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TF day trading
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TF day trading

  #611 (permalink)
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NFT method


rtrade View Post
In chart 1 I want you to observe A, B, and C. notice the where the indicator is at…the 0 line and notice where the price action is at…the mid band. I’m glad I took this particular video because you can see there’s some small whip saw at the 0 line and midband…welcome to trading…nothing is always perfect.

Now I want you to observe D, when the indicator breaks above the 0 line…what is the tendencies of the price action? Sorry, not rhetorical, but I’ll answer…it goes to the upper band. AHHAAA. I bet if you reveled the chart for chart E or 233?, the price action is at the midband. And the same with chart F. But the beauty of chart G…it’s heading to it’s midband…meaning…CHA-CHING Baby!!! And I bet the second chart I’ve included, the ending session of your video, you can verify it as well.

Becky, I see and appreciate your trading method. ProtraderEd.com uses it and even automates the trade when the midband is crossed. NFT, however, advocates trading at the edge. So, in the diagram you would go long between B and C, at the point almost touching the 0 Fib. (There is a head and shoulders pattern also). The MACDBBline indicators support that trade. Mostly, however, you would look for pivots at the 76 and 23 Fibs. BTW, NFT no longer uses bands with the tape, just Bollinger bands within the MACDBBline indicators.

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  #612 (permalink)
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HighRise1202 View Post
Becky, I see and appreciate your trading method. ProtraderEd.com uses it and even automates the trade when the midband is crossed. NFT, however, advocates trading at the edge. So, in the diagram you would go long between B and C, at the point almost touching the 0 Fib. (There is a head and shoulders pattern also). The MACDBBline indicators support that trade. Mostly, however, you would look for pivots at the 76 and 23 Fibs. BTW, NFT no longer uses bands with the tape, just Bollinger bands within the MACDBBline indicators.

Thanks for answering, I missed this entry I guess. I will review it now and see what @rtrade is saying.

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  #613 (permalink)
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rtrade View Post
Hi blue, Ok, I will be brutally honest with my opinion with what I observe regarding your trading system. You have to realize the person that sold you this course, the author, and I say this mildly, is just a “Sales and Market-eer.”

Also, Horst’s past trading experience is different from your past trading experience. So there was something in this trading system that was the missing puzzle that accelerated Horst’s trading to a new level. Unfortunately, this is not the case for you. Your perception of this system is different from others because of your past trading experience…which is common to most traders regarding courses/systems.

This system you’re using, I can sum up in one word, or one name…Fibonacci. Yup, that’s the premise of this system. Fibonacci that has been wrapped around by re-created indicators and varying multiple charts representing frames of time. This is nothing new, google Fibonacci systems and you’ll see a plethora of “Sales and Market-eers” similar to yours…no real new creation but just a re-hash of clever creativity.

You see blue, I really didn’t have an interest reading your journal until the Horst drama, and by the way, I have no issues with the guy. But I became interested in your journal because I got annoyed when I listened to NFT’s introduction video.

There is a certain madness to why I’m framing this post the way I’m doing. And you’re going to have to think outside this system that you were conned into buying – oops – I meant the system you were sold. Yes, you can tell what I think of this system, but it’s not what I think – IT’S WHAT YOU THINK. And if you BELIEVE you can make it work than you can. So I will be as SIMPLE as possible to assist you in looking at this system at a different angle.

First, this is yours…you owe nothing to the author of this system. Let me be frank, he took your money and he’s NO WHERE to help you. All you have is the futures.io (formerly BMT) community. (ya, we may rant and rave about politics and religion, but when it comes to trading we’re serious about helping each other by keeping it real).
Second, you need to really, I mean really, understand how to “effectively” use Fibonacci. There’s a fairly new post by Jettrader that has reference of Fibonacci Masters. I say this because these Master’s are proven in their respected field and all you see in their charts are Fibs and ONLY Fibs. Yes, I see you using pivot points, but many times you miss using the “significant” pivot points in determining the retracements.

Third, you need to understand how bands work. I’m sure you heard the saying “band to band.” Well, I know you’re aware that sometimes it doesn’t work like that …sometimes it goes “band to…and wedges it out and then some.” Which leads to the final step one that you can observe yourself…

Forth, you have a series of indicators which basically represents time and weight…I simple would use the word SCALE. You have to be aware that at a certain time respective to each of the chart, the price action will move accordingly to that specific time and the amount of movement of the price action will be proportion to the charts weight.

I know this is where I might be losing you so I’ll be a simple as possible with this KEY observation. I mentioned Band to Band earlier but before it can accomplish that it has to…pass the mid-band. This is the KEY OBSERVATION I want you to get of all the steps!!! I notice you have a main chart that you use and you cover up all the other “weighted” charts and only show the indicators. Now, I want you to NOTICE on your main chart, when your indicator on the bottom of the chart reaches the 0 line, where is the price action in respect to the bands? Sorry it’s not a rhetorical question but I’ll answer it…the price action is at the MID BAND of the Band!!! You should be getting an AHHAAAA. If not let me continue with a visual example:

I took the liberty of using YOUR own charts no recreation. Also I did NOT cherry pick the chart like how most charlatan traders do for their presentation . I’m too lazy to look through all of your videos . I just chose the recent video and guess what…my observation is right

In chart 1 I want you to observe A, B, and C. notice the where the indicator is at…the 0 line and notice where the price action is at…the mid band. I’m glad I took this particular video because you can see there’s some small whip saw at the 0 line and midband…welcome to trading…nothing is always perfect.

Now I want you to observe D, when the indicator breaks above the 0 line…what is the tendencies of the price action? Sorry, not rhetorical, but I’ll answer…it goes to the upper band. AHHAAA. I bet if you reveled the chart for chart E or 233?, the price action is at the midband. And the same with chart F. But the beauty of chart G…it’s heading to it’s midband…meaning…CHA-CHING Baby!!! And I bet the second chart I’ve included, the ending session of your video, you can verify it as well.

Now blue, I’m NOT going to tell you how to trade…THAT’S YOUR JOB!!! But if you incorporate the Effective use of Fibonacci, the study of Band to Band trading, and the Time and Weight of this Observation, SCALE…your trading skills will be more deadly than a Navy Seal . Trust me, what I’m sharing with you is worth more than 10k .

But on the other hand, if you’re unable to see what I’m saying and reveling and disagree, then I it’s OK too. Godspeed on your trading journey!

Hey, thanks for the information. You are the 2nd person to recommend something similar to me!

My premise on that trade was that it was a continuation and normally I would not take it, but another person who posted kind of got me a little 'excited' about continuation trades and I felt it could go that direction and "I didn't want to miss it!" which is the kiss of death.

I do understand what you are saying and like HighRise had mentioned, it is not the same system but quite different.

It is never a bad thing to pay for education if it bypasses a lot of jargon, so I disagree that my 7K is gone or 'worthless' per se. I am grateful for the opportunity to learn from anyone if I can open up my hard head for long enough and I tend to only do so when I pay for it. I think that is a human psychology effect.

I think the system you mention would require a different trading style and maybe one more suited to you or other traders and even maybe myself, I don't know.

I am very interested in learning Fib's a bit better and I agree that this system is heavy on Fibs. I can tell you that I BELIEVE Horst is legit and unless he deserves an Academy award that there is no way in h*ll he is faking his trading. He may hide the occasional bad day, but nothing significant and enough to worry about. I guess Academy awards aren't what they used to be..

Seriously thanks for the input and I will reflect on it some more and for the effort, but it is definitely different then the method I currently trade.

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  #614 (permalink)
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@rtrade

Where is the thread on Fib masters?

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  #615 (permalink)
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bluemele View Post
@rtrade
Where is the thread on Fib masters?

Hey Blue, I don’t really PM because there’s a tendency to become clich-ish or a way to start talking behind someone’s back. But I knew if I made this public there would be shills jumping in…and the last thing I want is to disrespect your journal.

As I said earlier in the post, I have no issue with Horst. All I’m saying is something in this course clicked with him but not with you. Once again, it’s based on individuals past trading experience transitioning to a new trading concept.

What I suggested is based on my own personal observation of watching your video day after day…Yes, you said you wanted to make this YOUR OWN…that would mean you have to think independently towards this system…And NOT like a mindless ZOMBIE…Hen, said this, or Hen said that…that’s B.S.

By the way, who is HighRise1202? Who is Becky? Who is ProtraderED? After going to this blog, I would recommend to STAY AWAY from him…please. And 76 fibs and 23 fibs?!!! WTF…No body uses a 23 fib! Did you know how to get the 23 fib…it’s based on slight of hand? Ya, you should watch how they do it…you move the initial pivot to the next higher low or lower high…because if you don’t do that you would most likely get a 382, A HARMONIC NUMBER. The funny thing is that you don’t do that when you call out the 23 fib…hmm, did they forget to tell you that B.S. trick?

There’s only 1 and only 1 vendor here in futures.io (formerly BMT) that I can, based on my personal opinion, recommend. And I don’t know him personally, or do I have any affiliation what so ever with him.

But apart from that the post that was recently started regarding Fibs with great resources is HERE.

You see Blue, I just can’t stand to see people like you chasing your tail and getting nowhere. Yes, in all experiences we learn something…but there comes a time when you have to change your approach or change completely when things are just not working out…just my 2 cents.

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #616 (permalink)
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rtrade View Post
You see Blue, I just can’t stand to see people like you chasing your tail and getting nowhere. Yes, in all experiences we learn something…but there comes a time when you have to change your approach or change completely when things are just not working out…just my 2 cents.

@rtrade,

Thanks for the input. I think Highrise was just trying to help out some since I didn't respond. And, I have actually taken trades at the 23% on the VERY LONG TERM, but not sure if that is what was meant.

Per your comment below, I disagree with you in that I am not improving. I have gone in waves and I have gotten worse, and gotten better. I just had about 10 days straight of almost wins every day! I had one bad week and I went back to watching the market like I think most traders would do. I will take a look at the post, but I just want to point out that profitable trading takes a while for most people. You can fault the system all you want, but I disagree that the system is at fault and it is me mostly with my baggage and refusal to trade what I see instead of forcing it down the throat.

I look back from a year ago and I am 10 times the trader I was even though I could be profitable. I don't know why that is, but I can tell instantly from watching the old videos.

I like you am bothered by vendors who take the money and run, but I believe in my heart that Henry (NFT) also believes that he teaches something of value other then click when you see this.

It is easy to be critical in my opinion of which I am all to often.

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  #617 (permalink)
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bluemele View Post
@rtrade,

Thanks for the input. I think Highrise was just trying to help out some since I didn't respond. And, I have actually taken trades at the 23% on the VERY LONG TERM, but not sure if that is what was meant.

Per your comment below, I disagree with you in that I am not improving. I have gone in waves and I have gotten worse, and gotten better. I just had about 10 days straight of almost wins every day! I had one bad week and I went back to watching the market like I think most traders would do. I will take a look at the post, but I just want to point out that profitable trading takes a while for most people. You can fault the system all you want, but I disagree that the system is at fault and it is me mostly with my baggage and refusal to trade what I see instead of forcing it down the throat.

I look back from a year ago and I am 10 times the trader I was even though I could be profitable. I don't know why that is, but I can tell instantly from watching the old videos.

I like you am bothered by vendors who take the money and run, but I believe in my heart that Henry (NFT) also believes that he teaches something of value other then click when you see this.

It is easy to be critical in my opinion of which I am all to often.

Hey Blue, Ok, I see...then please accept my apology for imposing my views in a business that didn't concern me. I wish you well and good luck.

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #618 (permalink)
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-1.4 points today per contract

Ok, how does one completely revert to their bad habits so quickly. Just watch my video and you will see.

Per @rtrade, no worries, everyone has a view and no need to apologize and what you said is always good and I find the fib's you mentioned interesting.

Today I just couldn't wait to click. I told myself that I wasn't that click-happy, but I took mediocre and worse trades that were just plain saying NOT YET!!!!

I traded more than 3 times today and I told myself I would be OK with that so I am not upset about that. Tomorrow I will not be over-trading and I will wait patiently. It almost doesn't get any worse today for me than today.

I saw a nice short coming as it seems to be heading down to the 50% retracement from many many weeks ago so we have some distance to travel down.

What was going through my head was this: "If it is with the trend, the setups are not as clear, so be OK with taking a "B" setup."

That sums it up. This isn't what was taught to me, but just poor trading.

Days like this I think most people wouldn't put up a video.

Video
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  #619 (permalink)
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-1.4 points today per contract

The amazing thing about today:

1. Take only 3 trades. I stopped, but I had to walk away.

2. Focus on the longer time frames. I didn't have time, since I blew 3 trades within seconds it seems.

3. Pay attention to the 440 chart and Major areas. The 440 was not saying go short and was saying it was unclear.

Ouch. I enjoyed watching today as it was quite clear it was "ONE OF THOSE DAYS"!

This is the type of day that used to just kill my account. I think I understand it now! Watching today was very clear even though I sped it up as I have to get to work a bit early today.

The 440 had separation from below while the longer terms had massive separation from above = bull flags. Looking back at the video in the short time I traded that I do not think I could have done any better with my rules except maybe stayed out of the 2nd trade.

It was giving lots of entries on pullbacks but I had already given up my trades. I could have had a BE+1 on that last trade considering the separation on the 440 but I was 'hoping'.

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  #620 (permalink)
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-1.6 points today per contract


Ouch, double ouch.

Obvious what is wrong with the trading today. I am just grateful to hve the opportunity to practice.

Took 5 trades and thought it was a short day (which it ended up being) but held up quite nicely during the first 45 minutes.

I am frustrated as I know I could have hit a few of those nice trades and I chose to stay out. I saw the nice long, but I didn't have the fib on the right area.

If I only took trades at the deep pullback and outside the 1597 keltner I would be so much more profitable!

Could that long at the opening have been any more clear?


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