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www.theoilmoney.com and www.eminipivottrading.com


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www.theoilmoney.com and www.eminipivottrading.com

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  #1 (permalink)
 futurestrader1 
New York City, USA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, CL, 6E
 
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Posts: 149 since Jul 2010
Thanks: 81 given, 42 received

Hello, I was looking at the NinjaTrader partners page on the education section and didn't see guys these until today.

The Oil Money : Watch Video and EMini Trading System, High Win Rate, No Indicators

The first looks rather cheesy with no statistics but only promises, while the latter shows a reasonable basis for profits. Does anyone have any insight on these?


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  #3 (permalink)
 creasy 
Cleveland, OH
 
Experience: Advanced
Platform: NT, ToS
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Looks rather shady.
You would think, if it were so good they would invest some of the amazing profits into upgrading the website.

ι ηεvεя sεε ωнαт нαs вεεη ∂σηε; ι σηℓү sεε ωнαт яεмαιηs тσ вε ∂σηε.
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  #4 (permalink)
 mbhsi 
Colorado Springs
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Oil
 
Posts: 9 since Apr 2011
Thanks: 11 given, 5 received


futurestrader1 View Post
Hello, I was looking at the NinjaTrader partners page on the education section and didn't see guys these until today.

The first looks rather cheesy with no statistics but only promises, while the latter shows a reasonable basis for profits. Does anyone have any insight on these?


Funny, the oil money website spells members wrong: memebers area

don't know if that is a flag on their services but you would think that they would be more careful about what they present to the public

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  #5 (permalink)
 mbhsi 
Colorado Springs
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Oil
 
Posts: 9 since Apr 2011
Thanks: 11 given, 5 received

on the other hand, the cost for the oil room is inexpensive and does have a 30 day money back deal. i might try it out and will post my experiences with it.

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  #6 (permalink)
 tdmtrader 
Jacksonville FL
 
Experience: Master
Platform: NinjaTrader
Trading: ES, Currency Futures, Stocks
 
Posts: 8 since Mar 2011
Thanks: 12 given, 5 received

The Oil Money site is a joke....

The "SX3 Protocol" is just Scott bracketing CL with buy and sell stops then hitting the close button almost immediately after getting filled to make 1-10 ticks. He also trades in simulation mode so he lets losers run until they get profitable for screenshots.

He also has some new strategy where he waits for the first minute after 9am est and whichever way that bar goes, he fades the market and goes the opposite way. For instance, the 9:00 EST bar is an up bar, he shorts at 9:01... if it's a down bar, he goes long.

Also, has some guy named Greg that is slightly more advanced and does the same thing, brackets Oil on news events and has an ATM strategy to trail by 5 ticks.

Oh, and also there is some marketing scheme where you do affiliate marketing and get commission. Here's an excerpt from an email:

Quoting 
So, I decided the best way to do that is to bribe existing members to get out there
and spread the word. So here is my proposal.
In addition to the 60% commission you get as an affiliate to The Oil Money, you
will also get one free month of membership for every new member that signs on
in the month of June and July.
This means every new member is worth $75.20 with a recurring $28.20 each month
thereafter as long as they stay in the program.

So in summary... all he does is bracket the market and scalp 1-10 ticks. Don't waste your money. Nothing special here.

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  #7 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 429 since Oct 2009
Thanks: 265 given, 761 received

Agree with last poster.

Succinctly put.

I downloaded some of his videos; wow--just wow.

But his smooth voice and verbal mannerisms will help the affiliate program.

All he has to do now is setup webinars or teleconferences and have his 'shills' do the testimonies and there it is; a day's pay.

peace

r247

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  #8 (permalink)
sidney7g
Philadelphia
 
 
Posts: 114 since Jun 2011
Thanks: 33 given, 26 received

I hate get rich quick trading schemes, It takes the art out of trading. Someone trying to sell you a system is ludicrous considering if they really made a lot of money with it why need to sell it. Good systems should be kept private and only told to the deserving. but hey, if it adds more liquidity to the market so be it.

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  #9 (permalink)
 superpete 
Montreal, Quebec
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Trading Group/Rithmic
Trading: CL
 
Posts: 69 since Oct 2009
Thanks: 256 given, 34 received

Since they were offering 1 month for 5 dollars, I couldn't help but register just to see what it was all about... Well people are going to get poor fast. Although bracketing seems like a good idea when you don't want to make a responsible choice about the market going up or down...

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  #10 (permalink)
 markw 
California
 
Experience: Intermediate
Platform: ninja,md
Broker: zen,dtn
Trading: CL
 
Posts: 28 since Aug 2009
Thanks: 56 given, 16 received


Got this email from the Oil Money Trading for JOBB(Joe Bracket Breakout)trading the news. I guess this guy is one of there students. What surprised me was that he showed his p&l and broker statement for Q1.

JOBB Memorial Weekend Special

JOBB:Emoney Q-1 Results 2013: Part 1 of 2 - YouTube
JOBB:Emoney Q-1 Results 2013: Part 2 of 2 - YouTube



Is this for real?

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