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Anyone watched Mentors Mike movies of Pacific Trading Academy


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Anyone watched Mentors Mike movies of Pacific Trading Academy

  #1 (permalink)
 jake1102 
Panama
 
Experience: Intermediate
Platform: Ninjatrader
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Posts: 10 since Jul 2011
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HI there

Anyone watched Mentors Mike Daily trading movie. He seems to be doing very well with his trading method.
Would like to hear some comments on his movies

Here is the link if you want to check it out

https://ptausa.com/pacifictradingacademy/blog/mentor-mikes-market-movie/



Appreciate the input

Jake

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  #3 (permalink)
 Peter2150 
Washington DC
 
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Not sure how you can say he is doing well. I watched part of one movie and he is using market replay data, so he already knows what the day was like. Anyone can excel if they know ahead of time where to enter and exit.

Unfortunately that puts no money in an account.

Pete

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  #4 (permalink)
 jake1102 
Panama
 
Experience: Intermediate
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Thanks Pete

So you believe that He is already aware of the results when He does these movies ? I hope that is not the case.
He one on best mentors and he claims he has trained several students to successfully do day trading.
The charges around $5,000 for the training . Anyway I found interesting his peeling strategy. I tried to re do his indicators and sim trades his approach. Works well on the 3 minutes chart . There is good percentage of winners although the losers tend to wipe out the gains. Not sure how He pulls off so many winners however and maybe I am not handling the losses correctly.

Jake

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  #5 (permalink)
 Peter2150 
Washington DC
 
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Assuming you don't buy it, to get to replay you have to have the charting program run. He was clearly replaying data.

Save your $5000 and learn here, it is better and free.

Pete

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  #6 (permalink)
 jake1102 
Panama
 
Experience: Intermediate
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Posts: 10 since Jul 2011
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Thanks for your reply. Understand that you are skeptical about this method as He is using replayed data.
However it is not easy to find a good method. Being an elite member what day trading method would you recommend in this forum ? FYI I have not signed on with them. the Instructor actually refused to accept me as an student when I asked about a guarantee. He got upset and then in a later emails said I have a deafitist attitude and He only accepted positive students. . So go figure !


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  #7 (permalink)
 
Victory Trader's Avatar
 Victory Trader 
LA, California, USA
 
Experience: Intermediate
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Trading: CL,ES mainly
Posts: 520 since Sep 2011

...trading that many contracts is crazy...Not sure what he is trying to show by trading over 100 contracts in sim/replay mode. The system look interesting and very do-able to put together... Many sharp minds here at BM's

Does anyone know how to combine different time frames on to one chart? Thanks


Peter2150 View Post
Not sure how you can say he is doing well. I watched part of one movie and he is using market replay data, so he already knows what the day was like. Anyone can excel if they know ahead of time where to enter and exit.

Unfortunately that puts no money in an account.

Pete


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  #8 (permalink)
 jake1102 
Panama
 
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Hi there

This process started with 3 contracts and after every $1,000 in profits he increased one contract . So He has grown this sim account very well. Read his earlier posts . However all this was done in replay mode. I did find the Peeling strategy very interesting. ( Taking the first target at 3 ticks ) However the stop loss is not very clear I guess it is the Parabolic Sar indicator. Let me know if anyone is up to recreate this template. It is ninjatrader.

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  #9 (permalink)
 SeeTrader 
Missouri
 
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Just when you thought you've seen it all.....

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  #10 (permalink)
 Peter2150 
Washington DC
 
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jake1102 View Post
Thanks for your reply. Understand that you are skeptical about this method as He is using replayed data.
However it is not easy to find a good method. Being an elite member what day trading method would you recommend in this forum ? FYI I have not signed on with them. the Instructor actually refused to accept me as an student when I asked about a guarantee. He got upset and then in a later emails said I have a deafitist attitude and He only accepted positive students. . So go figure !


ROFL. That is a riot. You could make any rule you liked, and make it work, if you use replay data. One of the things I work with is a simple approach using Hull Moving Averages. Do a search on Hull. There is a thread on it.

The best,

Pete

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