Do a search and you will read all you need to read about the course,I had a lucky escape a few months ago.
Okay, here goes. This question is asked at least every 6 weeks or so. His stuff works, but I couldn't make it work for me, and maybe it was because I was just beginning my trading journey. I know of a guy that trades 3 big S&P contracts and is doing just fine with Ed's methods. I wonder if everyone on this site that bashes Ed Moore has actually met him, traded with him, or taken his course. I bet the answer is a resounding "no." With that being said, what you get out of your trading will depend upon your passion and your effort put into it. That goes with everything in life, especially trading. Todd Mitchell is heavy into the fibs like Ed Moore. But if I recall correctly, Todd takes one or two trades a day and looks for 2 or 3 S&P points. In my opinion, that sucks.
How do you dare to tell your fellow traders that the stuff that is as basic as what your dear Ed Moore sells is worth $2,500?!! And according to Cathy he used to sell it for $7,500 just a few years ago. Why do you think he lowered the price that much? Does not sell well, right? Yes, I am familar with the course. I paid for that dearly. Enough is enough! I don't want anyone to pay for that, because they can learn the same stuff from books not more expensive than $200, at most. That's so much of an answer to your 'bet'. As far as Todd Mitchell is concerned, what do your base your opinion about his course on? Are you familar with it? It does not sound like that. So perhaps you should stick to what you preach and do not bash the guy you have not traded with and whose course you have not taken either. So much for a basic lesson in integrity. No, I don't charge $2,500 for that. It's free... Enjoy! Ed Moore's course is nothing more than stochastics and TICK divergence plus Fibonacci retracements. To charge for that $2,500 is outrageous. I bought his Option Magic course because I wanted to see what his 'Rhythm of the Market' is all about. It is included in the Option Magic course. It is a joke, completely devoid of any statistical basis. I was utterly disappointed. My opinion: save your money. Todd Mitchell is a much better choice because he offers a full refund guarantee. You have nothing to lose. Not to mention that if you like the course, you get a lifetime consulting with him, already included in the price of the course. Ed Moore charges $100 per month extra for consulting with his former students. More expensive is not always better. Ed Moore's course is a classic example that proves it. I do not recommend Todd Mitchell's course because I have not taken it. And I do not recommend Ed Moore's course because I HAVE.
in doing a little research i ran across this info. http://www.cftc.gov/enf/00orders/enfrhythmofthemarkets.htm
From CFTC order: Moore represented on his Web site that he had personally profitably traded S&P 500 futures contracts ("S&P 500 futures") using Rhythm of the Markets. In fact, Moore had not personally traded profitably. Moore also provided on his Web site his purported actual profits and actual rate of return trading OEX options pursuant to Rhythm of the Markets, which he presented in part as an indicator of the efficacy of the system for trading S&P 500 futures contracts. In fact, Moore had not actually traded OEX options between March 1999 and June 2000, and these results were hypothetical trading results, which Moore failed to disclose. ... Moore's Web site touted his past experience profitably trading S&P 500 futures using Rhythm of the Markets. For example, a letter from the co-author of "Rhythm of the Markets," Joe Conway ("Conway"), was posted on the Web site which referred to Moore as a "super trader" and stated: (1) Having watched hundreds of his trades with our methodology, I am amazed at his high percentage of wins. When he's wrong, which isn't very often, he can tell you why. I've seen him do dozens of consecutive trades without a loss in the S&P. On the average, I've seen him make $1,000-$2,000 a day trading one S&P contract. When he trades more contracts, he makes more money; and (2) The methodology is called, "Rhythm of the Markets" and Ed has made a substantial amount of money trading it. He is a trader who makes his living trading everyday. In addition, Moore's Web site quoted Moore as saying that: "Ten (S&P contracts) is enough for me to trade because my palms start to sweat when I trade more than 10." In fact, Moore did not actually trade S&P 500 futures for his own account. Conway was quoted on the Web site as saying that: "For his own trading, Moore tends to focus on the S&P futures and stock index options (OEX). He generally trades three to four times a day, once in the morning and two or three times in the afternoon." Moore's Web site represented that Rhythm of the Markets was equally effective in trading S&P 500 futures and OEX options. Moore provided on his Web site his purported history of trading OEX options for virtually each day from March 1999 to April 2000, including his purported actual profits and purported actual rate of return as of the end of each day. Moore did not actually trade OEX options in his own account at any time between March 1999 and June 2000 and his purported track record and profits trading OEX options were based on hypothetical trading... . end of CFTC quote. Another damn liar and he gets off with a $15,000 fine and a 6 months suspension of his CTA. Way to make him pay, CFTC.
His complete course, Rhythm of the Markets, comes with one-on-one telephone, real-time instruction. One single set-up in his course will pay for the course several times over. Ed has had his difficulty with authorities, but that does not take away from much of what he teaches in one fairly concise manuscript. By the way, Ed Moore taught Todd Mitchell!
Yes, Wally, I AM familiar with Todd as well, and have taken both courses........so stop preaching to me!
i think the bottom line is that if a so called guru will not send you his actual trading records to prove what he says you should run not walk away. one more interesting thing. in looking at ed moore site. he has some actual trading records from 1999-2000. not one oex option trade or s&p trade on them. since that is what his course is about that seems strange to me.
Ed is a poser....flat out. I sat by his side when he put on trades. In two days, he did 4 trades, and one was profitable. In fact, I truly believe these were "phantom" trades anyway, as he called his broker, he would turn away from me, and whisper very quietly in the phone. It just seemed odd with today's electronic technology he would do this. In addition, during his one profitable trade, Ed checked his voice mail and had a message from a prospective student, and he called him back immediately, and forgot he even had a trade going. I also have received a few e-mails from him in the last few weeks, trying to sell me more subscriptions to his charts on his web site. He is totally slick and purely a salesman. In short, he is full of shit. I have posted about Ed more than a few times, and I have avoided telling this story until now. Save your $2,500 for the option course, and the $4,000 for his full mentor program. It is a joke. Again, nothing more than a vendor......and a poser.