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KongZanaTrading live room plus strategy
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KongZanaTrading live room plus strategy

  #111 (permalink)
Market Wizard
Calgary, Alberta
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: Kinetick
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bobwest View Post
There may be no point in jumping into this controversy, but I'll just add a thought or two and then bow out.

First, I have no idea whether vk is legit or not, and it isn't anything I'm going to spend time on. There are many, many vendors out there. Some are fair to good, some are lousy, some are fakes. Maybe some are even very good. I am not looking for help there, and don't care one way or another.

Second, this is a vendor review thread. So, anyone with an opinion would contribute more if they had actually tried the vendor's product, and had good or bad things to say based on real experience. No experience = no value. I apologize if any of the critics do have real experience that I missed, but I wouldn't want to use someone's opinion that didn't have something in their own experience to back it up.

Third, I do agree with the general idea that most vendors are worthless, so I do think it is right to have a very high level of skepticism about all claims. It is also perfectly good to challenge any claims, in the sense of asking for actual validation. "Validation" could, for me, include that someone who is known on the forum has used it successfully. This comes back to the experience question. I would also say that the perfectly reasonable attitude of skepticism needs to be governed by the limit of someone's actual experience. So just saying that something is definitely a "scam," just on the general principle that all vendors are unreliable, is going further than the person's actual knowledge.

(Also, "scam" is about being deliberately crooked. That is not the same as not having something that is not really valuable. One is similar to an accusation of a crime; the other is simply the -- usually correct -- observation that they don't know anything. There is a big difference.)

Fourth -- and I'm finally getting to my point -- personal stuff about known forum members is not useful, period. Unless you really know something about them, and then you should PM @Big Mike and let him handle it. If someone is a shill for a vendor, then, according to the rules, they should be banned. Mike does that when necessary. So if anyone thinks this is the case, Mike should be informed. He will want some evidence, however.

------------

Now, as to cases, @sharmas has been around here for a while and has not been credibly shown to be a shill for this vendor, or any other I am aware of. He does post in a journal, and explains the trades, and lately they seem to be based on this guy's "system." I would take his charts and explanations as showing that he is using it. I am not going to trouble myself about whether I should use it, but who cares about that? And who cares about whether anyone else should?

It is not helpful to be slamming people whose only fault may be that they believe in a vendor's product that you may not, for good reasons or bad. This is a vendor review thread, so it has people's opinions of vendors in it. If there is no reason to think that someone with a positive comment or review is lying, it is wrong to assert that they are. And any such assertion, like the assertion of "scamming," is an assertion of wrongdoing that needs to have evidence.

We should be civil here. There are bad people and bad vendors. So what? Attacks without evidence are not justified.

I'll bow out now. Whether this vendor is any good is not my fight. But civility in the forum is.

Bob.

I couldn't have worded that better myself. :-)

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- Trade what you see. Invest in what you believe -
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  #112 (permalink)
Elite Member
Auckland
 
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While some focus on what wont work

Here is my ES trade

The algos work and keep working. 100.00% range achieved in ES today. Check it out for yourself.

This is my personal experience and i am attaching my charts and there is a secret weapon on the chart which gives me more confidence on the levels and range

Beautiful Long Trade and i have marked potential trades which the STS will take in Real time and i only use STS strategy and it brings home bacon.

Attached Thumbnails
KongZanaTrading live room plus strategy-es-06-16-1-unirenko-t1r8o4-7_04_2016.jpg   KongZanaTrading live room plus strategy-es-06-16-1-unirenko-t1r8o4-7_04_2016-2.jpg  
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  #113 (permalink)
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Fort McMurray, AB Canada
 
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How do the trend lines help?

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  #114 (permalink)
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It helps to

To avoid taking silly trades

I seem to like trend lines and a break with or after the signal lines helps me to get into the trade with confidence

Sharmas

spideysteve View Post
How do the trend lines help?


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  #115 (permalink)
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sharmas View Post
Here is my ES trade

The algos work and keep working. 100.00% range achieved in ES today. Check it out for yourself.

This is my personal experience and i am attaching my charts and there is a secret weapon on the chart which gives me more confidence on the levels and range

Beautiful Long Trade and i have marked potential trades which the STS will take in Real time and i only use STS strategy and it brings home bacon.

Hi Sharmas...

Someone already mentioned the indicator on the bottom looks a lot like a CCi. I have to agree.

The cci meassures the distance between price and a moving average. I forget if it is sma or ema. Anyways that is beside the point.

Just a dumb question here....do you see much difference between drawing trendlines on the actual price versus drawing them on the indicator in your bottom window?

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  #116 (permalink)
Elite Member
Auckland
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: Zen-Fire
Favorite Futures: CL and ES
 
Posts: 709 since Apr 2010
Thanks: 3,710 given, 658 received

Good Question

Personally i use a lot of trend line in my trading.

I have used it on my Momentum indicator and also i use it in a different way that i learnt from another very successful trader/mentor.

have a play and you will get used to iy and your way of trading style.

Sharmas


mmaker View Post
Hi Sharmas...

Someone already mentioned the indicator on the bottom looks a lot like a CCi. I have to agree.

The cci meassures the distance between price and a moving average. I forget if it is sma or ema. Anyways that is beside the point.

Just a dumb question here....do you see much difference between drawing trendlines on the actual price versus drawing them on the indicator in your bottom window?


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  #117 (permalink)
Elite Member
Fort McMurray, AB Canada
 
Futures Experience: Beginner
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mmaker View Post
Hi Sharmas...

Someone already mentioned the indicator on the bottom looks a lot like a CCi. I have to agree.

The cci meassures the distance between price and a moving average. I forget if it is sma or ema. Anyways that is beside the point.

Just a dumb question here....do you see much difference between drawing trendlines on the actual price versus drawing them on the indicator in your bottom window?

Go back to page 3, post 21 of this thread and you will see that is already been discussed. It is a cci with a MA

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  #118 (permalink)
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Human

VK is human and he makes mistakes like us too
And he stopped when he went to his daily loss limit

Daily goal of $1,000 - Today's performance - DAX +$1,211
Daily goal of $1,000 - Today's performance - DAX +$3,769
Daily goal of $1,000 - Today's performance - DAX -$7,237
Daily goal of $1,000 - Today's performance -
Total P/L this cycle +$16,054


Last edited by sharmas; April 7th, 2016 at 09:14 PM.
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  #119 (permalink)
Market Wizard
Birmingham UK
 
Futures Experience: Intermediate
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sharmas View Post
VK is human and he makes mistakes like us too
And he stopped when he went to his daily loss limit

Daily goal of $1,000 - Today's performance - DAX +$1,211
Daily goal of $1,000 - Today's performance - DAX +$3,769
Daily goal of $1,000 - Today's performance - DAX -$7,237
Daily goal of $1,000 - Today's performance -
Total P/L this cycle +$16,054

I would think losing 7X a daily goal would be a tilt day, not just hitting a daily loss limit, so I'm surprised it's not tighter. I work with much smaller amounts but definitely something I need to get sorted in my head as well, that's an interesting reminder.

Travel Well
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  #120 (permalink)
Elite Member
New York City, NY USA
 
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Posts: 27 since May 2015
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I've been a member for about 4 months


I'm pretty pleased with the training, the room and the strategies. I use some of the strategies that comport with my own trading plan. I don't use the strategies that don't fit my own plan.

I happen to prefer trend and momentum, so quite a few of VK's "by the book" trades work well for me. I don't care about calling tops and bottoms; I'll leave that for others.

I've been looking at momentum and MAs for a long time, and I can replicate VK's proprietary indicator with more than one combination of oscillators and MAs. But that indicator is not the point. If it was I would have stopped paying his subscription fee immediately. If an indicator could make a successful trading plan, we'd all be rich; there is no shortage of indicators, or combinations thereof. For me, the value is in the continued analysis and training.

I've realized that, as a trader, I need to be very rules-based. No "thinking" during the trading session. No opinions about "overbought" or "oversold" matter to me. No "fading" an uptrend or downtrend. No "what do I think?" If the trade meets my criteria, I take it. If it doesn't, I pass. Doesn't matter what I think. I trade like a machine. If I miss a move because I was following my plan, fine. There will be other trades. Although sometimes I spit out some expletives.

For me, it's very good rules-based system that I can use in my own trading plan.

You may be different. We all need to discover who we are as traders, and what we can see and codify to trade the markets consistently.

Is it perfect? No.
Will it work for everyone? Of course not.

Lots and lots of strategies/plans work; but not a single one of those working strategies or plans will work for everyone.

just my few cents,
a


Last edited by angela d; April 9th, 2016 at 08:59 PM.
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