I had a bad day, hitting just over half of trades, and only one hit my target. STILL made money though (4.5 ES pts). This shows the power of using retracements for day trading. I strongly suggest you use some variation of retracement unless you go longer term. other than true scalping, I don't believe any other system works on a really short time frame. Breakouts will definitely fail. Scalping is really tough. Jay
It is not true. You can take the free trail yourself. O am on the middle of report & report is after that. They had over 200 in the room yesterday.
Oops, That was supposed to be a PM to tradertomsa. Sorry guys. I have just been explaining my system to the guy. Not related to the other jay discussed here.
There was some report that comes out that can usually move the futures market on the same day Rifkin would be free on Vu's show. So I had a choice, listen to the free squawk via Vu to get the fast skinny on the report and put up with Rifkin, or turn him off. I turned it off. I'd rather be late with the news than listen to Rifkin.
He talked like some of those so called professional teachers in the free room: do not want to make really clear simple calls. Talked with lot of IF & IF stuff. It is a joke to think no one knows about the supports & resistances. Even my QuoteTracker charts show them.
SUMMARY: I am tired of staying in the 2hoursaday.com chat room since most of time it was Jay's student moderated the room of their trading setup. It shows around 200 people (lots of trials) in the multiple rooms there. He is doing lots of education business (said he has over 300 students) besides trying to build livecomm.com site. I do not like their sound of cachings since most trades were not announced ahead & during. Did not even know there was any trades & then all of sudden the cachings came, this is not right that way. It is good for newbies willing to throw education $ around to get drilled. May make 2 point. He may make $$$ doing education & chat. I am not going to stay for the full trial, it is waste of time. It is cheaper to get education from: http://www.simple-as-123.net/class-schedule.html You can download free manual. If I were a newbie I'd download the manual & learn from it, may take the monthly class to get drilled. Other education with a little twist will cost thousands & wants more $ in chat & software. They are like selling drugs to hook you up In this thread we have not found a chat that members make $$$. Most educational chats spending a long time to call about the price movement & levels like sport broadcast. Do not make clear trading calls. Have not found one making clear trading call chat that realling making $$$. We are still looking...............
Hotcomm room ---------------- IOAMT, anyone spend time in this room? This is the room used by "Institute of Auction Market Theory". I might spend some time in this room tomorrow.