Any Current TTM Folk in Here?

[daedalus 10]

Just curious if anyone who currently subscribes could let me in on what the general idea is behind HS's new 1 min GC contract setups are using the linear regression channel and the value chart?

 

He kind of hints at it in the free videos but doesn't say it outright. If anyone is feeling generous i'd love to know!

 

If not, i understand!

[metalhead 10]

In for this.

[MC 10]

You've made lots of posts about TTM lately, they should just give you a free month for all the advertising going on over here. :helloooo:

 

I admit I've read JC's book and liked the core info, but I would NEVER dream of paying $1k+ for a dumb indicator, typically one we have here for free no less. :o It makes me sick to think people actually pay that much thinking they are getting a grail when they are getting boosted free code that represents little to no edge IMO. JC and HS make bank off people dreaming of trading, I'd love to see their track record for mentorships and chat room users. As in how many of the people that blew big bucks actually became net profitable from what they learned for that money...I bet close to none. A 5 day mentorship is like $7500 with them. :doh:

 

Anyhow...carry on folks. :rofl:

[Guest forsearch]

Apparently, there's a lot of suckers born every day in the trading world. Over $2 million a year is how much JC and Hubert make from TTM.

 

Listen to the first 10 mins of this webinar and you'll hear JC in his own words describe it all for ya.

 

http://tinyurl.com/5jwpod

 

-fs

[MC 10]

Apparently, there's a lot of suckers born every day in the trading world. Over $2 million a year is how much JC and Hubert make from TTM.

 

Listen to the first 10 mins of this webinar and you'll hear JC in his own words describe it all for ya.

 

http://tinyurl.com/5jwpod

 

-fs

 

WOW...insane.

[BlowFish 10]

Thats more or less exactly what I said when I heard MC. I guess that answers the 'why do you sell cr*p if you are a successful trader' question. Answer because you can fleece suckers for a substantial amount of money without having to put your margin at risk.

[daedalus 10]

You've made lots of posts about TTM lately, they should just give you a free month for all the advertising going on over here. :helloooo:

 

I admit I've read JC's book and liked the core info, but I would NEVER dream of paying $1k+ for a dumb indicator, typically one we have here for free no less. :o It makes me sick to think people actually pay that much thinking they are getting a grail when they are getting boosted free code that represents little to no edge IMO. JC and HS make bank off people dreaming of trading, I'd love to see their track record for mentorships and chat room users. As in how many of the people that blew big bucks actually became net profitable from what they learned for that money...I bet close to none. A 5 day mentorship is like $7500 with them. :doh:

 

Anyhow...carry on folks. :rofl:

 

??? I didn't know i was posting a lot about TTM. Not trying to promote them, hell i think i've been doing quite the opposite. Heres a post in a separate discussion about their squeeze indicator i made just over the weekend... as you can see... i'm not exactly what you could call a fanboy.

 

http://forums.babypips.com/62982-post18.html

 

I am however, as the OP mentions curious about this new value chart/LRC setup because i trade off value charts as it is and always want to see how other people are interpreting that indicator.

 

Cheers!

[Guest forsearch]

Thats more or less exactly what I said when I heard MC. I guess that answers the 'why do you sell cr*p if you are a successful trader' question. Answer because you can fleece suckers for a substantial amount of money without having to put your margin at risk.

 

And that's why he can trade 30 contracts on a real account in his trading room and webinars without worrying about any losses.

[daedalus 10]

And that's why he can trade 30 contracts on a real account in his trading room and webinars without worrying about any losses.

 

He probably just writes off the losses as a business expense! lol.

[thrunner 10]

Apparently, there's a lot of suckers born every day in the trading world. Over $2 million a year is how much JC and Hubert make from TTM.

Listen to the first 10 mins of this webinar and you'll hear JC in his own words describe it all for ya.

http://tinyurl.com/5jwpod

 

-fs

Thanks fs, where do you find these things :o

JC said he made annually, $40K from his book, $980K from his web merchandises and $1.2Million from his subscriptions.

He acknowledged that he is no programmer, just good at powerpoints and presentations. He has found a niche and he tells a good story to newbies - he has found a very low risk way of making money in the trading business and in the video he credited most of that to the internet.

[Guest forsearch]

Thanks fs, where do you find these things :o

JC said he made annually, $40K from his book, $980K from his web merchandises and $1.2Million from his subscriptions.

He acknowledged that he is no programmer, just good at powerpoints and presentations. He has found a niche and he tells a good story to newbies - he has found a very low risk way of making money in the trading business and in the video he credited most of that to the internet.

 

No problem at all.

 

One thing to note. JC is president of TTM. Hubert is vice-president. At one point JC had hired his 24-year-old Latina sister-in-law to work for TTM at a salary of $80K per year as a glorified admin/receptionist (meaning: answer phone and e-mails, process orders, etc...), but she quit, apparently not realizing the gravy train she was riding on. Not pretty smart that one was....:crap:

 

Here's a link to a week in the life of JC that describes it all:

 

http://tinyurl.com/5cqdzc

 

First time I read it I wondered how or why he was paying her so well. I guess now we all know "the rest of the story.":rofl:

[BlowFish 10]

And that's why he can trade 30 contracts on a real account in his trading room and webinars without worrying about any losses.

 

Not sure if you are being sarcastic? Ahh OK I think I see what you are saying....poor comprehension skills on my part.

 

Kind of amusing that "Professional Trader and VSA Expert" Gavin Holmes trades live sometimes. Mind you the tiny little accounts are trivial compared to what they are raking in selling cr*p. It's kind of like train wreck TV, you just have to keep watching the presentations to see how low he can go.

[Bearbull 10]

Not sure if you are being sarcastic? Ahh OK I think I see what you are saying....poor comprehension skills on my part.

 

Kind of amusing that "Professional Trader and VSA Expert" Gavin Holmes trades live sometimes. Mind you the tiny little accounts are trivial compared to what they are raking in selling cr*p. It's kind of like train wreck TV, you just have to keep watching the presentations to see how low he can go.

 

Now come on, you got to give some credit where it is due, the world would not have heard of VSA or Tradeguider, not to mention the countless Chart Reading Machines who have been unleashed via the various seminars, courses etc ie. guys who can pull up a chart and tell you what every tinny-winny bar means, these are real smart folks with the ability to read what the smart money is upto, Now that would make them ultra-smarter, would it not;)

 

Am still trying to figure out the abstruse maths logic behind statements like

"90% of the volume activity is professional money" , now how does that explain 95% traders making losses. Then there are other gems like "Markets do not like upbar on high vol, and then Strength appears on downbars on high vol", I guess the latter was being put into practice when Nick Leeson was buying up all those Nikkie contracts as the market was going down and well before VSA days, real smart money going into the market, well you can hear all about that in Aspen if you sign up for the latest course, only 10k for you;)

[Guest forsearch]

Off-topic....

 

 

Kind of amusing that "Professional Trader and VSA Expert" Gavin Holmes trades live sometimes. Mind you the tiny little accounts are trivial compared to what they are raking in selling cr*p. It's kind of like train wreck TV, you just have to keep watching the presentations to see how low he can go.

 

Now come on, you got to give some credit where it is due, the world would not have heard of VSA or Tradeguider, not to mention the countless Chart Reading Machines who have been unleashed via the various seminars, courses etc ie. guys who can pull up a chart and tell you what every tinny-winny bar means, these are real smart folks with the ability to read what the smart money is upto, Now that would make them ultra-smarter, would it not;)

 

Am still trying to figure out the abstruse maths logic behind statements like

"90% of the volume activity is professional money" , now how does that explain 95% traders making losses. Then there are other gems like "Markets do not like upbar on high vol, and then Strength appears on downbars on highvol", I guess the latter was being put into practice when Nick Leeson was buying up all those Nikkie contracts as the market was going down and well before VSA days, real smart money going into the market, well you can hear all about that in Aspen if you sign up for the latest course, only 10k for you;)

 

Not sure what any of this has to do with TTM.

[MC 10]

Off-topic....

 

Not sure what any of this has to do with TTM.

 

While OT they all fall into the same boat as internet marketing machines. Thats the common bond.

[daedalus 10]

ANd yet none of this has ANYTHING to do with the OP.

[MC 10]

ANd yet none of this has ANYTHING to do with the OP.

 

Nope...and I won't expect a legit reply to that question myself. I think most here are not likely subscribers to the service...I could be wrong. Most here seem to despise vendors selling grails or indicators.

[thrunner 10]

ANd yet none of this has ANYTHING to do with the OP.

I think you are missing the point which is that the lowest risk, highest profit trades that JC and HS take are in marketing their merchandise and subscriptions. It is not in the trade setups that they market. So if you would like to learn to make money from them then do what they do (marketing) and not what they say they do (trading).

[daedalus 10]

i get that clear as day... but i'm still interested in this one setup.

[Guest forsearch]

I think you are missing the point which is that the lowest risk, highest profit trades that JC and HS take are in marketing their merchandise and subscriptions. It is not in the trade setups that they market. So if you would like to learn to make money from them then do what they do (marketing) and not what they say they do (trading).

 

Exactly.

 

And if the OP really wants an answer to his question, I say put your money where your mouth is and go sign up for the $5 TTM trial and find out.

 

Otherwise this thread serves as a catalyst to disprove the myth of TTM and expose it for the marketing machine that it really is. Kudos to JC and Hubert for figuring out how to milk it for all it's worth.

[daedalus 10]

Or if you really wanted to do that you could, i don't know, go make your own thread about it rather than hijack mine and take it off topic?

[Guest forsearch]

Nope...and I won't expect a legit reply to that question myself. I think most here are not likely subscribers to the service...I could be wrong. Most here seem to despise vendors selling grails or indicators.

 

True. We saw what happened when a long-time TL member tried that; it wasn't received well. Then again, if he was able to really make bank using his system, either he'd be trading it exclusively, or certainly he'd be able to pay TL to come aboard as a vendor.

[BlowFish 10]

i get that clear as day... but i'm still interested in this one setup.

 

Have you asked them about it? Maybe you can eek out enough information to find out where it was borrowed from. Are you interested in the indicator or the set up?

[Guest forsearch]

Sounds like he's interested in the setup, but doesn't want to pay the $5 fee for a 14-day trial of TTM to find out for certain.

[daedalus 10]

You can see hes still trading it because its all setup on this last video he put out... that being said.... watch when he enters the market... hes down 370 bucks per...

 

lol...

 

http://www.tradethemarkets.com/public/2561.cfm

 

maybe i'm not interested after all! :crap: