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www.oiltradinggroup.com aka tradewithotg.com Trade With OTG (Jason Love)


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www.oiltradinggroup.com aka tradewithotg.com Trade With OTG (Jason Love)

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  #31 (permalink)
 lastmango 
North Palm Beach, FL
 
Experience: Beginner
Platform: Sierra
Broker: AMP-CQG
Trading: CL ES NQ
 
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Posts: 20 since Apr 2015
Thanks: 15 given, 12 received


cshrum View Post
Has anyone been able to replicate these indicators?

I found the OTG via Google search and watched some of his videos. I then joined the OTG for two free days recently because I was interested in his "market maker levels" and how those were used during live trading. I saw him take losses both days while I was trading on sim and was up 750 on day 1 and 800+ on day 2. For the record, I do a hell of a lot better on sim than live!

I was drawn to the room specifically because of the way he named the indicators as "market maker levels." More on that in a moment.

In reality, the indicators are custom pivot points. I was not impressed with the indicators as they were represented in the live room. He would trade near the level, not at it, and the lack of precision simply baffled me.

I have nothing against trading 3 contracts for 5 ticks, as long as you can do it repeatedly at rotations. I didn't see him use the levels effectively. But he sure does love to talk!

You may be able to replicate them yourself using a pivot point formula adjusted for ADR 10 and 20, which I believe he uses. Then, adjust this for the opening range and again for pit close. I think he uses one other time during RTH. Good luck!

I spent some time trying to reverse engineer his indicators and they came very close (but a few ticks off) to my own version of market maker levels. I use the spec initial margin for a futures contract, converted into ticks to provide the max range, then divided into sub-ranges that can be easily mapped on a chart.

For now, I'll stick with my own pivots as I know they work better than whatever formula he's using.

Best,
LM

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  #32 (permalink)
 cshrum 
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 100 since Nov 2012
Thanks: 82 given, 22 received


lastmango View Post
I found the OTG via Google search and watched some of his videos. I then joined the OTG for two free days recently because I was interested in his "market maker levels" and how those were used during live trading. I saw him take losses both days while I was trading on sim and was up 750 on day 1 and 800+ on day 2. For the record, I do a hell of a lot better on sim than live!

I was drawn to the room specifically because of the way he named the indicators as "market maker levels." More on that in a moment.

In reality, the indicators are custom pivot points. I was not impressed with the indicators as they were represented in the live room. He would trade near the level, not at it, and the lack of precision simply baffled me.

I have nothing against trading 3 contracts for 5 ticks, as long as you can do it repeatedly at rotations. I didn't see him use the levels effectively. But he sure does love to talk!

You may be able to replicate them yourself using a pivot point formula adjusted for ADR 10 and 20, which I believe he uses. Then, adjust this for the opening range and again for pit close. I think he uses one other time during RTH. Good luck!

I spent some time trying to reverse engineer his indicators and they came very close (but a few ticks off) to my own version of market maker levels. I use the spec initial margin for a futures contract, converted into ticks to provide the max range, then divided into sub-ranges that can be easily mapped on a chart.

For now, I'll stick with my own pivots as I know they work better than whatever formula he's using.

Best,
LM

Would you share some of your levels for crude today... You don't have to give out the formula.. Just curious as to their values... Will you become a member there?

Sent using the futures.io mobile app

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  #33 (permalink)
 lastmango 
North Palm Beach, FL
 
Experience: Beginner
Platform: Sierra
Broker: AMP-CQG
Trading: CL ES NQ
 
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Posts: 20 since Apr 2015
Thanks: 15 given, 12 received



cshrum View Post
Would you share some of your levels for crude today... You don't have to give out the formula.. Just curious as to their values... Will you become a member there?

Sent using the futures.io mobile app

Will I become a member there? Ahh, no. I do not feel OTG is providing a valuable service.

My levels are a work in progress. Some days I nail it, other days I'm a few ticks off. When they are dialed in I can trade with high confidence.

Let's see if I can post an image... here's an example from a few days ago: https://www.tradingview.com/x/3Kng9m2i/

Here's a current one where I'm adding a secondary set. Unfortunately this becomes cluttered.


Edited to add this "after" image that shows how the levels held overnight (because anybody could draw levels on a past chart):

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  #34 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Platform: Tradovate
Trading: US Equity Index Futures
 
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lastmango View Post
I was drawn to the room specifically because of the way he named the indicators as "market maker levels."

As you found, I bet they are called "Market Maker Levels" because it sounds "Pro" and is more likely to attract newbies looking for the 'secret information' and chart settings that the successful traders all use. Having pivot levels on his chart similar to all the other slightly different formula pivot levels doesn't sound quite so much like you're getting the winning inside information/Holy Grail.

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  #35 (permalink)
 jmh13 
Belize SA
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 127 received

Was in the room a few times and they are high pressure and if you don't commit they lock you out really fast.

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  #36 (permalink)
 cshrum 
nashville, tn
 
Experience: Intermediate
Platform: Ninja 8
Trading: es
 
Posts: 100 since Nov 2012
Thanks: 82 given, 22 received


lastmango View Post
Will I become a member there? Ahh, no. I do not feel OTG is providing a valuable service.

My levels are a work in progress. Some days I nail it, other days I'm a few ticks off. When they are dialed in I can trade with high confidence.

Let's see if I can post an image... here's an example from a few days ago: https://www.tradingview.com/x/3Kng9m2i/

Here's a current one where I'm adding a secondary set. Unfortunately this becomes cluttered.


Edited to add this "after" image that shows how the levels held overnight (because anybody could draw levels on a past chart):

Are you using volume profile to define levels?

Sent using the futures.io mobile app

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  #37 (permalink)
 lastmango 
North Palm Beach, FL
 
Experience: Beginner
Platform: Sierra
Broker: AMP-CQG
Trading: CL ES NQ
 
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Posts: 20 since Apr 2015
Thanks: 15 given, 12 received

VP is part of the analysis.

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  #38 (permalink)
 Klausi 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: Zen-Fire
Trading: CL,GC,6E
 
Posts: 54 since Jan 2010
Thanks: 46 given, 29 received


jmh13 View Post
Was in the room a few times and they are high pressure and if you don't commit they lock you out really fast.

Don't waste your time with them

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  #39 (permalink)
 PilotTrader 
New Brunswick NJ/USA
 
Experience: Intermediate
Platform: NT7, NT8
Trading: NQ, CL, GC, NG, HG
 
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Posts: 156 since Aug 2014
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Klausi View Post
Don't waste your time with them

I concur.

Watch Dr. Dean's latest video on Jason and his room, for what it's worth:



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  #40 (permalink)
 deanza 
White River South Africa
 
Experience: Beginner
Platform: NinjaTrader
Trading: Forex
 
Posts: 4 since Jul 2013
Thanks: 1 given, 0 received


While I agree his trading is extremely erratic and impossible to replicate , I have to question this Dr Handley's reviews as well. He also seems to be just another person selling his own story. Who are the top 10 trading rooms that claims to have identified ? Are they all associates of his ?

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