Details on Current Streak

Trading is sometimes about streaks.  Certain market conditions can be very productive.  Over the last month we've been on quite a run in our trading - in particular on the e-Mini of late.  Attached is a chart of the last 18 trading days where we have one of these positive streaks going.  While you cannot expect this to be the norm, it does demonstrate the power of the methodology even during the time when the market isn't doing anything that would be deemed spectacular in range, volume or volatility.  Have a look:

See the Winning Streak Underway

Comments

[Ted Bollmann]

Was impressed with your presentation last night.
Please put my name on your mailing list enabling me to purchase your service as soon as it is released.
Thanks

NetPicks Reply: Thanks for the feedback. We've added you as requested.

[Giovanni]

Hi, please put me in the list when you'll start to sell and also any idea about the cost of this system?
Thanks

NetPicks Reply: The webinar on Thursday will provide a lot more detail. Thanks for your interest.

[Peace]

What plateform does this system work on, example, tradestation, Metatrader, VT etc? What is the price for it, is it a monthly charge or a one time fee?

NetPicks Reply: The strategy can be traded on all of those you mention. Each of those is perfectly compatible with the chart set-up we need. There are no recurring/monthly charges. Thanks.k

[John Henry]

Based on your realistic expectation of making 10-20 Russell points per month and your experience of the kind of draw downs the system takes, what kind of leverage would you think appropriate for this method(in terms perhaps of $ in account per contract traded)?

I ask because the 2 pt stop would seem to require having $10,000 per contract to trade at a level where you risk 2% per trade (an often recommended figure). However, if this stop is rarely hit in full you may feel comfortable with a smaller number of $ per contract.

Many thanks.

NetPicks Reply: You are going about it in the right way - the way you are figuring your risk per trade, etc... The average loss is definitely less since we have two points where we reduce that in a trade. However, you still have that as the initial risk - we tend to say usually no less than $5,000 per contract - if you want to keep it to 2% then you have your figure exactly. If you are willing to use a bit larger leverage than the range can go down to the low figure we show but would really say that's a starting point. Thanks.

[Neville A. Cisneros]

Give 3 of the best brokers available

NetPicks Reply: This is going to be a very personal choice - however, we do help guide people in the right direction -- it of course depends a lot on whether you are referring to futures or forex. Thanks.

[Ernest Whitmore]

You mentioned future versions of Ultimate Trading Machine. How will you handle upgrades, will current owners be able to upgrade at a reduced cost?

NetPicks Reply: We haven't decided on this launch but last time we gave an extra module actually at no cost. We'll likely do something similar this time and yes, anything added later would always be either included or at a modest price.

[Ronald]

Please put my name on your mailing list enabling me to purchase your service as soon as it is released. Thanks

When is the release date?

[Joe]

I have recently learned of the Forex from an infomercial on TV. It offerd classes on the market...or at least a seminar to sell the system. I regretfully could not attend.
When will "UTM" be available, and can a novice that knows nothing about the Forex learn it quick enough to make money?
I am excited at the opportunity to learn this.

Thanks, Joe

NetPicks Reply: Your learning curve would be a bit longer than someone with forex experience already. Everyone can learn a market(s) but you'll just need to put some time in upfront to learn the terminology more than someone who has already done than.

[femi]

methodology sounds interesting. Do provide more information on the system(costs and application) as it relates to forex.

[Lisa Odorizzi]

After trading FX for one year, this system appears right in line with what I have been looking for, especially in that the methodology works well and consistently with the unique factors FX presents. I am looking forward to additional emails and info on the release of your system. Thanks!

[Sam]

Hello,
I have seen the Emini trading records from Sept15.06 and after.
- But I don't quite follow in the statement of short/buy back and buy/short to realize a profit/loss, may be the statement did not show us the entire picture?
- I would be interested about the cost of your system!

NetPicks: When we went long it shows where we bought and the result of that trade. The Sells were shorts and then the result. It is simply the list of entries - long or short and the result on each trade. Thanks for your interest.

[Peter Soested]

I am very interested in the UTM program.

Please put my name on your mailing list enabling me to purchase your service as soon as it is released. Thanks

When is the release date?

[Jay Marcus]

Hi,

Re. the average profit figures of 10 - 20 points on the Russell and 20+ points on the S&P, could you clarify what time period you were referring to - weekly or monthly?

Thanks again,

Monthly on that -- you saw from the recent trades it was double that but we want to set expectations at an achievable level.

[John Henry]

Jay - was the average guide you gave of 10-20 Russell points or 20+ S&P points a monthly figure?

Thanks!

Yes on that.

[Bruce]

Looks like a great system. Thanks for keeping me in the loop.

[bob hampton]

Hi, I'm having problems subscribing to the blog feed. Windows cannot recognise the .rdf file type. ???? Iwould like details of exactly what you are offering.
Many thanks, Bob.

NetPicks Reply: Typically it will take a certain Feed/RSS reader. Best bet is to bookmark the page and just return daily as we'll update typically on a daily basis. Each day we will have new info and updates. Thanks.

[Pramod Gupta]

How much your Ultimate Trading Machine cost? Please send me some more information about your company, service, brokerage account, fee/cost etc.

[peter]

Could you explain how the indicator comes to me should I buy your method.Is it something that stays on my computor forever and can be used on any forex or stock, or is it available only for a time period?If it is a commonly available indicator like say a stochastic then I can understand how I can use it, but if it is your own proprietory indicator with your own algorithim then I wonder if I can access it forever.
many thanks, peter

NetPicks Reply: Yes it is a fairly standard indicator with custom inputs and then a very unique ruleset. It is just one element of an overall comprehensive strategy. The simplicity is the fact that we don't bog the chart down with mulitple indicators but you will have the ability to use it on numerous platforms and will not have to worry about that issue. Thanks.

[Julian]

Please could you elaborate on how you hide your stop orders from the brokers in your next video?

Thanks

NetPicks Reply: Sure - we have something called an "emergency stop" kept a safe distance away from the market and the stop runs - then we use mental stops that we place based upon our chart that if breached trigger our exit. The key is not projecting those by placing those in the system close to the market - you know what happens when you do.

[jim paton]

Very interested in your method/strategy what is the cost of your system and is it available for purchase.

Jim
Scotland UK

NetPicks Reply: Thanks for the message - we should have that for you in the next few days - it will be a limited release but by your being here and watching you'll get that opportunity.

[Jay Marcus]

Hi,

Thanks for previous response. This brings me on to my next question, please...

I know that you are on a roll currently, but could you give an indication of the average points profit that you have recorded on a weekly and monthly basis, especially for the e-mini S&P and Russell (and the forex, for those who are interested.)

The maximum drawdown (and typical drawdowns) that you have experienced would be good to know, too - I expect the amounts are not too onerous with your approach.

Thanks, this would give a better appreciation of the system's performance overall and what might be expected. (It's understood that "past performance is no guarantee...", etc.)

Best wishes,

Jay.

NetPicks Reply: Some of this depends on the exit strategy used. We have a couple of approaches on that - one takes less time, one takes a bit more but returns more. Somewhere in the 10 - 20 points range on the Russell, 20+ point range on the S&P for example. Those are definitely achievable - some stretches like you see recently of course can go far better but other timeframes will be less hence these general averages. I don't have a drawdown percentage for you but I can say that worst stretch we've had last few months was three days and you can see a best stretch far out-distanced that. Hope that helps some.

[LLF]

I do not see a place that states the cost of your system. Any help is appreciated.

NetPicks Reply: We're still finalizing those details but the overall package is really coming together and we should have those details shortly. The intent is to have this come in at a price point that is substantially less than the usual "training programs" out there