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daytradingthefutures.com review

  #108 (permalink)

Toronto
 
Trading Experience: Advanced
Platform: Ninjatrader
Favorite Futures: ZB
 
Posts: 40 since Apr 2011
Thanks: 15 given, 8 received

His SYM Renko bar type is nothing more than something similar to Unirenko with the Heiken Ashi attached to it. So when you use his signal on CL for example and you get a short signal arrow at let's say 58.57, than the actual price is already at around 58.47 or .46 or .45, which will NOT get you in where the signal actually triggered, unless of course CL retraces.

On the bright side, his Market profile is superior! I have never seen a better market profile than his.

In regards to his signals, yes, obviously you won't get them all right (no system does), but there is something called a corrective wave and a motive wave (you can see these at his site) with the motive wave being the best one.

So once CL breaks out of market profile and retraces (this is a motive wave, with 5 min. trend) and you get a blue buy dot, that is the best signal you can get. But again, doesn't work all the time.

Jay signal btw, works best on FDAX and CL. Not so well on TF or Gold (unless big news came out and they move hard).

Hope that helps (sorry, no magic pill

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