The Electronic Local method - futures io
futures io futures trading



The Electronic Local method


Discussion in Trading Reviews and Vendors

Updated by YuvalW
      Top Posters
    1. looks_one cory with 15 posts (8 thanks)
    2. looks_two Braulio with 14 posts (2 thanks)
    3. looks_3 Jeff Castille with 11 posts (10 thanks)
    4. looks_4 eDanny with 7 posts (6 thanks)
      Best Posters
    1. looks_one fiki with 4.5 thanks per post
    2. looks_two Jeff Castille with 0.9 thanks per post
    3. looks_3 eDanny with 0.9 thanks per post
    4. looks_4 cory with 0.5 thanks per post
    1. trending_up 44,401 views
    2. thumb_up 62 thanks given
    3. group 32 followers
    1. forum 105 replies
    2. attach_file 19 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

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

 
Search this Thread
 

The Electronic Local method

(login for full post details)
  #71 (permalink)
nowhere
 
 
Posts: 1 since Aug 2010


gdavid1977 View Post
Ok, I had to post this. I've followed the touted EL blog for a couple of months. Bellow a few thoughts on it.


Why this could be true:
- He is tired of trading and wants to get another type of income or use leverage
- He likes to teach more than to trade
- It makes sense, I think (without proof) that his method could be put to work. I mean not just the technical trading, but the whole learning method.
- The money is needed for the disease, the money from trading wouldn't be enough.
- He donates money to charity and want to increase his donations without taking a cut on his income


Why this could be a fake:
- No one knows him, no one knows any student who learned from him and is now making money
- Even if he is successful as a trader, there is no guarantee that he can transfer his know how.
- I found small "details" on the blog, we wouldn't bother to answer them, a couple of comments weren't published. No proof, though.
- Looking only at the outer aspect, you can't tell if it's a fake or not. It is the same site selling something. I must admit I am overly cautious on someone selling things.


Neutral considerations:
- The price of training class and now of DVDs is well researched. I found methods, DVDs, classes that ask the same amount. He is about to start a new business, quite different from trading.
- I did a small research on the selling company. Perhaps just a coincidence, a London based company with the same name was closed a few years ago.

On the data I have I couldn't reach any definitive conclusion...


someone i know would wish he had read your post before he signed up

Reply With Quote

Can you help answer these questions
from other members on futures io?
How to place an order where the stop loss price changes when a price is touched
TradeStation
FYI plot bug & workaround: changing color or width is delayed 1 bar
EasyLanguage Programming
EasyLanguage ADX strategy +DI and -DI
EasyLanguage Programming
TOS script
ThinkOrSwim
Scan by comparing SMAs within 5 mins
ThinkOrSwim
 
 
(login for full post details)
  #72 (permalink)
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 155 since Jun 2009
Thanks: 180 given, 111 received

Colin,

could you please say more what is his/her experience.

Thanks.

Reply With Quote
 
(login for full post details)
  #73 (permalink)
Portugal
 
Experience: Beginner
Platform: Ninjatrader, Multicharts
Broker: Amp Futures/Zen-Fire
Trading: ES, 6E
 
Braulio's Avatar
 
Posts: 229 since Aug 2009
Thanks: 407 given, 216 received



colin View Post
someone i know would wish he had read your post before he signed up

As I understood, this someone signed and is still training with EL, correct? "He" would be very welcome to post his experience here, it would enlighten us all.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #74 (permalink)
Bern
 
 
Posts: 2 since Jul 2010
Thanks: 0 given, 0 received

@colin: I am not saying, it's a fake. The only advice I would give is proceed with caution.

@Braulio: A post from someone who took the training would be helpful, but only a small part of the statistics and it would be really hard to tell which one. He could be someone who failed (the only one) and wants to blame the trainer for it or it could be some trying to increase the sales Difficult to tell.

Trying to stay neutral, a couple of comments
- A few important questions weren't publish on the blog. And the answer would have been really interesting.
- His method might not work for everyone. Theoretically it works, I found a couple of setups and did the backtesting. Even with a probability of 70%, can you wait for a signal for hours an have a loosing day, because the signal belongs to the loosing 30%? Because those signals in the right context are pretty rare.
- I found parts of his methodology within different systems. I mean not only indicators or trading philosophy, but teaching method, too. He is definitely an integrator, the question is, what kind of?
- I understand he is doing backtesting with Multicharts (uptick/downtick, because bid/ask is not available) and trading with MarketDelta (bid/ask). It seems it works for him.


The money: he is offering the DVDs for about 2000-2500 USD. The question: can you afford to lose it or not. For a lot of people, that's serious money. Ironically, buying the DVDs is similar to a trade, maybe not to a day trade but to a position trade.

Even if it's affordable, I would try first to get a proof of it, make it work for me.

Reply With Quote
 
(login for full post details)
  #75 (permalink)
Chicago
 
Experience: Advanced
Platform: Linn Software Investor R/T
Broker: Vankar
Trading: Pipe Organ
 
Posts: 35 since Sep 2009
Thanks: 20 given, 49 received

I looked in on El' a few times over the course of this year. If he can't trade he certainly can spin a good tale. Teaching his daughter to trade. "Kiki" that's a nice name, and a programmer, what luck. She's a quick student. Then of my, there's a son? He's very ill and lives in Australia. I don't know if he's been cured or still exists. This website is not about selling anything. Oh, why not, potential students have pleaded for help. Why you have to get your name in right away so that you won't miss out. Everything is starting to perk along. Now we have a new website and El' is visiting Chicago. There is suddenly a class. Soon we can take a week long holiday at his farm in France and combine that with a European ski holiday.

It's convenient that he's got Kiki to help him and program this new automated trading system which is doing great, but it still needs a little tweaking. He can't ignore that other daughter. You didn't know he has a daughter who just happens to have majored in marketing? She's a real slave driver. Now El's got to get those CD's out as she plans new seminars, etc. "puff, puff, puff."

I was a bit nervy and posted a question about his classes. Trading is just so godawful easy and there's never any mess. He felt sorry for me because I'd obviously suffered and posted selected portions of my post so that his students could ponder my naivete and incivility.

I followed with a more challenging response but that was disregarded. Why do these people engage me? I waste time and stay up late. There are more profitable ways of using my time, like sleeping and putting those guys in a little box and ignoring them. He barely spoke about market flow. I'm such an idiot.

Reply With Quote
 
(login for full post details)
  #76 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,830 since Mar 2010
Thanks: 4,237 given, 26,549 received


tomasito View Post
I looked in on El' a few times over the course of this year. If he can't trade he certainly can spin a good tale. Teaching his daughter to trade. "Kiki" that's a nice name, and a programmer, what luck. She's a quick student. Then of my, there's a son? He's very ill and lives in Australia. I don't know if he's been cured or still exists. This website is not about selling anything. Oh, why not, potential students have pleaded for help. Why you have to get your name in right away so that you won't miss out. Everything is starting to perk along. Now we have a new website and El' is visiting Chicago. There is suddenly a class. Soon we can take a week long holiday at his farm in France and combine that with a European ski holiday.

It's convenient that he's got Kiki to help him and program this new automated trading system which is doing great, but it still needs a little tweaking. He can't ignore that other daughter. You didn't know he has a daughter who just happens to have majored in marketing? She's a real slave driver. Now El's got to get those CD's out as she plans new seminars, etc. "puff, puff, puff."

I was a bit nervy and posted a question about his classes. Trading is just so godawful easy and there's never any mess. He felt sorry for me because I'd obviously suffered and posted selected portions of my post so that his students could ponder my naivete and incivility.

I followed with a more challenging response but that was disregarded. Why do these people engage me? I waste time and stay up late. There are more profitable ways of using my time, like sleeping and putting those guys in a little box and ignoring them. He barely spoke about market flow. I'm such an idiot.

At least his marketing approach shows some skill. Unfortunately there are so many bad websites and system vendors. His website is not bad, I admit that I had some fun reading the Electronic Local Blog. The chart setups are no-nonsense, although he does not show his exact setups.

I have learned something from reading his blog. So I do not blame him for having told me am entertaining story, even if it is not true.

Reply With Quote
The following 3 users say Thank You to Fat Tails for this post:
 
(login for full post details)
  #77 (permalink)
Chicago
 
Experience: Advanced
Platform: Linn Software Investor R/T
Broker: Vankar
Trading: Pipe Organ
 
Posts: 35 since Sep 2009
Thanks: 20 given, 49 received

Yes, but is 10% of the money really going to a charity? Did you look at the days which were something of a challenge? El never seemed to break a sweat. Infinity sponsored this guy in Chicago or so I believe. It would be a novel idea if a broker would partner with only proven educators.

Reply With Quote
 
(login for full post details)
  #78 (permalink)
manchester
 
Experience: Intermediate
Platform: tradestation
Trading: oil
 
Posts: 57 since Mar 2010
Thanks: 15 given, 21 received

Does anyone know of, or have the DVD's? Would be interested on there thoughts

Reply With Quote
 
(login for full post details)
  #79 (permalink)
Portugal
 
Experience: Beginner
Platform: Ninjatrader, Multicharts
Broker: Amp Futures/Zen-Fire
Trading: ES, 6E
 
Braulio's Avatar
 
Posts: 229 since Aug 2009
Thanks: 407 given, 216 received


Bankrobber View Post
Does anyone know of, or have the DVD's? Would be interested on there thoughts

Me too.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #80 (permalink)
Austria
 
Experience: Intermediate
Platform: Ninjatrader, X-Trader
 
Posts: 40 since Jun 2010
Thanks: 54 given, 24 received



Braulio View Post
Me too.


I have been following EL for some time... If you follow his posts and the charts where he shows his entries, you will immediately notice that there are hardly losses... His entries seem to me a little bit too perfect...

Just my two cents...

Regards,
TT

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > The Electronic Local method


August 18, 2011


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts