M&W-Trading

One of the things that can boost profits with this strategy is scaling into positions. Can anyone shed some light as to what is the suggested approach as taught? There should be no problem discussing it as scaling methods are not proprietary to any single course.

Cheers

Hutch

Managed to find the answer. Apparently it's a kind of 'scaling down' technique (as I call it) where entries are made every few pips in diminishing lot sizes e.g. initial position may be 1 lot but subsequent positions added as 5,4,3,2,1 lot sizes at, say, 10 pip intervals.

That is a great observation. Nice way to see market vision.

PV

How can i be part of the skype room.. I want to be part of it.

Thanks in advace to all.

I'd like to be part of the skype room too.

please post or send me info


thanks

Hello Bstay2,

How you are you. Hope you are making great pips. I wanted to ask you if you could please still add your charts entries or posible entries. Have read most of the threads here have learn a lot with you guys.

Please keep up the great work.

PV

If anyone has a link to the Skype room mentioned could u PM me please or just post the link here. Cheers.

Hutch

Asked for it weeks ago still no reply

I too would be interested in checking out the skype room. Thanks

Pipanator,

I am doing MM system are you doing this too.

PV

yes I am.

did you contact the skype room person via PM?

yes

Hello everyone,

Wondering if anyone is doing this system live account. I am interested in getting a group toguether where we can share entries.

PM me if you are interested

Regards,

PV

I trade the M / W patterns when i see them.
I'd be interested in a group

here's my M/W trade for today during london, good for way more than 50 pips, but i'm happy with +50

Hello PCguy007,

Please keep posting your charts. I will really appreciate your work.

Anyone doing MM lets keep this thread going.

I'll try to post more charts when i have time but this thread seems to have died. The MW method is not good alone, you still need other things to confirm signals.

I'm planning on taking steve mauro MMM course after summer to get my trading profitable.

Hopefully you will re-consider that decision. The students are coaxed into paying a further $102.50/mth for Daily Market Review webinars if they continue to struggle with the method. And majority of them do struggle with the method and not finding success. The business of conducting the $102.50/mth webinars has grown to such an extent (fueled by surge of struggling students) that the 4 instructors no longer trade live, and now make a living earning the lucrative fees.

If the course is any good, then there won't be any students left behind and still struggling, and there won't be such high membership numbers for the additional Daily Market Review webinars. The fact that the $102.50/mth webinars were "designed" for struggling students, in a self-admitting way provided evidence that the $5,150 course is producing struggling students who then had to pay additional $102.50/mth to Kar/Ray/Kim/Jim for further lessons. Those who can pay, will pay more.

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Hi Zen,
I just received new information which I wanted to clarify with you. We know that DMR subscription is $102.50 per month, which is considered a "small" contribution compared to the additional 8-weeks curriculum being taught and daily 1hr webinars conducted before London open. However I was also told that this "small" contribution (works out to be $6.4/day, 4 times a week) is paid directly to the 4 student volunteers/presenters so each received $25 per month. Hence every month each DMR subscriber paid 4 x $25 = $100 + $2.50 (for PayPal fee) = $102.50 total.

Each of the 4 student volunteers/presenters now earns $25/mth from every subscriber. If there were 300 subscribers, then each volunteer/presenter earned 300 x $25 = $7,500 per month. If there were 500 subscribers, then each volunteer/presenter earned $12,500 per month. Based on current student membership of 1064, it is not unreasonable to assume 300-500 have signed up for DMR, since so many have expressed they are struggling with the method.

Given such lucrative compensation for their "volunteering" to help fellow students, do you think the 4 volunteers/presenters ought to trade LIVE cash accounts and show us their actual trading in real-time during market opening hours? All 4 presenters currently showed Demo accounts and explained past trades in Demo charts. Granted they do offer some teachings and genuine fresh knowledge shared, two of them, namely Ray and Kim, do not deserved to be paid this much money for the little effort they put into DMR. Kar and Jim are beginning to sound aloof and all-knowing, albeit after-the-fact chart discussion. Jim in particular took trades in both directions on demo accounts and then presented his teachings using only the winners, by dragging selective winning demo trades from the MT4 account history onto charts to show the arrows and dotted lines. This is not real trading at all. Kar and Kim and Ray had not taken or showed any personal trades the past few weeks, apparently they no longer need to trade to make money, they already well compensated from the DMR subscription fees.

Zen, given this corrupt situation, do you think the 4 student volunteers/presenters are paid too much that they are turning into full-time “educators” than fellow students and full-time traders? If they are no longer personally trading to make money, then they are milking fellow students $102.50/mth in fees that these struggling students cannot yet earn from trading. Do you think that for this huge compensation, they should show us how they can actually make money live real-time during market opening hours and trading from the hard-right-edge?

Thank You.
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Current membership is 1116 and it is not unreasonable to assume that 40% to 60% have signed up for the additional $102.50/mth webinars and further adds to the earnings of the 4 student instructors. Total gross revenue for Steve and Zen is 1116 x $5,150 = ????

After the 4-days course, Steve will arrange for new students to attend another 8-weeks Market Makers Method Bootcamp which is the same 4-days materials revisited in a slower weekly pace, conducted 2hrs every Sunday. If you are still struggling after 8-weeks, the cycle will repeat. Of course during the whole period you are encouraged to sign-up for the $102.50/mth Daily Market Review webinars if you are struggling. And if you are still struggling, attend the next 4-days class as free retake and next 8-weeks Bootcamp, and continue with the $102.50/mth subscription. Those who can pay, will pay more. The cycle will repeat.

There is a private student forum where all 1116 members gather. However, you will soon discover that you cannot edit your post, you cannot delete your own post, and any complaint or starting discussion about losses will immediately be deleted by Kanin (Zen's son). Because of the widespread discontent among existing struggling students, you will not be able to private message or forum email each other. You also cannot access the Members' List or see each others' forum profile so you can't Skype. The reason given is to protect the forum from external "hackers". So basically you are still on your own since you can't private message each other for mutual support (or spread negative emotions). All negative views and questioning of Steve's teachings are strictly forbidden and quickly deleted. Any discussion of indicators or systems other than Steve's are also deleted.

There Is something to be concerned here. Thanks for your post mmaker

A very well written post by MMaker.

At NO time will you see any sort of LIVE account information from anybody teaching/coaching within the MMM setup. There is no way to contact others who have paid their hard-earned cash for access to the MMM group, unless you had contact with them prior to Steve Mauro / Zen Alldredge removing that option from the forum.

You WILL see the occasional post from Mr Mauro suggesting he took a trade, but in reality, there is no proof that the MT4 screenshot ( carefully taken so that the account-size is hidden ) is genuine.

What better day for a lay-preacher to pontificate to his congregation for two hours, than a Sunday, which is what happens each week?

Not only is there no way to speak to anybody within the MMM franchise, but there are just too many unanswered questions with the MMM "methodology" to recommend it.