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  • #961
  • Oct 3, 2012 2:29pm Oct 3, 2012 2:29pm
Quoting mmaker
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.
Man, you sure do send out mixed signals. What affiliation do you have to Steve Mauro and his course anyways? Are you for, or against it? You've posted a multitude of revealing information that the method doesn't work, that there are many more complaints and traders failing than anyone actually making any money. You've stated that the only people making money from this course are the mentors who charge a monthly fee. While I appreciate the candid insight into the reality of this trading course, sometimes it gets confusing when you seem to take both sides.

Regards,
Neo
Sentiment: Short on cash. Long on hope.
  • #962
  • Edited 10:38pm Oct 3, 2012 10:04pm | Edited 10:38pm
Quoting NeoRio
Man, you sure do send out mixed signals. What affiliation do you have to Steve Mauro and his course anyways? Are you for, or against it? You've posted a multitude of revealing information that the method doesn't work, that there are many more complaints and traders failing than anyone actually making any money. You've stated that the only people making money from this course are the mentors who charge a monthly fee. While I appreciate the candid insight into the reality of this trading course, sometimes it gets confusing when you seem to take...
I merely pointed out a dumb comment when it is dumb. That's not the same as taking both sides. These thieves stole the course videos and then complained they have no support after watching the 4 days videos. How dumb is that? They didn't pay a single cent, and yet complained that they have "gazillion questions" that were not answered. That to me is really dumb. As I said in my post, the students have access to multitude of support in person or through forum, that's fact.

As for the MMFx inside, nothing much is going on except for pushing DMR sales (only 35% subscribed). The DMR instructors are trying to promote themselves to get more subscriptions, turning into bragging sales promoters. There are no more M & W to be found, the market has changed, and yet the DMR could come up with fantastic new terminologies and discoveries ..... variations to the theme. It's so easy and simple, just sign up for DMR. The DMR instructors have so many winning trades that they actually needed HELP to post their charts, simply too many pips to handle (see post #948).
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No longer trading forex. Looking for full time job.
  • #963
  • Edited Oct 4, 2012 12:18am Oct 3, 2012 11:08pm | Edited Oct 4, 2012 12:18am
Quoting NeoRio
Man, you sure do send out mixed signals.
I have to agree with Neo. Your signals swing both ways!

Having paid, for a course, I certainly expect support from the person at the top, NOT a minion who is able to show wonderous trades after-the-fact. That there are those who may not have paid, who have posted in this thread, is immaterial.

That NONE of those who are Making It Big, are able to prove their talent via showing a live-account statement, or by using one of the online systems available for tracking trading accounts, is enough to infer, in the strongest terms, that NONE of them are being successful in The Bizniss.

I find it rather pathetic that SM~ always greets Eusebio Nanni at the start of EVERY presentation. Eusebio Nanni has his own 4X "teaching" forum, and is yet another, who can't quite get to show any proof of his trading ability. Egos massaging egos, perhaps?
  • #964
  • Oct 3, 2012 11:19pm Oct 3, 2012 11:19pm
That's Eusebio Nanni of Max Trading System.
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No longer trading forex. Looking for full time job.
  • #965
  • Oct 4, 2012 8:57am Oct 4, 2012 8:57am
Quoting mmaker
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...
Well, actually I was talking in general not just trading. It seems like you have a rage against people sharing information isn't the millions of videos on utube not as you call it stolen copyrighted or the majority who upload see it as sharing info for the benefit of all.
Find your Favourite Pattern
  • #966
  • Oct 4, 2012 9:15am Oct 4, 2012 9:15am
Quoting Pipanator
Well, actually I was talking in general not just trading. It seems like you have a rage against people sharing information isn't the millions of videos on utube not as you call it stolen copyrighted or the majority who upload see it as sharing info for the benefit of all.
What are you talking about??
No longer trading forex. Looking for full time job.
  • #967
  • Oct 4, 2012 9:22am Oct 4, 2012 9:22am
Quoting Duffgen
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.
That's what I'm doing too, pointing out his stupid comments that have no truths and confused the facts. I don't send out mixed signals, whatever that means.
No longer trading forex. Looking for full time job.
  • #968
  • Oct 4, 2012 2:36pm Oct 4, 2012 2:36pm
So if the Market has changed MMaker daddy of Di, why is there an -M- in GBPCHF from last night? I think he's secretly promoting Steve but hasn't figured that out yet. LMAO
  • #969
  • Oct 4, 2012 4:43pm Oct 4, 2012 4:43pm
Quoting Optimystic
So if the Market has changed
I don't mean to come across like I'm preaching, or like I know it all (I certainly don't know much of all there is to know), but in regards to the argument that "the market is changing and M's and W's are no longer printed in the markets like they used to be"...is not something I subscribe to.

I attended a couple of SM's free webinars hosted by CompassFX some time ago. When asked by one of the attendees how long would the MMs use these M's and W's to fake-out traders before making their real move of the day, his answer was; "As long as there is a market place...as long as there is not a one-world currency." First of all, the way SM simplified the whole workings of the market as being something that could be drawn in a matter of seconds using (sketchy) Paint drawings in Windows (something SM does repeatedly in the free webinars), is quite comical, IMO. To break down the day-in-day-out modus operandi of the Forex markets and describe the MM fake-out moves as M's and W's (AKA double tops and double bottoms, or Dragon Patterns http://screencast.com/t/wp2xKqJCV ) is rather limiting and can have a dangerous effect on the trader (speaking from personal experience)...because it tends to condition our brains, that when we see an M or a W we associate those with reversals manipulated by the MMs.

Martin Cole, on the other hand, has said in his book and in his trading course that the MM's "business model" (which consists of 3 things: Accumulation, Manipulation and Profit Release) will never change. And (if I may say so...) he's right. Without a period of accumulating orders (buying when people are selling, selling when people are buying), there can be no profits realized by the MMs. IMHO, SM made the mistake of pinning the whole basis of his training and trading style (which I have not seen any proof that it works or can make someone profitable) on a very narrow and limited concept and foundation: M's and W's. If the markets are largely driven by computer programs, programmed by the smartest minds, then they can easily make exceptions and tweaks to their programs to allow for large numbers of people looking for M's and W's. What they can't do however, is to skip the final step of their business model, to release their profits. That's why the ADRs don't change much year after year..and they never will. If the EU stopped moving an average of 100-130 pips a day, they wouldn't be able to make any money.

While SM's simplistic and technical method of looking for "the setups" appeals to most traders, MC's more tedious and laborious method of reading the signs of the "big picture" are more sound and will never change. Combining the 2 together (SM's M's, W's and some of his choice of indicators) along with MC's logic is a more sound way to attempt to trade the MM method, IMO.

Regards,
Neo
Sentiment: Short on cash. Long on hope.
  • #970
  • Oct 5, 2012 12:22am Oct 5, 2012 12:22am
Quoting NeoRio
... the way SM simplified the whole workings of the market as being something that could be drawn in a matter of seconds using (sketchy) Paint drawings in Windows (something SM does repeatedly in the free webinars), is quite comical
What's worse, that's what he does consistently throughout all of his preachings not just the free webinars.

There's nothing slick or well-thought out in any presentation SM~ does that doesn't warrant being scrawled on. Actually, there's very little slick or well thought out at all, where SM~ is concerned.
  • #971
  • Oct 5, 2012 1:07am Oct 5, 2012 1:07am
Steve Mauro is just your average forex skimmy scammer, 1 of many.
No need to say more really.
  • #972
  • Oct 5, 2012 3:21am Oct 5, 2012 3:21am
Quoting Mingary
Steve Mauro is just your average forex skimmy scammer, 1 of many.
No need to say more really.
Enough to sucker 1124 students in a little less than two years, each paying $5,150. And he's planning for another two more classes in October and December. Easy money ......
No longer trading forex. Looking for full time job.
  • #973
  • Oct 5, 2012 3:38am Oct 5, 2012 3:38am
The thing is, courses like these are easy to sell (kudos to the marketers). Many of Steve Mauro's early students were previous members of OnlineTradingAcademy (OTA) where Steve taught for a year. Then he met up with CompassFX and took in another group of ex-Craig Harris students, even Craig took the class himself. Another group was from 4XLA.org where Steve gave couple of sales talks. Now after students bought the MMM course, they are sold the Daily Market Review (DMR) subscriptions.

I'm currently in Kevin Lowry's class, and I was surprised to see so many of Steve Mauro's students joining. These folks sure can pay for education, after apparently going through OTA --> Craig Harris --> Dean Malone --> Ronnie Welch --> Bryan Rich --> Steve Mauro --> who knows what else they paid. Now within Kevin's group, we are probably going to have to pay $197/mth to continue with the live chatroom subscription as our 3 months mentorship is coming to an end. We are now being pushed to purchase Claus' trade management software from Pecunia Systems, it was interesting to note that Claus was also a student of Steve Mauro, so he knew the kind of people they can make sales on. It's amazing how these marketers KNEW who are willing to pay.

By the way, I regretted paying for Kevin Lowry's course. That's discussion for another thread.
  • #974
  • Oct 5, 2012 8:39am Oct 5, 2012 8:39am
Reese, sorry to hear you were suckered by CompassFX. I kept away, but only by gritting my teeth!!

I was just looking at an SM~ BootCamp video, and other than the scrawl on his screenshots, it is painful the to see that, although there ARE M & W patterns as he says, he likes to portray all those outside his fold, as traders who don't use Stop-Losses.

To quote:"If people don't understand the structure of the market, they'll sit there praying that it comes back, and what was once a 10 pip loss, is now a 150 pip loss".

The difference between CH and SM, is that one is easily accessible, and is not afraid to meet/speak on the phone to students, the other isn't.
  • #975
  • Edited 12:51pm Oct 5, 2012 12:09pm | Edited 12:51pm
Quoting Duffgen
Reese, sorry to hear you were suckered by CompassFX. I kept away, but only by gritting my teeth!!
I've been trading full-time since 2007 and took some courses along the way, e.g. Pristine Method TPM1 & TPM2 when I was doing stocks, and then Chris Lori workshop in 2009 when I switched to forex. I was fortunate to obtain access to Steve Mauro's course materials and was satisfied enough with what I learned, that I was about to pay him to register for his student forum "legitimately". Things changed after this summer, or I should say the market makers changed the way they run the currencies and I was persuaded to sign up for Kevin Lowry's class instead. I was attracted by the live chatroom covering all 3 active sessions (with Kevin guiding and teaching in New York session), which I understood Steve Mauro was never going to offer.

I was quite satisfied with what I paid for at Pristine (with Paul Lange) and with Chris Lori, as well as a "blitz week" with two of Chris' students: Andrew Currie & Daniel Shortridge. But as a full-time trader and managing my accounts for family income, I must say that Kevin Lowry's class does not offer any special advantage or "edge" for the price that he charged. There are two basic problems as far as I can see, which Kevin and Bijan would probably disagree: one is the poor risk-reward, and the other problem is trade management. I hope to get a clearer picture of his solutions for these problems by next week, as Kevin is covering these topics right at this moment in the live chatroom.

As for Steve Mauro's teachings in regards to M & W, it should be fair to say that there are more to his method than the M & W he showed during the brief 1hr sales webinar. There are trap moves, false inducements, stop hunts, and market makers daily/weekly cycle which those who had not fully studied his materials would not appreciate. It is easy to ridicule him for his simplistic M & W patterns, and conveniently ignored the fact that what's revealed to public is only for 1 hr sales webinar and not the full extent of his method. I actually allocated $15,000 to a new live account to specifically trade this method and willing to share my entries with this forum. That is, before the market makers changed their rules. Since I'm still an outsider (having studied his course materials through other means), I should leave the debate of whether M & W works or not to the experts here. If it works, please post some charts of successful trades using Steve Mauro's setups e.g. M formation, W formation, Straight Away rise, Straight Away drop, 33 trade, 22 trade, 3-33 trade, 50/50 trade, Safe Trade, Brinks Trade, M-A-A-W, W-V-V-M, and multi-session M or W. Show proofs that it works to shut off the critics. If it doesn't work, then continue to bash him blindly as what you guys have done so far. I myself am not likely for pay for another course in the far future after this Kevin Lowry disappointment. I thought I reward myself with some updated education, as many of these teachers did not appear when I was studying with Chris Lori, but instead wasted my money on a slick promotion.
  • #976
  • Oct 5, 2012 4:56pm Oct 5, 2012 4:56pm
Quoting Reese
I've been trading full-time since 2007 and took some courses along the way, e.g. Pristine Method TPM1 & TPM2 when I was doing stocks, and then Chris Lori workshop in 2009 when I switched to forex. I was fortunate to obtain access to Steve Mauro's course materials and was satisfied enough with what I learned, that I was about to pay him to register for his student forum "legitimately". Things changed after this summer, or I should say the market makers changed the way they run the currencies and I was persuaded to sign up for Kevin Lowry's class...
Good grief. Thanks for the info. This so confirms what I said earlier:
Steve Mauro is just your average forex skimmy scammer, 1 of many.
No need to say more really.
  • #977
  • Oct 5, 2012 7:44pm Oct 5, 2012 7:44pm
Neorio, have you taken Martin Cole course and have you also used his PAT software ?
  • #978
  • Oct 6, 2012 2:38am Oct 6, 2012 2:38am
Quoting metta87
Neorio, have you taken Martin Cole course and have you also used his PAT software ?
Yes, I have. As a matter of fact, MC recently made his whole course free and posted it on youtube for anybody to watch.

Neo
Sentiment: Short on cash. Long on hope.
  • #979
  • Oct 7, 2012 12:44am Oct 7, 2012 12:44am
Quoting mmaker
James Weegen, who took Steve's course and incorporated M & W into his proprietary "1234" indicator system:
http://renshiforex.com/
Do check out James' website and his 2-days course. He's been working hard at recruiting from Steve's student forum, asking members to contact him, knowing these people can pay and might pay him as well. As he said, "others" have asked him to keep posting and "many" have contacted him personally for help.

What a parasite.
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No longer trading forex. Looking for full time job.
  • #980
  • Oct 7, 2012 2:02am Oct 7, 2012 2:02am
Are these posts coming from Steve's Members Only forum, or chat group? If so, should they be posted here for everyone to see?
Sentiment: Short on cash. Long on hope.
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