I received an email today from Ninja Trader re. featured events for this weekend. The partner event will feature Leading Edge Trading. I use gmail and until I choose to display images all banners appear as text only. With images displayed there is a banner for Leading Edge Trading. Without the image the link appears as "Viper Trading Systems". Perhaps that info. will help anyone trying to evaluate this company.
If the email was sent from NinjaTrader, then that may be NinjaTrader's mistake -- and not necessarily imply anything other than that (left over from an old email template, for instance).
But in general terms of discussion, you are very right --- a lot of vendors have multiple "fronts", changing names and websites often. Obviously not a good reason to do this, but many bad reasons (for the customer).
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The following user says Thank You to Big Mike for this post:
I joined the webinar today. It caught my attention with this line: "You're Doing It Wrong - Stop Using Indicators"
That got my attention. Though he really puts down the use of indicators, and if I recall correctly, I don't think he's very fond of PA either. At the end they ask you to join the free trial, which is extended to 2 weeks for those who attended webinar. And they did mention a silver and platinum room for those who want the training. I'm taking the trial, because I am curious. The use of numbers reminds me Bugs here who was also using numbers, without revealing source. I never really got to use them, but once. Then I realized my settings for murray math and tmft's midpoints gave me similar numbers, lol!
I'm not a big fan of using too many indicators either, but I love PA combined with the Murray Math lines and CCI divergence. I've already learned a profitable system using these few indicators, but the potential to profit without any indicators/PA has my curiosity tinglingI just don't like it when something sounds or appears too esoteric/mystical. Plus, the host said he has a 90+ success rate! We'll see. I'm going to give it a shot for 2 weeks and will let y'all know.
The following 3 users say Thank You to elmatador1973 for this post:
i got curious and took the free trial, however i have to say i wasn't in the room for very long, so you need to take this with a grain of salt.
My expectations were high, as they charge $299 / month for the regular membership.
You only get a chat room, no charts, no DOM. he says he does not use any kind of indicators.
There's a lot of "could... if... possible.... might do...". He says he is not calling any trades, just commenting the moves. However, he talks about levels which need to hold and where it might go to, and what his expectation is.
There were one or two people in the chat which were "amazed" by the "calls".
It was not clear to me where he would place his trades / get in and out. It would have been tough for me to place trades with confidence just based on the chat.
For me, to justify that kind of monthly expense the "calls" would have to be a bit more precise. It's a simple business decision really - how much do i have to put in / what's my risk / and how much can i get out of it.
again, i haven't been in the room for very long, and i am usually very skeptical when it comes to any kind of teaching / paid services in regards to trading. You may want to take the trial yourself and see if it helps you or not.
The following 2 users say Thank You to toulouse-lautrec for this post:
I attended the ninja webinar and the "salesperson" said you could have a 2 week trial, sign-up anytime, miss a day, etc - we are not hard to get along with. I did exactly that and commented on the sign-up page that I wouldn't be starting right away. I logged in and all was good for the first 2 days. On day 3, I got into the room in the morning but got kicked out in the afternoon and couldnt log back in because it said my membership had expired. If you went strictly by the sign-up day this would be correct but since I didnt start or login right away, I assumed i would have the full 2 weeks as promised during the ninja webinar. I emailed their admin person to try to get this resolved, and am still waiting to hear back.
It is hard to follow the first couple of days and you need to see all of the postings. They are pretty accomodating in reposting earlier posts with levels. Charts would be more helpful as well as clear direction. I do, however, understand what they are saying, if 1255 doesnt hold then we are going to 1240. For me thats a clear indication to get in and go short once it breaks below 1255. I dont need the trader saying click now. It does take some getting used to but the levels and market direction seemed to be pretty good.
Now if i can only get this 2 week trial stuff resolved. This will give me an insight into their responsiveness, customer service level and honesty/integrity. Will keep you posted.
The following user says Thank You to flipper26 for this post:
This kind of reminds me of Al Brooks room. Al talks about where it might go what percentages but he doesn't do specific calls and he does make it clear he doesn't do that nor is he a CTA. Sometimes his observations are brilliant, but it's tough to place trades based on just his chat too, similarly. Also you need to have read his book to fully understand everything he's saying.
The following user says Thank You to Cloudy for this post:
When the Head Trader refuses to give his name has to be a red flag. Is there any other possibility than he has something to hide? What kind of a past does he have? Just a question that seems fitting. HT does not show charts and he does not use audio commentary- just the dialogue box only.
He is overly narcissistic. "I know the market" "This is a Professional trading room" (apparently insinuating that other rooms are the equivalent to Romper Room) "This is the deep end of the pool" "Please do not try to read the Market for yourself (you have been trying to do that for years)" And of course there is the continual reminder that we are all lowly "Retail traders chasing the market" while he and his are "the true professional traders." These remarks and others like them are continually being peppered on the room all throughout the trading day.
As for his dialogue it is, a direct quote from today, "Market may shake this 24.50 break off and may still bounce so... lets say n[orth] of 33.25= prob[able] b/o for resumption of the higher bounce scenario we were on earlier... just the way it is" Translation: The market could go higher or the market could go lower. Others include: "1215 possible, maybe more" "outside chance of a spike" "cannot rule out one more pb just yet" "may not be... but should..." This is the convictional level of a professional trader to which all we lowly retail traders should ascribe to have [sarcasm is mine]. Then, when it moves, in any direction, that convictional level changes from possibility to certainty- Where he originally said, "it could do this" or "it might do that" becomes "I told you it was going to do this." Note the subtle change in the conviction level of his posts." While nobody knows what the market is going to do- to pat yourself on the back after expressing such flippant and ambiguous possibilities is questionable. I am not suggesting he should know. I am merely suggesting one should not change context and change certainty for the sole purpose of patting oneself on the back.
These are just some observations from his trading room- and please flipper26 don't ask about the holiday schedule again! lol Note: HT went off on flipper26 for several minutes when he asked if the room was closed on Friday and Monday after Thanksgiving. The response was very over the top unnecessary.
The following 2 users say Thank You to Aragorn for this post:
I've been in a number of trade rooms now and all are different in style and content. I don't have a problem with the guy not telling me his name. In plenty of the rooms I was told the person's name and it meant absolutely nothing to me. A number of them supposedly were professional traders who gave very specific buy/sell orders and they still had losing trade after losing trade. I've actually done well in the few days that I've been in the Leading Edge room - maybe just coincidence. He doesn't say buy now, sell now but when certain levels are comprised, that's when I've gone in. Oddly enough, the levels he speaks of are totally consistent with another email I get daily on the ES, from a completely different organization.
It is difficult to follow at first but this is not the only trade room that doesn't do audio, only chat. It is also not the only room that doesn't show charts.
You are correct, the guy is a bit difficult to take. He is very arrogant and can be downright rude. For me, I just ignore all that stuff and focus in on the numbers. I have my own charts going (with my indicators, etc) and use that in conjunction with whatever he posts. If I'm not comfortable with it, I don't take it.
I'm still on the free trial and will continue to take advantage of it until it expires. I try and take advantage of whatever free trials are available and use those to see what works and what I'd like to continue with.
I take at least one trial a week; usually last from 5 minutes to a few days (I get bored trading on my own).
Of course I am using my own stuff but it is interesting to see if/when there is confluence.
Chat only rooms can be difficult. I recently trialed pivvot point method (1 full 5+hour session) and another room by indicatorwarehous.com for a few days.
I guess my concentration skills are lacking as I usually zone out for long periods of time and then turn the volume back on or open up the chat function.
I have tried and do like squawk, but I don't trade the ES and listening to the pit can be monotonous. Trialed another good trading girl (Ukraine?) from alphawavetrader.com and she is really clear and excellent; but she trades the ES with an inverted reward:risk ratio (which I don't believe in).
So yea, rooms are fun to try; however, in my experience of 25+ years of trading one really has to find one's own style and then honor that with ruthless discipline.
In the past I have done a few thousand trades and then changed my approach and kept repeating that. I decided now to use the same approach in many different time frames on various markets; and if I feel really bored to begin watching a new market and using my skills to find the optimal mutliple timeframes to locate good setups with proper risk parameters.
I am a night owl (East Coast Time Zone) so I would like to find another market to trade around midnight est. I sometimes trade 6S and 6E from 2:30am to 3:30am est for a quickie trade or two.
Well, I am rambling. But yea, I like trials. Something different and if it makes me angry I try and get banned right away with snide and challenging comments. lol Just sometimes if I am feeling funky.
The following 2 users say Thank You to researcher247 for this post: