[REQ] OTG Swing Indicator

Hey guys,

 

I took a trial with oiltradinggroup.com today.

 

I saw them using OTG Swing indicator mostly, which looked quite an innovative tool & worth a try. Looked to me like a leading momentum indicator. Now it costs you $1500 with no free trial.

 

http://www.tradingoilgroup.com/training/training-videos/otg-swing-indicator-set-u/

 

So if anyone has it, would be nice if you could share it here.

 

Thank You!!

Hey guys,

 

I took a trial with oiltradinggroup.com today.

 

I saw them using OTG Swing indicator mostly, which looked quite an innovative tool & worth a try. Looked to me like a leading momentum indicator. Now it costs you $1500 with no free trial.

 

http://www.tradingoilgroup.com/training/training-videos/otg-swing-indicator-set-u/

 

So if anyone has it, would be nice if you could share it here.

 

Thank You!!

 

I shared it sometime ago and it was educated. Please go through the forum and find it. I just re-built my system and won't have access to backup files for a week. Let me know if you couldn't find it and I'll re-up.

In case anyone can't find it...

 

https://www.sendspace.com/file/c7wpfx

 

PS: I don't remember the original provider, but you should thank Gladiator858 for the share. :)

Edited August 21, 2014 by thaomoua

anyone has experience with OTG trading room and membership can give reviews or comments? They seem to do pretry well with CL? what s their methodology? They seem to have London and New York room running currently. Thanks

anyone has experience with OTG trading room and membership can give reviews or comments? They seem to do pretry well with CL? what s their methodology? They seem to have London and New York room running currently. Thanks

 

I wouldn't say they are a classic case of charlatans, they do know what they are doing, but their performance are hyped up after markets. When dealing with markets everyone tends to bend facts to make it fit into their claims which they made earlier. There is lot of backward rationalization going on their squawk, "this happened because of so & so reason and bla bla".

 

I have taken 5 trials (each of 2 days) with them, just out of my boredom during market hours. Everytime they take 2 or 3 trades per day, with an average of 3 to 4 tick target. When asked, they will surely deny that they scalp. Instead the main guy "Jason" would start talking about the big picture.

 

When asked about market structure, these guys were biting their nails. He explained me the concept of overnight inventory, long liquidation & one time framing auction all with his "Price action Swing theory". Don't know if i should appreciate his originality or laugh at his ignorance. It completely made no sense to me though. If it was so easy to understand markets, shouldn't we all be rich by now. Dalton puts it into perspective "Complexity creates opportunity".

 

Yesterday he took 1 trade on CL which was stopped out & one trade on ES which gave 4 ticks. Although after market performance was shown as 12 ticks gain on ES.

 

Moreover, it was a short call on ES, i almost fell off my chair when i heard it, we had broken overnight high, IB high, yesterday high, last month VWAP, value area & POC kept migrating higher, repeated thick prints at the offer, Cumm. delta rising, volume kept adding on the bracket high & every timeframe was bullish. No wonder, ES broke down 5 tick to finally turn around & make an all time high. Is this the kind of big picture these guys have? He made everyone short in the hole & was just lucky enough to find the vacuum which got him the 4 tick target.

 

Summary is, i havent seen anything worthy in these people. Others may disagree to me, but if trading was only easy as Fibs and price actions and synthetic levels thrown on a chart, then i would have already been filthy rich by now. I am not convinced with one good reason to join any trading room so far. I can do far quality research by myself. :)

Ok for OTG-First-Thirty and OTG-Swing. Error when importing OTG-Range.

I wouldn't say they are a classic case of charlatans, they do know what they are doing, but their performance are hyped up after markets. When dealing with markets everyone tends to bend facts to make it fit into their claims which they made earlier. There is lot of backward rationalization going on their squawk, "this happened because of so & so reason and bla bla".

 

I have taken 5 trials (each of 2 days) with them, just out of my boredom during market hours. Everytime they take 2 or 3 trades per day, with an average of 3 to 4 tick target. When asked, they will surely deny that they scalp. Instead the main guy "Jason" would start talking about the big picture.

 

When asked about market structure, these guys were biting their nails. He explained me the concept of overnight inventory, long liquidation & one time framing auction all with his "Price action Swing theory". Don't know if i should appreciate his originality or laugh at his ignorance. It completely made no sense to me though. If it was so easy to understand markets, shouldn't we all be rich by now. Dalton puts it into perspective "Complexity creates opportunity".

 

Yesterday he took 1 trade on CL which was stopped out & one trade on ES which gave 4 ticks. Although after market performance was shown as 12 ticks gain on ES.

 

Moreover, it was a short call on ES, i almost fell off my chair when i heard it, we had broken overnight high, IB high, yesterday high, last month VWAP, value area & POC kept migrating higher, repeated thick prints at the offer, Cumm. delta rising, volume kept adding on the bracket high & every timeframe was bullish. No wonder, ES broke down 5 tick to finally turn around & make an all time high. Is this the kind of big picture these guys have? He made everyone short in the hole & was just lucky enough to find the vacuum which got him the 4 tick target.

 

Summary is, i havent seen anything worthy in these people. Others may disagree to me, but if trading was only easy as Fibs and price actions and synthetic levels thrown on a chart, then i would have already been filthy rich by now. I am not convinced with one good reason to join any trading room so far. I can do far quality research by myself. :)

After reading this, I don't understand why you say "they do know what they are doing." Please explain.

Ok for OTG-First-Thirty and OTG-Swing. Error when importing OTG-Range.

 

I haven't tried any of these indi so I'm not sure which one worked and which one doesn't. :(

@ Spectral Analyst

I was also in the trading room today and I can only say you are right...and I agree with your comments. thanks.

After reading this, I don't understand why you say "they do know what they are doing." Please explain.

 

There was a bit pun intended there. They know how to keep their clients on the hook. The sales guy "Dave" will keep nudging you to sign up as a member & the way they conduct the whole room can easily trap any naive participant.

Solicitation not allowed in the forum Edited October 27, 2014 by Traderbeauty

I wanted to share a trading room which i have been observing for a while now, quite honest people & quality analysis.

...

 

Looks really impressive and professional.

Why I have an impression all the tools, they are using, look also familiar? Maybe it's just a coincidence...

{a.c.m.e, f.i.n-a.l.g, o.f.a, l.o.g.i.c w.a.n.d}:-?

Edited August 27, 2014 by admis

look also familiar?

 

+1

 

maybe there're II members

 

admis are you one of that guys :)) :)) :P

haha i noted that too, the guy also uses some cycle indicators on eSignal platform & a few spreadsheet scanners, which he doesn't show in the room. Says its his proprietary stuff where he gets all his edge from.

 

As long as its makin him money, i dont care which tools he uses.

...

 

admis are you one of that guys :)) :)) :P

Yeah, for sure...;)

...

As long as its makin him money, i dont care which tools he uses.

Maybe just some royalties? 8-)

Maybe just some royalties? 8-)

 

=)) I trade for myself.

Spectral-

Thanks for sharing with us- in trading anything that can help us make a decision is valuable and its always good to know others views of the market in real time.

 

Few questions though-

 

Do they call the entries AHEAD OF TIME or just yell go in right now ?

Do they enter limit or market ?

What are their stops ?

How did they fare in the last few days with the market just chopping around ; low volume and volatility ?

All the above for the ES only please.

Thanks

Jane

Edited August 27, 2014 by Traderbeauty

Solicitation not allowed in the forum Edited October 27, 2014 by Traderbeauty

Thanks Spectral-

We value your sharing and opinion.

Please continue your feedback.

Jane

Can i ask you how did you find this live trade room?Their website is registered on 22nd of august Edited October 27, 2014 by Traderbeauty

At $1500/3 months, the service is very expensive and the track record is good but very short. I'd wait another 3 months to see how they do and wouldn't be surprised to see the fee come down because it's not competitive with other profitable rooms. Edited October 27, 2014 by Traderbeauty

i can swear it was $199 per month for the room- not sure but i think that is what i saw few days ago.

They claim to make between 10-20 ticks/trade and they trade 3 contracts at a clip. So, for illustration purposes, let's say the make an average of 15 ticks/trade or 5 ticks per contract. Granted, making money consistently is quite an accomplishment for any trader, but 6 ticks per contract is nothing to write home about; hell, I can do that or better without spending an additional $500/month to get it. Edited August 31, 2014 by yamantaka

Most rooms are $200+ per month

they say in their performance section that they update it every day after the close:

"Table below details the trades taken in our room. Trades are updated after the session close (15:30 CST). "

but it only shows results from 8-15 to 8-22 so last week is missing.

Yamantaka- i watched their videos and its impressive- they do make 10-20 ticks on the entire batch - meaning they start with 3 lots and scale out at 3 different levels so being fair- the 10-20 ticks are not a combined average on 3 lots but on all 3- so if they made 20 ticks its 10 on 1 lot, 15 on 2 and 20 on 1- not bad at all.