forexmaniac84 Posted May 15, 2013 Report Share Posted May 15, 2013 Anyone has experience with TradeMagnet live trading room? http://www.tradingmagnet.com/ The room is run by a graduating student ( Kai Whitney)from Simon at fxfutures.ca.They seem to use volume profile and the footprint very well? Quote Link to comment Share on other sites More sharing options...
tradernate Posted May 15, 2013 Author Report Share Posted May 15, 2013 If you can find someone who can teach and has fair price indi's....volume and market profile is a great way to validate what indicators are saying. The key really is S/R price levels...vol. at those levels....and divergence in the indicators. Best to have 4 reasons to take a trade....that is shown over and over again to have a >50% probability, when you R/R is in line with your style and account size. At least everyone should get No BS trading to see RT order flow as a good start. Anyone has experience with TradeMagnet live trading room? http://www.tradingmagnet.com/ The room is run by a graduating student ( Kai Whitney)from Simon at fxfutures.ca.They seem to use volume profile and the footprint very well? Quote Link to comment Share on other sites More sharing options...
tradernate Posted May 19, 2013 Author Report Share Posted May 19, 2013 Someone just mentioned to me if I knew anything about a NT trading room called FuturesWizard....I know nothing...can anyone help http://www.youtube.com/watch?v=coNtnvO_BVo youtube Here is the main site: hxxp://www.futureswizards.com/ Quote Link to comment Share on other sites More sharing options...
futurestrader Posted June 28, 2013 Report Share Posted June 28, 2013 (edited) Become A Better Trader review, $999 a quarter I really feel obligated to write this review in light of the traders out there that may loose a ton of money following robs trades and/or get an extremely skewed view of Rob's live trading room. I will describe my current experience in his room (that will end in one month), post a picture of his risk/reward, and list several cons, and pros. I was shocked when I came to this website and saw that all the way back to 2009 people were still saying the same exact thing as I am now. Though the current situation seems worse. Like the others say, he is a great guy, nice guy, feels like he cares about you guy. Turns out he isn't SO much different than the rest, though he is a bit different. This may be a bit long, but only because I want it to be detailed and hopefully I can really help some people from falling into the trap he creates. If you still want to learn it, that is up to you but I just want you to know what it is especially if you are trading on a small account and are really taking a risk joining his service. (this paragraph was referring to reviews i read on trade2win & investimonials websites from years ago) Have you ever heard the expression "putting 100 on 10"? Well that describes Rob in one statement. I will go ahead in full disclosure and say his information is definitely good stuff. BUT, his information and his "live trading" room are two totally different things. He will typically put out a "deal" for $799 a quarter giving out all of his video courses with setups, trend following, and various rules to abide by that he made several years ago. If you really are interested in learning his stuff, do that. DO NOT just buy a quarter for the room at the price of $999 or even $799 if he ever lowers it, it is not worth it. And DO NOT EVER follow his trades or even trade remotely close to how he does. His psychology is completely trashed because of his winning trade mentality. Now, this is a typical day in the room. The room is only 2 hours and 45 minutes to begin with. For the first hour everyday we go over things that everyone can clearly see on the charts like his moving average support & resistance or key levels, this would take any person that actually was trying to trade 5-10 minutes. Then during the second hour Rob may randomly pick out a trade that most of us have no idea why he is taking and he scalps 2 or 3 ticks out of it. Then after that trade is done we spend the rest of the day listening to him talk about why he isn't trading and why he took that trade for 2 ticks. I know why he does this, its because he is extremely scared of loosing a trade. As you can see in the other comments, its because he will keep adding to a trade until he can get out for 1 tick profit. His psychology is so screwed up he cant handle taking a loss, and instead he only takes losses when he is forced to while he is down $10-$15k. The reason he can't handle taking a loss is because he wants to "wow" people by saying he has done 8-9-10 months or whatever without losses. He will also pick a market direction and we will all sit and watch the market go in that direction and he will sit there and talk about how right he was. Like I said, he has good information but he just cant trade it for the life of him. Whatever the reason may be, whether its that he relies on sub fees or his psychology is shot out the window or he is so worried about what people will think of him if he takes of loss, that is just how it is. He will often talk about how these $50-$100 profits adding up over time. This is assuming you never loose money. Just understand that he is scared to hold for more than 5 minutes so he will try to talk you into doing the same thing, don't fall for it or you will never grow your account. Also I would like to add that he bases everything off of his indicators. Literally every setup and every trade. Why do you think that is? So you will pay the $2000 for them. Well I am here to tell you right now you dont need to do that. Those indicators are nothing special and they are not even his to sell. That is all Im going to say about that besides do not buy them, one day you will be very very pissed off that you did and trust me, I am very glad I didnt. This is a perfect example of Rob. Lately he had someone over to his house (one of his "long term" students) and he treats them a lot better than regular subscribers. So apparently they were taking some "large lot" trades and had a great afternoon Monday after the room closed. So we spend the entire rest of the week hearing about how great that one afternoon was and why we weren't trading because the conditions weren't like that one afternoon. He will bring up anything he possibly can to get out of taking trades. Now onto the free videos released every night. When Rob says something like "well that trade only gave us 70 ticks today" he means he used 20 contracts and made 3 ticks. That is putting 100 on 10. He is also trying to downplay those "70 ticks" so its sounds like we rode out the market and ONLY made 70 ticks on the trade like we usually ride it for 150 or something. When he talks about "great trading" or "extremely profitable trading" or "successful profits" he means he made 2-5 ticks on the day. He will never put up his DOM because then you will see he is full of it. Why do you think he picks random days/videos to show his DOM with some profits on it? You may ask, why he is sponsored by NADEX, CME, infinity futures, trade-station, and other prestigious institutions? Its because he makes tons of money on subscribers. He has lots of influence over lots of people. They don't care if he trades or his members trade or if anyone makes money. They care about their incentive to sponsor him. His trading competitions. He claims that he is a domestic & international trading champion. Well, that may be true. But, its the competitions that he enters into is the question. See here we go with the putting 100 on 10 thing again. The competitions he enters are things like the money show, traders expo, some thing in Paris he goes to every year. The people he is trading against are a bunch of scammers. Of course he is going to win, he uses massive size on 3 tick trades. If he entered into the World Cup of Futures trading I don't think the outcome would be the same. International? What about the Singapore Futures Trading Competition? I mean anything that is well known and prestigious. He claims that he will teach you all his strategies that he uses to win the competitions. That is not true. Like I said earlier, he treats his long term students with priority over new traders (that need his help the most by the way). Even with them I doubt he lets out the key information that allows him to take the trades he does, but maybe he does. I don't know, I'm not one of them obviously. Now for the dangerous part, his risk reward and lack of informing new comers of his dangerous trading habits in light of not wanting to take a loosing trade when he should be cutting it loose. This was my experience. I come to the room, first week I feel around, second week I get comfortable and start taking the trades with him. I made about 6 ticks per contract (more than he did) on the first few trades. Then about a week later, he took a trade with one contract. Price shot down against us and he added 5 contracts. I cut the trade, it didn't do what we expected so I cut it. Turns out that was the right thing to do because before I knew it he was in 30 contracts and down $12k. Remember he would have trailed the stop right behind and got stopped for 2 or 3 ticks had it gone his way. I was like wow, well OK he will probably make it back since we have been talking about larger trades coming. Never happened. We just forgot about the massive loss and moved right along taking 4 tick trades. Obviously after that I never followed a trade of his again. Which also proved to be the right move because a few weeks later he did it AGAIN! This picture is the SECOND time in a month this happened: http://tinypic.com/r/2ztbwxc/5 You can see the "great trading" he was doing before that netting a profit of $30. So I really do hope you take all of this into consideration, and at the very least understand that he is a marketeer just like any other salesman. I do believe he has better information than most but he WILL twist words around to make himself sound a lot better than he is, he WILL bend the past to make it sound better than it was, and he WILL take your money and try to convince you that you need to stay for the long term. 100 on 10, remember that. If this helped or you have a question, Id be glad to answer just hit reply. I have posted this on several website trying to get the word out. Edited June 28, 2013 by futurestrader adirasta, ⭐ osijek1289, Traderbeauty and 3 others 6 Quote Link to comment Share on other sites More sharing options...
⭐ AndyS Posted June 28, 2013 Report Share Posted June 28, 2013 Didn't he lose $300,000 in a couple of hours a year ago? He was long few hundred TF contracts when the markets were dropping, and kept adding until the risk manger was forces to liquidate all of his longs. I was not there, but the story was all over the net. A Quote Link to comment Share on other sites More sharing options...
Gladiator858 Posted June 29, 2013 Report Share Posted June 29, 2013 I recently subscribed to Market Delta trading room www.marketdelta.com/products/tradingroom for $99/month. He teaches order flow on ES using 4 P&F bars and broadcast's live trades, which can be followed in real time. Combining his methodology with my trading style (Volume profile levels, VWAP, Demand/Supply zones) has given me more confidence to execute the trades or stay out with confidence. IMHO anyway. They frequently offer 2 day free trial and webinars and I will post them here. forexmaniac84, windo, Watson Leung and 3 others 6 Quote Link to comment Share on other sites More sharing options...
windo Posted June 29, 2013 Report Share Posted June 29, 2013 (edited) ...................................... Edited August 19, 2013 by windo Quote Link to comment Share on other sites More sharing options...
⭐ stingrayzz Posted October 9, 2013 Report Share Posted October 9, 2013 Does anyone have experience with this room http://tradershark.com/ and trading strategies? Cheers Quote Link to comment Share on other sites More sharing options...
forexmaniac84 Posted January 14, 2014 Report Share Posted January 14, 2014 Any live trading rooms that call REAL live profitable trades in front of you in a consistent basis nowadays guys? I trade CL,GC and 6E.Pretty hardcto find REAL profitable traders to learn from these days Quote Link to comment Share on other sites More sharing options...
forexmaniac84 Posted January 14, 2014 Report Share Posted January 14, 2014 Does anyone have experience with this room http://tradershark.com/ and trading strategies? Cheers I also wanna know reviews on this room.It looks real and good to me and is recommended by many sources Quote Link to comment Share on other sites More sharing options...
forexmaniac84 Posted January 14, 2014 Report Share Posted January 14, 2014 Anyone has experience with ChartskyTrades live trading room? http://www.chartsky.com/trading-room/ plm66 1 Quote Link to comment Share on other sites More sharing options...
yamantaka Posted January 14, 2014 Report Share Posted January 14, 2014 Does anyone have experience with this room http://tradershark.com/ and trading strategies? Cheers I do. It is a solid room and the moderator is the real deal. I'm not enamored with indicators, but he has a method that works. Quote Link to comment Share on other sites More sharing options...
elgaza Posted January 14, 2014 Report Share Posted January 14, 2014 guys wouldn't you want to learn it yourself instead of relying on someone else? Quote Link to comment Share on other sites More sharing options...
yamantaka Posted January 14, 2014 Report Share Posted January 14, 2014 guys wouldn't you want to learn it yourself instead of relying on someone else? Most of the good rooms do teach the method. TraderShark certainly does. Quote Link to comment Share on other sites More sharing options...
elgaza Posted January 14, 2014 Report Share Posted January 14, 2014 OK if you are really looking for a good room these are the condition you need from the moderator to provide in order to even consider it a good room 1: showing his DOM all the time 2: giving you enough explanation as to why he took the trade where he did 3: MUST show his daily results in his platform not just by his words 4: a log that you could see his work on previous days I know only of one room that provides all that. Quote Link to comment Share on other sites More sharing options...
forexmaniac84 Posted January 14, 2014 Report Share Posted January 14, 2014 I do. It is a solid room and the moderator is the real deal. I'm not enamored with indicators, but he has a method that works. Do we need to buy the indicators to understand and follow his live trades? He focus primarily on ES? Does he call out live trade for 6E or other markets? Do you have his manuals? i trade only 6E so I am not sure his manuals and room are helpful for me? Quote Link to comment Share on other sites More sharing options...
Jeck Posted January 14, 2014 Report Share Posted January 14, 2014 See this link http://www.tesseracttrading.com/#!who/c4nz for a review of most of the rooms by Dean A Handley, PhD, MBA, JD He recommends some of the rooms that he reviews. ⭐ stocktrader78 1 Quote Link to comment Share on other sites More sharing options...
⭐ flipper26 Posted January 14, 2014 Report Share Posted January 14, 2014 See this link http://www.tesseracttrading.com/#!who/c4nz for a review of most of the rooms by Dean A Handley, PhD, MBA, JD He recommends some of the rooms that he reviews. He is a partner in tesseract. Be careful with any of his recommendations. Do your own due diligence. tradernate 1 Quote Link to comment Share on other sites More sharing options...
yamantaka Posted January 14, 2014 Report Share Posted January 14, 2014 Do we need to buy the indicators to understand and follow his live trades? He focus primarily on ES? Does he call out live trade for 6E or other markets? Do you have his manuals? i trade only 6E so I am not sure his manuals and room are helpful for me? He calls ES and 6E. The manuals are very inexpensive and I don't believe you'll need to buy his indicators but it's probably a good idea if your interested in seeing the trades as he does. Your not going to find many rooms trading 6E that are consistently profitable. Quote Link to comment Share on other sites More sharing options...
yamantaka Posted January 14, 2014 Report Share Posted January 14, 2014 He is a partner in tesseract. Be careful with any of his recommendations. Do your own due diligence. False. Handley is a paid consultant, not partner to Tesseract. You should do your due diligence, too. Quote Link to comment Share on other sites More sharing options...
yamantaka Posted January 14, 2014 Report Share Posted January 14, 2014 (edited) OK if you are really looking for a good room these are the condition you need from the moderator to provide in order to even consider it a good room 1: showing his DOM all the time 2: giving you enough explanation as to why he took the trade where he did 3: MUST show his daily results in his platform not just by his words 4: a log that you could see his work on previous days I know only of one room that provides all that. And whom might that be? Not TraderMakers I hope. His results are not achievable nor realistic because he gets instant fills in SIM and fails to include slippage and commission. Edited January 14, 2014 by yamantaka Quote Link to comment Share on other sites More sharing options...
leo1177 Posted January 14, 2014 Report Share Posted January 14, 2014 PFA, Will Busby is a great teacher! Quote Link to comment Share on other sites More sharing options...
⭐ flipper26 Posted January 14, 2014 Report Share Posted January 14, 2014 False. Handley is a paid consultant, not partner to Tesseract. You should do your due diligence, too. Suggest you look into it a little further yamantaka. He is a partner. Quote Link to comment Share on other sites More sharing options...
yamantaka Posted January 14, 2014 Report Share Posted January 14, 2014 Suggest you look into it a little further yamantaka. He is a partner. Since you're so sure of yourself, tell how you came into this information and how you know it to be true. If what you claim is true, then Handley is lying about his relationship with Tesseract in the footnotes of his paper that is published in the last issue of Future Truth. Quote Link to comment Share on other sites More sharing options...
⭐ flipper26 Posted January 14, 2014 Report Share Posted January 14, 2014 Since you're so sure of yourself, tell how you came into this information and how you know it to be true. If what you claim is true, then Handley is lying about his relationship with Tesseract in the footnotes of his paper that is published in the last issue of Future Truth. PM me if you want more details. You can also do some more investigation yourself. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.