Got an email today from Ninja advertising these guys and came across this indicator on the site NinjaTrader Indicators Trend Software-Emini Forex Stocks-NinjaTrader
Now have had a rough week myself and maybe this post represents my state of mind.....with some grail searching..... but anyone have any experiences ?
I'd have to agree with RJay. Only because I've done the same thing numerous times and wasted a lot of money. Each time I'd have a bad day or a rough week I'd figure that I'd have to cough up some money for more education. Not that there is anything wrong with education. But I had already had a lot of training and simply did not have the discipline to follow it. The answer is usually not "out there" it is "in you"
The following 2 users say Thank You to Jeff Castille for this post:
I think that many of us here will think the same.
Bad weeks happens, but it's not a good reason for buying a new indicator.
Does these new things will have change a bad week into a good one ?
You may try to see what was wrong in your trades this week, and maybe spend some time to read this post (and some others in the psy/mm section).
BUT, franky seems to know this, and asking informations for a new set of indicators is not a crime .
I didn't test them, and I will not write any comments about this kind of firm (I don't want to be rude...).
Appreciate the feedback. It is a fair point and does have some truth in it...instead of facing up 'within', I immediately look for the answer from a vendor.
Though the attraction to the indicator, tbh, was'nt just (me thinks.. ) the idea of a cure for the week but more thinking to reduce the number of indicators that I currently have displayed, and instead, having a single one that combines several. Hmmm maybe I am still in denial......
There is no way the indicator picks tops and bottoms like in their example. It might get lucky now and then but I'm sure there are more failed trades. For one everything they use is suspicious except the bid/ask analysis. That's about the only thing useful in their list.
I'd rather spend $100 to join their chat room for a trial and see how I liked it. If they made money then I'd be interested. Hopefully you could learn at least one thing for your $100.
The following user says Thank You to cunparis for this post:
i agree with cunparis if you need a new direction to go then show us what you are working with and give us some examples of your entries and let a few different people brainstorm and see how they can help you for free...sharky
Looks like it would do exactly the same as free indicators like T1Average and HullMA and DoubleMAPaint.Basically its targeted at noobs anyone been trading for a few years who hasn't completely lost there shirt would know its the same as free indicators.
Thanks cunparis and sharky, good advice. Tbh not at a crossroads yet. But might be interesting to post a chart.....I have a fair number of standard indicators on my charts...some even I dont refer to anymore yet am averse to removing then...(like an old friend I guess). Mainly, look for divergences with macd with confirmation from time and/or support/resistance.
Could you demonstrate this? Could you come up with an indicator combination and that enters and exits at similar bars to those shown in the examples on the website? I'm betting it's not easy and even if one could I bet it would take hours and hours. What I'm saying is even if this isn't the holy grail of indicators, it could still have value. If it would take me 20 hours to develop the same thing then might as well buy it.
I'm not recommending it because I think one can be successful with price and volume and just a couple indicators. My train trading system for ES has only 1 price indicator. I've compared it to using stochastics and I got similar results. I could probably trade it with stochastics, macd, rsi, or anything else.
Whenever I post a chart of my trades, people are able to find reasons that I shouldn't have taken some of them. For me it's not the trades I missed that hurt me, it's the trades I took that I shouldn't have. I posted a chart in Jeff's thread and showed him a trade and he pointed out that it was a test of the low and not a good point to go short. So now I'm looking out for that.
In the beginning I didn't post charts cause I thought I had an edge in my indicator combinations and settings. Now I realize that I could explain what I do to everyone and give them my charts and they wouldn't be able to duplicate my results. The reason is there is a lot more to it than indicators. You have to know how to use them, when, and most importantly when not.
Your description sounds like a good approach to me. I love divergences.
Also one final thing, I took a break from my regular ES trading because I lost my mojo. After 2 months of being consistently profitable I was losing money. I'm still figuring out what went wrong but I think a lot of it has to do with the summer months being lower volume and more volatile. And the second reason is I stopped analyzing all my trades every night. So I plan to start again on sim after labor day. So if you've been doing bad lately don't beat yourself up, it could just be the summer or it could be something you changed. Like if you're doing well you stop doing something thinking it's no longer necessary and it turns out that was the reason for your success.
Yeah, if it's been working so well and "is now available for traders," then why isn't the author simply keeping it to himself and making his own bank on it? Shouldn't have to worry about getting $325 from trader(s) for it.
I know more than one successful trader who sells indicators. There are lots of reasons why they might want to sell it:
Another source of income
Want to help other traders
Like making a product
Could be a hobby
Could get feedback on it from clients
Etc.
In my experience, just an indicator alone isn't enough to be profitable. You have to learn how to trade. The indicator is just a tool.
Bottom line: You don't need to purchase any indicators to be successful. But if you want you can purchase a specific indicator if it fills your need and saves you time of having to develop it yourself. But it's not ok to buy it thinking it'll make you profitable without hard work.
The following 2 users say Thank You to cunparis for this post:
That indicator for Ninja is the MACDBBlines... just modified - I have been playing around with the settings and think I have almost got it - Maybe someone here can get it figured out...
First is their chart -
The chart below is just me fooling around but you can see the similarities, just haven't found the right combo as yet....
This is another scam that should be shut down. I see him on Twitter with his idealized charts and profitable signals. As you said, just setup a UniRenko chart with the Supertrend strategy or indicator and you'll see how fast you can lose your money.
The following user says Thank You to phantomtrader for this post:
Did you go thru all the training videos and training documents first to learn about market timing and best days to trade before trying to trade the system?
Or did you just jump right into trading the system without learning how to use it first?
The following user says Thank You to Renko123 for this post:
.
) the idea of a cure for the week but more thinking to reduce the number of indicators that I currently have displayed, and instead, having a single one that combines several. Hmmm maybe I am still in denial......
