I have been in the room for over a couple months .
His system seems to be working if you can stay focused and disailned I think you will find success with it.
It is simple and a great value for the money.
I do find If I stick with the correct call trades I do fine at the end of the week and will be in the green.
My problem is I still take to many of my own trading ideas at some made up S&R that I have made up in my head at the moment.
If you stay focused and only take EJ trades you will be fine .
I am still trying to stick to the plan at the momment with the "correct" trades.
Getting better each week and believing in his system.
Hard to say if it's SPAM or not, @pgain seems happy to be in this trading room.
It's not because the huge majority thinks this trading room is not good at all that a single user, somewhere, can like it.
We'll review this with the other moderators, thanks to the reporter.
Usually in trading, those who know don't talk, and those who talk don't know. (Al Brooks)
success requires no deodorant! (Sun Tzu)
The following user says Thank You to sam028 for this post:
I have to laugh when someone says, "I backtested this method, and it doesn't work..." Believe it or not, you can't backtest everything.
I was a member of eminiaddict's room for 2 or 3 months when it first started, and I believe eminijunkie was a member there as well for a time. EJ broke off and started his own thing. He does a better job packaging and marketing it than EA. But from what I've seen, EA's use of fibs was more realistic (EA swing trades). Scalping (EJ) with fibs is very difficult imo.
But on the use of fibs in trading - it is still one of my primary tools in my arsenal. It still amazes me how many people use fibs on the ES - I see time and time again when there are mass exodus at defined fib targets. Even if you don't use fibs, you should know it to see what your competition is looking at. Though, if you are a scalper, I don't find fibs provide much value.
Fibs are a difficult method to learn for the beginner, especially given that they look simple enough to understand. But if you're a relatively new trader, imo, you need 6-12 months before you'll see the genius.
The following 2 users say Thank You to Snoop for this post:
I used eminijunkies for 4 months just trading the first 2 hours and I don't get the same result as the video. Sometimes, price will touch your price but no fill. If you really want the fill, just enter at 38% line of fib. As to date, I have never made any money with this system. So beware. The one thing I learned from this system is discipline.
We are getting together for a Bahama Cruise with your fellow EminiJunkie.com traders... Five days of fun in the sun to decompress and reflect on 2010 prior to the Holidays... I will plan on hosting a social event on one of the islands during our trip.
Packages start at $415 plus tax. Our sailing date is Friday December 17th, from Charleston. SC. Please see attached flyer for all the details and give Linda a call if you would like to be part of the Emini Junkie Group trip.
Response to the last poster - Haven't personally used the ASG but most in the room seem to concur that it nails the entries just as EJ calls them, depending on how many filters you have turned on, I think there are nine, most people use 5 to 6 because otherwise it wouldn't call many trades, but if you're cautious you can add the others.
As for the room, firstly, I am not a spammer - I live in Australia,My name is Steve.
I joined the room 6 months ago as a complete newbie (other than the 2 months I wasted with a so called reputable Australian Eminis provider to the tune of $8,000 for the course, which included the shitty photocopied trader manual that wasn't even in colour and the training discs pathetically burnt and stamped on a PC - Plus $295 a month room access fee's, do the math, you'll work out who they are)
When I joined the room (before I get shot down here) as a beginner, I was blown away by the level of skills required to trade the ES. EJ has a really good knack of explaining the intricacies of trading the ES. His plan (unless you are already knowledgable) is confusing (or was to me). Then I ordered the DVD and watched the free training videos in his forum that explained a lot.
EJ spends a lot of time answering questions in the room, when he's not focussed on the market. This plan will teach you discipline for sure. Bear in mind that his free daily videos are taking every single entry the plan calls. Quite often in the room he will call a trade but advise whether it looks good or bad, I have often through caution not taken trades because of the caution he has placed on them, I have then seen them either take a reduced risk stop out or a full stop out.
Very few of the really good setups ever get to and FSO, 70% hit their target, maybe 25% get a RRSO and 5% will get an FSO.
Now the results, if I add up all the trades called I would be well in front. Unfortunately I got bored over the Christmas break and traded. I lost on quite a few (bearing in mind that I didn't EJ's words in my ear and I pretty much just gambled).
In the past month I have almost recouped my losses and am totally commited to this room. $69 p/m is so cheap compared to the other (so called reputable Aussie Eminis room provider).
The other thing not included in the plan but regularly talked about in the room is edge trading (these trades don't get included in the daily video because they aren't in the plan). EJ has a great style also taking these trades and if they were (and will be soon included in the updated plan which is free to all plan members) included in the video, would paint a much better picture on the range days.
You know what I think, there are people in this forum who want to poo poo a system because they are to useless to commit to it and make it work. They are weak, they take their own bad trades from their own bad habbits and want to blame someone.
Follow the trading plan and the trading progression, go on sim for a few months, whatever it takes. If you don't get filled on an entry, you snoozed it's that simple. EJ doesn't include touch entries in his video, only proper fills.
If you have a few years of bad habbits, go see EJ, if you are a complete newbie, go see EJ, if you are intermediate, go see EJ.
If you are a total wanker, stay the F&^$ away from EJ.
Last edited by Chesty; February 3rd, 2011 at 10:16 AM.
Reason: Grammatical errors, no wording changed.