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  • #1,081
  • Jan 20, 2013 5:20pm Jan 20, 2013 5:20pm
I've gone thru the webinar on vimeo and I liked it. (Maybe you don't, so tell me about it)

Very clear, concise and a friendly voice.

bit . ly/fantestimonials
  • #1,082
  • Jan 21, 2013 11:17pm Jan 21, 2013 11:17pm
Does this 1hr assessment make sense to the more experienced M&W traders out there?
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  • #1,083
  • Jan 21, 2013 11:42pm Jan 21, 2013 11:42pm
Quoting russss
Does this 1hr assessment make sense to the more experienced M&W traders out there?
Why didn't you join NeoRio's Skype room?
  • #1,084
  • Jan 22, 2013 8:02am Jan 22, 2013 8:02am
Yeah yeah, Kim's having the 2nd webinar right now...
bit . ly/fantestimonials
  • #1,085
  • Jan 22, 2013 8:25am Jan 22, 2013 8:25am
I'm in it anyone. I am not sure there is anyone in there who looks at levels except for Elliott Waves so I posted here. Just listened to Kim and there was no mention of levels there either. I rather like them, when I can find them.
  • #1,086
  • Jan 23, 2013 10:55pm Jan 23, 2013 10:55pm
Quoting russss
I'm in it anyone. I am not sure there is anyone in there who looks at levels except for Elliott Waves so I posted here. Just listened to Kim and there was no mention of levels there either. I rather like them, when I can find them.
levels are merely impluse runs it looks like you have them defined on your chart, although you have a lot of junk on their. you should really use a clean simple 1H chart. looking at today it would appear we are in the final level looking for our mid week reversal.

i am no expert just reading the current chart.
  • #1,087
  • Jan 23, 2013 11:58pm Jan 23, 2013 11:58pm
Thanks FxTrader. I find the levels keep me from trading in the wrong direction, when I can find them. The "junk" is almost all the Ichimoku Kinko Hyo which has several things on it. I am refering to it for S&R. The TDI is gone since Kim made no use of it.
Has anyone found the recording of Kims second webinar? I attended and would like to review it but cannot find it.
  • #1,088
  • Jan 24, 2013 5:21am Jan 24, 2013 5:21am
Quoting russss
Thanks FxTrader. I find the levels keep me from trading in the wrong direction, when I can find them. The "junk" is almost all the Ichimoku Kinko Hyo which has several things on it. I am refering to it for S&R. The TDI is gone since Kim made no use of it.
Has anyone found the recording of Kims second webinar? I attended and would like to review it but cannot find it.
We need to ask Kim to post all the webinars as they are educative
  • #1,089
  • Jan 28, 2013 12:05am Jan 28, 2013 12:05am
I guess so, cos only one of the 3 webinars are posted.

Who are in Kim's list can PM me once the link is live in vimeo, thanks in advance.
bit . ly/fantestimonials
  • #1,090
  • Jan 28, 2013 4:05am Jan 28, 2013 4:05am
Heh, this is fun...to see the thread take a new turn. Kim's the one to look to now. Nice. And the things which thou hast heard of me among many witnesses, the same commit thou to faithful men who shall be able to teach others also.

Neo
Sentiment: Short on cash. Long on hope.
  • #1,091
  • Jan 28, 2013 4:12am Jan 28, 2013 4:12am
Quoting NeoRio
Heh, this is fun...to see the thread take a new turn. Kim's the one to look to now. Nice. And the things which thou hast heard of me among many witnesses, the same commit thou to faithful men who shall be able to teach others also.
Neo
Still trying hard to funnel people to your Skype room? Seems like your interest is ONLY the people who are interested in M&W threads and not others. From your posts, you sounded bitter that people are not listening to you or joining your Skype room.

I wouldn't be surprised if the other DMR instructor will resign and come out to teach. Jim Nicholson has been quietly gathering a group of 20 members to coach privately, preparing himself for a paid service like Zen and Kim.
No longer trading forex. Looking for full time job.
  • #1,092
  • Jan 28, 2013 1:15pm Jan 28, 2013 1:15pm
Quoting mmaker
Still trying hard to funnel people to your Skype room? Seems like your interest is ONLY the people who are interested in M&W threads and not others. From your posts, you sounded bitter that people are not listening to you or joining your Skype room.
No, I'm not. All this stuff is neither here nor there for me. I have no hidden agenda or benefit from this thread, nor my Skype rooms.

NeoRio
Sentiment: Short on cash. Long on hope.
  • #1,093
  • Feb 4, 2013 8:12am Feb 4, 2013 8:12am
I went through this gigantic thread, and I'm still confused about counting the levels. What are the rules? 1H chart only? 50 EMA cross? Level 3 behavior? Can someone please explain it to me in a very simple way? I ain't the sharpest tool in the pool =) Thanks guys
  • #1,094
  • Edited 8:31am Feb 4, 2013 8:18am | Edited 8:31am
Quoting Ishtana
I went through this gigantic thread, and I'm still confused about counting the levels. What are the rules? 1H chart only? 50 EMA cross? Level 3 behavior? Can someone please explain it to me in a very simple way? I ain't the sharpest tool in the pool =) Thanks guys
The Level Counts don't work anymore. In fact, Steve Mauro has stopped the DMR team from doing level count bias and removed 2 of the 4 instructors (one of whom was Kim Krompass mentioned above). They are now going into Gartley patterns as part of new 2013 DMR.

It's good that you are interested in figuring the Levels, maybe we can re-teach the Levels back to Steve's team. As Kim famously said, "to hell with the levels".
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No longer trading forex. Looking for full time job.
  • #1,095
  • Feb 4, 2013 8:40am Feb 4, 2013 8:40am
Many thanks for the lighting speed reply mmaker.

Hmm.. Isn't he like totally against Gartley and all other textbook patterns like 1-2-3, ABCD, Gann, Fibo, S&R break?

I did notice the levels and the consolidations on 1H chart, but I couldn't tell the numbers on them.

So if level counting, which is the main teaching of Steve, is no longer valid (I'm guessing market makers also attended his course =), then how do we make entry? Do we even still have a complete system to trade with?

Yeah, came to think about it, if the market makers attended his course, then it's totally pointless. They know the move of his every students'.
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  • #1,096
  • Edited 9:53am Feb 4, 2013 8:50am | Edited 9:53am
Quoting Ishtana
Yeah, came to think about it, if the market makers attended his course, then it's totally pointless. They know the move of his every students'.
I hope you're joking. Market makers don't change the market just because 1147 students took Steve Mauro's course. Tens of thousands of traders all over the world do just fine,
http://www.myfxbook.com/most-popular-forex-systems

Quoting Ishtana
So if level counting, which is the main teaching of Steve, is no longer valid (I'm guessing market makers also attended his course =), then how do we make entry? Do we even still have a complete system to trade with?
That's precisely what the NEW 2013 DMR format attempts to solve, as shown in the slide above. Apart from the Monday Bootcamp which is free, even students of Steve had to pay $102.50/mth to join NEW DMR to find out (on Tuesdays/Wednesdays/Thursdays).

I suggest you give them another year to figure it out. Maybe 2014 "new" DMR will finally give us a complete system to trade with.
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No longer trading forex. Looking for full time job.
  • #1,097
  • Feb 4, 2013 9:13am Feb 4, 2013 9:13am
No I'm not joking. I'm kinda new to Steve's method. Still a newbie asking noobish questions.

1147 students? No wonder he reportedly never showed his students his live trading.

$5150 * 1147 = $5,907,050.00. Hot diggity damn!

Steve also said that EA can never work, but looking at your list, the top 3 of every category are EAs.

I did try to email Steve on his website but I haven't yet received any reply.

Btw, so if the level counts are scrapped, is this just a matter of the MM regularly rotating their strategies, and we shouldn't follow the MMM for now?

I think stop hunting and profit release would never stop. It's only a matter deceiving and trapping traders that we must be aware of.
  • #1,098
  • Edited 11:00am Feb 4, 2013 9:34am | Edited 11:00am
Quoting Ishtana
I did try to email Steve on his website but I haven't yet received any reply.
Try contacting CompassFX also, they will be delighted to have you sign-up as the 1148th student
http://compassfx.com/steve/
(they might try to offer you Kevin Lowry's class instead, http://www.compassfx.com/kevin/)

[email protected]
[email protected]

Alternatively, you can email Zen Alldredge the ex-partner of Steve who had left to form his own educational firms,
https://www.marketcheckdown.com/
http://strikezonetrading.com/sign_up
(Anyone has updates on their lawsuits? http://www.rfcexpress.com/lawsuits/c...et-al/summary/)

Or email Kim Krompass who was one of the 4 DMR instructors, now resigned (and banned) from Steve's group and started her own educational firm,
https://www.priceactiontradersinstitute.com/about-pati/
https://www.priceactiontradersinstit...out-pati-more/ (She didn't mention her time with Steve Mauro)

As Zen said in January 2012, "this is the year". Well 2012 has passed and now we are into 2013. If you still haven't figured it out yet, the business is about you paying them for education. It doesn't matter if the students make money or not (no one has since Dec 2010), what matters are how many customers the educators can sign-up. If things don't work out, well there is always 2014 to make things right ..... AFTER you paid up.
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No longer trading forex. Looking for full time job.
  • #1,099
  • Feb 4, 2013 10:43am Feb 4, 2013 10:43am
Quoting Ishtana
..........
Steve also said that EA can never work, but looking at your list, the top 3 of every category are EAs.

EAs can work ... either in Demo only , or in live with certain Brokers for a while (until the nature of the market changes). The main reason people say EAs can never work is due to the fact that the 'old style' ones have a fixed strategy which will eventually fail big time.
[b][i][color=blue]Many modern so-called EAs are just glorified trade copiers, others are based upon systems which are regularly...
Hi Ishtana,
I couldn't stop myself from commenting (in Blue above).
BTMM is not teaching Gartleys. They are using the indicator (ZUP) as an alert. For me, I don't see the point of that - unless you need an indicator to tell you what you can already see.
  • #1,100
  • Feb 4, 2013 6:09pm Feb 4, 2013 6:09pm
Quoting mmaker
If you still haven't figured it out yet, the business is about you paying them for education. It doesn't matter if the students make money or not (no one has since Dec 2010), what matters are how many customers the educators can sign-up. If things don't work out, well there is always 2014 to make things right ..... AFTER you paid up.
As much as MMaker and I seem to butt heads, I'm totally with him/her on this. The only reason I have participated in this thread is to help new traders who come along to realize that there is much more than meets the eye on these courses that cost thousands of dollars by gurus who tell you they will make you a good trader. I think it's a shame that millions of dollars have been made on eager (and believing) students, who for the most part can't really afford to spend that kind of money.

I've had my suspicions about SM's claims and in particular the part of his story that he was trained by a real ex-MM who taught him the secrets of how the markets work. Like MMaker pointed out, MYFXBook is the only way to prove a trader's worth, or a trading method.

Ishtana, from some of the lingo you were using, it seems you may have come across some of Martin Cole's training? If not, I highly recommend you watch his whole course, that used to cost $10,000, but which he recently made available for free and can be viewed in its entirety on youtube. Martin Cole is the real deal when it comes to an actual trader who developed his own trading method to try and read the MM's moves. I've had dozens of email communications with him and several years ago when I asked him about the M's and W's (that SM was teaching), he chuckled and said something to the effect of; How would the MMs make such a simple strategy like M's and W's (or any repeating pattern) that could be figured out. The nature of this business (for the MM's) is to extract money out of the markets every day...so yes, they change it up all the time. It's not that once-upon-a-time SM's 3 levels worked and now they don't anymore. That's not the case, the thing is that every trading method out there will work at times and not work at other times. The MMs know that if all the methods out there don't work some of the time, nobody would use them...like the slot machine.

In closing I'd like to say that as far as counting levels is concerned, Elliott Wave and Goodman Wave theory are a possible good fit for trading M's and W's. EW has 5 waves while Goodman has 3. These waves have been around for a long time and even though they're not a black and white read, or a sure-thing every time, they make more sense than trying to count some intraday or intra-week 3-levels just because.

Kind Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
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