Simply put –

Mr. Ponsi provides excellent information. However, they are very big moves and definitely not for beginners. True, you could use micro lots so the risk/reward is on a level you could digest…but you will be wasting days and/or weeks of time waiting for this ‘perfection’ to actually happen…and in ANY kind of trading…nothing (even when everything is perfect) is guaranteed!

Ed is trying to create the highest probability trades that could go in your favor. Definitely a smart thing to do! In my opinion, and by the opinions of MANY other leading traders/authors, time and resources are being wasted.

Let’s work with a real world example and real world numbers.

Posit – with Ed’s system you might get 4-6 trades a month.

Consequence – Out of those trades zero to all of them could fail.

Result – You risk sitting for a whole month only to gain nothing or risk large loses.

Conclusion – Time and resources are being wasted.

A HUGE NO! NO! among pro traders and myself included. I can easily have done numerous high probability trades within the time that were low risk and high reward. I do that every day from Monday to Thursday.

Again, I think Ed’s material is an excellent read for knowledge and to learn…but definitely not for a solid trading system. Just wait till you hit days or weeks of ranging/box markets and see what happens!

Rating: 3 / 5