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Has anyone ever heard of eminisniper.com?
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Has anyone ever heard of eminisniper.com?

  #151 (permalink)
Elite Member
Dallas,TX
 
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Monpere

2 or 3 bar divergence - would be burned out with slippage for these quick entries ? unless you submit a lmt order and live with whether it gets filled or not

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  #152 (permalink)
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Bala, PA, USA
 
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emini_Holy_Grail View Post
Monpere

2 or 3 bar divergence - would be burned out with slippage for these quick entries ? unless you submit a lmt order and live with whether it gets filled or not

The bar setup has nothing to do with your trade parameters. You can trade a 2 bar divergence on a 3 range chart or a 250 range chart. I you are entering the trade looking for a 125 ticks target then 1 or 2 ticks slippage is nothing. If your target is 4 ticks, then 1 tick slippage is 1/4 of your profit. I trade 6 or 8 tick targets, and I do not accept any slippage on my entries. You have to go with a stop/limit order, if it is not filled, then wait for the next trade.

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  #153 (permalink)
Trading Apprentice
Vancouver BC
 
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wgreenie View Post
The Sniper thread or system has been gaining more visibility. Some did purchase .. some are considering .. and some want to create a similar set-up on their own. Let's respect one's personal choice.

What have been said are legitimate. We have hundreds of indicators available everywhere. One just needs to decide what to use and creates his/her trading system. I can tell the paid subscribers are a little upset when there's a post trying to guess the set-up details. It's a very normal reaction as these happy campers consider themselves as part of the Sniper family. No worries .. guesses are guesses.

I believe Stacey's sharing does not mean to violate any intellectual property. Rather more on feeding the curiosity raised. To have an effective/profitable set-up for less than $100 (+ free room access for a month) certainly aroused skeptical first impression. Please bear in mind that it's a special intro offer (very common practice for a new business) and will end soon.

When I read the eBook for the first time, I had the same thought too. If you have visited my thread, you will notice my never-ending efforts in searching an almost 100% profitable system with fancy indicators. I had been using tons of indicators to double- and triple-confirm a signal. I loved having safety wheels (hundreds of them if I may) so that I would not lose.

It's all in past tense now that I am happy with a simple method yet effective. It's a breakthrough for me that I can trade with 2 lines for trend direction and 1 osc indicator. Will it be for you? It really depends on your trading style and preference.

Beth

Beth,
Just wondering what instrument you have been trading with these e mini sniper people .. 6E ?; I see you mention the TF in your bio; I have had no success with ES as seems too range bound for my taste and I suspect too many computer systems chasing it; so, using a mixture of other ideas from other rooms that have paid for over the years, and my own indicators have gotten used to TF with some success; also YM; I do find that sort of getting to "know your trading instrument" is almost as important as your indicators and methology; this one interests me as by all accounts is clear and simple; however am a little loath to switch to the 6E. Also as I am a "reads the manual" type of person interested in getting their manual to ponder over; is it well written and clear...??
Also are you still as enthusiastic about it...?? and profitable..??
rg

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  #154 (permalink)
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Volts101 View Post
Beth,
Just wondering what instrument you have been trading with these e mini sniper people .. 6E ?; I see you mention the TF in your bio; I have had no success with ES as seems too range bound for my taste and I suspect too many computer systems chasing it; so, using a mixture of other ideas from other rooms that have paid for over the years, and my own indicators have gotten used to TF with some success; also YM; I do find that sort of getting to "know your trading instrument" is almost as important as your indicators and methology; this one interests me as by all accounts is clear and simple; however am a little loath to switch to the 6E. Also as I am a "reads the manual" type of person interested in getting their manual to ponder over; is it well written and clear...??
Also are you still as enthusiastic about it...?? and profitable..??
rg

I think the ES works quite well for some people. I think it depends on your technique. I see people from the group I trade in that pull a couple points most days. I personally haven't had too much luck with it, but not invested more than a month or two trading it.

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  #155 (permalink)
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emini_Holy_Grail View Post
I have been following the system for a week and it definitely has more wins/ and some losses but don have stats.

for sure, not all losses

I Looked at trades for the past month using the indicator I wrote to capture their rule set, and it doesn't look too bad, it gets about 45% win ratio using a 2/1 reward/risk, fixed 5 tick stop, 10 tick target, trading 6E 3Range HeikenAshi, 8:00am to 4:00pm EST. Those numbers would make it a winning strategy theoretically. As this is an indicator, there is no accounting for fills, slippage, etc. Let's hope it's not a fluke.

I am kinda surprised actually! But, I am using a fixed mechanical trade management, different then what the authors do, cause I fall in the mechanical trading camp - 'That's just the way I roll' I actually experienced the same with my own scalping system which consistently teetered between break even and losing, using a 1/1 reward/risk ratio. I became profitable overnight by biting the bullet and going for a 2:1 fixed reward/risk ratio. It wasn't easy, that meant I had to stay in trades for 90 seconds rather then 45 seconds

I think the authors also say you can scratch an active trade, if one of their indicators reaches the opposite cycling extreme, which I did not program. That supposedly would reduce the number of losers or size of losers, but this theory only works when applied to just losing trades in hindsight, as people tend to do. In reality that tactic will also scratch a good number of trades that would have been winners.

Maybe some of you 'discretionary' guys can discretion your way around this method and turn it into an 80% win ratio . Sorry, I can't resist taking a shot at the discretionary guys now and then .


Last edited by monpere; January 14th, 2011 at 01:47 AM.
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  #156 (permalink)
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Monpere,

Would you mind posting some charts of your method, and what you are talking about with 2 or 3 bar divergence?

Thanks a lot.

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  #157 (permalink)
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Things must have really changed then since last November. According to their youtube videos, they seemed to pull in the pips at will with 50 pips daily at the minimum.

I wonder if anyone has backtested the signals shown in the videos.

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  #158 (permalink)
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TheSeeker View Post
Things must have really changed then since last November. According to their youtube videos, they seemed to pull in the pips at will with 50 pips daily at the minimum.

That definitely stopped when I joined them ;-)


YouTube - The Cooler, movie (video) trailer preview and review

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  #159 (permalink)
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MetalTrade View Post
That definitely stopped when I joined them ;-)


YouTube - The Cooler, movie (video) trailer preview and review



Well, now I know why my account balance is heading south steadily after I joined futures.io (formerly BMT)

Haha, I must watch this movie, funny !

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  #160 (permalink)
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TheSeeker View Post
Things must have really changed then since last November. According to their youtube videos, they seemed to pull in the pips at will with 50 pips daily at the minimum.

I wonder if anyone has backtested the signals shown in the videos.

Yeah, that is why I bought their system, after watching the youtube videos. Since they had a special sale at the time for $99, I decided to buy it just to check it out. But hey, as a vendor, are you gonna put up video on you tube where you loose 10 trades out of 12? No, you are gonna be an expert cherry picker. The videos on youtube appear sporadically, maybe they only record the 1 or 2 better days they have every month. Even the clock on the wall that doesn't work tells the correct time at least twice a day

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