I joined the emini live trading room for the 1 week free trial to see what they taught. That is Open Trader trading room site.
Here is my challenge to any of these trading rooms. I should be able to follow there call such that I should be able to make enough money in the 1 week trial to pay for their month live trading room fee. And then I should make enough money in the month live trading room to pay for their education course. Seems like a reasonable expectation. Yet as of Today, I have not found one Live Trading Room that has been able to do that. I am in another live trading room currently. In 2 days they have not taken a single trade, but we will see if they can deliver.
For my one week trial of emini I followed the speaker’s recommendation as close as possible and lost money during that week. It could have just been a bad week. Aaron, the speaker did a good job of explaining everything and was clear on entry areas and targets. But these areas based on ones’ risk appetite.
The speaker did not do any live trading and there were no trading statistics available. There excuse was that different people would implement the system differently. I understand different people will implement the system differently, such as where they buy in the zones and etc. But it would be nice to at least see that there is an implementation that is profitable in live trading and see the detailed trader statistics on those trades.
I would like to know what the Win Rate is, what the Risk to Reward is, how many losing trades in a row you can expect and so forth. Especially be nice of the results were audited by a 3rd party.
I am just amazed at how many people will pay them or any vendor thousands of dollars for their educational course with absolutely no proof the trading approach being taught can even be profitable implemented in live trading. Just reminds me of the investors who put their blinders on and invest with Madoff, without looking at their statement and ask where there money was being invested. I do not have that leap of faith personality.
Having said that I thought they were fairly straight forth. No ridiculous selling pressure. I thought Aaron did a great job and I thought there trading method has merit. In fact I will go out on a limb here and say they are one of the better trading rooms I have been in. Like I said maybe I was there during a bad week. I am still learning Price Action Trading. And maybe I will eventually try out their room for a month.
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I was suspect of these guys from the start..... it all seems too glossy from the start with the pronominal video and website..... However they did say they were going to show accounts but nothing as yet?
Awais founded eminiplayer and opentrader. Emini player has been around for a while so I would say he has some experience marketing. I think it would be hard to tell if they are "couple of real world traders" or not, but he has been around enough to talk a good game.
Math. A gateway drug to reality.
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So the original idea of open trader was good. A link to a traders account showing the pnl so you could get educated by someone who knows the game. One guy was James I think, who made sensible money. Then everything changed to this get education site, as to why I'm not sure.
That aside people that tell you about "setups" and support and resistance are at best lost. They are probably running this training in an effort to raise some capital so they can lose it in the mkt.
So these guys just like FT71 might know more than you so they seem legit, however they are probably not making money trading.
These guys worked with me so I could make payment arrangements for the training.
Then, they made sure I knew about the 60 trial.
I have dabbled for some years and done reasonably well.
However, I didn't always know the reasons that I was doing well...I was just doing what was working.
The videos that these guys have spell it out if you are reasonably intelligent and willing to THINK.
I could cancel and get my money back...not gonna do it...this stuff is way too good and I am waiting for them to Live Trade together.
Every wednesday afternoon they have a webinar to answer any questions and have always taken the time to do exactly what I've asked of them.
Now I understand WHY specific setups are working.
I was able to get on the TF downtrend this morning to the tick....well, 1 tick of heat and followed their instructions to maximize the trade. Awesome...just my 2 cents, for what it's worth
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Maybe it is a sign that their training is worth it. Seriously, i have considered taking their training but decided to abandon the idea. I think i know enough about volume profiling. I just need to up my ability to trust myself. That is not something you can't get from videos.
Last edited by trendisyourfriend; March 27th, 2013 at 08:16 PM.
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