rathcoole_exile
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Pete,
I did the free trial for 3 days with the indicator.
Seemed fine to me.
Garry
I did the free trial for 3 days with the indicator.
Seemed fine to me.
Garry
If he asked you to manage your money then he owes you statements. He is not.
As for the 2 and 4 points:
it's called "trading volatility" you schmuck! Sometimes I do the exact same thing. Let me "crawl" from under my rock and explain to you: I use for example a volatility factor, and a range indicator while I place my limit orders at different exit levels. Sometimes I get it, sometimes I need to get out fast as levels are not reached.
Mr.007..why are you here? To mock and criticize educators? So what if he wants to sell his thing?
Brokers advertise..Trading software advertise...even this forum and site is ad driven!
Nothing wrong with that.
I see some vendors advertise for 10K, sometimes 15K...he has a book for $397. for God's sake!
I will buy the book and let you know what I think of it.
I spent thousands plus plus...before I became a full time trader.
What's another $397?
Pete,
I did the free trial for 3 days with the indicator.
Seemed fine to me.
Garry
Whats up with the name calling in here?
For the guy asking statements. Did you realise that I keep posting my forward testing here?
I know I do it just for a short time, but I will stick to it. Be patient and you get all the info a statement would give you. I believe my backtest until october is also pretty accurate.
As for the "no slippage" comment. The reason there is no slippage is that the method does not use market orders but stop and limit orders for entry and exits.
As for the 2pts and 4 pts results posted in JPs performance. Well, you are right and wrong about it.
I think I mentioned it somewhere before in this thread. The only discretion involved in this method is how you manage your stop loss and wher to take profit.
The book makes a few suggestions and I decided to go with 2 targets, 1st 2pts and second 4pts. Moving SL to BE when first target is hit.
You could alternatively just trade one target at either 2 or 4 pts.
I agree that the performance report is misleading because it either takes full profit at the first target or takes profit with half of the position at 4 pts if it hits.
But still, you get a good idea about how often which target hits. So you could do the math yourself of how the P/L looks like for every day posted.
I just ended the friday trade and this trading week with these results:
(2 contracts with 2 targets, SL to BE after first target, 5pts initial SL)
Monday: no trade holidays
Tue: $100
Wed: $100 + $200
Thu: $100 + $200
Fri: $100 + $200
no loss this week for a profit of $1000 minus around $36 broker commission.
Total for february is still negative, since the first 2 weeks suffered some losses the way I trade it.
Total for january + february is very positive (forward testing).
For what its worth. In my opinion this is the only ebook I ever purchased on trading that I do not consider crap. And I baught alot of crap forex related. Well, I came across this one by accident. The method taught is very simple. Too simple for most traders to believe in I guess. I think I could describe in a couple of sentences what to do to replicate the results.
After the purchase I was forwarded to a page with a link to a first pdf file which is an older product JP was selling. It is an ebook of 51 pages, explaining futures trading, the S&P 500 basicly some stuff you would like to know before you start trading. So it helped me to get started grasping the basics in futures trading and indices.
It also contains a scalping strategy in great detail with lots of screens. Not sure if JP still uses it or recommends it. However I wouldn`t want to trade it. This ebook has nothing to do with the "At the open".
The "At the open" ebook contains 45 pages explaining in detail how and why the method works.
As I said before, the method is so simple itself, I could most likely post a 1 liner to explain it. And 95% of the people reading it stand alone would dismiss it already before giving it some thought.
well yes, the vendor is promoting his product, that's what vendors do, it's called "sales"
but that by itself has no bearing on the discussion whether the system itself is good, workable, rubbish or a scam
Agreed - also in his post Dan S. said: "The only discretion involved in this method is how you manage your stop loss and where to take profit" That made me laugh, actually made my day"I agree that the performance report is misleading because it either takes full profit at the first target or takes profit with half of the position at 4 pts if it hits."
Why mislead? Give your potential customers the full picture or stop advertising in the manner he does...otherwise we will call this system "just another one of those""
"I agree that the performance report is misleading because it either takes full profit at the first target or takes profit with half of the position at 4 pts if it hits."
Why mislead? Give your potential customers the full picture or stop advertising in the manner he does...otherwise we will call this system "just another one of those""
Sounds like a promotional attack from the vendor....done with this thread...he promotes it everywhere....many stockboards, youtube, futures boards, he is everywhere...
Sounds like a promotional attack from the vendor....done with this thread...he promotes it everywhere....many stockboards, youtube, futures boards, he is everywhere...
Agreed - also in his post Dan S. said: "The only discretion involved in this method is how you manage your stop loss and where to take profit" That made me laugh, actually made my day
Gee, the only discretion is when to get out??? What a great system! I'm done with this thread too - I will miss the humor though!
Doesn't seem to be a free trial on his site any more - maybe you got lucky !