Eminiaddict.com Review:
I am really excited for viewers here to learn of www.eminiaddict.com. Eminiaddict is run by David Halsey “Cool man Halsey”. I first came to learning about Emini about 2-3 months ago, as a friend referred me.
When I was greeted to the site I can’t say I was extremely impressed pretty simple page with some how to videos on some thing called Ambushes, in essence they are 50%-61% retracements (lets call them kill zones) with -23% targets. There are no signal tools IE: Macd’s, Stochastics, Moving Averages…etc.
How could something so simple work right? Boy was I wrong…This had been an extremely effective technique anyone can learn.
David explained the site was about learning how to trade on your own learning this technique he had. He does this via three forms:
The free learning videos he has posted at http://www.eminiaddict.com/2009/03/emini-addict-webinars.html , a nightly video on his main page which allows you to compare notes with your own (I think it is important to do your own analysis first as not to be dependant on others personally), and an Intraday LIVE class.
David, normally trades both the Euro Currency and Eminis (S&P Futures) don’t expect him to tell you where to short and where to go long and follow blindly it truly is a learning environment. What I have learned though is it can also be used on stocks and etfs effectively.
The Intraday class costs $30 a month, and he has a 7 day trial before you are charged. For the membership you are treated to his guidance on “Ambush Setups” from 30 minutes prior to market open to close, he answers any and all questions and an extremely professional individual. Sometimes I believe he might be comotosed as he really displays no emotions. I believe all around he is a great guy, humble and honest.
I couldn’t thank David enough for what hes doing, and for any “newbie” trader I believe the costs associated are fair. He uses 6tick es stops (1.5 pts) and tries to swing long and short which has an excellent risk:reward.
…so go check it out
Here’s some really large examples of this bear market Ambushes (Wish I found him sooner)
Danny
Danny,
One excellent review. Don’t forget to go over his trading rules. It will provide insight on how you may want to trade these fibs, although each person may prefer a different strategy. At least you will be in sync with how EA takes the trades and tries to become part of a swing opportunity.
Ever heard of that “cut your losses, let your profits run” saying? This is the place where you see it happening in action.
Lastly, this is no place for beginners trying to find someone to tell them what to do. Do you wish to learn and truly become an independent trader, this place is surely giving you insight. Risk management, profit targets, entry decision taking, mentality, its all there for the taking at his sight.
Dif
Hey just an update and some thoughts. After leaving O, I started trying out both the inthemoneystocks.com and eminiaddict trading rooms. After about a month, what I see is that inthemoneystocks.com is more for swing/position traders (they accumulate 1/3rd positions over time and do a lot of stocks like QID FAZ SDS etc.) and they have an excellent end of day long term analysis service ($50 month) that I’d recommend.
I have also been following eminiaddict and I’d have to say that I’m extremely impressed. MANY of his calls if you watch his nightly free videos have worked out. I think I’m gonna subscribe to the ITMS EOD analysis and then just start day trading w/eminiaddict - much more profit potential with his setups, especially if you use in conjunction with your own indicators. I’ve come to agree that it is the best site for you to learn yourself to trade the ES, and it is only $30 a month.
If O really wanted to help people like emini addict does, he would only charge $30 a month instead of $400. Try it yourself, check out the eminiaddict site, view the getting started videos, paper trade the nightly setups on the free videos, chat with other traders free in the free chat, and come up with your own opinions. Today was an example of a day where EA’s setup worked out and O’s didn’t. EA long from 891, tgt 810+ (which worked), O short 900 buy stop above 910 (which would have lost you money).
Between ITMS and EA, just choose the style that you are more comfortable with. Personally, if I’m going to do this full time, EA has much more profit potential if I can trade accurately with good setups most of the time.
i am in ea as well now. david is so calm and polite. the room is all business. he practices the philosophy that there are no stupid questions. i hear him answering the same questions day in and day out, so you really learn the system without having to work very hard, just by repetition. there are a lot of FREE, very informative and professionally made videos. this is really the BEST place for a new trader to start. this guy gets it so right i just can’t believe it. best of all, he teaches to trade by yourself. he doesn’t want you to be dependent upon him. one thing he said really struck a chord with me. he was teaching his child his method. he said that once you know how to do this, no one can ever take it away from you. you will always be able to make a living.
David Halsey the Emini Addict really want to help new traders. He provides great info on his site for free. He offers many great webinars free.
David really wants to teach what he knows and help new traders succeed.
He does not make trading calls. I guess that is a CME regulation as his service is registered as educational. It is not a trade signal room.
Subscription to his live room is uner $30/mo with 7 day free trial.
The chat on his site has many helpful traders to learn from. I learn a lot form both David and the traders who came to the chat room on his site.
so how do you actually use his site if he doesn’t make actual calls?
Look at Eminiaddict as someone to look at charts with, you gotta see your own opportunities and he also gives entry levels in his videos. He also answers questions if he is short/long
MrM
Watch the video tutorials and practise finding patterns in the charts as he instructs. The first few days, just listen because it won’t make a lot of sense to you. But stay with him and the light will go on. This is really an excellent resource if you want to learn to trade independentently.
thank you X91 and LindaSue. I tried the free day on Wed and liked it a lot. I really liked the play by play commentary and how he answered questions. I was getting a bit confused by the AL, AS, and how he was drawing the fibs but i guess that’s par for the course.
again, thank you very much for you help and advice.
Thank you for the due diligence done!
Raphael
how has the emini room been performing the past few weeks? i know he doesn’t give out specific trade recs but i heard he does give out his positions and you get a general feel for the room’s performance
I must say I have learned a lot from DH, and now I could trade on my own in control of knowing what the market is doing. Until now, I was not able to gain such confidence. The method he teaches is very simple and powerful.
His site is for educational purpose only and not a trade signal room, but as Linda stated things does start to click after a while. Money well spent IMHO!!
Is anyone besides me having problems accesing eminiaddict.com? Everytime I try to go to the website my modem resets itself! It is the weirdest thing. Even my ISP has never heard of this before. At least that is what they say. Oh, I can access it with my backup computer but not my main computer which really makes this stange.
Let’s be honest! whether it be emniaddict or livewithoscar there is only one person that makes money with theses types of sites. Guess what - It’s their owners!!!
If they were that good at trading do you really think they would be teaching others??? Come on really!!! Would you? or would you spend your time making money by trading… Maybe it’s just me and I’m just selfish!
Having said that, for $30 a month eminiaddict is great value and you will learn a lot. I like David and he is certainly easier to listen to than Oscar. However, I don’t believe you will consitantly make money using his system. (Oscar’s neither for that matter). He has 400 members paying £30, that’s £12,000 a month, plus any kickbacks he gets from infinity futures (even if it’s only $0.50 per trade this mounts up). Don’t get me wrong he works hard for it.
What would I like to see from David? If he can’t call all his trades live for legal reasons that’s fine I understand. However, I would love to see his daily spreadsheet of the trades he’s taken. It would help understand the reasons behind them and show how many full stops are hit.
Best of luck to all of you.
To the holy grail does not exist; you are not paying attention. Pay attention to what he is teaching and not his trades. I have moved on my own using what I have learned from DH. I don’t trade using 6ticks stop but my TA has improved a lot.
Come on guys,
Rally how do you trade being in the room? I can not figure it out.
The Fib 50% does work but not those micros. But, If you have a bias toward a direction then those don’t work.
DH’s trade set-ups work - period. It is not that all of them will be profitable - full stops are part of the game. You need to watch the videos and listen-in while simming the method for a month or so.
No method (even one as simple as the DH’s) is going to be profitable if “you-the trader” does not feel confident about it and make your own set of rules. DH is merely teaching u to fish.
Yes, like ‘the holy grail does not exist’ says, he is making approx. $12k for his efforts per month from all subscribers - but for wht he offers, to him its like working for minimum wage. He teaches because he believes it helps him trade better and I believe he charges a measly $30 per month becasue it helps cover costs and makes him committed to it as well.
For all those interested in trading (ES and the currency futures) and still looking for a methodology - checking out eminiaddict.com and giving the free trial a shot is the best thing you could do for yourself. You will get a set of trading rules to guide you, give you a small stop-loss strategy for each set-up and will help you make decisions just with price action - absolutely no indicators! Good luck!