The pattern Trapper (www.patterntrapper.com) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


The pattern Trapper (www.patterntrapper.com)
Updated: Views / Replies:4,163 / 7
Created: by BarOne Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

The pattern Trapper (www.patterntrapper.com)

  #1 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, TF, 6E, 6B, QM
 
Posts: 25 since Nov 2010
Thanks: 2 given, 23 received

The pattern Trapper (www.patterntrapper.com)

this is a review of the Pattern Trapper www.patterntrapper.com there are several video's posted on this website about how the indicator works and how well it works on trades. Yes, as much as I hate to admit it, I purchased it...needless to say there are better ways to spend $325 for the JumpStart indicator. It is basically the MACD, nothing more the only thing is it creates bars when on the oscillator when there's a set up. In the video's there aren't a lot of set ups popping up, but after purchasing there are several set ups and an overwhelming number of false set ups. The creater of the indicator said, to read the PDF file CAREFULLY, basically it tells one how to read a MACD. When using the MACD, the basic rule is to avoid trading when the slow and the fast lines are hugging or basically parallel to the zero line, well...when using the JumpStart oscillator guess what...yes you guessed right!

The vendor encourages people to purchase the $999 1-1 mentoring program so that one knows how to better use the oscilator. When I sent an email to the vendor stating the above, he never responded...I did mention I am not sure how much value I will get from the mentoring when there isn't much value in the indicator itself.

It's amazing what people are selling...yes its just as and even more amazing what people will pay for. Just goes to show one can put up a fancy web site use Ninjatrader market replay adjust it so that it so that the market is moving in your favor tweak an indicator and sell it - note: I'm not saying that The Pattern Trapper is doing this. Oh one more thing, you cannot tweak the indicator so that it doesn't create as many false set ups or for using it on other markets as the YM does not trade the same way as the 6E, TF, CL, etc.

Reply With Quote
The following 6 users say Thank You to BarOne for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received


I've been using Bob Hunts signals as a reference for years for free , both posted at Inside Futures: Relevant trading-focused information authored by key players in the futures, options and forex industries daily as well as his website. The videos have been there as long as I can remember , not sure if they have changed with the new website or not, but clearly showed an osc. or "MacD" and signal alert , I never purchased anything because I can make my own , but don't see where you can say there was any expectation of something different or that you did not receive something promised ?

Also don't see how one can review/comment a mentoring program without taking it first.

If you bought it , you might as well learn how to read it and use it, if you have specific questions, why not ask them to him instead of saying it doesn't work , pretty much any indicator that is set to perform a task will work as designed

I have no affiliation with bob Hunt or the pattern trapper but don't see this review as being very >>>useful(wrong word)<<< edit: fair . JMO

It seems as though the mentoring program is to learn to trade and use the indicators but you just purchased the indicator straight up without taking the program first?

http://www.patterntrapper.com/jumpstart-single-screen-mentoring-program.html


http://www.patterntrapper.com/jumpstart-trading-videos.html

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter

Last edited by GridKing; March 21st, 2012 at 02:52 AM.
Reply With Quote
 
  #4 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, TF, 6E, 6B, QM
 
Posts: 25 since Nov 2010
Thanks: 2 given, 23 received

GridKing...thanks for your post. I'm a little confused with your post. You seem to be challenging me on my opinions of the indicator, yet you have not purchased or tried. Then you state how can I comment on the mentoring program when I haven't purchased it.

As far as my comments on the mentoring program, please read it carefully...I simply stated:
1) the vendor encourages to purchase the 1-1 mentoring
2) I emailed the vendor and said in the email "I did mention I am not sure how much value I will get from the mentoring when there isn't much value in the indicator itself" - the vendor has not responded to this comment.

So, in no way have I said anything positive or negative about the mentoring for the reason that I have not purchased it. I only repeated what I wrote to the vendor and stated I have not received a response.

Just me, before I challenge someone on what they have experienced and seen, I do my research...I also like to practice what I preach, that is I am not oing to sit and callenge someone on an indicator they have purchased and I haven't, then turn around and tell them that they have not purchased the mentoring program so how can I comment on it...when in fact they just listed what they wrote to the vendor....JMO

Reply With Quote
The following 3 users say Thank You to BarOne for this post:
 
  #5 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received


blackrhino View Post
GridKing...thanks for your post. I'm a little confused with your post. You seem to be challenging me on my opinions of the indicator, yet you have not purchased or tried. Then you state how can I comment on the mentoring program when I haven't purchased it.

As far as my comments on the mentoring program, please read it carefully...I simply stated:
1) the vendor encourages to purchase the 1-1 mentoring
2) I emailed the vendor and said in the email "I did mention I am not sure how much value I will get from the mentoring when there isn't much value in the indicator itself" - the vendor has not responded to this comment.

So, in no way have I said anything positive or negative about the mentoring for the reason that I have not purchased it. I only repeated what I wrote to the vendor and stated I have not received a response.

Just me, before I challenge someone on what they have experienced and seen, I do my research...I also like to practice what I preach, that is I am not oing to sit and callenge someone on an indicator they have purchased and I haven't, then turn around and tell them that they have not purchased the mentoring program so how can I comment on it...when in fact they just listed what they wrote to the vendor....JMO

Guess it boils down to communication , which sometimes is not easy on the webs

When I think of a "MacD" "working" , let's say I set a MacD to 19/39 , the cross will occur when 19 ma , crosses 39 ma , the macd will then cross above zero , if it does that it works

The Jumpstart mentoring program intro says....


Quoting 
If you're new to futures trading or would like to learn how to trade Mini Index Markets (mini S&P, Dow Jones, Nasdaq, or Russell) in a more simplified manner with greater consistency, this program is for you! Available for either the Tradestation® or NinjaTrader® platforms. Call for a free no-obligation on-line tour of the JumpStart Program and find out how you can train with absolutely NO up-front costs for charting and real-time data! 952-892-5550

This program consists of 6 hours of one-on-one mentoring sessions (conducted via the internet) and a 30 day lease of all JumpStart Single-Screen Program indicators. Also included are two workspace chart layouts (Intraday & Big Picture), and a detailed 23 page lesson plan describing each indicator and setup used along with 25 charts to assure full comprehension of each trading scenario. Be sure to check out the Trading Videos Page, which feature actual trade setup, order entry, and trade management using real-time market data.

JumpStart Single Screen Mentoring Program

So I guess I am just puzzled as to A) why someone would purchase the indicator without having gone through the mentoring program
B) Does the indicator do what it is supposed to do? Meaning does it signal a cross and alert when it is designed to alert

Just doesn't seem like a fair review IMO

I'll say that I don't believe in "the holy grail" , but I also don't believe that some people put in the time , effort and work to give trading systems of any kind a fair shake , I don't know maybe it's just me....


Nothing personal, sorry if it seems that way


http://www.nfa.futures.org/nfa-registration/cta/index.html
http://www.futuresboard.com/author/187/Bob%20Hunt.html

"Successful trading is one long journey, not a destination" Peter Borish Former Head of Research for Paul Tudor Jones speaking on conversations with John F. Carter

Last edited by GridKing; March 21st, 2012 at 02:58 AM.
Reply With Quote
 
  #6 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES, TF, 6E, 6B, QM
 
Posts: 25 since Nov 2010
Thanks: 2 given, 23 received

I'm with you, I don't believe in the holly grail, but do look for methods that work to see if I can leverage to increase my edge.

To answer your question that puzzels you as to why one would purchase the indicator without going through the mentoring program...good question! Why would someone sell the indicator separately from the mentoring program? My take is the person selling basically sets the expectation that one should be able to follow the guidelines provided with the indicator and use it. When one studies for their SAT's, GMAT, LSAT, Series 3, 7, 63 one can buy the books and study themselves or they can take a class, it all depends on each individual.

When I look at a mentoring program for trading, trading in my humble opinion depends on each individuals style, comfort, personality, etc. Therefore taking a mentoring program has limited benefits, especially when you cannot tweak the indicator to suite your trading style.

Reply With Quote
The following 2 users say Thank You to BarOne for this post:
 
  #7 (permalink)
Elite Member
Vancouver, BC, Canada
 
Futures Experience: Beginner
Platform: NinjaTrader 7
Broker/Data: Global Futures (Ironbeam), Continuum
Favorite Futures: YM
 
Posts: 12 since Jan 2013
Thanks: 22 given, 10 received

My YM setup

Thank you for your review of the JumpStart Oscillator. I found this post after considering to make a purchase also. I read a Bob Hunt blog post on using the MACD to imitate the 3/10 Oscillator.

As seen on the pic, the green fast line jumps at each swing. I trade the larger reversal swings. As a futures newbie, I watched the videos at patter trapper and am following the entry/exit rules.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to Pocketful for this post:
 
  #8 (permalink)
Zb Trader
midwest
 
Futures Experience: Intermediate
Platform: ninja trader+tws
Broker/Data: amp/cqg
Favorite Futures: zb and es
 
tbondtrader's Avatar
 
Posts: 409 since Jul 2009
Thanks: 866 given, 456 received

most of the setups are from linda rasche book street smarts. a little tweak here/there. for newby traders a good place to learn from.

Reply With Quote
The following user says Thank You to tbondtrader for this post:

Reply



futures io > > > The pattern Trapper (www.patterntrapper.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
www.theoilmoney.com and www.eminipivottrading.com futurestrader1 Trading Reviews and Vendors 24 April 4th, 2017 09:28 PM
1-2-3 Pattern Indicator aligator NinjaTrader Programming 11 February 27th, 2014 10:07 PM
Polynomial Pattern Recognition and Forecasting Indicator (www.mooretechllc.com) RodS Trading Reviews and Vendors 14 October 14th, 2012 10:09 AM
ABC Pattern tderrick Traders Hideout 1 February 7th, 2012 08:44 PM


All times are GMT -4. The time now is 07:28 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-16 in 0.15 seconds with 20 queries on phoenix via your IP 54.226.113.250