One thing I don't like about the trading "community" is false or fake information.
Your "facts" of 33% this, 33% that are rediculous considering you haven't seen but a few screenshots.
They probably don't offer trials because of how easily trials are converted to the full version in ninja.
The indicator has merit but you'll have to find it. It's not the red light, green light holy Grail that most are looking for. It's not predictive, no cycle indicator is, it probabilities.
The old adage applies here. Don't knock it till you try it.
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I stand by what I wrote. At the end of the webinar I asked for a trial. I was told tersely, "No, we don't do that." Now I see a posting that contradicts that. Somebody should tell the guy doing the webinars.
I have received 6 days covering 4 markets thru email. Again, what I observed was what I wrote...
1/3 time it worked, etc, etc. It is not hard to understand what you're seeing on these screen shots. The lower line is supposed to show the bigger overall trend and the upper line is supposed to show the wiggles within that trend.
You want to buy it? Buy it. But from what I've seen, I understand why no trial.
Lastly, to Michael... if you want to offer a free trial then post the info here and I'm sure you'll be able to get plenty of takers. Of course I'll take another look if you're offering a more substantial look than a handful of emails.
Exactly, you haven't seen anything. You can post an opinion of what you think might be the case but don't post 'facts' and 'statistics' based on nothing. The trading comminity is full of false information and you're not helping.
Attached, real trades of how I trade it. If I get a signal and have one of my proprietary S/R lines then I take it. Consider that I only scalp for 1 - 2 points. 3 - 5 tick stop.
So when someone tells me that what I use to trade is only 33% accurate and I am able to use it with 85% accuracy, over the long term, then I've got to call them on it. You're full of it Scott. Post some screenshots of trades that you would have actually taken with it that didn't work and ones that did work to back it up if you're that sure of yourself. Every dot isn't a signal, there has to be significance there. Maybe that's where your 'statistics' are coming from, if so then it's poor chart reading and trading ability, that would cause your kind of "results".
Again, any trial of a Ninja trader indicator can be converted to the full version with a little know how so I don't blame them for protecting their intellectual property.
If people would like to see more trades then just ask nicely. I'm not trying to sell anything over there. I just want to let people know it can work and I really respect the original creator of this.
Edit: added trades from Friday morning. I only trade mornings. Why trade more? 5+ points per contract there.
Last edited by tradingonvolume; May 16th, 2010 at 03:00 PM.
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Dont be so sure, the basic algorithm is actually based on a very simple idea. Basically what happened last Monday and the Monday(s) before will happen again next Monday (based on time of day). Same for the other days of the week. There is a lot of code behind the indicator because they are doing some things that don't match that well with NT, but the basic premise is rather simple.
I own the indicator, and have seen days where you know this is the grail, and then there are the other days where my cup does not hold water. Most days are in between those extremes. IMO, this indicator can not be used by itself, but needs to be paired with something else. I currently am not using it.
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Exactly. That's the good amount of logic behind it. It's a cycle indicator. This is why you must use it in conjunction with other indicators. All cycle indicators need more specific timing. If we're in an upcycle or downcycle where do we trade, right? That's why I have my S/R lines.
If you need some help using it I could give you a hand.
What I don't understand is why they can't get better than 60% on their own that comes straight from Michael. I can do that right now with Market Profile and Market Delta actually better. They keep throwing things like reverse radar and they still only get 60%, no one expects 90% but 60% not great. One can flip a coin for free and get slightly worse results. And often the ones that do work are early or late in move from my viewing. I give them credit for being honest that's unique in trading.
Agreed. It's up to you to get it past 60%. I think 60% is if you look at every single power zone. Personally I don't use the power zones. It's beyond my timeframe of trading. These trades with the "dots" are 85% with my S/R.
dandxg, if you're getting 60% then you're miles ahead of most traders. Nice work! With a consistent 60% you could increase your size to see nice profit with that percentage.
edit: attached are trades from the 12th and 13th of May, last week.
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This post has been edited so that it adheres with the futures.io (formerly BMT) no self-promotion policy. I would also like to remind ALL participants of this thread that no slander is allowed on the site, if you have an opinion about a vendor you need to directly cite your specific relationship and direct experiences with this vendor. Thank you -- Big Mike
(edited: removed details of customers using system -- Big Mike)
(edited: removed details of system and offer -- Big Mike)
Looking at a few days of charts with no training is like analyzing your own MRI's and X-Rays. It can be done, but it's not advisable. I'm grateful for clients that post their own experiences in here, as well. There are many more that would be willing to talk to anyone that wants to know more. Contrary to the industry's reputation, we're actually here to help - not deceive.
(edited: removed reference to system -- Big Mike)
Last edited by Big Mike; May 17th, 2010 at 03:33 PM.
Reason: no self-promotion