People do not need to stay in the room to trade divergence. In fact after I got what I needed out of the room I did not come back. Hence just because they only have 10-15 people in the room now would not indicate how many subscribers they have. I think now they even have an indicator to help with trades.
Do I still trade with what I got from the room yes I do. Am I making money yes I'm making money with the help of what I got from the room. Just incorporated into my own method of trading.
I find room any room to be some what a distraction to my trading so as long as I received what I was looking for I'm out.
The Sniper room is just one other stop to perfecting my way of trading.
Gregory
The following user says Thank You to tickvix for this post:
So, I guess people need a room to trader sniper trades, but they don't to trade divergence. I guess it is true, I heard they don't even do their namesake sniper trades anymore, and are now trading straight divergence. So basically I paid $99 for them to define divergence for me, which I have been trading for 5 years now already . I guess they have to change their name now to eminidivergence.com
Sorry you invested $99.00 for some stuff that you have been trading for 5 years.
But after all it is only 8 ticks on Euro with one contract. Right.
BTW when I was in the room they did not do the sniper trade ether. In fact they consider Sniper to be a higher risk trade.
Have a great weekend. Time for me to go fencing and kill some one!!!
Gregory
First time having EminiSniper today and had several successful trades
on the 6E from 5AM to 12PM est it generated the following. Setting it to not signal no counter trend signals.
Short Signal - No Fill
Short Signal - Touched 5 pips
Long Signal - Touched 10 pips
Long Signal - Touched 12 pips (with heat on money management)
Long Signal - Touched 6 pips
Long Signal - Touched 14 pips (could have trailed for a total of 41 using HH/HL)
*touched means max candle before next bar had a pull back
using 1 contract could have yielded 47 pips to 74 if I trailed
$587->$925 not counting commish or slippage.
Using a 5 pip first stop for single contract would have yielded 25 pips. All winners today
FULL DISCLOSURE
-------------------------
**I did not take these trades since it was the first day with the indicator, but these numbers are from looking at charts today as I write this**
**it did have 2 stopped out, but after my regular trading hours
-----------------------------------------------------------------------------
Long Stopped -9 after 12:30pm
Long Stopped -9 after 2:15pm
So far so good. Nothing is 100%, but I like its odds better than me trading blind
The following 4 users say Thank You to estrader14 for this post:
Forget reverse engineering etc. - there's no security on their trading room, so anyone can enter and see the instruction manual etc. which pretty much gives everything away.
I hate bringing old threads up and i know this member is revoked so he may not read this reply, but i have one word for you: marketing. Any products will have it's fans and its haters. A product's success (not only in trading but many other niches) has less to do with the profitability (usability, results, etc) and more to do with how you sell it.
Currently the eminisniper site does not inspire trust, and neither is the price. A more professionally designed website would inspire more trust. A higher price tag would keep away tire kickers that only pay to have a look and hardly intend to learn and understand it, or worse, are more eager to see it fail then work. Not to say that a high price would rather make people say "it must be good if is so expensive" instead of "it must be crap if is so cheap". I have seen products (not trading related) selling for $1000 and being praised even if it were crap, or, let's say, at least as good as cheaper/free alternatives.
I have no idea how good this system is, but they can get more subscribers if they do something about how they sell it and not specially about how it works.
I am NOT a novice; trading since 18 {dad was a CBOT part-time trader for 15+years when beans & bellies were KING}.
44 years pimpin' on the planet now; a 25+ year trader--NEVER say never and I do PAY for ongoing research (hence my username name of 'researcher247@yahoo.com').
I took a Benjamin or so and lit it on fire (1/2 gut--1/2 hope) and bought this for {if memory serves} for $100 or so.
Um, yea; no!
I believe this was a sophisticated marketing campaign.
If all of you pimps/players/fellow traders allow me, please allow me to re-quote a trio of hate-filled emails to my trading partner (we like to spew and spit upon those that will not and cannot and will not give us the FACTS and numbers).
I am sure you all agree!
---------------
Excerpts reference
a) Giles (sic)? from F*ck--Ph.D prices; honestly???!!! http://www.futuresandforexdaytrading.com/products-and-pricing.html Seriously? Do I get a nice young wh*re with that for a week? Damn! Talk about ultra-premium pricing, eh?
b) Pheonix Letter--seriously?? http://stockgumshoe.com/reviews/phoenix-letter-the/ I won't repeat my email to my trading partner; it is filthy and obscene. The message (generally) is that the contact people do NOT respond to direct questions nor are they providing a documented track record nor autotrading.
c) This email to my partner I present unedited (if futures.io (formerly BMT) requests, I will edit). However, c'mon!!!
To complete the trifecta of shit this morning; I present to you the one and the only original ghetto pimp that is known as Franz Shoar.
The grand champion of the sh*t show.
Had the audacity to claim he was trading 500 ES contracts at a time in the early 2000's on a live account.
Monpere
Could you please tell us which indicators you have in the picture, 2 ma and a stohastic?
A1 indicators, is it your indicator or can I find them somewhere?
Maybe you have used indicators from futures.io (formerly BMT) and changed them, if so, which indicator did you start with?
Also, there is some arrows in the chart... another indicator?
It looks like your system works fine with CL (and others), I would appreciate if you share with us which indicators you used and maybe a template?
Can´t upload your picture but it is the picture from your post #161
I agree w/ the positive comments. Very professional, reasonable (appx. $195 offer in monthly webinars, then $97/ month for Ninja indicators and daily trading room). Predominantly using Renko and range charts, I have found it esp. helpful in CL, GC and ZB markets and agree w/ the ~ 80% win rate. Support is quick and helpful, if needed.
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There is no need for this... the thread starter was already banned as you can see, it happened a long, long time ago.
If you have a problem with a post (where the user wasn't already banned) - do NOT engage with them, do NOT reply in the forum, instead use the Report Post feature which is to the right of every post (yellow icon).
This is again one of the guys who is not serious but
-> takes freely available indicators
-> renames them in order to hide the true origin
-> sells them to unsuspecting victims
Those who cannot make money by trading just have to use a different method to collect your money ....
But let me first show how they are doing it ....
SniperBidAsk
Screenshot taken of indicator sold by Eminisniper.
Compare to Derivative Oscillator by Constance Brown
What I regret here is that
- they have taken an oscillator from Constance Brown and do not give credit to her as the author
- they rename it to Sniper BidAsk (BidAsk is completely misleading, because the indicator uses neither bid nor ask, it is just a smoothed RSI)
- then sell the stuff for $$$
EminiTargeter
Screenshot of indicator sold by EminiSniper
Compare to QQE (Quantitative Qualitative Estimation) translated from MetaTrader 4
Again this is not exactly what I expect from a vendor. Dissimulation and dishonesty is not beneficial to trading.
Conclusion
Taking existing indicators that have been developed by somebody else does not necessarily invalidate an approach to trading. Why not use successful concepts and apply them to trading?
But would you trust in somebody who sells you chicken as beef, even if the meat is fresh?
In this case you can get the chicken for free, do not pay for it!
Disclaimer: I have not purchased the indicators from eminisniper.com, but the screen shots have been posted by @Ironman9973 in the German section of this forum, where I have originally responded. Here is the link to the posts.
I feel this is true about 80% of trading stuff out there (materials, setups, indicators, systems...etc.). The majority of it is available for free, but you'll always find it re-packaged as the Holy Grail by someone.
"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
The following 3 users say Thank You to Anagami for this post:
that is really unbelievable Harry. thanks for doing that analysis. What is it about trading that brings out the worst in people? just a characteristic of the type that gets into it (looking for any easy way to make a quick buck...)
Trader12, if you look up the book from Constance Brown, Technical Analysis for the Trading Professional....she uses the indicator not as a crossover of zero line but when set to 14.5.3.9 she looks for divergence and a slope directional change. By itself I do not recommend unless you are a good PA (price action) bar over bar reader. Best to use a 2 or 3x hihger time frame then use it to find and entry on a lower time frame that fits your $$ mgt. Also, concerning Constance brown, her book is 363 pages, and she will not fully explain how she trades with it, she leaves some info., she states this and you see it in her explaination while 150 pages into the book. It is more info on how to use the RSI differently.
BTW, how eminisniper uses it is not correct based on his zero line crossover, but he uses it correctly to help get into his sniper trade that use it as well as a 1-2-3 pattern bar reversal.
Indicators I believe are from Fattails....Thank You!
The following 5 users say Thank You to tradermark2009 for this post:
Hi tradermark
Many thanks for your kind help and also to Hunter - it is greatly appreciated.
I was going to try to replicate the eminisniper setup and see just how good it was - especially after Fat Tails had taken the time to work out the system.
thanks again
Trader12A
@Trader12A: Sorry for my late reply. If you use the prefix "@" with a question to a specific member, that person will be alerted, and you will get your answer earlier .....
Exported using NT Version 7.0.1000.7
Constance Brown's Derivative Oscillator was published in her book "Technical Analysis for the Trading Professional".
The oscillator uses a 14-period RSI. The RSI is then double smoothed with exponential moving averages. …
or just search Downloads -> NinjaTrader -> NinjaTrader 7 indicators -> "D".
The following 3 users say Thank You to Fat Tails for this post:
Many thanks to @Fat Tails for exposing the sniper indicators. How do you feel about the QQE indicator in general though? To a beginners eye, it seems to give many good setups. Thanks again...
Here is the QQE3. I have no opinion regarding its money making value.
Looks like just another of the many ho-hum price following oscillators, but at least this version is available at a low cost. And will run a lot leaner than the sub optimal implementation that I started from.
This is a revised version that does not depend on MA_EMA or MA_LLMA.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
The following 4 users say Thank You to Zondor for this post:
Hi @Zondor, I cannot compile the QQE3, states that I am missing MA_EMA and MA_LLMA. Could you please tell us what indicator contains those so this QQE3 will compile. Thank you
Two posts before this one, the revised cs file just uploaded does not depend on the two indicators MA_LLMA and MA_EMA that you do not have.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett
The following user says Thank You to Zondor for this post:
. I guess they have to change their name now to eminidivergence.com 
