EminiJunkie & Channel-Trading

[marker 10]

EminiJunkie & Channel-Trading

 

Anyone trade with these live rooms?

I have both and think they complement each other.

[the_z 10]

I"m following the emini junkie via youtube and he's making MAD MAD ticks everyday! Looks really solid.......haven't heard of channel trader....does he have RESULTS/PERFORMANCE?

[smbkmb 10]

I've never posted on one of these forums, but I feel compelled to tell my experience with these

two vendors. Channel-trading is top notch for newbie or experienced. Tis is someone you could start with and I believe become a successful trader in a period of time. Eminijunkies is

junkies without the ies for anyone who has been around trading. I felt totally ripped off. It is

info that has been regurgitated for years. Plus the tactics they use in marketing are very distasteful but prominent for most trading info. Just my 2 cents. Had to vent a little for wasting

my $67.

[marker 10]

I've never posted on one of these forums, but I feel compelled to tell my experience with these

two vendors. Channel-trading is top notch for newbie or experienced. Tis is someone you could start with and I believe become a successful trader in a period of time. Eminijunkies is

junkies without the ies for anyone who has been around trading. I felt totally ripped off. It is

info that has been regurgitated for years. Plus the tactics they use in marketing are very distasteful but prominent for most trading info. Just my 2 cents. Had to vent a little for wasting

my $67.

 

Honest question.

 

If both Channel-Trading and EminiJunkie, both shut down their rooms, which method would you be able to trade on your own?

 

I believe Channel-Trading is just entering trades based on his calls, there is no way you could trade like he does and/or draw the exact same discretionary lines like he does.

 

How long have you tried EJ? did you go through the progression? honestly, did you per the trading plan?

 

Can you please explain in details why you thought you got ripped off with EJ. You are the first one that I came across that felt it was a scam. How is it a scam if he teaches you fib entries based on major support/resistance on short/long time frame charts, and utilizing various market internals to assist in the trade. I strongly feel that this room encompasses all the info and years of research one would have to go through in order to trade successfully. So I am confused why you think it is a scam...this is honest question and would like to see views from the other side......

Edited June 10, 2010 by marker

[the_z 10]

yeah, for sure EminiJunkie is NOT a scam...i mean come on look at what he's doing! It is a decent trading method and real plan.

[marker 10]

I've never posted on one of these forums, but I feel compelled to tell my experience with these

two vendors. Channel-trading is top notch for newbie or experienced. Tis is someone you could start with and I believe become a successful trader in a period of time. Eminijunkies is

junkies without the ies for anyone who has been around trading. I felt totally ripped off. It is

info that has been regurgitated for years. Plus the tactics they use in marketing are very distasteful but prominent for most trading info. Just my 2 cents. Had to vent a little for wasting

my $67.

 

dont get me wrong, i think channel-trading has lots of value. i even paid for the lifetime membership. and yes, you can make serious tics from this. but there is no way i could possibly trade and draw lines like huddy can. we are all humans and if you tell 10 people to draw a particular line on a chart, you will get 10 different lines at different price levels. if he only has a set of rules or a trading plan, this would be so much powerful.....i use huddy's MP analysis along with EJ support/resistance areas......best of luck....

[Simple 10]

the_z

 

With two posts and no content but Capitalized, read shouted, assertions of great success you read like a spam supporter following google searches for your sponsor.

 

If you want us to believe that you are a real user then how about posting some content. Details.

[MadMarketScientist 11]

I'd have to agree with "Simple" -- you're going to need to post more than just a few lines like that if you're trying to prove a point or it looks like just a promotion and will need to come down....(talking to "the_z")

[the_z 10]

ok, ok...i hear you guys....look, i've owned the emini junkie plan for over a year...but put it down and didn't get into it at all coz it looked too complicated for me..and I settled for some BS stuff like EOTpro's live chatroom with easy signal entries.....but, man, i can't make money like they claim ( infact many people there also can't match live profits too) so. I came back to eminijunkie and joined the live room...been in there a week only now but i do see it has merit, i'm still not fully getting the system, but he does have a 'progression' schedule for newcomers...

 

all i'm saying is the system or trading plan he has for tradign the ES is actually pretty good and can turn a net profit....it's mainly about fib lines.

 

I'm not saying it is the BEST at all....but I'm looking at whatever I can to find out what works for me..........i haven't given the 'easyeminitrader' with Trish a shot nor Channel -trader or profile trader..but I also hear that tradershelpdesk.com is good...but I don't know....any suggestions?

 

All I'm saying is that the EminJunkie is Not a scam at all! His service is cheap and teaches how to trade his style...that's it!

[JohnE 10]

Does the $ 67 pdf give you a good summary of the method or do we need to buy the DVD?

 

I guess the real question is how much add on stuff do we need to buy with emini junkie in order to undersytand the method?

 

Thank you!

[dv007 10]

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

[marker 10]

Does the $ 67 pdf give you a good summary of the method or do we need to buy the DVD?

 

I guess the real question is how much add on stuff do we need to buy with emini junkie in order to undersytand the method?

 

Thank you!

 

The trading plan is good enough....and if you need more detailed explanation, there are educational videos in the members forum that go over the topics. The dvd goes over the topics in the same manner, but are longer class room setting details....dvd not needed now...

[the_z 10]

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.

[marker 10]

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.

[marker 10]

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......

[dv007 10]

I'm not in a room right now...I get distracted too easily by the moderators comments - and I'm convinced most of them are not trading so why should I listen to them (HAHA!).

[marker 10]

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....

[dv007 10]

You were in SIM - trade real money and post your statements.

[the_z 10]

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:

[marker 10]

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!

[marker 10]

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.....

[the_z 10]

ok, count me in!

 

Keep us posted

[dv007 10]

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).

[the_z 10]

@dv007..... well whatever works...maybe Marker can make it work and just trade in the AM.

 

hey, you're also at DC...i'm nearby in VA.....did you find a profitable method?

 

Peace

[marker 10]

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....