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The problem is, the YouTube video completely misrepresents the method. When I purchased, and as of this date 1/14/11, it says on their website "With the Eminisniper Targeted Trading System you may have 12 winning trades before the U.S. markets even open. You may have 20 trades available before lunch." When you combine that statement with their Youtube video showing trade after trade after trade, you are led to believe that you might actually have several trades to choose from each day. And that is simply false. I know folks will come in here now and point out that technically it's true, you "may" have a bunch of trades. And if they come here and portray that this has actually happened, they are simply being dishonest. In fact, read Beth's journal going back to when she started trading the method. She has pretty much chronicled the trades that she has taken according to their system. In fact, since most of the trades the mods have actually taken in the room have failed this week, I suspect Beth is outperforming the mods by simply not trading this method.
One day this week, one of the room moderators had exactly one trade for the whole day according to his criteria. That trade occurred at 7:33. He claims he looks for an 8 tick first target (with one contract) and his trade reached 5 ticks gross then turned and went the other way. At first, he claimed it would have been a break even trade. A little later, he admitted that he didn't even take it. So, they run the chat from 8 to 12 a.m. EST. There were no valid trades during that time period. The one valid trade that did occur set up before 8, but the moderator didn't actually take it. And for good measure, the trade failed.
Yup, I was introduced to divergence by Roger at Felton trading room a few years ago. I am almost purely a divergence trader now, but I no longer use the indicators he uses. Although I hear he has some impressive customized or proprietary indicators now.
