I posted a video clip to provide a better preview than what is on the site. I am not certain that I will be providing them for the remainder of the DVD's. I think I might be borderline with copyright laws here, so rather not get futures.io (formerly BMT) in trouble. Same goes for images, I will only post those that I find of interest to aid on showing the value of the product.
The second DVD continues to expand on the prior DVD subjects, they are pretty much covered and build upon, with more enphasis on the following:
- Auction Process (As depicted by MP)
- Market Structure (profile shapes, meanings, tails, etc)
- Inventory Balances & Corrections
- Value Area, Differences between Price and Value (why not to just focus on price)
- Multiple Timeframes & Reference Points (based on the trader timeframe)
- Types of Distribution based on type of day
- The Opening & The relationship to Value and Range (based on prior days value/range/etc)
- Differences between the different time frame traders
- How to determine what timeframe is in control
He stresses how one should do homework all the time, before trading, to understand the market and what information it conveyed from the prior day, week, or even month. The importance of having a good understanding of the structure, the volume and not just pay attention to price when trading. Understanding the timeframe in control is important to ones trading success.
The following 7 users say Thank You to sysot1t for this post:
Thanks for the review. That's a product i had on my radar as i have heard good commentaries but no reviews so far. Does he talk or describe some setups or does it stay theoretical only ? Could someone use this product and build a trading plan ?
it is both theory and practive using recent data from before the seminar was held.. like days before.. he does go into details of what most people call setups; meaning that based on a given structure what might be more likely to happen and the reasons why and what one should look at and consider, etc. when trading.
I think one could use the product to gain greater understanding, but as to creating a trading plan? not sure it would given it is merely providing an explanation of MP and how to go about stuyding MP...
if you are looking for a product to guide you on what is needed for a trading plan, I can suggest the following one:
In the end, I believe a trading plan is a personal thing... most people tend to think it just means that if you see A then you will do B and then enter with X number of contracts risking % of account, and reduce position size after X target is hit and move the stop to Entry and blah, blah, blah...
There are 1000's of links and articles dealing with trading plans, google it and you will see. I can post all the ppt's and PDF's I have collected online and save you some time as well if you want, just PM me your email.
The above video basically was the first one to cover one piece that was misisng for me which made me realize that a trading plan is no different than a business plan...
As I said, a very personal thing that will evolve with time.. it took me a lot of research to understand better what it was to me.
The following 2 users say Thank You to sysot1t for this post:
continues to build upon the prior knowledge, smooth continuation of content basically, please note there are no recaps, the DVD's are just broken down to fit the whole seminar.. this one continues and focuses on:
- Day timeframe control & Opening
- Market IrRationality & Predictability
- Importance of Reference Points Daily
- Must do Trades (based on known information, and current auction process)
- Day timeframe references
- Market Anomalies (Excess & Balance)
- Trade Location & Balancing Risk
- Destinations Trades based on Timeframe
It explains how when the day timeframe trader is in control, the market basically has a limited range; it also goes over the different timeframe traders impact on the markets and what the behaviour looks like. Delves into details of the correlation between performance and preparation, you cant succeed without preparation for the days trading. Homework and Preparation is important people (nothing new really).
The following 8 users say Thank You to sysot1t for this post:
continues to build upon prior knowledge as usual.. focuses on this time..
- Diffusion Model (think auction process and how it is reflected by the info at hand)
- Value Area Trends
- Volume's Importance (What new/old business communicates in context with price data)
- Preparing to Trade (process to follow)
- Emotional Aspects of Trading
- Trading Opportunities, how to frame the information available
Stresses importance of volume, not just to focus on prices all the time, and how to take volume into account when trading based on what it communicates about price.
The following 9 users say Thank You to sysot1t for this post:
Umm they are to note balance areas on a bar chart graphic. I am referring to the all the orange ones. DBphoenix did the same thing when discussing auction theory and using boxes instead of the market profile to visualize balance aka range.