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Has anyone tried eminiacademy.com?


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Has anyone tried eminiacademy.com?

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  #1 (permalink)
BillK58
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I've looked around on this site for a bit, but I can't find any reports regarding eminiacademy.com. Has anyone tried this course? How successful are / were you? I hate to spend all that money up front without getting an independent evaluation. I realize that Big Mike's Trading offers a premium package, but I want to see what else is out there (so comparisons to what is offered here is not what I'm looking for).

Thanks in advance!


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 tickvix 
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I hope this would help. I did not take any classes from this site, but my very good frnd has taken. He could not trade before he took this class and he can not trade now. I guess the key is not the class but what you would do with it after the class. He has no discipline when he is trading and he cannot make money. The very simple 20-40 EMA cross over would work if u got your rules in place and follow it all the way. I think he paid about $5K for it.
Well this is what I know. Once more I did not take it on my own.

TV/Gregory

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 edi025 
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HI,
I did a Webinar for which and it is not bad. The stop is small and the TakeProfit is usually 2 times as large.
From the Indi only MACDBB, Trigger Line(80,20) and the KeltnerChannel(3,5; 55).Es are being worked a lot with Fibo. It is about how almost Nexgen software, only without the automatic Fib.The Indi you can find all her on BigMike.
sory for my english ..



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 omaha786 
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edi025 View Post
HI,
I did a Webinar for which and it is not bad. The stop is small and the TakeProfit is usually 2 times as large.
From the Indi only MACDBB, Trigger Line(80,20) and the KeltnerChannel(3,5; 55).

What is the Trigger Line? Is it two ema crossover? Thanks,

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  #6 (permalink)
 edi025 
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you can find the Triggerline in TriggerLines - NinjaTrader Support Forum.

Here is a video from Emini..

https://www.eminiacademy.com/blog/2010/08/live-emini-trading-video-and-weekly-wrapup/

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 omaha786 
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Could you post the template for the chart you posted above? Thanks,

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  #8 (permalink)
 edi025 
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omaha786 --- her is the Template and the Indi.
but you must understand what is at stake here .. although you have the Indi .. is important but the Priceaction and the MacdBB and Fibonacci.About the Fibo is a very good webinar here at BigMike .. I would look at the ..


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 edi025 
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here an example .. on TakeProfit
Of course this is not everything, it must understand the price action is higher and the time frame .. but to see the good

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 edi025 
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this is the same setup in Nexgen ... exit on Keltnnerchannel upper band .. and entry is the same ..



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 edi025 
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here are a few examples of price action in multiple time frame













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 Fat Tails 
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From what I have seen on the web site:

emini academy uses a modified approach from the Nexgen T3 Fibs software. Entries are based on MACD BB Lines, there are trigger lines, Keltner Channels, Fib lines, alternates for profit taking. I have never seen MomentumDots with the Fib T3 software, so either I did not pay attention or emini academy added it.

All indicators can be found here on the forum. No need to spend a couple of thousand dollars. You can also try to log in to one of the NEXGEN trading rooms. It is basically the same method.

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 omaha786 
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Fat Tails View Post
... You can also try to log in to one of the NEXGEN trading rooms. It is basically the same method.

Are NEXGEN rooms free? Any idea what the parameters are for the trigger lines (large and small trigger)?

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  #14 (permalink)
BillK58
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Thanks for these charts guys. I still haven't made up my decision. It seems as though one can compile his or her tool set without paying $1000+ for education, when many of these educators are reselling modified versions of public tools.

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 Fat Tails 
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omaha786 View Post
Are NEXGEN rooms free? Any idea what the parameters are for the trigger lines (large and small trigger)?

Nexgen rooms are not free, but they offer free trials. I attended a tradigng room once earleir this year, because they use an approach similar to my own. But all their indicators are different. I think it is a valid and serious approach to trading, but they are overcharging the indicators.

They have large and small triggers representing two different time frames. They look like linear regression lines (standard NT indicator) and an EMA of LinReg (also standard NT indicator). For my personal taste, four lines are too many, the charts are bit clustered.

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 trendisyourfriend 
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omaha786 View Post
Are NEXGEN rooms free? Any idea what the parameters are for the trigger lines (large and small trigger)?

Large Trigger lines: Close, 80, 20
Small Trigger lines: Close, 20,5
Keltner channel use these:
- ChannelThis(30,3,5,55,EMA,55,none)
- EMA_Colors(Close, 10,20,55)

Add Fat Tail's fibonacci confluence indicator and you get basically the same setup for free.

The big plus in favor of these trigger lines is in that they facilitate the reading of price action. The large trigger acts as a punching bag. The more times it gets punched, the weaker it gets. You can use it to gauge strength vs weakness. The small trigger acts as a momentum indicator and it helps to gauge the strength of momentum. Both are in the same window as price so you can keep focusing on price around these lines. I also use them to fine tune my entries and evaluate where i should place my stop loss.

I have also added to my template the particleOscillator_V7(Close,10,0) along with the TriggerLines they signal good entries that give the trader a positive expectation provided you still use your common sense.

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 Fat Tails 
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trendisyourfriend View Post
Large Trigger lines: Close, 80, 20
Small Trigger lines: Close, 20,5
Keltner channel use these:
- ChannelThis(30,3,5,55,EMA,55,none)
- EMA_Colors(Close, 10,20,55)

Add Fat Tail's fibonacci confluence indicator and you get basically the same setup for free.

The big plus in favor of these trigger lines is in that they facilitate the reading of price action. The large trigger acts as a punching bag. The more times it gets punched, the weaker it gets. You can use it to gauge strength vs weakness. The small trigger acts as a momentum indicator and it helps to gauge the strength of momentum. Both are in the same window as price so you can keep focusing on price around these lines. I also use them to fine tune my entries and evaluate where i should place my stop loss.

I have also added to my template the particleOscillator_V7(Close,10,0) along with the TriggerLines they signal good entries that give the trader a positive expectation provided you still use your common sense.

There is no need to stay with the NEXGEN concept, as it can be modified or further improved.

(1) I do not think that you need 2 sets of trigger lines, I do not use them.

(2) My fibonacci indicator does not produce the same lines as NEXGENs indicator, but different confluence zones. The logic could be similar, but I have no idea about the exact settings of NEXGEN's indicators.

(3) You can try a different oscillator or settings to replace MACDBBLines. A combination of CCIs would also work.

(4) You should try to find the optimum settings for the Keltner Channel. These depends on timeframe and instrument.

(5) There are also other indicators that indicate support and resistance that could be used: pivots and current day volume weighted average.

Go ahead and play with it!

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 trendisyourfriend 
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Fat Tails View Post
There is no need to stay with the NEXGEN concept, as it can be modified or further improved.

That's the programmer in you that speaks like that. I know as when i was younger and a programmer i could not resist and i wanted to re-invent the wheel every time i had to edit someone else script.


Fat Tails View Post
(1) I do not think that you need 2 sets of trigger lines, I do not use them.

That must be a good reason! ;-)

More seriously, i have tried many times to add or remove some elements but i always revert to the core indicators. There is a good reason why i use two sets of trigger lines: i have learned to interpret price action with these two sets.

Here is an example that occured a few minutes ago on the ES:



There is no magic but simple common sense.


Fat Tails View Post
(2) My fibonacci indicator does not produce the same lines as NEXGENs indicator, but different confluence zones. The logic could be similar, but I have no idea about the exact settings of NEXGEN's indicators.

That is one reason why i throwed these Fib lines to the toilet. Since no two traders can't agree on which pivot to look at in order to calculate the next level where price is likely to stall or revert then my common sense told me: why bother about such a fuzzy concept. Work with what is real and can be measured. That's why i now use Market Profile. There is no second guessing with this tool. The Value Area is not predicted but is a developping area where the main actors play. You can extrapolate all other key levels from this developping zone as the session progress.


Fat Tails View Post
(3) You can try a different oscillator or settings to replace MACDBBLines. A combination of CCIs would also work.

I don't think so. MACD operates on standard values that are used by many traders. Apart from a moving average i think the MACD is the most used indicator in town. To me, it makes sense to use the same pair of binoculars used by my peers. With the MACD you can detect support/resistance without prediction. The likelyhood of a break or a bounce off of a key level. If you need to exit ot keep your position opened etc. This simple tool is so versatile that i can't see what other indicator can replace it.


Fat Tails View Post
(4) You should try to find the optimum settings for the Keltner Channel. These depends on timeframe and instrument.

I do not believe in optimisation as price will do whatever it wants no matter your settings. What you need to do instead is to find where price might cheat and trick the indicator, ie, where price is more likely to give you two conflicting possibilities under the standard settings. At these sweet spots where one trader would win and the other would lose using the same indicators.

Here is one example i took in my library of tricky possibilities:
This is a case where my bias had changed to the upside when the large trigger was broken and even the midband but look at the strength of the small trigger lines and the position of the MACD. Everything was screaming: a zero rejection line is more likely.




Fat Tails View Post
(5) There are also other indicators that indicate support and resistance that could be used: pivots and current day volume weighted average.

Yes, you are right. I already use these levels:

1) Yest. close, high/Low
2) yest. value area
3) Floor pivots
4) some extention from the value area

That's it.

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 itrade2win 
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I just thought that I would add my 2 cents. When I decided that I wanted to trying day trading I searched for three months before I decided to sign up for one of these so called "Holy Grail" "Earn a living with one point a day" These guys really don't know or understand market dynamics. They just use simple and lagging indee's that don't work.

I stopped trading the system that I had spent thousands on and lost tens of thousands of dollars in nine short months and have studied and learned from others and showing consistent profitabily for the last month or so. I plan on going back to live trading in September if I stay consistent.

Don't throw good money after bad and use the money you would waste on the course and use it for trading capitol. Just take it slow and take your time and practice, practice, practice. This is a business that takes time to build.

I hope this helps!

Cheers
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 Fat Tails 
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trendisyourfriend View Post

That is one reason why i throwed these Fib lines to the toilet. Since no two traders can't agree on which pivot to look at in order to calculate the next level where price is likely to stall or revert then my common sense told me: why bother about such a fuzzy concept. Work with what is real and can be measured. That's why i now use Market Profile. There is no second guessing with this tool. The Value Area is not predicted but is a developping area where the main actors play. You can extrapolate all other key levels from this developping zone as the session progress.


I think that all concepts in trading are fuzzy. You need to tackle that. I would never trade off fib lines or pivots without additional information, but it definitely helps. Certainly this information has superior precision, if compared to market profile. See chart below.

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 trendisyourfriend 
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Fat Tails View Post
I think that all concepts in trading are fuzzy. You need to tackle that. I would never trade off fib lines or pivots without additional information, but it definitely helps. Certainly this information has superior precision, if compared to market profile. See chart below.

If 10 traders look at Market Profile, they will all see the same key locations. If 10 traders try to draw some Fibonacci confluence zones the chance is high that most of them will get different levels. That's what i meant.

In my trading plan i often fade a key level as they provide the most reward. Pivot S2 was a good case yesterday on the ES. You can be wrong many times if you take a trade at an extreme. The need for additional information is understandable but there are limits. Many times it's preferable to take a risk without this additional information.

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n1144n
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trendisyourfriend View Post
Large Trigger lines: Close, 80, 20
Small Trigger lines: Close, 20,5
Keltner channel use these:
- ChannelThis(30,3,5,55,EMA,55,none)
- EMA_Colors(Close, 10,20,55)

Add Fat Tail's fibonacci confluence indicator and you get basically the same setup for free.

The big plus in favor of these trigger lines is in that they facilitate the reading of price action. The large trigger acts as a punching bag. The more times it gets punched, the weaker it gets. You can use it to gauge strength vs weakness. The small trigger acts as a momentum indicator and it helps to gauge the strength of momentum. Both are in the same window as price so you can keep focusing on price around these lines. I also use them to fine tune my entries and evaluate where i should place my stop loss.

I have also added to my template the particleOscillator_V7(Close,10,0) along with the TriggerLines they signal good entries that give the trader a positive expectation provided you still use your common sense.

-------------------------------------------------------------------------------------------------------------------------------------
Thanks for the great information. I do not understand the trigger line statements. Which indicator do you use for the trigger lines?
Are you using the Keltner indicator to get the Upper, Middle, and Lower Bands?

Thanks for your hard work and answers, Dave

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 Fat Tails 
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n1144n View Post
-------------------------------------------------------------------------------------------------------------------------------------
Thanks for the great information. I do not understand the trigger line statements. Which indicator do you use for the trigger lines?
Are you using the Keltner indicator to get the Upper, Middle, and Lower Bands?

Thanks for your hard work and answers, Dave

Large Trigger Lines

LineReg(80) and EMA (LinReg(80), 20). EMA is comparable to signalline of MACD.

Small Trigger Lines

LinReg(20) and EMA(LinReg(20), 5).

Bands

With ChannelThis you can put a variety of volatility bands around a variety of moving averages. Standard Bollinger Bands use a simple moving average of the close and the standard deviation as indication for volatility. Standard Keltner Channels use a simple moving average of the typical price and Wilder's average true range as indicator for the volatility.

The version used here is probably a modified Keltner Channel, using an exponential moving average of the typical price with a period of 55 as centerline and then adding volatility bands based on 3*ATR(55).

I have not tested this. I personally use modified and smoothed Keltner Channels with a shorter period.

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 trendisyourfriend 
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Fat Tails View Post
Large Trigger Lines

LineReg(80) and EMA (LinReg(80), 20). EMA is comparable to signalline of MACD.

Small Trigger Lines

LinReg(20) and EMA(LinReg(20), 5).

Bands

With ChannelThis you can put a variety of volatility bands around a variety of moving averages. Standard Bollinger Bands use a simply moving average of the close and the standard deviation as indication for volatility. Standard Keltner Channels use a simple moving average of the typical price and Wilder's average true range as indicator for the volatility.

The version used here is probably a modified Keltner Channel, using an exponential moving average of the typical price with a period of 55 as centerline and then adding volatility bands based on 3*ATR(55).

I have not tested this. I personally use modified and smoothed Keltner Channels with a shorter period.

Fat Tail's definition is perfect.

Let me also add that the settings for the channel are the exact duplicate of what NexGen use as well as the settings for the trigger lines. You may want to modify these settings but using them as defined on a 1210 tick chart for the ES you will get a good framework to read price action. The actual settings with 1210 ticks per bar give almost the same value you would get from Market Profile (30m timeframe) for the Value Area High, Value Area Low and oftentimes the Developping POC will match to the tick. Also, you need to take into consideration that the settings is coherent with the whole framework. When the MACDBBLines hover around the zero line, when price crosses the large trigger lines, when price closes above the MidBand, your directional bias should be fixed. You should know what direction to place your orders. These indicators cooperate and reinforce each other. That's what you get under the actual settings.

You might also use the sling shot indicator as a replacement which is in the same league but i prefer the trigger lines as i am used to them.

SlingShot:

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 omaha786 
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Fat Tails View Post
I have not tested this. I personally use modified and smoothed Keltner Channels with a shorter period.

One version of modified and smoothed moving average uses the same recursive formula for EMA. After enough iterations:

SMMA(n) = EMA(2n-1) (they are almost equal)

regardless the starting values for both moving averages.

So, let me guess, you are using 28 since SMMA(28) = EMA(55).

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 Fat Tails 
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omaha786 View Post
One version of modified and smoothed moving average uses the same recursive formula for EMA. After enough iterations:

SMMA(n) = EMA(2n-1) (they are almost equal)

regardless the starting values for both moving averages.

So, let me guess, you are using 28 since SMMA(28) = EMA(55).

Too much guesswork. I use Keltner Channels with a period of 33 and a displacement of 1 bar, because I do not want that the current close has an impact on the location of the channel. Then I smooth with a simple moving average just to please my eye.

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CWchang Forex Trader
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funny this is here i got to see them live last Tuesday Wednesday. I read the thread it does not matter what they use in my opinion, if they can not show how they make money live with their map process . All I saw was a guy talking his lungs out about complex ridiculous concepts each morning CT, BT, last op trade. I have not seen a trade while the tape was showing decent ranges for 2 days.

Is the eminiacademy.com worthless or a scam I do not yet and do not care, but what i saw was not re-comforting and felt like i wasted 2 mornings even though they sound cool and their operation is commercially pro but did not see one pro trade live there

Cw

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 omaha786 
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CWchang Forex Trader View Post
funny this is here i got to see them live last Tuesday Wednesday. ..

Cw

Is it the free 7-day trial webinar?

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  #29 (permalink)
miksnake
California
 
 
Posts: 10 since Aug 2010
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With the 7-day trial you can log in and watch them trade live for about an hour and a half in the morning.

Anyone know how to recreate the "momentum dots"?

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  #30 (permalink)
 Fat Tails 
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miksnake View Post
With the 7-day trial you can log in and watch them trade live for about an hour and a half in the morning.

Anyone know how to recreate the "momentum dots"?

The formula is SMA(Typical,3)[2]. Indicator for NT 7 attached below.

Attached Files
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  #31 (permalink)
miksnake
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Thanks for this. However, I'm using NT 6.5. Is there a version of this for 6.5 (this version wouldn't work).

Also, do you have the rest of the indicators that they use?

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  #32 (permalink)
 Fat Tails 
Berlin, Europe
 
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miksnake View Post
Thanks for this. However, I'm using NT 6.5. Is there a version of this for 6.5 (this version wouldn't work).

Also, do you have the rest of the indicators that they use?

The MomDots code is the same for NT 7.0. and NT 6.5., so just edit any inicator in NT 6.5., save it as MomDots and then replace the code with the code from this indicator. Compile via F5. Should work.

By the way, not sure that you are asking for the same MomentumDots. I am referring to MomentumDots that show a displaced momentum, see description below. Also used in the ElectronicLocal Blog.

I think that most of the other indicators can be found in the download section here or on the NinjaTarder forum. I would have to search them as well.

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Has anyone tried eminiacademy.com?-drummond-geometry.pdf  
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  #33 (permalink)
miksnake
California
 
 
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I found the following file which is supposed to be the "Emini Academy Indicators Pack for NinjaTrader".

It looks like an html file.

Anyone know what to do with it?

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  #34 (permalink)
 Fat Tails 
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miksnake View Post
I found the following file which is supposed to be the "Emini Academy Indicators Pack for NinjaTrader".

It looks like an html file.

Anyone know what to do with it?

Delete it, has nothing to do with NinjaTrader.

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  #35 (permalink)
 Fat Tails 
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The MomDots are nothing special. You do not even need to code it.

Just take a 3 period SMA of the typical price and displace it by 2 periods. Then select dots for the plot and that's all.

Displaced moving averages were quite a fad some ten years ago. For example Joe diNapoli also uses a three-period SMA displaced by 3 bars and calls it 3X3. MomDots would be 3X2.

Change the displacement to find out, what suits you best.

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  #36 (permalink)
n1144n
Adair Village, OR
 
 
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I have not been able to use the info posted about the triggers to produce the trigger lines.
In what indicator do I put the following info?

Large Trigger lines: Close, 80, 20
Small Trigger lines: Close, 20,5

thanks for your help.

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  #37 (permalink)
 Fat Tails 
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n1144n View Post
I have not been able to use the info posted about the triggers to produce the trigger lines.
In what indicator do I put the following info?

Large Trigger lines: Close, 80, 20
Small Trigger lines: Close, 20,5

thanks for your help.

I have already explained it in #24. It is the LinReg indicator. For the large trigger lines you take the LinReg(80) and a moving average of this LinReg, which is EMA(LinReg(80), 20). The moving average is the EMA(20) of the first line. Similar for the small trigger lines.

What I do not understand is, why you try to copy concepts with all the details. I personally find all those trigger lines on my chart confusing (seechart 1 below). If you take a single LinReg(34), displaced by 3 or 4 periods, this would be enough as a trendfilter. Add the VWAP of the current session as an institutional benchmark, and you are already better off.

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  #38 (permalink)
 omaha786 
San Diego, California
 
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n1144n View Post
I have not been able to use the info posted about the triggers to produce the trigger lines.
In what indicator do I put the following info?

Large Trigger lines: Close, 80, 20
Small Trigger lines: Close, 20,5

thanks for your help.

Go to ninjatrader forum and search for TriggerLines.

FT is absolutely correct with the formulas.

It's very easy to construct the TriggerLines in Sierra Chart with it's indicator on indicator feature without writing any code.

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  #39 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
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Fat Tails View Post
...What I do not understand is, why you try to copy concepts with all the details. I personally find all those trigger lines on my chart confusing (seechart 1 below).

Must be a case where beauty is in the eye of the beholder. I personaly find the trigger lines extremely usefull in my trading. They represent more than the direction of a trend, they provide levels where to place your orders with a vey small risk 3-6 ticks at times 8 ticks. They show signs of weakness and/or strength. They tell you when not to trade because they can clearly show when a turbulence zone is being crossed or better when it will most likely end etc. I could keep on but suffice to say they can be extremely usefull if you take the time to study price action around these lines. The most interesting quality of these lines in my mind is that they provide a frame of reference where you can more easily detect some of the patterns price makes everyday over and over. In the end, it's a question of habit. You want to train your mind to see small nuances you would not see that easily otherwise.


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 Fat Tails 
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omaha786 View Post
Go to ninjatrader forum and search for TriggerLines.

FT is absolutely correct with the formulas.

It's very easy to construct the TriggerLines in Sierra Chart with it's indicator on indicator feature without writing any code.

NT 7.0 also uses the indicator on indicator approach. The trigger lines above were constructed with NinjaTrader default indicators. MACDBBLines and smoothed Keltner Channels can be found in the download section of this forum. Just the fib confluence zones are my little secret.

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  #41 (permalink)
 omaha786 
San Diego, California
 
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trendisyourfriend View Post
... They represent more than the direction of a trend, they provide levels where to place your orders with a vey small risk 3-6 ticks at times 8 ticks. They show signs of weakness and/or strength. ..

Your chart is a 1210 tick chart for ES, do you use multiple time frame, e.g. a lower time frame for entry? Thanks.

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  #42 (permalink)
 trendisyourfriend 
Legendary Market Wizard
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omaha786 View Post
Your chart is a 1210 tick chart for ES, do you use multiple time frame, e.g. a lower time frame for entry? Thanks.

No i don't as i consider 1210 ticks low enough. In fact, i usually get a good entry level if price gives me a reversal bar in an uptrend that points in the right direction as i would place a buy limit order 1 tick above the low of this reversal bar. I would not get a better entry even if i would use a lower interval. I tried many permutations using different intervals and i always come back to 1210 ticks/bar. It's a good compromise between too fast or too slow. 1210 ticks/bar gives you bars that vary between 3-5 ticks. This helps to gauge volatility. The other intervals that i use are only usefull to form an opinion about overbought/oversell conditions or trace a price channel etc. But i could trade without them. One thing i have realised over the past six months is that the search of *good* price levels of supply/resistance is a wrong quest. You can make money without knowing beforehand these key levels. This is one more reason why i use the trigger lines as they reveal the strength or weakness behind a move. No matter the level in front of you, you need a certain amount of strength to cross a key level. If price hits a wall so to speak, it will reveal itself in the MACD as well as in the trigger lines. That's why more and more i consider the search for *accurate* key levels as a secondary task. Most of the time (95% in reality) for a day trader, the last couple of swings (high or low) is what counts in his timeframe and it takes just a quick look at your chart to identify them.

Here is an example:

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  #43 (permalink)
JimMM
Palm Desert, CA USA
 
 
Posts: 3 since Oct 2010
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I think eNini Academy , they use a variation of the same trend following system that evryone else uses. basically looking for the first MA crossover then find a entry.

I use their "TML" line just to see where price is on a retrace where the market will turn.

I calibrated their TML line for my 377 tick ES chart. The setting is a LinearRegression(curve) Line at 144 period.

If I understood correctly , you are reffering to the row of magenta and ?cyan? dots that show the momentum. . . you are referrring to these as the momentum dots.
These dots are colored by the position of the faster timeFrame linear Regression Line ( ? 20 period ?) If the FastLR is above the the "TML" then the dots are cyan if below the dots are colored magenta.
It's been a while since I figured it out. . . but
the Gray nuetral dot color is caused by either the price being above the "TML" and the FastLR below the TML
OR someother variariation of MAs being Stacked for Trend and the FastLR below the TML.

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  #44 (permalink)
JimMM
Palm Desert, CA USA
 
 
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I just found a TS workspace whe I had figgured it out a long time ago . . .

This was on a 233 tick chart . . . before the CME exchange calculated ticks differently.
I now use a 377tick chart which changes all the lengths.

FastLinearRegression Line = 51 period length of Close
TML MidLine = Linear Regression Line 90 per.
610 chart's TML impossed on the 233 chart = 238 period length of Close

I always put all the lines on my main chart, because MAs are senseless to look at on Multiple charts.

Try them out and take the week trial ... then fine tune the period lengths.
Its all Pretty Simple Stuff to figure out.

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  #45 (permalink)
 Tanju23 
Riverview Fl
 
Experience: Intermediate
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Really simple. when price is above their "trigger line" (or tml as they call it), mid-band, and zero-line of macd. its more of a quick look type indicator. nothing that they utilize in their curriculum really and defiantly nothing to take trades from. And yes the system works well. It is what has taught me to trade. yes you can get the indies basically for free but from what i see discussing here the the settings are off and for one in particular the wrong one is being used all together. i feel it is worth the money because the classes that they teach and the curriculum is very good and easy to understand. but like anything you need to practice and "do your homework".

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  #46 (permalink)
finflash
boca raton, fl
 
 
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Tanju23` View Post
Really simple. when price is above their "trigger line" (or tml as they call it), mid-band, and zero-line of macd. its more of a quick look type indicator. nothing that they utilize in their curriculum really and defiantly nothing to take trades from. And yes the system works well. It is what has taught me to trade. yes you can get the indies basically for free but from what i see discussing here the the settings are off and for one in particular the wrong one is being used all together. i feel it is worth the money because the classes that they teach and the curriculum is very good and easy to understand. but like anything you need to practice and "do your homework".


I am thinking of taking the eminiacademy course. tanju23 how long ago did u take it and how successful have you been with it? do you think it;s worh it?

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  #47 (permalink)
 Tanju23 
Riverview Fl
 
Experience: Intermediate
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I believe it is, I tried EOT when i first got into trading (Oct 09) and my first trade I made 500 on 4 contracts on ES. Shortly there after I lost about 1500 on a minimally funded account, so i stopped very quickly and re-assessed my situation. I learned very quickly of how "green light, red light" systems do not work. At least not for me. I didn't like the fact that i wasn't learning anything, fast forward to now, after about 8 months of learning the ins and outs of the system i finally grew another pair and decided i was ready to start back up again. I could have done it WAY sooner but im young so why rush it. I just started back up again live about a month ago and haven't had a loosing day yet,(I know they will come one day) but i do work during the week so i can only do it on Mondays for the moment. only trading one contract right now to grow my account to starts trading 2. The training is very good, easy to understand, and methodical. that is what works for me. as far as the price, my dad bought it for me for a gift so i didn't' really pay for it but, with that being said, as i said before, I've been doing it live for a month, once a week and i am about halfway in profits for the cost of the course trading just one contract on ES and TF. Anything that teaches you a skill to be profitable in trading is well worth it. i am not anyone that works for the company, just a very satisfied customer. If you are seriously thinking about it i highly recommend it. If you put in the time to do the work, go to the "classes" and review the material in and out until it becomes second nature, you will make money.

-Steve

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  #48 (permalink)
 MWinfrey 
Lubbock TX
 
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I know a couple who are members. The husband does well because his discipline is good and the wife does so-so because she has discipline issues. However, they both speak very highly of the training and believe it to be worth it.

I worked with another fella who was deep into eminiacademy and did some development for him to recreate the indicators with his "flavor" and he was doing pretty good too. I'm sure the indicators have changed since I initially did the work so what I have probably is no longer valid. Personally I didn't want to spend the money on the training so I never really got past the neophyte stage.

Mike

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  #49 (permalink)
finflash
boca raton, fl
 
 
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thank you very much for the info. i am always skeptical of anything that charges 5k but hearing from people in the trading community i am more confident about it.
thanks so much
fin

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  #50 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

Looking at these and other vendor charts, I can't stop thinking they are a blur and all look the same. Not an edge among them. Or, at least, not an edge the vendor has PROVEN. (God forbid you ask for the vendors' live and unadulterated trading statements to back the hypothetical hype.

Go ahead and subscribe. You've probably pissed money away on other more worthless things in your life that had no value. Haven't we all?

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  #51 (permalink)
 sharmas 
Auckland
 
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Hi

What are those 3 MAs and especially the Yellow one

sharmas

JimMM View Post
I just found a TS workspace whe I had figgured it out a long time ago . . .

This was on a 233 tick chart . . . before the CME exchange calculated ticks differently.
I now use a 377tick chart which changes all the lengths.

FastLinearRegression Line = 51 period length of Close
TML MidLine = Linear Regression Line 90 per.
610 chart's TML impossed on the 233 chart = 238 period length of Close

I always put all the lines on my main chart, because MAs are senseless to look at on Multiple charts.

Try them out and take the week trial ... then fine tune the period lengths.
Its all Pretty Simple Stuff to figure out.


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  #52 (permalink)
 jitasb 
London, England
 
Experience: Intermediate
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Hello.

I have purchased this course a while back. Bit busy at the moment, but If anyone is interested I'll post a review a bit later.

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  #53 (permalink)
 ceramictilepro 
Roseville CA
 
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awesome indicator!

i joined both Trading Authority and Emini Academy and believe that they use this indicator, or one that is very close. they use different settings and triggers for setups.

i always wanted to "see" what was so special about this indicator as it seems to be popular but was never able to until now.

could anyone tell me how i could add some code to this indicator? here is what i was looking for:

"if the indicator crosses the zeroline, then draw an arrow at the close of the bar"



here is some of the code that has not been edited. just there to help get a visual and thx!




 
Code
 
if (Rising(BBMACD))
{ 
if (BBMACD[0] < Upper[0])
PlotColors[0][0] = DotsUpInside;
else
PlotColors[0][0] = DotsUpOutside;
}
else
{ 
if (BBMACD[0] > Lower[0])
PlotColors[0][0] = DotsDownInside;
else
PlotColors[0][0] = DotsDownOutside;
}
PlotColors[2][0] = BBAverage;
PlotColors[3][0] = BBUpper;
PlotColors[4][0] = BBLower;
PlotColors[6][0] = ZeroCross;
PlotColors[7][0] = Connector;
if (BBMACD[0] > 0)
{
PlotColors[5][0] = ZeroPositive;
 
if (CurrentBar != 0 && BBMACD[1] <= 0)
MACDCross.Set(0);
 
 
else
MACDCross.Reset();

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  #54 (permalink)
STEPHEN
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jitasb View Post
Hello.

I have purchased this course a while back. Bit busy at the moment, but If anyone is interested I'll post a review a bit later.

Hi jitasb, I'm interested for the review.

thx

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  #55 (permalink)
 jitasb 
London, England
 
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My Review.

Introduction.

I purchased this course in the latter half of last year 2010. My main reason was that although I am not a new trader, I didn’t really have much Futures experience coming from a Stock trading background. I did some research on the Web, looked at some reviews and went to free sessions. There weren’t really any adverse comments about the course that I could find….so I went ahead with it.

If forced to sum it up briefly I would say that there are a lot of good things about this course especially if you are a relative novice to the trading game. That is not to say that you are guaranteed to be profitable though.

The price you pay depends on how much access you want to the Live Trading room. A higher price membership will allow lifetime access. Or you can pay a lower amount and get the course plus 3 months access to live room.

Once you join you are a member for life, so if they ever make enhancements to their setups etc then you will always have access to them for no extra charge. This was one of the things I looked for when searching for a course, as it allows you to be kept up to date of any changes to the strategy based on market behaviour without having to continue paying monthly for a live room.

Course Structure.

The course is structured in online format with a mixture documents and videos.



The core of it all is the mastery curriculum consisting of about 15 chapters. This covers everything relating to trading the Emini:
  • contract mechanics (e.g. 1 point is 4 ticks and is worth $50)
  • Fibs explained
  • Market environments
  • Their indicators explained
  • Their specific setups
  • Risk Management
  • How to set up a trading plan
  • How to trade using the DOM
A good thing about how they do it (IMO) is that there is an online live class to actually go thru the curriculum chapters. So you are not left to read it on your own. This class is over 5 days and covers a few chapters per day. So you can read thru the course and sit the class and ask any questions as they occur to you. Sometimes there are even some live market examples of setups which may be occurring at that time.

You can retake this class as many times as you like as it comes around every month.

Platforms.

You need to have Ninjatrader or Tradestation as their indicators are coded to these to patforms.

Depending on which platform you use (NT or TS) they send you the indicators to set up the charts exactly as they do so you are seeing the same signals they do in the live room. There is also a video showing you how to do it step by step.

Homework.

Another good thing about this course is their advice on doing your own homework.

Once you have gone thru the course there is a section where they ask you to go back thru the charts and identify their setups and where you would have entered, your target, your stop etc.

In effect they are asking you to backtest for yourself that their setups work. For example you need to identify 25 cases of a BT setup. So as well as getting comfortable with the setups you are looking at charts to see if your understanding is correct. You can email your setups to them and they are very good in giving you feedback on whether you have identified things correctly or certain nuances you may need to consider with regard to price action.


Feedback and Communication.

Can’t really fault this aspect.

As mentioned above they give good feedback on your emails about your setups. If you have problems with platform setups etc then they are ready to help.
Sometimes the reply is via a video where the instructor shows your chart and marks on it where maybe you were too early in your entry..that sort of thing.

They will also review your trading plan and offer advice on it.

Course Methodology.

For obvious reasons I am not going into detail of their setups. But briefly….

They are essentially trading the trend and have different setups which are designed to enter a trend a different points : near start, once you get some further confirmation and as the trend is coming to a possible close.

Their indicators (macd BB, channel bands etc) all combine to provide a view on trend strength, direction etc.

Market behaviour (channels, support and resistance levels etc0 are also a part of the methodology.

They use two timeframes (tick chart based): one to identify and area to trade and one to fine-tune your entry. There is a strong element of momentum in their trades so that for example even if price is at an area you still need the short timeframe momentum on your side before you can enter a position.

Their risk is max on 1.25 points and their target is usually based on an ‘area’ 2 points away. If this target is less than 2 points then they would not consider that a trade. So their risk-reward is on the good side and if you catch a trend it is a good chance you will make 3 or 4 times your risk.
Targets are Fib Extension based as well as area based.

The Live Trading Room.

The live room runs 3 or 4 days a week usually the morning session and sometimes one afternoon session.

The instructor will have both tick charts open and identify potential areas to trade and also invite comments from the attendees. So for example how is momentum looking here ? is this a BT trade setting up ? that sort of thing.

You have to be on the ball to get your entry on the smaller timeframe otherwise you are likely to miss it.

One thing I should make clear is that this is not a live trade room. I.E You will not hear the instructor say “ buy ES at 1235.75 now “ for example. So for the purist this is not really a Live Trading room. They are just going thru the market and identifying the setups and possible targets.
There is also no display of their trading execution screen or DOM. You will not see them trade the ES in front of you and see the P/L as they move stop, exit etc.

I’m saying this as there is a school of thought that a Live Room room should show a trade being made with corresponding P/L and exact entries, exits etc. ..you won’t get this here as it is more of a educational room.

As the morning unfolds the people can send in their charts of trades and the instructor will review them online so all people can see and make any possible comments.

At the day’s end there is a video which shows all the day’s setups and you can compare this to what you took or did not take.

So can you make money with it?

So finally the crux of it. I’ve rambled on above about some obviously good points about the course. And for sure they are not scammers…but can you make money with it ?

My view is that you can, but you need to be able to incorporate the following:
  • Assessing market behaviour is a big part of this course. More specifically if the market is stuck in a range and or channel then trying to trade retracements in a trend is tough going . Looking at support and resistance etc is vital. I know that some trades I took were correct in terms of setups but the daily review identified a S/R channel which invalidated the trade.
  • You have to be quick on entry (on smaller tick chart). Any hesitation and price can move quickly away meaning the r/r on the trade is no longer favourable. This takes practice with the DOM etc.
  • On the flip side of point 2 you have to be careful not to enter too early when the momentum is still slightly against you. As with a 1.25 stop it can be hit quickly.
  • On the trades which work out, ideally you need to let them run to the full course (usually 2,3 or 4 points) to make up for losers.
Am I trading it?


Some days I do….I’m not a full time trader as I have a job as well. And also I am more leaning towards price action trading (less indicators), so I don’t trade it every day. There are parts of the course I have incorporated into my own trading E.g . Use of tick charts, DOM trading etc.

Anyway ramble over..hope you didn't fall asleep...

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DCFX
USA
 
 
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jitasb, thanks for that awesome review - it was extremely informative!

At the end you stated that you don't trade it every day and are leaning toward price action trading. So after spending $5K, you don't seem to be thrilled - which is usually result of poor profitabiliy of the trades... Your review mentioned the stop and target amounts - so we know the risk-reward, but would you mind posting your results as far as average win and percent of trades profitable? Just trying to get a better idea of the real vs. expected results here and why you're still looking for better...

Thanks again for taking time to write in such detail.

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  #57 (permalink)
 jitasb 
London, England
 
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DCFX View Post
jitasb, thanks for that awesome review - it was extremely informative!

At the end you stated that you don't trade it every day and are leaning toward price action trading. So after spending $5K, you don't seem to be thrilled - which is usually result of poor profitabiliy of the trades... Your review mentioned the stop and target amounts - so we know the risk-reward, but would you mind posting your results as far as average win and percent of trades profitable? Just trying to get a better idea of the real vs. expected results here and why you're still looking for better...

Thanks again for taking time to write in such detail.

Here are my results. They are in two parts: backtesting (i.e. I went back thru the charts and looked at each day in turn and ran thru the trade entry, stop, exit etc): very time consuming I can tell you. And also my actual real results.

June 2010 (backtesting): 51 trades > +54 points > win rate 60% > Avg pts per trade = +1
July 2010 (backtesting): 60 trades > +35 points > win rate 55% > Avg pts per trade = +0.6
Aug 2010 (backtesting): 55 trades > +43 points > win rate 56% > Avg pts per trade = +0.78
Sept 2010 (backtesting) 58 trades > +26 points > win rate 47% > Avg pts per trade = +0.45
Oct 2010 (backtesting) 46 trades > -13 points > win rate 36% > Avg pts per trade = -0.30

Sept 2010 (my trades): 26 trades > +20 points > win rate 62% > Avg pts per trade = +0.75
Oct 2010 (my trades): 25 trades > -18 points > win rate 33% > Avg pts per trade = -0.72
Nov 2010 (my trades): 20 trades > +8 points > win rate 52% > Avg pts per trade = +0.4
Dec 2010 (my trades): 11 trades > -3 points > win rate 46% > Avg points per trade = -0.3

Also some further comments:

My figures are not as good as the website ones: as they have win rates in region of 65 to 70%. A lot of this is due to reading price action and market behaviour > there are some trades which I took and they did not. So it's not all about just following the signal and taking the trade based on the setup parameters lining up.

The other thing to bear in mind is that on taking the course I was a complete novice to futures. Having been trading stocks for a few years I am more comfortable with that, so am not really ready to throw all that away and concentrate solely on Futures. Addtionally price action trading is still a part of trading the EminiAcademy system so I am still looking for ways to improve.
If you said that my results were ok and I haven't really given it a chance...then I wouldn't argue with that.

On the live room, there are people making money (in as far as you can judge by their charts) and there was a recent bootcamp in Texas which was fully subscribed...So people seem to be ok with the system and willing to spend more for more advanced training.

Hope that helps.

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Birdgirl
Los Angeles
 
 
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jitasb View Post
Hello.

I have purchased this course a while back. Bit busy at the moment, but If anyone is interested I'll post a review a bit later.

I would love to read your review of Emini Academy, thanks!

Nevermind, I had not scrolled down to your excellent review. Thank you.

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  #59 (permalink)
 cory 
the coin hunter
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ceramictilepro View Post
awesome indicator!

i joined both Trading Authority ....

what do you think about authority?

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  #60 (permalink)
 vovan348 
Moscow
 
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Does anybody know what is a difference in their setups for CT, BT and LO?

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miksnake
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jitasb View Post
Here are my results. They are in two parts: backtesting (i.e. I went back thru the charts and looked at each day in turn and ran thru the trade entry, stop, exit etc): very time consuming I can tell you. And also my actual real results.

June 2010 (backtesting): 51 trades > +54 points > win rate 60% > Avg pts per trade = +1
July 2010 (backtesting): 60 trades > +35 points > win rate 55% > Avg pts per trade = +0.6
Aug 2010 (backtesting): 55 trades > +43 points > win rate 56% > Avg pts per trade = +0.78
Sept 2010 (backtesting) 58 trades > +26 points > win rate 47% > Avg pts per trade = +0.45
Oct 2010 (backtesting) 46 trades > -13 points > win rate 36% > Avg pts per trade = -0.30

Sept 2010 (my trades): 26 trades > +20 points > win rate 62% > Avg pts per trade = +0.75
Oct 2010 (my trades): 25 trades > -18 points > win rate 33% > Avg pts per trade = -0.72
Nov 2010 (my trades): 20 trades > +8 points > win rate 52% > Avg pts per trade = +0.4
Dec 2010 (my trades): 11 trades > -3 points > win rate 46% > Avg points per trade = -0.3

Also some further comments:

My figures are not as good as the website ones: as they have win rates in region of 65 to 70%. A lot of this is due to reading price action and market behaviour > there are some trades which I took and they did not. So it's not all about just following the signal and taking the trade based on the setup parameters lining up.

The other thing to bear in mind is that on taking the course I was a complete novice to futures. Having been trading stocks for a few years I am more comfortable with that, so am not really ready to throw all that away and concentrate solely on Futures. Addtionally price action trading is still a part of trading the EminiAcademy system so I am still looking for ways to improve.
If you said that my results were ok and I haven't really given it a chance...then I wouldn't argue with that.

On the live room, there are people making money (in as far as you can judge by their charts) and there was a recent bootcamp in Texas which was fully subscribed...So people seem to be ok with the system and willing to spend more for more advanced training.

Hope that helps.


It's been a little longer now that you've been using the system. Could you provide an update on your results? Are you still using their methods and indicators? The new indicators look like it will simplify things a little bit, at least for some trades, but it also means it's moving toward more and more automated rather than trader skill based.

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  #62 (permalink)
 JS12 
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Anyone else have anything good or bad to say about Emini Academy?

I have heard mixed reviews so far.

Thanks guys.

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  #63 (permalink)
 vovan348 
Moscow
 
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]
JS12 View Post
Anyone else have anything good or bad to say about Emini Academy?
I have heard mixed reviews so far.

Thanks guys.

I didn't buy their program but I wish I could. I just cannot afford it right now. I think their course is really good and strategy is very easy to understand and use. I get bad reviews from people that just cannot follow those rules and do not work hard enough to make it work.

They have a lot of videos on youtube you can watch and you can also get one free class with them. That is just a live trading room where they are watching live data and asking you questions about set ups and at the end of the session students send them their charts to see what kind of mistakes they've done.

So what I'm doing is trying to use their strategy without paying them. I got indicators that are very close to what they are using. I don't know how to program custom indicators but I got some help from other members. If you watch their videos over and over again you can see how they find their entries and what set ups they are using.

So I had to go the hard way and nobody tells me what I'm doing wrong and how I can fix it. It would by much easier if I paid them.

If you are interested in what I'm doing you can follow me on youtube. My name on youtube is the same with this one. I started my sim trading at April 7. The fist week I traded two days and made $207.50 per contract
the second week I traded all five days but on monday I had only 30 minutes to trade so I took two stupid trades and lost $100 but by the end of the week I made +$437.50. I count the broker's fee also $5 rt, so all my results are net profit or loss. After that I started to pay more attention on MACD divergences and forgot about some other rules I had to follow. Last week we had low volatility on the market and with all of that I lost $365.00. When I looked back I found at least five loosing trades that were not valid according my rules and just from those five I could save $312.50.

So as I said it's all about your discipline. Now they have new version of software that gives you clear entry signals. The only thing I don't like about that software that you stop thinking because it calculates everything for you.

I hope this is gonna help you.

Here is the link to my channel:

[yt]https://www.youtube.com/user/vovan348?feature=mhum[/yt]

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  #64 (permalink)
 JS12 
NY
 
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vovan348 View Post
YouTube - vovan348&#39;s Channel

I didn't buy their program but I wish I could. I just cannot afford it right now. I think their course is really good and strategy is very easy to understand and use. I get bad reviews from people that just cannot follow those rules and do not work hard enough to make it work.

They have a lot of videos on youtube you can watch and you can also get one free class with them. That is just a live trading room where they are watching live data and asking you questions about set ups and at the end of the session students send them their charts to see what kind of mistakes they've done.

So what I'm doing is trying to use their strategy without paying them. I got indicators that are very close to what they are using. I don't know how to program custom indicators but I got some help from other members. If you watch their videos over and over again you can see how they find their entries and what set ups they are using.

So I had to go the hard way and nobody tells me what I'm doing wrong and how I can fix it. It would by much easier if I paid them.

If you are interested in what I'm doing you can follow me on youtube. My name on youtube is the same with this one. I started my sim trading at April 7. The fist week I traded two days and made $207.50 per contract
the second week I traded all five days but on monday I had only 30 minutes to trade so I took two stupid trades and lost $100 but by the end of the week I made +$437.50. I count the broker's fee also $5 rt, so all my results are net profit or loss. After that I started to pay more attention on MACD divergences and forgot about some other rules I had to follow. Last week we had low volatility on the market and with all of that I lost $365.00. When I looked back I found at least five loosing trades that were not valid according my rules and just from those five I could save $312.50.

So as I said it's all about your discipline. Now they have new version of software that gives you clear entry signals. The only thing I don't like about that software that you stop thinking because it calculates everything for you.

I hope this is gonna help you.


Thanks a lot for the reply. From my research on them, it seems like the method only works well when the market is trending, but on a choppy ranging kind of day, I can see how you can eaten up pretty fast.

Do you or anyone else who has taken the course feel this way?

Thanks again.

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  #65 (permalink)
 vovan348 
Moscow
 
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JS12 View Post
Thanks a lot for the reply. From my research on them, it seems like the method only works well when the market is trending, but on a choppy ranging kind of day, I can see how you can eaten up pretty fast.

Do you or anyone else who has taken the course feel this way?

Thanks again.

That's why I lost money last week but there are easy rules that can keep you out of the choppy market and I just forgot about them. That's why they have 30 and -30 lines on the MACD. They give you a signal if market really trending or not.

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 JS12 
NY
 
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Well, one thing I will say is that is definitely a good thing if you can keep yourself out of choppy ranging markets, as I guess sitting out will not cause you to lose money.

However, shouldn't a good trading method make you money during trending and ranging markets?

Again, staying out of the market is never a bad thing, as you will preserve your capital. BUT, you won't make any money either by sitting on the sidelines.

And from what I understand, the markets are ranging more than they are trending.

So just trying to figure out how you would actually make money using this type of method that is geared towards capturing trending moves. If the market gets rangebound for a couple of weeks, then where does your income come from?

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 vovan348 
Moscow
 
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JS12 View Post
Well, one thing I will say is that is definitely a good thing if you can keep yourself out of choppy ranging markets, as I guess sitting out will not cause you to lose money.

However, shouldn't a good trading method make you money during trending and ranging markets?

Again, staying out of the market is never a bad thing, as you will preserve your capital. BUT, you won't make any money either by sitting on the sidelines.

And from what I understand, the markets are ranging more than they are trending.

So just trying to figure out how you would actually make money using this type of method that is geared towards capturing trending moves. If the market gets rangebound for a couple of weeks, then where does your income come from?

If you are looking at 610 ticks charts you gonna have at least 2-3 signals for a session, even if it's very slow 1-2 signals. If you look at higher time frame or tick frame you'll see that it's still going side way. You need just 5-6 pts move to get your 2-3 pts out of the market

All I need is 1-2 winning trades a day. My daily goal is $100 or $400 a week so it might be -$100 one day but +$200 the next day. So all I need is just a couple points a day per contract. I just started to practice but I was able to get over 4-5 points for a couple days even with my poor trade management.

I tried scalping, sideway strategies before and I didn't like it. If you are interested you can check it out at Day Trading | Day Trading Strategies | Free Day Trading eBook. The give you scalping strategy for free and you can test it for yourself. The use 8 ticks range bars at ES and 16 ticks on 6E and you go for 2 ticks on ES and 4 ticks on 6E at the closing of the bar. It seems like a little profit target and you should get it every time but you have stop loss four times bigger than your profit. So you get your profit in 80-83% of the trades but even with that procentage you don't make money. With 80% you only BE and plus you have to pay your broker's fee. It's a good strategy until you get a loosing trade.

They have strategies for any condition of the market but after trading them for a year on sim and real money I didn't make any. The thing is you can be profitable for few weeks and then start loosing money and one of your loosing days could wipe off the whole week of profit or even more.

So I think if you want to make money when market ranging within 1-2 points you can try make some money on smaller time frame (you can see trends there), but for me it's better to stay out for 30-40 minutes and then get one or two winning trades and call it a day.

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skyfe
cincinnati united states
 
 
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hi, I use OEC Trader and I was hoping you would help me turn a regular MACD indicator into a MACDBB lines indicator. thanks for reading.

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 vovan348 
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Here is my new video. I'm trying to combine e-mini academy with reversal entries and this is what I've got.
YouTube - 4-27-2011 recap. Day Trading ES

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 Keithh 
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cory View Post
what do you think about authority?

I'm a member of the trading authority's triple threat course. Be interested to hear others experience with it. I'm still going through the course and have yet to apply it live. I'm struggling to get through it all to be honest. Seems like every week there's new content. Just when I think I've finished one section... there's a new 2hr video to watch in the last section. It's one step forward two back. Feels like I'll never finish it. The recent change over from NT6.5 to 7 hasn't helped things... just when I thought I had the charts set up... the old ones don't work in NT7 so it's back to recreating the layouts. Frustrates me no end. From what I've seen so far the bigmo strategy is similar to the nexgen, eminiacademy one. EMA cross over, confirmed with MACD cross and trend bars... enter on pullback to EMA. I really wish trading educators could summarize their course content and just give me what I need to know. Who wants to watch weeks of waffle on video pausing every few minutes to make notes. It's trading... not rocket science!

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skyfe
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vovan348 View Post
Here is my new video. I'm trying to combine e-mini academy with reversal entries and this is what I've got.
YouTube - 4-27-2011 recap. Day Trading ES

awesome videos man, they help me a lot haha. I am basically trying to do the same thing as you. keep making the videos man.

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 JS12 
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Well, good luck to you guys trying to make this work.

I have a feeling the vendor from Emin Academy doesn't even use the method he is selling.

He is making $5k a pop selling it to other people so why should he use it? And from what I understand it is a re-make of NexGen (which didn't work too well either from what I hear).

It's easy to sit there and look at a chart of yesterday's action and tell traders where the trades were. Anyone can do that. But let's see him do it in real time. On his blog when he puts up these videos he always points out these magical exit points, and they always seem to be exactly where the market turned. His entry technique seems valid though, but I don't understand how he always seems to get out of the trade at the best possible location. In real time, I would bet a lot of money on the fact that he can't do it the way he shows in his videos.

If you are going to make it work, I suspect you would have to revise the method from the way it is sold, as I have heard from many that they cannot make it work due to the subjectivity of the exits.

But I wish you guys good luck in trying. At least Vovan is honest with his videos, I just wonder how much money he will make.

Just my opinion.

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  #73 (permalink)
 jinhar 
mumbai maharashtra/india
 
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I read in an interview of Chris Dunn that he is making around 1.5 mil a year selling Emini academy courses so i dont think he needs to trade his system the only thing he needs to do is make it more attractive for new customers and increase the prices. ... and btw the subject of the interview was how to make an online business selling trading courses

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 JS12 
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jinhar View Post
I read in an interview of Chris Dunn that he is making around 1.5 mil a year selling Emini academy courses so i dont think he needs to trade his system the only thing he needs to do is make it more attractive for new customers and increase the prices. ... and btw the subject of the interview was how to make an online business selling trading courses


Sounds accurate to me. No way is he trading the method. If anyone is interested in signing up with him, they should ask to see his trading account statement first.

Somehow I don't think that would happen.

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 vovan348 
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I'm not sure if he's trading, or not. The only thing I know that we have to trade something because we've got nothing to sell. I see my future in trading and I don't really care if he trade his system or not. All I know I have to practice a lot and get profitable.

Thank you guys for positive feedback on my videos!!!

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 researcher247 
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Vovan,

Good work on doing your online 'video.'

I do them everyday as well, with annotations.

Very helpful and keeps you focused.

Learn everything you can from the method you are testing and trading and make it your own.

See if you can 'quantify' your edge and always strive for consistency.

peace

r247

p.s. always did those authentic russian accents!!

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 vovan348 
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researcher247 View Post
Vovan,

Good work on doing your online 'video.'

I do them everyday as well, with annotations.

Very helpful and keeps you focused.

Learn everything you can from the method you are testing and trading and make it your own.

See if you can 'quantify' your edge and always strive for consistency.

peace

r247

p.s. always did those authentic russian accents!!


Thanks a lot. I'm trying. It really helps when you call all your trades out loud (even if it's a mistake). I'm not ashamed of my mistakes and I hope that other traders can learn from my losses. I just made today's video. I'm gonna add link when it's done uploading.

Thanks again!!!

Here is the link:


and here is friday's video:

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 JS12 
NY
 
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vovan348 View Post
Thanks a lot. I'm trying. It really helps when you call all your trades out loud (even if it's a mistake). I'm not ashamed of my mistakes and I hope that other traders can learn from my losses. I just made today's video. I'm gonna add link when it's done uploading.

Thanks again!!!

Here is the link: YouTube - 4-28-2011 recap. Day Trading ES

and here is friday's video: YouTube - 4-29-2011 recap. Day Trading ES




Vovan, although I do think the EA method has flaws, you are doing a good job with your videos and trying to interpret the MACD.

If this is the method you are going to stick to, then my advice would be to look at 6E.

ES is like watching paint dry. Or at least have them both up so you can monitor them both at the same time.

It might make your day a little more exciting at least.

One thing I will say is that no matter what I think about the EA method, if you spend enough time with it, I guess like anything else, you will start to improve. I don't know that for sure, but what I do know is that any method takes a lot of practice to get good at.

The one problem I have found is that in a choppy market you can take a few losses before you realize that the market is choppy. But this will take time to notice with any method I guess.

Keep up the good work, I like the videos.

Maybe you should start your own thread though for doing the videos. Like your own journal perhaps. Just a suggestion.

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  #79 (permalink)
 vovan348 
Moscow
 
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JS12 View Post
Vovan, although I do think the EA method has flaws, you are doing a good job with your videos and trying to interpret the MACD.

If this is the method you are going to stick to, then my advice would be to look at 6E.

ES is like watching paint dry. Or at least have them both up so you can monitor them both at the same time.

It might make your day a little more exciting at least.

One thing I will say is that no matter what I think about the EA method, if you spend enough time with it, I guess like anything else, you will start to improve. I don't know that for sure, but what I do know is that any method takes a lot of practice to get good at.

The one problem I have found is that in a choppy market you can take a few losses before you realize that the market is choppy. But this will take time to notice with any method I guess.

Keep up the good work, I like the videos.

Maybe you should start your own thread though for doing the videos. Like your own journal perhaps. Just a suggestion.

That is the method I want to stick with. I tried another system earlier but I didn't feel comfortable with their stop losses. The system I'm using right now feels really good without huge losses. I gave the last system about a year and I think that is enough to move on and try something different.

What about ES moves, it's been pretty slow for last couple weeks, but the week before wasn't so bad. I know that CL moves much more but I want to try make money with a choppy market then it will be much easier with big moves.

I'm probably gonna start looking at 6e next week and see how it goes. I traded four markets earlier (ES, 6E, ZB, YM) but that was with old system and one single loosing trade at 6E could put me to -$200.00 and then I needed to get 4-5 wins just to get my money back or get one big move to BE. Now I feel more confident with what I'm doing and my losses should not be that big.

What about choppy market, I think I'm getting better. I use 30 and -30 lines on the MACD to see if trend is strong enough for me to get in or stay out.

I just don't think I'm good enough to start my own thread. May be in a month or so!!!

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  #80 (permalink)
 researcher247 
Chicago, IL
 
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Vovan,

Yea; you really have to be comfortable with the size of your stop loss--I agree.

There is no need to trade a method with a high inverted reward:risk ratio.

Small losses, scratches, moderate losses will not break you.

When you factor in large wins, moderate wins and small wins (without a BIG loser) you ensure you'll never get hurt too much in terms of $$$ and equally important your psychology won't take large hits either.

Large losses and poor reward:risk are very powerful negative reinforcements in trading.

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 JS12 
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Vovan,

I think one other thing you need to work on with this method is how are you going to exit? In other words, come up with a solid exiting strategy.

From the people I have spoken to who have taken the EA course, they have all said the same thing. The exits are very discretionary, and if you keep changing your strategy, you will get burned.

This is the problem that I have with the vendor's videos on his blog. If you notice, he ALWAYS exits the trades at the best possible location, and this is unrealistic. He's got about 10 different points of exit, but yet he always manages to pick the right one. This is where the method becomes flawed in my opinion.

Let me explain...

If you watch his videos, these are his exits spots. Sometimes it's the 61% Fib Ext., sometimes it's the 100% Fib Ext, sometimes it's the Outer band, other times it's the TML. Sometimes it's a support or resistance level, sometimes it's when the MACD BB's show him divergence. Have I covered them all yet? There might even be a few I am forgetting. Oh, and sometimes he exits the trade on his full amount of contracts and other times he exits half of them, and let's the other half run.

The point here is, how does he know which one to pick? It is my opinion that he does not trade this strategy, and does NOT know which one to pick either. This is why it's easy to sell the course, and on the videos show the best possible exit point. Then newbies look at the video and think this guy is awesome, when in reality it is not possible to exit this way in real time.

So basically, my suggestion to you would be to come up with a plan and stick to it. That will be the only way you will really figure out if this method is working for you.

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 vovan348 
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Thanks for the advise!

I know that I have problems with entries and exits.
They have tree management plans. CT, BT and MT. Here is the video with statistic YouTube - Emini Trading Recap with max potentials

CT is for beginers with fixed 2 pts. profit and I tried to use it but a lot of times it would touch my profit target and revers. That's why I'm trying to exit if I see price reversing.

With BT (base line) you trailing your stop behind TML or MB or any other S/R lines. You can also move your stop after higher low/ lower high when it makes new higher high/ lower low. I've seen him also trail stop loss 2-3 ticks away after it ran over 62% extantion. He call it squeezing the price.

MT as I understand from videos when you add to you position at pull backs and then exit at 100% target.

I saw also he takes half of the position out at pull back with divergence and second half get stopped or runs for bigger profit if divergence gets broken. Some times he takes all off that out at divergence.

The outer band usually 62% (first target) if market moves. That's why he talks about outer band as a fist profit target.

Also I've heard them talking that after 38% retrasement it runs to 100% extantion. I believe 50% work the same way.

That's a lot of management for me and I usually over manage my trades. I know that I should come up with one strategy that works for me but I didn't find anything yet. My problem is that I'm jumping from one strategy to another and cannot stick with just one plan. I'll work on it and hopefully find something soon that works for me well.

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  #83 (permalink)
 vovan348 
Moscow
 
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JS12 View Post
Vovan,

I think one other thing you need to work on with this method is how are you going to exit? In other words, come up with a solid exiting strategy.

From the people I have spoken to who have taken the EA course, they have all said the same thing. The exits are very discretionary, and if you keep changing your strategy, you will get burned.

This is the problem that I have with the vendor's videos on his blog. If you notice, he ALWAYS exits the trades at the best possible location, and this is unrealistic. He's got about 10 different points of exit, but yet he always manages to pick the right one. This is where the method becomes flawed in my opinion.

Let me explain...

If you watch his videos, these are his exits spots. Sometimes it's the 61% Fib Ext., sometimes it's the 100% Fib Ext, sometimes it's the Outer band, other times it's the TML. Sometimes it's a support or resistance level, sometimes it's when the MACD BB's show him divergence. Have I covered them all yet? There might even be a few I am forgetting. Oh, and sometimes he exits the trade on his full amount of contracts and other times he exits half of them, and let's the other half run.

The point here is, how does he know which one to pick? It is my opinion that he does not trade this strategy, and does NOT know which one to pick either. This is why it's easy to sell the course, and on the videos show the best possible exit point. Then newbies look at the video and think this guy is awesome, when in reality it is not possible to exit this way in real time.

So basically, my suggestion to you would be to come up with a plan and stick to it. That will be the only way you will really figure out if this method is working for you.

Thanks JS12!

I've been thinking about exit strategy for my method over the weekend and also about reversal entries. EA don't take any reversal trades and they take only continuation trades from the MB. So I didn't really have any rules made for entries and I couldn't use fib extantion for exits. I had to come up with the system that gets all of those trade with the same exit rules.

Another thing I was thinking about was entries. Last week market was really slow and I didn't have a lot of signals with EA strategy. Even this morning I attended a free class with EA and according to their software we had one signal marked at the chart but that didn't have an entry pattern and second one didn't have RvR ratio. So looking at the ES chart you can see that this morning we had 3-4 points movements and we didn't have any valid entry signals. They said that market was just choppy and it didn't respect their areas.

So I had to come up with my own areas and my own rules.

I replaced TML with trigerlines (80;20) and I added swing indicator that shows me highs and lows that gives me a reason to move my stop loss or just close my position.

I tried it today and I made 6.25 points with the "choppy market" like they said. I've made video with my trades and I'll add link when it's done uploading.

Here is my video with new indicators:

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  #84 (permalink)
 pchofard 
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Hey guys somebody could help me, how can i use these trigger lines? One is 80 and the other one is 20? I liked that chart, but i dont know how to this set up, and i am not understanding the entry points.... Thanks,
Pierre

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 vovan348 
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pchofard View Post
Hey guys somebody could help me, how can i use these trigger lines? One is 80 and the other one is 20? I liked that chart, but i dont know how to this set up, and i am not understanding the entry points.... Thanks,
Pierre

You can find some information at nexgen website. Fibonacci Day trading software - NEXGEN Software Systems :: Main. There are manuals and videos about their entry rules.

In my trading I replaced TML with trigger lines. I was taking trades from Mid Band of EMA based Keltner (55EMA) but price had to be on the trade side of Trigger Lines (or inside).

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  #86 (permalink)
 Ben16JP2 
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I was at their free webinar today, and a few very good questions where posted in the chat window then suddenly disappeared so I am a little suspicious.

I asked if I could look at their trade room for a week before I made my decision and that was one of the questions that dissappeared.

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  #87 (permalink)
 dlatbm 
Sydney Australia
 
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Ben16JP2 View Post
I was at their free webinar today, and a few very good questions where posted in the chat window then suddenly disappeared so I am a little suspicious.

I asked if I could look at their trade room for a week before I made my decision and that was one of the questions that dissappeared.

well, these webinars are sales pitches so they are not going to let you spoil/scare a group's potential buyers. Chris is a skillful salesman. My comments are not about the product, though, as I do know it enough to comment. However, as per vovan's comments, there are enough hints on the internet to come up with a similar, if not the same system. Then, you have to trust to trade it and that is the most difficult part.
good luck

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 ArtVandelay 
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I think they are getting a bit desperate. I received an offer to pay half of the price advertised during the webinars, around 2000$. Of course with the usual salesman BS that I'm one of the few selected and the order expires in 32 hours, complete with a ticking clock. Turns out that clock resets daily. I'll just wait a few months if they slash it to 10$ I'm in.

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  #89 (permalink)
 vovan348 
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ArtVandelay View Post
I think they are getting a bit desperate. I received an offer to pay half of the price advertised during the webinars, around 2000$. Of course with the usual salesman BS that I'm one of the few selected and the order expires in 32 hours, complete with a ticking clock. Turns out that clock resets daily. I'll just wait a few months if they slash it to 10$ I'm in.

This is what I'm gonna say. I really thought about buying their software a while ago. Then I started to look around trying to find something similar. When you are new to trading their system seems very attractive. Nice software that shows you entries. Don't have to think a lot, just buy it and start making money.

I didn't know a lot about trading so I was trying to find some rules or magic indicators. Now I can tell you that their system is nothing but taking trades from 55EMA.

They use EMA based Keltner (Mid Band = 55EMA). There is one in download section made by @FatTails. That one even better because you can change MAs. You don't even need outer bands because they never take counter-trend trades. So just 55EMA would be enough.

I'm not sure why they are using MACDBB. Probably to make it look more complicated. I've never heard them saying anything about Bolinger Bands. All they are looking at is location of MACD and divergences. You can download MACDBBlines made by @FatTails (again) or regular MACD can give you the same information.

TML was a biggest secret for me but it's just a LinReg(89). It changes color when it crossed by 52EMA of that LinReg. For that purpose you can use TriggerLines made by the same guy.

So if you wanna see if it work just take trades from 55EMA and get target from Fib Extensions.

How much do you think everything that I just said worth? Would you pay me $2000?

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  #90 (permalink)
 Kingsley 
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Hi Vovan348,

Do you know what make the Keltner Channel change color?

Rgds,
Kingsley

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  #91 (permalink)
 vovan348 
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Kingsley View Post
Hi Vovan348,

Do you know what make the Keltner Channel change color?

Rgds,
Kingsley

I'm not sure about that one. It have never been a big thing for me. I think about two things.

1. They had momdots indicator before and that would give you green or red dot if all three thing are in the favor of the trend (above/below MB, above/below TML, MACD is above/below ZL). And it would give you grey dot if one of those is on the wrong side.

2. It could be dow theory calculating Highs/Lows. You can try this indicator.

But as I said that's not a big deal.

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  #92 (permalink)
 Leo123 
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Vovan, do you have any templates to share with us`?
I really like your videos

Leo

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  #93 (permalink)
 Tanju23 
Riverview Fl
 
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Just to let everyone know.....I'm not a paid sponsor.....but I have been doing really well since following their training and trading real money. Chris Dunn and associates are well equipped in their in their trading/training knowledge.

Sent from my Sprint Galaxy Nexus CDMA using Tapatalk

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  #94 (permalink)
 JS12 
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Tanju23 View Post
Just to let everyone know.....I'm not a paid sponsor.....but I have been doing really well since following their training and trading real money. Chris Dunn and associates are well equipped in their in their trading/training knowledge.

Sent from my Sprint Galaxy Nexus CDMA using Tapatalk


I was with them for a while. I couldn't make it work, and I couldn't find anyone else who made it work.

There were days when the method worked very well, but then there were days when I got killed.

It only works in a trending market. On choppy days you will get killed. Not sure how long you have been using it, but at some point you will see what I am talking about.

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  #95 (permalink)
 JS12 
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Just wanted to add one more thing. When I asked Chris Dunn to show me his statements, he refused.

Basically, this is a very streaky method. Chris will be able to show you days where he absolutely made a killing. And those days are real. I was there.

However, he conveniently forgets about the days where you get killed, and always comes up with an "excuse" as to why those trades would not have been entered.

Show me any choppy day, and I will prove to you that the method doesn't work.

Not trying to challenge anyone here, just trying to save people a lot of time and money.

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  #96 (permalink)
 Cloudy 
desert CA
 
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I recently came across Dunn's youtube video "Myths vs. Facts". How To Day Trade (Part 1) "Myths vs. Facts" - YouTube posted on Mar 20th


ArtVandelay View Post
I think they are getting a bit desperate. I received an offer to pay half of the price advertised during the webinars, around 2000$. Of course with the usual salesman BS that I'm one of the few selected and the order expires in 32 hours, complete with a ticking clock. Turns out that clock resets daily. I'll just wait a few months if they slash it to 10$ I'm in.

Thanks to the review posts here; saved me time.

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  #97 (permalink)
 Magiklair 
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Hello, has anyone tried the E-mini Academy courses as of late? In the last year...
Any feedback would be great!
Brian

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