If you read my past few posts you will find them. Essentially, he makes it sound like he just came up with yet another system that targets and risks only ticks here and there via the DOM. The thing is that in the ES, there are so many flushes, his "rules" of soft and hard 3 or 4 tick stops would get run over. The DOM is also quite difficult to read, in my opinion, because its not like the bonds lets say, with much thicker liquidity. I watch the pulling and stacking of bids/offers, and just when it looks like its going one way, it goes in the complete opposite direction. Essentially, operating on such a small time frame is extremely difficult/impossible to do....What are his "extravagant claims"-- I'm always interested/curious about people's % or money returns.
He makes it sound like he is all automated, and then makes it sound like he has this new system he is trading manually. I ask to see how he has his DOM set up to do this, and nothing, no reply. He has gone around telling people he trades hundreds of ES contracts, and frankly, he sounds like a one man hedge fund.
Anyway, there have been discussions about him before, like here,
https://www.elitetrader.com/et/threads/who-will-teach-me.285210/page-2#post-3998042
https://www.elitetrader.com/et/threads/natural-gas.56256/page-2#post-4313988
and its funny how these just stop. When you block the ability of the very few traders we have on here who actually have a clue to comment on some of these claims, you enter fairy tale trading world.
Listen, so much of what he says sounds great, but then if you're gonna go into some specifics, show it. And this is where the friendly and helpful attitude stops. The guy says he can have 80 ES trades in the first hour or 90 minutes, trading hundreds of contracts, averaging into positions. Jesus, when it goes against you, and it does very quickly, what then? He says he has a 90% win rate. Claims like this need to be backed up. He has time to mark up charts with where trades "could" be taken, on a very crappy and old looking platform, and yet cannot submit one chart with the trades actually marked by the platform.
-- I'm always interested/curious about people's % or money returns.
