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  • #841
  • Jul 20, 2012 1:57am Jul 20, 2012 1:57am
Duffgen,

Do you think the DMR crew will ever trade live? Or even show their live accounts? And what's this Motion Flash Card thing with Jim and his "Upgrades". Why not trade live instead of feeding on DMR fees.
No longer trading forex. Looking for full time job.
  • #842
  • Jul 20, 2012 6:19am Jul 20, 2012 6:19am
Quoting mmaker
Duffgen,

Do you think the DMR crew will ever trade live? Or even show their live accounts? And what's this Motion Flash Card thing with Jim and his "Upgrades". Why not trade live instead of feeding on DMR fees.
You got a point, i wonder why they don't have a live trade room. my guess is they are crappy traders. it's really easy to show trades in hindsight.
  • #843
  • Edited 8:48am Jul 20, 2012 8:18am | Edited 8:48am
NY reversal trades, nice and easy to see.
I took EJ, EU and Uchf at 10:30 - 10:45am EST
the pairs had pushed past +80 pips and past the ADR, once they stopped and consolidated i was on it.

I'm only going to hold these for +20 on each since it's friday
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  • #844
  • Edited 1:25pm Jul 20, 2012 9:47am | Edited 1:25pm
Quoting pcguy007
You got a point, i wonder why they don't have a live trade room. my guess is they are crappy traders. it's really easy to show trades in hindsight.
Steve and his DMR team won't do it, because it's easier to teach after-the-fact and earn fees than to put their trades on the line in real live trading.
Attached Image(s) (click to enlarge)
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No longer trading forex. Looking for full time job.
  • #845
  • Jul 20, 2012 1:16pm Jul 20, 2012 1:16pm
Quoting mmaker
Steve and his DMR team won't do it, because it's easier to teach after-the-fact and earn fees than to put their trades on the line in real live trading.
I don't get why the struggling members aren't pissed and venting.
The live room needs to be done to help those who need to see the trades and levels live infront of them.
  • #846
  • Jul 20, 2012 1:19pm Jul 20, 2012 1:19pm
Final on the ny reversal trades
EJ +15
EU +25
Uchf +15

have a good weekend all
  • #847
  • Jul 20, 2012 1:33pm Jul 20, 2012 1:33pm
Quoting pcguy007
I don't get why the struggling members aren't pissed and venting.
The live room needs to be done to help those who need to see the trades and levels live infront of them.
What's even more unfortunate is that some of these struggling students are moving on to take Kevin Lowry's course and mentorship. Which meant they are paying AGAIN for education. The attraction was the 3 months mentorship with Kevin trading live over 3 sessions each day, something which Steve failed to heed students' request for past 2 years.

Both of these students' posts are most telling,
"After all many, if not most, of us haven't made any money trading since the day they signed up."
"I would also add that I am in the camp that has NOT made any money since I joined".
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cries for help 5.png Size: 28 KB
Click to Enlarge Name: cries for help 4.png Size: 15 KB
No longer trading forex. Looking for full time job.
  • #848
  • Jul 20, 2012 2:25pm Jul 20, 2012 2:25pm
Quoting mmaker
What's even more unfortunate is that some of these struggling students are moving on to take Kevin Lowry's course and mentorship. Which meant they are paying AGAIN for education. The attraction was the 3 months mentorship with Kevin trading live over 3 sessions each day, something which Steve failed to heed students' request for past 2 years.

Both of these students' posts are most telling,
"After all many, if not most, of us haven't made any money trading since the day they signed up."
"I would also add that I am in the camp that has NOT made...
Ya that's a bummer that steve can't get some support in place, kevin lowry seems to have the right idea with the live support.
I'd like to see him explain what is happening lately, there is no 3 steps and the market makes no sense.

I'm wondering if Zen was tired of helping and decided to venture out on his own, his service is another one with no live trading room support.
  • #849
  • Edited 10:19pm Jul 20, 2012 10:03pm | Edited 10:19pm
Quoting pcguy007
Ya that's a bummer that steve can't get some support in place, kevin lowry seems to have the right idea with the live support.
I'd like to see him explain what is happening lately, there is no 3 steps and the market makes no sense.

I'm wondering if Zen was tired of helping and decided to venture out on his own, his service is another one with no live trading room support.
Some friends who took Kevin's class are beginning to question the trading style. It appeared Kevin took quick profits at 12.5pips intervals, as he believed prices move in multiples of 12.5 (e.g. 50pips, 75pips, 100pips). Kevin recommended taking 80% of position off at 12.5pips gain, and let remaining 20% run. Of course this is for tight stops of 6 to 10pips using Kevin's target lines. But for longtime MMFx students who are used to aiming for +50pips, seeing Kevin take such quick profits at 1:1 risk reward goes against their previous training. Also, the London session moderator Bijan is ALWAYS in good trades and NOT in bad trades. When prices moved quickly through the target lines, he was not in the trade (or he would have been stopped). But when prices touched the target lines, held the stop, and gave quick bounces of 12.5pips, Bijan will say "I'm already in this trade". There were no P&L or MT4 statements shown so far, only Demo chart is displayed, and it is beginning to look suspicious of how Kevin and Bijan were always claiming to be in good trades or worst case breakeven. But that is for skeptics to ponder over as they sit through the 3 months mentorship. Kevin and Bijan insisted that they are not scalping, but rather taking what market gives in terms of take profit levels (in 12.5pips intervals). Another friend commented that they are putting the target lines at previous swing points or fractals and "catching falling knives" (albeit with tight stops and quick take profits), but Kevin explained that these lines worked more often than they failed, because of confluence of fibonacci measurements. As long as prices bounced at least 12.5pips off the target lines, he considered that a valid trade and winner with first profit level taken. Hence the very high winning percentage implied in the sales webinars.

In the meantime, Steve has to handle the betrayal of Zen & Kanin, and the growing discontent and open revolt of struggling "masses" in his forum as shown in the pictures earlier. Two of his star pupils Rick T and David M have gone over to Kevin's chatroom.
No longer trading forex. Looking for full time job.
  • #850
  • Edited 12:39pm Jul 21, 2012 6:56am | Edited 12:39pm
wow what a disaster, i'm not a fan of kevin's style, looks like a lot of support and resistance drawing and drawing fibs to look fancy.
the live room would be nice but a moderator that won't trade with his real money is no good, hell i can trade demo and profit.
the mmfx method is good and i see what steve is talking about each and every day, i'm curious what zen will be teaching in his market checkdown group.
I find in my trades it's really hard to hold trades long in hopes to make +50, if i get any indication of the market moving against i'm taking whatever profit.
  • #851
  • Jul 21, 2012 1:48pm Jul 21, 2012 1:48pm
Quoting mmaker
Check out Zen & Kanin's new coaching service when it is ready for business:

What are your fees?

We are excited to inform you that Market Check-Down has one low all inclusive monthly fee, tiered as follows (this includes a special offer!):
[list][*]$79.95/month - Early Bird Special for the first 100 sign-ups only, so hurry! Good each and every month for as long as you are with us.[*]$99.95/month - special affiliate discount for MMfx graduates[*]$149.95/month...
ok so how is this going to work---for as far back as I can remember (over 2 years now)Alldrege and crew have been bragging about all they trade is the U.S. session --spend couple hours in the U.S. session and that's it--no trades we go play--so your to have me believe your a really honest to goodness full time trader with a trading room and you only take 25 PiP's--you never posted crap in the forum for people to follow the whole time you were blowing everybody off--suspect your just digging into everybody's pocket again---blah blah blah
  • #852
  • Jul 21, 2012 2:17pm Jul 21, 2012 2:17pm
Hey guys, how's it going? Boy, it's been interesting reading the recent posts here. Martin Cole is the other teacher who teaches MM methods. Though I'm not the biggest fan of MC's PAT software, MC has been trading and teaching the MM method much longer than SM ever came on the scene. But the big difference is that MC teaches you with live trading. I don't know hardly any mentors who teach with live trading, but IMO that's the only way to prove one can trade. Opening a MYFXBook acct is another must-have IMO for showing some validity ti one's trading ability/method. I'm pretty sure that if SM could really make money trading, the way he says he can, that he never would have started selling his course and taking on a bunch of students. The real money lies in selling your course. Professional traders don't brag about their success.

Best Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #853
  • Jul 21, 2012 9:01pm Jul 21, 2012 9:01pm
Quoting NeoRio
Hey guys, how's it going? Boy, it's been interesting reading the recent posts here. Martin Cole is the other teacher who teaches MM methods. Though I'm not the biggest fan of MC's PAT software, MC has been trading and teaching the MM method much longer than SM ever came on the scene. But the big difference is that MC teaches you with live trading. I don't know hardly any mentors who teach with live trading, but IMO that's the only way to prove one can trade. Opening a MYFXBook acct is another must-have IMO for showing some validity ti one's trading...
So are YOU a professional trader?
  • #854
  • Jul 21, 2012 10:05pm Jul 21, 2012 10:05pm
Quoting mmaker
Ask him if he will show his myfxbook statements ......

Are you a professional?
  • #855
  • Jul 22, 2012 7:00am Jul 22, 2012 7:00am
I was under the impression that Lowry centered his trading around Fibonacci and the secret .88 fibo. Is there anyone in this thread who is actually taking his course or has his training video available for analysis? Also, an honest opinion would be worthwhile. I am inclined to agree with NeoRio's comments however.
  • #856
  • Jul 22, 2012 1:15pm Jul 22, 2012 1:15pm
Quoting Bill
I was under the impression that Lowry centered his trading around Fibonacci and the secret .88 fibo. Is there anyone in this thread who is actually taking his course or has his training video available for analysis? Also, an honest opinion would be worthwhile. I am inclined to agree with NeoRio's comments however.
Have been fortunate enough to see a far amount of his wooooorrrrrk to say if you put enough lines on a chart something will hit in 4 different time frames---also in listening to some of the commentary some of his co-horts are either already in the trade no matter what it is or where it is or they missed the trade oh yes forgot about the secret fibo's those are a must the secrets--you know the portions I listened to he was at his mother's with the dog barking and the phone ringing--don't fall for it
  • #857
  • Jul 22, 2012 1:19pm Jul 22, 2012 1:19pm
Very true!! If you look at some of Lowry's webinars, notice that he could have picked a top (or bottom) from which to draw his fibs many times before he drew the one that hit. Also, there are so many levels and lines on his charts that, as you said, it would be impossible to miss.
  • #858
  • Jul 22, 2012 3:36pm Jul 22, 2012 3:36pm
0.88 isn't a fib number. Many people add a number to a fib tool and refer to it as a Fib number but it isn't. Stick with the Fibs that are "real fibs" and they give good results. Sometimes precise, but more often shotgun accurate.

For a really good strategy for using fibs check out Forex Classmate Community. I came across Mike there while seeking to improve my own methods and he does a very good job of teaching it and does so live for his subscribers.
  • #859
  • Jul 22, 2012 7:36pm Jul 22, 2012 7:36pm
Quoting Wab
0.88 isn't a fib number. Many people add a number to a fib tool and refer to it as a Fib number but it isn't. Stick with the Fibs that are "real fibs" and they give good results. Sometimes precise, but more often shotgun accurate.
Quoting ianf0ster
Kevin talked so much about .886 and CompassFX harped on it in their promotional emails. This particular fibonacci level came from one of Scott M Carney's books on harmonic patterns. Kevin is not being truthful when he said he had not seen ANYONE use it before, during his sales webinars with CompassFX. I guess he wanted people to sign up for his course, but .886 has been around harmonic patterns for a long time.
http://i.imgur.com/z2JFG.png
No longer trading forex. Looking for full time job.
  • #860
  • Jul 23, 2012 1:25am Jul 23, 2012 1:25am
Guess we can add Lowry to the list of famous con artists:

Professor Hill from the Music Man
Bernie Madoff
Stevie Mauro
Kevin Lowry
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