Scott Shubert Method

Beginner Questions
21

Well just in case any one was wondering what I mean by developing your on strategy I’ll try to make this simple and short.

The market only does 3 things: Up, Down, or Nowhere (sideways).

Now what you want to do is ask yourself what type of trader you want to be.

Do you want to be a trend trader or do you want to trade sideway markets. If you want to trend trade then only focus on trend trading systems.

There are trends for position traders, swing traders, and day traders. In other words there are long term trends, medium term trends, and short term trends.

If you are a long term trend follower trade in the direction of the weekly or daily. If your a medium term trend trader trade in the direction of the 8hour or 4hour. If you are a short term trend trader trade in the direction of the 2hour or 1hour chart.

Now what about the sideways market, well in my opinion a sideways market is good for scalping. I think that support and resistance is more important when it comes to this style of trading. I personally believe that daily or weekly pivot points are a good start for this style.

Trend pros and cons: If your in a good trend your gain could be through the roof but if you get stuck in a sideways market, it can be a painful and frustrating time. Good money management can help you when this happens.

Sideways pros and cons: You will have more trading opportunities and can make pretty decent gains buying Support and selling Resistance. But once the market starts trending your goose is cooked. Good money management can help you here too.

So ask yourself a question: What type of technical trader am I?

If you choose trading trends only look for trending markets and only use trending tools or systems.

If you choose sideways only look for sideways moving market and only use tools for sideways markets or a system for sideways markets.

For beginners I would pick just one of these styles and master it. Then when you are more advanced look into adding the other. Once you found out what you want to be it’s easier for you to pin point your opportunities in the market.

Again there are more ways than this to be successful in trading there is no one way. But for now make it easier on yourself and find out what type of trader you want to be. Then read books research strategies and learn the tools that are focused on the way you choose to trade.

Hopes this helps

1 Like
22

Well, i just received my Trading Mastermind course. I’ve only made it through two major topics so far, but I’ve already learned several new facts and new ways of looking at price action and indicators.

Much of the material I am already familiar with. The presentation may strike some as pedantic or base, but Shubert weaves the material together in a very engaging way, and there are definite pearls (think ways of perceiving) in the simple technical information he conveys. And its not all simplistic.

As to the the Shubert Accuracy method, i’ll give it to you for $100. or i’ll take $20, just call 1-502-BAD-FISH.

ha. no… i don’t like what happened to Cardwell. Intellectual property, karma, et cetera.

Anyhow, its A+, worth the money. I personally recouped the cost on day one of trading this method using 3% risk…and then some.

I like how he ties in perception and trading psychology to the method. All the videos are worth watching, and the method is worth the cost.

I’ll still use RSI and patterns, which really fit with Shubert’s method, and use the 1 and 2 SD bands for trend monitoring, but otherwise i’d leave this one the way it is!

my two cents

23

Hi,
Do you think Scott’s method is for someone with ‘0’ forex experience?

24

Vegas00,

Well, do you have trading experience? 'Cause i wouldn’t recommend live forex trading to anyone w/o trading exp.

Assuming you have no trading experience whatsoever…i recommend you look up Shubert’s free videos on his site or on youtube, he is listed on there as tradeartist. He lists some books to read, including The Candlestick Course, Technical Analysis of Stock Trends, and Technical Analysis for Dummies.
Read those prior to his course.

If you have some trading experience, but zero forex experience, then YES, for sure, his course is great. Actually, he includes a workshop for beginners in the course with a bunch of excellent introductory material about the currency trading business.

25

If anyone wants to exchange the schuberts method with me via ftp I have a lot to offer I can give you Ed Ponsi’s course, Peter Bain’s seminar, Boris and Kathy’s seminar, complete drummond geometry course, Kishore M course, trading in the buff course, Vic Noble’s course, triad trading formula, Robert Prechter’s original EW course, Jack Scwager’s seminars, Larry Williams seminars, Bill William’s eminar, tradeX course and lots more pm me for details.

I’m only interested in swapping for the Schubert method.

26

I’m glad I found this thread. I have been asking a lot about Scott Shubert. It is my friend who told me about him because he bought his trading course. I visited his website and it seems like he is coming up with another course, if some of you guys say that his method works, should I go buy his course? And what is that Platinum group of his?

:confused:

27

Watched quick video,
same Bull$%#@ as all other that sell systems.
Want to know about Bollinger etc…?
Head over to Tymen1 “Candlestick Trading” and you get it ALL for free.
One exception, on Tymen you are required to be able to read, learn and comprehend (over time). :slight_smile:

28

I got the Shubert course about 7 months ago… evidently even Shubert himself no longer uses his original method from the course. It has changed, and even after watching the extra videos, i’m not exactly sure what his current method is exactly.

I learned a fair amount from him though. Learning about Robert Miner was probably the best thing I received from the Shubert course.

I did make money with his method, but profitability over time is not the same as a good few months (which is all i can really vouch for with Shubert).

29

Thanks for your input natureboy;)

Really appreciate it.

30

Not likely. :D:D:D

31

Has anyone seen this?

forextradingseminar.com/blog/148/exclusive-first-look-at-the-yin-yang-forex-trading-course/

33

Hello. I have some comments. If you want to dabble in trading or make trading a hobby then free systems are fine. If you want to make a ton of money in the forex market I recommend you take a profesional approach. That means you invest in quality forex education and training FIRST. I took Scott’s course a couple of years ago and it didn’t click at the time so I set it aside. He sent out an email a couple of months ago saying that they had openings in his platinum trading group, a daily trading webinar. I signed up for that. The results for me have been phenomenal. I am consistently profitable and if I told you how much you would probably accuse me of lying. Many of Scott’s students have that happen. At a certain point the light bulb goes on and you get it. So I recommend his course but especially his webinar.

34

I toook his advance method as well after buying the basic stuff. If i really had time i would have been gettin the results you were but my job got in the way. Alot of his webinars are around 8am EST and by the time he got crankin’ if was off to work i go. at the time it was very pricy per month but I am sure its well worth it if you have to the time and money. I have alot of time now b/c no job now I have to find the money. I would reccommend it. if you want to link up email me

35

Haven’t visited in quite awhile. That sounds really good darellmatt. It looks like you have made a lot of profit from Shubert’s method. I haven’t read any reviews for his 2nd course yet. Hopefully I can find one soon.

36

I don’t have this method to exchange, youtube video has been removed by the user. :frowning:

37

I came across Scott Shubert’s Trading Mastermind and found out that he is going to be in Sydney this April for a live forex trading workshop. The information that I read said that attendees will get 2 months free training with his Platnum Trading Group. That sounds really interesting for me since I would like to start trading soon. I hope to meet and greet other traders in this workshop.

38

Previously i subscribed to his newsletter, just wondering if he will send anything that may help me. Then I found out that he started doing some analysis videos posted in his website which is great because I will have a general idea how he trades. it can be found forextradingseminar.

:slight_smile:

39

Lol, another one poster username, promoting some crap system which drains your account.

41

hi, would you like to exchange method with me, i have one very good and easy to to do, if you have kishore m bye

42

you can copy and send by post and i can do the same i can send you to courses you send me kishore if you have paypal i can pay yhe post
bye