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.

Mind Over Markets by James F. Dalton, Robert B. Dalton, Eric T. Jones

published by traderspress inc.

Originally posted by jgreene
Would you please furnish more info on the Dalton book. Title, isbn, etc.
Sounds like a must read.
THX

He has 2 books. They are both listed at the top of this page along with other related books: Market Profile Books

MassiveCashTeam,

are you still using the eminjunkie service?? How are you finding the interaction and order entries in the room? I have been thinking about using the service as a confirmation for entries.
Thanks

Originally posted by chrisp

MassiveCashTeam,

are you still using the eminjunkie service?? How are you finding the interaction and order entries in the room? I have been thinking about using the service as a confirmation for entries.
Thanks

im still with them. here is the thing about EJ and some neg and pos reviews in these forums. There are 2 types of strategies here with EJ. The video results are based on TradingPlan entry by not using filters what so ever. If you trade like this, you will get VERY similar results like the videos, you just need to learn how to draw the regular fib and fib extensions. You must have the stomach to keep on taking these trades even after a few full stop outs.

The 2nd way to trade, in which EJ trades is when in the trigger area of the trading plan entry, you will be using market internals to give you the support in the direction of the trade for you to take them in confidence.

This is why you read some negative reviews on EJ, cuz these traders are wishy washy in which way they want to trade. They sometimes trade using no filters and at times, use the filters....you cant do this. This will kill your account and you will take revenge trades here and there....very bad.

He stresses we need to make a choice, one way or another. Plain and simple.

Then once we get a good handle on the way we want to trade, then he teaches you how to take trades based on longer time frame (15 min, 30 min, day, 3200 tic, etc...)

I know its not a perfect room, but, its the only room i have found that teaches fibs and when to take these fib entries pretty good.....hope this helps some......

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

MCT,
Thanks very much, yes the answer does help. I haven't looked at the channel trading room at all. Is that the one you were mentioning doesn't show up sometimes... internet/ computer problems etc...

thanks again and good trading...

Originally posted by chrisp

MCT,
Thanks very much, yes the answer does help. I haven't looked at the channel trading room at all. Is that the one you were mentioning doesn't show up sometimes... internet/ computer problems etc...

thanks again and good trading...

thats the one....he finally got his new PC, he is up and running now....other than some down time in the past, he is very good at price pattern/volume. And when he is wrong, he closes trade out real quick.....

Maybe I have just missed it in all of the posts. I admit I did not read them all. But I'd like to know, is anyone using Eminiijunkie.com and making money!

Thats it, is anyone making money by being a member?

Thanks

Originally posted by Skyfly

Maybe I have just missed it in all of the posts. I admit I did not read them all. But I'd like to know, is anyone using Eminiijunkie.com and making money!

Thats it, is anyone making money by being a member?

Thanks

there are members with EJ that are making money. they select certain different types of trades to take pending their style.

i have only traded in sim, and i am overall net positive, but still not comfortable in trading live yet....just need more time.....

Originally posted by MassiveCashTeam
there are members with EJ that are making money. they select certain different types of trades to take pending their style.

How do you know they are making money? Because they say they are or because you have seen their audited statements?

See Chuck Hays and Madoff et al for examples of "traders" who had sophisticated and intelligent investors fooled for years.

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.....