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bontrade.org - CL trading room
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bontrade.org - CL trading room

  #11 (permalink)
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Big Mike View Post
Why not share openly? Assuming of course you are not affiliated with this vendor in any way.

Mike


I agree.

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  #12 (permalink)
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Answer
This post has been selected as an answer to the original posters question Answer

I'll give my assessment from 2 '1 day trials'--openly {as I always do with my posting history}.

They utilize a 2 unit strategy and take off 1st contract @ either +5 or +10 cents and then run towards targets.

The main guy who calls trades has knack for good trading; highly specialized and I mean HIGHLY specialized language.

They do provide a PDF of much 'not all' of their verbiage.

He really likes the big numbers to target (.50 cent and 1.00 levels).

One won't hit all his trades (sometimes they are split second for entry).

I have to say though the guy that calls the trades and the guy that you can message for further help are both very cool and one can ask questions while IN a trade--but you have to follow the format--the guy that is making the calls is doing 100% analysis while in the room--so you have to respect his ability to sniff out good trades.
---------------
Here's a transcript I wrote to myself during my last trial. And also the official room transcript.

They should thank me; I probably will get them some business but I am NOT recommending nor am I not recommending their trading.

I did not sign up for their month nor purchase their method. This is my personal opinion of my unique experience on 4/20/11
--------------------------------------
Slow day and he took off just after 10:30am est and then came back @11:51am est.


Alot of specialized chat for people that are trading his method.


I saw a few calls.


1) @9:11am est he called for a 'fade' sell @108.10


Initial targets were 5 cents and 30 cent profit targets. He then adjusted the 2nd target down to take profit near 50cents. It went +.47cents max


So this trade made 5cents and probably around +40 cents total (split the difference); as he warned of support coming into the +50cents area.


2) @9:20am est he called for aggressive sellers can sell @107.90 for 5/15 (take profits at +5cents and +15cents). This trade made +5cents and then stopped at -5cents for b.e. total


3) @10:30am est he called for a sell of spike @108.25. 5/15


So this trade made +5cents and +15cents total.


He then took a long break from 10:35 to 11:51am est.


Here are some of my notes (below).
---------------------------------------
Aggressive sell @107.90


Narc: He was projecting down to 107.63 earlier--that was hit.

He said you could fade (short) @108.10. that was a nice trade.

Finally, partials for 5cents and 30cents could be moved to more
than 30cents--up to 50cents. He had an original short @107.90 that I am not sure of.

High risk sell @35:00 on camtasia. Sell 2 @.90 5/15 profit taking.
Then he writes for a 30 profittaking on 3rd contract @.30cents
O
ne would have gotten +5cents/-5 cents for breakeven on this aggressive trades.

Generally his calls have been good thus far. I don't see any official
trades for a room trader. Saw an aggressive short.

He was calling for an abcde ending pattern 108.20. The hook lows
@9:33 were never breached--thus he said we would go higher.
@10:30 he called a 'selling the spike' trade. Oil was @108.25 and he called it a measured spike on the 1/2 hour and 10:30am est close.

He wrote 5/15 and that is take 5cents profit and 15 cents profit. It was a winner on both.
------------------------
Chat transcript below
-----------------------
08:21 Martin ::: gm
08:21 proj ::: gm
08:22 Dave R ::: GM everyone
08:26 Bon :: gm
08:26 Barbara S:: gm
08:31 proj ::: w06 bnce
08:32 proj ::: looking for the 00 to test in this wave, stall/zigzag and 3rd wave to tgt .
08:33 proj ::: shallow low is bullish
08:34 proj ::: spinback and on for wave 3
08:34 Bon :: y
08:34 Bon :: nice
08:34 proj ::: the poss is for a BH here on the DIV
08:42 proj ::: 108.75/05 hrly fib/ext
08:42 proj ::: in wave C ...
08:44 proj ::: 85 break will be a key level for us down.
08:48 KC :::: gm
08:50 proj ::: 3t doing its 30c am going S again the 17
08:53 proj ::: MA/zlr, 00 supp at his stage, 108.60 upside tgt on the WOT and a Sell opp if 108.00 doesnt fold.
08:54 proj ::: fading this 25
08:54 proj ::: H risk, time trade
08:55 proj ::: looking for a 2bar down :57
08:56 proj ::: 5/30
08:57 Banana ::::: GM
08:57 proj ::: a hold for the Open if we can get below the 08, am exp the pop/drop scenario.
08:57 proj ::: gm
*** Kari Kresnak, Welcome. Read the BonRules.pdf and the PP & Disclaimer (inside Documents, bottom right)
09:00 proj ::: small pop
09:01 proj ::: will need freefall below 90
09:01 proj ::: faders can try the 92
09:04 proj ::: etf fresh S @ MA
09:04 proj ::: if sidelined
09:05 proj ::: 107.40 final w 60 decent supp
09:10 proj ::: zzzz back in the box, will be a long day
09:11 proj ::: 10 faders watch the 15 for pocket fill fade
09:12 proj ::: touch and go, this needs to get some vol down in 2 mins
09:15 proj ::: 5/30 move to 50 looking for the 63 test.
09:16 proj ::: good vol in the time zone, follow thru is weak on these fresh lows, v shallow.
09:18 proj ::: strong storm/ lightning here if proj stops fyi..
09:18 KC :::: keep your head down
09:18 Bon :: ok
09:19 Bon :: very sunny here. just fyi :-)
09:19 Bon :: sry.
09:19 proj :::
09:19 Manny :::: cloudy here in L.A....with a chance of sunny...lol
09:20 Adrian T::: if bon goes offline its because his cocktail fell on the keyboard
09:20 Manny :::: Tea...
09:20 KC :::: Manny, it's still dark!
09:20 Manny :::: Just give it a little while, KC...
09:21 Bon :: lol Adrian
09:21 proj ::: 161% test on the Hrly 107.62, more zig zag
09:22 proj ::: plenty of room below as we are barely breaking the ZL
*** A moderator has disabled your chat entry.
09:27 proj ::: H risk S 90
09:28 proj ::: in the Open 'hook'
09:28 proj ::: 5/15
09:29 proj ::: can go again MA gamblers
09:30 proj ::: 5/15/30
09:32 proj ::: no extension lower on the :33 takes us higher....BH 1-2
09:36 proj ::: 10 fade miss
09:45 proj ::: me3w forming
09:48 proj ::: looking for 18/20
09:49 proj ::: tusing 5/15 as this is 'e' wave
09:50 proj ::: risk on the 'e' is a shallow p/b and the time risk is the pop :53 wave..
09:51 proj ::: nice 2bar here see if the 00 wants to test again
09:54 proj ::: Tline and ZLR on the 5 timedwith our Me3w.
09:55 proj ::: slow going today zzz
09:56 proj ::: std1-2 in the channel
09:58 proj ::: :53/:57 red, take the $. Am holding runners for the 10;00 only.
09:58 proj ::: tgt same 107.40
10:01 proj ::: will mark this up and post in forum, or Bon can here after Trials leave. Textbook PA with patterns and time here to save.
10:03 proj ::: etf fade pend if sidelined
10:04 Martin ::: great. thnx
10:04 Martin ::: flat now
10:10 proj ::: small 3w dv on the 60
10:10 proj ::: am looking for a blow thru t tgt
10:11 proj ::: tech a BH...
10:12 proj ::: me3w dv wont be denied
10:27 proj ::: '10'
10:28 proj ::: painfully slow this am
10:30 proj ::: fading this 25 as before
10:30 proj ::: its early in the wave/ time
10:31 proj ::: theres the spike
10:31 proj ::: masured point on te spike and Half hr close..
10:31 Marvin ::: 5/30?
10:32 proj ::: 5/15
10:32 proj ::: the 00 can teston it easily
10:32 Martin ::: nice
10:32 Martin ::: lol
10:35 proj ::: have to step away, back in a bit.
11:13 Martin ::: testin tl
11:14 Martin ::: too slow thou
11:15 Bon :: *Breaking News* Brent Crude hits 120$ bbl
11:41 Banana ::::: nice fade off the 40
11:41 Martin ::: y
11:50 Dave R ::: see ya guys, done for the day. take my money and run..see ya ymrw, thanks Bon, smith
11:50 Manny :::: cya Dave
11:51 proj ::: back, cya Dave
11:51 Adrian T::: see yo dave. ave a good one
11:51 Bon :: see ya dave
11:52 Banana ::::: cya dave
11:52 Bon :: see ya banana
11:52 Banana ::::: LOL
11:53 Manny :::: banana "split"?
11:53 proj ::: entire week is slow for data, ECB exp to raise .25 with us shortly behind.
11:54 Bon :: yawwwwwwwwwn
11:54 proj ::: y



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  #13 (permalink)
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bontrade


Dry was only going to help me with questions on the lingo. But researcher cover a big part of that with his post.
Just want to clarify that dry did not offer to go into info related to their secret sauce.

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  #14 (permalink)
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CL Room

Well the only way I am affiliated with them is by a membership. Yes I bought the course, and pay the room fee per month. They are very good at what they do, they teach very well and are excellent traders with a lot of passion, very hard to find now a days.

I do believe you need to work hard and pay for what you learn and earn. If someone on here is looking to get a free copy of the course, then no I am not willing to share this openly. They spent a lot of time on the course, they deserve to get their share and reward for it and I will not just give a hand out.

It is a cost of doing business, this is a business so treat this way, pay your dues. Give them a try for a month or two, then you will know for yourself, all I can say it is certainly worth it.


Thanks

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  #15 (permalink)
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drytlewski322 View Post
Well the only way I am affiliated with them is by a membership. Yes I bought the course, and pay the room fee per month. They are very good at what they do, they teach very well and are excellent traders with a lot of passion, very hard to find now a days.

I do believe you need to work hard and pay for what you learn and earn. If someone on here is looking to get a free copy of the course, then no I am not willing to share this openly. They spent a lot of time on the course, they deserve to get their share and reward for it and I will not just give a hand out.

It is a cost of doing business, this is a business so treat this way, pay your dues. Give them a try for a month or two, then you will know for yourself, all I can say it is certainly worth it.


Thanks




Does this method that they teach only work on CL? If so, how come?

Thanks.

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  #16 (permalink)
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drytlewski322's Avatar
 
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CL Room

Well in the room and in their advanced training method course it is geared towards CL. They rarely ever trade anything else in the open room hours, this is not to say that maybe on their own time they do not trades other instruments.

You would have to contact them directly to find out if it can be applied to anything other than CL.

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  #17 (permalink)
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These guys are calling trades after the fact.

They now post the trades as they are supposedly taken, on a 5 minute chart instead of using shorthand in the chat. An email was sent out touting the new system showing a 99.74 long call at 9:08:12. I pulled up a smaller time frame chart and you can see that the last touch of 99.74 came a minute earlier at 9:07:08 but you probably wouldn't have gotten filled, even if you had your order in.

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bontrade.org - CL trading room-cl-06-11-3-range-5_6_2011.jpg  
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  #18 (permalink)
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la mirada
 
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bontrade

I'm new to this website,and to trading cl. Going on 5 moths. I too am a member of the bontrade trade room, and purchased their course. In response to aircal's post, the main trader makes many great calls in the chat. They are currently testing posting calls on tradeboard vs chat window. If there was a delay that day, for whatever reason, it's definitely an exception to the norm. Like researcher247 said, "One won't hit all his trades (sometimes they are split second for entry).". Besides, they emphasize an education (yes, one has to buy the course to understand the concepts) more than merely following the main trader's calls.

Thus they equip you to understand the calls, and sometimes make them yourself, not just follow a call. There are other traders in room who post their own calls. Anyone who's been in the room for a full 1-2 days will realize this.

I endeavor to be as objective as possible, and don't mind playing devil's advocate. I've benefited from this forum, and wanted to contribute to a fair review of Bontrade.


Respectfully,


elmatador1973 (aka Manny)

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  #19 (permalink)
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drytlewski322's Avatar
 
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CL Room

Well Said Manny LOL!! My last post on this, It's a good room, you know it, I know it, enough said. After today I need a wheel barrow to go to the Bank !!!

Thanks All.

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  #20 (permalink)
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Futures Experience: Intermediate
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I sent the chart from my earlier post to Scott at Bontrade. At first he brushed me off, but then he gave me a code for a trial in the room so I could check it out live.

I was in there twice this week and Manny is correct, the trader does make some great calls. Yesterday (5/12) one trade went for over $1, although you had to have the stones to watch it go 19 ticks against you before heading in the right direction.

Some of the trades were too fast for me to get in.

After making a few posted trades, the trader and the members revert back to speaking in 'lingo', so as Manny says, you would need to take the course to really make it work for you.

Summary: good room, but you need a large account.

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