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marker
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Posts posted by marker
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I dont post much, but I was reading through this thread and there was a mention of the BullsEye, WaveTrend, and BullsEyeForecaster....I second this!
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Breaking NewsHuddy disappeared with some money and is being sued by several associates and being investigated by FBI
"... bought into Channel-trading.com business. got cond into giving him money to invest in a new hedge fund he was opening. Only thing he wd tell us is he was being extorted by some bad guys and had to do what he did. .. opinion is he lost it all trading and it went to far. Either way he won't pay it back says he doesn't hv it. So .. filing a civil siut and the FBI is involved."
Be careful out there
That is crazy.
If this is true, it seems to make sense.
Back when Huddy mentioned he was getting his Seriese licenses and said he was setting up hedge fund and to email him for info....I did think it was odd and strange and out of the ordinary for live room owners....
If this is true, how is it confirmed?
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Just found this old thread.
I'd figure I bring it back from the dead, LOL
Here is my Corn trade from yesterday, April 27, 2012
Traded 4 contracts, quick $850.00
Starting to look at ZS and ZW as well...
Folks on this thread still trading these babies?
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he's bad news.... stay away from him.wow, what happened? method is not good? his daily vids seems to be accurate and overall profitable week to week...no? just wondering....
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this guy has an autotrader with it, hmmmm. anyone out there see his vids? he has quite a few youtube viewers...
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anyone see his videos on youtube? pandastockpicks.com? it seems the method is kinda safe taking 1-2 trades a day? anyone know how to set up the method? or do i have to buy special indicators? or can I use free ninja indicators?
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Like I said, it goes both ways....SHOW US YOUR LOSING STATEMENTS to prove to us to keep our day jobs...until then, you are no better than those rooms who dont provide their statements like you said.....
If u dont want to show us, then just give a us some lame excuse of confidentiality or something.....
your argument goes both ways....
Only a fool living in hope would accept as proof a statement showing 1 days worth of positive trading. This is a ridiculously un thought through example.It's very unlikely someone is going to spend 3 months fabricating a 6 month historical trading statement, and then thereafter update it daily, which is the duration of history I am proposing is made available as verification.
I can see you all "want" to believe.
Go right ahead, but in advance.. I TOLD YOU SO!
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A-Men!
well written.......!
To add to the confusion...Showing a statement is not a guarantee. I could simply trade opposite in two accounts. Each and every day. Show the person who wants to see an account statement whichever one has been positive.
Ask Bernie Madoffs clients about their statements.
Perhaps some of you dont need a room to become successful traders. Others have found them to be beneficial and help cull us along to become financially successful traders.
I have tried one room - and still am in it - due to the amount of help it has given me in preventing over trading, dealing with the psychology of trading, and the camaraderie amongst other traders in the room. It has been more than worth it in my own opinion. And since you are spending your own money - the opinion of others - in the end - doesn't matter. In the end - it is a living "trading book". Every day I have an author who is talking to me during the trading day.
I have a bookshelf of books - and I didnt bother asking any of the authors for their profit and loss statements. Have you ever seen Mark Douglas P&L statements? Chances are 80% of people in this room have read his book(s) (Trading in the Zone, Disciplined Trader) and received some benefit from it. So - what does it matter if he is a winning trader???
Ever seen your typical General Contractors own home? Most of them are in a shambles. But they do excellent work on YOUR house. So do you automatically discredit them because their own spouse cant get them to finish a project at their home?
Ever hung out with a group of psychiatrists? They often have their own personal demons. Just because they do - doesn't mean they cannot be of help to you.
I just find it a bit distasteful to rip on "all" rooms because of your own experience. Buyer beware. Just like there are lousy books - there are lousy trading rooms. And as mentioned above...there are no holy grails. You seek people who can strengthen your own weaknesses. In the end - that will make you a better trader.
Just my two cents.
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I'm not here todefen eminijunkie, and your probably right. I'm just saying u can be profitable by creating and compilng your on system that is a fit for your own mind set.
By the way, you stress that your not profitable, do u care to show us your statement?
It works both ways, shows us your statement to prove to us that we should stick to our day jobs.
Bad attitude? Unhappy with myself? No, not at all. I just believe in telling it how it is and calling a spade a spade. And I'm not asking for your help, and I am in fact very happy with myself because I have never been caught out by people such as EminiJUNK.No, you're right you wouldn't send me your statements, you would use some subterfuge smoke screen reason not to like "I'm not sending you my statements because you have a bad attitude!".. because you in fact wouldn't be profitable and would be BS'ing like they all do. You couldn't send your statements in that scenario because doing so would show the world that you weren't telling the truth, so you'd create ambiguity and diversion to avoid the subject.
Why am I here in this forum? I'm here to slap people like you in the face who persist in living in hope, to WAKE THEM UP from their delusional dream, so they don't continue wasting their time and money on BS artists like EminiJUNK.
Why am I trying to help a person like you who persists in living in hope and being a gullible hopeless sucker? I guess because I'm more gracious and generous than you say you would be.
WAKE UP and smell the EminiCRAP!
Ask him for his statement to verify he is a consistently profitable trader and that it is therefore worth your while at least pursing his education. Make sure you acknowledge you understand that just because he is profitable it doesn't mean you will be.. otherwise he will refuse to send you his statement for this reason.
Even if you phrase your enquiry to eliminate this excuse from his repertoire, I bet he will still refuse, citing "confidentiality" type reasons.
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If you totally believe that one should stick to their day job, then why are you in this forum???????????
even if i was profitable, WHY WOULD I SEND YOU MY STATEMENTS, when you have a bad attitude and just plain old unhappy with yourself.
The bottom line, why would i help you? no way in hell would I help a person like you.
Enjoy the rat race...!
Leave the forum then. Why are you in this forum then?
No, it's not a little bit much. It's reality. Stick to your day job UNLESS someone can provide hard indisputable evidence that their stuff is worth paying money for.It's a hard world and this is the hard reality. Prove it, or f### off should be what these trading marketers are told.
And as for your comment, "we both know there are retail traders that are making it".. I don't. You're STILL living in hope in saying this. You WANT to believe.
In 4 years, not one person has ever sent me a statement (except a fraudulent fabricated one) to prove they make money consistenly.
Ultimately the markets are random in the short term (day trading), and inherently can't be predicted. If they could, then everyone would make money, which is not possible.
If there is anyone who is "making it", they wouldn't be wasting their time on the flea bag public. Why on earth would you?
The law of compounding means that you wouldn't need to deal with people asking stupid questions and having to explain things 6 times. As if anyone who is "making it" financially from trading would burden their life with such nuisance and hassle.
Hope is the most powerful word ever invented. Makes people do silly things even when all the signs point to doing the opposite.
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"stick to your day job" ??
wow...i know all trade rooms are not perfect. but to tell everyone that it is a lost cause and to 'stick to their day jobs' is a little bit much.....you and i know that there are retail day traders out there that are making it....its just finding and compiling a system to call you own and trading it consistently.....i have learned you need to gather up all the tools, indi's, strategies, and piece them together and tailor it to your type of mind set, emotions...and whalla! you can make it.....
believe me, i have been burned and blew my account up a few times trying to trade someone else's system in their trade room. That system may be profitable to them, cause its tailored to their personality and mind set, not mine.
so i have come really close (i hope) in gathering up info, indi's, strategies, etc...and tweaking it, and tailoring to my mindset and personality and my "max-pain-cry-uncle" draw down.....it may work for me, but may not work for others......
this is what i have learned so far........
You are spot on.I asked him to send me his statement to verify he was a consistently profitable trader as claimed, though you guessed it.. he wouldn't. "Confidentiality" and all the usual BS reasons wheeled out by scam artists.
If you're marketing a product or service in the public domain, and are asking for money from the public for that product of service, then it's a perfectly reasonable request to verify publicly that what you are marketing works and is worth paying for.
None of these services make money. Persisting in living in hope and chasing the dream of getting something for nothing (impossible in this life), will only see you waste your time and money.
Stick to your day job.
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Have you been in the room everyday, marking up your charts based on what he says are the entries? i did and his bogus videos showed winners that were not there during the day (and many losers were NOT shown). I hope it works for you. i have been trading for 7 years and I know B.S. when i see it. I will never work with another vendor unless they show me statements - this eminijunkie does not trade his own stuff - I can tell by his comments in the room.You might be defending him now, I predict you will be signing a different tune soon enough.
I totally hear what you say, I dont disagree or agree with you. But here is the thing....every night when he posts he vids, I go to my chart and plot the trades with the video. They do show up, really, they actually do show up per his entry rules.....The thing here is that he will show either the extension fib trade or the regular fib trade. So many skeptics might see a video successful trade , but you you plot it yourself, its not there, the reason is that the videos showed a successful extension trade, there by when you plot manually, the regular fib trade never triggered, but you needed to draw the extension trade. This is what everyone is questioning when they dont see the successful trade on their charts, but it was actually a successful extension trade.....
also, what people may think it was a losing trade and was never posted in video, was actually a trade that was signaled, but never triggered per his trading plan rules, like the "9 tic" rule, which is the big requirement. i truely believe this is also a reason why the skeptics are saying that a trade was a loser but never posted, it was signaled, but never triggered for a trade.....
Here is where I am at, I have been trying other rooms to hopefully find something to replace EJ, havent found a good one to bump EJ off.
Would you have any suggestions with a live room?
I am not ready to trade on my own and need a live room to help me to that point.......
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When I was there (4 months) someone kept asking him about specific trades that were in the videos (suggesting they were innacurate) and he would quickly say that he thought they were accurate and move on to another subject. He would NEVER go over each trade in question in order prove that they were accurate. this would have been a big help to the people in the room.Maybe you have not been there long enough, in time you will see. Why would he put a trade on the video as a win that was a loss in the room - he did that every week and that is unethical at best.
i have been with EH since Oct 2009, never seen that....but, then again, why would he lie in the videos knowing that member would see the video?
maybe when a video trade is a fast extension, some members believe that this might be the issue and to believe its inaccurate.....just my thoughts.....
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His video recaps are quite simply an effort to deceive potential customers. The fact that he doesn't let you question them tells you how dishonest and ingenuine he is. He feigns transparency when there is none.I will have to disagree with EJ not let you question. In the live room, we all ask him to explain the trade, and he does. On his videos, I have personally and other have as well, questioned him on certain trades in the members forum, and he does reply and explain....
So I dont know where you get that he doesnt let us question him. If he doesnt, then everyone will know in the room, because he has live chat on Omnovia, and everyone can see what everyone is writing to him.....so how much transparent can he get? the rooms that use gotomeeting and dont have visible chat are the ones not transparent.
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His video recaps are quite simply an effort to deceive potential customers. The fact that he doesn't let you question them tells you how dishonest and ingenuine he is. He feigns transparency when there is none.hhhmmmm.....i defend EJ, but yet agree with these feedbacks somewhat....
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I traded with Emini Junkie for approx 4months also.It was a complete waste of time and money. The videos results are not true results!
Many times in the videos sent out(25Tick gains), have different results (losses) in the trades that were actually taken in the room!
Its very very easy for Emini Junkie, to take Fib retracement levels, from different level in the videos, than what was actually taken in the room to make the video results look the best possible!
Dont waste your money
I agree with you somewhat.....not every room is perfect, just need to find the right fit.....are you in a room or trading on your own?
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whew, $400/month on a jumpy CL market.....but if the room is good and profitable and you can learn to trade like the mentor on your own, then well worth it.....let us know....
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Looks like this was more the link I needed. I was asking if anyone know of any good trade rooms. I don't want a sales pitch, just what kind of results are people getting. I am going to test out the a sponsored link on CL trading this week. It is a free trial and I trade CL every day so, I can see how it compares with my system. I don't want anything that will distract me from my trading, but I am always looking for new ideas and even new markets I have not thought about to diversify. Thanks for the input.Ahhh, Hello WorldTrader, I created this thread. If you dont like the so called sales pitch, which it is not, then dont read or post in this thread.....okay?
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Wow - looks like we've got a hot head here.I gave you my feedback AND my experience about junkie - and I told you that SIM results don't mean anything...it all changes when you go to real money.
Stay in the room for all I care, I warned you...and peace out (whatever that means).
i may be a little hot head due to so many people here in these forums that try to argue about something that is not there...so sorry if I was a little heated there...anyway...I disagree with you....SIM does mean alot as long as you are trading it like real money....i know its hard to trade sim as real money, but I am finally doing it...i have blown my account up with real money a few times after i traded sim the wrong way....in the past, i traded sim like its no big deal and just gambled and doubled down with fake money giving me false confidence, but now, after blown accounts, i am a little wiser and now trading sim like its real money, honest....
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Well Marker, your results are pretty good.....perhaps you can make a live trade room for the morning and trade live and unlike EJ calls the trades and show the DOM. Lets make some
:2c::2c::2c::2c::2c::2c::2c::2c:i was seriously thinking about that...stay tuned....i was thinking to charge only $24.99/month, thats it.....
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You were in SIM - trade real money and post your statements.still learning buddy...and still trying to narrow these trading rooms down to one.....
and BTW, i will not turn this into a thread war....your the one chiming in on this, you didnt have to post in this thread....your right its in sim, so ill revise my numbers:
6/3 $10,500.00
6/4 $30,330.00
6/7 Did not trade, had to work
6/8 $3,500.00
6/9 $50,000.00
6/10 contract rollover, couldnt find a good entry
6/11 $1,500 bad EJ day
Satisfied!
And the thought that I was expecting some good feedback from your experiences......peace out!
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I was a eminijunkie room member for 4 months. I have been trading for over 5 years and was looking for a mechanical method in order to combat some psychological demons getting in the way of my discretionary trading. Here are my thought on his method and room:1. His video results are bullsh#t. There are ALWAYS at least 4-5 full stop outs per week that mysteriously don't show up on his videos. Many days he shows as +20 tick winners are barely break even and break even days can easily be -20 losers. When I emailed him about losses he missed he'd sometimes say "yeh, I missed that one" or he'd draw the fib from a different spot than he normally would just to try and defend the trade.
2. His trade management and risk/reward is terrible. A full stop for the suggested 2 contracts is -14 ticks, his average gain is +2 ticks for T1 and about +7 ticks for T2. You need 2 winners for every loser to get back to even after commissions. He boasts that when you get your T2 +2 ticks you then move your stop to -4 ticks to "reduce risk". It might make you feel good but that usually means its wrong and in this case it is wrong.
3. He has other trades he's call "range trading" he NEVER says "I'm in a range trade right now at x price, my stop is x and I will exit at x. All he says is "I've been range trading this and making money"...sure your have.
4. He is a great salesman - he was a salesman for Tradethemarkets.com before starting the room. He's able to brainwash people into thinking that every market move is based on a 50% retracement...bullsh#t after the fact chart reading is all it is. Show us your statements and I will believe you are a profitable trader and can make those ticks in your videos. Guess what, he'll never do that because he is not making anything close to what he shows on the videos (if he is even trading at all). When he has shown "live trades" on video THEY WERE IN SIM !!! (you can tell by the infinity DOM).
Since his plan and room are cheap people stay in for a while...believe me, they are wasting their time as his risk/reward will eat them up eventually. I've seen that some room moderators are getting transparent these days and showing their trading DOMS live. If any "junkie" is reading this post you should suggest it to him in the room one day - see what he says
to be fair, isn't 7 tics kind of a small stop? compare to other rooms? and the stop is moved to -4 tics after the 1st contract goes to target 2 tics. So if you get a stop out on the 2nd contract, you end up with -2 tic (-$25) net profit, if the 2nd stops out. And based on all internals, heikin ashi bars, and 50-60% ambush longs/short levels, the odds are that you will get that 2 tics initial target.....
here are my results this past week in sim on this method:
6/3 $212.50
6/4 $362.50
6/7 Did not trade, had to work
6/8 $300
6/9 $162.50
6/10 contract rollover, couldnt find a good entry
6/11 $150
these results are not every single EJ trade, I missed some, and just traded the morning session....not too bad....
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Yeah, I'm getting more and more disappointed with the EminiJunk....following the trading plan alone is NOT enough it really leaves you hanging and can't fully understand it.....man, his youtube videos are really ENTICING! but after being in the l ive trade room, i'm getting pissed off because he DOES NOT CALL the trades and it's always AFTER THE FACT....and the entries are VERY DISCRETIONAL so, he somehow seems to pick the winners.So, as you can see I'm not as happy now as I was at the beginning of the week...plus EJ is kind of a dick in the chat room....he NEVER sounds like he does in the videos like so happy and cheery.
yep, EJ can be a real d&%k if you make a wrong comment, stern teacher, LOL....thats my only gripe about him......
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I was a eminijunkie room member for 4 months. I have been trading for over 5 years and was looking for a mechanical method in order to combat some psychological demons getting in the way of my discretionary trading. Here are my thought on his method and room:1. His video results are bullsh#t. There are ALWAYS at least 4-5 full stop outs per week that mysteriously don't show up on his videos. Many days he shows as +20 tick winners are barely break even and break even days can easily be -20 losers. When I emailed him about losses he missed he'd sometimes say "yeh, I missed that one" or he'd draw the fib from a different spot than he normally would just to try and defend the trade.
2. His trade management and risk/reward is terrible. A full stop for the suggested 2 contracts is -14 ticks, his average gain is +2 ticks for T1 and about +7 ticks for T2. You need 2 winners for every loser to get back to even after commissions. He boasts that when you get your T2 +2 ticks you then move your stop to -4 ticks to "reduce risk". It might make you feel good but that usually means its wrong and in this case it is wrong.
3. He has other trades he's call "range trading" he NEVER says "I'm in a range trade right now at x price, my stop is x and I will exit at x. All he says is "I've been range trading this and making money"...sure your have.
4. He is a great salesman - he was a salesman for Tradethemarkets.com before starting the room. He's able to brainwash people into thinking that every market move is based on a 50% retracement...bullsh#t after the fact chart reading is all it is. Show us your statements and I will believe you are a profitable trader and can make those ticks in your videos. Guess what, he'll never do that because he is not making anything close to what he shows on the videos (if he is even trading at all). When he has shown "live trades" on video THEY WERE IN SIM !!! (you can tell by the infinity DOM).
Since his plan and room are cheap people stay in for a while...believe me, they are wasting their time as his risk/reward will eat them up eventually. I've seen that some room moderators are getting transparent these days and showing their trading DOMS live. If any "junkie" is reading this post you should suggest it to him in the room one day - see what he says
These are all legit questions and concerns that I had once....
Did you ever find a better room out there? Which room would you suggest....?
Someone turned me on to TradersHelpDesk.com, it has free live room. Never attended room yet, I will next week.
How Do You Trade the News in Forex Trading?
in Forex
Posted
Has anyone been "bracketing" the news? Meaning have both long and short orders ready before news announcement is released, then once it's release, one order will be filled and the other will cancel out (OCO)? Of course there are techniques to correct the trade if it whips saws around? Never tried this, but just curious if anyone has been successful with it.