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No BS Day Trading www.nobsdaytrading.com

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  #71 (permalink)
Europe
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Stage5, OEC
Trading: Treasuries
 
arnie's Avatar
 
Posts: 821 since May 2010
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I think we should separate things here.

If John was selling with the webinars a trading system and during those webinars his trading was poorly executed, well, for sure that would be problematic because the first thing in mind would be his system probably was not a good one.

What John is teaching is a method, how to read a DOM and based on that reading execute trades.
Personally I couldn't care less if he's profitable on his trading or not.

For those interested in learning how to read a DOM, volume profile, the $1300 or whatever he now charges are well worth it.
If you trade exactly like him, without charts, or you prefer to have a chart side by side with your DOM is up to you. Whatever makes you better prepared to trade.

And by the way, if he's making $52k a year just by running webinars, good for him.
His work allow us traders to continue to improve our skills.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #72 (permalink)
Calgary, AB
 
Experience: Intermediate
Platform: NT, IB, TOS, MC
Broker: IB, Rithmic
Trading: CL, ES, GC, ZS, ZB
 
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Posts: 116 since Mar 2010
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matthew28 View Post
@bobajob
Agree with you. I did one of his webinars last year and although his trading wasn't great, I can't remember whether it was profitable or not, his analysis was very informative. Sometimes it felt like he felt obliged to take trades he wouldn't normally do just to be trading live as we were all there. I think all the pre-webinar information and videos he provides of trades are especially good, and rare that he includes bad trades too, like his 'Run over by a Train' video where he tries to buy the low a few times and doesn't do well. Basically he says how what he did was really stupid and goes through what he should have seen to stop him trying to buy at each level and comments that being successful at trading doesn't mean that you will never make dumb trades again. He struck me as honest, knowledgeable and sincere.

Usually one can learn more from others/own mistakes than success... If someone want to watch only "success" go google trading systems for sale... I did not do stats but probably 9x% of system sellers would show you that. ex. how you make 3 ticks "all the time" on 12 ES contracts risking 6 ticks...
I did buy NoBS basic stuff and did learn some new things however trading the way John is trading is not my style... watching paint dry most of the time is not my cup of cake...

How much someone is making with anything they do until they do an honest job and disclose relevant info up front shall not matter. At the end of the day you learn what you can and you either use it or not as you please. Screen time is the name of the game... nothing else matters.

Hope this helps someone!

atata

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  #73 (permalink)
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 313 since May 2011
Thanks: 69 given, 507 received


John Grady's course is one of the most challenging things I've ever tried to do in trading. It took me at least three times going over the videos plus consulting with traders in our group who understand it to finally get a handle on it. I would drop it for a while and then go back to it simply out of frustration because I didn't understand what he was doing.

I use a footprint chart, market profile and one DOM rather than all the DOMs like he does. After I finally saw the power of what he was doing, I started trading the bonds which I really like. I have my own way of using the order flow for trade setups but I never would have been exposed to the bonds and this method without his course.

It was certainly worth the time and effort - even though I was a very slow learner! Highly recommended.

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  #74 (permalink)
Georgetown, TX/USA
 
Experience: Intermediate
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Emini ES, Crude CL
 
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Posts: 6 since Jul 2015
Thanks: 13 given, 1 received

I signed up for John's live course in September of this year, went through the pre-webinar videos at least once and in some cases, twice. I attended all live days except 2 when I was out of town.

After the live course I knew that I had just seen something very valuable but it was very hard for me to comprehend as I had always been used to trading off charts.

In the last 2.5 months I have been re-watching everything and of course live trading everyday on the DOM. Every day I see something that makes sense to me that didn't when I saw it before and of course I have had my successes and a couple of spectacular failures (I learn the most from them).

I believe this is the type of course that I will use for at least a year to learn from and maybe more. I might repeat it again next fall.

I am fairly new to trading (about 1.5 years) although I have invested in mostly stocks for over 20 years. I am now doing treasury futures and I am starting to get my confidence.

I think this course is very worth while and well worth the cost. But unless you know a whole lot more than I did, you had better be ready to work and work more to be successful.

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  #75 (permalink)
Leeds UK
 
Experience: Intermediate
Platform: FXTrade
Broker: Interactive Brokers, CapitalSpreads, Oanda
Trading: GBP/USD
 
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arnie View Post
Personally I couldn't care less if he's profitable on his trading or not.

I'm surprised, Arnie.

If someone's selling me a service designed to facilitate my trading profitably, whether he's trading profitably himself would be one of the first things I'd want to know.

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  #76 (permalink)
Europe
 
Experience: Advanced
Platform: Multicharts, Jigsaw
Broker: Stage5, OEC
Trading: Treasuries
 
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Tymbeline View Post
I'm surprised, Arnie.

If someone's selling me a service designed to facilitate my trading profitably, whether he's trading profitably himself would be one of the first things I'd want to know.

No!
John is not selling me a trading system, he's selling me a method on how to read the DOM.
He's not teaching me to buy or short every time I see a XYZ pattern in the DOM. No! He's teaching me how volume is trading, what is look like spoofs, what is not, concepts like adding, pulling, things that most chart traders have no idea of.

If he was teaching me specific patterns where I would trigger trades, sure, I would agree with you, I want to see if he's profitable because that would certify the validity of his teachings, the trading patterns. But that is not the case.

YOU do your own reading. The context of the day is given by YOU. Based on that context YOU read what the market is doing and YOU decide if is a low risk trade or not.

Like many said already, there was a lot of trades during the course where John didn't execute. He thought about it, talked about it, showed a lot uncertainty in taking the trade, but at the end, even not taking the trade, his reading was correct. The market did exactly what he was talking about.

In the end I'm just saying that despite overall trades during the course were not amazingly profitable or even negative, which might give a sense of disappointment to many of the participants, his reading was always right on.

But that is how I see things. Other people see things differently.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #77 (permalink)
Leeds UK
 
Experience: Intermediate
Platform: FXTrade
Broker: Interactive Brokers, CapitalSpreads, Oanda
Trading: GBP/USD
 
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arnie View Post
No!
John is not selling me a trading system

I didn't say he was selling a trading system, Arnie: I said "selling me a service designed to facilitate my trading profitably".


arnie View Post
Other people see things differently.

Indeed. And personally, if someone's selling me a service designed to facilitate my trading profitably, whether he's trading profitably himself would be one of the first things I'd want to know.

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  #78 (permalink)
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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Posts: 313 since May 2011
Thanks: 69 given, 507 received

I took the beginner and intermediate courses and recently finished the two week live sessions. John teaches how the real market works and how to trade it successfully. There are no mathematically redundant oscillators, moving averages or other indicators. All you need is the Jigsaw platform which was a revelation in and of itself for me.

The course is well constructed and logical in its approach. Like any other profession, it requires study, review and a lot of screen time. I did some of the videos two and three times and used market replay in Ninja to review what I was learning. It really didn't start to sink in until I did a lot of hours on replay.

Beyond learning John's scalping techniques, understanding order flow helps me make better entries with my own algos and setups. That said, I'm already dumping some of my own setups and focusing on scalping.

The two week live session was outstanding - his explanations as to how order flow worked and how to recognize the trade setups were very clear. Most important, he trains his students to understand risk and how to manage a trade.

John has a wealth of personal experience to share as well. I plan to do the live session again in October.

Highly recommended for anyone who can devote the time and effort.

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  #79 (permalink)
KNOXVILLE TN.
 
Experience: Advanced
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym
 
Posts: 561 since Mar 2012
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i took his first payed course 69.00 .. i did not get much out of it. you would need x-trader are the jigsaw dome. i use volume foot print charts. unless you have hundreds of hours to put into reading order flow on advanced domes and other aids like book map.. i would use volume foot print charts. the learning curve on reading order flow is far less. just my 2 cents

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  #80 (permalink)
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
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Posts: 144 since Mar 2015
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I've been interested in learning OF for quite some time now and it seems like the beginner course would be a good place to start. I've only ever looked at charts (of course technicals) and have recently ditched all indicators to focus more on price action and formation.

I read through this entire thread and found it quite an interesting read.

Thanks to everyone who gave feedback here from both sides, in particular the posts by

@phantomtrader
@arnie
@atata
@alejo
@TheDude
@gloricle

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