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Channel-Trading


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Channel-Trading

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  #41 (permalink)
Zurich, Switzerland
 
Experience: Advanced
Platform: Market Delta, Ninjatrader
Trading: Bund, 6E, FDAX, ES
 
Posts: 13 since Apr 2010
Thanks: 14 given, 15 received

The other was Chris from fulcrumtrader.
He actually had an account statement to show while he was trading at Velocity futures. The account was from now a friend of mine (Jake). It was very limited time, maybe like 6-8 weeks of "track record" where he made like 20% profit but with ultra high risk.
We started him out with a daily max loss limit of 5k or so. I dont remember exactly but he had position limits of maybe 5 FDAX contracts, 10 ES etc.
ON THE VERY FIRST DAY he would go in an short 3 FDAX, add 2 more, .... ADD another 3, add another 5. When he was at 15 contracts short and the market was still going against him we had to kick him out of the trading platform! I then spoke with him and he said that this would not happen anymore. He gave some silly excuses like he thought he could buy/sell as many contracts as wanted as long as he stays below the daily loss limit... LOL...
The next 3 days there was not 1 trade where he did not violate the agreed risk parameters until we fired him!
Thats about how it happend. Its about 3 years ago so I dont remember the very details but he was trading like a complete maniac. He always mentioned his "accordion" but its basically nothing than an average down method.
He lost about 20-30k or so and after 1 week of "trading" we had seen enough!
Unfortunately he also blew out the total account of my friend Jake. He is yet to "refund him" LOL ... Never heard since from the guy!
He is a scharlatan who can not trade. Point!

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  #42 (permalink)
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 157 since Jun 2009
Thanks: 186 given, 121 received

I see, so its probably you made a comment in Ray Barros blog, I posted it here in futures.io (formerly BMT) and this was Chris response.



FulcrumTrader View Post
I was told about this other thread/post some time ago and it is not accurate - I have never in my life traded for any prop firm so I have no idea where someone came up with that one (and I have never traded the Accordion in any prop group). I traded for a private equity group for about a year, and we had monthly returns of 3.3% to 8.1% in all the months I was there - never ever traded prop. Also, as I have mentioned here before...I am no longer a part of FulcrumTrader since that was taken over completely by the TradersHelpDesk group.

Currently, I trade my own funds and I have been working on a Kitplane project which I have wanted to do for some time. In the couple of years I was running FulcrumTrader, I met and interacted with some really great people - and there were about 3 that I have had disputes with for various reasons (sometimes people tick you off and you just don't want to deal with them). All in all, I am glad I set up FulcrumTrader to demonstrate a method for using Cumulative Delta. In the end, trading is an individual sport so each trader has to ultimately figure out (on their own) how to handle their personal trading - and this of course is everyones challenge.


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  #43 (permalink)
Zurich, Switzerland
 
Experience: Advanced
Platform: Market Delta, Ninjatrader
Trading: Bund, 6E, FDAX, ES
 
Posts: 13 since Apr 2010
Thanks: 14 given, 15 received


yeah that was me!
To be straight, Chris is lying. He traded for us and I could easily prove that... Actually not so easily as I would have to search through my old laptop and find the emails, agreements etc. I could prove everything. However I dont see any need to spend a few hours of time to search through my emails because of another lying vendor crook...

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  #44 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,002 since Jun 2009
Thanks: 831 given, 7,841 received


Swisstrader1 View Post
yeah that was me!
To be straight, Chris is lying. He traded for us and I could easily prove that... Actually not so easily as I would have to search through my old laptop and find the emails, agreements etc. I could prove everything. However I dont see any need to spend a few hours of time to search through my emails because of another lying vendor crook...

since you make the accusation you do have duty to supply the proofs.

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  #45 (permalink)
Tucson
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage5
Trading: CL, YM
 
Posts: 170 since Jan 2011
Thanks: 127 given, 167 received

Huddy vanished....


Ben16JP2 View Post
Does anyone know if Huddy's Room is still open?

I heard he has been out for a little while and hard to get a hold of.


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  #46 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,002 since Jun 2009
Thanks: 831 given, 7,841 received

this is true channel trading


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  #47 (permalink)
GG
Houston, TX
 
Experience: Advanced
Platform: Market Profile, Jigsaw, NinjaTrader, ZenFire, DTN IQ, Market Delta
Broker: Mirus/Zen-Fire & TD Ameritrade
Trading: futures, options
 
click03's Avatar
 
Posts: 17 since Feb 2010
Thanks: 115 given, 19 received

Does anyone know if his indicators are available to purchase anywhere? I noticed he had teamed up with Ninjatrader. I am especially interested in the Delta divergence indicator. Haven't been able to find one anywhere.

Thanks all.

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  #48 (permalink)
Austin Texas USA
 
Experience: Beginner
Platform: TOS
Trading: CL
 
Posts: 3 since Aug 2012
Thanks: 3 given, 1 received

Anyone know where I can buy the software Kevin Hudson used to sell in his Channel Trading room?

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  #49 (permalink)
Tucson
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage5
Trading: CL, YM
 
Posts: 170 since Jan 2011
Thanks: 127 given, 167 received

I have some friends that were closer to Huddy than me, I have asked them, but I doubt that they have the keys. I will write if I find a positive answer. His stuff was not that great. You can find adequate substitutes in Big Mikes, IMHO

Good Luck
Bob




click03 View Post
Does anyone know if his indicators are available to purchase anywhere? I noticed he had teamed up with Ninjatrader. I am especially interested in the Delta divergence indicator. Haven't been able to find one anywhere.

Thanks all.


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  #50 (permalink)
Tucson
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage5
Trading: CL, YM
 
Posts: 170 since Jan 2011
Thanks: 127 given, 167 received


The programmer is willing to sell lifetime licenses for the software . The bundle would be Profile Max, Accumulatre Delta and VWAP. Let m know if you are interested... Actually, I dont think that we are supposed to sell anything on BigMikes, so we will have to connect outside of the site.

Thx
Bob




click03 View Post
Does anyone know if his indicators are available to purchase anywhere? I noticed he had teamed up with Ninjatrader. I am especially interested in the Delta divergence indicator. Haven't been able to find one anywhere.

Thanks all.


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