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

  #241 (permalink)
Elite Member
Indianapolis, IN USA
 
Futures Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker/Data: Several
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Posts: 370 since Dec 2009
Thanks: 218 given, 369 received

Hope the futures.io (formerly BMT) mods will check this out. The people posting that they are having success with eminisniper are either delusional or shills. Personally, I don't care either way. I bought the system. It's worthless. Not even the room moderators trade the method as it's written. And you bet, they are more than willing to spend as much time with you as you care to waste. The comment I love is this... "Okay guys, there is a possible setup here. You can take it if you want. We're not going to take this one..." Then, right on cue, 10 minutes later they are either talking about the successful trade that just happened (without them) or bragging about the fact that they passed on that one (even though it's a valid setup according to their rules.) If you watch the trades the room mods actually take, you'll see one of 2 things: either 1) one losing trade after another or, 2) hours passing by as they complain about how the market "just isn't moving." (Of course, the 6E market is moving EVERY day.)

By the way, their big thing right now is that they are developing software that spots divergence (sound familiar?) As soon as they can figure out how to get it "licensed", they will unleash it for the masses. Are you laughing yet? Have said it before and since I purchased this one, feel entitled to say it again... Buyer Beware.

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  #242 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
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hmmm

i would say look at the first 9 post if this was not a setup i dont know what is,i have not tried the system as i have not had the time i guess we should ask wgreenie if she still uses it,but from all the fighting from their end i would guess i would not try it,if you dont like my methods i dont care dont trade them but im not going to sit here and fight with you that my way is a good way or not i simply dont care,i would like you to be a better trader but everyone has a different way of seeing the market...sharky

KILLING THE MARKETS DAILY
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  #243 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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sharky View Post
i would say look at the first 9 post if this was not a setup i dont know what is,i have not tried the system as i have not had the time i guess we should ask wgreenie if she still uses it,but from all the fighting from their end i would guess i would not try it,if you dont like my methods i dont care dont trade them but im not going to sit here and fight with you that my way is a good way or not i simply dont care,i would like you to be a better trader but everyone has a different way of seeing the market...sharky

It's like watching the UFC

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  #244 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
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Posts: 1,060 since Jun 2009
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lol

like i said i trust wgrenni so i would ask her how she is doing with it but i have not seen her around for a few days...sharky

KILLING THE MARKETS DAILY
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  #245 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
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Posts: 1,501 since Apr 2010
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I think here all one can understand what is true or false, and that if a system is a real 100% mechanical system, it must have precise rules for entry, exit, stop, trade and money management, that are fixed and if one follow them the system must work, if really profittable. Otherwise the system is more a method, like I think almost are, if not all you find for sale or on the forums, that have discretionary parts, that, most of the time, work, if they do, for the developers and for some others that are able to make theirs the method.

Take your Pips, go out and Live.
Luke.

Last edited by LukeGeniol; January 24th, 2011 at 06:38 PM. Reason: spelling
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  #246 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

For me, I was able to spot only a few 6E signals for the last two weeks. When I was uncertain, I chose to SOH. I can tell there are traders who continue making green pips consistently via Sniper set ups. I've been receiving private messages from at least 4 sharing their trade results incl different trade management tips. I believe they're genuine and not making any inaccurate claims.

I went through the suggested entry requirements 3-4 times before sim-trading both regular and divergence signals. Sim result was at least 70% profitable inclusive of my human operation errors. As of this moment, I probably have 40 live trades .. not green or red since I did make some non-sensible trading decision (luckily not to be repeated).

If one spends time learning the entry requirements plus taking advantage of the free room access, then writes down his/her own trading plan, I am confident that he/she will have a system that's profitable most of the time. The Sniper system does specify where to enter/exit. One must incorporate when not to trade (say around high priority news and close to the US bell open), does the trade offer enough room to reach the profit target, will the SL cushion be big enough etc etc. To be a successful trader, one must own the trades (regardless of the results) and be responsible for his/her trading decision.

If one cannot trade a system profitably for a predetermined period of time/losing ticks, it's time to take a break. It's very obvious that the same system may work for Traders A to D yet it may not work for Traders E to H. Even amongst Traders A to D, they very likely enjoy different results. Yes, they're looking at the same chart(s), could be taking the same signals, yet they managed their trades differently. Being in the room for over two months, the most important lessons I have learned:

1. Do not compare my trading results with other traders who're considering/taking the same signals

2. Respect my trading preference

3. Own the trades I choose to take and/or pass

4. Be responsible for every trading decision I make

I started having a CL chart on last week. Sim traded a few this morning incl 2 6E ones. Technically I should not be trading the 6E ones as they did not meet my entry requirements 100%. The CL ones did and I chickened too early for the last two trades (did reach PT 6-8 after exit).

Am I still confident in the Sniper system? Yes! It's my plan to stay with the conservative signals (divergence and first 1-2 retracement ones) while adding CL to my radar list.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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Has anyone ever heard of eminisniper.com?-sim-trade-log-24-jan.jpg  
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  #247 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received

I went through close to 20 systems (inclusive of a few commercial ones) since 2009. It's very personal and subjective to stay with a system (or systems). It's the trader's decision!

One of my trading friends has been using the same commercial system since Fall 2009. He has to pay for the following on a monthly basis:

- subscription to access a paid trading room (about $20)
- subscription to a trading room (about $200)
- subscription to a system licence (about $200)
- platform fee (about $100)

Note: He actually subscribes to a second trading room at the same time (another $200 or so).

Has he been trading profitably? Unfortunately not yet .. sigh .. Considering the monthly operating expenses of close to $1,000 (inclusive of occasional losing trades), I don't see the reasons to stay with the same set up for over a year. Having said that, I do respect his decision.

Soooo, trust your own instinct. One must have reasons to support his/her decision to make a purchase and place a trade. If it's not working (for whatever reasons), time to let go.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #248 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Intermediate
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wgreenie View Post
...
Beth


Beth, regarding your two 6E trades in the attachment. It seems your entry price are better than the trigger price. Are you taking pull backs after the setup triggers?

For the first trade, the low is 3 ticks away from the moving average. Is it considered as too far from the moving average by the snipers? I saw them avoiding these.

Thanks,

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  #249 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,196 received


omaha786 View Post
Beth, regarding your two 6E trades in the attachment. It seems your entry price are better than the trigger price. Are you taking pull backs after the setup triggers?

For the first trade, the low is 3 ticks away from the moving average. Is it considered as too far from the moving average by the snipers? I saw them avoiding these.

Thanks,

Hi Omaha

For the first trade, I waited for its breaking up and entered. I'm using a 6-pip SL cushion and need to make sure my entry is not too far away. Yes, I have to act very fast else I will wait for another signal IF it's not filled. Within maximum 3 pips from the moving average is acceptable and not more.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #250 (permalink)
Elite Member
MIAMI,FL
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Private
Favorite Futures: Zn,6E,6J
 
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Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,875 received

thank you


as always thank you for your insightful reply thats what i like about you...sharky

KILLING THE MARKETS DAILY
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