Bobweiser67

I have some experience with Puretick and would be leery of them. One trade in question happened on what he terms a "Keltner Day” Where price basically trades in a range, bouncing off the upper and lower bands. Alex calls a trade to go long at something like 8509 on what looked to me like a breakout from a triangle, with adding a contract at 8500. The market proceeds to drop 26 points from the initial entry. A stop out for most everybody that may have taken the trade. While this is happening, Alex is not saying much, which I have found he does quite often when a trade goes against his call. So after the market has dropped what clearly looks like a stop out, he beings to say I am a scale up seller now. Which I am sure is confusing the room even more now. Is the long trade stopped out? and are you now short and scaling in, since he made no indication that he was exiting his long trades Then all of the sudden after the market had climbed back up to near 8500 you hear a buzzer go off that a target was hit. A target hit? What the heck are you talking about? Then when the market gets up slightly past the initial entry of 8508 another target hit buzzer goes off, and Alex says he is now flat, with a nice profit and will go into the track record. When someone finally asks what the heck just happened here, he states that he was in a scale down buying program. Scale down buying program? Are you kidding me? This was never even mentioned throughout the trade. He then says that this was all based on a Keltner Trade. I have no idea how this could be the case. On the initial call, price was above the 20ema and near the upper band. How could this possibly be a trade based on price being near support of a Keltner band or even the mid line? Based on the price and where it was in relation the bands it would make much more sense for it to be a short trade, not long. It was clearly, in my opinion, a breakout trade that had gone wrong and was magically turned in to some other type of trade that made money. One other reason for concern is also this. He had a 3/10 oscillator on his chart, courtesy of a post from Linda Rashke on the TS forums. Someone in the room asked out it, he says it's an oscillator he now uses and will be selling it for $69. I was floored when hearing this. At least the guys at Trade the Markets re-coded the indicators they got from the Forums. This guy just downloaded the file, pasted his name on it and is now trying to sell it. He didn't even change the coloring on it, jeeez, at least put some neat bright colors on it. haha. And with that stellar track record, why would you need to milk people for 69 bucks? In any case, not all trades are like the one I mentioned, but there are enough of these ambiguous trades to make you question the validity of this chat room. So, for what it's worth, that is my experience with them.