1. wait to see viper change color to green
2. wait to see the up arrow
3. wait for the trend to turn green
4. wait for a pullback
5. confirm the trade up and enter long
your snapshot show price action in the "no man's land" area and is just a retrace testing the previous swing.
The retrace passed the swing and is probing deep in the zone but still have resistance to break in this choppy zone.
Those two bars up are a quick scalp for some buyers and pressure for limit sellers.
and for a real account or not....it doesn't matter since the system works like a charm.
Just take what you need from any vendor to make you a better trader and leave.
perryg was one of their stout defenders, but we haven't heard from him.
They excel in marketing Rube Goldberg trading methods that never work. With all the information available on the Internet to anyone who isn't too lazy to search, it's a wonder that anyone gives these people money.
Favorite Futures: Index,Currency and Energy futures
Posts: 1,701 since Jan 2010
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You have nothing to hear from me regarding this issue, and I am sorry to see that you once again DISTORT the facts, as you have done so much in the past. I do not support or defend one or the other, but you constantly attack people on a personal basis, and not on a professional basis regarding their methods. I still regard personal attacks on people distructive. If you can point out professionaly WHY their trading method are wrong please do so, if not better keep your thoughts to yourself, and do not distort my previous posts to you in any other way other than what I had written to you pointing out your obessions and destructive methods of communication.
Now if you consider it "personal" that I bring it to the attention of the community these methods don't work (and there are many others who have paid and agree with me), then I think you might have your own agenda in defending Viper. But you never published you results using it, so I'll go out on a limb and say they didn't work for you either.
So, at the risk of being redundant, let's settle this once and for all: the methods are "wrong" (to quote your word) because they DON'T WORK, meaning they won't make a profit. I don't know how to make that any more "professional" to appease you. It is what it is.
Today's Viper systems, both discretionary and automated, will be abandoned by the company in a few months (like ALL of the others they've sold) and new ones will be peddled with new names. And those won't work either. That's their modus operandi.
I am afraid at this point, I have to totally agree. The biggest joke of all was them saying they'd grandfather in the original clients, when the new price came, but then they abandoned everything, to switch to the new stuff. So the original users are grandfathered into nothing.
Frankly I wouldn't pay a dime for anything Rick has had his hand in.
They are now boasting new products such as authtraderelite and another less expensive autotrader.
They state over night trading is generating large wins to the tune of $1,000 +.
Anyone still a member and getting these results?