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

  #161 (permalink)
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JS12 View Post
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.

Here is what I call a 3 bar divergence.

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  #162 (permalink)
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Yes, that's how it's done.

I just wondered whether at least the signals shown are valid or whether they were doctored, too.

Anyway, the holy grail cannot be bought, but maybe you can pick up one or two things from the course/ebook, that's how it is usually.



monpere View Post
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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  #163 (permalink)
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Monpere,

Thanks a lot for sharing, makes sense now.

You seem like a good trader with a solid approach.

Would you mind posting some more of your charts?

Thanks again.

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  #164 (permalink)
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monpere View Post
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

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.

Enjoy.

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  #165 (permalink)
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I took 2 trades today on the 6E with them, both losers. All 2 trades according to the book.

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  #166 (permalink)
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monpere View Post
Here is what I call a 3 bar divergence.

Monpere,

I made this request via PM and it is strictly your choice, but I think you have more of an interest in showing your art than you let on.

Why don't you open your own thread. Share your art.

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  #167 (permalink)
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MetalTrade View Post
I took 2 trades today on the 6E with them, both losers. All 2 trades according to the book.

Well, I am glad I didn't sign up! Why don't you check out Felton Trading.

So far, those guys have had 1 losing day out of 6 that I have followed. I didn't follow this morning though.

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  #168 (permalink)
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bluemele View Post
Well, I am glad I didn't sign up! Why don't you check out Felton Trading.

So far, those guys have had 1 losing day out of 6 that I have followed. I didn't follow this morning though.


They trade divergences all day long, right ?

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  #169 (permalink)
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TheSeeker View Post
They trade divergences all day long, right ?

There is thread on Felton at https://futures.io/vendors-commercial-products/939-has-anyone-ever-heard-felton-trading.html if your interested. But looking throught the thread real quick it looked like their method was based on divergence.

Brett

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  #170 (permalink)
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bmont60 View Post
There is thread on Felton at https://futures.io/vendors-commercial-products/939-has-anyone-ever-heard-felton-trading.html if your interested. But looking throught the thread real quick it looked like their method was based on divergence.

Brett

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.

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