Any followers of Ray Freeman / Samurai Trader out there? - Traders Hideout | futures io social day trading
futures io futures trading


Any followers of Ray Freeman / Samurai Trader out there?
Updated: Views / Replies:144 / 8
Created: by kevinhpchan Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Any followers of Ray Freeman / Samurai Trader out there?

  #1 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL
 
Posts: 20 since Jun 2018
Thanks: 8 given, 0 received

Any followers of Ray Freeman / Samurai Trader out there?

Are there followers of Ray Freeman (Samurai Trader) out there? I'm just starting his Fast Track course (iamadaytrader.com). Just wondering if anyone who's practically using his strategies (e.g. e.g. 89B etc). Would be great to connect with others on the same journey.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
London/Canada
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM, NQ, TF, ES, 6E, CL
 
Posts: 8 since Mar 2013
Thanks: 22 given, 5 received

Looks like bad reviews....


https://www.tradingschools.org/reviews/i-am-a-day-trader/

I'd try to get your money back. Are you looking for a system or some guidance in self-discovery?

Reply With Quote
 
  #4 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL
 
Posts: 20 since Jun 2018
Thanks: 8 given, 0 received


RoboVinhci View Post
https://www.tradingschools.org/reviews/i-am-a-day-trader/



I'd try to get your money back. Are you looking for a system or some guidance in self-discovery?



I did read that review. I was never aware of Ray in his previous ventures but based on his current training videos, he seemed sincere and intentional in training other traders. Have you watched any of his stuff on YouTube?


Sent using the futures.io mobile app

Reply With Quote
 
  #5 (permalink)
Elite Member
London/Canada
 
Futures Experience: None
Platform: NinjaTrader
Favorite Futures: YM, NQ, TF, ES, 6E, CL
 
Posts: 8 since Mar 2013
Thanks: 22 given, 5 received


kevinhpchan View Post
I did read that review. I was never aware of Ray in his previous ventures but based on his current training videos, he seemed sincere and intentional in training other traders. Have you watched any of his stuff on YouTube?


Sent using the futures.io mobile app

Yes just did... Too many squiggly lines on the chart, so it's not for me.

Reply With Quote
 
  #6 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 381 since Oct 2009
Thanks: 162 given, 619 received

I buy lots of methods (hobby) that aren't too expensive and enjoy trying to figure out a way to

a) make them nearly 100% rule-based

b) get them to an acceptable profit factor.

This is done in my spare time. For my primary intraday trading I use methods that employ two timeframes and trade in that direction (trend breakout pullbacks and with trend pullbacks) from 9:30am to around 1pm est.

With regard to Ray's 'method' - even taking my reward:risk down to 2:1 net net on a bunch of his entries and trying various stop win/stop loss session parameters and looking at his easiest 2-4 types of entries...

Alas - it was a wash personally for me. Also, his timeframes are ridiculously fast and he's a paper trader who makes videos that show really favorable price action. When the price action is not quite as favorable he'll highlight his 'mean reversion' entry techniques.

When the market is trending hard and smooth - he'll show his trend and trend pullback entries.

The guy is really sleazy. I bought his program for like $79.00 - less than the cost of a night's dinner at a decent restaurant for two. So I don't really care what a scammer he really is for less than a c-note.

If you really want to put in some spare time on his program I would suggest concentrating on 2-3 entry techniques. Build your own trade management/targets and rule-based parameters.

I also suggest looking at data that is the same time period each day - a consistent start and end time.

If you just look at random times of day your brain will start to look at opportunities that you'll be most likely curve fitting or you'll just gravitate to a random starting time when your eyes see the 1st winning trade or chunks of price action when price began moving smoothly for whatever your type of trade setups are.

Finally, if someone really wants to take apart this method I would suggest using LONGER timeframes and conservative entries w/tight trade management and at least a 2 to 1 net net reward:risk and perhaps look at two markets at once and be very very picky about your 'rule-based' entries.

Even with that written - I believe all of his types of setups show no real long term edge due to the 'subjectivity' of them.

Using two time frames may be a helpful filter.

Good luck and good trading.

Reply With Quote
The following 3 users say Thank You to researcher247 for this post:
 
  #7 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL
 
Posts: 20 since Jun 2018
Thanks: 8 given, 0 received


researcher247 View Post
I buy lots of methods (hobby) that aren't too expensive and enjoy trying to figure out a way to

a) make them nearly 100% rule-based

b) get them to an acceptable profit factor.

This is done in my spare time. For my primary intraday trading I use methods that employ two timeframes and trade in that direction (trend breakout pullbacks and with trend pullbacks) from 9:30am to around 1pm est.

With regard to Ray's 'method' - even taking my reward:risk down to 2:1 net net on a bunch of his entries and trying various stop win/stop loss session parameters and looking at his easiest 2-4 types of entries...

Alas - it was a wash personally for me. Also, his timeframes are ridiculously fast and he's a paper trader who makes videos that show really favorable price action. When the price action is not quite as favorable he'll highlight his 'mean reversion' entry techniques.

When the market is trending hard and smooth - he'll show his trend and trend pullback entries.

The guy is really sleazy. I bought his program for like $79.00 - less than the cost of a night's dinner at a decent restaurant for two. So I don't really care what a scammer he really is for less than a c-note.

If you really want to put in some spare time on his program I would suggest concentrating on 2-3 entry techniques. Build your own trade management/targets and rule-based parameters.

I also suggest looking at data that is the same time period each day - a consistent start and end time.

If you just look at random times of day your brain will start to look at opportunities that you'll be most likely curve fitting or you'll just gravitate to a random starting time when your eyes see the 1st winning trade or chunks of price action when price began moving smoothly for whatever your type of trade setups are.

Finally, if someone really wants to take apart this method I would suggest using LONGER timeframes and conservative entries w/tight trade management and at least a 2 to 1 net net reward:risk and perhaps look at two markets at once and be very very picky about your 'rule-based' entries.

Even with that written - I believe all of his types of setups show no real long term edge due to the 'subjectivity' of them.

Using two time frames may be a helpful filter.

Good luck and good trading.



Thank you so much for the feedback and experience. I figured for the price he charged, there would be some value in the content beyond just his specific setups. Did you test the setups he references, he seems to talk about his 34B setup a lot.

You mentioned youíve bought other programs. Which have you found reliable as a 100% Rules Based approach?


Sent using the futures.io mobile app

Reply With Quote
 
  #8 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 381 since Oct 2009
Thanks: 162 given, 619 received

I last looked at his method in the summer of '16 - if you are interested in a particular setup of his (34b) - again, I suggest you watch it real time on a longer timeframe and use perhaps a higher timeframe as a filter (trend continuation if I recall).

Perhaps as I wrote watch two markets at once and don't overtrade and try to trade those markets w/n the 1st two hours of each session when they have the most volume.

My own trading methods that I trade intraday full time are as I stated (trend breakout pullbacks and pullbacks to trend) and I use two timeframes.

The 'methods' I use are irrelevant, though I use 3 slightly different approaches but they are all very similar in that they trade trend breakouts on pullbacks and pullbacks to existing trends.

The methods are irrelevant because although I have support and resistance on two time frames that are marked on my chart automatically (if applicable) for all the methods I use - I have so many rule-based checklist 'go or no go' parameters for each one and my own unique trade management & profit target and trail profit iterations (100% logical and again, rule based) that what I do and another trader do in the exact same session would not be the same. Even with the same software.

I would not use any software or indicators if I could visualize them on different timeframes with just my macro vision - but I can't - so I use different colors for lines, arrows and different entry types so when I am doing my chart work I associate things w/colors and patterns for repetition.

My suggestion for any trader is what I wrote in an earlier post a few months ago (for testing a method they want to make their own) that I will repeat it here:

"Yep.

With any nearly 100% rule-based methodology if you are primarily a non-discretionary intraday trader you are best to look at data sets that include

a) volatile, non-volatile, uptrending/downtrending markets
b) at least 500+ trades
c) 6+ months of valid testing w/daily & weekly results that include total trades (non b.e. trades) that give you total trades/win %/profit factor/reward to risk factor and total $$'s profit per trade

One must also decide trading hours, conservative margin per contract, if you will use a stop win/stop loss goal for day and/or week and many other factors.

99% of traders won't do this. They won't know there own interpretation of trade management so well it becomes robotic.

I've traded intraday since the late 80's and I still do all of the above w/the many intraday methods I have created for myself.

I never use live funds unless I have at least 6 months of data intraday under a variety of trading conditions. If trading conditions remain constant for many months of testing I then go out of sample and use my existing rules to see if the method is robust enough to put real money on the line.

Now, currently I am using abletrend because I am a w/trend breakout and w/trend pullback trader (my preference). However - w/any method no one uses it the same. I use it because it objectively shows me the short and long-term trend 100% visually and objectively without any input or work on my part so I can then concentrate what I am best on (creating trade management & entry techniques).

I used to do everything on my own but I just hit 50+ years old and that's too many steps involved for me now.

You must study it intraday for consistent themes that represent trading opportunities and you also must trade intraday markets at the correct times (high volume times) and trade markets that move alot of ticks (for w/trend breakout and trend pb methods).

There are no shortcuts - it's not a part-time hobby either or casual avocation. You want to risk and to make the real money - you work it like any other professional would.

I imagine myself as an engineer building a solid foundation from the ground up (whatever method I am testing/tweaking/creating) and then I 'stress' test it like a statistician going forward.

Most trader's simply don't have enough time in the market under a variety of trading conditions for their ideas to hold water consistently over time.

It is okay to make slight changes to something that is successful over time but it must be logical and something that through careful observation has a clear and logical edge and fits in with your existing setups.

Finally, you have to enjoy being uncomfortable w/risk & uncertainty. You must also be able to tolerate being wrong at least 35 to 50% if you are a non scalper. Day in, day out. Week in, week out.

Frankly, I really don't believe in being a 5 days a week intraday trader 48+ weeks per year. I'm good for about 25 weeks per year up to 35 weeks per year. I also use a stop-win goal for the week that is typically 2.75X's my modest weekly goal, so I have alot of weeks where after sometimes 2 - but more often 3 or 4 days each week I am done for the week and can turn off the charts.

I don't recommend smart guys to investigate intraday futures trading unless they are willing to risk at least 20K like it doesn't mean anything to them, and that is AFTER they have spent at least 2-3 years testing in sim with the guidelines I wrote about at the top of this post.

It's that difficult. However, if you find real edges over time - they stay that way forever in the right intraday markets.

I also do the same type of reasoning for trading daily diversified portfolios - you then really need to look at random 6 month periods of time that go back at least 10 years under a variety of conditions. It is grueling long-term work and takes much work to find the good consistent edges that stand the test of time as well.

For me, the only enjoyable aspect of trading is the unlimited profit potential without having to work with anyone else - a truly independent career."

peace...

Reply With Quote
The following user says Thank You to researcher247 for this post:
 
  #9 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL
 
Posts: 20 since Jun 2018
Thanks: 8 given, 0 received


researcher247 View Post
I last looked at his method in the summer of '16 - if you are interested in a particular setup of his (34b) - again, I suggest you watch it real time on a longer timeframe and use perhaps a higher timeframe as a filter (trend continuation if I recall).

Perhaps as I wrote watch two markets at once and don't overtrade and try to trade those markets w/n the 1st two hours of each session when they have the most volume.

My own trading methods that I trade intraday full time are as I stated (trend breakout pullbacks and pullbacks to trend) and I use two timeframes.

The 'methods' I use are irrelevant, though I use 3 slightly different approaches but they are all very similar in that they trade trend breakouts on pullbacks and pullbacks to existing trends.

The methods are irrelevant because although I have support and resistance on two time frames that are marked on my chart automatically (if applicable) for all the methods I use - I have so many rule-based checklist 'go or no go' parameters for each one and my own unique trade management & profit target and trail profit iterations (100% logical and again, rule based) that what I do and another trader do in the exact same session would not be the same. Even with the same software.

I would not use any software or indicators if I could visualize them on different timeframes with just my macro vision - but I can't - so I use different colors for lines, arrows and different entry types so when I am doing my chart work I associate things w/colors and patterns for repetition.

My suggestion for any trader is what I wrote in an earlier post a few months ago (for testing a method they want to make their own) that I will repeat it here:

"Yep.

With any nearly 100% rule-based methodology if you are primarily a non-discretionary intraday trader you are best to look at data sets that include

a) volatile, non-volatile, uptrending/downtrending markets
b) at least 500+ trades
c) 6+ months of valid testing w/daily & weekly results that include total trades (non b.e. trades) that give you total trades/win %/profit factor/reward to risk factor and total $$'s profit per trade

One must also decide trading hours, conservative margin per contract, if you will use a stop win/stop loss goal for day and/or week and many other factors.

99% of traders won't do this. They won't know there own interpretation of trade management so well it becomes robotic.

I've traded intraday since the late 80's and I still do all of the above w/the many intraday methods I have created for myself.

I never use live funds unless I have at least 6 months of data intraday under a variety of trading conditions. If trading conditions remain constant for many months of testing I then go out of sample and use my existing rules to see if the method is robust enough to put real money on the line.

Now, currently I am using abletrend because I am a w/trend breakout and w/trend pullback trader (my preference). However - w/any method no one uses it the same. I use it because it objectively shows me the short and long-term trend 100% visually and objectively without any input or work on my part so I can then concentrate what I am best on (creating trade management & entry techniques).

I used to do everything on my own but I just hit 50+ years old and that's too many steps involved for me now.

You must study it intraday for consistent themes that represent trading opportunities and you also must trade intraday markets at the correct times (high volume times) and trade markets that move alot of ticks (for w/trend breakout and trend pb methods).

There are no shortcuts - it's not a part-time hobby either or casual avocation. You want to risk and to make the real money - you work it like any other professional would.

I imagine myself as an engineer building a solid foundation from the ground up (whatever method I am testing/tweaking/creating) and then I 'stress' test it like a statistician going forward.

Most trader's simply don't have enough time in the market under a variety of trading conditions for their ideas to hold water consistently over time.

It is okay to make slight changes to something that is successful over time but it must be logical and something that through careful observation has a clear and logical edge and fits in with your existing setups.

Finally, you have to enjoy being uncomfortable w/risk & uncertainty. You must also be able to tolerate being wrong at least 35 to 50% if you are a non scalper. Day in, day out. Week in, week out.

Frankly, I really don't believe in being a 5 days a week intraday trader 48+ weeks per year. I'm good for about 25 weeks per year up to 35 weeks per year. I also use a stop-win goal for the week that is typically 2.75X's my modest weekly goal, so I have alot of weeks where after sometimes 2 - but more often 3 or 4 days each week I am done for the week and can turn off the charts.

I don't recommend smart guys to investigate intraday futures trading unless they are willing to risk at least 20K like it doesn't mean anything to them, and that is AFTER they have spent at least 2-3 years testing in sim with the guidelines I wrote about at the top of this post.

It's that difficult. However, if you find real edges over time - they stay that way forever in the right intraday markets.

I also do the same type of reasoning for trading daily diversified portfolios - you then really need to look at random 6 month periods of time that go back at least 10 years under a variety of conditions. It is grueling long-term work and takes much work to find the good consistent edges that stand the test of time as well.

For me, the only enjoyable aspect of trading is the unlimited profit potential without having to work with anyone else - a truly independent career."

peace...


thank you for the comprehensive and thoughtful perspective. I agree with your point of view that 99% of traders arenít willing to invest the time & effort to go through this rigor.

For me, I do believe Iím willing to go down this path and develop the discipline. My challenge is not having the structure, guidance and process to begin with. I work best with a structured process that I can develop into habit. But starting out with so many different choices of tools, strategies and educational options, not being clear about whatís legit or not. Itís overwhelming to go down one path only to be disappointed with it or worse be distracted by some other perceived holy grail that you donít even complete the first one.

Would you be willing to have a live conversation on this? I would sincerely value your perspective. On Skype at: kevinhpchan


Sent using the futures.io mobile app

Reply With Quote

Reply



futures io > > > Any followers of Ray Freeman / Samurai Trader out there?




Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!

July
 

AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Are there any JAPANESE TRADERS or Trading groups out there? scrooge33 Traders Hideout 4 October 1st, 2015 08:57 AM
how to make a ray style change whether a bar closes above the ray eryo The Elite Circle 3 January 27th, 2015 05:52 PM
Could Stock Market Be Dead? 'There Is No Trust Out There' Quick Summary News and Current Events 0 May 11th, 2012 02:50 PM
How to cancel any existing open orders, if there are any, hcoffin1941 NinjaTrader Programming 3 October 23rd, 2011 04:36 AM
Insider Trading: Barai, Longueuil, Freeman, Pflaum Big Mike Traders Hideout 1 February 9th, 2011 04:29 PM


All times are GMT -4. The time now is 04:15 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-07-18 in 0.09 seconds with 29 queries on phoenix