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  • #941
  • Sep 19, 2012 12:23am Sep 19, 2012 12:23am
Just can't believe this ..... Steve doesn't help his students anymore, leaving them to struggle and whine/bitch in the private forum, while he goes out to bring in more "new" students for the DMR business. By default, you will be told that this is difficult and you will need to do more homework to see it. But, if you wanted some guidance they offer DMR for $102.50/mth and if you also wanted pre-market checkdown (in response to Zen's competing service), you upgrade to $202.50/mth. Steve has not visited the private student forum nor posted since Jun 17th when he left for summer vacation and now he shows up in CompassFX's Financial Masterminds Summit (September 19th, 20th and 21st). Where is his priorities? More sales?

At least Kevin Lowry was guiding his students trading in the live chatroom everyday in New York session, since the July 14th class. What a difference in attitude!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Kevin Lowry.png Size: 60 KB
No longer trading forex. Looking for full time job.
  • #942
  • Edited 4:44am Sep 19, 2012 4:25am | Edited 4:44am
thanks for updating us with whats going on the inside. (it could be false but i hope you wouldnt waste your time)...

In any case, i'm part of skype rooms that are discussing different methods of trading the "market makers" way or similar... here are they:

1. Steve Mauro - Beat The Market Maker / The Market Makers Method (paid)
2. Chad and Sterling - Smart Money / Day Trading Forex Live (paid)
3. Martin Cole - Market Makers Method (free youtube videos of his course)
4. not sure if chris lori - inside the banks is a similar type of trading.
5. zen - market checkdown

Are there others? I think we should see which gives best support, answers every questions of ours deserves our $$$, and of course walk the walk with live trading sessions.
additionally, systems/method that will not require the teacher to be there, meaning... once you got it, you need no longer to be subscribed, you can totally fish on your own. these are the key 3 points before we part with our money, besides those who can trade is in no need of any money...

anyway, one of the issues and toughest part is to see is the levels/cycle.
bit . ly/fantestimonials
  • #943
  • Edited 10:43am Sep 19, 2012 4:34am | Edited 10:43am
Quoting ForMeFact0ry
Are there others?
Steve Mauro's ex-partner Zen Alldredge:
https://www.marketcheckdown.com/

James Weegen, who took Steve's course and incorporated M & W into his proprietary "1234" indicator system:
http://renshiforex.com/
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No longer trading forex. Looking for full time job.
  • #944
  • Sep 19, 2012 4:46am Sep 19, 2012 4:46am
so... I guess we can do the poll for the above guys...
bit . ly/fantestimonials
  • #945
  • Edited 10:56pm Sep 19, 2012 10:31pm | Edited 10:56pm
Quoting mmaker
At least Kevin Lowry was guiding his students trading in the live chatroom everyday in New York session, since the July 14th class. What a difference in attitude!
His members aren't doing as well, with the low risk-reward they are barely breaking even after 8 weeks. Although it should be said that this past August wasn't a good trading month for many styles. It is true that he trades live in the chatroom. But he considered every 8 pips or 10 pips TP1 as "winner" so it doesn't reflect the reality when the members actually trade this system, and losing overall. By his definition, his system is highly "winning" (counting TP1). Depending on how the members managed their trades, it's not as pretty as it seemed. Taking large chunks of the positions off at small pip gains early in the trade, leaving very little if any left to ride the runners. Recent announcement-related big moves obliterated some of their tight stops and members took many full losses and the poor risk-reward on winners just don't make up.
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  • #946
  • Sep 27, 2012 3:29am Sep 27, 2012 3:29am
Is anyone there still trading M & Ws? Please can you post your screenshots?
  • #947
  • Sep 28, 2012 4:31pm Sep 28, 2012 4:31pm
By the way, Steve Mauro is not bothered by all these negative feedback. In fact, he took a summer vacation and never bothered to check back into the student forum. He is busy preparing a new class in October to "teach" more new students. Sign up quick!

And for those wishing to follow the continued hilarity,

http://www.rfcexpress.com/lawsuits/c...et-al/summary/
Chance favors the prepared
  • #948
  • Sep 28, 2012 9:16pm Sep 28, 2012 9:16pm
Quoting mmaker
Student members are equally not amused. But to the DMR instructors who earned monthly fees from fellow struggling members, ..... the show must go on.
The DMR instructors are gearing up for the upcoming sales promotions for October class.

http://i.imgur.com/Xdxqg.png
No longer trading forex. Looking for full time job.
  • #949
  • Sep 29, 2012 7:03am Sep 29, 2012 7:03am
Hello. Can someone help me find an indicator just like the one that is used in the MMM strategy.?
What I look for is to show in my charts 2 shadow boxes. One box is a fixed number of pips above the Daily Asian channel high and the other one is a fixed number of pips below the Daily Asian channel low. If you know of such an indicator I would very much appreciate it. Thanks.
  • #950
  • Edited Sep 30, 2012 4:55am Sep 29, 2012 7:24am | Edited Sep 30, 2012 4:55am
Quoting istvan
Hello. Can someone help me find an indicator just like the one that is used in the MMM strategy.?
What I look for is to show in my charts 2 shadow boxes. One box is a fixed number of pips above the Daily Asian channel high and the other one is a fixed number of pips below the Daily Asian channel low. If you know of such an indicator I would very much appreciate it. Thanks.
These guys pretty much copied everything that MMFx does, so you can download any relevant indicators from there:
http://www.daytradingforexlive.com/
www.youtube.com/user/DayTradingForexLive

[quote=stersuhr;215887]
Hi Everyone,

I thought I would pop in to answer a few questions and comments we've seen. The first thing I'd like to talk about is whether or not were members of Steve's course. Neither Chad nor I have been members and no one in his group would ever say we had been. We do however have quite a few of his past members. Most of his past members speak highly of him but that is really all I can speak to in regards to him or his offered course.

Just a little background on myself. I began teaching 4-5 years ago. For the first year or more I did so for free....one thing I realized is people don't value free information. Its an unfortunate fact, but its true. After that I went on to run the Diamonds room with Sir Pips (Tim <---- Very good guy and darn good trader BTW)....most probably won't remember the Diamonds room but it was one of the largest trading rooms out there. The was before trading rooms were "cool" and it was one of the first successful ones out there. There was a reason they would pack hundreds of traders into the room....they were profitable...and I'm honored to have been part of that quite honestly.

After that Tim & I went on to run another service before I started Day Trading Forex Live. The point of me mentioning this is because of a strategy I have always taught which is the Stop Run Reversal. This is something I started teaching in the Diamonds room 3 years ago and the principal of this strategy lays a "foundation" for how Smart Money trades. If you look at when Steve's site is registered it is January 2011 I believe....about a year after the stop run video was posted....and a few years after I was teaching market manipulation live starting with the Diamonds room. I'm not saying Steve took anything from me....because I don't think he did....I just believe if two people know the same information they will explain it in a similar fashion.

As far as level count is concerned...The basic premise that the market tends to be driven in three levels has been around long before anyone reading this was alive and I don't take credit for inventing it. Understanding how to trade the "pattern" for lack of a better word is really the key. Levels however are a reliable guide, but they are never perfect and do call in discretion which is something developed over time. Additionally without understanding how the market is manipulated levels mean nothing.

I think the really big difference between Chad and I and the other two people who teach trading with Smart Money is that we are happy to do it live in front of our members. The first two years of Day Trading Forex Live was nothing but a live trading room with a focus on calling trades. I'm the first to say I take losing trades, I have losing weeks, and I have on average 1 or two losing months a year. I also have members who have been with me from the beginning who know both Chad and I were consistently profitable overall with our trade calls. With that being said the best, and most consistent mega hedge funds have losing quarters. The big trouble with trading rooms is people DO NOT LEARN in a live trading room environment....I don't know why but they just don't.

The trading room should serve the purpose of icing on a cake. If they whole thing was icing no one would want it, but in its proper place it works well....so is true with a trading room. (SHAMELESS PLUG COMING SO STOP READING HERE IF YOU LIKE LOL) I believe our forex course lays the foundation, the daily market review/preview shows daily application (which I do say what I'm looking for the next day not just Monday morning quarterback), the forex forum provides more reinforcement, and then finally the live training room adds the icing on the cake and allows for live questions, trade setups, explanation, ect ect... I don't think there is better "on-going" education out there....and I know there isn't for a $329 lifetime membership.

With that being said not ever trader will succeed. Some are bound and determine to find a profitable indi combination, EA, mainstream trading strategy, ect ect. The trouble is it doesn't exist. My belief is the following....First lets assume that EVERY single strategy traders use is profitable. Then lets look at the CFTC numbers on profitable traders...their last report showed roughly 25% of trading accounts were profitable for the last quarter. Now that is a deceptive number because its not whether or not the account was profitable overall just for the last quarter. Let's however take that number as the "true" amount of profitable retail traders....25% on a quarterly basis. What this means that if every strategy out there was profitable then every retail trader would have a 25% chance at success every quarter. We all have to ask ourselves one question....who would ever start a business on a 25% chance of success per quarter? This is something everyone has to answer for themselves....and remember these numbers are best case scenario. For me these numbers all lead to the belief that if we trade the charts at "face value" we will become a statistic....the key to success is trading the bank manipulation....10 banks control nearly 75% of the daily volume in the forex market....if you know what their doing you know the next direction of the market with a high degree of certainty.

Sorry I've rambled on for so long BTW....I'm a bit long winded. Anyway were putting on a free training session this week Thursday April 12th at 7:00PM EST. If you've been to the site you know there is no "fluff" information. We put on quality content for free and the training session will not be different. You can do one of two things to get into this training. First you can go to the site and sign up for the email list which is the green box on the right hand side that says....video newsletter blah blah blah. We dont spam BTW....you get one piece of training from us per week. If you don't want to do that I will post the link and password to the room here Thursday around 5PM EST and you can login that way without giving any info out. Either way we will be happy to see you there and it will be educational.

-Sterling
www.daytradingforexlive.com /QUOTE]

[quote=ianf0ster;217333]
Not going to dwell on this too much, but I just heard Chad talked about "spread widening at HOD", "25 to 50pips above asian box", "holding the level for 30-90mins" ...... well these are definitely from Steve's videos. I'm so sure because just a few weeks before that, you guys were teaching jump bar and intent bar and looking for consolidation prior to stop hunt reversal. The sudden change in strategy after your two weeks' break tells me you guys have studied and copied from Steve's videos, which is easily downloaded from pirate sites. Not saying there is anything wrong with saying that you started teaching about smart money manipulation 3 years ago, but recently decided to teach like Steve. I just think when you said "Steve took anything from me" is a bit brash. Chad is fully copying Steve's speech patterns. A few weeks ago, he was more VSA and Martin Cole. That's an obvious transition. /QUOTE]
No longer trading forex. Looking for full time job.
  • #951
  • Sep 30, 2012 2:59am Sep 30, 2012 2:59am
Quoting mmaker
These guys pretty much copied everything that MMFx does, so you can download any relevant indicators from there:
http://www.daytradingforexlive.com/
www.youtube.com/user/DayTradingForexLive
Yep, I might add that they also copied much of Martin Cole's Market Maker trading methods and incorporated it into what they teach. While it's not really their own material, they offer a service that is more than 10 times cheaper.

Best,
Neo
Sentiment: Short on cash. Long on hope.
  • #952
  • Sep 30, 2012 5:13am Sep 30, 2012 5:13am
Quoting NeoRio
they offer a service that is more than 10 times cheaper.
..but is is really any better?!
  • #953
  • Sep 30, 2012 9:32am Sep 30, 2012 9:32am
Steve Mauro/Dean Malone have more knowledge and contacts in the industry as they say u get what u pay for.
Find your Favourite Pattern
  • #954
  • Oct 1, 2012 12:13am Oct 1, 2012 12:13am
Quoting JohnW
By the way, Steve Mauro is not bothered by all these negative feedback. In fact, he took a summer vacation and never bothered to check back into the student forum. He is busy preparing a new class in October to "teach" more new students. Sign up quick!

And for those wishing to follow the continued hilarity,

http://www.rfcexpress.com/lawsuits/c...et-al/summary/
check out the new website design,
http://www.beatthemarketmaker.info/
No longer trading forex. Looking for full time job.
  • #955
  • Oct 1, 2012 5:38am Oct 1, 2012 5:38am
anyone know if the payments can be made in installments rather than a lump sums?

Where do they come up for $5k 5 day course? Yes there in it to make money but some people offer the same at max price of $1k?
Find your Favourite Pattern
  • #956
  • Oct 1, 2012 7:33am Oct 1, 2012 7:33am
Quoting Pipanator
anyone know if the payments can be made in installments rather than a lump sums?

Where do they come up for $5k 5 day course? Yes there in it to make money but some people offer the same at max price of $1k?
Who offered the same at max price of $1K?
No longer trading forex. Looking for full time job.
  • #957
  • Oct 2, 2012 7:38am Oct 2, 2012 7:38am
Market checkdown guys.
Find your Favourite Pattern
  • #958
  • Oct 2, 2012 10:13pm Oct 2, 2012 10:13pm
Quoting Pipanator
Market checkdown guys.
The Market Check Down outfit only give a daily review of what a dozen pairs are likely to do during the London & New York sessions. What they are trying to do is to give discipline to traders to make sure that those traders do their own market appraisals.

Other than that, they do NOT offer ANY type of training-course.
  • #959
  • Oct 3, 2012 7:05am Oct 3, 2012 7:05am
IMO you learn a lot more in daily reviews than a training course which takes days and you still got a gazillion questions that never get answered.
Find your Favourite Pattern
  • #960
  • Oct 3, 2012 7:09am Oct 3, 2012 7:09am
Quoting Pipanator
IMO you learn a lot more in daily reviews than a training course which takes days and you still got a gazillion questions that never get answered.
That's a pretty dumb thing to say. Your "gazillion questions" were not answered because you probably stole the MMM course from somewhere, and watched the 4 days course videos illegally. Unless you paid for the course, you have no access to Steve email or the private forum or the support of 1124 fellow students and friends.

If you have questions after the course, post it in the forum and other students will help you (in forum or in Skype). Oh, you didn't pay for the course ...... and still have "gazillion questions" ......
http://www.beatthemarketmaker.com/forum/index.php
No longer trading forex. Looking for full time job.
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