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HyperSnapback Indicator
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HyperSnapback Indicator

  #11 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
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Favorite Futures: ES, YM, 6E
 
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JonnyBoy View Post
@ 5m:55s "Highest percentage signal in all financial trading".

Now that is a bold statement.

Even bolder considering the fact that a high percentage alone doesn't tell anything about the expectancy

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  #12 (permalink)
Elite Member
Chicago, IL
 
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warrenmac View Post
I am looking for the HyperSnapBack indicator sold by Stealth Traders or something very similar. Anyone know what this indicator is?

Its just more of the same.....Complete Garbage......

From their youtube video......

Quoting ...."First we measure the traders collective perception by tracking the bid ask flow rate to the order book..." 50 seconds into this video https://www.youtube.com/watch?v=YRJZxptqyw0

You can't not measures peoples perceptions my tracking the order book. Perhaps the actions they take based off their perceptions. Basically this is a red light green light system. Just sit back and wait for one of these colors to light up on one of your portfolios entries....that is what they said in the video!!!! That nuts! Run don't walk far away from this...... Its just mean reversion at standard deviations..... you can do that with what you already have. Don't be so naive. Go with JigsawTrading for hundreds and hundreds less for much better tools. Or other similar tools.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #13 (permalink)
Elite Member
Calgary, Alberta
 
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Blash View Post
Its just more of the same.....Complete Garbage......

From their youtube video......

Quoting ...."First we measure the traders collective perception by tracking the bid ask flow rate to the order book..." 50 seconds into this video https://www.youtube.com/watch?v=YRJZxptqyw0

You can't not measures peoples perceptions my tracking the order book. Perhaps the actions they take based off their perceptions. Basically this is a red light green light system. Just sit back and wait for one of these colors to light up on one of your portfolios entries....that is what they said in the video!!!! That nuts! Run don't walk far away from this...... Its just mean reversion at standard deviations..... you can do that with what you already have. Don't be so naive. Go with JigsawTrading for hundreds and hundreds less for much better tools. Or other similar tools.

Ron

Agreed. The thing is, standing in a pair of newbie trader shoes I would have totally bought that indicator....

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
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  #14 (permalink)
Market Wizard
London UK
 
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JonnyBoy View Post
@ 5m:55s "Highest percentage signal in all financial trading".

Now that is a bold statement.

Just wanted to add... "Highest percentage signal in all financial trading" sound way too much like a weasel word. "Highest percentage" according to whom? Compared to what?

Besides, if it were true, why not say what the percentage is?

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  #15 (permalink)
Elite Member
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JonnyBoy View Post
Agreed. The thing is, standing in a pair of newbie trader shoes I would have totally bought that indicator....



After my run with Scottrade I moved to MetaStock. Only redeeming quality about it was it was easy to code for so in that respect I I'm grateful because it was a low learning curve for me near the beginning of my journey. I added a bunch of "stuff" to MetaStock I thought was super cool and great but looking back was completely worthless can't remember all of the junk. For example, added in the ability to make my own indexes not realizing the plethora of indexes already available and even now as I say it I can feel it's pull on me.... (bad boy Ronnie bad boy.....lol) also added some crazy Elliott wave stuff that produced signals on a bar only after, at least, 2 or 3 new bars formed ....of course I also bought the time machine to go with it.......

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #16 (permalink)
Market Artist
Portland, United States
 
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Why does NinjaTrader partner with these kinds of people?

Partners - Stealth Traders | Stealth Traders


Edit:
Just looked at their testimonials and found this gem:

“I’ve been using Stealth Traders for just over 6 months. All 5 parts certainly have their role, and I use each of them. However, what I would seriously encourage you to do is to really dig deep on the HyperSnapback indicator. The Plot 1 line can actually let you know what is coming for a direction change. Yes, you did read that correctly. The Plot 2 line changes color for you to take the trade if you wish. I don’t take every direction change because it might be a simple pullback, and I want to stay in the trade. If Plot 1 and Plot 2 are inside the 150+ & 150- it’s chop and you don’t trade it. When the Plots go outside the 150’s is when you’ll want to consider your trades. Just for fun one time I put my favorite chart up and put another page over the top of it so I couldn’t see any price action and traded straight off the HyperSnapback. I am certain that the government regulatory agencies wouldn’t appreciate me posting those result anywhere, and that’s unfortunate.Best of trades everyone.”

– Loren S., Seattle, WA

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  #17 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
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Portland View Post
Why does NinjaTrader partner with these kinds of people?

Partners - Stealth Traders | Stealth Traders


Edit:
Just looked at their testimonials and found this gem:

ďIíve been using Stealth Traders for just over 6 months. All 5 parts certainly have their role, and I use each of them. However, what I would seriously encourage you to do is to really dig deep on the HyperSnapback indicator. The Plot 1 line can actually let you know what is coming for a direction change. Yes, you did read that correctly. The Plot 2 line changes color for you to take the trade if you wish. I donít take every direction change because it might be a simple pullback, and I want to stay in the trade. If Plot 1 and Plot 2 are inside the 150+ & 150- itís chop and you donít trade it. When the Plots go outside the 150ís is when youíll want to consider your trades. Just for fun one time I put my favorite chart up and put another page over the top of it so I couldnít see any price action and traded straight off the HyperSnapback. I am certain that the government regulatory agencies wouldnít appreciate me posting those result anywhere, and thatís unfortunate.Best of trades everyone.Ē

Ė Loren S., Seattle, WA

What's the interpretation of that testimonial?

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  #18 (permalink)
Market Artist
Portland, United States
 
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Thanks: 943 given, 123 received


xplorer View Post
What's the interpretation of that testimonial?

Haha sorry, maybe I should've explained what I was thinking. In the vendor's youtube video I noticed the indicator back painting signals. However, the vendor explains trades you would take as if the indicator was not back painting. The vendor takes it a step further by demonstrating his ability to predict the future by getting out of the trade 240 minutes before price turned around after price had already turned around. Thus I found the "testimonial" about government regulatory agencies being upset if this guy publicly announced how much money he's making with this indicator pretty entertaining.

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  #19 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
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Portland View Post
Haha sorry, maybe I should've explained what I was thinking. In the vendor's youtube video I noticed the indicator back painting signals. However, the vendor explains trades you would take as if the indicator was not back painting. The vendor takes it a step further by demonstrating his ability to predict the future by getting out of the trade 240 minutes before price turned around after price had already turned around. Thus I found the "testimonial" about government regulatory agencies being upset if this guy publicly announced how much money he's making with this indicator pretty entertaining.

I'm with you now, thank you

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  #20 (permalink)
Elite Member
Fort Worth TX USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 38 since Sep 2015
Thanks: 12 given, 14 received


I was very enamored with this indicator when I first saw it. I did actually perform some comparisons with ADX. I couldn't quite duplicate it but was able to achieve some similar signals. I think it's a hybrid ADX and CCI or something. Give signals when crosses oversold line etc.

If you view some of their seminars you will be able to see more signals in action. I'm not convinced. I wouldn't use this indicator as my foundation.

They have some patterns...like woodies cci. "M" for murder (as in market going down). Could work but be cautious.

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