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Hi Bayfisherman, sounds like you are doing the same, just slinging from the other side of the fence......how about stating how and why he is good...opinion dosn't help, since trading is about defined specifics when a plan is in place. You are calling people idiots, etc...how is that helpful to anyone. hint...it's not.
Can you help answer these questions from other members on NexusFi?
I agree that Jam's room is an education room, not a trade call room. That is a fair assessment. But I question why he keeps changing his trading system. For example, the charts you posted don't look anything at all like the charts he was working with when I was in his room less than a year ago. I agree with making minor tweaks, but big changes to your trading system - No. How can we have faith in a trading system that needs major overhauls? That bothered me a lot.
Part of the change that takes place is not just the owner's doing folks...it's the input of all the members, one of the strongest points about being apart of that organization is that there is a big emphasis on team and team member input. The look may be a bit different but the basis is still the same...use of renko bars to enter on close for confirmation and to stay out of chop and noise, etc. What's changed is the bar size...as you know market volitility changes and therefore bar size may change as well. Bar sizes may vary as well from one market to the next based on volitility. The change has taken place though backtesting, which is another huge basis for upgrades for effiecient execution...nothing is put into play unless backtested first. These new bars you see here were brought to the company by one of the members, were backtested and put in play.
To address what trademark said about slinging from the other side...well, what kind of person attacks a man's religion, family, business, calls him names like fraud/scammer, makes fun of his marketing ideas...talk about people's opinion, sorry bro, these people are idiots or let's just say unenlightened. If you care to side with people like this you're part of the problem as well "elite member", whatever that means. To be honest I hold Big Mike accountable to allow comments such as these to exist here as his billing is no tolerance for this kind of behaviour.
Here's a look at the oil room for the past 30 days...just one of the entries listed here on the automated trade ticket, which is set to take trades only during the trade room hours 8am ET to 12 ET...it's the same since he's started his business...buying the dips and selling the rallies, nothing's changed here, just improvements to sound methodology...it's called trend trading.
We can agree that part of the value in forums such as these is being able to read/write fairminded critique of vendors. It is easily discernible who is doing that vs. agenda based mudslinging. My earlier post would be one example of a fair assessment, I was thanked by Jam's developer/moderator as well.
I came back to this topic however because something didn't quite smell right. You say that you trialed 4 years ago and are still active with him. That is quite a long time; I know folks who have earned a J.D. in Constitutional Law in less time. That means one of two things;
1. You paid a lifetime room fee and just linger in his room because trading can be lonely.
OR
2. You are actually on his payroll, which means that your views, as important as they are, just needs an added disclosure for fairness. Wouldn't you agree?
Have you conducted webinars/moderated one of his rooms/benefit financially in any way from Jam, besides benefitting from his teachings?
Thx in advance.
1. Have lifetime membership with Jam [and 1 other entity] - and don't need company. Trade for a living and for a few select friends. Give classes, for free, to small groups on Harmonic Bars and Splatter Theory, and on quantitative analysis of 'predictive indicators'. Also work on 'cold laser' brain and memory high frequency treatments for PTSD veterans, and still do some beta testing for NT, Microsoft, Palisade [@risk], TOS, etc.
2. Do not, nor do i expect, to receive any compensation from JAM, or any related parties. IMO, if one develops trading systems, why do you need someone's else's compensation. Wouldn't you say?
3. As to educational qualifications, they are post graduate, and was MBA adjunct professor of "Risk Analysis for Derivatives" as far back as 1991. Perhaps i qualify to make an assessment of a trading system - or - maybe not.
have a blessed day falseprophet
Even when you stand firm in the rushing waters of life - only your Spirit is Perfect!
Hello Nanook77,
I remember you joining the room on one special occasion a few months back. I am a fan!
My previous email was for BayFisherman, however.
Hope you are doing well.
Take care.
I did trial 4 years ago and saw the value in what he was doing then..he was using range bars...but the emphasis was still on buying the dips and selling the rallies within the intraday trend, market strucuture and price patterns, along with some fractal confirmation from a higher timeframe chart. All very sound methods...and you are right about the positive things you said about having a trading plan, no blow out accounts, daily goals...I liked the idea of confirmation on the close of the bar in the direction of the trade for entry...these were the things that stood out to me when I first sat in...I worked during the day so was unable to really give the NY session daytrading a go...I developed my swing trading method using my pitchfork analysis on the 60min charts, but kept in mind the entry system he was using to get in with tight risk when I took my swing trades...it was a great way for me to increase my risk to reward. I wasn't able to join at the time and participate in the room...so I went my way with what I learned there in that short time. I kept sending him my highertimeframe analysis and after a time he asked me if I wanted to post some of it on his members forum to help, which eventually led to a job offer.
I do moderate the room now...it's been about 6 months or so to date. We feature the CL, NQ, Eur/usd, Gbp/Jpy....Great people, good staff with an excellant product. I've been a part of a number of "trials"...Tim Morge at market geometry, outstanding, Paul Coglan at Coglhan Capitol, outstanding, Bill Duryea market profile, outstanding, TradeGuider.com VSA analysis, outstanding; but as far as ease of execution and consistancy, I really liked what I saw at strategicdaytrading. I can pretty much have anything I want programmed...we came up with an automated pitchfork that prints on the chart for you....looks great, we have a market profile historgram that prints on the chart awesome...amazing new bars we're using that is just crushing the oil and nasdaq markets we are teaching on each day in the live market action...really good stuff and continues to improve as the company grows.
The automated trade ticket chasis is incredible and still being developed...works great if you like to automate your strategy or I use it for backtesting to improve my discretionary trading as well as it relates to initial stop loss...b/e triggers...inital hard targets and different length trailing stops,etc for optimizing results. So yes I'm a bit bias when it comes to strategicdaytrading.com because I help run things there and teach, but I've been around a bit and seen what's out there and this is where I've landed. I've had offers to trade managed accounts. I teach a higher timeframe analysis class each saturday based on andrew's pitchforks, elliot wave, fibonacci clusters, cycles and momentum. So I'm staying pretty busy. Never implied you as one of those I was refering to with the obvious agenda. I do appreciate your comments as well. Hope this clears the air.
I have banned bayfisherman now that it has become clear he is associated with this vendor and did not disclose this to us.
Vendors who pretend to be normal users and talk about their products or services are not welcome here. This was told to bayfisherman when he signed up, and is likewise told to everyone upon registration -- if you are affiliated with a vendor in any way or have anything to sell, you must notify us prior to posting or you will be banned.
I generally dont ever post on the forum because I never really had anything to offer. I am just a guy who has failed at trading since I started many years ago. Today after being a member for 874 days I am making my first post because I finally I have something that I beleive can help many traders who are walking in my proverbial shoes.
I wanted to give anyone interested an update on this thread regarding Strategic Day Trading. I want to be up front and say that I am a member/student of this program. I joined in mid may 2013.
I think it is unfortunate that Mike has banned the two gentlemen from Strategic Day Trading (SDT) from the forum as I see 3 quality individuals in disagreement yet all striving for the same cause. The cause of trying to get good quality trading information out to the public. I do admire Mike for running a tight ship, which is why I feel this is the best trading forum available. Yet I feel it is my duty as a fellow trader to let you know that SDT is by far the best trading education I ever received. I have been in and out of trading since the mid nineties and have never been successful. Spending thousands on trading education just to blow out accounts, then quit, then start over again. At the advice of a friend I took their (SDT) free trial and was impressed as I was with the others but these guys are different then anyone else. They trade right in front of me on the screen, explain exactly what they are doing and have made money everyday since I joined. If they get a loss, they let you know. Nothing to hide. They are as transparent as I have ever seen in a company. The thing that sets them apart is they have a structured approach to taking one from learning to trade to trading in sim to trading live to making a living trading. The whole package. I send them my results every day which keeps me accountable and most of all they are practically begging me to contact them if I am having the slightest of probelems. Now I don't want to start to sound like an advertisement here but I want to say to those traders that continue to fail as I have that for me, this is it. The place I can actually learn to make a career and a living from trading. Please remember though, I am only a few weeks into this so don't just jump in with all guns firing. Do the homework, ask questions, definately do the free trial. and convince yourself. Also I posted an article below (copy and paste into browser) about a gentlemen that goes from trading room to trading room and gives a review. I think you may find it interesting. Thanks and best to you all on your continuous journey in trying to trade successfully.