NexusFi: Find Your Edge


Home Menu

 





Viper Trading Systems Indicator


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Zoethecus with 42 posts (4 thanks)
    2. looks_two Peter2150 with 18 posts (2 thanks)
    3. looks_3 kronie with 15 posts (4 thanks)
    4. looks_4 Sawtooth with 14 posts (10 thanks)
      Best Posters
    1. looks_one soumi71 with 7 thanks per post
    2. looks_two TheWizard with 1.7 thanks per post
    3. looks_3 PiCoTrader with 1 thanks per post
    4. looks_4 Sawtooth with 0.7 thanks per post
    1. trending_up 145,884 views
    2. thumb_up 99 thanks given
    3. group 60 followers
    1. forum 254 posts
    2. attach_file 48 attachments




 
Search this Thread

Viper Trading Systems Indicator

  #81 (permalink)
 vinceb 
Buffalo NY
 
Experience: Intermediate
Platform: Ninja, Tradestation
Broker: Glocapmarkets
Trading: FDAX,FOREX,GOLD,NQ,CL
Posts: 35 since Dec 2009
Thanks Given: 8
Thanks Received: 10

im in agreement about proving out a methodology. if you cant show statements then whats the point? anyone can color out the account number and still show that what they are teaching is real and has validity. ive had my share of buying tools and indicators from vendors. most of the ones i worked with always either talked about the trades after the fact, or if a trade works thats not in accorance to their rule set they change it to accomidate the end result of the trade.

the best thing anyone can do is to setup a proper money management plan. know your risk and reward on every trade you take. knowing this is your true grail in my opinion.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Request for MACD with option to use different MAs for fa …
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
51 thanks
NexusFi site changelog and issues/problem reporting
48 thanks
What percentage per day is possible? [Poll]
31 thanks
GFIs1 1 DAX trade per day journal
31 thanks

  #82 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
Thanks Given: 110
Thanks Received: 117


vinceb View Post
im in agreement about proving out a methodology. if you cant show statements then whats the point? anyone can color out the account number and still show that what they are teaching is real and has validity.

Actually even an account statement proves nothing, as Larry Williams pointed out in one of his books. He showed how a vendor if he really wants to be unethical, would open two accounts. Then in each one take the opposite side of the trade. Only cost then is commissions. Then take the best one, and build your pitch on that.
Nice, eh?

Reply With Quote
The following user says Thank You to Peter2150 for this post:
  #83 (permalink)
 
gfg1's Avatar
 gfg1 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 71 since Sep 2009
Thanks Given: 21
Thanks Received: 75


What finally did it for me with the 3 stooges (Rich the wizard Staiton, Charles the late show, and Gary the good guy) was when they repeatedly said that gotomeeting was the reason that chats among members could not be shown. I guess they take their members for snake oil lemmings, which in reality, is the case. lol

Visit my NexusFi Trade Journal Reply With Quote
  #84 (permalink)
 Peter2150 
Washington DC
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 210 since Jun 2009
Thanks Given: 110
Thanks Received: 117


gfg1 View Post
..... Charles the late show,

ROFL. That's great

Reply With Quote
  #85 (permalink)
 chartman 
ottawa ontario canada
 
Experience: Intermediate
Platform: ninja trader
Broker: ninja trader brokerage
Trading: es
Posts: 100 since Sep 2009
Thanks Given: 17
Thanks Received: 23

iam a subscriber to the viper trading sysem (discretionary trading no autotrading for me)and i love it i use to trade the ES i use 5 range charts for entries and 8 range chart for trend identification system is great

Reply With Quote
The following user says Thank You to chartman for this post:
  #86 (permalink)
 ArtCole 
Indianapolis, IN
 
Experience: Advanced
Platform: NinjaTrader
Frequency: Daily
Duration: Days
Posts: 27 since Jan 2010
Thanks Given: 6
Thanks Received: 2

I believe that if a trader can make it past the stage where they are taken in by the sales pitch of every system, indicator, and trade room huckster they just might have a chance at making the next step toward profitable trading. I don't think these people should be considered as trading mentors.

Reply With Quote
  #87 (permalink)
 spikoloco 
Queretaro,Qro. Mexico
 
Experience: Intermediate
Platform: Ninja Trader, Multicharts
Broker: Mirus/Zen-Fire
Trading: ES
Posts: 34 since Nov 2009
Thanks Given: 7
Thanks Received: 3

As like many other indicators, it has its strenghts and weaknesses but in general it's a very good and simple one. I have traded the ES using a 5 range chart and what I like the most is that it keeps me more time in a trade than many other indicators. It also holds during pullbacks (small pullbacks though)

Reply With Quote
  #88 (permalink)
 ArtCole 
Indianapolis, IN
 
Experience: Advanced
Platform: NinjaTrader
Frequency: Daily
Duration: Days
Posts: 27 since Jan 2010
Thanks Given: 6
Thanks Received: 2


spikoloco View Post
As like many other indicators, it has its strenghts and weaknesses but in general it's a very good and simple one.

True enough these are simple indicators. They are also free so save yourself some money!

Reply With Quote
  #89 (permalink)
 vinceb 
Buffalo NY
 
Experience: Intermediate
Platform: Ninja, Tradestation
Broker: Glocapmarkets
Trading: FDAX,FOREX,GOLD,NQ,CL
Posts: 35 since Dec 2009
Thanks Given: 8
Thanks Received: 10

trade 2 accounts? gee there are not any limits when you want to steal i guess.

Reply With Quote
  #90 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009


This excerpt from Jane's superb analysis is all you need to know to stay away from Viper's Russell AT unless you enjoy losing money. Allow me to net it out for you.

From 9/09 thu 12/09, AT gained 368 points @$10/point = +$3,680.
900 contracts commission @$4.50 = -$4,050
Viper fee, $299/month x 4 = -$1,196

NET LOSS: $1,566.

Well, Charles, Rich, Gary, and the subscriber's broker made money; and four out of five ain't bad.

Attached Thumbnails
Click image for larger version

Name:	ViperResults.jpg
Views:	345
Size:	302.1 KB
ID:	7095  
Reply With Quote





Last Updated on April 14, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts