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Has anyone ever heard of eminisniper.com?


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Has anyone ever heard of eminisniper.com?

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  #111 (permalink)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


MetalTrade View Post
I entered on the exact same way you should enter, just like they enter in the room. On the exact same price level. Stop limit orders.

They are saying that December was great, but January is not. Well, I'm trading in January, not in last month. I don't care about my trades in December, that was December. I care about my current trades now.

Every method has periods of drawdowns, as you know. Since this vendor doesn't post historical perfomance, you can't know how painful things can get.

At what point will you abandon it?

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  #112 (permalink)
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
 
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Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 923 received

hmm, without showing anything what someone talks about here (trades / charts .... ) negative storys are the same as positive storys for me : pushing , bashing, useless.
this doesnt help any one here .

just my 2 cent.

max-td
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  #113 (permalink)
 
 
Posts: 1,081 since May 2010


Good question.

I would love to have some winners now. I made up the loss with other trades. But that's not how it works right ?

I will be the first to tell here if it's working again :-)

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  #114 (permalink)
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker: Several
Trading: ES CL ZB
 
Posts: 374 since Dec 2009
Thanks: 225 given, 380 received


Tundi View Post
Why do you think your results differ from others?

Because he's probably not a new / struggling trader and is not mesmerized by charlatans who put a system on the market, then for example:
1. Have 2 moderators, neither of whom trade the system the same way.
2. Continually pass on setups that are valid according to their rules.
3. Often take trades that are not valid according to their rules.
4. Trade single contracts with, for example, a 6 to 8 tick target and then explain they often only get 1 setup per day. (Look at their Youtube video and then decide if you think that represents 1 or 2 setups per day.) Then do the math with a single contract and 1 or 2 setups per day (most of them losing lately) and decide if what they are making is going to further your financial cause.
5. Foolishly play "whack-a-chart" looking at way too many markets, missing setups while looking at products they do not trade, and then pointing out the winning trades that they missed on the markets their method is marketed to work with.
6. Changing the system already. (One guy is using one type of candle, the other guy switched to another.)
7. Explaining to the room their poor performance is due to the fact that the markets are "really quiet" or "just not moving" when each day over 300,000 contracts are trading on both their primary markets, it's the first week of January, and there have been ample extended moves in both directions every day.
8. Started taking trades on CL for the first time (according to one of the moderators) just this week and seem really amazed by CL volatility.
9. Actually asked the students in the room if there was any news events to be aware of when trading CL.

Very nice and friendly guys, and quite clear they are not making their money from trading.

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  #115 (permalink)
Washington, DC
 
Experience: Intermediate
Platform: Ninja and TOS
Broker: Ninja
Trading: CL, ES
 
Posts: 93 since Dec 2009
Thanks: 110 given, 58 received


timefreedom View Post
Because he's probably not a new / struggling trader and is not mesmerized by charlatans who put a system on the market, then for example:
1. Have 2 moderators, neither of whom trade the system the same way.
2. Continually pass on setups that are valid according to their rules.
3. Often take trades that are not valid according to their rules.
4. Trade single contracts with, for example, a 6 to 8 tick target and then explain they often only get 1 setup per day. (Look at their Youtube video and then decide if you think that represents 1 or 2 setups per day.) Then do the math with a single contract and 1 or 2 setups per day (most of them losing lately) and decide if what they are making is going to further your financial cause.
5. Foolishly play "whack-a-chart" looking at way too many markets, missing setups while looking at products they do not trade, and then pointing out the winning trades that they missed on the markets their method is marketed to work with.
6. Changing the system already. (One guy is using one type of candle, the other guy switched to another.)
7. Explaining to the room their poor performance is due to the fact that the markets are "really quiet" or "just not moving" when each day over 300,000 contracts are trading on both their primary markets, it's the first week of January, and there have been ample extended moves in both directions every day.
8. Started taking trades on CL for the first time (according to one of the moderators) just this week and seem really amazed by CL volatility.
9. Actually asked the students in the room if there was any news events to be aware of when trading CL.

Very nice and friendly guys, and quite clear they are not making their money from trading.

Timefreedom - I could not have said it better. I have been with them since they started and you hit the nail on the head with all of your concerns. There is no doubt in my mind that they have not been using this system very long and they have probably created it just to open a room.

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  #116 (permalink)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received


timefreedom View Post
Because he's probably not a new / struggling trader and is not mesmerized by charlatans who put a system on the market, then for example:
1. Have 2 moderators, neither of whom trade the system the same way.
2. Continually pass on setups that are valid according to their rules.
3. Often take trades that are not valid according to their rules.
4. Trade single contracts with, for example, a 6 to 8 tick target and then explain they often only get 1 setup per day. (Look at their Youtube video and then decide if you think that represents 1 or 2 setups per day.) Then do the math with a single contract and 1 or 2 setups per day (most of them losing lately) and decide if what they are making is going to further your financial cause.
5. Foolishly play "whack-a-chart" looking at way too many markets, missing setups while looking at products they do not trade, and then pointing out the winning trades that they missed on the markets their method is marketed to work with.
6. Changing the system already. (One guy is using one type of candle, the other guy switched to another.)
7. Explaining to the room their poor performance is due to the fact that the markets are "really quiet" or "just not moving" when each day over 300,000 contracts are trading on both their primary markets, it's the first week of January, and there have been ample extended moves in both directions every day.
8. Started taking trades on CL for the first time (according to one of the moderators) just this week and seem really amazed by CL volatility.
9. Actually asked the students in the room if there was any news events to be aware of when trading CL.

Very nice and friendly guys, and quite clear they are not making their money from trading.

That's a bad report card if true.

The last sentence comes as no surprise.

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  #117 (permalink)
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,336 received


timefreedom View Post
Because he's probably not a new / struggling trader and is not mesmerized by charlatans who put a system on the market, then for example:
1. Have 2 moderators, neither of whom trade the system the same way.
2. Continually pass on setups that are valid according to their rules.
3. Often take trades that are not valid according to their rules.
4. Trade single contracts with, for example, a 6 to 8 tick target and then explain they often only get 1 setup per day. (Look at their Youtube video and then decide if you think that represents 1 or 2 setups per day.) Then do the math with a single contract and 1 or 2 setups per day (most of them losing lately) and decide if what they are making is going to further your financial cause.
5. Foolishly play "whack-a-chart" looking at way too many markets, missing setups while looking at products they do not trade, and then pointing out the winning trades that they missed on the markets their method is marketed to work with.
6. Changing the system already. (One guy is using one type of candle, the other guy switched to another.)
7. Explaining to the room their poor performance is due to the fact that the markets are "really quiet" or "just not moving" when each day over 300,000 contracts are trading on both their primary markets, it's the first week of January, and there have been ample extended moves in both directions every day.
8. Started taking trades on CL for the first time (according to one of the moderators) just this week and seem really amazed by CL volatility.
9. Actually asked the students in the room if there was any news events to be aware of when trading CL.

Very nice and friendly guys, and quite clear they are not making their money from trading.


I also bought the system just to check it out because it was very inexpensive, and I've written an indicator with the rules as I understand them. Using HeikenAshi bars with the strict rules it is not profitable, and breaks even if I add a coupe of my own filters. Using Range bars it loses money no matter how I traded it.

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  #118 (permalink)
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
MWinfrey's Avatar
 
Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received

today's 6e 3 range chart had 3 divergence trades and 2 wins, 1 loss.
long at 5:45 am central, winner
long at 6:38 am central, loser
long at about 10:48 am central, winner

That's the way I see it.

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  #119 (permalink)
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,336 received


MWinfrey View Post
today's 6e 3 range chart had 3 divergence trades and 2 wins, 1 loss.
long at 5:45 am central, winner
long at 6:38 am central, loser
long at about 10:48 am central, winner

That's the way I see it.


Can you show your chart entries, I'm not sure I see them.

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  #120 (permalink)
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
MWinfrey's Avatar
 
Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received


entries that I mentioned earlier. I'm not including the indicators for the same reasons others have mentioned. However, I marked the entries on a clean 3 range chart. If you have the system, then you can look at your chart to confirm.

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