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emini trading school (www.eminitradingschool.com) review

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  #1 (permalink)
drdam1
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anyone have any experience with emini trading school? claim to have 40 plus winning days in a row

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  #3 (permalink)
 Ben16JP2 
New York, United States
 
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drdam1 View Post
anyone have any experience with emini trading school? claim to have 40 plus winning days in a row


They are offering a free day today in their trade room. Let's see if they can have 41 plus winning days in a row.


eminitradingschool.com/

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  #4 (permalink)
 SawDr 
Washington, DC
 
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drdam1 View Post
anyone have any experience with emini trading school? claim to have 40 plus winning days in a row

This guy's name is Greg Gramalegui has been in trouble for posting false claims of results before. He has switched to market profile but same old misleading stuff:

CFTC News Release 4544-01

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  #5 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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Guys, stay clear of this dude. Him and his partner are what makes trading such a hard business to get into.

They suck people dry now they are onto "Market Profile" which cracks me up....

He is about as dishonest as they come. I don't think he could put more lies into a website. Amazing how they have changed over.

I subscribed for 1 month and I was out about 2K when all was said and done.

He uses the ole'

"You didn't get that one guys?"

"Wow, that was a great run, I called it didn't you hear me?"

"Oh, I was on the phone so I didn't have time to tell you guys I got in on that one"

"Oh man, this is my worst day ever after so many profitable days!"

And, then he will have his partner find out what you trade and your background. Then, they will log into the room and pretend to be a 'seasoned' follower of Greg's systems and WOW, this newly signed in trader is up $3,000 on WHATEVER IT IS YOU WERE TRADING PREVIOUS TO ENTERING THE ROOM.

I don't think they get any slippery and guys like this make me want to hire an attorney and chase them to the ends of the earth. Maybe they will settle somewhere in Antarctica where something big will eat them. haha...

So if you can't guess, I would say do not use them.

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  #6 (permalink)
 SawDr 
Washington, DC
 
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bluemele View Post
Guys, stay clear of this dude. Him and his partner are what makes trading such a hard business to get into.

They suck people dry now they are onto "Market Profile" which cracks me up....

He is about as dishonest as they come. I don't think he could put more lies into a website. Amazing how they have changed over.

I subscribed for 1 month and I was out about 2K when all was said and done.

He uses the ole'

"You didn't get that one guys?"

"Wow, that was a great run, I called it didn't you hear me?"

"Oh, I was on the phone so I didn't have time to tell you guys I got in on that one"

"Oh man, this is my worst day ever after so many profitable days!"

And, then he will have his partner find out what you trade and your background. Then, they will log into the room and pretend to be a 'seasoned' follower of Greg's systems and WOW, this newly signed in trader is up $3,000 on WHATEVER IT IS YOU WERE TRADING PREVIOUS TO ENTERING THE ROOM.

I don't think they get any slippery and guys like this make me want to hire an attorney and chase them to the ends of the earth. Maybe they will settle somewhere in Antarctica where something big will eat them. haha...

So if you can't guess, I would say do not use them.

-----------------------------------------------------------------------------------
And guess who worked for this guy before starting his own room recently = Giles Kolakowski from "tradeprecision.net"...I found an old email from him.
What a tangled web these vendors weave.


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  #7 (permalink)
 Lornz 
Oslo, Norway
 
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SawDr View Post
-----------------------------------------------------------------------------------
And guess who worked for this guy before starting his own room recently = Giles Kolakowski from "tradeprecision.net"...I found an old email from him.
What a tangled web these vendors weave.


I can't put to words how much I loathe people of that ilk!

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  #8 (permalink)
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
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SawDr View Post
-----------------------------------------------------------------------------------
And guess who worked for this guy before starting his own room recently = Giles Kolakowski from "tradeprecision.net"...I found an old email from him.
What a tangled web these vendors weave.


That makes me feel a bit better after getting abused over my comments on the tradeprecision thread.

Apparently I was abusing them as a form of self promotion. Sheesh.....

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  #9 (permalink)
DDtrader
LosAngeles
 
 
Posts: 1 since Jul 2011
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>> "They are offering a free day today in their trade room. Let's see if they can have 41 plus winning days in a row."

And who proves that?
You never see them announce their trades before the trend has formed.
After that he puts an arrow saying "O yeah, you see we are in profit..."
Other trading rooms show their live account status when trading.
Isn't it too simple?

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  #10 (permalink)
emt11
Hengelo, Nederland
 
 
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100% scam, I wasted several thousand $ with him. He is incompetent, simply pays someone to code commonly known material and sells it for inflated prices. His trades are after the fact calls.

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  #11 (permalink)
 Big Mike 
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emt11 View Post
100% scam, I wasted several thousand $ with him. He is incompetent, simply pays someone to code commonly known material and sells it for inflated prices. His trades are after the fact calls.

@emt11, how did you find this thread?

Mike

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  #12 (permalink)
Laguna
laguna beach, ca
 
 
Posts: 14 since Mar 2011
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I had visited eminitradingdschool and found it one of the most incompetent and a bit ridiculous rooms...at least most hide or pretend to be more professional..Greg Had Not Made A Cent Trading his personal account: I know this from people who worked side by side with him for years..

Shocked to receive advertisement about their webinar from Matt at Optimus: I just joined Optimus two months ago...and am quite happy with them..therefore came as shocker: send email to Matt questioning why in the world he would ever promote such ...

Same Old Cliche:" if it looks too good to be true it probably is..."...Madoff posted endless wins..So Does Greg...

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 bluemele 
Honolulu, Hawaii
 
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Laguna View Post
I had visited eminitradingdschool and found it one of the most incompetent and a bit ridiculous rooms...at least most hide or pretend to be more professional..Greg Had Not Made A Cent Trading his personal account: I know this from people who worked side by side with him for years..

Shocked to receive advertisement about their webinar from Matt at Optimus: I just joined Optimus two months ago...and am quite happy with them..therefore came as shocker: send email to Matt questioning why in the world he would ever promote such ...

Same Old Cliche:" if it looks too good to be true it probably is..."...Madoff posted endless wins..So Does Greg...

Yes, I subscribed a while back and these guys are as crooked as crooked goes. I was thinking about Optimus for my next live account, NEVERMIND now, and thanks for the heads up...

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Laguna
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nothing against Matt or Optimus:Matt Had Been Very Personable and so are his staff.. just hope and pray that He Has Nothing To Do With Greg or eminitradingschool: I know he received calls about this...Lets see what he does with webinar

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  #15 (permalink)
 mattz   is a Vendor
 
 
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Optimus Futures only seek to help people with their trading, provide them with good technology and good commissions.
So I had only the best of intentions helping people bringing educators to present their methods.

If you have anyone who you think is honest and sincere, Optimus would like to present him.
Please remember that I if I can help traders advance, I have a long term customer and this is in everyone's best interest.
If I bring someone who you don't like and approve...this is my apology in advance.

I pray that you guys are ok with this recent market turbulence.

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
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  #16 (permalink)
 Greatwest1 
Nelson, B.C. , Canada
 
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DDtrader View Post
>> "They are offering a free day today in their trade room. Let's see if they can have 41 plus winning days in a row."

And who proves that?
You never see them announce their trades before the trend has formed.
After that he puts an arrow saying "O yeah, you see we are in profit..."
Other trading rooms show their live account status when trading.
Isn't it too simple?

***
Great to have this forum that will discuss this type of business.
I am going to sign into this room for live trading: sometime over the next 2 weeks, to watch:

'eminitradingschool.com'

Check them out and record the day, time and type of calls.
We should be able to compare notes...

and see what happens. I will report my unbiased findings.
Note: I have been in the live trading room called: Puretick.com before , so I know what to expect from
the 'front running trading-hosts '.
Great to be here, stay tuned !
Cheers,
G

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  #17 (permalink)
 Blitzkrieg 
Edmonton - Alberta
 
Experience: Intermediate
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Approximately one year ago I stumbled across the Emini Trading School while searching on YouTube. Being new to Emini trading I had a few questions about their charts and methodology. I called Greg on the phone and he answered all the questions that I had. Trading at the time for me was a hobby and I realized that some investment capital was neccessary in training and software costs to hopefully speed up my learning curve. After buying and reading the book Mind Over Markets by Peter Steidlmayer that Greg recommended we read before taking his course I decided to sign up for his 6 day online live trading seminar and purchased the software package. I fully realized the risk of not receiving anything of value but after the course was over I had a completely different view and approach towards the markets as a whole. Without getting into a debate about Market Profile as many traders see it as redundant it is not a trading methodology but was designed by the CBOT as a means of getting daily trading information faster to the floor traders in the pre-electronic instant information age we now live in. Greg has created a software package that helps to portray this information as well as highlight areas of extreme or unfair highs and lows giving the trader a better likelihood of success with order placement outside of the mean. Without going into all the nuances of Auction Market theory the software for me really lays out a solid foundation of how the markets facilitate trade on a daily basis. It has however taken me quite some time and commitment to study and learn how to use the software. Of course I haven't studied or tried every other vendors software who makes similar claims but to my personal knowledge so far I haven't seen anyone else who offers a similar trading plan along with the Market Profile framework.

I haven't attended the Emini Trading School live trading room that often as to my rotating work schedule and because I prefer to trade the overnight session but from the outset of my trading I've wanted to teach myself how to trade the Emini's on my own. I realize there are hundreds of trading rooms that make claims of incredible profits as I've tried out a number of them, all you have to do is give them $300 a month to trade their winning system. Upon closer inspection their claims are usually inflated if not fabricated with the trading room really only making money on the continual memberships of perspective traders. On the flip side there are also thousands of would be traders who really have very little market experience who join these trading rooms with absolutely no interest in studying or taking any time to learn any trading rules or strategies fully expecting to quit their day job listening to someone tell them when to place their trades. With the recent surge of online trading rooms I think it isn't prudent of anyone allowing someone else to trade your money. You should make your own adult decisions whenever you make a trade. No trading room is going to make you wealthy. Only you can do that, but it requires commitment and a lot of trial and error at least this has been my personal experience. With the number of get rich quick trading websites online today you would think there would be countless numbers of traders especially at this site with their success stories. Unfortunately online trading simply is not for everyone. Greg doesn't call live trades nor does he advertise that he does. I have no way of knowing how many trading days he has in a row that are profitable. Showing proof to this claim would certainly bring credibility with it. I have been in his trading room when he has made some very accurate predictions and there have been other times when the market has gone the other way. I enjoy his commentary and market insight but prefer to choose my own entry and exit points. I don't believe rolling the dice with your hard earned money on someone else's say so is a wise thing to do.

With the original purchase of the software it was scripted to run on the Ninja 6.5 platform. A few months later Ninja 7 was released and the software templates weren't transferable to the newer version. It took a month or two during the transition but Greg had all the templates rewritten so they would function properly in the newer version. As with the original software purchase there were dozens of downloadable videos on how to set up and use the Emini Trading School software as well as pdf ready trading plans. There were also promises of future updates in video form as well as pdf format which I have received. The software updates were included free of charge but there were some additional indicators that were added at a cost of $100 to $200 dollars which came with lifetime licenses. If you choose not to purchase these indicators it wouldn't effect the way the original software package worked so you weren't forced to upgrade for fear that your original software wasn't going to function. There was one indicator upgrade that was more expensive due to scripting for the Ninja 7 platform. I purchased it and am enthusiastic about it. A one hour explanation and setup video was produced by Greg to aid in the use of this indicator. The software has performed flawlessly with Ninja 7. It never locks up or is erratic as I'm connected to the markets whenever they're open. I spent almost a full year on a part time basis due to work schedules before I started trading with live funds. I still use and execute my trading strategies using the same Emini Trading School software that I bought a year ago. To date my account has grown with the winners and losers. I have stayed in contact with Greg a few times a month over the last year just to report my progress and to stay on top of any software updates. I have always found Greg to be polite and I can't thank Greg enough for the encouragement, support and software package that he has put together to allow me to trade the way I do today.

To wrap it all up I am simply a trader of the markets who is on a journey to be the best that I can be. There are no guarantees when you trade. As a consumer who paid for a package of software and related trading tools I have received what I paid for. I have no affiliations with the Emini Trading School. Hopefully my testimonial and personal experiences will bring some balance to this thread.

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  #18 (permalink)
 researcher247 
Chicago, IL
 
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2 posts and a 500+ word essay.

Nope; try again.

This smells of f*ckery.

peace

Bishop Hedvig Von Dikkeman III

p.s. Much like the www.eminiscalp.com post from 8+ months ago where the 1 or 2 post dude comes on and tells us his story.

I probably attend/trial/pay for more methods and rooms than anyone in here (over the last 25+ years) as I enjoy the 'process' of it all. I think many of us experienced traders who either use our own methods exclusively or have adapted (after MUCH work) basic methods available on the internet are not impressed with your essay.

BTW--go back in this thread (or maybe it is somewhere else) where another experienced trader states this is a 'churn' method with a crapload of commissions w/ rather large intraday dd's (at times)--and a brutal grind to get back to b.e.

That ain't what short-term intraday trading is about.

This is my opinion. And yes; I used to hang out in the room for fun when the old drunken bastard free room/moderator (he isn't calling the trades anymore) would average down 3-4 times and then scrape out a 2 tick winner net net. He was trolling for new full multi-thousand $ signups.

Yea! Sign me up!

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  #19 (permalink)
 Big Mike 
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researcher247 View Post
2 posts and a 500+ word essay.

Nope; try again.

This smells of f*ckery.

I don't think Blitzkreig works for the vendor or is affiliated with them. Blitzkreig, do you work for them or are affiliated with them?

I think instead it is probably just lack of experience. No offense to Blitzkreig as many (in fact, most) traders bounce around from one system to the other, and they really never truly understand trading for themselves.


Quoting 
I probably attend/trial/pay for more methods and rooms than anyone in here (over the last 25+ years) as I enjoy the 'process' of it all.

Why would you spend your time in this way? I mean most vendor stuff is pure garbage, cherry picked charts, get rich quick, 2 points a day, let me show you how much money I made crap. Why would you purposely spend time in this way?

Mike

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  #20 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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The challenge I have with Greg and Giles, is this and the post above about how great they are.......

1. My buddy invited me to attend a 'free' day of sitting in the room watching his software. I attended while doing other things and his software was full of S&R lines, trendlines, and all kinds of gizmo's and gadgets. He DID call trades and it was comical in how rotten his trade calling was, but of course he was always 'on the phone, sorry guys' when a trade moved any decent amount. My buddy paid I think 7K for the 'software' and that was around Dec 09'.

2. Greg is a likable guy as well as Giles and they have a lot of charisma. Greg I think lives in Aspen and Giles in Washington State (Seattle area).

3. Greg claimed that he hadn't had a losing day in like 30 or 40+ days as I can't recall now. All the days I watched him with my buddy I saw that he lost almost every single day. I stupidly took some of the trades he called out as my indicators seemed good too (but ES was not my instrument) and lost 1,600.00 in one day! My buddy lost a lot more.... And I actually signed up for the month long morning webcast.

4. Another 'trader' would get on there after Giles asked what we traded and would say, "I just made 10 points on the TF" and we would ask follow-up questions and there would not be another post or it would be real quiet and suspicious like, "Well, Greg showed me how to find the perfect setup with the software and so glad I bought it" blah blah blah... Now, this could be true, but I really don't think so....

5. So, from January 10' (last time I had anything to do with them) to later that year, somehow Greg mastered Market Profile and created the perfect software and how to trade with it! Amazing! He is a master trader who can switch between methods so easily and has now created an even better suite of software.

I explained my story before and I just wanted to say, that I have direct experience with the software and this group and of anybody I have dealt with in this business, these two are about as obvious as anyone. I wonder what they think when they read this post.... Gosh, I truly hope that they either provide some real value some day (judgement of my own I know...) or leave the business. Of course their NEW software could actually be good and if that is the case, good for them.

I wish there was a rating system so I could give these guys negative stars....

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  #21 (permalink)
 researcher247 
Chicago, IL
 
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Big Mike View Post
I don't think Blitzkreig works for the vendor or is affiliated with them. Blitzkreig, do you work for them or are affiliated with them?

I think instead it is probably just lack of experience. No offense to Blitzkreig as many (in fact, most) traders bounce around from one system to the other, and they really never truly understand trading for themselves.



Why would you spend your time in this way? I mean most vendor stuff is pure garbage, cherry picked charts, get rich quick, 2 points a day, let me show you how much money I made crap. Why would you purposely spend time in this way?

Mike

Hi Mike,

Great Question! I am single, no kids & have so much free time. Trading for me is not an occupation; it is what I do. I'm on the internet quite a bit of each day (like most traders) and the free trials and small purchases here and there help kill the boredom from my swingtrading and short-term trading.

Every once in a great while I learn a new technique or 'nugget' of knowledge. I go in phases where I couldn't care less about new methods/techniques, etc... Then I feel like checking out a few more. It's pretty much a useless hobby; but so is golf.

I'm 45 years old and in a few years I'll probably stop checking out the vendors when I find something better to do during my downtime, eh?

I guess I shouldn't have said anything specific about Blitzkreig, so I apologize for that.

I get craploads of email invitations for 'garbage' vendors--I enjoy the 'pitches'--had an old boss who was a pitchman. Checking email and surfing the web during my intraday daytrading is better than watching CNBC. When a setup appears; I then concentrate on my trading.

In the last several years I never ever spend more than $200 or so on anything and it HAS to be guaranteed money-back on my credit card. Have done some group purchases back in the day that cut out my outlay (pre 2005).

Again, that is a good question. I spend about 2.5 hours a day intraday trading and my swingtrading takes about a total of 45 minutes per day. 15 hours a week of 'real' work a week.

I guess I could be spending all my free time volunteering or finding that special woman to make babies with and make the world a better place; nope, I am not that kind of guy.

You figured out an AWESOME way to take your trading profession and expand it (to keep you sharp and assist others) by creating this cool website.

Finally, I have an outlet for trading--which is my trading partner that I work with everyday. He gets a total kick out of our stupid little hobby of checking out vendors and just constantly harassing them. There is a reason why the vendor section of your website is so popular.

It helps me to get the 'poison out' without being a menace in my local neighborhood.

: )

peace

Hedvig

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  #22 (permalink)
 Blitzkrieg 
Edmonton - Alberta
 
Experience: Intermediate
Platform: Ninja Trader
Trading: E Mini
 
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Big Mike View Post
I don't think Blitzkreig works for the vendor or is affiliated with them. Blitzkreig, do you work for them or are affiliated with them?

Hi Mike, I am not a vendor nor do I work for Greg or have any affiliations with the Emini Trading School in any form. I am however a current user of their software package on a daily basis as I'd previously mentioned.

The original topic of this thread was 'Does anyone have any experience with the Emini Trading School'. I can see that my positive comments have started a back lash of negative critism directed towards me. My experiences with the Emini Trading School have been different then the previous posters and I feel fortunate although I have never spent much time in the live trading room as I prefer to make my own decisions when it comes to executing a trade. Thanks Mike for allowing us all to post our personal experiences whether they be popular or not.

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  #23 (permalink)
 researcher247 
Chicago, IL
 
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Hola Blitzkreig,

Guess what? You are probably doing it right by being self reliant.

Trading rooms are fun to hang out and stuff but very very few educators can teach and trade at the same time.

Personally, a model I would like to see developed is a trader with his dom and charts up--NO Comments. Head trader only trading for 90 minutes to 2 hours at a maximum. No live trading on Friday.

His assistant answering questions from trial members in another chat panel.

Finally, a 3rd guy explaining why the head trader is doing what he is doing and calling out the before/during/after particulars.

Then after a few months everyone gravitates to trading on their own. No huge upfront fees--completely free 2+ week trial that can be repeated and unconditional guarantee and email support staff.

Nominal $per hour consulting fee for AFTER hours teaching.

That's how I would do it and I am sure that is not cheap nor easy to assemble.

peace

Hedvig

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  #24 (permalink)
 bluemele 
Honolulu, Hawaii
 
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Blitzkrieg View Post
Hi Mike, I am not a vendor nor do I work for Greg or have any affiliations with the Emini Trading School in any form. I am however a current user of their software package on a daily basis as I'd previously mentioned.

The original topic of this thread was 'Does anyone have any experience with the Emini Trading School'. I can see that my positive comments have started a back lash of negative critism directed towards me. My experiences with the Emini Trading School have been different then the previous posters and I feel fortunate although I have never spent much time in the live trading room as I prefer to make my own decisions when it comes to executing a trade. Thanks Mike for allowing us all to post our personal experiences whether they be popular or not.

Sorry, but they were not directed at you. Just @ the two who switch from method to method to teach new budding students...

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  #25 (permalink)
 Greatwest1 
Nelson, B.C. , Canada
 
Experience: Intermediate
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Broker: IB.ca
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Blitzkrieg View Post
Approximately one year ago I stumbled across the Emini Trading School while searching on YouTube. Being new to Emini trading I had a few questions about their charts and methodology. I called Greg on the phone and he answered all the questions that I had. Trading at the time for me was a hobby and I realized that some investment capital was neccessary in training and software costs to hopefully speed up my learning curve. After buying and reading the book Mind Over Markets by Peter Steidlmayer that Greg recommended we read before taking his course I decided to sign up for his 6 day online live trading seminar and purchased the software package. I fully realized the risk of not receiving anything of value but after the course was over I had a completely different view and approach towards the markets as a whole. Without getting into a debate about Market Profile as many traders see it as redundant it is not a trading methodology but was designed by the CBOT as a means of getting daily trading information faster to the floor traders in the pre-electronic instant information age we now live in. Greg has created a software package that helps to portray this information as well as highlight areas of extreme or unfair highs and lows giving the trader a better likelihood of success with order placement outside of the mean. Without going into all the nuances of Auction Market theory the software for me really lays out a solid foundation of how the markets facilitate trade on a daily basis. It has however taken me quite some time and commitment to study and learn how to use the software. Of course I haven't studied or tried every other vendors software who makes similar claims but to my personal knowledge so far I haven't seen anyone else who offers a similar trading plan along with the Market Profile framework.

I haven't attended the Emini Trading School live trading room that often as to my rotating work schedule and because I prefer to trade the overnight session but from the outset of my trading I've wanted to teach myself how to trade the Emini's on my own. I realize there are hundreds of trading rooms that make claims of incredible profits as I've tried out a number of them, all you have to do is give them $300 a month to trade their winning system. Upon closer inspection their claims are usually inflated if not fabricated with the trading room really only making money on the continual memberships of perspective traders. On the flip side there are also thousands of would be traders who really have very little market experience who join these trading rooms with absolutely no interest in studying or taking any time to learn any trading rules or strategies fully expecting to quit their day job listening to someone tell them when to place their trades. With the recent surge of online trading rooms I think it isn't prudent of anyone allowing someone else to trade your money. You should make your own adult decisions whenever you make a trade. No trading room is going to make you wealthy. Only you can do that, but it requires commitment and a lot of trial and error at least this has been my personal experience. With the number of get rich quick trading websites online today you would think there would be countless numbers of traders especially at this site with their success stories. Unfortunately online trading simply is not for everyone. Greg doesn't call live trades nor does he advertise that he does. I have no way of knowing how many trading days he has in a row that are profitable. Showing proof to this claim would certainly bring credibility with it. I have been in his trading room when he has made some very accurate predictions and there have been other times when the market has gone the other way. I enjoy his commentary and market insight but prefer to choose my own entry and exit points. I don't believe rolling the dice with your hard earned money on someone else's say so is a wise thing to do.

With the original purchase of the software it was scripted to run on the Ninja 6.5 platform. A few months later Ninja 7 was released and the software templates weren't transferable to the newer version. It took a month or two during the transition but Greg had all the templates rewritten so they would function properly in the newer version. As with the original software purchase there were dozens of downloadable videos on how to set up and use the Emini Trading School software as well as pdf ready trading plans. There were also promises of future updates in video form as well as pdf format which I have received. The software updates were included free of charge but there were some additional indicators that were added at a cost of $100 to $200 dollars which came with lifetime licenses. If you choose not to purchase these indicators it wouldn't effect the way the original software package worked so you weren't forced to upgrade for fear that your original software wasn't going to function. There was one indicator upgrade that was more expensive due to scripting for the Ninja 7 platform. I purchased it and am enthusiastic about it. A one hour explanation and setup video was produced by Greg to aid in the use of this indicator. The software has performed flawlessly with Ninja 7. It never locks up or is erratic as I'm connected to the markets whenever they're open. I spent almost a full year on a part time basis due to work schedules before I started trading with live funds. I still use and execute my trading strategies using the same Emini Trading School software that I bought a year ago. To date my account has grown with the winners and losers. I have stayed in contact with Greg a few times a month over the last year just to report my progress and to stay on top of any software updates. I have always found Greg to be polite and I can't thank Greg enough for the encouragement, support and software package that he has put together to allow me to trade the way I do today.

To wrap it all up I am simply a trader of the markets who is on a journey to be the best that I can be. There are no guarantees when you trade. As a consumer who paid for a package of software and related trading tools I have received what I paid for. I have no affiliations with the Emini Trading School. Hopefully my testimonial and personal experiences will bring some balance to this thread.

***
Hi Blitz,
Thanks for your report on 'eminitrading' room. I too have varying work schedules, they
happen to be on the Rigs, northwest
of you. I wish to trade when off work and even when it's quiet on my shift.
I've attended only 1 day on the emini-trading site- and Greg and his assistant did make several good trades-
can't remember the number of trades that day-approx 12, with 9 good trades. Quite a demonstration.
I may sign up still on the fence right now.
But I would like to continue hearing of your trading adventures.
I am interested in a good trading room, but I really like the ACD method to trade by.
Cheers,
G.

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  #26 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
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I joined this forum yesterday. My reasons? I want to learn how to trade. Period.

In my trading journey I have stumbled across them all; Emini Trading School, Shadow Traders, Puretick...you name it I have been there and spent money on that. Lots of money.

Was I successful? No. Not at all.

I wish I had found this forum 18 months ago to help me steer myself in the right direction. I expect I will be relying heavily on this community in the near future.

So moving on to the discussion about Emini Trading School - I bought their software and paid for their room. I spent 3 months with them.

Greg talks a good game I will give him that. And he talks, a lot. In my experience with them, his style was extremely erratic, especially his trade 'announcements' - I say announcements because he claims he isn't a trade caller and just 'hates' when people think of him that way. But when he declares a winner he will say "I hope you all got that..." or "..is anyone still holding from my last call?" - Really Greg, come on.

He has no trading focus whatsoever and is constantly (or conveniently) away from the screen when a winner is announced with a retrospetive call, sorry, 'announcement' "...didn't you guys see that? My software told you it was a time to get in because of the divergence showing here in the chart...but I was on the phone at the time." - Really? Yes, really. It is quite the show.

He refuses to show his DOM. Why? He refuses to show a track record of his so called 'xx' winners in a row. Why? I have my own track record of his calls, sorry announcements. They are nearly all losers.

The indicator build he had 'specially' programmed (for $40,000...or so he told me) looks flashy with all the dots and lines. In reality they don't really do anything more or less than other indicators I have come across and also paid for. Ouch.

The only thing I got out of them was Market Profile. Well, an introduction into doing my own research on the subject.

My advice is, please stay away from Emini Trading School. Please.

JonnyBoy

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  #27 (permalink)
 rumbero 
Aptos, Ca. USA
 
Experience: Intermediate
Platform: Ninja, TOS
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Posts: 3 since Dec 2010
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I have been receiving emails from eminitrading school almost daily inviting me to take there 3 day free trial. After I reviewed the products and pricing, I wanted to get other traders opinions. Thanks to the trading gods we have bigmike. i can't believe how many scam artists are preying on beginning traders. I have benn on my quest for over 2 years and have bought systems
that were bogus. Nothing can compare to do the hard work to understand price action and hundreds of hours watching charts and journaling your observations. Stay away from these jive salesmen. Remember their is a sucker born every minute.

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  #28 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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@rumbero

I agree. The charlatans at eminitradingschool know how to play the game and know how to sucker newbies in.

They know that with each 'newbie' they only have a a small window of opportunity to squeeze them, until the game is up and the 'newbie' realises the $3,000 they spent was, well a waste of money. Which of course by then it is too late.

I wish I had found BigMike's forum before it happened to me, but alas, I didn't.

Good luck out there.

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  #29 (permalink)
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
Broker: Multiple broker + Multiple feed
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I think the MP indicator looks ok other than that these guys have way too much stuff on screen for it to be digestible. I very much believe that simplicity through refining techniques is a great path forward in my trading at least.

I don't see any good explanation of their tools online anywhere nor are their videos at all explanatory of what either their process is to read the market nor how specifically they trade it, instead a lot of buzzwords and hype in my opinion, instead of consumable specifics. In balance to that point I could say that perhaps the guy is just a bad sales person in translating his method to the market, but even in that case I'd be dissuaded from investing in such a program myself.

I'd advise anyone to put more due diligence into there investments as in reality there are plenty of dodgy vendors in the market that will happily take our money trying to convince us how invested they are in our success they are when really for them it's anything but a charity and it's quite predatory sometimes on new people to the industry. I don't like to see consumers taken advantage of and personally I know I've got a lot from threads like this, long may we keep exposing bad service providers generally and push our consumer rights so vendors keep clean.

Good luck!

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  #30 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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Looks like dishonesty catches up with you in the end...

CFTC Charges Colorado Resident Gregory L. Gramalegui, Doing Business as Emini Trading School, with Fraud and Other Violations Involving a Futures Trading System and Advisory Service

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  #31 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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https://www.tradingschools.org/emini-trading-school-and-greg-gramalegui-100-fraud/

Helping this investigation was a pleasure!

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  #32 (permalink)
 Cloudy 
desert CA
 
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"
The CFTC investigated and interviewed several of the actual customers of Emini Trading School and discovered that all investigated customers lost a majority of their Futures trading accounts.

The CFTC also audited the personal performance records of Greg Gramalegui and discovered that Greg Gramalegui never earned a penny trading Futures contracts. In fact, his only proficiency was being a consistent loser.
..

However, in speaking with NFA investigators, the total sales volume of his fraudulent promotional activity is probably in the millions of dollars.
..

It is apparent to me that the CFTC is entering a new era of enforcement activity. No longer are they allowing trading educators to simply ‘copy and paste’ hypothetical disclosure materials. They are now aggressively enforcing the 15-person rule limit and are following leads on even the most minor infractions.
"

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  #33 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
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Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
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Cloudy View Post

"
The CFTC investigated and interviewed several of the actual customers of Emini Trading School and discovered that all investigated customers lost a majority of their Futures trading accounts.

The CFTC also audited the personal performance records of Greg Gramalegui and discovered that Greg Gramalegui never earned a penny trading Futures contracts. In fact, his only proficiency was being a consistent loser.
..

However, in speaking with NFA investigators, the total sales volume of his fraudulent promotional activity is probably in the millions of dollars.
..

It is apparent to me that the CFTC is entering a new era of enforcement activity. No longer are they allowing trading educators to simply ‘copy and paste’ hypothetical disclosure materials. They are now aggressively enforcing the 15-person rule limit and are following leads on even the most minor infractions.
"

I am quite sure that many did lose their accounts. Fortunately I was one of the lucky ones. I was only in their room for 3 months back in 2010. Although I had spent the money on their useless indicators, something didn’t feel right to me about the trades. When I confronted Greg about showing his DOM or account statements he got quite defensive and listed off the ‘typical vendor’ reasons why he couldn’t.

But rather than lose me as a client, Greg asked me to become part of their trading team. It appeared I was made of the right stuff to trade market profile. I had no intention to join them of course, but I thought this was a great opportunity to at least see if I could find out if Greg was actually trading or not.

There was a peripheral character (not Giles) going by the name of Bob. He would hang around the room a little bit and talk about his early morning market profile DAX trades. I managed to get Bob’s phone number and we had a long conversation about me joining the team.

It appeared Bob could actually trade market profile but somehow he got wrapped up into Greg’s scheme. We chatted on the phone and he basically told me that Greg can’t trade worth a damn and was erratic at best. My best bet was to stay away. Which I did.

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