Mohan of Daytraders Action / 21st Century Futures

Whamo · Jul 11, 2003

I signed up to receive a trial of their S&P Futures newsletter and Mohan seems to be right on most of the time in calling what the ES will do for the day.

For those who subscribe are his directional calls consistent over a longer period of time; say for the last 6 months? Do you make the 6 to 8 points that he says he gets from his setups? Any feedback is appreciated. Thanks in advance.

BudFoxx · Jul 11, 2003

most of his analysis is very basic..

i can show you how he calculates his pivot points..

other then that.. i dont see anything special about his newsletters. he his on.. but i've seen him miss a few big moves in the past.

Ebo · Jul 11, 2003

Bud:

Which equation is he using.
His calls have been on the money for a week?
I use similar SUPPORT and RESISTANCE levels.

ebo

nkhoi · Jul 11, 2003

Mohan is alright, he uses MP, his method is explain on his website the real value is in his daily though.

Whamo · Jul 18, 2003

First Morning Call I've seen him miss so far; said the S&P would rally until at least 1:30pm.

I keep getting emails regarding the Ask Mohan section of his site. Do you find his answers to questions useful and educational?

Yannis · Jul 22, 2003

I have been following his service (free trial) and I have seen some of his daily analyses pan out and some not. Three weeks later, I'm still undecided. Can someone who knows better what/how well this does guy post an evaluation? It would help me decide. Thanks.

BJDavey · Jul 22, 2003

I subscribe and am most successful when I am able to follow his suggestions exactly, i.e., when his headline calls pan out. What makes this not some mechanical trading system is that he offers alternatives most days in the event his headline doesn't pan out. Further, he has setups for situations that might occur during a trading day that require a fair amount of studying of his methods to correctly identify and apply. If you master those, you will have IMHO a trading system that you can follow with confidence.

Whamo · Jul 27, 2003

Thanks for the feedback from all who have posted!

electron · Jul 27, 2003

Quote from BJDavey:

If you master those, you will have IMHO a trading system that you can follow with confidence.

That's true in reverse too and in general: in order to follow something with confidence you first need to master it.

VisionTrader · Jul 27, 2003

Why doesn't someone, NK, sign up for his trial and post it here at ET so we can evaluate it.

What the strategy for entry. Does he tell you "how" to get in based on his analysis.