Has anyone tried eminiacademy.com? | Trading Reviews and Vendors


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Has anyone tried eminiacademy.com?

  #21 (permalink)

Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,855 since Oct 2009
Thanks: 3,432 given, 4,886 received


Fat Tails View Post
I think that all concepts in trading are fuzzy. You need to tackle that. I would never trade off fib lines or pivots without additional information, but it definitely helps. Certainly this information has superior precision, if compared to market profile. See chart below.

If 10 traders look at Market Profile, they will all see the same key locations. If 10 traders try to draw some Fibonacci confluence zones the chance is high that most of them will get different levels. That's what i meant.

In my trading plan i often fade a key level as they provide the most reward. Pivot S2 was a good case yesterday on the ES. You can be wrong many times if you take a trade at an extreme. The need for additional information is understandable but there are limits. Many times it's preferable to take a risk without this additional information.

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