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Posted (edited)

Frankly I dunno about this fella. He doesn't really teach any trading methodology, just spouts lots of conspiracy theories and some vague mumbo jumbo he calls "codes".Probably the Alex Jones of trading?

David Burns also hates Fat Mike and BMT :))

Relevant links

 

https://www.bigmiketrading.com/vendors-product-reviews/18290-oil-trading-academy-www-oiltradingacademy-com-review-he-calls-big-mike-trading-scam.html

 

http://www.traderssuperstore.com/index.html

 

https://www.youtube.com/channel/UC6NSbmBNhkxyBWXJNT1a7ZA/videos

 

http://codetradingsystem.com/eminispwatchpage.htm

Edited by Darktrader
Posted
How can anyone except a neo-nazi give this psychopathic, meglomaniac any money?

 

@yamantaka's comment may sound harsh unless you have looked up this bloke David. The chap is clearly unhinged and as a result would be unreliable in my opinion. He has had other ventures about breaking code in poker, casino games, etc...who knows, maybe even dating?!

 

I attempted to sit in on his trading sessions in previous times and if "The Code" exists it is only in his mind as he is not able to clearly articulate what he is looking for as a trade setup. Perhaps the actual paid-for videos are different but after watching/reading him, I would doubt it. His previous youtube channels have been taken down where he has ongoing rants about the multiple conspiracies to shut him down. They were entertaining in a disturbing way.

 

Here is his latest screed...(before it is taken down)...

 

http://oiltradingacademytradesvideoblog.blogspot.com/

 

Cheers!

 

Mick

Posted
Out of curiosity I watched one of his Video and couldn't shut it down. It was a lonely day in office and it was really fun watching this guy bragging about him so much....I really can not believe that people fall to his scam....
Posted

My guess is that he is trading pivots (for example, in a downtrend he is waiting for an uptrend pivot). He enters in the breakout of the reversal candle.

 

BTW, another guy, Craig Harris, uses the same method for Forex. They both use it for Long / short with no filters

 

I did some backtesting for this method and it's a looser.

 

The probability gets better when entering with the direction of the existing trend.

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