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www.leadingedgetrading.com trading review

  #32 (permalink)

Elite Member
Salt Lake City, UT
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 182 since Aug 2010
Thanks: 158 given, 233 received

This is a difficult room to report objectively on as I, personally, do not like the setup. As all comments are posted in written form I find I spend as much time looking at the chat box as I do looking at the market. I can tolerate it for now but don't know if I can sustain that type of communication.

IMO it is not a room for beginning traders or for traders with smaller accounts. There are often large distances between where he identifies the market could trade to. He has aggressive entries and conservative entries with several points in between. If you take the aggressive entry then you run the risk of it trading to the conservative entry losing money all the way. If you wait for the conservative entry then you miss the trade if it doesn't trade to that point. While he identifies himself as a pro I don't see how he is different from any other vendor. The market can do anything and therein lies the risk. He is not announcing any revelation that it could do otherwise. At some point you have to place your bet and take the risk.

His posts are always laced with alternative possibilities: "1232.50 is most aggr... otherwise the 1228.50" or
"warned you... ok... 1236 again...1238.50 poss 40.50...42... even 44 all back in the picture" or "if can get south of 1230.50 here= may be ok... and esp if can get south of 1226.25 again" or "1216.75 again... even 1222 no impossible (bounce)... just warning you!"

Anyone interested in taking the free trial needs to be thoroughly versed in the information on their website- especially the Use of Terms. Let me reiterate you should read and reread it several times as he will just refer you to it rather than answer questions in the chat box if the answer is in that section. Entry, Stops and Exits should be thoroughly understood as well as the other lingo he uses- he has a vocabulary that in some cases is all his own ie tsp= take some profit; n of Price= north of price level; s of price= south of price level- others are standard b/e; b/d; pb; mkt; EOD; etc.

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