Steve Rising - Thin Slice Methodology

[magisana]

Has anyone used this method and can tell me what it is? There isn't much on his site about the actual method. I believe that It is a day trading method... I was hoping that maybe someone might have used it and be able to give me there honest opinion as to whether it is worth the money.

Thanks

 

[Pippy5000]

New traders, in my opinion this is ongoing spam.

 

[magisana]

This is why new traders don't like coming to the Forums, this is a rubbish statement. Why can't you just give people a chance and maybe just maybe give us the benefit of the doubt!

why is it that you can't even ask a damn question on these forums without having to go through the accusations being hurled at you! How am I supposed to learn. I have been endlessly reading through Tread after thread and quite frankly I would like some freakin constructive advice. If you are there to just sit around and wait to accuse people of spamming then your defeating the purpose of offering any constructive advice. I am sick this, I am trying to learn. I am a frustrated new trader and I have been at this for 12mths and I come to these forums for supposed advice from experienced traders that may offer me just a view point.

 

[dcraig1]

magisana,

The fact of the matter is that very few or any of these 'guru' web sites are worth the money - or even worth any money. Furthermore it is up to you to set up some criteria for evaluating them. There is plenty of advice available on how to do that but we could mention

1. Audited profitable trade records,

2. Are the methods articulated, do I understand them and do they make any sense?

3. If the methods are articulated, can I test them independently.

Questions like is "Fred McGoogly any good?" are not worth asking.

Ultimately I fail to see how anybody can stake significant amounts of money on methods they do not understand, haven't extensively tested themself and based solely on testimonials on anonymous Internet message boards.

PS the name "Slice Methodology" would put me off right away.

 

[phreddyinbg]

magisana, The fact of the matter is that very few or any of these 'guru' web sites are worth the money - or even worth any money. Furthermore it is up to you to set up some criteria for evaluating them. There is plenty of advice available on how to do that but we could mention
1. Audited profitable trade records,
2. Are the methods articulated, do I understand them and do they make any sense?
3. If the methods are articulated, can I test them independently.
Questions like is "Fred McGoogly any good?" are not worth asking. Ultimately I fail to see how anybody can stake significant amounts of money on methods they do not understand, haven't extensively tested themself and based solely on testimonials on anonymous Internet message boards.
PS the name "Slice Methodology" would put me off right away.

I am sure that your answer would be helpful if the question was "How do I find out ...."
However, the question was "Has anyone used ....."
Pippy5000's condescending answer was no help and Magisana was, in my opinion, quite right to get annoyed with it. Totally unhelpful and dismissive.

Now, I am not a newbe and I know about the gurus. So neither you nor he are any help to me.

I found this thread by using google to see if there was anything helpful online about this company.

I would like to know if anyone has used them. I re-iterate Magisana's question and would be very grateful if anybody with any actual experience of this company would post.

BTW - THIN SLICED may well have a meaning not generally known to the non-cognicenti. My son has a company for web design that includes 'thin sliced' in its title.

 

[phreddyinbg]

Has anyone used this method and can tell me what it is? There isn't much on his site about the actual method. I believe that It is a day trading method... I was hoping that maybe someone might have used it and be able to give me there honest opinion as to whether it is worth the money. Thanks

Hi Magisana,

From what I gather it is a scalping system with 10 pip SL.

Like all of them that are presenting a 'special' view of trading he has introduce a little mystery into the system.
He has 'road bumps' that price has to pass or not.
He uses 10 min charts b/c 5 min is too fast and gives whipsaws whereas 15 min misses too many trades.
Minute 4 is a mystic number and is I believe the trade trigger
He uses 'special' numbers, they seem to be 00 and 50 from what I can see.

Lets both go to the next webinar and trade notes.

 

[phreddyinbg]

I have Googled 'thin sliced'
Wise Geek website says
"The term thin-slicing means making very quick decisions with small amounts of information. The term is most often used in the discussion of Malcolm Gladwell’s 2005 non-fiction book Blink, which analyzes the concept of “thinking without thinking.”

I can see how this fits with what I know of the system. Hope this helps

 

[magisana]

Hi Guys,

I haven't had a chance to get to one of his webinars yet, time zone means it's at a early hour for me and to honest I have a hard time getting up at 3am to watch a webinar. Anyhow I have to admit I am not willing to fork out over $5000 grand on a scalping course when I most likely can get it for a lower cost. Also I have been trialing a few methods now and I believe that I find scalping quite stressful and time consuming. I much prefer to trade from the 4hrs and dailys and so far I am doing quite well, in demo still, I am hoping to go live in a couple of months.

 

[currencytrader1]

This is why new traders don't like coming to the Forums, this is a rubbish statement. Why can't you just give people a chance and maybe just maybe give us the benefit of the doubt!

why is it that you can't even ask a damn question on these forums without having to go through the accusations being hurled at you! How am I supposed to learn. I have been endlessly reading through Tread after thread and quite frankly I would like some freakin constructive advice. If you are there to just sit around and wait to accuse people of spamming then your defeating the purpose of offering any constructive advice. I am sick this, I am trying to learn. I am a frustrated new trader and I have been at this for 12mths and I come to these forums for supposed advice from experienced traders that may offer me just a view point.

hi Magisana just seen your thread on thin slice trading.I have been e mailing steve and thinking about taking out the silver package.Did you ever proceed with it ?
Regards

 

[phreddyinbg]

I didn't follow up with 'thin sliced' nor any of the 'gurus' systems. Settled for simple 'price action'.

There is so much available freely on the net that I wouldn't spend a dime with any paid service. I would also advise that many of the 'systems' are just copies of strategies available for free but repackaged and sold by these 'shysters'.

 

[Dinos]

With all due respect, teach yourself, its hard but gratifying, imho, any system where somebody wants a subscription or wants you to part with your hard earned cash, answer this symple question, if it where that good, why would you want to sell it, surely, you'd keep your mouth shut, trade and milk the system, say no more.

 

[phreddyinbg]

With all due respect, teach yourself, its hard but gratifying ...

Exactly!!

 

[magisana]

hi Magisana just seen your thread on thin slice trading.I have been e mailing steve and thinking about taking out the silver package.Did you ever proceed with it ?
Regards

To be honest I never did, due the the fact that I have done alot of self learning on and off. I have given it a rest for a bit as I was just getting so frustrated and wasn't in the right frame of mind for trading. I still do believe in mentoring but I am not so convinced that I want to spend $1000's on Steves particular mentoring. I do still receive his emails and every now and then check out his videos but I am still on the fence about it. I did join Neil Fullers Price Action course and have found quite a bit of value watching Fx Street webinars past and present when I get the chance. If you do decide to go ahead with Steves course I would be interested in hearing your results and what you make of the course he provides.

Regards,

Leigh

 

[currencytrader1]

Will let you know,as I am giving it serious consideration.I have emailed him a lot and he answers quite quickly.Seems genuine but one never knows

 

[omnpmh]

Rising is a nice guy.

 

[Mr. Charts]

And I thought this thread was about baking bread.