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trading hundreds of contract everyday? Real or no Real?


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trading hundreds of contract everyday? Real or no Real?

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  #11 (permalink)
JoeMich
california los angeles
 
 
Posts: 21 since Jan 2016
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traderwerks View Post
I don't watch much, but I have seen him down a lot before he cuts the trade. He also trades smaller most of the time, but I think the recent volatility has helped. Besides, he doesn't charge anything, just hand out.

yes, he doesn't sell anything. But he will get paid from all those Ads on this website. The more people visit, the more he get paid.


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  #12 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
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Posts: 430 since Jun 2015
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JoeMich View Post
yes, he doesn't sell anything. But he will get paid from all those Ads on this website. The more people visit, the more he get paid.

Using data from: Tradeitdontdateit.com Analytics - See Traffic Ranking & Stats

and cost per impression data from: https://www.quora.com/How-much-money-can-I-make-with-1000-visitors-per-day-using-Google-AdSense

I estimate that Lak's website made $4 in all of December 2015.

Lol, you have to understand, the website is just a collection of interesting videos/documentaries and a few of his trading videos. I believe he was intending to make it a journal like thing, but eventually said screw it. The last update was Oct 2014!

His youtube videos are a gold mine of how to trade price action.

Less worrying/doubting, more studying!

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  #13 (permalink)
JoeMich
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received



TheTradeSlinger View Post
Using data from: Tradeitdontdateit.com Analytics - See Traffic Ranking & Stats

and cost per impression data from: https://www.quora.com/How-much-money-can-I-make-with-1000-visitors-per-day-using-Google-AdSense

I estimate that Lak's website made $4 in all of December 2015.

Lol, you have to understand, the website is just a collection of interesting videos/documentaries and a few of his trading videos. I believe he was intending to make it a journal like thing, but eventually said screw it. The last update was Oct 2014!

His youtube videos are a gold mine of how to trade price action.

Less worrying/doubting, more studying!

his videos are interesting. Specially on the earlier ones always in the market trading for ticks. Does he use Time and Sales and watching order flow to make decision? What do you think?

 
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  #14 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
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Posts: 430 since Jun 2015
Thanks: 714 given, 590 received


JoeMich View Post
his videos are interesting. Specially on the earlier ones always in the market trading for ticks. Does he use Time and Sales and watching order flow to make decision? What do you think?

No time and sales usage.

Order flow sorta yes, in terms of how the chart develops.

Watching the chart for momentum, levels, and price action is literally all there is to it.

Buy support, sell resistance.

Notice how in the older videos there are indicators and over time the charts dwindle down to just price action?

Everything is in the chart.

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  #15 (permalink)
JoeMich
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
No time and sales usage.

Order flow sorta yes, in terms of how the chart develops.

Watching the chart for momentum, levels, and price action is literally all there is to it.

Buy support, sell resistance.

Notice how in the older videos there are indicators and over time the charts dwindle down to just price action?

Everything is in the chart.

So basically no tape reading required? interesting how he scalp only with support and resistance.

 
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  #16 (permalink)
 TheTradeSlinger 
Huntington WV
 
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Trading: ES, CL
 
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Posts: 430 since Jun 2015
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JoeMich View Post
So basically no tape reading required? interesting how he scalp only with support and resistance.

Well what do you consider to be tape reading?

I can watch a chart and see if price is failing at a level visually, how it develops, pace, momentum, etc.

Is that tape reading? I don't know, maybe?

If you are referring to watching the DOM tick up and down and how the resting orders numbers change, then absolutely no.

To me, it's all in the charts.

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  #17 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
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Trading: ES, CL
 
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Posts: 430 since Jun 2015
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JoeMich View Post
interesting how he scalp only with support and resistance.

That's literally the only way to do it.

It's comical to see all these new "order flow" tools such as Jigsaw and others.

Think about it, did successful traders make money before all that crap came out?

The answer is yes.

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  #18 (permalink)
JoeMich
california los angeles
 
 
Posts: 21 since Jan 2016
Thanks: 4 given, 8 received


TheTradeSlinger View Post
Well what do you consider to be tape reading?

I can watch a chart and see if price is failing at a level visually, how it develops, pace, momentum, etc.

Is that tape reading? I don't know, maybe?

If you are referring to watching the DOM tick up and down and how the resting orders numbers change, then absolutely no.

To me, it's all in the charts.

I am talking about reading large block of trade getting hit on bid or ask to determine to short momentum. For me, I don't watch the dom or times and sale. just wondering if this is how he find his entry.

 
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  #19 (permalink)
 TheTradeSlinger 
Huntington WV
 
Experience: Advanced
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Trading: ES, CL
 
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Posts: 430 since Jun 2015
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JoeMich View Post
I am talking about reading large block of trade getting hit on bid or ask to determine to short momentum. just wondering if this is how he find his entry.

100% not what he is looking for.

Levels, price action, momentum, s/r.

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  #20 (permalink)
 Blash 
Chicago, IL
 
Experience: None
Platform: NT8,NT7,TWS
Broker: InteractiveBrokers, S5T, IQFeed
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
 
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Posts: 2,288 since Nov 2011
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TheTradeSlinger View Post
That's literally the only way to do it.



It's comical to see all these new "order flow" tools such as Jigsaw and others.



Think about it, did successful traders make money before all that crap came out?



The answer is yes.


How ever many traders there are is how many ways there are to trade. It's just a business. Does McDonalds "trade" the same way Five Guys does? Both are in the same game yet vastly different and both a success. One has frozen stuff they call meat in the correct shape to resemble a burger the other hand forms the burger from fresh 100% beef. One has boxes and boxes of real potatoes out in the restaurant, with you as their storage, they use to make the fresh hand cut fries. The other has these frozen things they cook up that never change with age, 6 months later when you find one in your vehicle it's not moldy, it basically looks the exact same as day one. Two businesses could not be more different yet the same and successful.
The top echelon automobiles years ago had the keyless entry/remote start on the key chain but now most if not all vehicles have keyless entry hanging there next to the "key". These things trickle down. The big boys in trading had these type of tools (for example Jigsaw like) years before they were available to anyone. They had them coded just for themselves or could afford outrageously expensive tools others could not. Top echelon traders still have many ways to enter/exit the market with algorithms available from their elite brokerage houses that you can't be part of unless you have a few million to open an account with.
Having stochastic, RSI or stochasticRSI...lol... On my charts years ago ....you can "still see" what it is/was doing now because you get to know it so well you don't need it any more. It served its purpose.
Just little me IMHO.....lol

Ron


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