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@JimB17 I think as a former market maker himself, he can spot market making activities easily. That's why he confidently saying he's aiming for 70% success rate and no more than 2 ticks loss. If this market making technique is what i'm thinking, yes for sure can't lose than 2 or 3 ticks at most. But I have a feeling it also comes with a bias which direction the price will go because as @geth03 mentioned, market maker has it's own privilages, get a rebate even for BE. Remember one of market maker's job is to provide liquidity, don't care where the price will go, just care about making a market??? So how does it leave us retail traders? For sure you will go broke if you keep paying those fees per trade on BE trades, the only answer i can come up for now is you need to spot where the game is being played and still need a bias which direction it will go.
I never actually asked for any kind of statements from him because i feel he's very different from other self claimed trading gurus. You can spot this kind of scam already on their website promising you the world. 1st he charge pretty high but I never have the feeling he's trying to advertise his course, if he did i think it's not agressive at all. 2nd Bob or whomever taken his course never really given bad review, which can be assumed either they are now successful OR they are just feel embarrassed because they are still not making money OR they signed somekind of aggreement not to disclosed anything about what it is and things like that OR ....fill in the blank. You can see even on OFA website, his course is the most expensive one than the others.
As a quick followup I appear to be under a misimpression the Bob person took multiple courses from Mr. Norden. Although he has taken multiple courses, Mr. Norden said he only teaches the one course which I believe is $3750. On one website thought there were numerous other courses mentioned but I could have been incorrect.
Mr. Norden also contacted me to clarify this and also stated that his (successful) clients he advises it is "not in their interest to tell people". If they have an edge from his teaching why tell others. Hence a possible reason why there are no statements regarding his teachings.
I did not mean to mis-represent anything originally nor now. However I was under the impression multiple courses were offered and suggested by Mr. Norden and this is what the Bob guy had taken.
So still no idea exactly who is suited for this training or what it directs people toward or how applicable it is to anyone's personal trading nature. However there apparently is just the one course not multiple ones.
I don't believe my commission structure would let me profit from single tick scalping however, hence without any further clarity there is little reason for me personally to move forward with this path personally.
exactly. i trade my own account when eurex opens and trade at the prop firm the US session. i pay around 3€ per RT with my broker and nearly nothing at the prop firm. it makes it really hard even to scratch a trade bc you want at least get one tick to cover the comission. Eg i see a good setup, i enter with market bc i think i wouldnt get a fill with limit order. however the market goes 1 tick against me. when i exit the trade bc i think again i would not get a fill with the limit order i exit with a market order, that makes 3 tick loss + commission.
what i mean by this is retail trader scalping sucks a little bit. for one tick loss you need 2 tick winner to have little more than BE.
I've been interested in his teachings for a long time. I watched all his videos and then read his book maybe 2 years ago?
I tried to piece together what he actually teachers from the limited information that is available, I've also contacted him twice. I have no doubt that he is legit and he is vouched for by some high trust individuals.
I always wonder what does he mean by 'value' when it comes to his market maker strategy, how exactly do you find bad orders and exploit retail traders-- Where can we generally find info about manual market making?
Maybe in a year I will pony up the $3700 just to see him. Right now when I'm trading ONLY off the DOM, I'm just a momentum rider. It also seems like his techniques would work best on slower markets but those seem to be the most exploited by algos?
So when it comes to trading the DOM it seems like the most afffordable choices are Axia, Futex and NoBS. My but is that Gary seems to teach something more nuanced and worth learning than the others.
Like many of the traders on this post i also am very interested in learning the scalping method of Gary Norden. I contacted him last night via email after researching for hours and i was prepared to move forward with the 3750 price i found listed on a few posts and on the online finance academy listing. However as he responded to me today and told me in the email the price is $6,600 AUD for his course now. That converts to about $5100 USD. He said he is no longer associated with online finance academy and that was his new cost.
As much as i want to learn his method there is no way i am personally spending that much to anyone for lessons or anything else.
Agree...it's quite a leap of faith when you have to pay that much money and not sure if you can be profitable. But if you do have abundant of money, I guess nobody can say anything too
I still have a strong interest in Gary's training, but not at $10,000. I have no doubt he is the real deal. I have been playing around with my own ideas, and those shared with me, that seem similar to what he teaches. I like it because you aren't a momentum chaser like most other styles of DOM trading. What I don't like is that I do not have anyone to learn from. Ughghg $10,000 mi ofght be nothing if you compare it to a university education, learning a skilled trade or 10 years worth of buying Starbucks everyday. I think i have a lot of the puzzle pieces but not enough to put it all together.
I hear you, theres no way im forking out anything close to that amount. I am interested in order flow but at a reasonable price and method that i feel will suit me best
