In some ways I like it when people disagree with me - it makes me do more research and check my 'facts'/'theories' and sometimes it educates me. - But not this time!
I had a fairly long exchange with this guy in another thread about whether the Steve Mauro BTMM approach works.He said yes it does, I said that it didn't work for me or for the vast majority of his students. Here is his last reposte with my comments in Blue as usual. Some people are just impossible to help:
"I will not stretch this as it is streched enough. No you are wrong. I do not agree what you say. I am not wrong. This does not come from me, but from economists and other financial analysts. It's how economy runs. You need to go and learn a lot more about economy." -This was his response when I suggested that the economy is more complicated than merely Supply and Demand. So he is saying that he knows economists who ignore Economic policy, Central Bank interest Rate policy, Trade Agreements, Economic News etc. Incredible !
I do not care what Steve (Mauro) knew, it has nothing to do with me. I do not apply his strategy, even though it does work, ...
This in response to a report from an Beat The MarketMaker student who first encountered Steve Mauro when Steve briefly taught at an OTA center and told the students to put the course manual in the trash on the first day. (Note that OTA is a large company and has physical centers in many places, including in St. Albans in the UK which is just a few miles from me and which I have visited).
.... but i use supply/demand strategy where the order flow are accumulating. No you are wrong on how supply/demand works. Has nothing to do with sentiment. Totally wrong there. Supply/demand is the best way to trade especially for retail traders. - Here he is saying that that Market Makers don't adjust their liquidity in order to avoid being on the wrong side of a trade when a new trend starts (they are tipped off by large commercial orders). And that the big Commercials don't try to move price so they can take out others Stop Losses in a Stop Run, in order to take the other side of those trades and thus build large size at a good average price, and that they don't position based on a Forecast of n upcoming News Event.
Steve Mauro was never instructor at OTA, if he claims he was, he is lying. - How could he possibly know ?
Sam Seiden is instructor at OTA, but he does put videos on youtube through the FXStreet. - Correct, but Sam Seiden although a Senior instructor, isn't the only instructor at a company which has many locations across the USA and internationally. I met several instructors, though not Sam Seiden, at their St Albans center.
But Sam did not invent supply/demand strategy. It was around way before him. Of course Steve is going to say that, he is selling his own course, he does not want new students learning about supply/demand strategy that works great. He wants to prove his MM strategy. -So here he is claiming that a 'system' (BTMM) which he says works (though unlike me, he has never taken the course) has no merit ! (!?)
As for volume, absolutely has nothing to do with forex, especially when you are retail trader, it will not help at all. The chart is the way to go, that is where data is and everything else gets data from the charts, that being said indicator. - There have been many serious studies into Volume comparisons between SpotFX and Currency Futures, going back to the early years of this century.
All have shown that it is highly correlated.
Here is a link to a recent one:
https://algostrats.com/blog/2017/03/...-in-forex.html
I am speaking from experience when it comes to supply/demand strategy. I am very successful at it, and I would recommend to anyone. - OK, perhaps this is true (for him)!
As for Ray, from what i see on his videos, just another educator. - For some reason he didn't view the 2 videos I suggested (which are each only around 6 min long). He preferred to form his opinion from some charts he saw posted.
https://www.compassproptraders.com/blog/
2 short videos which show how different he is include : 01-08-19 Market Snippet - Global Investments: showing one way that currency pairs and global investments are valued. (There are 2 other major ways of determining 'Value' for a currency pair).
and 01-02-19 Snippet Value: Where he shows the concepts of Guaranteed Premiums (to Sell) and Guaranteed Discounts (to buy).
Jay M, Mike R. all those fake people with fake names, that is all BS talk nothing else. - They are 2 of the ex-Bank traders who have attended at least 2 of Ray's courses!
Well for some strange reason, Mike sent me his CV when he was just starting Ray's course last August. I just covered over his name and contact details for his privacy.
Also you said why would someone comeback to Ray for 5 years? - Yes, that is 'Mr, Carlsberg' - possibly the best retail trader in the world! Who has recently has 2 consecutive days of over +50% profits.
Very simple answer, Ray's trading strategy is BS and the student that keeps coming back to him for 5 years and spending money on nonsense, can't seem to figure out that Ray's strategy does not work. Problem solved. That's it. Either way I am leaving this page, as there is nothing going on. Trade safe. - So a trading course instructor who happens to be probably the best retail trader in the world is failing at understanding a BS strategy, so he keeps going back for 5 whole years?????
I had a fairly long exchange with this guy in another thread about whether the Steve Mauro BTMM approach works.He said yes it does, I said that it didn't work for me or for the vast majority of his students. Here is his last reposte with my comments in Blue as usual. Some people are just impossible to help:
"I will not stretch this as it is streched enough. No you are wrong. I do not agree what you say. I am not wrong. This does not come from me, but from economists and other financial analysts. It's how economy runs. You need to go and learn a lot more about economy." -This was his response when I suggested that the economy is more complicated than merely Supply and Demand. So he is saying that he knows economists who ignore Economic policy, Central Bank interest Rate policy, Trade Agreements, Economic News etc. Incredible !
I do not care what Steve (Mauro) knew, it has nothing to do with me. I do not apply his strategy, even though it does work, ...
This in response to a report from an Beat The MarketMaker student who first encountered Steve Mauro when Steve briefly taught at an OTA center and told the students to put the course manual in the trash on the first day. (Note that OTA is a large company and has physical centers in many places, including in St. Albans in the UK which is just a few miles from me and which I have visited).
.... but i use supply/demand strategy where the order flow are accumulating. No you are wrong on how supply/demand works. Has nothing to do with sentiment. Totally wrong there. Supply/demand is the best way to trade especially for retail traders. - Here he is saying that that Market Makers don't adjust their liquidity in order to avoid being on the wrong side of a trade when a new trend starts (they are tipped off by large commercial orders). And that the big Commercials don't try to move price so they can take out others Stop Losses in a Stop Run, in order to take the other side of those trades and thus build large size at a good average price, and that they don't position based on a Forecast of n upcoming News Event.
Steve Mauro was never instructor at OTA, if he claims he was, he is lying. - How could he possibly know ?
Sam Seiden is instructor at OTA, but he does put videos on youtube through the FXStreet. - Correct, but Sam Seiden although a Senior instructor, isn't the only instructor at a company which has many locations across the USA and internationally. I met several instructors, though not Sam Seiden, at their St Albans center.
But Sam did not invent supply/demand strategy. It was around way before him. Of course Steve is going to say that, he is selling his own course, he does not want new students learning about supply/demand strategy that works great. He wants to prove his MM strategy. -So here he is claiming that a 'system' (BTMM) which he says works (though unlike me, he has never taken the course) has no merit ! (!?)
As for volume, absolutely has nothing to do with forex, especially when you are retail trader, it will not help at all. The chart is the way to go, that is where data is and everything else gets data from the charts, that being said indicator. - There have been many serious studies into Volume comparisons between SpotFX and Currency Futures, going back to the early years of this century.
All have shown that it is highly correlated.
Here is a link to a recent one:
https://algostrats.com/blog/2017/03/...-in-forex.html
I am speaking from experience when it comes to supply/demand strategy. I am very successful at it, and I would recommend to anyone. - OK, perhaps this is true (for him)!
As for Ray, from what i see on his videos, just another educator. - For some reason he didn't view the 2 videos I suggested (which are each only around 6 min long). He preferred to form his opinion from some charts he saw posted.
https://www.compassproptraders.com/blog/
2 short videos which show how different he is include : 01-08-19 Market Snippet - Global Investments: showing one way that currency pairs and global investments are valued. (There are 2 other major ways of determining 'Value' for a currency pair).
and 01-02-19 Snippet Value: Where he shows the concepts of Guaranteed Premiums (to Sell) and Guaranteed Discounts (to buy).
Jay M, Mike R. all those fake people with fake names, that is all BS talk nothing else. - They are 2 of the ex-Bank traders who have attended at least 2 of Ray's courses!
Well for some strange reason, Mike sent me his CV when he was just starting Ray's course last August. I just covered over his name and contact details for his privacy.
Also you said why would someone comeback to Ray for 5 years? - Yes, that is 'Mr, Carlsberg' - possibly the best retail trader in the world! Who has recently has 2 consecutive days of over +50% profits.
Very simple answer, Ray's trading strategy is BS and the student that keeps coming back to him for 5 years and spending money on nonsense, can't seem to figure out that Ray's strategy does not work. Problem solved. That's it. Either way I am leaving this page, as there is nothing going on. Trade safe. - So a trading course instructor who happens to be probably the best retail trader in the world is failing at understanding a BS strategy, so he keeps going back for 5 whole years?????
