewithoscar.com/modules.php?name=Content
Does anyone know for sure what happened today?
Excuse me.. but your a trader right?
why dont you simply spend some money.. like $100 and get the inside track on the REASON for the calls which themselves are availble at less than this cost for a month?
Or simply get into the chat room for FREE?.. which by the way IS the best chat room for Futures trading.. NO QUESIION
???
why dont you simply spend some money.. like $100 and get the inside track on the REASON for the calls which themselves are availble at less than this cost for a month?
Or simply get into the chat room for FREE?.. which by the way IS the best chat room for Futures trading.. NO QUESIION
???
Quote from brocklanders:
I just watched Oscar's latest video and he said he has moved shop to Las Vegas?? Seems like an illogical place to be trading from. I would think that the early mornings (2-3am start) you would have to keep would be killer. Maybe in the Vegas lifestyle this is not a problem. Is Oscar going through some type of mid-life crisis or something? Just wondering if anyone knows what is up with that.
No state income tax.
Lots of foreclosures to cherry-pick.
Showgirls.
Gambling jones?
Free buffets.
Quote from Aok:
No state income tax.
Lots of foreclosures to cherry-pick.
Showgirls.
Gambling jones?
Free buffets.
I thought I knew it all as a UK based guy but man!! you rock Dude.. I never knew this..
Vegas is the Monaco of the US if this is correct.... NO STATE INCOME TAX???? REALLY????? !!! MAN!!! is that true???? surely not right?...!!!:eek: :eek:
Quote from Paulds11:
Excuse me.. but your a trader right?
why dont you simply spend some money.. like $100 and get the inside track on the REASON for the calls which themselves are availble at less than this cost for a month?
Or simply get into the chat room for FREE?.. which by the way IS the best chat room for Futures trading.. NO QUESIION
???
Hi,
As I mentioned, I just got interested and have been watching lately. It had looked like their trade results were always eventually posted but this one hadn't been and I was curious. Nothing more than that.
i thought it was important to post to the forum regarding oscar as i have had several months of first hand experience in oscar's premium room.
oscar charges @$400 per month for his so-called expertise. let me tell you the truth......
for 400 bucks you get oscar occasionally showing up at some point during the day to sing his own praises if a trade works out and he actually made money. by the way this doesn't happen as often as he makes you believe.
when a trade doesn't work out you don't hear from him and are left wondering where he is?
he occasionally puts a class on for members that goes on and on about head and shoulders patterns that are sometimes apparent but mostly vague. but as he says it is his interpretation of them even if they don't look anything like the classic patterns.
he will not stand for any kind of criticism or questioning of his analysis and will even delete any messages that are posted on you tube that are not full of praise about him. i know because he did this to me!
the man has a huge ego that needs to be stroked at all times and he is fortunate in the fact that some of the members in his premium room do just that!
he says when asked that he doesn't keep performance records or ratios to guage his success/failure but how many business' or traders don't keep a record of there performance? it just doesn't make sense!!
during my time in the room he seemed more interested in drumming up business for his premium room than trading and would always ask premium room members to go to the open chatroom to sing his praises and get others to join his $400 club.
another thing he adds is that if you use his brokerage service the premium room is free, but what he doesn't tell you is that he charges $50 a r/t per contract so.....at those prices how could he charge you for the premium room?
he goes on about the indicators he uses are just the default settings .... but then uses a 49 day moving average instead of a 50, and an 86 day moving average.... because they fit but they change when that particular period is no longer effective....curve fitting???? hmmm
so how successful is he??? he still drives a ford and is doing all the renovation work himself for his "trading academy".
if i was as successful as he makes himself out to be then i'd be driving a much nicer car and would pay contractors to complete the building work...wouldn't you?
do yourself a favour and give him a wide birth...
i can't deny that i paid for his service and took his recommendations .....and lost nearly 70% of my account in the process.
i am not here to moan that i was stupid enough to think he may be a good trader and i could learn AND make money at the same time.
i blame no-one but myself but hope that anyone that is considering using this man's services ask themselves if they truly believe he is the answer to their prayers.
with that being said i understand that he has a family to provide for and will do all that it takes to make sure they are well looked after....i would do the same but i honestly couldn't live with myself if it meant praying on others hope, thinking that my unscrupulous dealings could effect their financial futures and that of their families.
there are a lot of "snake oil salesmen out there and i'm afraid to say this man is definately one of them.
YOU'VE BEEN WARNED!!!!!
oscar charges @$400 per month for his so-called expertise. let me tell you the truth......
for 400 bucks you get oscar occasionally showing up at some point during the day to sing his own praises if a trade works out and he actually made money. by the way this doesn't happen as often as he makes you believe.
when a trade doesn't work out you don't hear from him and are left wondering where he is?
he occasionally puts a class on for members that goes on and on about head and shoulders patterns that are sometimes apparent but mostly vague. but as he says it is his interpretation of them even if they don't look anything like the classic patterns.
he will not stand for any kind of criticism or questioning of his analysis and will even delete any messages that are posted on you tube that are not full of praise about him. i know because he did this to me!
the man has a huge ego that needs to be stroked at all times and he is fortunate in the fact that some of the members in his premium room do just that!
he says when asked that he doesn't keep performance records or ratios to guage his success/failure but how many business' or traders don't keep a record of there performance? it just doesn't make sense!!
during my time in the room he seemed more interested in drumming up business for his premium room than trading and would always ask premium room members to go to the open chatroom to sing his praises and get others to join his $400 club.
another thing he adds is that if you use his brokerage service the premium room is free, but what he doesn't tell you is that he charges $50 a r/t per contract so.....at those prices how could he charge you for the premium room?
he goes on about the indicators he uses are just the default settings .... but then uses a 49 day moving average instead of a 50, and an 86 day moving average.... because they fit but they change when that particular period is no longer effective....curve fitting???? hmmm
so how successful is he??? he still drives a ford and is doing all the renovation work himself for his "trading academy".
if i was as successful as he makes himself out to be then i'd be driving a much nicer car and would pay contractors to complete the building work...wouldn't you?
do yourself a favour and give him a wide birth...
i can't deny that i paid for his service and took his recommendations .....and lost nearly 70% of my account in the process.
i am not here to moan that i was stupid enough to think he may be a good trader and i could learn AND make money at the same time.
i blame no-one but myself but hope that anyone that is considering using this man's services ask themselves if they truly believe he is the answer to their prayers.
with that being said i understand that he has a family to provide for and will do all that it takes to make sure they are well looked after....i would do the same but i honestly couldn't live with myself if it meant praying on others hope, thinking that my unscrupulous dealings could effect their financial futures and that of their families.
there are a lot of "snake oil salesmen out there and i'm afraid to say this man is definately one of them.
YOU'VE BEEN WARNED!!!!!
hitwyzard, thanks for the Oscar update and warning.
Sorry to hear about your bad experience, but experienced futures traders knew Oscar was a snake oil salesman right from the start. Futures trading and snake oil salesmen are a well known combination.
You have to do your own work and develop your own strategy to succeed in the trading business. If Oscar was any good he wouldn't have to sell anything to anyone because he would be too busy making money trading his own account.
Sorry to hear about your bad experience, but experienced futures traders knew Oscar was a snake oil salesman right from the start. Futures trading and snake oil salesmen are a well known combination.
You have to do your own work and develop your own strategy to succeed in the trading business. If Oscar was any good he wouldn't have to sell anything to anyone because he would be too busy making money trading his own account.
hi jeb9999,
you are absolutely correct in finding a strategy that suits you. i guess maybe i'm a slow learner and too trusting for my own good at times but at least i hope some people read my comments and look a bit deeper into oscar and what he is really giving before they part with their hard earned money.
i posted a comment on his youtube site yesterday after another of his trades was stopped out again and was not suprised to find he had removed it yet again.
if he had nothing to hide he would allow other peoples comments to be viewed and people could make up their own minds.
it says a lot when his "tech wizard" bob admits that he doesn't trade at all. this is a man that works day in day out with oscar and has first hand experience and knowledge of oscar's trading record. to my mind if oscar was any good bob would at least trade if only at a very small level to supplement his income.
why doesn't he then?
let's see how his euro trade works out,,, he's called for a short @1.5800 level with stops nearly 80 ticks away.
now to me just blindly looking at a chart on his website he's selling at support and it is already about 40 points higher than his entry level.
he is risking @80 ticks witha target of @120/130 ticks profit objective but anyone who has dealt with oscar knows his profit targets are very rarely if ever achieved so i would imagine his target will be 1.5750 ish area.
risk 80: reward 50....... hmmmm you do the math!
too many of those and all of his cronies will be broke before they realise his scam.
i hope for their sake he gets lucky today...and i mean lucky because it certainly isn't skill!!
you are absolutely correct in finding a strategy that suits you. i guess maybe i'm a slow learner and too trusting for my own good at times but at least i hope some people read my comments and look a bit deeper into oscar and what he is really giving before they part with their hard earned money.
i posted a comment on his youtube site yesterday after another of his trades was stopped out again and was not suprised to find he had removed it yet again.
if he had nothing to hide he would allow other peoples comments to be viewed and people could make up their own minds.
it says a lot when his "tech wizard" bob admits that he doesn't trade at all. this is a man that works day in day out with oscar and has first hand experience and knowledge of oscar's trading record. to my mind if oscar was any good bob would at least trade if only at a very small level to supplement his income.
why doesn't he then?
let's see how his euro trade works out,,, he's called for a short @1.5800 level with stops nearly 80 ticks away.
now to me just blindly looking at a chart on his website he's selling at support and it is already about 40 points higher than his entry level.
he is risking @80 ticks witha target of @120/130 ticks profit objective but anyone who has dealt with oscar knows his profit targets are very rarely if ever achieved so i would imagine his target will be 1.5750 ish area.
risk 80: reward 50....... hmmmm you do the math!
too many of those and all of his cronies will be broke before they realise his scam.
i hope for their sake he gets lucky today...and i mean lucky because it certainly isn't skill!!
Quote from hitwyzard:
hi jeb9999,
you are absolutely correct in finding a strategy that suits you. i guess maybe i'm a slow learner and too trusting for my own good at times but at least i hope some people read my comments and look a bit deeper into oscar and what he is really giving before they part with their hard earned money.
i posted a comment on his youtube site yesterday after another of his trades was stopped out again and was not suprised to find he had removed it yet again.
if he had nothing to hide he would allow other peoples comments to be viewed and people could make up their own minds.
it says a lot when his "tech wizard" bob admits that he doesn't trade at all. this is a man that works day in day out with oscar and has first hand experience and knowledge of oscar's trading record. to my mind if oscar was any good bob would at least trade if only at a very small level to supplement his income.
why doesn't he then?
let's see how his euro trade works out,,, he's called for a short @1.5800 level with stops nearly 80 ticks away.
now to me just blindly looking at a chart on his website he's selling at support and it is already about 40 points higher than his entry level.
he is risking @80 ticks witha target of @120/130 ticks profit objective but anyone who has dealt with oscar knows his profit targets are very rarely if ever achieved so i would imagine his target will be 1.5750 ish area.
risk 80: reward 50....... hmmmm you do the math!
too many of those and all of his cronies will be broke before they realise his scam.
i hope for their sake he gets lucky today...and i mean lucky because it certainly isn't skill!!
I posted some negative comments about his site and trading methods last year. He kept removing such things and said something about people with bad attitudes.