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I attended one of their webinars in '07 or '08 ...didn't end up joining although I had a good impression. I guess the ATS they were running back then kept me from taking the course as it was clear that its results were too good to be true.
I think the combination works better then either one alone. I don't share my parameters, I killed the guy I learned them from . Actually, I spent a couple of years studying the Stoch, RSI and MACD indicators to optimize my parameters, but I think the default params work well for most systems.
I have 6E and DX on though I only trade 6E. I prefer having DX aligned with a 6E signal before diving in. This week I have CL on as well and may trade once daily IF I really like the signal in the coming week. Other than 6E, DX and CL, I have not tried the set-up on other instruments. Some traders have been sharing their results in the room .. seemed working quite well on GC (gold) and EMD.
It's been 2.5 months and I still like its simplicity and effectiveness. I am neither green nor red as I took my time to better understand the signals esp the ones with divergence (= higher win rate) + I succeeded in removing the safety wheels I added. I agree with many who suggested creating one's trading system and plan is the most critical success factor.
In early Jan some of my trading friends took the same three sniper trades yet their EOD results were as follows:
Trader No 1 30 pips
Trader No 2 24 pips
Trader No 3 15 pips
Trader No 4 50+ pips (he only took one trade)
Trader No 5 (me) Nil (I chose to SOH)
Lesson learned: Different trading preference/style (for example, nimble and hold until SL gets hit) matters a lot! It can easily turn a winner to a loser or a scalping winner to a runner or vice versa or .. ..
For me, I realize the challenge to have a runner when I am doing only 1-contract trades. Plus I choose to respect my scalping personality (not comfortable to stay in a trade for minutes). I will continue using the sniper set-up. If I come across any additional indicator(a) that will make the set-up more profitable/effective, I won't mind testing it/them out. Will stay with 1-2 maximum changes though plus doing my best not to overload my chart with indicators.
This method has been highly profitable for me and few of my trading friends. .
We start in early London - and wait patiently for the highest probability setups that this method produces .. .
In the London session we get 2 to 3 high probability setups , and we take it. .. ( Nov - Dec )
In January - The London session has been a bit slow, but a few good in between ..
Yesterday and today, volatility picked up, and the Euro all of a sudden started to move..
And we picked good - high probability trades in the UK session .. .
I simply love this method -- And I sure am going to continue to trade this...
Here are the trade setups we had and took today and yesterday ( London session ) - - been slow this week - but today and yesterday we had some moevement - great setups we had .. .
The point of the HA bars is to hide the actual price action and make the bars uniform. If I were to trade these charts, which I don't, I would pick a direction, lets' say long, and take every trade when a trend line is broken to go in the direction of the trend. I even picked long when the trend was down just for fun (homage to TRO green rat). I understood that you use HA without a bunch of other indicators / oscillators / etc.
