TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF | Trading Reviews and Vendors


futures.io - futures trading strategies, market news, trading charts and platforms


Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

TEN-THOUSAND IN EDUCATION, FINALLY PAYING OFF

  #3 (permalink)

Northern California
 
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Amp Futures/ Zen-Fire
Favorite Futures: YM and CL
 
Jeff Castille's Avatar
 
Posts: 2,119 since Jun 2009
Thanks: 1,785 given, 3,289 received



bobbyacim View Post
After spending a small fortune and much sweat, it looks like my trading is turning around.
Discarded most all conventional technical indicators and explored a new approach. Market Profile analysis.
Which takes market data and places it inside a gaussian distribution model. It allows you to see much more than simple open-close, high/low.
It looks at market as a auction process and lets you guage the fair market price as well as the value areas have formed where 70% of participants have traded (+ 1, -1 standard divation). A very holistic view of what is happening and as a result I no longer take a trade based on where the technicals point alone.

I can see major support and resistance levels several days back and well as judge who is trading? long-term traders or short term. Learning this type of analysis is not easy, I have read multiple books on the subject but what really put it into perspective was a Market profile bootcamp from profiletraders.com. The creater is a guy named REZA. Also a lot cheaper than other courses offered out there on market profile.

Shortly I will be posting screen shots of some of my recent succesful trades.

I can not believe I am writing this post considering a few months back when I wrote Ten-thousand and still not profilable, I was about to give up!

Warning, Market profile is not easy to learn and use, but so far I can tell you, it has made a huge difference in my trading results and approach. I will keep you posted.....

This is tremendous news!!! I am very happy for you.

I am sure the entire forum is interested in how you made your break through......

Congrats!

Jeff

Follow me on Twitter Reply With Quote
The following user says Thank You to Jeff Castille for this post: