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

  #251 (permalink)
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wgreenie View Post
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

Hi Beth, I've been following you off and on now for quite awhile. I was really frustrated to see you bouncing from method to method without ever really giving something a long term chance. This paid room you are in may or may not be worth the money. BUT, this post of yours is imho, the most lucid and well thought out and practical post I have read of yours to date.

I suspect you may have found what you have been looking for regardless of others opinions. Stay the course and you will make it.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #252 (permalink)
Elite Member
In the heat
 
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PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


wgreenie View Post
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

If you do this every day, you will never worry about money again.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #253 (permalink)
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Quoting 
Then why did you buy the system if the free systems here on futures.io (formerly BMT) are working for you?

(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)

For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.

I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.


Last edited by MetalTrade; January 25th, 2011 at 01:22 AM.
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  #254 (permalink)
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MetalTrade View Post
(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)

For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.

I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.

Metaltrade,

I agree, and thanks for bringing this to everyone's attention. I think the key is that you defined the issues as well as others with the short-comings of the room.

Although, the format I believe could be a challenge. I think calling live trades in a trade room could be doubly challenging but I haven't tried. For instance with my current method, if you took the trades as my coach mentions them, they would be losers. He is not in the trade calling business but trying to teach you what to look for. However, you would be getting in too late, too much is going on as a distraction etc..

But, take that away and I believe you will find a very profitable system and trader behind it. The concept may be good, but their management or execution needs some work.

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  #255 (permalink)
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I thought sunpost and john were the moderators...lol



MetalTrade View Post
(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)

For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.

I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.


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  #256 (permalink)
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bluemele View Post
Metaltrade,

I agree, and thanks for bringing this to everyone's attention. I think the key is that you defined the issues as well as others with the short-comings of the room.

Although, the format I believe could be a challenge. I think calling live trades in a trade room could be doubly challenging but I haven't tried. For instance with my current method, if you took the trades as my coach mentions them, they would be losers. He is not in the trade calling business but trying to teach you what to look for. However, you would be getting in too late, too much is going on as a distraction etc..

But, take that away and I believe you will find a very profitable system and trader behind it. The concept may be good, but their management or execution needs some work.

I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.

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  #257 (permalink)
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monpere View Post
I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.

What it needs in order to do well is gullible traders who will buy the system, then subscribe to the room, then lease the indicators, and literally spend months before figuring out exactly what we have explained right here in this thread. The mods are super nice guys. Buyer Beware.

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  #258 (permalink)
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I bought it for $99.00 on a goof.

This system is WEAK.

Just look at the progression of posts going forward, eh?

We are all grownups here; I wouldn't trade this with real money unless I severely modified the whole damned method--thus rendering it some-other kind of bastardized method/beast.

Intraday trading is intense & DEMANDS alot of initial parameters.

I posted about this in another thread (below if anyone is interested).

https://futures.io/index-futures-trading/5447-2-points-per-day-es-s-p-500-futures-contract-4.html



Peace ya'll!

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  #259 (permalink)
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fireman912 View Post
I thought sunpost and john were the moderators...lol

fireman912, if you are Hugo ( one of the partners of eminisnipers.com), do you need to declare yourself as a vendor?

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  #260 (permalink)
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monpere View Post
I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.

If you have any that are profitable, please share. I don't mind doing some testing.

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