EminiJunkie.Com

Thought I start a thread on EminiJunkie.com.

I am a Trading Plan owner, EJ Boot Camp DVD owner and member of the live trade room. I have been burned by other useless trade rooms that use their "secret" indicators. With eminiJunkie, I feel that I am in a real helpful learning environment, due to the fact that they use fibs, support/resistance, various market internals, intra day & long tern charting, and time & sales.

I welcome any thoughts on this to point me in the right direction.

Originally posted by MassiveCashTeam

another room, Channel-Trading, which not perfect as well, but pretty good and VERY safe on entries. He is very quick to admit that his trade is wrong and he close out at break even or a few tics. If the trade smells wrong, he will quickly close out a few tics profit or few tics lose or break even. He will constantly do this until he gets that running trade. Very safe indeed.

With EJ junkie if you have a losing day, its may be a couple hundred dollars in the hole, and winning days will be couple hundred or higher dollars.

With Channel-Trading, he losing days would be a few tics to maybe a point or 2 on the ES, but on winning days, he will be up a few points to many many points, as 5-15 points...

So the best risk to reward room has to go to Channel-Trading.

But I am having difficulty in drawing his support/resistance lines like Huddy does.

With EJ, its very simple to draw the exact same fibs as EJ.

Confuse you enough? LOL

Massive,

You still with Channel-Trading? I know you were also looking at Easy Emini which I found the screens too busy and passed. Any good results with Emini Junkie? Looked like a good teaching site.

Thanks,
Jack

Originally posted by jgreene

Originally posted by MassiveCashTeam

another room, Channel-Trading, which not perfect as well, but pretty good and VERY safe on entries. He is very quick to admit that his trade is wrong and he close out at break even or a few tics. If the trade smells wrong, he will quickly close out a few tics profit or few tics lose or break even. He will constantly do this until he gets that running trade. Very safe indeed.

With EJ junkie if you have a losing day, its may be a couple hundred dollars in the hole, and winning days will be couple hundred or higher dollars.

With Channel-Trading, he losing days would be a few tics to maybe a point or 2 on the ES, but on winning days, he will be up a few points to many many points, as 5-15 points...

So the best risk to reward room has to go to Channel-Trading.

But I am having difficulty in drawing his support/resistance lines like Huddy does.

With EJ, its very simple to draw the exact same fibs as EJ.

Confuse you enough? LOL

Massive,

You still with Channel-Trading? I know you were also looking at Easy Emini which I found the screens too busy and passed. Any good results with Emini Junkie? Looked like a good teaching site.

Thanks,
Jack

Jack, yes, I am still with Channel-Trading, I have no choice, paid for lifetime membership. LOL. Anyway I also do like easyemini and eminijunkie. Confuse you enough? There is no perfect room out there...but just like you said earlier, I have taking bits and pieces of different methods and using them in my own trading style....and have found less reliant on these rooms, not to say these rooms are no good, they all provide some value....

But I can hear you still ask, if I had to pick one room out of these three, which would it be...hhmmmm, easyemini has to be pretty close to my top choice.....her chart are actually not too busy, its actually very easy and simple once you know all the indicators, which are available for free in any platform.....yes, no black box here....good luck to ya.....

Originally posted by MassiveCashTeam

Originally posted by jgreene

Originally posted by MassiveCashTeam

another room, Channel-Trading, which not perfect as well, but pretty good and VERY safe on entries. He is very quick to admit that his trade is wrong and he close out at break even or a few tics. If the trade smells wrong, he will quickly close out a few tics profit or few tics lose or break even. He will constantly do this until he gets that running trade. Very safe indeed.

With EJ junkie if you have a losing day, its may be a couple hundred dollars in the hole, and winning days will be couple hundred or higher dollars.

With Channel-Trading, he losing days would be a few tics to maybe a point or 2 on the ES, but on winning days, he will be up a few points to many many points, as 5-15 points...

So the best risk to reward room has to go to Channel-Trading.

But I am having difficulty in drawing his support/resistance lines like Huddy does.

With EJ, its very simple to draw the exact same fibs as EJ.

Confuse you enough? LOL

Massive,

You still with Channel-Trading? I know you were also looking at Easy Emini which I found the screens too busy and passed. Any good results with Emini Junkie? Looked like a good teaching site.

Thanks,
Jack

Jack, yes, I am still with Channel-Trading, I have no choice, paid for lifetime membership. LOL. Anyway I also do like easyemini and eminijunkie. Confuse you enough? There is no perfect room out there...but just like you said earlier, I have taking bits and pieces of different methods and using them in my own trading style....and have found less reliant on these rooms, not to say these rooms are no good, they all provide some value....

But I can hear you still ask, if I had to pick one room out of these three, which would it be...hhmmmm, easyemini has to be pretty close to my top choice.....her chart are actually not too busy, its actually very easy and simple once you know all the indicators, which are available for free in any platform.....yes, no black box here....good luck to ya.....

Thanks for the feedback. Maybe I should take a second look at Easyemini.
I would not ask you to suggest or recommend a site. I have learned a long time ago if you suggest something to someone and it does not work out to their expectations they blame you for their failure.
It is up to each individual to make their own selection.

Thanks for all your input and help.

Jack

You are 100% right. I was a member too for a few months and I learned a lot from him but the daily videos are not telling the whole truth. The video results are based on the first touch of the entry or provit price. In real live trading that almost never happens. The price has to go thru. that's why the video results are not correct. But for the amount of money you pay for his service, it is absolutly worth it. I didn't buy the DVD.

Originally posted by MassiveCashTeam

I've been with EJ since late last year, off and on. Here are my thoughts so far:

Pros-
He has a set of rules in his trading plan, no if's and or buts. Those are his rules to follow by when you are just starting his trading plan progression. In his progression plan, he suggest you learn his system day by day by adding each of his indicators one by one and learning how to use them week by week. Should take you about 8 weeks to get through the first go around. Once you are more experienced, he will teach you how to better filter these rule based trades to be more profitable. In his live room, he is a teacher, meaning he will not stroke you and make you feel good if not warranted. He will come down hard on you if he feels you made a dumb mistake. You need thick skin if you are shooting from the hip. His rule sets are based on trading 50% fibs pullback after some MA's crosses. In the past I didnt really believe in fibs (read my other thread on fib's), cause you can make argument that there is a fib level on every bar on the chart, which is true. But I do believe EJ, use several filters and support/resistance levels to take the most high probability fib set-up. He has many training video's in the members forum, and the other members truely help each other out. There are no bashing on the EJ method in the forum, which is amazing. Usually you will get a few members bash a system in the members forum. He also has DVD for purchase if you want to speed up your learning curve. He also only trades in the morning session only. He posts and reviews each system trade set-up at the end of the day for a final net tick(s) on the day if you had traded every single trade entry for the entire day. This will lead into my cons now.

Cons-
His end of day results videos will show net tic(s) on the day, which 99.5%, the day will end net positive. Here is my issue, he preaches to trade only morning session, but yet posts net results for entire day. I dont agree with this, most likely a sales technique, cause these videos go out to non members who subscribe to his feeds on his site. Also he has 2 basic entries using fib drawings. The first and main is the 50% pullback using the high/low of the previous swing before his moving avg's cross. This is good, but if the move is fast and doesnt pull back far enough and just runs away, he will say it was a fib extension trade. I dont agree with this him adding this trade winner to his results video, because this type of trade is usually too fast to take an entry and most of us will miss it. So I do believe he adds these trades to his results video as sales technique for his memberships, oh well....That is my only gripe.

Hope this helps, because it helps me as well in evaluating these live rooms when I put in down in writing as well.....