bluemele 

Well, I can only speak for myself and I think I had this conversation elsewhere on this thread. Do I believe this is the only technique known that will generate consistent profits? NOPE. Do I believe that there are other profitable traders within the group? YES. Do I believe that my psychology is causing me a lack of opportunity in the market? YES Do I believe that Horst's success is contingent upon his years of experience of this and other systems? YES Do I believe that anyone can become a master trader in 6 months or less. UNLIKELY, but my opinion is open. Horst is an amazing guy and someone to look up to as a trader. I don't know him personally YET but believe his core values to be consistent with a great many people which I would categorize as 'good'. I do believe NFT is different in that they do teach you the 'mental' aspects of trading. I trade SIM, but I trade it like I am live. Probably except a couple days a couple weeks ago where I had 'lost that loving feeling' after a few weeks of UP UP UP UP UP UP UP UP UP I do not believe the indicators are perfect everytime and that is something I think Henry as a teacher will continue to challenge his students with. But, hey, who am I, just a guy with a journal who paid some money to learn from a good trader. I have sat in the room w/ Henry, he is a good trader. The challenge is taking that from him and transplanting it to someone else. We are all so very different that it is an almost impossible feat in my opinion to bring everyone up to the level. He is really trying though. Most people will burn-n-turn but he seems like he wants to really get all his people to the top with him/horst, etc.. If 10K is a lot of money to you, then I suggest you not do it. If 10K is not a lot of money to you then I would say do it on one condition. You stick with it for 2-3 years and don't look at anything else and you devote at least 4-6 hours of study on yourself and trading. My main problem is probably due to me losing $Millions of dollars in the real world of non-trading while I am learning trading. When you wake up and you realize that you are down more than most people make in a life time it is a bit of an emotional roller-coaster to remain positive at least for me. My family life is my savior, my credit score is intact, but my EGO has been decimated. Which is something positive in my opinion. Ask yourself, if I joined, how would I feel. If I didn't join, how would I feel. Rate those emotions and go with your gut. Good luck with your journey whether you join or not. Life is short, make the most of it.

Thank you for your well-written and candid response.

er2wizard 

It takes roughly 4 years of undergraduate school, 4 years of medical school, and 3 to 8 years of internship and residency depending on the specialty selected to become a doctor. That's approx. 50K hrs screen time for doc. With an est. cost of tuition between $250-300K In 2009, physicians practicing primary care had total median annual compensation of $186K, and physicians practicing in medical specialties earned total median annual compensation of $339K. 600K if they go into something like neurosurgery. So then here we have wanna be traders. People that want to be involved in the most profitable business in the world. Competing with people that pay more in taxes than a doctor makes in a year. And they want to be able to do it on a shoestring. 3-4 months time and maybe a few grand. Do you have any idea how out of touch you are with reality?

Great point. Thank you. It is naive to compete with MIT and Stanford grads with big company accounts without a solid education and plenty of experience. Hey, but that's me. Please wish me success anyway.

Ok, Market Replay since the Tsunami alert kept me awake all night. I will and would not trade this day due to the large split between the two contracts due to rollover, so this was more for practice than anything close to reality.

I was looking for a short. I didn't get it. I got a small one, but I didn't end my trades at 3. Had I done that I think I would have been a half point profitable, but that was not my goal.

It did retrace but at the long term 23% retracement. There were a lot of pullbacks and I couldn't figure out which one to place my retracement off of to find that 23%. It was also close to a 100% extension, so had I traded my non-76/89 only way I would have probably hit that one, but probably would have given many gifts along the way. Better to take a point down than 5 points in my opinion.

I would not trade this day for real live as I don't like these rollover dates and especially considering a friday and the earthquake etc..

Video

bluemele, pardon me if this has been asked, but what type of bars do you use in your main (144T) chart? I would say HLC but I can't tell for sure!

josh 

bluemele, pardon me if this has been asked, but what type of bars do you use in your main (144T) chart? I would say HLC but I can't tell for sure!

Yes. HLC bars which are not default in NinjaTrader. So, you have to add the "close" part through a 1 SMA charted as a "dot" and "open" so you can see price.

It hasn't been asked. Good luck.

Thank you! I had just thought of hacking at this and you just confirmed it!

Ok, Market now opens at 3:30 HST! Ouch!

Let's see how that goes this week. Wake up at 3am, maybe fall back asleep and not be a zombie.

Ok, today was completely my lack of patience.

Only 1 real trade today at the 76, but I decided I knew better. Not good and very frustrating as I get only 3 trades and I used them all up at the 50% and 61% retracements!

When will I decide to stop doing that.....

Had I taken all entries today, I would have been up at least 3 points by the way. However, it would have been about 7 trades. The 3 trades is keeping me from over-trading and pushing me to wait, but I am still not waiting.

Not the method's fault, strictly mine if anyone asks.

bluemele 

Ok, today was completely my lack of patience. Only 1 real trade today at the 76, but I decided I knew better. Not good and very frustrating as I get only 3 trades and I used them all up at the 50% and 61% retracements! When will I decide to stop doing that..... Had I taken all entries today, I would have been up at least 3 points by the way. However, it would have been about 7 trades. The 3 trades is keeping me from over-trading and pushing me to wait, but I am still not waiting. Not the method's fault, strictly mine if anyone asks.

You might be a natural born scalper. A very successful trader, Ed Abreu, said he can't wait for counter trends. He WANTS TO TRADE NOW! Check him out at protradered.com. If you trial his trading room and indicators, please tell him Orin sent you.

HighRise1202 

You might be a natural born scalper. A very successful trader, Ed Abreu, said he can't wait for counter trends. He WANTS TO TRADE NOW! Check him out at protradered.com. If you trial his trading room and indicators, please tell him Orin sent you.

Well, thank you and it is always encouraging to share your journal and have people recommend another system. haha.. Seriously though, I realize you are trying to help.

I will stick with this until I 'breakthrough' my bad habits and move forward.