My first Review:
Live with Oscar with ex floor trader Michael Carboni or Is it Oscar Carboni or neither? My understanding is he was a 26 yr floor trader veteran course I can’t find anything to verify that information.
I joined www.Livewithoscar.com aka www.futuresanalysts.com in December of 08 under username dannystang. This site seemed a little different from others I have experienced right from the get go, you are treated to a free room where you may see Oscar on camera talking about markets, the users welcome you right from the get go and instroduce you to Premium a $400 a month service where you make “the real money” and Oscar caters to your every whim.
One of Oscar’s employees immediatly welcomed me and told me I could have all these services “Free” as a special VIP member, sounds great. Oscar ask me to call him, and immediately I am greeted by a very charismatic Oscar who explains to me for minimum of 10k in his brokerage I to can trade futures with a professional who has made people 100’s of thousands of dollars.
Hmmm…You-tube guy screaming alot, trading futures, claims hes not like other snake-oil salesman, who makes people 100s of thousands. He even had one guy make 26k that month who just started! Holy crap - I am IN! He further explains he can trade my account as hes does full service for his V.I.P.s my only question was what was the downfall as futures trading is risky right? He got a little more aggressive, and explained what downfall can be had with 24 yr veteran.
Oh he did mention one little other detail, he charged $50 per contract round trip, I believe my think or swim account is $5 for comparison purposes.
Looking back you realize how dumb am I? But all these people making killer money can’t be wrong right?
So I begin my journey into the premium room, Oscar generally takes 2 trades, 1 being his normal trade another is called afternoon delight “AD” which supposedly is 90% correct? Right off the bat I began to notice this wasn’t a trading academy as he advertises but trade where he says when he says and don’t ask why. Naturally nervous I ask him to take my trades for me for just 1 week as I was not use to 15-16 pts stops ($700-$800 per contract) he tells me no problem.
A week goes by and he opens a chat window and tells me listen your not trading you need to trade to be in here otherwise your not learning anything. A little baffled I remind him of the 1 week agreement and he tells me I really need to do it on my own. Ok fine afterall this is a professional he must know what I need to do.
I begin my trading…first I notice little things in chat which had me casting doubt, people being banned for disagreeing with his Technical Analysis, others just going crazy calling him a scam artist…Hmm something might not be right here.
3 months go by…30%+ lost at an average of 10% loss from base per month. Wait a second things are not adding up here. Oscar constantly asking me if I had taken his trades (I did avoid the euros trades and Wheat as I saw his stops were 2k per contract seem a little nutz I had already seen 2 stopouts). I was fed up started analyzing his TA as there was something similar I had seen on other blogs.
Then the shit really hit the fan, I found a site (will post if owner is ok with it check back) who had posted omni levels BEFORE oscar ever posted them, with explanation as to WHY and get this: FOR FREE. Wait a second here, I had paid for Omni / Oscars commissions, learned absolutely nothing (he does draw pretty channels and head and shoulders) and lost money.
How could the technical analysis be identical? Oscars a professional right? Who brags all day on how he makes so much money and is only doing this to help new traders make some also. I begin to ask him how he gets to hit technical levels. He ignores me day after day. Finally I was fed up and on the final day I planned to be there he posts a short in premium 2 pts below what this free site said a good short would be. I ask why not 2 pts higher and he gets very upset and tells me not to question him, as a matter of fact someone in the same chat tells me no one questions the 10 commandments. This is getting out of hand. I tell the room goodbye.
Oscar proceeds to open a chat with me and once again asks if I had taken his trade (which was short continuation the the day befores fall) I respond that I was already short from the prior day in an etf so would not be trading es (futures) and he begins barking about his money and how he needed to make his commissions (right this is the same guy who is helping new traders cause he can make millions on his own).
What proceeded this was my withdraw of account from Doorman the clearing firm he uses. He banned my account as in his own words “not to poison his other clients”, and removed and you-tube posts within minutes as there is nothing that terrifies this gentleman more then people knowing the truth of his service. He further told his audience I had to be banned because I would call him at 4.am (what a lying scumbag really)
To summarize, as a premium member I was motivated to cheerlead for Oscar, he would ask us to “get some of those guys in free chat here” post postitive you-tube ads, and never question him ESPECIALLY in public chat. (he monitors private chat btw).
Futures trading is risky and I am not complaining because I lost it was a risk I was willing to take.
This my experience with a Liar, who overpromises, underdelivers and worse preys on inexperienced traders. What really adds insult to injury is his own employee admitted to me his account was nearly blown apart and he did not know what to do. What kind of garbage individual who claims to make ungodly amounts of money have a member of his own team losing at trading? If this his how he treats his own employee don’t expect any better.
You have been warned.
Danny
(Note: Here is another ex-premium member post on elitetrader forum link)
Well that’s another $1,200 losing trade for only 2 contracts, $1300 is you are a VIP member. Omni is back.
Week is young!
Week is young omniacs
Only a $1200 losing trade, $1300 if you are a VIP Member!
Plus no reminder to exit before the close, maybe he forgot or maybe they got stopped earlier! Either way big time loser, just like Oscar.
Up Yours!
Sugars closed and a big no show by oscar, what a legend, awesome way to leave all you followers out to dry, not even a warning to be out by 2pm, thats just great you big ass fraud. I hope the NFA nails you to the wall
Thats a Big UP YOURS
3000 comments , now thats a good effort ( alot better than the Nomni and the no show Noscar)
Reading threw the old posts , i missed the good times 0f April & May, so many traders bashing the hell out of Noscar and fading him at every opportunity.
What happend to the CTFC investigation?
Oh no more flashes today, is Noscar in his “satellite” office again having a good ole cry
jaybee says to (15:38:21):
O, re your experience and market knowledge, why was sugar so strong today, and how do you expect it to behave now after the FED.
oscar1 says to (15:38:50):
did not understand the sugar move
oscar1 says to (15:39:06):
will do analysis to try to make sense of it
The only way Noscar could make any money is if he printed out all the 3007 comments bashing him and put them in a book , they’re so funny and so sad at the same time. ( actually i might do that, dibs on the copy right)
Can’t believe he’s gone threw 8000+ members and 0 (thats zero) have made a dime from his calls ,except those that faded him.
How did the chat room go today, filled with happy customers? oh no
Is allens’ Omni Refugee Camp still up and running, theses a few new recruits after todays action, would be good to talk to some of the old trades
From sugardaddys post:
oscar1 says to (15:38:50):
did not understand the sugar move
oscar1 says to (15:39:06):
will do analysis to try to make sense of it
IF HE DID HIS ANALYSIS RIGHT THE FIRST TIME HE WOULD HAVE REALIZED THAT PRICE WAS BOUNCING OFF AN OBVIOUS POTENTIAL SUPPORT AREA ON THE DAILY AS WELL AS FORMING CHANNEL OR POSSIBLE BULL FLAG. CAUTION WAS NEEDED. GREAT GUIDANCE FROM A 28 YR VET, AND HE DIDN’T EVEN BOTHER TO SEND ANY FLASHES. IS THIS THE KIND OF MENTOR YOU WANT? DEFINITELY NOT WORTH THE $400/MONTH THE NEEDY PREMIUM MEMBERS PAY
wiseup.
you nailed it on the nose. there was obvious support there and should have been traded with caution. but that’s not how Omni trades. it just looks for the trend, if you can call a 1 day move a trend, and goes with it. never thinks a counter-trend could have happened.
He didn’t understand the move? WTF. He claims he spends hours every night looking at charts. How did he miss this one? Sugar has been trending up since May, this was just a healthy pull back, and now the up move should continue. News came out today about the drought in russia and how they need more sugar. The news was in the charts Oscar, only if you knew how to read a frickin chart.
The fact he has to go back to the charts to make sense of it, is the worst thing he could have said, he should have seen the support level, we bounced off the fib long setup as well as the trend line From June, within a couple pennies. Only reason he traded it today was because he wanted revenge on Sugar because he missed out on the move yesterday. and as usual if you revenge trade you only get the beat down. and the omni took a huge 1254 (1354 after commissions) lose on just 2 contracts after only making 336 (236 after commissions) yesterday. This sums up his trading style. little gains and huge loses. It should be the other way around.
Up yours Omniacs. Protect yourselves
LOL
He sends out his rec on beans at 7:36pm and then front runs the position 6 minutes later. This guy is really desperate!
Sht whats this clown doing now, gonna sit no a beans trade all night?, hey Noscar theres no one left to take your crappy trade, their all broke after the sht sugar trade , and if they did by some miracle they have an account left why the hell would they follow you into another trade when all you do is run away crying when it goes bad, you have to be kidding me, more Nomni refugees heading for the boarder, your finished Noscar - , stop kidding yourself , the games finished- no one likes you anymore, and stop with that “I will keep you informed” BS, we all know thats a bald faced lie, informed like in sugar, informed like in mondays second ES trade. Stop smoking the wacky weed - you’ve become delusional
NO thats being to kind, you’ve not delusional , you’re plainly phuked in the head, I’ld fade you but its too late in the day (no wait its blinking 9pm), you might as well go take a ES trade as well, at least it has more liquidity in it, hahaha we could see if any omni fools take the beans trade because the volumes so low , oh brother, what a douche, hey oscar wheres you stop at ? 1037 or something retarded like that. bet the quick beans trade came out to hide the big fat loser in sugar
[03:20:08] oscar1: watching a Decon Alexander fight on HBO
[04:07:39] oscar1: wow. what a fight
it’s 2:00 AM for the champ, can’t be in the room during normal market hours but working hard all night for loyal students.
Oscar entered short at 1023.75 market rallies against him to 1029.5 then breaks to 1017.5 where he proceeds to exit 50%. Nice trade nothing like taking 6 cents of heat on 100% of your contracts to only make 6 cents on 50% afterwards. This must be some kind of 27 year old veteran trading. Markets back at 1023 as we speak.
WD Noscar, great trade in beans, yeah lets get chopped around in a over night trade in a market with little liquidity while the ES tanks, didn’t you see the 25 handle drop in ES coming, guess not, now you want to sell ES, aren’t you abit late on the train, Omni says it never to late to chase a trade.
Surprised you don’t want to sell EC as well , its only slipped below 1.3, you can chase that as well
UY
Oscar1 says:
The week is young Omniacs! We still have a chance to break even for the week. Still working on breaking even for the year as we are still “in the hole”. (I love using quotes even if not “needed”)
UY… always and forever…amen
lol
LOL Noscar knows he’s screwed and he’s even started praying lol, in the hole- what a understatement. Chance of breaking even for the week/year. More chance of winning the state lottery, keep on digging Noscar, you’ll be in china before you know it.
Is there anyone actually left in his rooms or is he just talking to himself
UY
Wow, Did he really miss this entire euro move and ES? Oh yeah, don’t worry omniacs, well get a piece of this short, as soon as it turns up! I would like to get into this other chat room with allan. can someone give me a link?
Looks like it “big fat foni”, his years of experience told him to stay out because there was a real chance of make some money (and his track record show he’s not into taking winning trades (surprised he didn’t try to buy it instead),I can’t believe it- one of the best trading days of the year and he completely missed it.
Enough said, if his nomni fools don’t realise this then there is no helping them
Check out this ares licker on youtube simla005 aka rj007, that fraud Noscar is their only subscription/ they like EVERY BrokeWithNoscar video and are always giving him BS brown nosed comments, sound like another paid employee or a fake account noscar setup to lick his own backside,what a F’N con
contact me at allantrader dot gmail dot com
I dont know what you bashers are talking about, today i sold es two ticks from high and bot it back two ticks from the lows, what else do you want? I rock you suck.
UP YOURS
Ive worked too hard today, 10 flashes total, exhausting.
Oscar1 says:
I don’t know who’s keeping score but Omni has had one winner in a row and has been REALLY in tune with the market lately. So you shouldn’t have any problem if you follow the flashes correctly. Heres to a profitable year….the year is young Omniacs……lol
oscar1 says to (08:46:08):
sold 1087.50 last night’
oscar1 says to (08:46:13):
VPOP members omni
Tiger88 says to (08:46:43):
what’s a VPOP member?
oscar1 says to (08:47:17):
if you have an actively traded account with me you get put on the VIP list
my, my, my said the spider to the fly…..
Wheres the ES trade?….what were you waiting for Oscar?…the resistance area was clearly defined. If it it hits it again it will be the third test which increases the risk. But price was still bearish as of yest close so lets see if it still wants to stay in the range. Pretty moronic to choose the Yen over ES. I think you may have ruined your chance to possibly break even for the week. UY
funny how he mentions his vip trade when he has a winner, but fails to bring it up the other day when he had the only one vip flash.
Don’t get suckered into that play guys.
Oscar1 says:
Have a great weekend Omniacs. Lets see if we can keep this winning streak going next week and actually finish in the green for the upcoming week.
UY
Oscar is trying to take credit for nibble trades when it hasnt even entered his actual trade zone. Good job on that stop out on that japanese yen. Thank god im not longer in the academy anymore. Its nice being long the euro from 2745 (oscar why wasnt that easy trade on your charts?)
I noticed he didn’t have a time stamp on the yen stop out. that’s a first. prolly trying to hide the fact of when the stop happened.
That euro trade sure is purty!!!! Why play the yen when the euro was so perfect? maybe the stop was too tight for his liking, the stop wasn’t an accoun killer like his normal plays.
He just went in NQ with over a 20 point stop? WTF
glad to see Oscar got another winning trade today. for those who are not keeping track home he made 2 good trades and only 1 bad trade. the sucky part is he still lost $1000 today plus commissions. made 400 on his nibble short es, 400 on his full load on NQ, and lost 1800 on the yen trade!
Up Yours Omniacs, keep those commissions rolling in VIP members!
Just another lesson you will learn at the Omni trading academy.
Why is there no one ever int eh Camp alumni chat room? what does that day?
Oh really omni
Actually it was 1800 japanese yen that omni lost today, its magic, dont question it, so its not that much in US dollars. OMNI RULES
UP YOURS bashers.
[05:18:06] oscar1: ill await a topping situation and try to ride that tode down when it comes
[05:18:44] sedoo: but OMNI arrow pointing up?
welcome to Omni world
Poor noscar missed his entry
To be honest im surprised the fuck didnt try to flash that he was filled. Maybe hes turning a new leaf…. bawahahahha
gotta love the call today. he claims he got the low tick again today, but told everyone to front run that low tick by 4 hours. The best part is it hit his profit target but he was too scared not to trade his plan and exited 8 points before. missing out on a lot of profits. but commissions are the same!!!!
Up yours omniacs
You may begin entering here as we never know if the omni level will be reached.
Translation: enter here so I can guarantee my commissions just in case the omni level is not reached. Nice trade Omniacs!. UY
1st Flash Update for S&P 500 & EMINI 00:24:50 OST/EST
Last price = 1089.75. You may begin entering into your short positions at this time. Keep your stops in place. I will keep you informed.
So the stop is 10 points above omni entry level which is as far as mid 90s, yet we can start entering in the 89.75, so stops are over 15 points. WOW, 28 year vet has this awsom rec? What do i know.
27 YEAR VET, AND IS EXTREMLY NERVOUS WITH HIS TRADES.
He made another great call today, but failed to go after his targets that were hit. how can a man who has traded as long as he has not trade his plan. he called the low yet bailed 12 points ahead of it.
he got in at 1092 and bailed at 1086? it went to 73. so he risked 14 points to make 6 and if he waited another hour he would have made 18 points.
What a frickin loser he is.
For you newbies, how can a man who has no problem risking 700 a contract be happy with only making 300 at best and if he waited just another 60 minutes you could have made nearly 1000.
Another great no fill day for the omni you liar!
Es flash said to enter 5 points ahead of the rec and to go short as we get to 1066 and higher. es never got to 1066 yet some how he got filled and is exiting.
Same holds true with the euro trade he says to front run the rec by 40 pips “as we rally” but the flash came out as were dropping, there was no rally as the flash came out, yet he wants to claim he got filled.
Oscar what happened to trading your plan, or is your plan just to get into any position as long as you get your commissions.
I think this is the first time ever he has actually mentioned the runner he held overnight. he actually made money but i wonder if he would have mentioned it if he was stopped because that’s what he normally does.
LIAR!
euro rec had over a 120 pips stop because of his front run, yet he takes half off at only 40 pips gain on his phantom fill.
ES rec had 0ver a 15 point stop because of his front run and yet he takes half off at only plus 6 on his phantom fill.
If you are gonna lie about being filled on your positions you should at least try to make more phantom profits, after all we all know you are not really trading these recs. Maybe in your sim account.
Also notice he didnt post his “we were filled up to *******” price. just more proof that he was never filled on those trades.
I asked in the chat room and everyone missed the fill on both recs.
We Lard Ass says “We got filled…..” The WE is not Oscar + Omni, it is some dork in the Copper or Premium room saying he got filled at that level. Or, alternatively he just makes the fill up.
120 point stop on Euro?Geeez if you can afford to lose that much money you may as well just be always in the market and never be wrong lol
Go figure another Monday and Oscar is a no show in the chat room. Must have a losing trade or two!
Yeah im long ES at 1062 and long euro about $700 back, so im only down about $1k so far, but day not over yet, we may be saved. Specially if we defend.
UP YOURS.
Dukes up for those Idiotiacs that are still breathing. Funny how that euro long didnt work?
Funny how its frickin awesome when they omni makes 5 points on the es or 30 pips on the euro like he did on 8/25/10 with his 4 flashes a piece. but its only sad we lost 14 points today on es and 70 on the euro. Before commissions.
Week is young Omniacs
Oscar… don’t say the week is young when you know you most likely won’t trade the whole week due to the holiday… and did you see the signs in the dollar and euro that screamed it may be a good idea to step aside today?…not to mention the UK holiday and the BS with the yen. Great decision making from a seasoned vet. dukes up forever and ever..with sugar on top
OMNI DIRECTION for 8/30/2010
S&P - Up arrow
Euro - Up arrow
Bean -Up arrow
Actual Market Direction for 8/30/2010
S&P - Down arrow
Euro - Down arrow
Bean - Down arrow
DUKES UP
Anonymous
Whats your point? They still coming like theres no tomorow.
UP YOURS
Es flash was a front run of 10 points today, but didn’t adjust the stop? That’s at least a 24 point stop. Sure hope it is worth it!!!!
Euro already above the stop level this morning.
Week is young, Omniacs, Keep your dukes up!
Exactly oh really omni…..good luck with this one Oscar…way to follow your plan….and why would you short near the bottom of the current range…better to wait for a more desirable setup. price just hit 1050.50 as of this post……so if you entered based on his last flash your already 7 points in the hole…..lol
lol….Omni is done trading for the week….I thought the week was young….lololololol….dukes up
He’ll blame it on the holiday week rather than his piss poor analysis and decision making. UY Omniacs. Nice trade!
[10:23:13] oscar1: i feel like a bitch slapped babe in the woods this week
his room is like a frat house….
[10:46:24] oscar1: to anybody who added and
stayed in euro this is EXIT TERRITORY
this is after a flash saying he was stopped out
his shadow traders were out….
anybody who calls his own trades would have never given that much room to an intraday stop
he’ll spin this euro trade into a positive
unreal
Hey Difssy, (i.e. Hassy + Dif) Now u clowns have offices in UK and Netherlands? ROFL, is that Hassy in his satellite office in UK and Dif in Netherlands? Double account every month? But yet start off with a fresh 10k sim every month? Why not continue to double a compounded account? By now you two should be multi millionares. Bhaahahaahahahah whahahahaha.
with 90 minutes left in the day oscar flashes to move stop down to 10 points above the current price. really oscar you think you stop is safe that high. do you think it would get to 53 then reverse and make money???? You POS you had the chance to get out at Breakeven for your horrible 10 point front run of your own rec. if you acutally stuck with you plan and traded the rec you might have made money on es. like you claim to have on the NQ.
Oscar grow up and get out of this business before you wreck anymore families.
Trade just two contracts yesterday and today you have lost over $5,100 dollars. But then again its only a sim account isn’t it for you oscar. you need to control your self before someone hunts you down.
Oh yeah, your rec on NQ said to sell the mid to high 1770’s. Why would we believe you when you got filled at 1781 at the high tick. Liars have a hard time remember what they said. its obvious you forgot your own rec.
Looks like the big O got stopped out on the euro right about where I was going short. Am I ever glad I got out of that room.
$5,100 in 2 days? lol
and this is the guy who says its ok to start trading on a $10k account
rec short low mid 1050’s….
1st flash, start entering here 1043.50…10 pts below rec
2nd flash..add on positions at 1052..WHAT, you’re already down 850.00 per contract…insane…nobody, I mean nobody holds a day trade for a stop like that, then add on !!!!
3rd flash…move stops to 1055.50 or exit here, 1045
I believe this is the craziest trading style I’ve ever seen, even for Oscar.
He’s been in Vegas too long, this isn’t trading..this is shootin’ craps.
Good news Omniacs, your accounts are safe this week. Oscar is calling it a week and will not provide any other rec’s this week. Sorry if you prepaid your membership. At the beginning of the week Oscar warned it would be a crazy week because of the holiday.
Don’t ever forget about his 24 point stop today!
This guy is a joke save you cash boys! Buy a book or just trade pivots.
GL OmniSUCKERS
“OMNIACS
As with all major US Holidays that involve a 3-day Holiday weekend as we approach the holiday this weekend OMNI ceases trading until after Labor Day. As you may have already seen Monday and Tuesday the markets are quite thin, erratic and very unpredictable. I advise you to do the same and simply call this week a done deal. We will see you all again for studies and analysis after the holiday. Have a Happy Healthy Holiday Weekend.
Oscar”
Is this guy for real? Hes saying the markets are thin and erratic. Volume for tuesday was 2,516,451 which was COMPLETELY normal. And this market wasnt erratic it just bounced right at the pivot and continued its descent after fomc minutes. Looks like noscar is afraid to lose any more money for the week (since its so fresh in the omniacs minds) that hes calling for a vacation.
One word: LOSER
Allo allo…… so Diff and Hassy have their own service?……. Well maybe it’s a good service, lets face it, it cannot be worse than omni…… what is this site anyway?…… Surprised there is no reference to it listed to it (address)…….Oh well, I’m sure they can do ok with omniac refugees….
Be Good DANNY
PS address please…I need help with my trading….please!
Chrissy
Can you believe it that Oscar is making a 3 day holiday week into a 6 vacation period?? His customers must be mad silly.
is karen back? what happened to her and that guitar player?
He must telling his omniacs to spend all the ‘gains’ they have made during the first 2 days of trading. LOL
Is market open on monday?
So Oscar… are you going to credit your subscribers accounts for the days you decide not to give them your top notch service of losing recs. Wow,they are really getting screwed….first, they pay you money for losing recs…then they lose money because of your losing recs…then they pay you for no recs….wait, they may be actually SAVING money without your recs…lol
Oscar was in office today, he is buying a 5 acre piece of land next to his compound. Looks like business is doing well.
Up yours doubters
Happy…you must be one of the 7 dwarfs, along with Dopey…Oscar is Sneezey, always sniffling
check the post July 15
“Oscar said may times, he owned the former ‘compound’ . A search of the Las Vegas Clark County records showed that he was in fact renting the property.”
and yes, perhaps he’s making $$..but how ? ripping off naive beginners.
Admit it, if you spend any time in the rooms it’s obvious he’s rude, obnoxious and teaches you nada.
I know how to double your money every month. Just open a trading room.
anyone got a link to omni results for last week?
watched oscar you tube why does he have comment questions now. is he cerious
The plot of oscars site is that he can make as much money to buy a plot ;-))
have you sados not got anything better to do than revel in your own piss all day long?
Why Benji, must there always be at least one douchebag like yourself who is willing to cheer on a lying piece of scum?
Victims come here to warn others not to be taken in by liars out to steal their money. That’s a far nobler course of action than your pitiful attempt at trash talking. You spew a line of nonsense that shows you to be so full of shit that you probably squeak when you walk.
PS. Your pitiful sentence also reveals you to be functionally illiterate. Why does that suprise no one? You might consider buying yourself a dictionary and a copy of a second grade English textbook.
nice try Benji…I mean Oscar