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about Shadow Traders run by Barbara Cohan? (www.shadowtraders.com)
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about Shadow Traders run by Barbara Cohan? (www.shadowtraders.com)

  #21 (permalink)
Market Wizard
virginia
 
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trader2 View Post
This is shadowtrader`s 15 min CL-chart. You cannot change any setting.


It looks really different than Perry`s, right?

fractal point was formalized in Bill Wiiliam book Trading Chaos published since 1995. I coded vertical color lines on background way before shadowtrader coded them. and I doubt if Barb can spell Hurst cycle.

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  #22 (permalink)
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cory View Post
fractal point was formalized in Bill Wiiliam book Trading Chaos published since 1995. I coded vertical color lines on background way before shadowtrader coded them. and I doubt if Barb can spell Hurst cycle.

You are probably right....

My whole point is who cares... I have copied many systems or taken influences from many in several systems that I have played with. The whole point is that this like CJBOOTH and others is very similar so it must work to a certain degree...

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  #23 (permalink)
Elite Member
Berlin,Berlin
 
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My goal was to point out that shadowtraders is not "scam"
and I thank you all because I think that this discussion shows that shadowtraders sell something that works for some people if they have a trading plan and are willing to follow rules...

What I appreciate is their support, their updates, their teaching, you have free classes every wednesday and thursday, sometimes there are additional classes. The chatroom is free for 3 months (then it is 100 $ a month, but you are not automatically renewed - every month it stops working and you have to sign up separately every month, so they make it easy for you to get out of the chatroom and "difficult" to get in again for another month).
I consider this as very user-friendly and honest.
There is another trading room on the internet (puretick) , after cancelling them they restart charging you with monthly fees if you click by accident on your old login!!! And they say that their system does this and they cannot change it.

Although I am a countertrend trader I attend Melanies classes every wednesday as this is my time zone, and I am so encouraged by her optimism that my own trading gets better just by being part of this community (and it comes with the package for lifetime)
For me this is an important point. Melanie is a trend trader, and listening to her I always get the feeling that trading can be an easy thing, also with a small account, and that it is so easy to grab some ticks - "do it with more contracts" she tells us and it is really true - I do it. Melanie is is such a positive person.

There are so many people on the internet that discourage you by telling you that you need a 100 000 $ account and you should only trade huge trends, otherwise you will lose. This is one of the reasons why I was not successful with trading many years - waiting for those trends (that never happen...)
Now I grab some ticks and I make money

Am I a good seller? No. I am even not affilate. I am just happy to tell you that it works.

In fact you can learn from Perry here on the forum.
For me it is easier to learn with a group, with a trainer that has a positive attitude, to listen to another voice, to get updates often. And in fact there is much more than some moving averages or fractals.

My goal is to show you that they are an honest company, $ 1000 is not too much for all that training and lifetime support and I would like to stop the discussion whether they are "scams" because that really hurts me as I got so much out of it and they are so nice and friendly.


Happy trading to all of you!

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  #24 (permalink)
Elite Member
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People want to see equity curves.

This is my realtime ampfutures account (no demo).

I only traded crude oil (CL) with shadowtraders countertrend system.
I do it since october 2011.
What did I do before? I trained on sim !!!!
I opened this account in april 2011.
If I could show you my sim results...

Trading real money with a small account...
I am nervous and hesitant. And I have those results!
See chrismas thin market results - I made some mistakes, did not follow rules.
And in january 2012 I was in India for 2 and a half week, no trading.
I am still a part time trader. Some days I do not trade.

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  #25 (permalink)
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... and the system I trade is not Perry`s. It is one of the other things.

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  #26 (permalink)
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desert CA
 
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Here's a link to a demo video of ShadowTraders I saw on youtube:
Shadowtraders Introduction - YouTube

And another shorter example:
http://www.youtube.com/watch?v=EjbPCPRSKos&feature=related

After looking at them, I don't think it's the same method for the most part. Although I would agree the colors and lines look similar if only in the fractals indicator part.

"Be sure and download a free copy of our Essential E-Mini Trading Secrets:
http://www.shadowtraders.com/Forms/FuturesTradingAnInsidersGuide.pdf

"


Last edited by Cloudy; February 29th, 2012 at 10:55 PM.
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  #27 (permalink)
X FloorTraderMathematized
Long Bay Beach, Virgin Islands, lately of Chicago
 
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trader2 View Post
People want to see equity curves.

This is my realtime ampfutures account (no demo).

I only traded crude oil (CL) with shadowtraders countertrend system.
I do it since october 2011.
What did I do before? I trained on sim !!!!
I opened this account in april 2011.
If I could show you my sim results...

Trading real money with a small account...
I am nervous and hesitant. And I have those results!
See chrismas thin market results - I made some mistakes, did not follow rules.
And in january 2012 I was in India for 2 and a half week, no trading.
I am still a part time trader. Some days I do not trade.


The shape of the equity curve you present is everything that a trader desires, especially when adjusted for the dormant period that you mention. But the net total result doesn't seem to compete to other pastimes. Perhaps I am missing something, but the magnitude of the equity is stumping me. You mention that you have a small account. I take this to mean under $10, ooo. Regardless, a 2% total profit on such a balance is $200 or for the five months trading that you did, $40 per month or $1.80 a day. If your balance was more substantial, just scale the numbers up. I don't see that in the context of trading/investing that such a profit is even relevant to operating a trading business, even with the most modest data fees, computers, assorted expenses, value of your time, etc. So, do I have something wrong in my thinking? I am not trying to be insulting and I will say that your other points regarding Shadowtraders and the suspicious similarity of Perry's trading system are well presented.

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  #28 (permalink)
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I opened this account with ampfutures and I funded it with 800 Euro , which is the margin for 1 contract of CL (crude oil). I do 1 to 3 ticks using one contract. Between april and october 2011 I only did simtrading, so in this period the equity curve is flat. In october I went live. From october to 8 december 2011 I did 80 trades, 76 winning trades and 4 losses. Profit 2157$ and loss 892$ .
But you have to substract commissions for 80 trades (4.78$ one roundturn). On 8th of december I learned how to include the commissions in Ninjatrader`s performance report. :-) sorry. So it is 400 $ less profit.
It is $ 865 of profit The losses are very big as I took a 30 tick stop usually. I tried it with 30 tick.

Then I learned how to put the commissions into Ninjatrader performance report.
9th to 31th december I did 25 trades, 21 winners, 4 losers.
$ 469.62 profit and $ 309.12 loss

First half of january was really hard. I had 2 ugly and stupid losses where I also did not follow my rules, and another loss.
$ 403,52 profit with 16 trades and $ 524,34 loss with 3 trades. I analyzed what I did wrong already...
I had a loss and I did a very bad revenge trade that also was a loss.
Another day I had a 30 tick loss and I scalped it back. But I did not realize that this does not work every time: Having a loss and trade it back like a wild animal... That day I was lucky, but the other day the same thing did not work.

Then I was in India until end of january.

From 1st of february until today (did not trade today, came home from work an hour ago) I did 47 winning trades and 1 loss. $ 782,94 profit and $ 104,78 loss. I am proud of that loss as I went out of the trade in a very disciplined way although it turned later and went in my direction.

Everything is with 1 contract, and I even tried to do more trades and only take 1 tick. 1 tick in CL is quite easy to make when you use fractals, pivots and other bounce points. My plan is to do that with more contracts when the account is big enough. Unfortunately I have to take money out of the account sometimes. But I want to do this style of trading at least with 2 contracts, and I try to improve every day.

WOW, what was that? Crude fell off a cliff! So you see the importance of an emergency stop...


Last edited by trader2; March 15th, 2012 at 07:43 PM.
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  #29 (permalink)
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reports

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about Shadow Traders run by Barbara Cohan? (www.shadowtraders.com)-performance-report-1.bmp   about Shadow Traders run by Barbara Cohan? (www.shadowtraders.com)-performance-report-2.bmp   about Shadow Traders run by Barbara Cohan? (www.shadowtraders.com)-performance-reoprt-3.bmp   about Shadow Traders run by Barbara Cohan? (www.shadowtraders.com)-performance-report-4.bmp  
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  #30 (permalink)
Elite Member
Berlin,Berlin
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Ninja/CGQ
Favorite Futures: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received


I am still a part time trader and at the moment I have much to work.
I have rules. I do not trade when I am tired, just came home, never jump in the market when not in tune with market etc. . When I do not follow those rules I lose money. I want my account to grow slow and steady. I feel good with a high winning percentage, so I have to be a scalper. 1 tick with 5 contracts is 3 ticks with 1 contract. I am still trying to figure out how much ticks and how much stoploss is good. Barbara Cohen does 3 ticks and exit when trade does not go in her direction. I try to find out if 1 tick and more trading is better for me. I learn every day and every day we have another market.
I also do some work on my psyche, intuition, meditation, just bought onharmonics programme (light meditation) and I think it`s great.
I am tired, will sleep a bit now, do not want to trade this market with two 100 point moves each in 3 seconds. Tomorrow is rollover for all indices. I am happy that I will go to work tomorrow.

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