eminiviper.com

I started this topic because some questions I asked and answers I got from cba33558 were getting lost in this rather extensive topic here:

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=2300&whichpage=30

We started this discussion on page 30 of that thread, and I thought I'd move it here so we can continue it (since no one took me up on my offer to start this thread). I'll cut and paste the three posts made after cba33558 posted a chart about eminiviper.com

From 6/8/09:

jimkane: Hey, cba. I checked out that EminiViper.com page. Very impressive. Seems like they don't have any losing days, or even losing trades (or do they not post those?). Is that so? If not, how many stop outs or false signals are you seeing on an average day? It doesn't mean much to me to see winners, I am more interested in the losers I have to take to get those winners. Also, are you the owner of EminiViper.com, or do you work for them? If not, what is your association? If I don't ask, that will likely be the first question from everyone else. Thanks.


cba33558: Hey Jim -

Thanks for visiting the Web site and offering your constructive questions and feedback...

The videos are intended to show the NQ Emini trades that are triggered by the system each day. Currently the system is designed to issue trade signals only the Nasdaq Emini. In addition to the Viper indicator, the system uses a combination of guidance charts and a trading chart that very rarely has a losing trade. With all of these constraints, it should be noted however, that there are not many signals that trigger in any given trading day. Depending on the volatility - usually one or two trades may trigger - a busy day would be 3 trades.

The entire trading system is not shown in the videos; however, all of the details regarding these trade signals are shown in an eBook and training videos. The actual trade signals themselves are analyzed in real-time in the live Webinars. The entire goal of this system was accuracy - not catching every trade.

In answer to your other question, I have been a trader for a little over 12 years now, I am a partner in the firm; and was involved extensively in developing, actively trading and back-testing the Viper system over the past year and a half.

Once again, thank you for your input, and I look forward to opportunity of respectfully participating in your Forum...


jimkane: Thanks for the response, cba. Wow, those are some incredibly impressive stats. Given these are intraday trend trades, it's almost incomprehensible to me. My style is intraday trend trading, and with the 3 to 5 to 1 or sometimes higher reward/risk profiles I'm happy anywhere in the 30% to 50% winners range.

I have a few more questions. Is there a way to follow along and see live trade signals the moment they develop, on a trial basis? The web site mentions visiting a live webinar for a day. Would one see live signals in time to act, or only after they have started? What if no signals are generated that day, can someone try another day? It's very hard to evaluate a system with a one-day trial, especially one that generates only a few signals.

Next, what is the difference between live webinars and live trading room, as far as signals given in real-time? Also, if one signs on to your room and gets all that training, does that do any good without the software? What is the cost of the license, since the website doesn't specify this? I'd love to follow along real-time for a period and evaluate your system, but I'm not sure you have any provisions where I could do that without laying out money first. Again, if I don't ask all these questions, someone else will. Since I'm probably the longest-winded character at this forum, I figured I'd just get the ball rolling. It's not often I hear about a system that has almost no losers at all.

Lastly, if we go much further with this discussion it may be appropriate to move it from this thread to one you or someone else could create in Trading Advisory Services.

quote:

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Originally posted by jimkane

I second that, I could warm up to that feature, too :-)

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Sign me up!!!

not following this very much, but from a quick glance at the charts it seems the trades are not according to the viper rules ? (then again, not sure i really know the rules...)

Correct T-L, the autotrader has nothing to do with the Viper rules. Diamond back trades on a 2 range and is often in the opposite direction of Viper, holds trades much longer and has a much larger initial stop. The Viper rules 'boil' down to taking only those trades that end up winners. This is done by pulling the trigger 2-3 bars in the past.

quote:

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Originally posted by thetaxman

The Viper rules 'boil' down to taking only those trades that end up winners. This is done by pulling the trigger 2-3 bars in the past.

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What are you referring to exactly? The Autotrading strategy does not chart an entry "in the past".

paulg, that was an attempt at sarcastic humor which failed apparently. No, the AT trades in the present, but the moderators call the Viper system trades only after they have become winners. Still, the point is that the 2 trading styles have nothing in common other than their promoters.

quote:

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Originally posted by thetaxman

Correct T-L, the autotrader has nothing to do with the Viper rules. Diamond back trades on a 2 range and is often in the opposite direction of Viper, holds trades much longer and has a much larger initial stop. The Viper rules 'boil' down to taking only those trades that end up winners. This is done by pulling the trigger 2-3 bars in the past.

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Why haven't the Viper promoters announce the contest winner?
http://www.vipertradingsystems.com/forum/viewforum.php?f=9&sid=17184be713a74f7817a8404aa268b797

Gentlemen,
Viper AT up 63 ticks from about 8:30EST to about noon. 52 for Diamondback and 11 for Cobra. Not a bad start for the week! How did you do?

I was in the room today with Viper and the exact entry was called on the Russell trade. $1200 profit, because of Viper!! Go Viper
Get a life Phantas and others of your negative nature!!! These guys are the real deal. I will renew again and again!! I have made enough to pay these guys for years and years to come. Seems to me with all their webinars and teachings, these guys are solid gold $$$$ This is my last post, because I don't want all this forum's negativity rubbing off on me. I am unsubscribing today.

quote:

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Originally posted by Angel

I was in the room today with Viper and the exact entry was called on the Russell trade. $1200 profit, because of Viper!! Go Viper

Get a life Phantas and others of your negative nature!!!

These guys are the real deal. I will renew again and again!! I have made enough to pay these guys for years and years to come.

Seems to me with all their webinars and teachings, these guys are solid gold $$$$ This is my last post, because I don't want all this forum's negativity rubbing off on me. I am unsubscribing today.

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Good Luck Angel.

Please give my warmest regards to Laurel and Hardy.

Sorry this reply is 2-years late but I just joined the forum.

I know from personal experience that GoToMeeting and GoToWebinar default to showing all users and all comments unless specifically disabled by the Host.

If they're saying what was reported that's a blatant lie.