Rockwell Trading

Stirf

Active member
109 7
@ Krishen333

I'm getting tired of those rockwell staffmembers that post things here. If this is your approach to marketing then I pitty you. Just accept the loss and start to improve things! Start trading live in your NOT live trading support room.

Next you guys will start posting here that Santa Claus does exist :clap:.



Shaka:cool:,

Frits
 
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RALLYCAR

Junior member
10 0
lets assume that Krishen33 is genuinely a newbie to trading, it's interesting because he sounds just like we all were when we first started with the RWT scammers. Back in those days we were green and knew nothing about day trading, we faithfully paid our moeny expecting the RWT to lead us through the skills of day trading and on to consistently making money. At the start we sang their praises because it all sounded so good, but in reality in the land of the blind the 1 eyed man is King, us being the blind and RWT being the king.

I think its fair to say that anyone who has thought seriously about trying to become a day trader is fairly intelligent to start with, and therefore its only takes us a matter of time to finally see through the RWT scam. Some of us see through it quicker than others, but everyone eventually gets to the point that the numbers simply don't add up. Like Stirf has commented before 99% of us are ashamed to admit publicly that we got duped, and thats exactly what RWT and all the other sites dedicated to ripping off would be day traders prey on, first of all the greed factor to get the money out of your pockets, and then the shame factor so you just shut up and go away.

Unfortunately by your own addmitance Krishen33 you have just lost about $500.00 plus any funds you are losing if you are blindly following their trading advice. Listen to people who have no hidden agendas and save your money. Look for all the stuff you can get free on the internet, if your are a born trader you will find a way to put it all together and make money. You dont need to be lining other peoples pockets in the process.
 

krishen333

Newbie
6 0
@ Krishen333

I'm getting tired of those rockwell staffmembers that post things here. If this is your approach to marketing then I pitty you. Just accept the loss and start to improve things! Start trading live in your NOT live trading support room.

Next you guys will start posting here that Santa Claus does exist :clap:.



Shaka:cool:,

Frits
Stirf,

I'm not staff member of RWT and I only told you my side of the story. I am new to trading and honestly don't know much about trading yet and but all I'm saying that this course helped me to learn all basic about trading and set charting software and bokearege platform for me within limeted time I have :(.

Maybe in the future I'll come to your way of thinking but in the present moment thats what I think. And as I said I'm sure all the staff they selling you can find on the internet for free its just hard if you don't know were to start.

Thanks

Seb
 

krishen333

Newbie
6 0
@RALLYCAR

Thanks for your reply. I don't know if I am intelligent enough to be a day trader but sure I am not stupid. I admited I lost/spent $500/£320. First time I found their website I really thought that maybe there are decent people who help you to start trading, becouse I read about scam websites, boiler rooms and all. And I am still thinking that they doing good job teaching you basics (I haven't read FAQ and all the articles in the newbie section of this forum), I let you know if this will change. I believe that you have reason and experience with RWT and soon enough I will find out what is going on but I cannot say: RWT are scam people and you shouldn't pay them - only becouse someone said it. If I find out I will say that myself but from my own exprience. I say "if" cos as I said maybe I am not that intelligent. I hope I am :).

Now let me dig in and learn, learn, learn... :smart:

Thanks

Seb
 

RALLYCAR

Junior member
10 0
Hi Seb, remember this little phrase " Those who Can, Do,,,, Those who Can't, Teach". That is so applicable to the world of Day Trading websites. Sums it up in a nutshell really.

I think the thing that upsets people like Stirf, me and the others who have finally realized the truth is that we can't help other people from making the dumb mistakes we made. most people will be just like you (me included) and go blindly on throwing good money after bad. Back testing after back testing, reading and reading and reading, subscribing to some website vendor who will "take us under his wing and show us the ropes for a modest fee" etc etc. then getting stuck in with some live trading, and then one day reality hits. When that day hits don't forget to come back and try and help us to stop too many more people getting ripped off.
 

krishen333

Newbie
6 0
Thanks RALLYCAR,
Don't get frustratet or angry about people who don't listen to you. In the end there is nothing you can do to people who don't want to be helped. I personally think that every person is responsible for own actions regardless if it was influenced by others. I spent $500 on my education. Maybe it was a waste and it wouldn't happend if I came here first. Now I am smarter thanks to you gays. Now T2W is my King ;).

Thanks
Seb
 

vanity

Newbie
5 0
hi kirshen
I am new here and I don't have any experience about s&p500 emini. it seems you spent some money on your education. could you tell me where and how to start.
Thanks
 

krishen333

Newbie
6 0
Hello vanity,

I don't think I am competent enough to give you advice in this direction. I tell one thing, before pay anyone to teach about trading look for free information on the internet. Start in this very forum in Trading FAQ and First Steps section and listen to poeple on this forum. This is what I am doing now. Good luck.

Seb
 

Stirf

Active member
109 7
hi kirshen
I am new here and I don't have any experience about s&p500 emini. it seems you spent some money on your education. could you tell me where and how to start.
Thanks
This is great :clap:! Now we are actually starting to help eachother out!

You want to start trading the e-mini sp or short ES. Ask yourself why is it you want to trade this market Vanity? Why not the e-mini dow or currencies or oil or??? Look at your timetable, do you have the time to trade? Not always, but often the first two hours after the opening are the best. Are you able to trade during those hours? Where do you live and from your location is it better to trade European markets, e.g. Eurostoxx50? I trade the EUR/USD and GBP/USD.

In my expercience (I'm not gonna share my strategy or sell it :cheesy:) no indicator I used has been of great help. To underline that, John Bollinger doesn't use his own Bollinger Bands! Think of this: all indicators like MACD, Bollinger Bands, RSI, stochastics, etc are LAGGING indicators. They show you what happened in the past... What good is that!?!?

A great help for me is VOLUME! If the hurd is going North, I'm trying to go with it and vice versa for going South. I take a look at the long term trend (to define long is up to you) and as soon as my 5min bar chart gives me sufficient volume direction long term trend I'm getting in. Stop loss is fixed, take profit... Sky is the limit! Limit your losses, let your profits run. I'm sometimes in a trade that takes me about 5 hours. But nothing better than being long in an upward trend and take out 135 ticks (or pips):D.

Let your profits run is difficult when you start trading. Because as soon as you are up, you wanna take that profit! So you often end up with a 25 profit while at the same time you accept a 100 loss (I've seen it happening!). Another important thing is the fear of losses. I think it was Larry Williams who said:"the fear of losses is a traders' worst enemy".

I think I could write a book about it all, or sell courses on DVD. But as I start making great money with actually trading I'd rather stick to that :)!

Shaka:cool:,

Frits
 

Stirf

Active member
109 7
Hello vanity,

I don't think I am competent enough to give you advice in this direction. I tell one thing, before pay anyone to teach about trading look for free information on the internet. Start in this very forum in Trading FAQ and First Steps section and listen to poeple on this forum. This is what I am doing now. Good luck.

Seb
That is a great advice you gave krish! And like Rallycar mentioned. I sincerely hope we can count on you as soon as you are confronted with scams in this business. I'll be happy to put it on tape :)!

In the mean time have a look at my post to Vanity. There might be something useful in it for you as well. Good luck!

Shaka :cool:,

Frits
 

Stirf

Active member
109 7
Hi Seb, remember this little phrase " Those who Can, Do,,,, Those who Can't, Teach". That is so applicable to the world of Day Trading websites. Sums it up in a nutshell really.

I think the thing that upsets people like Stirf, me and the others who have finally realized the truth is that we can't help other people from making the dumb mistakes we made. most people will be just like you (me included) and go blindly on throwing good money after bad. Back testing after back testing, reading and reading and reading, subscribing to some website vendor who will "take us under his wing and show us the ropes for a modest fee" etc etc. then getting stuck in with some live trading, and then one day reality hits. When that day hits don't forget to come back and try and help us to stop too many more people getting ripped off.
Well put Rallycar (y)! I'm with ya mate!!
 

tulanch

Newbie
2 0
I’m not associated with RWT. I'm not a newbie, but I'm not yet where I want be.

I have been utilizing the RWT methods and have paid a very modest amount to learn their approach. As stated on this thread you can obtain anything you want to learn about trading "freely" from the net – I’ll leave it at that. As for being classified as scammers - that seems a little harsh to me. If that is the case I wonder what you think of book publishers; are they scammers too? They publish and sell numerous books on trading and some of these books are total crap in my opinion. I submit these publishers earn far more on selling trading books than RWT will ever dream of making. With that said, I also know I would not be as far as I am in my trading career without some of these books. I could not imagine embarking on this career without ever have read or owned Edwards and McGee’s, Murphy’s, Martin’s, or Brook’s books; they all have provided me some insight and have helped me create my style.

As for the RWT trading room, I agree all I see are squiggles on the screen. Yet having a good understanding of their approach, I typically have already listed the same opportunity on my screen. I look to this trading room display simply as confirmation that I have a solid understanding of their approach - it’s then up to me to decide if I will take it or not. Maybe it’s just me, but I will never “blindly” follow any signal. I look at it this way... if I was crossing a road and I see an eight ton truck roaring up/down at me, would I stand my ground because I had the "right of way" signal? Hell no, I move and get out. Granted I have learned a lot along the way and I am a firm believer that reading price action is the key to this industry (but that’s another subject).

I also enjoy numbers and mathematics. I have analyzed daily ES tick data, finding interesting groupings of price moves, specifically 2 and 3 tick waves during high volume times. I also know from hours of live chart observation that ES traders look for “round” number profit targets such as 1, 2 and 4 points (human nature). I have adjusted my Fibonacci retracement tool using 100% intervals (ninja settings of 0%,100%,200%,300%,and 400%) and then adjust the horizontal lines it creates to fit 1 point intervals on 5 minute charts ( take a look at them on any big move, focus on the swing and retracement areas). It is very interesting to see how price action behaves at these price levels (2-3 ticks moves again and again). You see similar movements when you look at established support and resistance levels (todays open, yesterdays close, yesterday’s high, yesterday’s low, PP, Moving averages, Bollinger Bands, etc…) Please note I did all of this personal observation and “thinking” well before ever hearing of or adopting any “augmented” RWT approach. I personally found their approach to “fit” with my style, with my thoughts and thus I “paid” to absorb all I can from them - just as I do when I buy a book in my opinion. I know I will always be a student of the markets. Part of my style is to continually review and learn new techniques that may or may not augment, adjust or refine my approach.

I can see how one would consider “any” company or organization that sells trading information as “scammers” if the presented methods were blindly followed without thinking, taking responsibility or consideration of one’s own trading style. This cannot be overstated – there is no Holy Grail or mechanical fail-proof method because the herd’s unpredictable human emotions are very much part of and very much directed to cause the market movements. After all, (taking the big players out of the equation) at the end of it all, it is you/us who enters and exits these trades.

As for RWT being classified as “scammers” – I do not agree. I find their approach very interesting, advantageous, profitable and most importantly it fits well with my style.
 

Stirf

Active member
109 7
@ Tulanch (and anyone else who wants to save money)

- Realizing losses, but communicating profits like rockwell does is a scam (n)

- Naming one of your ways of support the "live trading support room" like rockwell does is misleading when in fact not ONE trade is taken live in that support room (you said it yourself)(n)

- Your example of crossing the road totally makes no sense. Would you cross the road if a police officer would stop the traffic for you? With Rockwell in spite of the presence of support (the moderator) you still get run over by a truck(n)

- I don't use all the crap of fibonacci, support/resistance, yesterday's H and L, bollinger bands, stochastics, MACD, RSI, ADI, Parabolic SAR, Donchian channel, Williams %R, etc. I hope I don't need to go on and on with mentioning the LAGGING INDICATORS. Still I'm doing more than fine! The fact alone that there are so many indicators shows how many people have tried to predict the market based on the PAST. And still it doesn't work (n)!

- The fact that you find the rwt approach profitable sounds weird to me since you just stated that you don't follow their approach blindly by mentioning the "crossing road" example. So IF you are profitable you at least gave their strategies your own twist which proves my point that rwt strategies aren't profitable:whistling.

THIS IS A LIVE EVENT:clap:!
I've had 12 months of experience with rockwell. The LIVE recording of me uncovering their scam can be found on YouTube. Search for rockwell trading scam. Or just rockwell trading will do, since the vdo has had so many views that it's in the top ten of search results. Underneath the vdo you'll find a link to the story which tells you all about my twelve month experience with them.

FINALLY
Who wants to eat in a restaurant at which the chef doesn't even dare to taste his OWN food he made in his OWN kitchen? ...:sick:
 

RALLYCAR

Junior member
10 0
Hi Tulanch, I try to keep things as simple as possible and assuming that a dictionary definition of a word is about as good as we are going to get, SCAM is defined as "A fraudulent or deceptive act", and SCAMMERS would then be people who knowingly participate in a scam. RWT falls directly into that bracket, they have a nice little scam going on to lure punters (like you) to part with their money. They will continue to do so whilst there is a steady supply of uneducated punters out there who are willing to part with a little bit of Risk Capital to see if it is really true what they are saying. Welcome to the list ( growing by the day, but very much slower now thanks to Stirf) of dumbasses who have done nothing more than lined the pockets of the scammers at RWT. Stirf has obviously done far more real research and investigation than you have, and the facts speak for themselves, their strategies are not worth the paper they are written on, they mislead their punters about the results of their strategies, and they do not do any LIVE TRADING in their live trading support room.

If a book publisher is selling a book that is stating it will give you something, and it does not give you what it promised or agreed to do I would definately call it a SCAM, pretty simple. Dont fudge the issue Tulanch
 

PiCo.Trader

Newbie
1 0
As a full time day trader for over 2 years, I attended a Rockwell webinar ( less than 30min long before they closed the room ).
Knowing that every trading systems work at some point,
I wanted to understand, if they had an edge at when to use the Seahawk strategy.
What sideway market signs were they looking for in order to only trade the highest Seahawk probabilities.

my question was "what do you look for to avoid bad Seahawk trades ?"
trying to understand their logic. I got a private answer telling me "You can use the Seahawk strategy on every bar". :?:

Well excuse me but being into Live trading for over 3 years, I've never seen such a idiot answer. (n)

The only thing to remember from Rockwell is they are right saying you should buy at the open of a new bar!

Plot a 5EMA on a 8 range bar and buy the open of the first bar breaking it or
expect a retrace back to the 5EMA and even up to the breaking bar low as a re-entry point.

Let's talk about scalping !
Good trading to you all.
PiCo :smart:
 
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