The first seminar is also crap but decided not to complain about it. And yes, its just a 20 Moving Average on daily candles combined with a MACD Histogram (5-25-5 on settings)
I made some photos on the workbook and uploaded them - mega(dot)nz/folder/0d1U2aTC#LMj-EM63dMMfPFV5nlDyfA - just replace the (dot) with a dot
You find pivot points on any platform, its an indicator but Sandy teaches how to calculate them manually (see the formulas in the link) - he just does that to make it seem more fancy and make it seem like he knows old secrets, he keeps repeating that âreal knowledge is ancient and ancient knowledge has been taken away from youâ - but thatâs crap again, old stuff doesnât work in trading because is old, prices are now driven by AI Algorithms that donât care about indicators and formulas. They only care about profits, balancing price and running after liquidity pools.
Psy numbers are round numbers, like 100, 50 and there is a theory that price reacts to them because people use them a lot. But maybe it was true 20-30 years ago when charts were on papers only. He will not show you how to exactly use them to trade, like how do you entry and where you take profits. He just talks nonsense, tells stories and quotes.
Some good work about psy numbers has been done by Ilian Yotov check his Quarters Theory book. Its interesting
But again: from âprice reacts to those numbersâ to âhow do I use this to make moneyâ is a big gap and he will not fill it. Also I didnât find no one online to fill it because the theory is useless. If someone calls this a strategy then we can call him a scammer.
I did backtesting for months on those things. I used to dream charts every night and couldnât sleep. I know what Iâm talking about and did all my homework before talking. I am not a failed trader, I am a successful one , but not because of this crap.
That Sandy Seminar ad reminded me to post this here, haha
I am curious how he shared results? Just some photos or written words? That can be faked, letâs be serious. He makes hundred of thousands of dollars per seminar. I think he is capable of lying for those money and no one knows because he manages those chat groups himself.
When you buy a car, you hop in it and see if it works, you donât watch a video about it and have it sent to you. You can be scammed like this.
Its the same with trading. The mentor has to find a way to send you results that cannot be faked. For example my mentor does live trading on tradingview or he predicts levels the the market will get to - you canât fake that and guess what, sometime he loses and we learn from that too.
I sent you an email. Please reply there with other questions.
He is using all timeframes. Pivot points is an indicator that can be found on any charting platform. They are not magic
Maybe you can use them in a bigger strategy as a sentiment indicator but whoever calls them a âtrading strategyâ is just a charlatan.
DO your backtesting on the charts and imagine how would you have traded them. Consider buying when the price goes up and touches a pivot point and selling when price goes down and touches a pivot point. Remember to look also for when your trade will be a loss.
I do not recommend going in any seminar done by Sandy Jadeja. Consider your time loss, your mental health, personal disappointment and all the money you will lose in the markets. You might thank me later. If you do join, come back and share your experience. And by experience I mean results, profits, not superficial talk like he does.
Thanks for the insight. I went for the first seminar, although it was simple, it helped me increase my account size 5 times. Thatâs when I really believed in his strategies and started to go for forecasting. But I lost all of it because the drawdowns were just way too high if the market is not trending.
I canât seem to access the workbook, but seems if itâs pivot points heâs referring to, then I could use the baby pips website to learn about it?
Thanks for the introduction to the book, will take a look at it. I think backtesting really helps alot before putting your money on the strategy.
Then youâve learned nothing and he didnât teach you the most important thing about trading which is MONEY MANAGEMENT.
You can take a 100,000 account to 1,000,000 but if you donât actually manage your risk youâll be bound to go back towards 100k if not just totally wiping yourself out. If you were risking a small pct everytime you traded even if you had a streak of losers youâd still be in the game.
Backtesting works sure but it also doesnât account to whatâs happening in REAL TIME. I can backtest my strategy from 2008-2012 and not get the same results today. The reason is whatâs happening now is totally different from what happened in 2008-2012. All to say I think the biggest problem with new traders is theyâre trying to use someone elseâs strategy to make money. Obviously as a beginner I tried some strategies and tweaked them myself but the biggest issue I kept running back to is why did the person initiate the trade? Sure they could explain to me their strategy and how the signals occur but what I noticed immediately is we are all different. We can all look at the same marked up chart now and we would all have 100 different opinions of what we are seeing. After that I truly said to myself if Iâm going to be risking my money on trades then I should know why I placed these trades. More importantly you start understanding your system, your way of thinking, how you operate when it comes to trading. This will help immensely down the long road and obviously theyâre some of us who require the coaching, mentor, holding hand to get us through. All Iâm saying is keep your eyes open and question everything someone tells you. Also you can always look online and find more information whether itâs a indicator, a certain strategy, or anything else in regards to trading. Donât just settle for one personâs word and thatâs in anything in life. Always do your own due diligence in making sure itâs accurate. I wish you all much success in trading and the babypips education is an excellent place to start if youâre TRULY EAGER TO LEARN HOW TO TRADE ON YOUR OWN.
Thatâs right, he barely talks about money management in the seminars. The main MM strategy is : put the SL 5 points or 5 pips under the last candle. Like all assets are the same thing.
His entry is: put a buy order and a sell order above and below the last candle with SL reversed and when the market goes one way you delete the other order.
Finding your directional bias from a higher timeframe or making multiple timeframe analysis is alien language to him. Positioning SL in a place that makes sense or using ATR to measure how much an asset can move is again too much for his teachings.
To think that someone can make you buy an apartment in Spain in 6 months because he has a genius strategy is nonsense. Otherwise we will all be neighbours in Spain!
I use a replay function to backtest. Itsâs almost like real time and makes you relize how much we like to fool ourselves and think that we would have taken every good trade in the market.
Its the same with scammers, they like to sugarcoat everything with quotes, promises, lifestyle and donât talk about what really moves the price or backtesting or money management because its not sexy at all.
I really reccomend you all to check No Nonsense Forex on YouTube. He has psychology and money management videos that are very good. Also his strategy is so cool if you think its good for you. And its all FREE! But again⊠free stuff its not sexy. People wanna buy to avoid work and end up losing all their savings and destroying valuable time from their life.
Yes youâre right another problem to me is the eager beavers looking for a holy grail system.
A doctor didnât become a doctor overnight.
A lawyer didnât become a lawyer overnight
A scientist didnât become a scientist overnight.
So why do people think youâll become a trading guru/millionaire overnight? Iâm not saying itâs impossible but itâs highly unlikely to happen and thatâs the truth. It takes hard work to be a trader and itâs not struggling to build a strategy or anything like that. The biggest hurdle a trader faces is themself. Yes your strategy might say take this trade but your human emotions will either get you out the trade to early or shorten your profits. Itâs understanding you have a strategy that works, your bound to take losses with your wins, and understanding you as the trader have to eventually get your emotions down packed. Thatâs the hardest thing to do, some people struggle for years to get this part down. If you can truly get your emotions in checked youâve won 85% of the battle. As long as your strategy fits your criteria and it has a decent success rate you should be just fine. As they say thereâs more than one way to skin a cat the same goes for trading. There are multiple ways to reach success in trading itâs finding what works BEST FOR YOU more importantly.
Like you said before, that MA strategy does not worth the money he is charging. That is a scam in my opinion. Other people just call it overpriced and they agree. I guess they donât care about their hard earned money. I doubt that they are profitable in trading at all.
I fixed the link - mega(dot)nz/folder/Idt2WKSa#8tycfwGBkNpIAo6D3wEkFQ - let me know if there is any problem
Yes, everything you find for free on BabyPips is what 95% of the traders in this world will try to sell you on big money. I wish you will become profitable so you can see how crazy this world is.
Thanks for the wonderful advice guys! I believe daily income would be referring to using pivot point for much shorter time frames - 3mins or so. Have tested it with the 5min charts with some success.
Sandy is part of CoreSpreads so he encourages you to use them, this obviously benefits him.
He provides you a system that trades on the 3 min charts. You will be chopped up entering and exiting throughout the day with his basic signals in this low time frame. However, the more you trade the more the broker gets and the more benefits go toâŠ
His signals like most charlatans out there only work in hindsight, eg âYou could have made this much here to here and you could have made ÂŁÂŁÂŁÂŁÂŁâs so my course is cheap and a steal at this price.â He will never do a live trade call.
Iâve recently bought Sandyâs latest seminar on daily income, which consisted 2 techniques to be traded on DJI since it has proper level of volatility these days:
1- Scalping technique using Keltner Channels (13,1.3), i researched around the net and kind of found to be similar to whatâs called the Volatility Box, if ATR(5) is above 20 then it will provide good amount of volatility (pips) to be earned from 15-35 pips (outer line to median line diff)
2- Swing technique (i guess thatâs how itâs called) using RSI (21) indicator to mainly go a bit long and achieve bigger amount of pips, 50-400 pips.
Both techniques seem to work nicely, but also seem to fail in multiple times, i feel thereâs more proper trading knowledge needed to raise the success rate of those.
Iâm a bit skeptical in Sandyâs other courses, i donât feel theyâre false, but can be mostly overvalued with simple free knowledge, he has capacity to teach trading to normal people and make it seem simple.
For almost $900, he did 4 hrs seminar, did another 2 hrs seminar after 1 week (to recap after 1 week of practice), then couple of weeks after he did 2hrs live trading session (It didnât provide much opportunity, but he was trying to catch and explaining anything available). Few weeks after, he did 2hrs session on traders psychology, then did 1 more session as a recap for those techniques + to promote 1 more trading strategy & his forecasting course.
If you ask me, he did enough seminars for that, but looking at the amount of people registered (1600) on the other hand, it was probably worth it for him to do that.
Iâm mostly thankful for him now for introducing me to the trading world, where im trying to learn it more properly by researching and reading proper books.
I looked up the free training material in here, and was frankly impressed with the course syllabus, iâll make sure to go through it here
One note regarding the forecasting course, that itâs being related to fib numbers ancient numbers and solar flares cycles.
Honestly, i donât find it to be strange, i believe any seasoned traders heard of W.D. Gann. Thereâs a part from his teachings binding astrology with the market cycles along with the esoteric teachings about numbers (pi, fib, etc)
Couple of famous traders like Michael Jenkins & Constance Browns mention it in their books/teachings as well. I know some traders whoâs doing really well in the market with those teachings.
Wow you really couldnât describe with better words.
I have taken His course as well and i felt into trap while i was at the event from Success resources in Birmingham UK
He was really charming and convincing so I decided to sign up.
I surely was convinced by his stories and the fact that he was introduced In the stage as one of the top 50 financial strategies in the world. Just because of that I thought the money was well worthed.
Once I attended the seminar in London (Fast Profits) I realise after the first day that he was full of shâŠt as he was spending more time telling stories than teaching.
Then he started talking about the Ma crossover and simple market structure and I soon realised that I was being sold an idea that wasnâtât there.
Sandy appear as a really genuine individual but is nothing more than a great Sales Man
My experience anyway was really similar to your experience, other than the fact that he promised to send once a month a signal but after the first one no one ever heard of his signals
The only time he was sending messages on the chat group he created was to tell us a story about a meeting he had with key level people in a restaurant or at the airport.
Hope this post will reach as many people as possible and hopefully more people who have taken his course can share their experience.
I also attended his fast profit course two days in Dubai and same experiences .
Full of story .
But people telling daily income course is good for daily income .
Do you have any ideas on this
I Would not recommend it. Everything he teaches is super basic and everything he teach is available for free online.
For real, when he talk about those secret strategy or that what he teach is what Wall Street is doing to move the market is simply not real.
People who have taken his course are usually people with no knowledge about trading and even if they feel the value wasnât there they donât admit it because they donât want to feel like the only one who have âfailed â in learning
Also as those people have not taken other courses are not able to compare the experience with others courses.
Trust me, save that money to open a real account when will be the moment and in the mean time you can get some course online.
Usually those course online are very good, are complete and cost a fraction of what you should pay.
Also when you get courses online they donât waste your time telling you unnecessary stories
If you need suggestion about good courses let me know.