I bought the monthly subscription for the indicators and had access to the room
What he doesn't tell you is that to close the trade as shown in the videos you need the fib dots which are sold separately from the indicator package for $300 and without the fib dots you have no way of knowing when to close
Also he only sends an email update when he indicators work which happens maybe once every 2 weeks
Most of the time you get losing signals and when you ask him he will instruct you to clear all NinjaTrader data on your PC
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The following user says Thank You to tamerrashdan for this post:
Actually nevermind, I think I found a vendor that created the charts that these guys use.
Jay Wireman is a master rip off artist for sure.
Wonder how many futures.io (formerly BMT) indicators he has also renamed his own.
Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
Didn't you post this rant on another thread?
My beef isn't with NinjaTrader or their ecosystem...my beef is with people who clone futures.io (formerly BMT) stuff and then charge money for it.
There is no such thing as "poor traders"...that makes it sound pathetic.
If you don't do your due diligence before spending your hard earned money on yet another indicator...then you are the sucker that people spot a mile away.
NinjaTrader Ecosystem actually does have some pretty awesome vendors, and for the most part I enjoy their presentations.
Jay Wireman may be a ripoff artist...but his presentations are outstanding.
Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
The following user says Thank You to SpyderTrader for this post:
Thanks but great presenters don't make money for their customers
There is a huge variance in your statement and maybe if you think things through it is the great presenters that tell you how great their system is and then when you buy it to only see it wont make you the money
I like honesty and a system that works as my bills are not paid by great presenters
SOT JJ
Day trading
Oil Money- Scott Morris
These are just few who are great presenters but yet their system sucks
His SYM Renko bar type is nothing more than something similar to Unirenko with the Heiken Ashi attached to it. So when you use his signal on CL for example and you get a short signal arrow at let's say 58.57, than the actual price is already at around 58.47 or .46 or .45, which will NOT get you in where the signal actually triggered, unless of course CL retraces.
On the bright side, his Market profile is superior! I have never seen a better market profile than his.
In regards to his signals, yes, obviously you won't get them all right (no system does), but there is something called a corrective wave and a motive wave (you can see these at his site) with the motive wave being the best one.
So once CL breaks out of market profile and retraces (this is a motive wave, with 5 min. trend) and you get a blue buy dot, that is the best signal you can get. But again, doesn't work all the time.
Jay signal btw, works best on FDAX and CL. Not so well on TF or Gold (unless big news came out and they move hard).
Hope that helps (sorry, no magic pill
The following 2 users say Thank You to emazing for this post:
Yes, I agree. The Sym Renko is the modified Unirenko married to a Heikin Ashi. I was impressed by his market profile as well and am hoping someone on BM can help decipher the MP and share it.
Site Administrator Swing Trader Data Scientist & DevOps
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Market Profile is subjective, like everything else in trading.
Stop wasting your time with vendors and rooms and services looking for "best levels" and other such nonsense, and instead start learning to think for yourself and interpret things in your own way. You will never be successful otherwise.
