I beg to differ - was in the room for 4 months and he puts a lot of 1 touch fills on the vids. I've been trading off and on for 8 years and I know when to expect a fill and when not to on the ES. Your comment "you snoozed it's that simple" tells me you are either a newbie or a shill or both.
I have stayed in contact with some past room mebers and they ALL complain about the videos being grossly innacurate.
Quite often EJ places NF (no fill) on his videos, even with a touch, maybe he has some minimum tick volume to say it's a fill, whatever.
If that's your only issue then I think you are being pretty picky.
Google is my friend.
*** Shill *** A shill or plant is a person who helps another person or organization to sell goods or services without disclosing that he or she has a close relationship with the seller. The shill pretends to have no association with the seller/group and gives onlookers the impression that he or she is an enthusiastic independent customer.
Far wide of the mark there SawDr. Not sure if EJ has many people in Australia with a 'close' relationship, but anyway, prove me right and poo poo this statement.
Last edited by Chesty; February 3rd, 2011 at 10:34 AM.
Reason: Response to an accusation
As a former EJ room member I have to agree with everyone above. Like anything his Plan has pros and cons. It is very binary. U have a setup or u don't. It is highly based on ribs and pull backs. So most entries require a touch till or going negative immediately on entry. This is one reason I personally like his system because I would rather enter on a positive stop rather than a limit coming back at me
His premature forecast in the room is very good and more often than not, correct. This is for a short term and longer term time frame. As a noob I did learn alot about support/resist/confluence which will help me in the long run. But as for his plan... It just wasn't my style
As far as the daily videos. They are based on his basic plan rules and more often than not require a touch to fill entry AND exit. I don't this they are inaccurate. But for sure not fiesable. His is a trader first and a marketer second. IMHO
Worth the money to learn some techniques, but I'm still searchIng to fnd and refine my style
. . . been doing EJ's room live for about a month. It has been a great experience. EJ IS CLEARLY IN THIS TO TEACH U. He is an advocate for everyone in the room. His early morning big picture kickoff is scarey accurate. I was in 2 rooms before (Gina and oscar) both decent if those are your style. Ej is really open and willing to answer questions and open minded to others that point things out to him. But, I will agree that his daily vids are abit forced . . . that being said tho - you can make good money if you are in the room. . . I don't hold him to the daily vids - Those are acurate for the most part, but a sales tool none the less. All in all, it has been a profitable and knowledge-gaining experience . . .
I tried junkie out for about 2 months. Overall i felt like i learned a good amount, and it seems like a reasonable trading room for absolute beginners. However, i was unable to make money with his methodology. I didn't lose much either, but certainly the videos he posts daily have some amazing results which are not at all what is made in the room. In fact, i found that in the room for the trades that he does call out and participate in, his calls are always really unclear, and it often sounded like he was waffling - deciding whether or not to take the trade, and not really letting anyone know if HE was going to take it (until it was already profitable of course). Often if a trade lost, after the fact he'd say 'oh, i passed on that one for such and such a reason. I found it a little suspicious.
So, i'm not sure if he's legit or just a trader who can't QUITE make money trading. There may not be anything wrong with that. He was a good teacher, and seemed like a nice person. He had some good things to say about trading psychology.
Before i joined his room i was also a member at eminiaddict.com. Their methodologies were so similar i thought they were probably ex-buddies or ex-business partners or something. I learned quite a lot from eminiaddict.com as well, he's a good teacher too, and seems like an honest person. He did NOT call trades out in his room, just concentrated on teaching. Ultimately i wanted trade calls, but i did spend a few months in his room learning from him, which i think was a good experience overall. I liked eminiaddict.com better, and i only mention it in this post because their methodologies are SO similar.