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Hi Beth, I've been following you off and on now for quite awhile. I was really frustrated to see you bouncing from method to method without ever really giving something a long term chance. This paid room you are in may or may not be worth the money. BUT, this post of yours is imho, the most lucid and well thought out and practical post I have read of yours to date.
I suspect you may have found what you have been looking for regardless of others opinions. Stay the course and you will make it.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)
For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.
I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.
I agree, and thanks for bringing this to everyone's attention. I think the key is that you defined the issues as well as others with the short-comings of the room.
Although, the format I believe could be a challenge. I think calling live trades in a trade room could be doubly challenging but I haven't tried. For instance with my current method, if you took the trades as my coach mentions them, they would be losers. He is not in the trade calling business but trying to teach you what to look for. However, you would be getting in too late, too much is going on as a distraction etc..
But, take that away and I believe you will find a very profitable system and trader behind it. The concept may be good, but their management or execution needs some work.
I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.
What it needs in order to do well is gullible traders who will buy the system, then subscribe to the room, then lease the indicators, and literally spend months before figuring out exactly what we have explained right here in this thread. The mods are super nice guys. Buyer Beware.
Just look at the progression of posts going forward, eh?
We are all grownups here; I wouldn't trade this with real money unless I severely modified the whole damned method--thus rendering it some-other kind of bastardized method/beast.
Intraday trading is intense & DEMANDS alot of initial parameters.
I posted about this in another thread (below if anyone is interested).
Ok, I'm starting this thread in off topic because I'm asking this more for fun than really serious but, who here thinks it's either "easy" or "realistic" to squeeze 2 points per day from the ES (or equivalent from whatever …