First let me begin by saying I am a fan of Carter's and Hubert's work. They have done alot to educate the trading community. I have also read Carter's book which I found very useful. I have not purchased any of their indicators or participated in their trading room.
BUT... I wouldn't go out to say Carter's or Hubert's methodology or setups is lame. The indicators they use such as the TTM Trend, Bricks, Squeeze have all been replicated by the Tradestation community and can be downloaded for free. They are also available in our indicator forum.
I have tested them in my trading and found them of no help. The squeeze sends out too many false signals and the bricks is something that does not fit my style of trading. Now, the TTM Trend is a indicator I use but I do not follow their directions for it. I use it in my own distinct way.
Although I prefer not to use their indicators, this does not mean their setups do not work. I have heard Carter and Hubert mention previously that what they want traders to do is to find/steal elements of their trading that will fit a traders style. In other words... find the good parts and apply it to your own. Carter and Hubert teach alot on market internals which in my opinion is the best part of their program.
In the end, I think it will hurt a trader to completely duplicate another traders methodology. It is similar to buying/selling a stock on a tip. When the trader finds new inisight to his methodology, when do you get to know about this? Perhaps they have applied new rules to using their tools or maybe they see new things that the markets are telling them. This will change the way they use their setups. I have only taken what I found useful to my trading from
John Carter and Hubert and applied it to my mine. For example, the TTM Trend is a tool I use for visual purposes. I combine this with Volume Delta to mark turning points by gauging supply vs demand. Basically, find whatever fits your trading style. Carter may have his own entry/exit rules for pivot plays... while I have my own criteria for
entries and exits on pivots.
Regards,
Soultrader