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Shadowtraders system. Scam or real? (www.shadowtraders.com)
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,019
Trader2, THANK YOU for your .
I am still very intrigued by this system and want to understand it better. I have a job that lets me check this type of chart periodically during the day. I am trying to set up a system that I can quickly refer to, make a decision, go back to work. Then if it can alert me to a change in market conditions I can quickly go back to the screen and make another decision.
Although many people including the purveyors of these systems like to highlight “I made $300 in four minutes,” the reality is that people have spent hours waiting for those four minutes. Reminds me of the horse track bettor who shows up at 8 am to check the horses and speak to the jockeys. The horse wins at 3:25pm ( 7 1/2 hours.) And the bettor says that was a quick $200 for just 5 minutes work.
- - - - -
Back to the charts:
I thought that was MASlope (great indicator.) It sounds like you only use it for impending exit at below 45. Is moving up to 45 an entry indicator or do you just use it for exit?
Otherwise, your indicators seem a bit basic for the wealth of enhanced indicators available here. For instance, instead of just the Macd, perhaps the MACDBBLines would help you a bit. It is a very good indicator.
On the five (5) MAs, I tried looking at using the Triple MA that has audio alerts when there is a cross over. I think it is a good item, but as mentioned here there is only so much that can be on a chart before you lose visibility. Then again. The price is actually on the right side and always visible.
In terms of the LinReg’s – they seem very close to standard MAs or better yet Regression channels. I was looking at using the triple MA because of the shding it puts in. Unfortunately, it does obscure the chart. I would appreciate your feed back on these comparisons of the Linreg to the MAs; if you have that knowledge – I have not found that information so not surprised if it is a matter of nuance.
The MOST INTRIGUING COMMENT is "watch for an angle on the 13 EMA, it should flatten out a bit." This sounds like a small slope is expected for initial entry. Any comment on that slope; i.e... a 33% slope means you already missed it?
And the last item, I am trying to use a spreadsheet checklist to evaluate the market conditions for the short time I have available to check in on it. Do you have any checklist items?
Currently I have quite a few, but here are some:
"Long" running info
GAP Opening
Open Outside HVA
Defined Trend
U-Turn back in Trend direction
Fast Swing - Big Move
"Although many people including the purveyors of these systems like to highlight “I made $300 in four minutes,” the reality is that people have spent hours waiting for those four minutes. Reminds me of the horse track bettor who shows up at 8 am to check the horses and speak to the jockeys. The horse wins at 3:25pm ( 7 1/2 hours.) And the bettor says that was a quick $200 for just 5 minutes work."
I love that statement so much!!!!!
That is so true!
I am sitting in front of my charts and waiting for a "gap close".
I am practising violin, have my violin in my hand, so this is not so boring. Both is boring - etudes for violin and waiting for my setup.
I am learning my concerts and I am traing a feeling that you have in an audition, when a trading setup comes in. That is funny. I play my concert, then I am in the trade, and it feels like a competition. Next time on a violin competition I am so trained by my trading...
that is real life.
I am honest.
Nobody in a forum tells you the truth about his daily routine.
They all seem to have clean and perfect charts, making money every day with great setups. No cluttered charts like me... with 16 lines so you can even not see the price...
they all get up early in the morning, beginning the day with sports, and ending with at least 1000 $ a day, with a great trend following strategy and no 3 ticks...
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,019
Trader2, My family is involved in Scouting (Boy Scouts and Girl Scouts.) I have found it a wonderful basis for my life. No man has a good enough memory to make a successful liar. ~Abraham Lincoln
that translates to me as I am not smart enough to lie.
My advice to you is to not try to respond to comments about your initial advocacy of ShadowTraders but to focus on what is your personal trading style. It appears you have captured the attention of many members. Let's get some value out of this discourse.
Back to trading. Any comment on the fractals and how this indicator matches to yours? Any advice on the list of items to check periodically?
And as advice, please look into the expanded indicators here. Especially look at the ones that have alerts - sound alerts for me - that can bring your attention back to the market at important movements. Thus taking your mind off your musical instrument and back to the financial instrument at critical trading opportunites.
An interesting thread is "" Priarily interesting because the bot s struggle so much. I LOVE this area and hope to eventually see one that is VERY effective. The rules of that autobot would likely become my mantra.
Any feedback on my questions is appreciated. I wish you the best of luck; "Ich wünsche ihnen viel glück."
That all takes much of your time, if you are not trained to do that.
an active trader does not have so much time.
I begin to understand that a thousand dollars is not so much when the package is full of chart exemples, indicators, templates etc. This is even true for Rockwell and their sideways market system that only works on sim (and only on TRADESTATION SIM !!!!!!!!!!!) Guys who really trade know why I write that. The others believe that this thing works...
and believe me - I do not think that those vendors are selling so many packages to make a living from that.
These times are over! That was in the golden 1990ies!! Nowadays they really have to make a living from their trading!
Especially as everybody is considered as a "scam" who is excited about his own indicator settings and telling others about that.
even me!
Big Mike asked me already if I have any relationship or affilate system with shadowtraders.
I can tell you: At that moment I asked myself why I am so stupid to post on this forum instead of just making my few ticks a day , and to waste my time, even discussions with persons like tigertrader. I am a violinist that trades when the telephone does not ring.
I make some dollars a day. I am not a hedge funds and I do not scale in and out 40 contracts using 60 and 15 minutecharts with moving averages.
I am a hobby trader. I like to tell every other trader who is also a hobby trader and asking himself if he should spend those 1000 dollars to buy another package that he could buy that thing, and that is exactly the topic of this thread.
I did not join any affilate program of shadowtraders. This is an american thing.
I went to their website - as a good american company they have an affilate program and maybe I should sign up for that as I really already spent some hours here on BigMikes forum to tell everybody that shadows are not scams and proving that with charts and realtime trading that you see on the chart. If they pay me 90 dollars because maybe jmont1 buys the package - then I am really a scam!!!!! Everybody agrees? Right?
(Don`t worry, jealous girls and boys, there is no affilate programm with trader2 and shadow)
In Germany affilate programs are are still a thing that every serious owner of a german passport tries to avoid.
Affilate programs have very bad reputation,nobody buys that b...
Maybe a mistake and old-fashioned way of thinking. The truth is that you earn nothing with those affilate programs as nobody buys that. If BigMike really believes that I spend hours with his forum because I might earn 30 british pounds or rupies or dollars because I convinced one person to buy shadowtrades package, then thank you.
The fact is that I already began to teach some methods from shadowtraders as I showed some charts.
And I can see how much time that takes.
Now I shall compare some charts to another guy who also programmed fractals. You know how much time it takes me to install everything, create charts, compare them, upload them and so on.
Irgendwie habe ich auch keine Lust dazu.
Am Ende verklagt shadowtraders mich noch, weil ich irgendeine eigenen Indis im Internet poste.
Please.
I bought that package, I showed their work. I will not teach their method on this forum ,
just because some guys still believe that shadow are just sellers and I prove the opposite, so again others try to learn the whole concept and at the end I have a problem with shadowtraders.
I make some dollars out of their work.
Showing every chart here costs me so much time -
you have an impression how look their charts and what they do.
I am not an affilate. I am a satisfied client. But I do not share more of their work. It is more than they show in their webinars at tuesdays 8PM. I thought about that a lot, the whole day. Of course tigertrader insults me to follow a scam, BigMike laughs at my "cluttered charts so you can even not see the price" (but why does BigMike not just trade but have a forum..." He should trade more should not he? Why does he run a forum? I know nothing about his successful trading.
our postings crossed each other, and mine sounds a bit frustrated because of that affilate discussion - I am so sorry! I am really trader combines with musician / musicians are so jealous if anybody is successful - same for trader!
If one trader makes one tick, the next traders insults him as a scam.
.