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Looks like a useful combination. Mark has too many, more than sufficient, indicators for trading. Only takes a few to do the job. IMHO he has so many they filter out what could have been money making trades. He makes way too many trades in the trade room with his discretionary trading. The REVO makes too few for me. Just my opinion, but his entries are far from an optimum entry and he is getting in when someone who enters closer to the reversal bars is getting out.
Can you help answer these questions from other members on NexusFi?
This is actually my current trading screen.....testing the chaikin money flow indicator...comparing the unirenko to a 15 second....chart also..I trade the MNQ exclusively....single contracts but add to the position when it makes sense to me....big advantage is that the price always returns to the 50 SMA so you always know where the price is going....and when you know that you can do things other traders wouldnt...Mark has stops and that is when he loses...I can add to a position and still risk less than a whole...10 MNQs equals 1 NQ...I can go to 30 MNQs just to equal what is one of Marks trades....but i dont have to...looking for a 6 to 1 return...if I have 1 contract in play i want 6 profit...2...12 and so on....
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Thanks, I searched particularly for SMAHist in the download section as well as in attachments and couldn't find it....
Got it now and will do some testing, so thanks again!
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Agreed with everything you've said. Day after day he repeats the same blunders, 65 trades and a few winners, doesn't cover commissions. He is a marketer not a winning trader. Best avoid. You can do better with a coin toss.
SMAHist.......All the indicators are from nexusfi.com.....under indicators for NT8.... will check what its called...Histogram Collection on page 32.....there are about 6 of them....you may find the ADX also interesting.....Also showed my current screen....2/5/10 Unirenko and 377 Tick with Chaikin indicator and the bottom right is the 377 tick and the 150 tick (smaller bars) the red and green circles are the order flow trade detector indicator
[IMG]https://nexusfi.com/attachment.php?attachmentid=306590[/IMG
I have been a Rightline licensee for almost 4 years now. The offering is certainly useful and creative, but you can't rely on it exclusively, for many reasons. Essentially, it is all marketing. Mark has an interesting relationship with the truth. It is hard to have any confidence in Rightline if you happen to look at their daily marketing emails. Filled with untruths, sleazy promises, and phony testimonials.
However, I believe some of the tools are quite useful. I agree that more often than not the signals are too late. If you watch Mark trade in his room, you'll see that. And, you will see exactly how NOT to trade if you look at Mark's live trades. But if you use their indicators and develop your own strategy using other criteria you might be successful.
The comment that unirenko and bias (triple screen) together give you late signals is right on. Mark doesn't understand this. The bias indicator is great, but you have to be able to read the markets, which takes time.
In the end, if you hold your nose to avoid the smell of sleazy marketing and other BS, Rightline can be a very useful.
I have never used this vendor or these tools and can't make any comments about them.
But I wish more traders would understand these two points, especially "but you have to be able to read the markets, which takes time." I think that if you just were to use something as basic as a moving average, or pick any of the thousands of other totally ordinary indicators in existence, and use them to help you read the markets, you will do well. If a trader believes that their job is to read and trade an indicator or a system, and not the market, I think they will have a lot more trouble.
You can also learn to read the markets without any indicators. (Which I am not arguing for or against. It's just a thought.)
I somewhat think that all indicators work moderately well, and moderately poorly, depending on how they are used. The same is probably true with most systems and methods (well, some don't work at all, so I guess they are not all equal....)
But if people would just look at what the market is doing, they probably will start to do better. At least they will not be losing the money they spend on new systems.
But this is part of learning, too.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
