Any info re:Insight.net?

Status
Not open for further replies.
R

RhinoGG

Newbie
Messages
6
Likes
3
OK, this site looks very good, but the operator has a bad reputation. It seems the name of the site has changed many times, and also the owner changed his name. That alone gives this site warts, but the method appears to have some merit. It looks as though, through some algorythmic processing, he has developed a failry smooth oscillator that measures support and resistence points. Of course, you'd have to know how to trade these points (higher highs & higher lows etc..) What I'm inquiring though, is this "trend index" oscillator actually as smooth as depicted on the website? Forget about his past shenangins, does this new improved version of the website offer any substance? Or does it remain rubbish? I'm hoping that actual users of this service can rely.

By the way, for your information, I'm willing to offer you, free of charge of course, two trading systems/methods that I have. 1.)60 Minute Trader and 2.) The Edge System. Both of these are gearded toward day trading the emini's, which I cannot do. I've not attempted to use these systems in real time, but they appear that they may work, whatever, they're free to you if you can offer solid information, good or bad on the insight.net web service.

Thank you for your time...
_RhinO_
 
RhinoGG said:
By the way, for your information, I'm willing to offer you, free of charge of course, two trading systems/methods that I have. 1.)60 Minute Trader and 2.) The Edge System. Both of these are gearded toward day trading the emini's, which I cannot do. I've not attempted to use these systems in real time, but they appear that they may work, whatever, they're free to you if you can offer solid information, good or bad on the insight.net web service.

Thank you for your time...
_RhinO_
Click to expand...

No ta! There has been plenty about these systems all over the www and I afraid I'm one of those old fashioned types that likes the bespoke approach. Go down to Burtons if you wanna buy something off the shelf - that's what I say.
I suspect one would have to be fairly myopic to pay money for a trading system called insight and even though your kind offer was well intended it may well be also a little short sighted.
 
rols,
I'm honoured you replied. You're prose and wit to which I aspire, and humbled I am by your fatherly advice.
 
Hi did you get any other info on insight? I have just taken the plunge for a 12 month suscription maybe am a total fool but wasnt too expensive, Ive so far only just traded fx and am interested in branching into the Dow.

One point for concern is that the backtesting seems to only go to the beginning of this year which is not far enough to tell if they are really on to something.
:)
will gladly keep you up dated on how I get on.




RhinoGG said:
OK, this site looks very good, but the operator has a bad reputation. It seems the name of the site has changed many times, and also the owner changed his name. That alone gives this site warts, but the method appears to have some merit. It looks as though, through some algorythmic processing, he has developed a failry smooth oscillator that measures support and resistence points. Of course, you'd have to know how to trade these points (higher highs & higher lows etc..) What I'm inquiring though, is this "trend index" oscillator actually as smooth as depicted on the website? Forget about his past shenangins, does this new improved version of the website offer any substance? Or does it remain rubbish? I'm hoping that actual users of this service can rely.

By the way, for your information, I'm willing to offer you, free of charge of course, two trading systems/methods that I have. 1.)60 Minute Trader and 2.) The Edge System. Both of these are gearded toward day trading the emini's, which I cannot do. I've not attempted to use these systems in real time, but they appear that they may work, whatever, they're free to you if you can offer solid information, good or bad on the insight.net web service.

Thank you for your time...
_RhinO_
Click to expand...
 
I signed up for a year and found the site to be pretty crap. The Oscillator is pretty much like any other. In a strong trending market it gives buy/sell signals way too early. In a sideways or only slightly trending market it seemed to give slightly better signals but not by much.

Personally I would suggest, as has been suggested many times before in various threads, spending your money on a couple of good books and then spend the time developing your own ideas.

cheers,
PKFFW
 
PKFFW said:
I signed up for a year and found the site to be pretty crap. The Oscillator is pretty much like any other. In a strong trending market it gives buy/sell signals way too early. In a sideways or only slightly trending market it seemed to give slightly better signals but not by much.

Personally I would suggest, as has been suggested many times before in various threads, spending your money on a couple of good books and then spend the time developing your own ideas.

cheers,
PKFFW
Click to expand...

Thanks for your reply am not really surprised but now that am in for the year will monitor the signals.

Regards FXLOU ;)
 
The Edge and 60 minute

Hi Rhino;

I have traded the edge for almost a year now and have been consistently profitable with it.

Although I have heard of 60 minute, I have not traded it. What is the premise behind it?

Mark

p.s. I am a full time trader, mainly futures, but I do trade the news in forex.

RhinoGG said:
OK, this site looks very good, but the operator has a bad reputation. It seems the name of the site has changed many times, and also the owner changed his name. That alone gives this site warts, but the method appears to have some merit. It looks as though, through some algorythmic processing, he has developed a failry smooth oscillator that measures support and resistence points. Of course, you'd have to know how to trade these points (higher highs & higher lows etc..) What I'm inquiring though, is this "trend index" oscillator actually as smooth as depicted on the website? Forget about his past shenangins, does this new improved version of the website offer any substance? Or does it remain rubbish? I'm hoping that actual users of this service can rely.

By the way, for your information, I'm willing to offer you, free of charge of course, two trading systems/methods that I have. 1.)60 Minute Trader and 2.) The Edge System. Both of these are gearded toward day trading the emini's, which I cannot do. I've not attempted to use these systems in real time, but they appear that they may work, whatever, they're free to you if you can offer solid information, good or bad on the insight.net web service.

Thank you for your time...
_RhinO_
Click to expand...
 
Oops, I forgot to mention that someone showed me the insight website and whether or not it works, given the history of the owner, I would be cautious. Also, it appears as if you can get similar calls for free at dowstomper.

Mark
 
Dow Trader

Have you checked both systems performances? The figures are completely different, the dates are also different. The system was created by Insight - The Stomper is fraudulently attempting to cash in on the success as usual - stomper aka tradestars aka Trader Jack (!!), Jungle Jim! Anyone can get a free 10 day trial to the Insight service to check the results and judge for themselves. Just ask!
 
Hmm well I have to report so far so good with the Dow Trader Im not complaining well over 200 points up and although Im only trading £1 at this stage have already paid by out lay for system and my risk (stop) for the trade I am now in - so all in all can only give 5 stars so far but time will tell I guess .....
 
Yes, so far so good.

fxtraderlou said:
Hmm well I have to report so far so good with the Dow Trader Im not complaining well over 200 points up and although Im only trading £1 at this stage have already paid by out lay for system and my risk (stop) for the trade I am now in - so all in all can only give 5 stars so far but time will tell I guess .....
Click to expand...

I am not going to say that DT is the Holy Grail having only made two trades with them. But I will say that both have been winners, I am up about 300 points and that their customer service is prompt, helpful, and I am happy that their historical performance (albeit just 10 months worth of backtested results at this stage) is reason enough to part with the smallest subscription fee I have yet come across. Like many I've parted with loads of cash on various systems that do not deliver. I successfully trade some comparably complex Elliot wave software and do not rely on being spoonfed my signals - but I reckon you would be slightly silly not to give DT a go, or at least keep an open mind.
 
Hey Dow, relax man.

If you read the comment above, I never flamed you, only said to be cautious, given some of the background. What you have not addressed (as far as I can tell) is the name change issue.

As you are aware, there are many people out there giving crappy information. I do not know if you are one of them or not, however, it does appear, however that your business record is not spotless. Given that, that is why I suggested that people be cautious.

As for the signals, they appear to be valid and I know at least 2 people who have paid money for them and are quite happy, and at $179/yr they do offer value.

As for Dow Stomper, yes, their calls may be different, but similar in terms of type of trading AND results.

Regardless, I am not here to flame anyone, and for the most part I do not even post to forums. My suggestion is to relax and not to be so aggressive to people who are just trying to help others find their way though all of the myriad of sites that promote signals/trading/etc....

Take care.

Mark
 
I'm with Mark.

I've been using the stomper for a little while and it seems, in my personal opinion, to be firing signals at far more appropriate points that insight.net.

And it's free.

While I wouldn't recommend EITHER for a serious trader, it's fun to use this method of trading for a 'play' account (few thou, no more). Personally, I lile the stomper because its... FREE!

Like I said, neither is the basis (IMHO) of a full time trading career, but the stomper is pretty good to get newbies up and running - reliable signals mean you will be able to focus on the rest of it (like when to run!).

One last thing - from my research, it would appear that 'dowtalk' is none other than 'shriaz lakhi', who tried to 'clone' the 'tradestars' system a few years back, failed, changed his name to 'John Evans', tried to fool newbies with his 'T3' indicator, then his 'T4' indicator... no wonder he is now trying to rip off the dowstomper system.

I don't know. Beginner beware, I guess.
 
Last edited by a moderator:
by the way, just thought I'd mention - there seems to be a 'war' going on between the owners of insight.net and dowstomper.com - check google for dowstomper and see some of the threads.

Whats REALLY interesting is that SOME trading forums (such as 'elitetrader' - elite my *ss!) HAD threads about it, but have now removed them apparently due to legal pressure from Mr Lakshi. They crumpled like a cheap suit in the rain under threats of legal action from some anonymous geezer with a 'get rich quick' trading system! Good to see that t2w has rather more moral fibre than that, and still allows free speech.

Lakshi must be REALLY p*dd off that his 'system' is available free!
 
FloorTrader said:
by the way, just thought I'd mention - there seems to be a 'war' going on between the owners of insight.net and dowstomper.com - check google for dowstomper and see some of the threads.

Whats REALLY interesting is that SOME trading forums (such as 'elitetrader' - elite my *ss!) HAD threads about it, but have now removed them apparently due to legal pressure from Mr Lakshi. They crumpled like a cheap suit in the rain under threats of legal action from some anonymous geezer with a 'get rich quick' trading system! Good to see that t2w has rather more moral fibre than that, and still allows free speech.

Lakshi must be REALLY p*dd off that his 'system' is available free!
Click to expand...

"The Motley Fool" site banned it as well - did they think dowstomper was spamming various boards ? ;)
 
Floortrader - you know, I know, elite knows, MotleyFool knows, and thousands of our members know that stomper is getting a free ride on insight advertising - just look at the number of times they mention "insight'" on their page - look at the comments that link to that page from various boards and posts such as your own - it is a simple but devious way to attract potential insight customers to his so called clone [the stomper signals and profits are completely different, so to call it the 'same' is a blatant lie, with the only intent to direct potential customers there]. You think people cannot see through this? Only t2w it seems haven't quite grasped it yet - bless them! Upset - not really! It is ironic but we are getting more signups & renewals than ever before without adding a single cent to our ad-budget. If anyone who reads this wants a free trial to our service just ask - make your own decisions.
 
Well done, dowtalk, now THAT'S service!

Free trials are the way to go. How long does the trial last?

Having said that, I've been watching the insight.net site, and you have only been promotng your 'inter market strewth' indicator since the summer of this year.

Before that you were promoting the 't-4' indicator.

So how can you have been trading the dowstomper since January?
 
Floortrader - We have traded the Dow via ICBrokers since mid 2004 - the trend index was developed prior to this, and we put into practice trading the IMS specifically on the Dow - as explained in our manual insight.net/dowtrader.htm - since December 2005...

The success of the method was then put into publication by way of a service to existing clients [free add on]. If we find something of value in our trading, we publish it - this allows members to enjoy evolutionary benefit. The system has also been tested on the FTSE 100, Nasdaq 100, S&P index with great success, some of this is discussed in our blog - dowtrader.blogspot.com. We know our business, and our clients. Our customer renewal rate - which is always a 'choice' as opposed to an auto-renew, is 74.6% - clients appreciate the fact that we are trading/learning/sharing, always committed to delivering bottom-line...

Unfortunately, it is inevitable. With success comes individuals who like to exploit/manipulate facts and internet search engines, posts/forums such as these to suit their own ends. We have put up with this for many years from the likes of Tradestars, Stomper and all the rest of his arsenal, but we are still here, stronger, more determined than ever. We have accumulated a significant file of this competitor's activity over a number of years, and have now left it in professional/legal hands, so we can continue to spend time productively on our clients first and foremost.

Incidentally, I don't know if you noticed - the stomper has published the below results which we have kept datestamped/entirety on file - the figures simply do not add up, and further asserts the reality of precisely what they are up to, and what their true motivs might be - we shall see...

Dec 4th: $51,480 Profit 20 winners, 9 losers!!!! - LAST 200 DAYS
Dec 6th: $51,763 Profit 20 winners, 10 losers!!!! - LAST 200 DAYS
Dec 7th: $60,597 Profit 23 winners, 8 losers!!!! - LAST 200 DAYS

Can you make sense of his figures - maybe you can - please enlighten us!
 
dowtalk said:
Floortrader - We have traded the Dow via ICBrokers since mid 2004 - the trend index was developed prior to this, and we put into practice trading the IMS specifically on the Dow - as explained in our manual insight.net/dowtrader.htm - since December 2005...

The success of the method was then put into publication by way of a service to existing clients [free add on]. If we find something of value in our trading, we publish it - this allows members to enjoy evolutionary benefit. The system has also been tested on the FTSE 100, Nasdaq 100, S&P index with great success, some of this is discussed in our blog - dowtrader.blogspot.com. We know our business, and our clients. Our customer renewal rate - which is always a 'choice' as opposed to an auto-renew, is 74.6% - clients appreciate the fact that we are trading/learning/sharing, always committed to delivering bottom-line...

Unfortunately, it is inevitable. With success comes individuals who like to exploit/manipulate facts and internet search engines, posts/forums such as these to suit their own ends. We have put up with this for many years from the likes of Tradestars, Stomper and all the rest of his arsenal, but we are still here, stronger, more determined than ever. We have accumulated a significant file of this competitor's activity over a number of years, and have now left it in professional/legal hands, so we can continue to spend time productively on our clients first and foremost.

Incidentally, I don't know if you noticed - the stomper has published the below results which we have kept datestamped/entirety on file - the figures simply do not add up, and further asserts the reality of precisely what they are up to, and what their true motivs might be - we shall see...

Dec 4th: $51,480 Profit 20 winners, 9 losers!!!! - LAST 200 DAYS
Dec 6th: $51,763 Profit 20 winners, 10 losers!!!! - LAST 200 DAYS
Dec 7th: $60,597 Profit 23 winners, 8 losers!!!! - LAST 200 DAYS

Can you make sense of his figures - maybe you can - please enlighten us!
Click to expand...

it's not for me to 'make sense of his figures'. If I had to guess, I'd say it's obvious, as anyone who claims to have 'invented' the stomper (like YOU!) should know. Can't figure it out? Here's a clue - think of the way a moving average is calculated. As days drop off the end of a data series (in this case 200 days, it says) you'd expect the figure to change. I start to wonder who creates 'your' indicators!

As far as I know, the stomper indicator was published on traders101 for over 3 years, and the methodology until recently was published there too. I'm reliably informed (and have been shown proof) that until May this year, you were tryig to sell 'the T-4 Indicator' on insight.net.

A few months before that you were selling the 'T-3 indicator'.

So I'm sure the members of this board are curious to know a few things.

1. Is your REAL name Shiraz Lakshi?
2. Did you only start selling your 'inter market strength indicator' in May
3. As you have only been selling it since May, how the hell can you have a 'customer renewal rate' of 74%??? You charge yearly!
4. Will you be attempting to sue the people who USE the dowstomper as well as the people who created it? :)

Don't bother answering ther last one, Shiraz. I can't see how you have a case legally. Unless you think your crappy little indicator is in some way 'copyrightable'. In which case you'd better show us where you think your rights are being infringed.

On second thoughts, don't bother. This is a trading forum for traders, not a soap box for people like you to complain that someone else is doing it better and cheaper. And let's face it, dowstomper.com is FREE. 1, 2, 3 - we caught you out Shiraz. Now GO AWAY
 
By the way,

for your information, I'm willing to listen to your entries stops and targets
 
Status
Not open for further replies.

Similar threads

K
Easy Trader by Terry Noone
Replies
1
Views
2K
richyrich
R
Z
Newbie Thinking of setting up a new Business, need advice with my idea 
Replies
3
Views
2K
zlee209
Z
D
Forex Trading
Replies
5
Views
2K
TheLastBear
T
J
Email/SMS Alerts on Chart Trends
Replies
3
Views
2K
AC007
AC007
O
Accurate Trading Strategy
Replies
1
Views
8K
NVP
NVP
Top