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Jaguar trading club (protradered.blogspot.com) w/Ed Abreu


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Jaguar trading club (protradered.blogspot.com) w/Ed Abreu

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  #1 (permalink)
 jet9jockey 
Grand Forks ND
 
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has anyone used this one

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 Daytrader999 
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Providing a link would be helpful...

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 jet9jockey 
Grand Forks ND
 
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Daytrader999 View Post
Providing a link would be helpful...

Jaguar Trading Club

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  #5 (permalink)
 Daytrader999 
Legendary Market Wizard
Ilsede, Germany
 
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NFA Case Summary

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  #6 (permalink)
 peterg 
maui
 
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Daytrader999 View Post

Different entity.

Anyone who posts a 5 year consistent and running track record up front is about as transparent as anything I have seen.
Who else out there does it ?

Each trade entry/exit w time stamp.

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 steve2222 
Auckland, New Zealand
 
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I have.

Been a life member for about 3 years.

Set me on my path to being an independent trader.

Made some good contacts from the membership which have further helped me become an independent trader.

I think Big Mike may have been a member earlier on.

I also believe @Gary follows Ed's blogs.

Also Ed posts here occasionally under @Jaguar52

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  #8 (permalink)
 Jaguar52 
NY + NY/USA
 
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Daytrader999 View Post

This gave me a momentary fright. I think I will have to change the name so as not to be associated with whoever this is. Maybe I will call it the South American Tiger Trading Club?

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  #9 (permalink)
 soch 
chicago
 
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Jaguar52 View Post
This gave me a momentary fright. I think I will have to change the name so as not to be associated with whoever this is. Maybe I will call it the South American Tiger Trading Club?

Hi Ed,

I missed your ninja trader webinar on 1/25/13 - was wondering if you have a recording I could watch, and could you please give me your email address - I didn't see it on your jaguar trading club site

thanks

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 gxeight 
Denver, CO
 
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soch View Post
Hi Ed,

I missed your ninja trader webinar on 1/25/13 - was wondering if you have a recording I could watch, and could you please give me your email address - I didn't see it on your jaguar trading club site

thanks

This should be up on the NT youtube page in a few days if Ed doesn't have a recording of his own
.

NinjaTrader Software - YouTube

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 tellytub 
london uk
 
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Has anyone signed up for the "mentor program ($3,500)" or even done the "acid test" and produced the same results as this guy? I've noticed the blogs the users have created are either very old or don't make the same results as this guy. From what I've heard about this guy from other people in the room is he don't follow his own system.

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 Cloudy 
desert CA
 
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He has a thread in the beginner's area.


From the last recent news, I think he had announced he was retiring soon, so it could be a moot point now.

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  #13 (permalink)
 Jaguar52 
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tellytub View Post
Has anyone signed up for the "mentor program ($3,500)" or even done the "acid test" and produced the same results as this guy? I've noticed the blogs the users have created are either very old or don't make the same results as this guy. From what I've heard about this guy from other people in the room is he don't follow his own system.


Actually, you are right. I don't have a system. I cannot tell you what I do here in this forum, and I cannot tell you what to do. Yes, some of those club member blogs are old. Some are current and maintained as the guys go through some training. They are all in sim. You won't see anyone posting their cash results who is training with me. I can't tell you why here. I can't tell you much of anything here about what I do because of the vendor restrictions.
However, I can offer this piece of counsel. Do not take anyone's word or advice about anything concerning this business, including mine, unless you have done your own research. If you start out being brain lazy and do not do a significant amount of personal due diligence about this business then you will have a long, hard, difficult, and costly time of it.

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 tradermark2009 
Concord, CA
 
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Jaguar...since you have had a trading room for a while what do you think or know what is the % of traders that took you training have/had become traders that are profitable?

What makes your 3K or 3.5K cost worth it-I guess what seperates you from others that charge the same.

When you trade do people see your entries and exits, or trades just talked about? Not trying to be sarcastic just asking real questions on what is worth the $$ of what you teach.

How much is your room open, ie M-F, as an example.

Thank you


Jaguar52 View Post
Actually, you are right. I don't have a system. I cannot tell you what I do here in this forum, and I cannot tell you what to do. Yes, some of those club member blogs are old. Some are current and maintained as the guys go through some training. They are all in sim. You won't see anyone posting their cash results who is training with me. I can't tell you why here. I can't tell you much of anything here about what I do because of the vendor restrictions.
However, I can offer this piece of counsel. Do not take anyone's word or advice about anything concerning this business, including mine, unless you have done your own research. If you start out being brain lazy and do not do a significant amount of personal due diligence about this business then you will have a long, hard, difficult, and costly time of it.


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 Big Mike 
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tradermark2009 View Post
Jaguar...since you have had a trading room for a while what do you think or know what is the % of traders that took you training have/had become traders that are profitable?

What makes your 3K or 3.5K cost worth it-I guess what seperates you from others that charge the same.

When you trade do people see your entries and exits, or trades just talked about? Not trying to be sarcastic just asking real questions on what is worth the $$ of what you teach.

How much is your room open, ie M-F, as an example.

Thank you

He can't answer without violating our self promotion policy. Send him a PM or go to his website

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 Tiger45 
San Diego, CA, USA
 
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tellytub View Post
Has anyone signed up for the "mentor program ($3,500)" or even done the "acid test" and produced the same results as this guy? I've noticed the blogs the users have created are either very old or don't make the same results as this guy. From what I've heard about this guy from other people in the room is he don't follow his own system.

I'm a member of the club and can offer my opinion. I have not been successful at this despite many months of hard work (haven't given up though), so take my comments with that in mind.

As with anything, there is good and bad.

First the good:
  • Ed is a really nice guy and will spend as much time with you as you request. The one-on-one sessions with him are arguably the best part of the course. As he says, what you're are paying for is his time and he doesn't hold back on that.
  • He shows, day after day, that it really is possible to scalp successfully.
  • He posts his results every day so you can always look at his trades and try to figure out what he did.
  • His way of trading is very simple - not to be confused with easy.
  • You can trade live sim in the room (mic work) and Ed will watch you trade and comment on it. This is valuable.
  • You have a microphone while in the room and can ask questions. No typing into a chat box (although you can if you want). This is very nice.
  • Membership in the course provides you with many recorded one-one-one sessions, maybe hundreds of hours worth. These are interesting at times, but quite redundant. You will have to sit through a lot of commentary to find some new ideas or comments that have meaning for you.

On the down side:
  • If you're like most people, the word 'course' means something specific to you. There is no course like that. There is no reading material other than some ancient PDF's that he provides but are really more confusing than helpful. Part of the course is sending in marked up charts showing your read of S/R. The very few times you do this, you're likely to receive very superficial comments, if any. More than likely, he'll just say they look good and then you're done with sending in charts (my experience along with 1 other). There is nothing stopping you from submitting more charts and asking specific questions, but my experience is that the answers are vague.
  • You need to be very proactive. Ed will likely never contact you to see how you're doing, even if you have a blog. For example, he will not review your blog, see that you're stuggling, then contact you to see what you're stuggling with. This has been my experience, along with 2 other students I know.
  • His method is very simple: trade long from support and short from resistance. However it is up to you to decide what is S/R. If you cannot do this, you can't trade his method. Ed does have some excersizes that he wants you to do to help with identifying S/R and order flow. I've spent many, many hours doing this, but success still eludes me.
  • Ed is a master at what he does and sees things clearly. I believe his goal is to help you to see things as he does and trade successfully. That said, comparing him to the many teachers I've had in my life pursuing 2 college degrees, for me (and me only), I think he's an ineffective teacher. This could be because I'm expecting something different, like a teacher of a college course, or maybe I'm not cut out for this style of trading. I've considered that.

My recommendation to you is to subscribe to his monthly service and sit in the room for as long as you like. You might be able to ask questions as a non-member, but I'm not sure. You should also watch the many hours of video that he provides on his site. The recorded one-on-one sessions are not much different from those, there's just a lot of them.

If you are looking for a bunch of setups to trade, you will be disappointed. There are no setups. If you're a pattern monkey like me, you will have a hard time of it. This method is something different.

Between his room and the free videos, and a lot of hard work on your part, you will be able to decide for yourself whether full membership in the club is worth it. If you think ponying up $3,500 is going to make you a profitable trader in a few months, you are deluding yourself.

Am I a happy, satisfied customer? Do I have any regrets? Well, no regrets, but not happy either. This is completely on me and my inability to make this work. However, I am not giving up.

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  #17 (permalink)
 Jaguar52 
NY + NY/USA
 
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Tiger45 View Post
I'm a member of the club and can offer my opinion. I have not been successful at this despite many months of hard work (haven't given up though), so take my comments with that in mind.

As with anything, there is good and bad.

First the good:
  • Ed is a really nice guy and will spend as much time with you as you request. The one-on-one sessions with him are arguably the best part of the course. As he says, what you're are paying for is his time and he doesn't hold back on that.
  • He shows, day after day, that it really is possible to scalp successfully.
  • He posts his results every day so you can always look at his trades and try to figure out what he did.
  • His way of trading is very simple - not to be confused with easy.
  • You can trade live sim in the room (mic work) and Ed will watch you trade and comment on it. This is valuable.
  • You have a microphone while in the room and can ask questions. No typing into a chat box (although you can if you want). This is very nice.
  • Membership in the course provides you with many recorded one-one-one sessions, maybe hundreds of hours worth. These are interesting at times, but quite redundant. You will have to sit through a lot of commentary to find some new ideas or comments that have meaning for you.

On the down side:
  • If you're like most people, the word 'course' means something specific to you. There is no course like that. There is no reading material other than some ancient PDF's that he provides but are really more confusing than helpful. Part of the course is sending in marked up charts showing your read of S/R. The very few times you do this, you're likely to receive very superficial comments, if any. More than likely, he'll just say they look good and then you're done with sending in charts (my experience along with 1 other). There is nothing stopping you from submitting more charts and asking specific questions, but my experience is that the answers are vague.
  • You need to be very proactive. Ed will likely never contact you to see how you're doing, even if you have a blog. For example, he will not review your blog, see that you're stuggling, then contact you to see what you're stuggling with. This has been my experience, along with 2 other students I know.
  • His method is very simple: trade long from support and short from resistance. However it is up to you to decide what is S/R. If you cannot do this, you can't trade his method. Ed does have some excersizes that he wants you to do to help with identifying S/R and order flow. I've spent many, many hours doing this, but success still eludes me.
  • Ed is a master at what he does and sees things clearly. I believe his goal is to help you to see things as he does and trade successfully. That said, comparing him to the many teachers I've had in my life pursuing 2 college degrees, for me (and me only), I think he's an ineffective teacher. This could be because I'm expecting something different, like a teacher of a college course, or maybe I'm not cut out for this style of trading. I've considered that.

My recommendation to you is to subscribe to his monthly service and sit in the room for as long as you like. You might be able to ask questions as a non-member, but I'm not sure. You should also watch the many hours of video that he provides on his site. The recorded one-on-one sessions are not much different from those, there's just a lot of them.

If you are looking for a bunch of setups to trade, you will be disappointed. There are no setups. If you're a pattern monkey like me, you will have a hard time of it. This method is something different.

Between his room and the free videos, and a lot of hard work on your part, you will be able to decide for yourself whether full membership in the club is worth it. If you think ponying up $3,500 is going to make you a profitable trader in a few months, you are deluding yourself.

Am I a happy, satisfied customer? Do I have any regrets? Well, no regrets, but not happy either. This is completely on me and my inability to make this work. However, I am not giving up.


Reading Order Flow Using Range Bars. KISS THIS!
“Nicolellis range bars were developed in the mid 1990s by Vicente Nicolellis, a Brazilian trader and broker who spent over a decade running a trading desk in Sao Paulo. The local markets at the time were very volatile, and Nicolellis became interested in developing a way to use the volatility to his advantage.”
Characteristics of range bars:
1- Range bars can defined in a specific price spread.
2- Range bars can only open outside the range of the previous bar.
3- Range bars can open anywhere in the bar, but can only close at the high of low of the defined range.
4- Range bars present price in a defined spread without time.
Range bars define volatility or market movement. More movement more bars, less movement less bars. All of the above can be researched further on the internet, but for our purposes this is all we need to know.
I have discovered that a few other characteristics of range bars have been glossed over mostly because for many they have been taught that small ranges of price movement equals chop and we should not trade chop. We have been taught that only 3:1 ratios will make money, and anything else is not sustainable. Face it, the information out there just does not apply to intra-day futures trading for retail traders funding levels and risk allowance.
Another feature of range bars that is also unique is that they are a visual representation of the time and sales window, aka the tape; much like the old ticker tape bubble machine from pre-modern computer technology. The spread of your arms was the price range you could track.
Range bars present price without time. They measure volatility. Each bar represents a defined price spread. The larger the defined range or price spread the more price will have moved from the open of the bar to the close of the bar. A 3 range defined bar represents 3 price points. A new bar opens only after price has traded beyond its defined range. A range bar can open anywhere, but it can only close at one end or the other of the defined range.
The speed of the orders hitting the bid or the offer and the speed at which the orders are being filled is a measure of the volatility present in the market for the defined range, or price spread, we are tracking. The sequential open and closing of the range bars without overlapping is also a measure of the volatility. More volatility will produce more bars. When price is in balance then range bars will move sideways as price trades within a defined range. If we define a 3 range bar, then there could be a series of bars side by side with the open of each bar 1 tick higher than the close of the previous bar and then a series of bars 1 tick lower than the previous bars. Even though we may have defined a 3 point price spread or range bar, any sideways movement of price can be defined by the expanding and contracting of slightly overlapping range bars. If we defined a 3 range bar, then this sideways movement is not tradable. If we defined a 15 range bar, then this range is tradable even if the bars are going sideways. When the demand, (buyers), or suppliers (sellers), are dominant then you will see a series of range bars moving in one direction for a sustained move. When buyers or sellers are trying to muscle each other for dominance and neither side is willing to capitulate, then you will see range bars moving in a general direction for an extended move. This difference is represented visually by the range bar charts structure.
As a range bar builds, or price trades in the defined range, volume can increase or not increase. For every trade there is a buyer and a seller. As the contract is traded, one contract enters the market and one contract exits the market. If price trades on the offer and volume increases then a new contract enters the market. If price trades on the bid, then one contract exited the market. When watching volume increase on the up ticking of a range bar then we are looking at orders being filled on the offer. If on the uptick of the range bar we do not see an increase in volume then price traded on the bid as one contract left the market. When watching the speed of the range bar build we can see how fast orders are being filled on the bid or the offer. If orders are being filled on the upticks of a range bar and volume is increasing then we would expect the bar to close up, and continue up as price trades beyond the defined range. If the next bar closes down, then we can take note that on the open of the new bar something significant happened and at that moment we can see that the flow of control shifted.
Range bars present a micro view of order flow in a visual manner. In futures intraday trading many trading theories and concepts do not apply. Intraday futures trading is its own animal.
The futures market is a dynamic place. It was designed to facilitate a means to speculate on a future value of a commodity or to speculate on the value of a group of commodities, or an index. Without volatility or movement no money can be made. Interest is taken by buyers and sellers speculating on the fair value of the instrument. The point where this interest was manifested is recognizable if looking at range bar charts. It is difficult to see otherwise. What is not apparent is whether the interest at the same price point is still valid 2 minutes or 2 hours from now. When tracking this dynamic support of a price level or this dynamic rejection of a price level we get a clue as to what may or may not happen should price return to this level 2 minutes from now or 2 hours from now. Watching the manner in which the trading range is moving and watching the speed of the range trade, expand and contract, and noting the volume manifested as the price range completes its exchanges can help us to speculate on the possible reactions at the previously defined dynamic S&R level. Given the limited but precise amount of information we need to absorb and consider, we can make a well informed decision to enter into a position, exit a position, or just stay out. As with everything in the market, price can be manipulated and more than likely, most often is. The DOM can and often is stacked, ice burg orders exist and wreak havoc, and larger traders muscle smaller traders into submission. There is no guarantee that even if you become the greatest tape reader in the world that you are going to have continuous successful profitable trades. So, there you have it. The totality of what I do to trade the way I do, in a nutshell. Good luck with it.
I do not sell indicators, systems, auto-traders, magic formulas, or secret information.
You have paid to watch me trade, pick my brain, watch old recordings of my own progress over the years trading and what I have learned. You have paid to watch recorded sessions of others who are going through a similar learning curve. You have paid for my coaching you along your own learning curve for a small fee (mommy did not raise a fool). I willingly supply the totality of what I have learned (to date) over the years trading in an outlined progressive format for anyone to learn. Your own progress is measured by meeting specific performance milestones. If you cannot swim the length of the pool you do not get on the swimming team. It's that simple. You can try a smaller pool, or another team; but this team is not for you. Sorry, but that is the harsh reality of this. Doesn't mean you cannot trade, just means that you cannot trade this way. But, please don't give up. Ask more questions. Watch those 1:1 recordings of others. Get on mic work and let me watch you trade and hear your analysis in real time. I don't care what indicators you use or what system you use. If standing upside down in your red underwear with your left thumb up your butt enables you to trade well, then by all means, do it. But in the immortal words of Mr. Spank, how's that been working for you? So finally, yes, it is a lot of work for some, and for others it will be impossible. But for yet others... bingo! So, you just need to decide which are you? Thanks ... I think? um...many months? Buddy, it takes 6 months to just get through the information from the last 10 years of my trading as per the outline. And what is the strangest thing of all is that all the information is out there, except you have to put the pieces together yourself. What?! You think I made all this stuff up myself? This forum has most all of what you need. You have to do the work yourself. No one can do it for you.
It is like the clouds. We see them, we agree they are clouds, but the cloud I am looking at is an elephant. What is it to you? Describe it.
Not everyone is going to get it. The number of successful traders (those making some money, not losing more than they make) out of the 70 students in 7 years is 6. Only 1 member a year ever goes all the way through the course (which is clearly outlined) and gets a passing grade from me. The actual live cash market gives them their final exam, but I am there to hold your hand the first 3 months. Out of those 6, there have been 3 great traders. One is about to give his first years summary. Yes, this is also all my fault.
Anyone reading this, if there is one thing u take away from all this junk it is this thought. Do not take anyone's word for anything in this business. Not mine, not anyone's from anywhere. Learn to see. Trade what you see.
Oh, and take full responsibility for your results.
Oh, and safeguard your edge!
My friend, 90% of it is all in your head. You cannot buy a fix.

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 BeachTrader 
San Diego
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP / CQG
Trading: CL, ES, NQ
 
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Posts: 310 since Nov 2011
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Ed your response is very hard to read in this forum. Long sentences, very few paragraphs or spacing. Maybe it's my browser (Firefox) that makes it difficult to read. But I did not think that the kiss my butt comment (even if about range bars or order flow) was a good way to start a conversation with someone who it appears tried to write an honest appraisal of his experience with your system. So you may have a ton of good nuggets in your message, but I missed them for the reasons above.

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  #19 (permalink)
 Jaguar52 
NY + NY/USA
 
Experience: Advanced
Platform: Ninja
Broker: Optimus Futures- Rithmic
Trading: CL, 6E
 
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BeachTrader View Post
Ed your response is very hard to read in this forum. Long sentences, very few paragraphs or spacing. Maybe it's my browser (Firefox) that makes it difficult to read. But I did not think that the kiss my butt comment (even if about range bars or order flow) was a good way to start a conversation with someone who it appears tried to write an honest appraisal of his experience with your system. So you may have a ton of good nuggets in your message, but I missed them for the reasons above.

Kiss ... As in Keep it Surprisingly Simple (polite interpretation) is an acronym for simplicity in trading. I have no problem with the review, opinions, or comments of others. Please, comment on. You are free to re-arrange my paragraphs. You will have to learn that skill in trading... Rearrange the information you gather into an understandable format that is useful to you, or sit back and be convinced and sold into something.
I am getting cantankerous in my old age! Parsnipitty too!

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  #20 (permalink)
 scalpingticks 
Chicago, IL
 
Experience: Intermediate
Platform: Ninjatrader
Broker: AMP
Trading: CL, TF
 
Posts: 41 since Jul 2012
Thanks: 18 given, 43 received

I'm proud to be a member of the club. I haven't been greatly successful but it has nothing to do with Ed, it has everything to do with me not putting in the work but Ed hasn't and won't give up on the club members. Even if I don't hang around in the room all the time it's very helpful knowing I have support and help there. My 2 cents.

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  #21 (permalink)
 coolriverjoe 
Gallup NM USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Treasuries, Emini ES
 
Posts: 17 since Sep 2014
Thanks: 0 given, 15 received

My name is Joe Colaianni. I go by the member name of coolriverjoe in Ed's Jaguar trading room. I have been a member in the club for 13 months now and it has been one of the best decisions I have made with regard to becoming a better more consistent trader.

I own a small restaurant and was getting tired of being married to the business. So I decided I wanted to change my lifestyle. I decided to try once and for all to follow my dreams and become profitable at trading. Which in turn would free up time for me to enjoy my life and start living again.

I have tried all the boxed systems and indicators you could imagine like everyone else. With no luck and lots of money lost. But I was determined to find the answer, if there was one. I knew from being a college golfer that practice and mentorship were the true answer and there was no shorts cuts to success. So I combed through every trading mentor website I could find. Looked at all the hype regarding unreal results and projections. And found nothing. Everyone wanted to teach me but no one wanted to put the time in. What I mean by that is, there were time restrictions and limits on most every course. By chance one day I found this very forum and started combing through this site. By luck, I found Ed and his site. I read his posts and philosophies on trading. For some reason, his writings made sense to me. I knew and felt this was not some fly by night trader. And for me to be successful, Ed would help me but ultimately it was on me to do the work and that there would be no instant gratification. Ed will show you his methods, drill you on the discipline required and give you goals and milestones to reach before he will let you even consider trading a cash account.

Ed will not hold your hand and push you along. He will not baby you and sugar coat things just to make you feel better. Trading and Cash are a very real thing. Ed is a very REAL AND HONEST person with regards to trading and mentoring. He will push you and ask the tough trading and mental questions. He will put you on the hot seat(MIC work) in the trading room and watch/comment while you trade, while the other members in the room watch you trade as well. Ed will ask you the most important question and that is WHY. Why did you take the trade? Why do you need this trade? Why do you want this trade, etc.? He will not force feed you.

Needless to say, it has been a rough journey for me these last 13 months. I haven't put all the time I wished into my trading and working with Ed. But Ed has never left my side and everytime I ask for help, Ed is there. Its nice to know he will always be there (until he retires) and gives me confidence when I need it. Right now, I am very close to reaching my training goals and numbers with Ed. Hopefully soon I can take Ed's ACID TEST. Pass the ACID TEST. And then start trading cash. Until then, Ill keep working on my trading and working with Ed for however long it takes. That day may never come but I know I have Ed and the Jaguar Trading Club to help for as long as it takes.

My advice to anyone that took the time to read this. Take the trial membership Ed offers. See what Ed is about. Listen and read his essays and trading philosophies. People this is not a get rich make you master trader over night deal. This is work and hard work and its for life. But with Ed as your mentor and the club members in there fighting with you, you will have a great chance at success, if you honestly work. I know this is obtainable because I see Ed trade everyday and know his results. I have also seen in the last 13 months a couple of his students become very successful at trading. It makes me try harder and want to join those students and Ed at trading cash. Remember this, "What one man can do, another can do."

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  #22 (permalink)
 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL ES
 
Posts: 21 since Feb 2013

This post has motivated me to finally stand up and share my experience with the Jaquar Club. My experience has been nothing but disappointing. Sadly you will have a better chance of making money at Vegas than you will have becoming a success trader through Ed’s teachings.

I like many other students were lured in by Ed’s blog where he shows an amazing 80%-100% win rate, no losing days and averages over 200 ticks a day. After being a member I now believe the blog is fake and unless you get a broker’s statement I would not believe any of it. But I will admit Ed is a marketing genius and everything he does is designed to lure in new members. Even his statement that he will be retiring soon is a method to elicit a sense of urgency to join before it is too late to be trained by this amazingly profitable trader. Unfortunately, as I have come to learn, it is all smoke and mirrors as I will detail below.

The site states you can watch over his shoulder as he trades. But the fact is by the time
Ed opens the room he is mostly done trading and when he does trade on mic he loses money on trade after trade. At first I thought he was just having a bad week. After all how could this amazing trader showing 80%-100% win rate lose money again and again when he actually trades live in front of you. But sadly it was not a fluke, as I watched him lose money day after day and month after month.

And the students that have become profitable traders from his guidance are far and few between. In fact, I am only aware of one student in the last year that has become successful and he mostly trades the DAX using different charts and different trade management than Ed teaches. I would say he became successful not because of Ed, but in spite of Ed. In fact from what I have seen and Ed himself has stated his student’s failure rate is higher than the industry standard failure rate. How is that possible? How can this guy with any conscious take $3500 to mentor you to produce a failure rate higher than the industry standard? The reason is, “ THE METHOD EDWIN TEACHES CANNOT BE TRADED PROFITABLY BY ANYONE INCLUDING ED”.

But here is the nice thing you do not have to take my word on it. Ed will give you a trial membership. And I will tell you exactly what happens every day in the room and you can see the truth for yourself (of course after reading this maybe he will do something different)

1) Ed will open the room after he has made most of his trades for the day. He then does everything possible not to trade live. He will try to get a student to come on mic instead. But no student wants to do mic work; I will explain why later.

2) In order not to make any trades in front of you, Ed will then say it is not endless winnings and that is why he does not want to trade live. But the fact is he does continue to make trades off mic, so him not wanting to trade has nothing to do with, “there is not endless winning” and all to do with the fact he does not want you to watch him lose money trading live.

3) Finally Ed might take one or two trades and even using an inverted risk to reward he will lose money 70% of time. That is right this self-proclaimed trading GOD will lose money trade after trade. Apparently he mysteriously can only make money trading off mic when no one is around. Which leaves me to 2 possible conclusions; 1) his Blog and results posted are fake or 2) he trades another method off mic, which he does not teach,

4) Speaking of fake results, I must point out I have seen his live trading loses mysterious not appear on his blog which is supposed to be showing “ALL” his trades,

5) Then after continuing hammering on the students, eventually he might get some poor student to do mic work. Mic work is supposed to be this great opportunity to have Ed guide and teach you. But instead it is just more of his marketing plow. He just belittles the guy on mic while he and sometimes one of his shills will call out winning trades in hindsight and then he tells the student in hindsight’ “why didn’t you take that one”. And on top of that, Ed makes fun of the student for the trades he does take which lose money. You will watch his students just lose money day after day. But as I said Ed is a marketing genius; he will come on the air and set the stage whereby the student is just not following what Ed has taught him and if only the student listened to Ed he would be profitable. Absolutely BS to convince people on trial to join. But I must admit he knows how to market and get new members.

6) If no member goes on the mic, Ed usually gets upset and closes the room and many times close the room for the rest of the week; which brings me to another marketing scam. Ed says Fridays are member only days where he teaches you to trade. When I joined I waited for those Fridays to actually be taught something. Well you are lucky if he ever opens the room on a Friday and on the rare and I mean rare chance he does; Friday is just the same as every other day. There is absolutely no difference.

After being a member I am so convinced Ed’s blog is fake, I will put my money where my mouth is. I will put up $100, maybe @Big Mike will be willing to hold it in escrow, and donate it to the charity of Ed’s choice if he can trade profitable for just one week.

Heck I would go further; make an announcement right here on Big Mike that you will open the room to all to watch you trade live for one week. And lets post the results right here for all to see. This should be a no brainer for a person claiming to have a 80%-100% win rate, no losing days and averaging over 200 ticks a day. Plus you state at your site members can watch over your shoulder as you trade. In a week you should be up an easy $10K in profits. A win to the charity and a win for your club.

But after watching Ed trade I doubt he will take the challenge. In which case I say get a conscious. Offer all your students their money back. Of course if he did that I am sure 99% of the student would want their money back.

One final note Ed got mad at Tiger45 for his post, and sent out an email asking everyone who Tiger45 was and that he should have come to him instead of posting on Big Mike. Well I cannot speak for Tiger45 but the reason I came here is to inform others about this club before they wasted their hard earned money.

All I can say is when it come to the Jaguar Club; Caveat emptor, Let the Buyer Beware!!!!

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  #23 (permalink)
 coolriverjoe 
Gallup NM USA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: Treasuries, Emini ES
 
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Arafg,

Could you please share your true full name and your Jaguar Club name as I have in my post.

Thank you

Joe Colaianni

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  #24 (permalink)
 Jaguar52 
NY + NY/USA
 
Experience: Advanced
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Trading: CL, 6E
 
Posts: 236 since Nov 2009
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arafg View Post
This post has motivated me to finally stand up and share my experience with the Jaquar Club. My experience has been nothing but disappointing. Sadly you will have a better chance of making money at Vegas than you will have becoming a success trader through Ed’s teachings.

I like many other students were lured in by Ed’s blog where he shows an amazing 80%-100% win rate, no losing days and averages over 200 ticks a day. After being a member I now believe the blog is fake and unless you get a broker’s statement I would not believe any of it. But I will admit Ed is a marketing genius and everything he does is designed to lure in new members. Even his statement that he will be retiring soon is a method to elicit a sense of urgency to join before it is too late to be trained by this amazingly profitable trader. Unfortunately, as I have come to learn, it is all smoke and mirrors as I will detail below.

The site states you can watch over his shoulder as he trades. But the fact is by the time
Ed opens the room he is mostly done trading and when he does trade on mic he loses money on trade after trade. At first I thought he was just having a bad week. After all how could this amazing trader showing 80%-100% win rate lose money again and again when he actually trades live in front of you. But sadly it was not a fluke, as I watched him lose money day after day and month after month.

And the students that have become profitable traders from his guidance are far and few between. In fact, I am only aware of one student in the last year that has become successful and he mostly trades the DAX using different charts and different trade management than Ed teaches. I would say he became successful not because of Ed, but in spite of Ed. In fact from what I have seen and Ed himself has stated his student’s failure rate is higher than the industry standard failure rate. How is that possible? How can this guy with any conscious take $3500 to mentor you to produce a failure rate higher than the industry standard? The reason is, “ THE METHOD EDWIN TEACHES CANNOT BE TRADED PROFITABLY BY ANYONE INCLUDING ED”.

But here is the nice thing you do not have to take my word on it. Ed will give you a trial membership. And I will tell you exactly what happens every day in the room and you can see the truth for yourself (of course after reading this maybe he will do something different)

1) Ed will open the room after he has made most of his trades for the day. He then does everything possible not to trade live. He will try to get a student to come on mic instead. But no student wants to do mic work; I will explain why later.

2) In order not to make any trades in front of you, Ed will then say it is not endless winnings and that is why he does not want to trade live. But the fact is he does continue to make trades off mic, so him not wanting to trade has nothing to do with, “there is not endless winning” and all to do with the fact he does not want you to watch him lose money trading live.

3) Finally Ed might take one or two trades and even using an inverted risk to reward he will lose money 70% of time. That is right this self-proclaimed trading GOD will lose money trade after trade. Apparently he mysteriously can only make money trading off mic when no one is around. Which leaves me to 2 possible conclusions; 1) his Blog and results posted are fake or 2) he trades another method off mic, which he does not teach,

4) Speaking of fake results, I must point out I have seen his live trading loses mysterious not appear on his blog which is supposed to be showing “ALL” his trades,

5) Then after continuing hammering on the students, eventually he might get some poor student to do mic work. Mic work is supposed to be this great opportunity to have Ed guide and teach you. But instead it is just more of his marketing plow. He just belittles the guy on mic while he and sometimes one of his shills will call out winning trades in hindsight and then he tells the student in hindsight’ “why didn’t you take that one”. And on top of that, Ed makes fun of the student for the trades he does take which lose money. You will watch his students just lose money day after day. But as I said Ed is a marketing genius; he will come on the air and set the stage whereby the student is just not following what Ed has taught him and if only the student listened to Ed he would be profitable. Absolutely BS to convince people on trial to join. But I must admit he knows how to market and get new members.

6) If no member goes on the mic, Ed usually gets upset and closes the room and many times close the room for the rest of the week; which brings me to another marketing scam. Ed says Fridays are member only days where he teaches you to trade. When I joined I waited for those Fridays to actually be taught something. Well you are lucky if he ever opens the room on a Friday and on the rare and I mean rare chance he does; Friday is just the same as every other day. There is absolutely no difference.

After being a member I am so convinced Ed’s blog is fake, I will put my money where my mouth is. I will put up $100, maybe @Big Mike will be willing to hold it in escrow, and donate it to the charity of Ed’s choice if he can trade profitable for just one week.

Heck I would go further; make an announcement right here on Big Mike that you will open the room to all to watch you trade live for one week. And lets post the results right here for all to see. This should be a no brainer for a person claiming to have a 80%-100% win rate, no losing days and averaging over 200 ticks a day. Plus you state at your site members can watch over your shoulder as you trade. In a week you should be up an easy $10K in profits. A win to the charity and a win for your club.

But after watching Ed trade I doubt he will take the challenge. In which case I say get a conscious. Offer all your students their money back. Of course if he did that I am sure 99% of the student would want their money back.

One final note Ed got mad at Tiger45 for his post, and sent out an email asking everyone who Tiger45 was and that he should have come to him instead of posting on Big Mike. Well I cannot speak for Tiger45 but the reason I came here is to inform others about this club before they wasted their hard earned money.

All I can say is when it come to the Jaguar Club; Caveat emptor, Let the Buyer Beware!!!!

Wow. Some of the guys just skyped me about this post. You do have some valid points. Yes, I have been trading larger leverage the early hour sessions more and not much in the room lately. Yes, I have been taking a lot more time off this year than ever before. Seems it is affecting more of you guys than I realized. This kind of stuff has never happened to me before. Would have been less traumatic to you guys had you voiced things earlier. The last 2 years have been fantastic, and it has been tough " coming to work everyday " the last 6 months, when I got what I needed in about an hour, for the same number of ticks. So, I guess I do have to make a decision. Thanks for the wake up call and the push.
You going to be around for Ken's anniversary report? You should ask him about things. Maybe some of the old timers and other cash guys will show up. You can ask them too. Like I said, it is not about me.

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  #25 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

Joe, there is no need for Arafg to state his full name. His description is exactly what I have heard from many who have dropped out of Ed's program and my own personal experience. Each and every person whom I had conversations stated in one way or another the same exact thing. That Ed was at best a 50% plus trader in the room and did everything possible not to trade live. He would make others take the so-called mic, and then beliitle them. When he states look over my shoulder....that really is his main thrust thats gets people, yet that is rarely the case.

If you look at his posts you will see inthe early spring that his logs where not clear, like he used a cheap program to re-write his trades. People have stated on many occassions that trades did not appear in the room, when he was to be in cash. Again the look over my shoulder is truly bogus...think about it....did you ever see these things while in the room? Is this just made up garbage by others who want to discredit Ed?
Another thing is that Ed has been adding to losers (only recently, taht I have seen) and has been turning off his MAE and MFE...why, he doesnt want to show people who are looking for a trainer to show he goes against his method. Is that 100% transparentency and 100% honesty? No it is not. I am glad that Arafg has stood up to Ed and has called him out. These things have been going on for over 4 years while Ed has signed up one after a another to only be disappointed that what is marketed as an 100% honest trader...may be not the truth?

Before anyone gives me heat for this...be responsible and do your own research of the facts as they are laid out.. by Arafg..and I'm sure others will step forward....Look carefully at his blog...just open your eyes and look very carefully the clues are there.

I have posted a few jpgs from his blog, and carefully look at the january post, not clear between the line, not all but some...why? The MAE amd MFE change...just recently...why he has been cost averaging...which he says not to...do you think this was done in the room...which his students are watching? Remember...look over my shoulder.
If traders pay 3k to 3.5K for some training, we expect that person to do as he states in any marketing or promotionals. If you say t\you show your trades, then show then and not come inthe room stating you make you target for the day, and have a student take the mic. People pay to watch the trainertrade, we reallyt want to see someone trade and be profitable. Then we can trust that the method is worthy of our time and effort..that we know it can be dupicated. When that is known, then it is possible for a lot more traders to be as good as the trainer...if they put the time in to it and practice correctly as the money making trainer does. Anything in between really is not what people pay someone with there hard earned cash. We want to mimic a winner not just a talker....anyone can talk about trainng and doing the correct things to become a real trader, but the real question is...can that person who we paid do what he says he does...sadly I haven't seen one person do it as yet. I have paid over 20K, in teaching...and yes Ed was one...back in 2011.


Your experience is your eperience and if it has helped you then good for you.


coolriverjoe View Post
Arafg,

Could you please share your true full name and your Jaguar Club name as I have in my post.

Thank you

Joe Colaianni


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  #26 (permalink)
 coolriverjoe 
Gallup NM USA
 
Experience: Intermediate
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Trading: Treasuries, Emini ES
 
Posts: 17 since Sep 2014
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tradermark2009,

I don't see nothing wrong with asking for people's names and club names. If you want transparency, as we all do, then this should not be an issue. Because if one demands transparency, then one must be transparent themselves. That is why I furnished my name without any hesitation and would expect the same from all parties that post good or bad on this subject.

Thank you

Joe Colaianni

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  #27 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
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It is his choice...my futures.io (formerly BMT) is my club name...which I have been remove from do to inactivity...I'm sure. I asked for transparency when I paid my 3k and I did not get it. I believe others will come out and state the same here regarding this topic. If others post and do not want transparency by using their name is that wrong...no, its a choice. Transparency should come from Ed simply because Ed said he would deliver it when it came to training his traders...most did not get it. I say most because it seems like you did, which is great. But, I can assure you most do not feel that way. I also must say, Ed did provide some good stuff...but it was not worth it for the time, effort spent and the overall cost. But I was looking to look over his shoulder to see how to mentally see how he traded and how to handle a fast or slow market, how to use morning prep, then use it during the day...when to change when the market changed during trading hours. I wanted Ed to show me while trading, and that happened on few occasions...really too few.


coolriverjoe View Post
tradermark2009,

I don't see nothing wrong with asking for people's names and club names. If you want transparency, as we all do, then this should not be an issue. Because if one demands transparency, then one must be transparent themselves. That is why I furnished my name without any hesitation and would expect the same from all parties that post good or bad on this subject.

Thank you

Joe Colaianni


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  #28 (permalink)
 coolriverjoe 
Gallup NM USA
 
Experience: Intermediate
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Posts: 17 since Sep 2014
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tradermark2009,

Fair enough and point understood. Do you believe there is a way to successfully trade?

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  #29 (permalink)
 scalpingticks 
Chicago, IL
 
Experience: Intermediate
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Trading: CL, TF
 
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Seems a bit fishy all the Ed complainers are from CA?

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  #30 (permalink)
 scalpingticks 
Chicago, IL
 
Experience: Intermediate
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Seems a bit fishy all the Ed complainers are from CA?

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  #31 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
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Ok...Scalpingticks....I'll take the bait....In what way is this so-called fishy? Just an FYI, Mike keeps a very close tabs on who his memebers are, we (arafg and I) are not related and I have no idea who arafg is. In this case location means nothing.

Arafg, just struck a nerve with me and others over the last few years who have voiced the same concerns that arafg stated.

If you have anything that could be helpful to this discussion it really would be great, remember...what I stated is just my simple own experience over the last 3 or so years.


scalpingticks View Post
Seems a bit fishy all the Ed complainers are from CA?


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  #32 (permalink)
 scalpingticks 
Chicago, IL
 
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No bait to take I just found it odd that all 3 people with problems are all West coast.

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  #33 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

@coolriverjoe, to answer your question ..Yes. People do on this site daily. I think Topstep proves that it is possible.
I am not calling Ed a fraud as a trader, can he trade...I think that the answer is Yes, but really we should ask how well does he really trade, and how. He needs to show his live charts and sim at all times in the room, and actually trade either live or sim, while the people who signed up for him to actually look over his shoulder day in and day out. He should not come in the room and say I got my target today, someone take the mic during market times, no one pays to see a newbie trade.

Trading is about pre market prep, determining your areas based on yesterday, and last nights action...if a scalper.
Trading a method that stays within you proper account management. Stick to stop losses, daily target and loss limits. Do not over trade your mental and skill level. As Ed does say....do your acid test prior to risking any real $$. His approach is good, and I have learned from that aspect. But when I pay for a trainer, I want to see everything they have in the written marketing be the foundation to what is taught. Again, look over my shoulder, is a great marketing tool, but if it is not respected then is worthless to a new trader. Traders need to see results that become repeatable results, not excuses. Traders mainly seem to learn by watching repeat behavior that becomes learned behavior. If a trainer does not show that, then how can a new trader trust what they are being taught? I think that is the great disconnect in the trading industry. We need to make people who we give our money to do as they say, and make them accountable. Trading is an acquired skill, I think the Turtles proved that. Traders need the desire and skill to control their trading emotions, trade a system that has a positive expectancy and trade within their accounts risk reward…then and only then will a trader become profitable.

With that I will try to let others take this discussion on or let it go.



coolriverjoe View Post
tradermark2009,

Fair enough and point understood. Do you believe there is a way to successfully trade?


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  #34 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
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May be the water or lack thereof?


scalpingticks View Post
No bait to take I just found it odd that all 3 people with problems are all West coast.


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  #35 (permalink)
 pvlee 
Hertfordshire England
 
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I came across Ed's site earlier this year and was impressed by the performance figures posted after his trading each day. I joined as a guest for a few days hoping to work out how he traded. Ed came across as very experienced and very professional. I enjoyed sitting in for a few days but did not take up his offer for membership because I could not reconcile the success rate on his account performance with what I saw on the screen. I would say he had success with around 40%-50% of his trades on mic over the few days I sat in. His off-mic trades were more successful and end of day account performance was impressive.

This is just a personal opinion, but if I could post Ed's figures at the end of the trading day, I would not bother with all the tedium of running a trading room/club to make more money. I'd just trade more contracts

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  #36 (permalink)
 opentrdr 
Phoenix, AZ
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, ES
 
Posts: 15 since Oct 2014
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I want to begin by stating that I joined Big Mike's Trading Forum solely for the reason to communicate my thoughts regarding the Jaguar Trading Club. I did not know nor have/had any business relationship with Ed prior to joining the club. I am not a vendor. I am not here to promote anything. I trade full-time as a private futures trader. My only reason for taking the time to process my thoughts and share them publicly is for others to have this information to make an informed decision.

As a member of the Jaguar Trading Club, I want to share my personal experience. I was interested in Ed’s blog/trading room for three reasons. First, his posted blog trades are very inspiring. Second, I liked the idea of being able to “watch over Ed’s shoulder as he entered the live market” (as stated on his blog). Lastly, I thought the idea of being on the MIC with other traders watching my trading and getting immediate feedback from Ed would help with my results.

The posted blog trades are amazing. Ed told me this is the primary reason traders decide to join the club. I thought if I could extract just a fraction of what he was doing with almost no heat in any trades, I would be on my way to being a profitable trader. He states (by way of his course outline) that most traders should be able to get to the acid test stage within 4 months and then pass the course after an additional 3 months. I have heard experienced traders mention it takes over 10,000 hours to finally get past breakeven trading.

Ed has an impressive blog record of trading. The consistency alone suggests that market conditions do not change, there is very little adaptation required (both on an intraday as well as on a weekly/monthly/yearly basis), slippage is almost never an issue and that Ed’s mindset is always at or near perfection every day.

Ed stated that there is only one student who has successfully passed his course, gone to a cash account and is now producing profits. Ed’s blog/room has been open for about 6 years and he states that he is able to bring in about 2 new clients per month. Ed’s student failure rate is actually higher than the industry failure rate.

After a few months in the course and following the exact course outline, I could not reproduce Ed’s results (live SIM trading as well as going back and looking at bar by bar over almost a year). I thought maybe I would learn by watching “over his shoulder as he trades the live market”. Surely I was missing something. As anyone who has been in the room will honestly admit, Ed is not able to produce results that are correlated with his posted blog trades. I have consistently been in the room for over a year and have witnessed a win ratio of approximately 48% - basically a coin toss. Why are Ed’s trades that he posts on his blog, with a win ratio that is often 90% or greater (sometimes 100% day after day) so much different than when he trades live? His site clearly states that all trades are paper trades. How can a trader with no emotions tied to a simulated trade lose so consistently when trading the live market? I watched as others traded his setups and they failed (the setup and the trader) at a very high rate. Something did not add up.

Ed will often complain that he is tired or something else and get a member to take the MIC and display their own screens. I will explain how this goes down in my next segment. I have witnessed on numerous occasions when Ed would take a few trades, lose on all of them and then put someone else “on the stage". Later, Ed would comment how he had made all of his losses back never once saying “I am initiating a trade at this price, at this time and this is the reason”. It is always after the fact and never explained. I did not join the club for someone to call out trades but to learn from an experienced, seasoned trader. I have always thought that you learn the most when another trader is losing, not the other way around. Ed also allows other traders to comment in the room when they have taken trades. These trades are always based on stale prices that are constantly “in the green” and have already made their move. It is beyond silly and will only encourage newbie traders to act on impulses and generates no educational value.

Ed also has a strategy where he will lose on live trades, close the room because he is tired or say something like “there is no endless winning” and then post to his blog new profitable trades that he took after closing the room. Does Ed think everyone in the room is a fool? I take my trading seriously. This is not a hobby for me. There have also been a few occurrences when Ed has taken live losing trades and they somehow never are reported on his blog.

I thought by taking the MIC some of my mistakes would be exposed and Ed would provide helpful teaching that would enable me to become a better trader. This is not how Ed teaches. I quickly learned that Ed likes to put traders “on the stage” to belittle them. He often laughs at them and if they make a profitable trade it seems to puzzle Ed. If he knows they’re really struggling, he freely admits to taking the opposite side of a trade as the one being taken by the student/member. Ed states that he often does this. If that is true, how can he provide guidance to help someone who is not doing well if he is monitoring his own trading? It is the same thing day after day in the Jaguar Trading Club.

Others have commented on Ed and his teaching style. I do think there is some information that is good. There is also some really dangerous information that will get a lot of traders in trouble. Trading an inverted risk/reward for 4 ticks with questionable setups is very difficult. All in all, I think it is a wash. My recommendation is to read all of the posts here and if you’re still not convinced, trial the room. If Ed continues doing what he has done for years, you will enter the room each morning and all of his trading will have already occurred and he will be massively profitable. Unfortunately, members never get to see how he achieves these un-human like results. Do not expect something different than what is presented day in and day out in the room if you join and pay the exorbitant $3,500 fee. The information that Ed preaches is readily available on the internet. Learn basic support and resistance, very basic trade management and very basic price structure and you’ll save yourself time and some money.

A member here at BM challenged Ed to trade profitably for a week. If Ed could do that, he was willing to donate $100 to a charity of Ed’s choice. I will take the challenge one step further. Since Ed is a vendor and has posted blog trades that are exceptionally gifted this should be a slam dunk. I will give $500 to a charity of his choice if Ed can trade profitably (live for everyone to see) for 3 days. My conditions are as follows: I want to see the same size that he is currently leveraging, no leverage above where he is currently trading, maintain at least a 70% win ratio (his expectations for any member to pass the course) and an average ticks per day of 250. There is very little downside risk to Ed if the challenge is accepted and his blog claims are authentic. He will gain numerous new members and he will shut up all of us that have chosen to expose the truth. If Ed is unsuccessful, I want a full refund and I will still give $500 to a charity of my choice.

I hoped my $3,500 investment would someday produce results. Since I do not anticipate Ed taking me up on my offer and failing, I don’t expect a refund. I have been in the room this entire week and the negative publicity has brought in new traders. I have a few suggestions for Ed to make the room productive:

1. Open up the room when you begin trading each morning and show ALL your trades. Club members deserve transparency.
2. Please state whether your trades are SIM or cash. You imply they’re all cash. Your site says they’re all paper trades. Which is it? I think regulators would like to know.
3. Treat paying members will some level of respect. We paid you for your time and help.
4. Stop saying you did this or that when other members are trading. No one cares about your record. Members who have joined the club are trying to learn and help each other.
5. Monitor your room and stop other traders from calling out stale trades that have already occurred. It is really lame and childish.

If Ed cannot run a room with some level of competence and professionalism then maybe it is time for him to admit what is really going on, return everyone’s money and trade privately.

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  #37 (permalink)
TurismoTek
London/UK
 
 
Posts: 78 since Sep 2014
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[To the post above me]

It's simple y'all.

Trading is competitive.
Trading is a game.

Competitive games require skill.

Skill comes from deliberate practice and experience.

Practice and experience requires persistence, passion, curiosity.

Persistence, passion and curiosity require a passion for trading, competitive games and challenges.


Trading is not a mathematical "problem" with a "solution". So stop searching for the "answer".

Anyone who wants to spend $3500 on learning to trade, is just passing on the responsibility of being "skilled" to somebody else.

Trading is for those who WANT control, who LIKE making decisions and who TRUST their own ideas;

Read Market Wizards, Read New Market Wizards, Read Electronic Day Trader Secrets (just interviews)

these amazing traders are...

[1] Very passionate about trading
[2] Very hard working
[3] Trust themselves and their own thoughts
[4] Take responsibility and accountability for their actions.... and WANT to!

If you are considering spending $3500 for somebody else to take responsibility for your trading, save the $3500 and place it into a mutual fund. Or buy a load of put options on GC.

This is basic stuff I'm talking here, I'm no expert.

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  #38 (permalink)
 fourtiwinks 
Singapore
 
Experience: Beginner
 
Posts: 206 since Jun 2011
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Thanks to all who have provided a candid review about Ed's trading room.

@Jaguar52 really needs to solve all the unhappiness in his trading room, since it seems that he has been misleading his traders.

Ed had previously provided good insights in a different thread on trading and psychology, so it came as a huge shock that he is a poor trader himself.

If Ed cannot resolve this, @Big Mike should step in and consider banning this vendor.

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  #39 (permalink)
 pvlee 
Hertfordshire England
 
Experience: Intermediate
Platform: NT
Trading: DAX
 
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Ed could resolve all this by publishing, to his members, a redacted brokerage account statement for the disputed days.

But that's not going to happen. Is it?

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  #40 (permalink)
 tellytub 
london uk
 
Experience: Beginner
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Jaguar52 View Post
... If you start out being brain lazy and do not do a significant amount of personal due diligence about this business then you will have a long, hard, difficult, and costly time of it.

Thanks to all the people that have opened up and told the truth here in BM, I guess I've made up my mind.

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  #41 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

@fourtiwinks, sorry to give you the real news about Ed. Most of the people who paid for Ed didn' t want a gold paved road, but only that he held up his part; to trade live or sim and tell us. The key is trading in the room so we could fully understand and see how a trader who trades at 80% plus, handles the changing market day to day.

We all knew it was our job to develop the system that fit each of us, but also practice the 10K hours needed, and measure that practice. The main draw was the "Look over my shoulder", literally never happened on an consistant basis for whatever the many reasons described above in other posts. So with that said I leave everyone with this:

The wizard of OZ, unmasked




fourtiwinks View Post
Thanks to all who have provided a candid review about Ed's trading room.

@Jaguar52 really needs to solve all the unhappiness in his trading room, since it seems that he has been misleading his traders.

Ed had previously provided good insights in a different thread on trading and psychology, so it came as a huge shock that he is a poor trader himself.

If Ed cannot resolve this, @Big Mike should step in and consider banning this vendor.


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  #42 (permalink)
 Cristian 
Bucharest - Romania
 
Experience: None
Platform: NT, SC, MC, MW
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Trading: ES
 
Posts: 40 since May 2011
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I just wonder, why all these guys complying about what's happening in Ed's room didn't took the trial: 50 bucks for one month and see what's all about in the room ?
I assume this trial was not available at the time they subscribed, or as a character in "American Hustler" said : " Everyone believes what he wants to believe ".
I, myself, was ready to subscribe to his mentoring but at his advice (I have to admit this) I took the trial for 50$ and decided I don't like what I saw so after 2 weeks I ceased returning to the room.

Anyway, let me give you a hint about all these paid trials many of you may not know :
Paying for trials is a hook because if you then make another payment (for bigger, much bigger, amount in many cases) you will not receive a refund from your credit card company upon your request without the payment receiver approval. The credit card company will inform the supplier about the refund request and the supplier will make known you made past payments to him for same purpose and since you know what you will receive for your money your complain is false.

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  #43 (permalink)
 sleip 
Karlsruhe, Germany
 
Experience: Advanced
Platform: Ninja
Broker: n/a with Rithmic
Trading: fdax, TF, CL, GC, YM
 
Posts: 85 since Jul 2014
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i took a few trials at ED`s room. A trial doesnt even cost 50 Dollars. You can take free trials every second week and so you can see what is going on in the room.

ED is a friendly person who talks a lot about charts, patters, why he trades like he does etc. He is nobody who tries to sell agressive his system, he will quite want you to take your time to decide if it is the right thing for you.

I think i will never unterstand his style of trading. The patterns seems to be clear but i think i can trade 2 cars with a a target of 4 Ticks taking a stop at 8 Ticks. There seem to be no clear rules when to take a full stop loss or when to get out earlier. This is just what i saw, i may be wrong.

Also i saw some days, as he traded (live oder sim??) and had 2-4 losses in a row. Ed then stops trading and says he already made his money earlier in the morning and closes then the room. I never saw these losses in the statements he post in his blog. And this is what makes me say: no, i have no confidence with Ed and no, i can not pay to someone who is not 100% honest.

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  #44 (permalink)
 pvlee 
Hertfordshire England
 
Experience: Intermediate
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Trading: DAX
 
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Cristian View Post
I just wonder, why all these guys complying about what's happening in Ed's room didn't took the trial: 50 bucks for one month and see what's all about in the room ?
I assume this trial was not available at the time they subscribed, or as a character in "American Hustler" said : " Everyone believes what he wants to believe ".
I, myself, was ready to subscribe to his mentoring but at his advice (I have to admit this) I took the trial for 50$ and decided I don't like what I saw so after 2 weeks I ceased returning to the room.

Anyway, let me give you a hint about all these paid trials many of you may not know :
Paying for trials is a hook because if you then make another payment (for bigger, much bigger, amount in many cases) you will not receive a refund from your credit card company upon your request without the payment receiver approval. The credit card company will inform the supplier about the refund request and the supplier will make known you made past payments to him for same purpose and since you know what you will receive for your money your complain is false.

Agree with all this but the implication from some current club member's posts is that the performance figures, posted daily on the web site, are bogus

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  #45 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
Platform: Sierra Charts and NT7
Broker: AMP/CQG
Trading: Mini's and CL
 
Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

@Cristian, to answer a few questions:
Some of the ones that have commented on here that are members in Ed’s room. Ed just started the $50 this last year. Most of us have been in his room much longer than that.
He would open 1 day a month for guests, basically so no one could really get a handle on what he was doing. Most of his business came from newly signup that recommend friends, family, etc.
Now, it looks like Dean Handley is helping. I know someone who emailed Handley about Ed bogus logs and Dean did nothing. I think he wanted to talk to that person, but he had the doctored logs and still did nothing. He kept Ed on the recommend list. So I wonder what skin he has in Ed’s game?

Everyone believes what he wants...well true, but when you read on futures.io (formerly BMT) that NO ONE has any negative comments (for over 3 plus years) about Ed and you see the daily logs, making about 1000-6k a day you would think that they could in fact be true. Ed was on futures.io (formerly BMT) from near the start, so one could assume there was some truth to the logs. Considering how futures.io (formerly BMT) traders rip trainers apart, when they find someone out right lying.

Here is the link from the mini seminar: Ken Anniversary in the club - TraderEd's library

Notice, how Ed sighs, when he reads a stupid question according to him, he does that when someone takes the mic, when he watches a person trade. You never fully saw 100% how he trades (remember look over my shoulder), it was like he was always holding something back. Like he was the smartest kid in the room, and he played the game to make that happen.
I found this suspicious when he would only take about 2-5 trades the in the room and make someone else take the mic. (You see his daily log with at time 30 to 50 trades after the room is closed).
Concerning the mic, he said the pressure of others seeing make you a better trader. The problem is he would sit there and pick apart people, sigh, say I took the trade against your entry. Now, how is that for positive reinforcement?
Now on his site he states that he will not be showing his daily logs. If no other proof then that shows he is faking some or part or all his logs I have no idea what does. If it was me, I sure would want to prove that my logs are legit, so brokers statements would be the only way here on out since he cannot be trusted.

As someone stated above, we should ask for our money back, since we based our signing up on his logs, that he could trade and make serious money, but in fact that is not the case. I think we need to rise up and fight this.

Does anyone have any idea where do you start to what federal agency that has any jurisdiction over what Ed is doing? If anything a class action suit, but the lawyers make all the bank on that one.



Cristian View Post
I just wonder, why all these guys complying about what's happening in Ed's room didn't took the trial: 50 bucks for one month and see what's all about in the room ?
I assume this trial was not available at the time they subscribed, or as a character in "American Hustler" said : " Everyone believes what he wants to believe ".
I, myself, was ready to subscribe to his mentoring but at his advice (I have to admit this) I took the trial for 50$ and decided I don't like what I saw so after 2 weeks I ceased returning to the room.

Anyway, let me give you a hint about all these paid trials many of you may not know :
Paying for trials is a hook because if you then make another payment (for bigger, much bigger, amount in many cases) you will not receive a refund from your credit card company upon your request without the payment receiver approval. The credit card company will inform the supplier about the refund request and the supplier will make known you made past payments to him for same purpose and since you know what you will receive for your money your complain is false.


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  #46 (permalink)
 Cristian 
Bucharest - Romania
 
Experience: None
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Broker: NinjaBrokerage
Trading: ES
 
Posts: 40 since May 2011
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@tradermark2009
Sorry to continue this but if I was any of you I would take the mike in Ed's room and state my concerns there in front of his new prospects and old fellows:
1. Dear Ed I did not paid 3k usd to see these new guys trading, I did pay this to see YOU but you show me nothing these years.
2. Because of "this" and "this" I belive your posted trades log is false and you can't come here in front of all of us , day after day, to tell us you finished your trading day and not be able to prove these trades logs but only mess with us who paid you to teach us.

If he bans you from the room for these would be the ultimate prove he is a fraud.
If not and nothing happens maybe next day another guy will repeat these statements in front of the whole room.

And about Dean Handley I have also some concerns he is a some kind of fraud and this because he was for a month in a trading room I was too and the way how he treated the owner of this room(a very open and honest guy) was not how I expected to be treated a trader with very good results (including that month Dean was there) and also providing near 2 years of trading logs and possibility to contact any of the traders in the room.

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  #47 (permalink)
 pvlee 
Hertfordshire England
 
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Trading: DAX
 
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Cristian View Post
@tradermark2009
Sorry to continue this but if I was any of you I would take the mike in Ed's room and state my concerns there in front of his new prospects and old fellows:
1. Dear Ed I did not paid 3k usd to see these new guys trading, I did pay this to see YOU but you show me nothing these years.
2. Because of "this" and "this" I belive your posted trades log is false and you can't come here in front of all of us , day after day, to tell us you finished your trading day and not be able to prove these trades logs but only mess with us who paid you to teach us.

If he bans you from the room for these would be the ultimate prove he is a fraud.
If not and nothing happens maybe next day another guy will repeat these statements in front of the whole room.

And about Dean Handley I have also some concerns he is a some kind of fraud and this because he was for a month in a trading room I was too and the way how he treated the owner of this room(a very open and honest guy) was not how I expected to be treated a trader with very good results (including that month Dean was there) and also providing near 2 years of trading logs and possibility to contact any of the traders in the room.

I think this sorry tale tells you that if a trading coach is not willing to show you brokerage statements, then he is probably trying to hide something. Any trading coach wanting large sums up front should be treated with caution

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  #48 (permalink)
TurismoTek
London/UK
 
 
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TurismoTek View Post

If you are considering spending $3500 for somebody else to take responsibility for your trading, save the $3500 and place it into buying a load of put options on GC.

This is basic stuff I'm talking here, I'm no expert.


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  #49 (permalink)
 opentrdr 
Phoenix, AZ
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, ES
 
Posts: 15 since Oct 2014
Thanks: 78 given, 34 received

Ed, who runs the Jaguar Trading Club, recorded a presentation on October 24th. I attended the live presentation. Towards the end of the presentation, Ed stated he would no longer be taking any new clients. Within a few minutes, Ed had changed his mind and was already making an exception for a new client. Ed’s boldness tells me one thing; he has convinced himself that his trades are real and that he will not stop marketing his “services”. My only motivation for posting to this thread is to publicly come forward and share more information.

I visited his blog yesterday and noticed he has stopped posting pictures of his trades and now has a link to view the trades. Why he has stopped posting trades on his blog is anyone’s guess. I clicked the link and looked at the last picture of the day (OCT 31st). First, the 6E trades #4 & 5 are in a sequence in which Ed has decided to “average against” a position by 5 ticks (trade #4) and 7 ticks (trade #5). I will leave it to the reader of this thread to decide if that is a smart thing to do. I then decided to look at the ES trades. At first glance, the trades are “possible” if you look at a chart. I then decided to drill a little deeper and look at the trades with replay data:

1) The trades I am referring to are numbered 12 & 13 and trades 14 & 15 and are highlighted in the first attached picture (entries only)
2) Trade #12 for 4 lots at 2010.75 at 6:05:24 and the second 4 lot entry (trade #13) at 2010.75 at 6:05:26 never printed (there are no T&S prints corresponding to these trades)
3) Trades 14 & 15 at 2011.75 at 6:07:03 never printed (there are no T&S prints corresponding to these trades)
4) At the time of these trades, assuming Ed was trading cash as he claims (or even if he was trading SIM), it was impossible to get filled at the price as posted

I did not look at the exits. I picked these two sequences of trades randomly. I made a few assumptions:

1) The replay data is accurate and is based on unfiltered data - I did verify the data is unfiltered
2) If Ed’s computer time was incorrect on this particular date, I allowed +/- 15 seconds for his trades to print
3) I assume that Ed’s computer clock is correct because I have seen firsthand numerous times where a client has pointed out a price bar and Ed’s charts were directly in sync with mine to the second – my computer time is set to MIT’s nuclear time
4) If Ed is trading SIM, then I allowed for NinjaTrader’s algorithm to fill at the offer (selling) - for his short position to be executed
5) If Ed is trading cash, I also allowed for excellent queue positioning and his fills occurring at the offer - for his short position to be executed
6) Since Ed has the “Group trades by ATM strategy” checked and enabled I was looking for prints that were any multiple of 4 lots - e.g. 4 (1 lot) prints, a 1 lot and a 3 lot, (1) 4 lot print etc.
7) My T&S is unfiltered (The size filter is zero) - I get all the prints that replay gives me (1 lot or a 50 lot - I see them all)
8) I assume that Ed does not have access to “dark pools of liquidity” where the CME is broadcasting more than one set of prices – I am making no inference. I have no idea if anything like that could, or is happening. I assume that the price that is quoted by the CME is accurate and is delivered to anyone/everyone who has access to live market data and no one is getting or paying for “better data”
9) I assume Ed is utilizing a broadband connection

I am not a “finance forensic specialist”. I am looking at things with an open mind and allowing for a variety of conditions that actually favor Ed. I realize my findings are from a tiny sample size. Maybe someone who is considering wasting $3,500 will do some additional work before committing capital to Ed’s “services”. I would be very interested in the results. If I cannot see any prints at the price and time that is on Ed’s summary of trades, how was he able execute the trades? Something does not add up. I have posted pictures of Ed’s trades as well as pictures of the T&S. The first T&S picture relates to trades 12 & 13. The 2nd and third picture relates to trades 14 & 15.

I challenged Ed to trade profitably for 3 days. I have heard nothing from Ed regarding this challenge. Ed continues to open the room up AFTER he has finished his trading. This omission of transparency is so glaring and raises so many red flags it’s almost comedic.

I hope the debate continues regarding the validity of Ed’s results (good or bad). I appreciate everyone’s contribution to the thread when on topic. Questioning why a current or former client signed up for Ed’s “service” is irrelevant to the thread and most traders who have any level of experience know that reading several books and “working really hard” does not always (or ever) make a person a profitable trader. If that were the case, a lot of us who are smart, well read and hard working would all be extracting 500 ticks daily.

If Ed wants to show an audited broker statement outlining any of the last year’s trades, I welcome the opportunity to view them.

Hopefully Ed finally is able to muster the courage to admit what he has been doing and refund the money for clients that entrusted him for his assistance.

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  #50 (permalink)
 matevisky 
Budapest, Hungary
 
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opentrdr View Post
1) The trades I am referring to are numbered 12 & 13 and trades 14 & 15 and are highlighted in the first attached picture (entries only)
2) Trade #12 for 4 lots at 2010.75 at 6:05:24 and the second 4 lot entry (trade #13) at 2010.75 at 6:05:26 never printed (there are no T&S prints corresponding to these trades)
3) Trades 14 & 15 at 2011.75 at 6:07:03 never printed (there are no T&S prints corresponding to these trades)
4) At the time of these trades, assuming Ed was trading cash as he claims (or even if he was trading SIM), it was impossible to get filled at the price as posted

I was not in Ed's room. I just like the guy, I have seen a lots of video from him, during his mentoring, I have read his blog, about the S/L zones, because it was interesting. I was planing to learn from him, but not right now maybe later. I do believe he is doing a good stuff, but that is my view and forcuneatly we are not here to share the same view every time.
But, BUT, and maybe I am not right, but really! I dont see any problem with this 2 trades what you have been posting AT ALL! It is totally aligned with his methadology, these are an easy to take trades, he he got the worst fill ever what he could get at trade #12, #13. Maybe I am not right, than correct me, but if I am right, than please post a sorry or correction about your post!
Based on my understanding what he is doing (once again. I have no connection with him, simply I was checking videos from his screencast and youtube library). He is playing S/L zones. He is ready to go trade with 2:1 R:R. Meaning his SL could be 12 tick (I've put it to 8 tick) to get profit after 6 tick. If u would be in the room you would happy to take these kind of trade, easy to fill, easy to understand (oke oke, u have to take the heat as well)

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  #51 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
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@matevisky, Is totally understand where you are coming from, but most the ones posting in this thread have paid money to Ed to look over his shoulder, to watch him trade, to have an honest trainer, to be trained how he trades, that has never and I repeat NEVER happened.
1. If you see the time stamp on his trade....how many are taken at the time the room is open?, 2-4 maybe (after 20 plus trades again outside the room), yet no one see's ED trade. Please tell me why? This is his main thrust to training a new trader. Yet, this does not happen.
2. You can see by the logs that I have posted (in an earlier post) something is amiss with his post, why are they doctored? Only explanation is that he’s a liar. He has to cheat the trading world to spoof his numbers, if anyone has a shred of honesty, and ANY character this would not be questioned. I do not see this in your thread, but I see it with ED.
I implore anyone who gives this guy money is giving money to a trading blood sucker.

I am not the only one saying this, look at the others that have posted; they have stated the same thing. Again they have paid money to be treated like a fool, and now are speaking out. So now he is a liar and a cheat, what more must be proved? NOTHING.

If Ed was honest why would he go behind the scenes to get new targets? He has stopped posting on his open blog, he doesn't trade in the room, and he doesn't call out every trades targets, stop and entry. Do most people need this, no, but he states it in his front page. Tell me why lie, only reason is because he has too. If he wanted to prove that we are wrong, all he would have to do is show his brokerage statements, why would he say, he’s not taking anymore new people?, why would he change his course of business, because he cannot refute what we are saying.

If Ed was honest, which he isn’t? He would have to trade with a video real time, showing all his trading, while doing an acid test. He would have to post a brokerage statement for me to believe anything that is posted after the so called fact. If fact I would only believe Big Mike to review his trades to call them correctly.

Ed has traded capital of others, and as far as I know he has never made money doing so. I would like to see proof that I am wrong, but again only brokerage statements, from the person who's $$ was traded.

So, if anyone would give this so-called after the fact trade money, then you deserves to take it as a 100% lost and not complain about it you have been forewarned.

What’s my issue here, well its simple, I am tired of trainers outright lying, and deceiving people to make the money he has. These people make money 3K in my case, they when you get their so-called system, it’s some videos, pictures, and come into the room and we’ll trade, well, that watching over my should never happened, he wanted to watch over my should, and get mad when I didn’t take the right trades, after the fact according to him. We never got to watch him trade as he states, look over my shoulder, see my entries, stop management, and targets. When Ed has 4-5 successful traders, and none are using his method as he teaches, why, because Ed cannot trade in front of his room. He has about 70-100 people who have given money. Shouldn’t a trader who knows how to trade, be able to have a better average then the trading industry’s failure rate. Ed’s rate is the same, no better. Again why is this the case, and this comes from his own page. He’s almost proud of this fact. Sad really.

If I'm wrong, someone show proof that this is not correct. Please save your 3K and find someone honest, who is transparent, who doesn’t have to lie. Good trading.



matevisky View Post
I was not in Ed's room. I just like the guy, I have seen a lots of video from him, during his mentoring, I have read his blog, about the S/L zones, because it was interesting. I was planing to learn from him, but not right now maybe later. I do believe he is doing a good stuff, but that is my view and forcuneatly we are not here to share the same view every time.
But, BUT, and maybe I am not right, but really! I dont see any problem with this 2 trades what you have been posting AT ALL! It is totally aligned with his methadology, these are an easy to take trades, he he got the worst fill ever what he could get at trade #12, #13. Maybe I am not right, than correct me, but if I am right, than please post a sorry or correction about your post!
Based on my understanding what he is doing (once again. I have no connection with him, simply I was checking videos from his screencast and youtube library). He is playing S/L zones. He is ready to go trade with 2:1 R:R. Meaning his SL could be 12 tick (I've put it to 8 tick) to get profit after 6 tick. If u would be in the room you would happy to take these kind of trade, easy to fill, easy to understand (oke oke, u have to take the heat as well)


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  #52 (permalink)
 matevisky 
Budapest, Hungary
 
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@tradermark2009 . Let me be clear. I am not defending Ed. He can defend himself, I am just simply saying the example what has been shown is totally legit for me. He was going short, and he grabed the win. I was checking only your logs, and pointed that out that seems fair for me.
All the other things what you are saying is not my right to decied.

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 pvlee 
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Having entered the trading room, I can understand why the members are disappointed and angry. The website posts amazing results but most of the winning trades are taken before or after the trade room is open. I was far from impressed by the trading I saw in the room and the fact that members are complaining of trades appearing and disappearing from the posted performance figures is making total sense to me.

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 ironman07 
Kansas City Mo.
 
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After seeing Jaguar on BM i decided to give it a trial. I paid for 1 month because any other form of evaluation is useless. i soon found that Ed was not actually trading but commenting on moves long gone. after a few days i asked if he could actually call trades ahead of time with targets and stops. He would do nothing but change the subject to act as if he was helping a club member. i even reminded him that i would need to see actual trades in real time and didnt care about his diversions but he would just run away. when I would ask why his blog reports didnt include all the losing trades he had discussed he suggested that his style wasnt for me. Your f%%cking right i insisted. I didnt ask for a refund and just figured it was a good learning experience as i didnt expect him to be able to replicate his results going in. In conclusion his system is just a bunch of ideas and fragments that are readibly available and he is the artful dodger throughout the trading day trying to pass his class off the the lost souls that have paid him $3000.

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 Dasani 
United States of America
 
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I noticed that he believes that price does not trend? So does this mean he doesn't trade pullbacks? In one of his webinars he mentions BT/CT and trend re-entry which sounds like he does trade trends.

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 tradermark2009 
Concord, CA
 
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He has in the past, have a setup using a 3 range bar on a 3TR that when price pulls back to the ATR and touches in and can go thru the the atr by 1 tick ia a trade entry. If price action is still bar over bar and you have room to a previous high or keltner channel high. Now he has changed it up since the beginning of the summer so I am not sure what he is pushing now. BTW, the entry chart has to be based on a trend of renko spectrum trend, and trend bias on 15, 30 minute charts. Using a 50 cci to see if divergence or trend is showing.


Dasani View Post
I noticed that he believes that price does not trend? So does this mean he doesn't trade pullbacks? In one of his webinars he mentions BT/CT and trend re-entry which sounds like he does trade trends.


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  #57 (permalink)
 tradermark2009 
Concord, CA
 
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Hi Paul, thanks for the heads up on that. If you see one of his charts at the top one does say sim. He sure doesn’t want to show the sim tag on his summary page. My issue is that newbie’s will interpret that as trading live. They also assume that he can trade sim that way that he could trade live the same. We both know neither one of those are correct. I know he is doing something, but no one will say anything in the thread who is in the room. That also is strange in itself. Going 71 and 2 in 1 day is GS status. Yet he is hidden in a blog, go figure.

https://www.screencast.com/users/TraderEd/folders/Snagit/media/ae1f248e-ffed-4508-ac54-feefd459a910

Using this link, see the market profile chart, and go to the right (7 pages which he shows he added as he went for the same day 11/06, then the last is where he finished. All I can say from having been a memberis for 4 years is this ?
I have a chart that he sent out in the summer and said these are my charts now, and the ones posted are only a fraction of what is shown. Maybe I will post it at a later date.

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  #58 (permalink)
 tradermark2009 
Concord, CA
 
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Hi @matevisky, if you traded the CL what would you use as an entry and HTF (higher time frame) charts. Since you like the TF, would you trade the CL the same?


tradermark2009 View Post
@matevisky, Is totally understand where you are coming from, but most the ones posting in this thread have paid money to Ed to look over his shoulder, to watch him trade, to have an honest trainer, to be trained how he trades, that has never and I repeat NEVER happened.
1. If you see the time stamp on his trade....how many are taken at the time the room is open?, 2-4 maybe (after 20 plus trades again outside the room), yet no one see's ED trade. Please tell me why? This is his main thrust to training a new trader. Yet, this does not happen.
2. You can see by the logs that I have posted (in an earlier post) something is amiss with his post, why are they doctored? Only explanation is that he’s a liar. He has to cheat the trading world to spoof his numbers, if anyone has a shred of honesty, and ANY character this would not be questioned. I do not see this in your thread, but I see it with ED.
I implore anyone who gives this guy money is giving money to a trading blood sucker.

I am not the only one saying this, look at the others that have posted; they have stated the same thing. Again they have paid money to be treated like a fool, and now are speaking out. So now he is a liar and a cheat, what more must be proved? NOTHING.

If Ed was honest why would he go behind the scenes to get new targets? He has stopped posting on his open blog, he doesn't trade in the room, and he doesn't call out every trades targets, stop and entry. Do most people need this, no, but he states it in his front page. Tell me why lie, only reason is because he has too. If he wanted to prove that we are wrong, all he would have to do is show his brokerage statements, why would he say, he’s not taking anymore new people?, why would he change his course of business, because he cannot refute what we are saying.

If Ed was honest, which he isn’t? He would have to trade with a video real time, showing all his trading, while doing an acid test. He would have to post a brokerage statement for me to believe anything that is posted after the so called fact. If fact I would only believe Big Mike to review his trades to call them correctly.

Ed has traded capital of others, and as far as I know he has never made money doing so. I would like to see proof that I am wrong, but again only brokerage statements, from the person who's $$ was traded.

So, if anyone would give this so-called after the fact trade money, then you deserves to take it as a 100% lost and not complain about it you have been forewarned.

What’s my issue here, well its simple, I am tired of trainers outright lying, and deceiving people to make the money he has. These people make money 3K in my case, they when you get their so-called system, it’s some videos, pictures, and come into the room and we’ll trade, well, that watching over my should never happened, he wanted to watch over my should, and get mad when I didn’t take the right trades, after the fact according to him. We never got to watch him trade as he states, look over my shoulder, see my entries, stop management, and targets. When Ed has 4-5 successful traders, and none are using his method as he teaches, why, because Ed cannot trade in front of his room. He has about 70-100 people who have given money. Shouldn’t a trader who knows how to trade, be able to have a better average then the trading industry’s failure rate. Ed’s rate is the same, no better. Again why is this the case, and this comes from his own page. He’s almost proud of this fact. Sad really.

If I'm wrong, someone show proof that this is not correct. Please save your 3K and find someone honest, who is transparent, who doesn’t have to lie. Good trading.


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  #59 (permalink)
 matevisky 
Budapest, Hungary
 
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tradermark2009 View Post
Hi @matevisky, if you traded the CL what would you use as an entry and HTF (higher time frame) charts. Since you like the TF, would you trade the CL the same?

Maybe this is not the best place to discuess my view on this. Here is 2 simple idea. None of them has been tested or validated, just selected randomly:



As always:
- You need good place to look for trade
- You need good price action to take trade
- And you need good understanding what is happening on the market

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  #60 (permalink)
 pvlee 
Hertfordshire England
 
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tradermark2009 View Post
Hi Paul, thanks for the heads up on that. If you see one of his charts at the top one does say sim. He sure doesn’t want to show the sim tag on his summary page. My issue is that newbie’s will interpret that as trading live. They also assume that he can trade sim that way that he could trade live the same. We both know neither one of those are correct. I know he is doing something, but no one will say anything in the thread who is in the room. That also is strange in itself. Going 71 and 2 in 1 day is GS status. Yet he is hidden in a blog, go figure.

11.06.2014-07.42.50 - TraderEd's library

Using this link, see the market profile chart, and go to the right (7 pages which he shows he added as he went for the same day 11/06, then the last is where he finished. All I can say from having been a memberis for 4 years is this ?
I have a chart that he sent out in the summer and said these are my charts now, and the ones posted are only a fraction of what is shown. Maybe I will post it at a later date.

Yeah, I think it was 71 and 2 for last week. This guy is the greatest trader on the planet right now... And every month this year. I doubt that GS would take the other side of his trades.. LOL

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 tradermark2009 
Concord, CA
 
Experience: Intermediate
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Hi @pvlee, thanks for the correction on the 71-2 for the week, you are correct, I miss typed. Still the times being traded are way out of the room time for the most past, so what good it that. Hey, look the worlds greatest sim trader is killing it. Which trades are lives?, what ones are being hidden, does the room even know? Who knows, I guess only Oz.


pvlee View Post
Yeah, I think it was 71 and 2 for last week. This guy is the greatest trader on the planet right now... And every month this year. I doubt that GS would take the other side of his trades.. LOL


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xylem
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Sounds like he should be banned.

Thanks for the reviews

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  #63 (permalink)
 pvlee 
Hertfordshire England
 
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I notice that Ed is offering a 50% discount on membership to his trading room. You can now pay $1750 to join. If you look at his blog he regularly makes $2000 a day.

Why would someone earning half a million dollars a year trading, offer a 50% discount to join his room and go through the same old daily routine.

Given the fact that I have only ever witnessed him trade at break even at best. I suggest Ed makes his living from membership fees and is not a consistent and profitable trader.

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 tellytub 
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pvlee View Post
I notice that Ed is offering a 50% discount on membership to his trading room. You can now pay $1750 to join. If you look at his blog he regularly makes $2000 a day.

Why would someone earning half a million dollars a year trading, offer a 50% discount to join his room and go through the same old daily routine.

Given the fact that I have only ever witnessed him trade at break even at best. I suggest Ed makes his living from membership fees and is not a consistent and profitable trader.

I too was thinking the same, makes tons of cash, and yet greedy for a further $1750. Seriously I don't know which is worse School of Trade or him!

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  #65 (permalink)
 arafg 
Los Angeles, CA
 
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pvlee View Post
I notice that Ed is offering a 50% discount on membership to his trading room. You can now pay $1750 to join. If you look at his blog he regularly makes $2000 a day.

Why would someone earning half a million dollars a year trading, offer a 50% discount to join his room and go through the same old daily routine.

Given the fact that I have only ever witnessed him trade at break even at best. I suggest Ed makes his living from membership fees and is not a consistent and profitable trader.

Pvlee,

As Ed’s post in the Jaquar Trading Club have gone from amazing to truly unbelievable, I felt compelled to update my experience since my original post. I am not even sure where to begin.

Right after this thread began Ed got upset and tried to get other members to rat out anyone posting here and then he said he and Big Mike went way back and he would get Big Mike to tell him who the posters were. I guess he does not want others expressing their experience and was planning to throw them out of the club. Then he stated he did not need this abuse and would stop taking new members. I had already awoken from my Kool-Aid induced state and realized (IMO) that Ed makes his money from memberships and not from trading, so I skyped several member that I had no doubt Ed would not stop taking new members. And guess what he is back offering memberships and with a 50% discount to boot.

But the reason I am updating my post is things have now just gotten to point of being ridiculous and I am going to do my best to bring the truth forward. I just wished someone had warned me before I threw my hard money away and joined. Ed posted a new video in his public area as shown here:

2014-12-10_0832 - arafg's library

This video is an insult to anyone that knows anything about trading. He told member he was trading live in that video which is clearly not the case. Here is a screenshot.

2014-12-10_0845 - arafg's library

You will notice he has 4 contracts on both his limit and stop loss order yet the DOM show only 1 contract. Also when he adjusts his target and stop loss the DOM does not adjust at all. In addition, the total profit / loss shown on the DOM starts at zero; so where are the trades he took early in the day as he shows in his log? Therefore this has to be replay or a different account. I could go on and on but the inconsistencies are too numerous to mention.
In addition to this he is now posting his trades which are so over the top they are just not even believable. Here is his post from 12 2 2014.

https://content.screencast.com/users/TraderEd/folders/Snagit/media/433fa14f-b2a6-4565-a1ba-743212d4d6eb/12.02.2014-10.44.png

500 ticks in a single day with one loss. His only loss was the trade he made on mic where his trades could be witness and all the other winning trade where done off mic with no witness.

And he is showing these type of days day in and out across all market conditions. In fact last week he self-proclaims he did over $20,000. Pvlee stated GS would not take the over side of his trade. I will up that and say GS would hire him in a second and pay him a $100 million dollars. I have never met, read about or even remotely heard of anyone that can trade like this. He could enter the International Trader’s Expo, beat Rob Hoffman and the other top trader’s butt and have 1000 of subscribers. Yet as Tradermark2009 stated, ”he is hidden in a blog” speaks volumes abut what is really going on here. And he is offering discounted memberships to boot. Just common sense tells you that if you can really trade like this wealthy individuals would pay a fortune for private tutoring or pay someone of this caliber to manage their money.

The whole thing is complete smoke and mirrors. Tuesday of last week one of his students gets on mic and then precedes to takes every trade as Ed tells him and ends down over 140 ticks on mic. Even though the student is trading exactly as Ed instructs him to do; for any trade that goes against him, Ed is in the background stating, “why did you take that”. And during this same time while the student is taking the trades exactly as Ed instructs him and is losing money somehow Ed is making money during the same time trading off mic.

I am going to address something that Tradermark2009 asked about and that is why more members do not call Ed out. Well some do ask questions, but you have to remember most of these members have been trying to trade profitable for years and they came here based on Ed’s blog thinking they finally found a mentor that can help them. And they paid this guy $3500, and I was one of the folks that drank the Kool-Aid and I am telling you the brainwashing is powerful. Ed is very convincing. And you feel like it is just you and you just need to work harder to get it. But eventually you come to realize there is nothing to get. Believe me I know personally is it hard to accept you could be that gullible. I skype with several other members. The members that come to realize this is a complete falsehood feel betrayed and leave the room not wanting anything else to do with Ed.

In talking to members one of the things they tell me is he post his trades right afterwards so how could he fake it. I tell them it is easy to fake if one wants to and then post amazing summaries and they are like; how did you do that.

Here are my live trades from yesterday and I even include commissions:

2014-12-10_0902 - arafg's library

So Today I will post my live amazing trades and then I will give you my final thoughts about the Jaquar Club and Edwin Abreu. Here are my 1st two trades. Already Up 28 ticks on the day.

2014-12-10_0920 - arafg's library

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  #66 (permalink)
 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL ES
 
Posts: 21 since Feb 2013

100% win rate up 420 ticks

2014-12-10_0947 - arafg's library

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  #67 (permalink)
 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 21 since Feb 2013

I am a Trading God up 630 ticks. This is so easy

2014-12-10_0954 - arafg's library

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 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL ES
 
Posts: 21 since Feb 2013

Someone just sent me this. It is not mine, but too funny not to pass on. Up 56M Ed style were his words

2014-12-10_0959 - arafg's library

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 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 21 since Feb 2013

I now feel like a slacker only up 855 Ticks

2014-12-10_1001 - arafg's library

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  #70 (permalink)
 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL ES
 
Posts: 21 since Feb 2013

100% win rate just 5 ticks shy of 100 ticks

2014-12-10_1003 - arafg's library

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 arafg 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL ES
 
Posts: 21 since Feb 2013

2014-12-10_1007 - arafg's library

Up over 120 ticks in less than 2 hours. I am ready to start my blog and charge $3500.

The bottom line is I can make this trade summary be anything I want it to be. I could continue and be up 500 ticks or 1000 ticks if I wanted to.

Final Comments:

My goal is not to teach you how to fake Ninja Trade Summaries, but the fact that if someone wanted to they can fake the summaries and make videos with replay data and claim they are trading live. You cannot take this stuff as gospel. I wish someone had warned me of this stuff before I joined.

If you believe Ed’s blog to be factual then at least watch and insist he trades in the live market; whether it be sim or live and get out a pencil and paper and track his results over a reasonable period of time (do not take what is written in the blog or his word on what he earned while on mic). You cannot fake live on the mic trading with witnesses. And you will see this self-proclaimed great trader doing 500 tick days little to no losses or heat will he not be able to trade on mic profitably.

And let me tell Ed who is making $1million a year trading is offering no one their money back, because if he did I would be the first in line.

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  #72 (permalink)
 opentrdr 
Phoenix, AZ
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, ES
 
Posts: 15 since Oct 2014
Thanks: 78 given, 34 received

ARAFG- you're actually up about 100 ticks. But, I get what you're saying. Ed is a fraud. Here is how he does it:
1) take a bunch of trades
2) if any trades are losers then those will be eliminated

They are eliminated on NinjaTrader by going to:
1) file/disconnect
2) file/connect
3) on the control center, go to the executions tab and delete any losing trades

I am now a trading God just like Ed!

I was told how to do this by another trader friend that knew Ed was doing something to create incredible results. It is also why Ed wants other members to take the mic and display their screens. If he would display all trades from start to finish and record it all, I would believe him. Any trader that has been trading for more than 6 months knows that IT IS IMPOSSIBLE to trade w/out losses. The video he put out was a complete joke. That is fantasy trading.

He is a fraud. Here is what I think is funny. Traders that buy his course and go into the live market with real cash are going to lose money. Some of that money is going to end up in my account.

Good Luck to anyone that gives this guy $1,750 or $3,500 or whatever amount.

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 opentrdr 
Phoenix, AZ
 
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Every member I have spoken with believes there is something going on. All of us (yes I bought his course and quickly learned that he is maybe 48% profitable trading his method) just want 2 things to happen:

1) a complete refund

2) an inquiry by the SEC or NFA or someone that puts an end to this guy stealing money from people

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 fourtiwinks 
Singapore
 
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arafg View Post
Pvlee,

As Ed’s post in the Jaquar Trading Club have gone from amazing to truly unbelievable, I felt compelled to update my experience since my original post. I am not even sure where to begin... I had already awoken from my Kool-Aid induced state and realized (IMO) that Ed makes his money from memberships and not from trading, so I skyped several member that I had no doubt Ed would not stop taking new members. And guess what he is back offering memberships and with a 50% discount to boot.

But the reason I am updating my post is things have now just gotten to point of being ridiculous and I am going to do my best to bring the truth forward. I just wished someone had warned me before I threw my hard money away and joined...

@arafg and @opentrdr,

Thanks very much for saving us from this fraud. Guess you all have to work together to report Ed to SEC or NFA since you guys would have some evidence against him.

I am deeply shocked that Ed could claim to get @Big Mike to reveal those who have posted on this thread. Hope that Big Mike can get into the bottom of this matter.

Maybe you guys can provide the information to Big Mike as well, since he's still recovering from an allergy and has many things on his plate too.. so he might not read your posts till much later..

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 opentrdr 
Phoenix, AZ
 
Experience: Intermediate
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Posts: 15 since Oct 2014
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This is what Ed said this morning-

I am a great trader

I am a great boxer (he is into karate)

I am a great swimmer

I am a great runner

That is the truth. He is an exact definition of someone with narcissistic personality disorder.

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 tellytub 
london uk
 
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To bad this Ed guy can't come here and reply to a few posts!

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 tradermark2009 
Concord, CA
 
Experience: Intermediate
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Broker: AMP/CQG
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Posts: 230 since Oct 2009
Thanks: 974 given, 274 received

Good Job Guys, great stuff, since I am no longer in the room, its nice to hear, and sad that he is his same old self. I like all the others feel the exact same way. I never gave it a thought on why he traded a outside the room and did $350-600 a day when I signed up. I was too busy being wrapped up in how he did it. Then doing the 1 on 1's, seeing him trade poorly when he did trade, then having him just chew people out. He called a lot of people lazy brains. Yet, no one could figure out how he actually traded. The ones who have made it out successful the few, took like me the little we did learn and learned to do it ourselves.
The funny thing is that I think Kenneth, taught Ed more than Ed taught Kenneth.

So we know now how he fakes his trades. Using various so-called strategies, and when one is a loser he goes to the next one (he has the option to use it or not when he posts). He will stay on that strategy until till its a loser. When a loser starts a new one, if it's a loser right away will not use that strategy template for his records. This actually came from a recent member, great job BTW. Opentrdr, I just saw your post on faking the trades, I didn't know that, good job, as well.

What we know, he does watch this thread and it bothers him. The key to remember about that is all he had to do, was show is live account, and state live or sim. He goes through great lengths to bully his room (remember how he is when a new trader takes the mic and gets killed, he shames them, constantly). He could never teach by example in the live room, just talk. He shows NT trades/summary records that are bogus with insane numbers.
Can someone tell why it would benefit him to pull his summary's off the blog and behind additional links, that one I do not get. Instead of proving he's not a fraud/liar he is doing the same....remember the Jim Jones saga from my religious and ethic studies, sounds the same. Blame, blame and more blame, and never show a shred of factual evidence.

On his new low price, is he offering any software with that? He has told others that he wasn’t going to offer the software with any new sign ups. Just seeing if that is the truth also? I know Kenneth codes and he may have taken over the duties in that area.

He has done a lot to get more newbies, as others have mentioned when he stated he was done with that. It's really a shame! What can be done, is go the NY DA and report his fraud, make him prove his numbers.
Not sure NFA will do anything since he is not a member.
Getting SEC to do something, well look a Maddoff. But, it doesn't mean it cannot be done. Need to look into the Nexgen situation, I think if I remember correctly he was sued and someone won a judgment against him, so it can be done.
I guess the key for me is that others do not throw money at him, like we have.

Concerning BM, this forum was started just for this purpose, and I am glad Mike controls it to his liking, IF he has a problem we would get an email, so no worries, there. As long as we are not flaming and/or speaking not based on firsthand knowledge, I am sure he is ok with it. Remember, we have actually seen what went on when we were in the room and nothing has changed today, same as it ever was. We saw that no one here on futures.io (formerly BMT) saw the same thing so nothing was said. Now our eyes are open, and I will not go quietly in the night (one of my favorite movies-Independence Day). This industry is full of liars, if one leaves that is for the better.



BTW, today, down -11 including commissions. Over traded, and didn't stay on point. Sorry, that my personal trading today on the CL.




fourtiwinks View Post
@arafg and @opentrdr,

Thanks very much for saving us from this fraud. Guess you all have to work together to report Ed to SEC or NFA since you guys would have some evidence against him.

I am deeply shocked that Ed could claim to get @Big Mike to reveal those who have posted on this thread. Hope that Big Mike can get into the bottom of this matter.

Maybe you guys can provide the information to Big Mike as well, since he's still recovering from an allergy and has many things on his plate too.. so he might not read your posts till much later..


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 tradermark2009 
Concord, CA
 
Experience: Intermediate
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Posts: 230 since Oct 2009
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Telly, he could always ask BM to open an AMA thread for him, that would be a great show.


tellytub View Post
To bad this Ed guy can't come here and reply to a few posts!


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  #79 (permalink)
 tellytub 
london uk
 
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Well he now has on the blog

https://www.screencast.com/t/OjvMTN58iFS
All trades posted are for education purposes.

when you click on the link it prompts for a password.

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 pvlee 
Hertfordshire England
 
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Posts: 92 since May 2011
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Now it's been shown how the account performance screen in ninjatrader can be faked, His whole facade seems to be crumbling. Members should be directed to this thread to see what has been exposed.

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  #81 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
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opentrdr View Post
This is what Ed said this morning-

I am a great trader

I am a great boxer (he is into karate)

I am a great swimmer

I am a great runner

That is the truth. He is an exact definition of someone with narcissistic personality disorder.

he could be a great painter

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 tellytub 
london uk
 
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cory View Post
he could be a great painter

even that can be faked

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  #83 (permalink)
 Tiger45 
San Diego, CA, USA
 
Experience: Intermediate
Platform: Sierra Chart
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Thanks: 203 given, 422 received

In my first post, I gave my opinion of my time spent in the Jaguar Club. My conclusion was that the course itself, being very non-traditional, was a big disappointment, but the bottom line was that I thought Ed was a good trader and had something to offer, although perhaps he was just a poor teacher. It was entirely my fault for not succeeding. Ed was always generous with his time, never saying he was too busy to do a one-on-one with me.

I really worked hard. I've attached my notes on the vids I watched, 20+ pages. Some vids I watched more than once. I did endless bar-by-bar analysis and market replays. I would print out Ed's trades and do replay on them, stopping where he entered and try to see what he was doing. Sometimes it was obvious, like a break out, but often it just didn't make any sense to me. I would ask him about it and he would just say I couldn't trade like him or see things the way he did because I didn't have the experience. A very believable response. I kept working.
After all, Ed was posting winning trade after winning trade in near real time. How could he possibly fake that? Well, as @arafg and @opentrdr pointed out, it's possible. I even did it myself. I was stunned how easy it was to create a winning trade list in real time from live sim.

All the red flags were there to be seen, but I ignored them. Many were pointed out by arafg, but there are many others.

  • The few trade setups he calls out in the room are not his. He did not develop the Tap & Go, the Golden Boy, or the Silver Boy. Those were done by someone else. His only 2 pattern setups are the 3BR (which he's posted himself on futures.io (formerly BMT)) and the Balance Trade (an infrequent time-based setup).
  • When you join, you're going to get a few cluttered PDF's showing indicators no longer used, and trade setups no longer talked about. It's very clear that these documents were produced years ago with no new additions. These are his trade setups. This is the "documentation" he occasionally references.
  • As pointed out numerous times, his on-mic results are no where close to the 90% or better results he posts. In fact, if you look back over his posts, most of his losers are made between the hours of 8am - 10:30am when he's usually on the mic.
  • Once in a trade, he gets "squirmy", for lack of a better description. He shows none of the confidence you would expect from someone with a 90% win rate, claiming to make in excess of $10K per week, every week (no losing days that I can remember in a year).
  • After a losing trade or two, he will try to get a student to take the mic, saying he doesn't want to give anything back (it's not endless winning). When asked why he doesn't switch to sim and keep trading (we all want to watch and learn), he says that he doesn't trade sim. It's a step backwards. Even though his web site clearly says that all his trades are sim, and today in the room he said he does trade cash and sim (first I ever heard that). Usually there will be more winning trades on his blog after he surrenders the mic, showing that he kept trading.

  • The course itself is designed to wear you down. You don't trade for a month. Just watch. You go through hundreds of hours of video, exceedingly redundant, and some just showing screen setups. You can see for yourself what to expect in the free video section of his web site. What you see there is all you're going to get, except hundreds of hours of it. If you think being a member is going to get you access to information that you can't get from his site for free, or get from a free trial subscription to his room, you're wrong. What you see in the room is all there is. He may say that Friday's are for students only, but there is nothing additional going on.
  • When you ask Ed for help, he tells you to do more BBB and replay. When you do and still don't get the results and ask for help, he tells you to do more BBB and replay. And so it goes. If you can't get to the magic 30 speed, you haven't followed the course outline.
  • When you do a BBB with Ed, he may sudenly say "go long now", or "go short now", or "add to the postion". His trade calls are nothing short of incredible. He holds runners and knows when to close them or hide behind a box. Almost like he's looking at the complete chart. BTW, he NEVER adds to a position in the room, and I have seen no indication of him adding to a winning position on his blog, although he will occasionally average down in a trade.

And of course the biggest red flag of them all, why would a guy who's over 60 years old with small children, who can make $20K per week in his pajamas, even WANT to waste his time running a room, let alone offer a discount?

Up until now, the little child in me wanted to believe that there was this hugely successful trader that was offering me his time and would stick with me as long as I didn't give up. I couldn't wrap my head around the idea that this was all an intentional, deliberate fraud, set up to do nothing but take my money. I really didn't want to believe that.

And after these new postings were brought to Ed's attention in the room, he didn't seem to understand what he was being accused of. A person named Hous bin Pharteen (love that!) pointed out that he was being accused of fraud, and that he could quickly dispel that notion by either showing his DOM when he traded, or posting an image of it on his blog. He staunchly refused to do that.

He claimed that he didn't want people ruining his trades. Regardless of the fact that he uses the chart trader feature with limit orders, and anyone in the room could see where his trade was going to be. And by posting a detailed list of his trades with time stamps, any malicious traders with computer skills could figure out his secrets. He's already posted all the real sensitive stuff. There is no reason not to post a picture of his DOM, with no active trades on it - EXCEPT HE CANNOT FILTER OUT THE P&L.

I was appalled that Ed refused to show his DOM. I still find it hard to believe. He won't even post an image of it along with his trade list.

So Ed, if you're reading this, here's what you can do. Show an image of your DOM along with your trade list. This is not devulging any new information or secrets. Also show the ATM Strategy and MAE columms in your trade list. This will prove to us nay-sayers that you are real. If you are real, I'll apologize in public and buy one of your paintings from your web site. You know, the web site where you say you TEACH day trading for a living.

Edwin Abreu - About the Artist

In the room today, after the accusations were made, Ed said he didn't have to prove anything to anyone. Maybe you, prospective student, should take Ed at his word.


Jaguar52 View Post
Actually, you are right. I don't have a system... I can offer this piece of counsel. Do not take anyone's word or advice about anything concerning this business, including mine, unless you have done your own research. If you start out being brain lazy and do not do a significant amount of personal due diligence about this business then you will have a long, hard, difficult, and costly time of it.

Time for a beer.

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  #84 (permalink)
 Tiger45 
San Diego, CA, USA
 
Experience: Intermediate
Platform: Sierra Chart
Trading: CL, ES
 
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Posts: 309 since Sep 2010
Thanks: 203 given, 422 received

BTW, Ed just locked down his website with new passwords and sent this email out to his students. Does this look like someone who is transparent and has nothing to hide? Remember, he makes over $2k per day before you even get up for breakfast. Except now you need a password to see it.

*************
From Ed's email:

"It has come to my attention that today's education session was posted in pieces and highly misrepresented as to what was said with a lot of what was not said... some really crazy gross distortions. Also a lot of gross distortions of the results of the snagit posts.

So, there are a lot of disgruntled traders in the club. So, I am going to try and make it easy for you who are not able to understand this approach. Here is the fix - go find some other way to trade.

It has and always was posted clearly what this was all about. Go read it (the club blog and the education blog) again more carefully. Stop wasting your energy on this (and dooming so many to travel down your rocky path over at BMF). Spend your energy on your search for what can work for you, because this approach obviously does not.

I am only going to let in those members who contact me via email and ask to return to remain in the club.

I am also changing all passwords for blog access, snagit and video libraries. If you want access, contact me via skype or email.

For all communication, I will need your full name, your email on record for the future, and the date you joined.

Thanks, Ed"

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 pvlee 
Hertfordshire England
 
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cory View Post
he could be a great painter

Ha, Ha.. His art work is worse than his trading

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 tradermark2009 
Concord, CA
 
Experience: Intermediate
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Posts: 230 since Oct 2009
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@Tiger45, great follow up. Your whole experience was the same as mine about 4 years ago. Sorry to see nothing has changed, and looks like it never will. If people read your posts and still pay, its on them. The so-called system charts I had where of Blue Wave indicators, when he was using BBT indicators. His setups were not even the same he was teaching. Some aspects were, but when someone pays you to take a class and the material is 3-5 years dated, what good is that. The only good is what you stated, just to wear you down. Thank you-Mark


Tiger45 View Post
In my first post, I gave my opinion of my time spent in the Jaguar Club. My conclusion was that the course itself, being very non-traditional, was a big disappointment, but the bottom line was that I thought Ed was a good trader and had something to offer, although perhaps he was just a poor teacher. It was entirely my fault for not succeeding. Ed was always generous with his time, never saying he was too busy to do a one-on-one with me.

I really worked hard. I've attached my notes on the vids I watched, 20+ pages. Some vids I watched more than once. I did endless bar-by-bar analysis and market replays. I would print out Ed's trades and do replay on them, stopping where he entered and try to see what he was doing. Sometimes it was obvious, like a break out, but often it just didn't make any sense to me. I would ask him about it and he would just say I couldn't trade like him or see things the way he did because I didn't have the experience. A very believable response. I kept working.
After all, Ed was posting winning trade after winning trade in near real time. How could he possibly fake that? Well, as @arafg and @opentrdr pointed out, it's possible. I even did it myself. I was stunned how easy it was to create a winning trade list in real time from live sim.

All the red flags were there to be seen, but I ignored them. Many were pointed out by arafg, but there are many others.

  • The few trade setups he calls out in the room are not his. He did not develop the Tap & Go, the Golden Boy, or the Silver Boy. Those were done by someone else. His only 2 pattern setups are the 3BR (which he's posted himself on futures.io (formerly BMT)) and the Balance Trade (an infrequent time-based setup).
  • When you join, you're going to get a few cluttered PDF's showing indicators no longer used, and trade setups no longer talked about. It's very clear that these documents were produced years ago with no new additions. These are his trade setups. This is the "documentation" he occasionally references.
  • As pointed out numerous times, his on-mic results are no where close to the 90% or better results he posts. In fact, if you look back over his posts, most of his losers are made between the hours of 8am - 10:30am when he's usually on the mic.
  • Once in a trade, he gets "squirmy", for lack of a better description. He shows none of the confidence you would expect from someone with a 90% win rate, claiming to make in excess of $10K per week, every week (no losing days that I can remember in a year).
  • After a losing trade or two, he will try to get a student to take the mic, saying he doesn't want to give anything back (it's not endless winning). When asked why he doesn't switch to sim and keep trading (we all want to watch and learn), he says that he doesn't trade sim. It's a step backwards. Even though his web site clearly says that all his trades are sim, and today in the room he said he does trade cash and sim (first I ever heard that). Usually there will be more winning trades on his blog after he surrenders the mic, showing that he kept trading.

  • The course itself is designed to wear you down. You don't trade for a month. Just watch. You go through hundreds of hours of video, exceedingly redundant, and some just showing screen setups. You can see for yourself what to expect in the free video section of his web site. What you see there is all you're going to get, except hundreds of hours of it. If you think being a member is going to get you access to information that you can't get from his site for free, or get from a free trial subscription to his room, you're wrong. What you see in the room is all there is. He may say that Friday's are for students only, but there is nothing additional going on.
  • When you ask Ed for help, he tells you to do more BBB and replay. When you do and still don't get the results and ask for help, he tells you to do more BBB and replay. And so it goes. If you can't get to the magic 30 speed, you haven't followed the course outline.
  • When you do a BBB with Ed, he may sudenly say "go long now", or "go short now", or "add to the postion". His trade calls are nothing short of incredible. He holds runners and knows when to close them or hide behind a box. Almost like he's looking at the complete chart. BTW, he NEVER adds to a position in the room, and I have seen no indication of him adding to a winning position on his blog, although he will occasionally average down in a trade.

And of course the biggest red flag of them all, why would a guy who's over 60 years old with small children, who can make $20K per week in his pajamas, even WANT to waste his time running a room, let alone offer a discount?

Up until now, the little child in me wanted to believe that there was this hugely successful trader that was offering me his time and would stick with me as long as I didn't give up. I couldn't wrap my head around the idea that this was all an intentional, deliberate fraud, set up to do nothing but take my money. I really didn't want to believe that.

And after these new postings were brought to Ed's attention in the room, he didn't seem to understand what he was being accused of. A person named Hous bin Pharteen (love that!) pointed out that he was being accused of fraud, and that he could quickly dispel that notion by either showing his DOM when he traded, or posting an image of it on his blog. He staunchly refused to do that.

He claimed that he didn't want people ruining his trades. Regardless of the fact that he uses the chart trader feature with limit orders, and anyone in the room could see where his trade was going to be. And by posting a detailed list of his trades with time stamps, any malicious traders with computer skills could figure out his secrets. He's already posted all the real sensitive stuff. There is no reason not to post a picture of his DOM, with no active trades on it - EXCEPT HE CANNOT FILTER OUT THE P&L.

I was appalled that Ed refused to show his DOM. I still find it hard to believe. He won't even post an image of it along with his trade list.

So Ed, if you're reading this, here's what you can do. Show an image of your DOM along with your trade list. This is not devulging any new information or secrets. Also show the ATM Strategy and MAE columms in your trade list. This will prove to us nay-sayers that you are real. If you are real, I'll apologize in public and buy one of your paintings from your web site. You know, the web site where you say you TEACH day trading for a living.

Edwin Abreu - About the Artist

In the room today, after the accusations were made, Ed said he didn't have to prove anything to anyone. Maybe you, prospective student, should take Ed at his word.



Time for a beer.


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  #87 (permalink)
 opentrdr 
Phoenix, AZ
 
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pvlee View Post
Ha, Ha.. His art work is worse than his trading

I second that! Artwork? I have seen better from a 2 year old.

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  #88 (permalink)
 opentrdr 
Phoenix, AZ
 
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Tiger45 View Post
BTW, Ed just locked down his website with new passwords and sent this email out to his students. Does this look like someone who is transparent and has nothing to hide? Remember, he makes over $2k per day before you even get up for breakfast. Except now you need a password to see it.

*************
From Ed's email:

"It has come to my attention that today's education session was posted in pieces and highly misrepresented as to what was said with a lot of what was not said... some really crazy gross distortions. Also a lot of gross distortions of the results of the snagit posts.

So, there are a lot of disgruntled traders in the club. So, I am going to try and make it easy for you who are not able to understand this approach. Here is the fix - go find some other way to trade.

It has and always was posted clearly what this was all about. Go read it (the club blog and the education blog) again more carefully. Stop wasting your energy on this (and dooming so many to travel down your rocky path over at BMF). Spend your energy on your search for what can work for you, because this approach obviously does not.

I am only going to let in those members who contact me via email and ask to return to remain in the club.

I am also changing all passwords for blog access, snagit and video libraries. If you want access, contact me via skype or email.

For all communication, I will need your full name, your email on record for the future, and the date you joined.

Thanks, Ed"

Thanks for the information. I also received that email. Ed "locks" down the blog to create mystery so new clients will think there is something of value there. As you stated, what is available on the blog is all you're going to get.

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  #89 (permalink)
 Big Mike 
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pvlee View Post
Now it's been shown how the account performance screen in ninjatrader can be faked, His whole facade seems to be crumbling. Members should be directed to this thread to see what has been exposed.

Personally, I am more interested in what @NinjaTrader will do given the negative feedback from his customers. I believe he is a NinjaTrader partner, perhaps someone can verify that to be true or not. Their decision will have a bigger impact on protecting consumers.

Mike

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  #90 (permalink)
 pvlee 
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Big Mike View Post
Personally, I am more interested in what @NinjaTrader will do given the negative feedback from his customers. I believe he is a NinjaTrader partner, perhaps someone can verify that to be true or not. Their decision will have a bigger impact on protecting consumers.

Mike

His broker must be disappointed as well. I think he uses Optimus Futures

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  #91 (permalink)
 Big Mike 
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pvlee View Post
His broker must be disappointed as well. I think he uses Optimus Futures

Unless @mattz endorses him in some way, I don't think that matters. But being a NinjaTrader partner with a listing and affiliation is more of a concern, at least to me. I will stay out of whether he is a fraud or not, I am just concerned in all the unhappy customers - there seems to be a pattern which warrants some investigation.

Mike

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  #92 (permalink)
 pvlee 
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Big Mike View Post
Unless @mattz endorses him in some way, I don't think that matters. But being a NinjaTrader partner with a listing and affiliation is more of a concern, at least to me. I will stay out of whether he is a fraud or not, I am just concerned in all the unhappy customers - there seems to be a pattern which warrants some investigation.

Mike

Hey Mike, I believe you were a club member once. What did you think of his mentoring?

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  #93 (permalink)
 Big Mike 
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pvlee View Post
Hey Mike, I believe you were a club member once. What did you think of his mentoring?

I can't recommend it. Not going to say anything further, do your own research and reach your own conclusions.

Mike

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  #94 (permalink)
 cory 
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Big Mike View Post
Personally, I am more interested in what @NinjaTrader will do given the negative feedback from his customers. I believe he is a NinjaTrader partner, perhaps someone can verify that to be true or not. Their decision will have a bigger impact on protecting consumers.

Mike

ninja will do nothing, they run on 'go along to get along' philosophy.

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 pvlee 
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Big Mike View Post
I can't recommend it. Not going to say anything further, do your own research and reach your own conclusions.

Mike

It's just a shame that new inexperienced traders are throwing their money and time away on his b*llsh1t. New gullible traders think it is very possible to make 20 trades a day and have 19 winners and 1 loser on a daily basis.

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  #96 (permalink)
xylem
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As amember of the club i Just want to say to all the haters
He is a fantastic mentor trader and great guy in general....



Sorry I just wanted someone to take the other side of this frauds argument... Apparently he has absolutely noone who can vouch for him including himself...

He should be charged for misselling products or something.

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  #97 (permalink)
 opentrdr 
Phoenix, AZ
 
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I think I speak for all the "disgruntled" (Ed's words directly from his email today) ex-members of The Jaguar Trading Club. We all want a couple of things from Ed:

1) Allow members to view all of your trades on your screens with the DOM visible. Ed states directly on his blog that "YOU CAN WATCH OVER MY SHOULDER AS I TRADE IN THE LIVE MARKET". If Ed is not showing all his trades then that alone is deceptive advertising. He is selling a service that he is not delivering. Ed, if you are viewing this I have all of your blogs with each page copied. If you take something down, I will know it.

2) Be transparent = don't hide behind other members trading screens claiming to make all this money - NO ONE CARES.

3) If you're such a coward and cannot show your own screens at least do the members a favor by telling them when and where you are getting into a trade and WHY - the members just want some of your vastly accumulated knowledge.

4) Stop posting your trade blog - it means nothing if you post it every 10 seconds, you can still create a fake report. I am 100% convinced that you're creating fake reports.

5) If you say that you will no longer be taking new clients (from your own video posted of Kenneth's supposed success story) then stay true to your word and stop.

6) POST AN EXPORT OF YOUR LOG IN EXCEL - let everyone see that you are logging out and then back in to create your fraudulent trading reports.

7) Ed states that his trades are mostly real-as in cash trades that are transacted on an exchange. I would like to know if they are real or SIM. I also think regulators would like to know.

I would like to ask everyone who is viewing this thread who is an ex-member if they are really serious about trying to get their money back. I am willing to start the process. Ed WILL NOT STOP his blog unless an attorney general or another larger government agency steps in to stop him. He has over $3K of my money and I want it back. It is worth it to me to file a suit and contact someone regarding his business practice. I have at least 2 very valid arguments why I am entitled to a refund and damages. If you contact me please only do so if you're serious.

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  #98 (permalink)
 toulouse-lautrec 
Europe
 
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well, for starters, i dont think his paintings are too bad

a couple of years ago i was in touch with one of his students. He told me he witnessed Ed deleting a bad trade out of Ninjatraders execution history. I didnt believe him and ignored his remark.
After reading the latest positings on this thread i tried reproducing that out of curiosity but was unsuccessful. Maybe i am doing it wrong or the person was just talking bs. My NT version is 7.0.1000.25 so maybe this "feature" did work in the past and has been removed now ... who knows.

i dont know much about "protrader Ed" but have seen him trading live many years ago when he was partnering with the Bluewave guy, and what i remember is that he had a decent performance.

EDIT looks like others have found out about the doctoring of the trades already and have posted in the thread a few pages back. sorry i didnt read all of the thread and was not aware when i posted above.

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  #99 (permalink)
 opentrdr 
Phoenix, AZ
 
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xylem View Post
As amember of the club i Just want to say to all the haters
He is a fantastic mentor trader and great guy in general....



Sorry I just wanted someone to take the other side of this frauds argument... Apparently he has absolutely noone who can vouch for him including himself...

He should be charged for misselling products or something.

Xylem-no need to apologize. There are numerous posts (I have posted several) in this thread where members of Ed's club have taken their time to document how they feel, what transpired and why they think Ed needs to be stopped. I am one of them. I don't want an argument, but would like to read a well written account as to why you feel the way you do. I think it is important to hear from someone that claims Ed helped them and what specifically Ed did to change their trading for the better. Please respond.

Also, I don't understand your statement: "He should be charged for misselling products or something" - please elaborate.

Thanks.

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  #100 (permalink)
 opentrdr 
Phoenix, AZ
 
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toulouse-lautrec View Post
well, for starters, i dont think his paintings are too bad

a couple of years ago i was in touch with one of his students. He told me he witnessed Ed deleting a bad trade out of Ninjatraders execution history. I didnt believe him and ignored his remark.
After reading the latest positings on this thread i tried reproducing that out of curiosity but was unsuccessful. Maybe i am doing it wrong or the person was just talking bs. My NT version is 7.0.1000.25 so maybe this "feature" did work in the past and has been removed now ... who knows.

i dont know much about "protrader Ed" but have seen him trading live many years ago when he was partnering with the Bluewave guy, and what i remember is that he had a decent performance.

NO BS. Here are the precise instructions. Start Ninja. Place a bunch of SIM trades (good and bad). Disconnect from your data provider. Reconnect. Go to the executions tab and delete the losing trades. You are now a trading god and can charge $3,500 for anyone willing to believe you. Simple. Oh, I forgot-I am using V7.0.1000.25 (Live)

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