software DayRaider 1.1 by Stuart Kidney ?

Quote from stevesbg:

OKay "Ron"

I will go a little bit further down the road, just for the hell of it, at what specific time did your Urup trade entry occur?

Personally this little comedy routine is getting boring. Read his commentary above. First he says announcements don't cause reversals (althought they could)....heheheh

Then in his next comment he talks about the 8:30 (his "favorite")

Clearly the Dow opens and then moves because of news or anticipated news or events. After that I know of a couple of landmarks that are reliable and I didn;t have to pay $750/month to learn about it nor did I have to buy proprietary software for several thousand dollars.

Steve
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there were two urups, Steve...

first @ 10:49 fill 8432
second @ 11:39 8446

I'll scan the statements I get from RCG and post them early next week..out of town till then...I ogtta figure out what to block out for personal reasons....

we're trained not to trade 'news' ---- many many times at 10 am announcements there is no reversal...the trade was technically before the time of the announcement, does that make sense???? This morning, there was a trade very early in the morning "to" the 8:30 announcement;;there then was the announcement-----the move that started hours earlier was completed (Stuart refers to this as a price cycle i think)..now today I wanted to figure out to catch this, what happened was the next trade was a short (If I remember) and that was several minutes after 8:30 and carried for sometime...so there was a reversal - it was after the 8:30 so there was a trade to the 8:30 and there was a reverssing trade after 8:30....you have to get into the market earlier than 8:30 to get the fruits of the 8:30 if the market is trending from 8:30...understand?

if market is trending from 8:30 it is too late to get in the trade, you had to get into the market at a technical correct point several minutes before 8:30....so, I think what Stuart is saying the 8:30 did not cause a trade...you had to be in it way before 8:30 to get the ride out the trend....

don't trade news, trade technicals...all of us that used the Tradestation software realized were hiring a consultant so we were all willing to plunk down four or five thousand for great training, after spending that we realized we should get some profits..which I easily did; he helped us trade the Forex, the Mini Russell and we all liked the mini Dow ; I used $100 stops because a lot of my entries were not really great and Stuart's training hadn't been as refined as it has been the past 4 or 6 months..

everybody have a nice weekend...

Ron (traveling man)
 
I am glad some of Stuart's students are coming out to speak on his behalf. If the methodology works then that is great. Legitimate questions are being asked in this thread. The absolute defacto end all will be for either Stuart or a few student's to simply post 1 or 2 daily statements. Redact all personal info maybe block out entry & exit specifics if you feel the need. I did it so I don't see what is so hard about that. I don't understand. This will shut down all the skeptics and I would think get more people on the fence to come over.
 
Quote from stevesbg:

Oh I love this....We convinced you to go with him

Bullshit

This smells like scam from the get go folks.



Steve
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wow....tough crowd...testimonials, screencaps of fills, nothing pleases this crowd....Ron, I wouldn't bother, nothing pleases this bunch...

Steve, you are way out of line and your post should be flamed...NetTecture I apologize for your treatment here.

Steve obviously belongs to the "earth is flat!...earth is flat!" club...

ya gotta get IN the market BEFORE the announcement OR REVERSE after the announcement; it's all technical in my book, what the employment # is or CPI or whatever is mostly immaterial, you just trade technically keeping in mind that the annc time may cause the current trade to end (many times BEFORE the annc time ergo, the annc does not cause a trade).

Yes, the 8:30 does cause reversals (sometimes) but that means the previous trade ended AT the annc. There's 80+ points typically in the Globex trade leading up to the 8:30 day in and day out. Globex Game rules.

If the 8:30 doesn't change the direction of the market (the trend continues) THEN the 8:30 is not trade-able imo...you had to enter technically several minutes BEFORE the 8:30....ergo, the 8:30 does not cause a trade. That's the distinction I meant to make, probably not that clear previously ...my apologies..

I'll check in next weekend...

The Mechanical Day Trader
 
Quote from vrtrop22:

I am glad some of Stuart's students are coming out to speak on his behalf. If the methodology works then that is great. Legitimate questions are being asked in this thread. The absolute defacto end all will be for either Stuart or a few student's to simply post 1 or 2 daily statements. Redact all personal info maybe block out entry & exit specifics if you feel the need. I did it so I don't see what is so hard about that. I don't understand. This will shut down all the skeptics and I would think get more people on the fence to come over.
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that won't be good enuff for Steve...he wants audited statements only...I think he needs a year or something....tough crowd....:p
 
Okay lets get a few things straight

First Mr. Kidney if you want to sell your product, god bless, go for it, but realize that its a big world and somewhere out there are folks who do this for a living.

Secondly, if someone wants to pay up for your software and your consultation, by all means...who am I to interfere. Thats clear

Finally I look at your setup as unecessary. In my opinion you are teaching people to trade what I learned in my second week of employment as the "bond bounce". I was paid to learn how to service that business, and as long as bonds are acting as they do now, your setup should work pretty well. When the cash/carry trade changes and the basis trade moves, things aren't (in my opinion) going to be so easy for your clients.

For those who want to learn by actually studying the markets (oh my god, you mean actually study the markets?) you can start by learning about bond basis, cash & carry, what a "clean price" is and other elements of the bond market. During that process you may notice that the bonds open at 5:20am. Check out a chart of today's action and note where the bonds traded at 10:45-10:50......Could you have watched the bonds and entered your "reversal" just prior to that move? I don't know, could you?

And for the gentleman who requested contact (VrTrop I think) Sir in my opinion I am not yet a professional. I am however working for skilled pros and I am paying my dues.

Now I am pretty much done here. Presumably you are all adults and can figure this out for yourselves.
 
Quote from stevesbg:

Okay lets get a few things straight

First Mr. Kidney if you want to sell your product, god bless, go for it, but realize that its a big world and somewhere out there are folks who do this for a living.

Secondly, if someone wants to pay up for your software and your consultation, by all means...who am I to interfere. Thats clear
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Steve, you're not the arbitor of my civil rights as an American...

Quote from stevesbg:


Finally I look at your setup as unecessary. In my opinion you are teaching people to trade what I learned in my second week of employment as the "bond bounce". I was paid to learn how to service that business, and as long as bonds are acting as they do now, your setup should work pretty well. When the cash/carry trade changes and the basis trade moves, things aren't (in my opinion) going to be so easy for your clients.

For those who want to learn by actually studying the markets (oh my god, you mean actually study the markets?) you can start by learning about bond basis, cash & carry, what a "clean price" is and other elements of the bond market. During that process you may notice that the bonds open at 5:20am. Check out a chart of today's action and note where the bonds traded at 10:45-10:50......Could you have watched the bonds and entered your "reversal" just prior to that move? I don't know, could you?

And for the gentleman who requested contact (VrTrop I think) Sir in my opinion I am not yet a professional. I am however working for skilled pros and I am paying my dues.

Now I am pretty much done here. Presumably you are all adults and can figure this out for yourselves.
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I'd say you're done too...you don't even have power of attorney over a trading account; you only trade under others' supervision.

Anybody else want to shoot themselves in the foot? Unless you're prepared next week to provide daily or monthly statements that show substantial return on daytrading margin profit while throwing rocks at me ...any non-clients (that don't have first hand information and training) don't bother posting any criticisms of my Methodology on this thread.

If anybody does, I will call them on it ...where is last month's/yesterday's statement? If you criticize a thoroughly documented & backtested methodology then show us your stuff, I don't care if you only trade one day a month, the statement better show multiple intraday trades and good solid profit on trades overall.

I'll have trade records as time permits posted next weekend and the following weekend. I'll sincerely doubt I'll trade a full day in any case but trades will be there.

In advance I'll tell you my trading rules; ONLY Kindergarten Trades and 50% deviation is required. Exit will be at the other side of the trading range (25 to 60 points).

The Mechanical Day Trader
 
I don't know you or your methodology from Adam, but I do know that stevesbg is an expert at shooting himself in the foot.

Under his old nic (steve46, but some like to call him steve911 LOL) steve said he was going to quit ET *at least* these two times... my guess is because he was totally humiliated over the infamous 911 incident.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2025016#post2025016
http://www.elitetrader.com/vb/showthread.php?s=&postid=2104649#post2104649

Then he didn't even have the courage to come back under his old nic... instead, he reinvented himself and crawled back under a new one and pretended he was new.

Quote from Dayraider 2.2:

Steve, you're not the arbitor of my civil rights as an American...

I'd say you're done too...you don't even have power of attorney over a trading account; you only trade under others' supervision.

Anybody else want to shoot themselves in the foot?
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Interesting concept steve911... I wonder why you never said Jack Hershey should do the same?
Quote from stevesbg:

Tell you what, if you're so "convinced" how about having a reputable third party audit your trades and vouch for the results? Realtime, real money, put it on the line.
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