[SRspider]

Just my opinion here. I am not recommending anyone or anything. There is a site in which a one month statement is shown in a video. I traded with them a for a little while and it did not work for me, but that does not mean that it does not work for others. That site is efuturevision you can check it out and due your own due diligence.

In my opinion, the best way to learn is by educating yourself on several principle about the market.
Learn to spot support and resistance levels, then learn some triggers to get you into a trade. Pick your spots and take your triggers, try to keep your losers small and milk the profitable ones as much as you can.
Also learn whether you want to take pullbacks in a trend, or whether you want to take reversals at tops and bottoms. There are also break out traders but I don't recommend that as many times break outs are fake outs.
Again just my opinion.

[mtfalk64]

I have been in both and I like EminiJunkie for his method and for the most part did help me but his videos are not always the same trades that were given in the room.... He does not trade the afternoon but shows you what you could have HAD. Give me a break, anyone can say this was a standard fib or extended fib after the fact but lets face it, that is not trading live. I can say he gave an entry and the room was mostly all full stop outs. But the nightly video was a winner, why cause he used a different anchor for the video then he did live. NOT FAIR and NOT GOOD.

About Channel Trading, seem like he was already in and if it was working he said yep should have been in at ...... but if the trade was not working then he would say well that is why I waited.

[malona]

Oh GAWD Emini Junkie? I've been there and stay away. The guy posts some after the fact bullshit saying he's in a trade when it worked after it went the right direction. He takes profit at 2 ticks and moves stop at breakeven when the two ticks are hit. But in the video on he's website it will show a full profit even though in he's chatroom it would have been only a 2 ticks profit and the rest is stopped at breakeven. The profit he takes in he's website are flaw and fake. Trust me on this one I only stayed in he's room for a month and I left. Stay away guys stay away. The method he uses is just a simple crossover with buying/selling at pullbacks near the 50% fib retracements which he calls ambush. lol what a bull.

[see3d]

I have looked at several live trading rooms over the years. I think it takes many months to a year to fully grasp what is being offered and how much help or harm it will do to continue. The criteria is based on how well the methods of the room and teacher match up to your personality and needs. That includes protecting your capital -- both money and psychological capital. No one room is going to be right for everyone.

I am currently a member of EminiJunkie live room. I have been in the room every day except for vacations for the last 9 months. I feel that I understand the EJ style of mechanical and discretionary trading, his mentoring style, and watched how students have progressed when following his mentorship.

Another student of his found this thread and pointed to it. I read the whole thing, but did not feel that what was presented came close to my experience. I believe I am qualified to rate the EminiJunkie live room service at this point.

First a little more background on my general experience.

I am retired from professional life for 12 years. I have been learning day trading for the last 5 years. I have been studying the different styles, looking at the mechanical edge that may exist in them through computerized backtesting. I have studied the psychological aspects of why one trader given a profitable system will make money, while another given the exact same system loses money. I have studied profitable day traders in realtime to understand how they do what they do with their so called "mechanical" systems. There is more to this than meets the eye, just as there is more to being good at a profession than just reading a book, or getting a college degree. It requires experience. It requires failures and successes -- learning from each and moving forward. Many successful traders say it required 10K hours of dedicated learning experience to become a consistently profitable trader. Then you have to keep learning and checking yourself (psychologically) to stay consistent. However, I believe a good mentor can shave years off the process. I was looking for a good mentor during my inquiries. I found good traders who were not good mentors. I found good mentors who were not good traders. I knew exactly what I was looking for in trading style and mentor style by the time I happened onto the EminiJunkie site.

I read the free trading plan summary before deciding that I would spring for the full ebook plan (for less than the cost of one of my small stop-outs). I was immediately presented with the opportunity at checkout to also sign up for a 6 hour DVD training and a month in the live trading room for about half price -- If I ordered right now!

I thought that was a cheesy bit of marketing, but I also thought it was a bargain (less than a full stop-out), so I bought the works. It was the least expensive offer I had seen for a comprehensive training program, so I looked past the cheesy internet marketing -- which I get hit with every hour anyway (I am immune at this point).

The only thing I really had at stake was wasting a lot of my precious time running down another blind alley. Oh, and the other thing that was potentially at risk was my capital if I followed his system and it was a bad one. I had already done that on many occasions before. The subscription costs were a minor loss compared to following the actual trading calls.

I am very good at initially following instructions to the letter with a new service, but after losing enough $$$ I start to flinch to protect my capital -- and a good thing too in all previous cases. I carefully analyzed every trade call and every trade I made to find the disconnect. If I am not at fault, then I move on.

What I found with EJ after the first month was that unlike other services I had tried, he was more concerned with protecting his students psychological and trading capital while we were learning. That impressed me a lot.

EJ has a training progression plan that is designed to teach the mechanics of his system while gaining confidence in the system before risking a dime in the market. Many of his students do not follow his advice. They are so full of greed that they want to skip all the training and start placing bets on day two. That does not work out so well. I suspect that those who spent a short time on his room and then left disappointed fell into that category. They were expecting someone just to hand them money for showing up. Life is not like that.

I have to come clean here. I was placing live trades on day two. However, it was for a different reason than most. I don't seem to focus and learn well if I don't have some skin in the game. I had already had a lot of experience trading the ES, so I decided to trade live while learning, but with only one contract. My objective was not greed, but to compensate for my own personality learning quirk. If they made half size contracts, that is what I would have traded. My expectations of success was to break even during the months of learning, since I expected to make plenty of mistakes.

I would recommend that anyone else should follow his progression on a trading simulator exactly according to his plan. I see the wisdom in that. I might have been better off if I had taken that route. Some of his students eventually go back and start over with the progression after failing with live trading, while watching the ones who followed the plan succeed.

I should stress at this point that EJ is NOT a service to call out trades for members to blindly jump on. EJ is a training and mentoring service. The purpose is to teach you to trade in a style that suits your personality (that you feel comfortable with), within the framework of the setups that are part of his trading style.

That can be frustrating for some who are not interested in learning to trade, but just want to be told what to do, and expect to make lots of money being a zombie.

I had seen plenty of systems work for the experienced trader and fail for the student. I wanted more. I wanted to learn all the subtle things about trading that made the difference in becoming consistently profitable. That was what I saw as the potential for me with EJ.

After 9 months, I am still learning. EJ loves to teach trading. He doesn't care how many times he has to answer the same question from the latest new student. He takes an active interest in how each student is progressing. He explains his thought processes for taking a trade that is slightly outside the printed plan, or not taking a trade that is just inside the plan. Those are the most important lessons. He also teaches some additional trading techniques in the live room that are not part of the printed plan.

He is one of the few mentors I know that can trade while teaching. He does take some of his own trades during the day, but he does not explicitly say that he is about to take a trade for x contracts at x price. That would be a big disservice to his students.

Instead he calls out the different plan setups that are approaching and the discretionary factors that could be taken into account for a better entry depending on the stage of learning and trading style that has been adopted by that the various students. He always advises exit points for those who have taken one of the possible entry points and several money management styles.

Now about those nightly videos that people comment on. They are NOT supposed to represent the trades taken in his room. They are supposed to represent the maximum potential of the mechanical system (one of several) for profits and number of trades. He states that disclaimer at the front of every video. They are used by his students as a guide to check their trading performance against -- on a trade by trade basis. They represent the mechanical benchmark that does not drift with time.

The best students in the room can beat the benchmark. The average student will have a hard time measuring up during the learning process. The best students have very few losing days, and the ones they do have are small. That is the potential of the EJ system if someone is willing to put the time and effort into learning it well.

Is it going to happen overnight? Of course not. In one month? Not a chance. A student is going to have to be prepared to spend 6-18 months in training to get to decent performance.

This has been a great learning experience for me, and the least costly one in my 5 years of learning. I am still learning every day, and I expect to continue to learn for some months yet. I am also pleased that I did not lose a ton of money on this learning experience like happened to me before. I met my goal of keeping my trades small and my performance in the noise level of break even durning training. I count it as the best risk/reward value so far in my education.

When reviewing which trades I choose to take and which ones I choose to pass on, or what entry criteria I choose, I see that I left a lot of money on the table. However, that was the point -- to learn what would work for me, and what would not work for me, while not losing money in the process. I am happy with what I learned about the system and myself, and now I have the outline of a custom trading plan that suits me perfectly. Perfect implementation of that plan is my next goal.

[MightyMouse]

Originally Posted by see3d »

I have looked at several live trading rooms over the years. I think it takes many months to a year to fully grasp what is being offered and how much help or harm it will do to continue. The criteria is based on how well the methods of the room and teacher match up to your personality and needs. That includes protecting your capital -- both money and psychological capital. No one room is going to be right for everyone.

I am currently a member of EminiJunkie live room. I have been in the room every day except for vacations for the last 9 months. I feel that I understand the EJ style of mechanical and discretionary trading, his mentoring style, and watched how students have progressed when following his mentorship.

Another student of his found this thread and pointed to it. I read the whole thing, but did not feel that what was presented came close to my experience. I believe I am qualified to rate the EminiJunkie live room service at this point.

First a little more background on my general experience.

I am retired from professional life for 12 years. I have been learning day trading for the last 5 years. I have been studying the different styles, looking at the mechanical edge that may exist in them through computerized backtesting. I have studied the psychological aspects of why one trader given a profitable system will make money, while another given the exact same system loses money. I have studied profitable day traders in realtime to understand how they do what they do with their so called "mechanical" systems. There is more to this than meets the eye, just as there is more to being good at a profession than just reading a book, or getting a college degree. It requires experience. It requires failures and successes -- learning from each and moving forward. Many successful traders say it required 10K hours of dedicated learning experience to become a consistently profitable trader. Then you have to keep learning and checking yourself (psychologically) to stay consistent. However, I believe a good mentor can shave years off the process. I was looking for a good mentor during my inquiries. I found good traders who were not good mentors. I found good mentors who were not good traders. I knew exactly what I was looking for in trading style and mentor style by the time I happened onto the EminiJunkie site.

I read the free trading plan summary before deciding that I would spring for the full ebook plan (for less than the cost of one of my small stop-outs). I was immediately presented with the opportunity at checkout to also sign up for a 6 hour DVD training and a month in the live trading room for about half price -- If I ordered right now!

I thought that was a cheesy bit of marketing, but I also thought it was a bargain (less than a full stop-out), so I bought the works. It was the least expensive offer I had seen for a comprehensive training program, so I looked past the cheesy internet marketing -- which I get hit with every hour anyway (I am immune at this point).

The only thing I really had at stake was wasting a lot of my precious time running down another blind alley. Oh, and the other thing that was potentially at risk was my capital if I followed his system and it was a bad one. I had already done that on many occasions before. The subscription costs were a minor loss compared to following the actual trading calls.

I am very good at initially following instructions to the letter with a new service, but after losing enough $$$ I start to flinch to protect my capital -- and a good thing too in all previous cases. I carefully analyzed every trade call and every trade I made to find the disconnect. If I am not at fault, then I move on.

What I found with EJ after the first month was that unlike other services I had tried, he was more concerned with protecting his students psychological and trading capital while we were learning. That impressed me a lot.

EJ has a training progression plan that is designed to teach the mechanics of his system while gaining confidence in the system before risking a dime in the market. Many of his students do not follow his advice. They are so full of greed that they want to skip all the training and start placing bets on day two. That does not work out so well. I suspect that those who spent a short time on his room and then left disappointed fell into that category. They were expecting someone just to hand them money for showing up. Life is not like that.

I have to come clean here. I was placing live trades on day two. However, it was for a different reason than most. I don't seem to focus and learn well if I don't have some skin in the game. I had already had a lot of experience trading the ES, so I decided to trade live while learning, but with only one contract. My objective was not greed, but to compensate for my own personality learning quirk. If they made half size contracts, that is what I would have traded. My expectations of success was to break even during the months of learning, since I expected to make plenty of mistakes.

I would recommend that anyone else should follow his progression on a trading simulator exactly according to his plan. I see the wisdom in that. I might have been better off if I had taken that route. Some of his students eventually go back and start over with the progression after failing with live trading, while watching the ones who followed the plan succeed.

I should stress at this point that EJ is NOT a service to call out trades for members to blindly jump on. EJ is a training and mentoring service. The purpose is to teach you to trade in a style that suits your personality (that you feel comfortable with), within the framework of the setups that are part of his trading style.

That can be frustrating for some who are not interested in learning to trade, but just want to be told what to do, and expect to make lots of money being a zombie.

I had seen plenty of systems work for the experienced trader and fail for the student. I wanted more. I wanted to learn all the subtle things about trading that made the difference in becoming consistently profitable. That was what I saw as the potential for me with EJ.

After 9 months, I am still learning. EJ loves to teach trading. He doesn't care how many times he has to answer the same question from the latest new student. He takes an active interest in how each student is progressing. He explains his thought processes for taking a trade that is slightly outside the printed plan, or not taking a trade that is just inside the plan. Those are the most important lessons. He also teaches some additional trading techniques in the live room that are not part of the printed plan.

He is one of the few mentors I know that can trade while teaching. He does take some of his own trades during the day, but he does not explicitly say that he is about to take a trade for x contracts at x price. That would be a big disservice to his students.

Instead he calls out the different plan setups that are approaching and the discretionary factors that could be taken into account for a better entry depending on the stage of learning and trading style that has been adopted by that the various students. He always advises exit points for those who have taken one of the possible entry points and several money management styles.

Now about those nightly videos that people comment on. They are NOT supposed to represent the trades taken in his room. They are supposed to represent the maximum potential of the mechanical system (one of several) for profits and number of trades. He states that disclaimer at the front of every video. They are used by his students as a guide to check their trading performance against -- on a trade by trade basis. They represent the mechanical benchmark that does not drift with time.

The best students in the room can beat the benchmark. The average student will have a hard time measuring up during the learning process. The best students have very few losing days, and the ones they do have are small. That is the potential of the EJ system if someone is willing to put the time and effort into learning it well.

Is it going to happen overnight? Of course not. In one month? Not a chance. A student is going to have to be prepared to spend 6-18 months in training to get to decent performance.

This has been a great learning experience for me, and the least costly one in my 5 years of learning. I am still learning every day, and I expect to continue to learn for some months yet. I am also pleased that I did not lose a ton of money on this learning experience like happened to me before. I met my goal of keeping my trades small and my performance in the noise level of break even durning training. I count it as the best risk/reward value so far in my education.

When reviewing which trades I choose to take and which ones I choose to pass on, or what entry criteria I choose, I see that I left a lot of money on the table. However, that was the point -- to learn what would work for me, and what would not work for me, while not losing money in the process. I am happy with what I learned about the system and myself, and now I have the outline of a custom trading plan that suits me perfectly. Perfect implementation of that plan is my next goal.

Wow!

If I wanted to, could I sign up and, unlike you, could I actually be in the trading room every day including holidays? I don't think I would sign up for anything unless they let me trade on holidays and weekends. Let me know. You have whetted my appetite with your commercial.

[see3d]

Originally Posted by MightyMouse »

Wow!

If I wanted to, could I sign up and, unlike you, could I actually be in the trading room every day including holidays? I don't think I would sign up for anything unless they let me trade on holidays and weekends. Let me know. You have whetted my appetite with your commercial.

MightyMouse,

Sorry if I gave the impression of a commercial. I tried to be honestly objective with my experience. I don't have a lot of good things to say about most trading sites I have tried. I do not have any financial incentive for someone to join this room because of anything I say.

The main point is that this is a teaching/mentoring site. The room is only active between the hours of 9-12 ET. Those are the class hours. If you can't be available between those hours, then it does not make any sense to sign up for the room. The room is open and unmoderated in the afternoons for discussions between members, but it is not very active in the afternoon -- except on FOMC days.

The morning produces the best trading results for the EJ system, so it does not make sense to trade at times when the risk/reward is not as favorable. There is more to life than trading.

I realize that not everyone is free to trade during those hours. I actually use the methods taught by EJ to chart out the trades in after hours. The methods work during those hours also, but I don't place actual realtime trades during those times. I just do research.

Even though the room is not open after hours and projecting charts, each student should have their own charts set up in the same style as in the room. A student should not need the room to understand how to trade in the EJ style after they have learned the system. However, the constant reenforcement of the mentor keeps me from wondering off the reservation too far.

I am aware of another site that specializes in teaching after hours trading. I have not tried it. It looks to me like is costs 10x a much. It does not use the same approach as EJ at all -- it uses a market profile approach. I do not know if it is worth it or not.

Good luck with your trading.

[mbhsi]

Incase this helps anyone, I recently joined Channel Trading. I have not taken many of his set ups since I am usually working on my own trades but I have to say that I am very impressed with Kevin's analysis of the market and his disciplined trade entries and trade management. I wish I had found out about the room in the beginning of my trading career-it would have saved me a ton of money and quickened my learning curve.

I have been in a few other trade rooms and would rate Channel Trading as the top one. Actually a very good price value as well.

[MadMarketScientist]

Originally Posted by mbhsi »

Incase this helps anyone, I recently joined Channel Trading. I have not taken many of his set ups since I am usually working on my own trades but I have to say that I am very impressed with Kevin's analysis of the market and his disciplined trade entries and trade management. I wish I had found out about the room in the beginning of my trading career-it would have saved me a ton of money and quickened my learning curve.

I have been in a few other trade rooms and would rate Channel Trading as the top one. Actually a very good price value as well.

Which package did you signup for? Is it interactive, are you able to ask questions during the coaching questions with all the other students?

MMS