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Right Line Trading by Mark Sachs opinions


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Right Line Trading by Mark Sachs opinions

  #21 (permalink)
trades4x
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Posts: 24 since Oct 2018
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JBWTrader View Post
Any company positng this

Free Online Training Reveals…

"The Money-Flow Tracker Software – The Only Profitable Way to Trade the Markets"

RUN FOR THE HILLS !
a smart probabilitist will be able to sight some axioms that hold true that many miss.

best
John

as I said earlier, a few weeks back I was asking for reviews and the price so I have no vested interest. All my life I could never have a week I could remain profitable as I was a day trader. I racked up more than 400k in losses, almost bankrupt many times. then becoming desperate I spent more than 15k in buying indicators and systems, all failed and I lost money even more.

Then I decided to bite and bought Rightline system as I thought it was a very discounted price compared to past. Since then in last week, every single day I made more than $800 - $1000 and that too trading micro lots, imagine if I could scale to full lots I will be comfortably making a living from trading and that too for someone who has -400k losses.

But I would add, along with this I also learned some trading principles, look for some higher highs or lower lows to decide which way to trade, not to go just on gut and learned to respect stops. Then this system is as close to Holy Grail, if you can learn the principles I described above.

So, don't go for what a company claims and yes 95% do make exaggerated claims.. but this will turn your life around.

I did find one more system.... both are masterpiece in trading software... Only intention here was if anyone can find it helpful, I would be happy...


Abhay

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  #22 (permalink)
 JBWTrader 
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I will take your word for it your history trades4x
given you have been using this system for a little week dont you think some more history/results is warranted before one lays claims to have turned their trading life around ?

cheers

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  #23 (permalink)
trades4x
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JBWTrader View Post
I will take your word for it your history trades4x
given you have been using this system for a little week dont you think some more history/results is warranted before one lays claims to have turned their trading life around ?

cheers

I understand what you are saying and it is not like you take every signal from this system and you will become a millionaire. You still need to learn some basic patterns of price movement, but it is not a lot. With other systems I had to learn a lot, so many candlestick patterns, some many chart patterns and so many things. I bought atleast 2 to 3 order flow softwares, there was so much to learn and still so difficult to make a trading decision. With this system it is so easy to make a decision to take the trade that will have a very very high probability of success.

With this system, I am finding that if you learn very basic pattern

1) markets are weak or strong - this indicator below tells me market's are weak or strong


2) I see if there is a intraday double bottom or double top forming then take the signals from RightLine system , just take 4 to 5 trades in a day. in the chart below, saw pullback and retest and then took the signal on all lines Red





3) I get a great help from volumetric charts in Ninjatrader. They are not time based, but volume based candles, and their structure is the biggest indicator of market strength in the instrument. removes lot of noise

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  #24 (permalink)
 sigmatrader 
Blythe, CA
 
Experience: Advanced
Platform: NinjaTrader7 and 8
Broker: Rithmic
Trading: CL, GC, UB
Posts: 66 since Sep 2009
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In my opinion there is a flaw in the current offering from RightLineTrading using uniRenko bars. One of the promoted features is based on Elder's triple screen method. Elder designed it for clarifying trends in noisy data. This works fine for intraday + daily + weekly data, but when applied to uniRenko bars on an intraday basis there is a big negative. It is a rather obvious negative, and that is the triple screen delay's entries, removes half the potential profits and causes many losing trades or trades that only hit the first target and get stopped out on the second or the runner. I am not so sure that applying the triple screen to uniRenko's of 3 different sizes is an appropriate use mathematically or same as three time domains. There is something that bothers me about applying the same time domain concept to range or renko domains. Someone more experienced in mathematics and the use of time and frequency domains could explain it clearly. Perhaps I am wrong about this, but just look at the charts in the trade room or on your own machine and when you wait for the Bias color to indicate the three domains are in alignment you can see how much profit was totally missed. Rarely does everything line up for a perfect entry. This is a complex system, well intentioned, but misguided(IMHO). I am a license holder and have been through iterations of Mark's systems. I do believe he is on the verge of success after years and years of trying to get it right. Problem with that view is there are repeated revisions after revisions with the light at the end of a lengthening tunnel. A distinction has to be made between his own discretionary trading and his latest REVO indicator, and REVOSTRATEGY which are an attempt to get his head out of the live trading and all the human errors that can occur. These two appear to have potential. I try to separate the product from the messenger and see where there are elements of the existing package that could be made into a very profitable experience.

uniRenko bars already smooth the data. Adding a three screen system on top just delays the entry. Here is a link that discusses the idea https://admiralmarkets.com/education/articles/forex-strategy/triple-screen-trading-system

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  #25 (permalink)
 loantelligence 
Syracuse, NY
 
Experience: Intermediate
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Yes I also have seen and used Marks software....but I verify the REVO indicator with SMAHist and TDI(Traders Dynamic Index) indicators that i got right here in Futures.io ...if these are not in position I ignore the indicator as Mark should do also sometimes....I trade the NQ and the SMAHist indicator must be greater than 3 for a long or Less than -3 for a short and the TDI must substantially (not just pop thru) break out of the bands which i set at 1 rather than 1.62...I find if both those thing have happened your chance of a winner is more probable....however sometimes the REVO indicator is late to the party....meaning the TDI has already broken out and the same with SMAhist....which now makes the REVO indicator only about 20-30% accurate...however when this happens you can evaluate the LBR310 or CCIhist indicator to determine if there is any strength left in the move before it reverses....... sent the info to Mark...and it may be incorporated in an upcoming update...

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  #26 (permalink)
 sigmatrader 
Blythe, CA
 
Experience: Advanced
Platform: NinjaTrader7 and 8
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UB 8-19 and 20


Am glad to see others are posting comments on Mark's latest creation. Granted there are many ways to modify it for more personally satisfying results. The way Mark draws the potential results on a move can't be achieved totally because the exits are at the max point of the move. Still there are many ticks available. I have used other bar types because of the shortcomings of uniRenko bars. I am into total automation and nondiscretionary trading. I don't use his novel NDT entry/exit tool. Some bars I've used are Lizard Renko, Ninjacator's Volatility Renko. The attached chart uses his uniRenko. One point I was trying to make in my previous post was how the "Elder's" three screen system that Sergio(programmer) has coded into the Bias background color. August 19 and 20 are good examples on the UB where profits are missed by using the "Elder's" 3 screen filter. I use Michael Valtos Order Flow indicators to trigger entries at the turning points rather than the REVO or REVOStrategy. I don't like giving back so many ticks on a uniRenko reversal and have spent time figuring out using other tools an exit before the turns. His idea of using the Trend(adxvma) or the "15" color changes for runners can be an improvement. Like the other posts ahead of this one other tools can be used to take a piece of the move. FWIW I am the unnamed person who got Mark excited about the UB. I don't have his UB chart template yet and have been using the ZB template on the UB. Am looking forward to their UB tuned REVO and REVOStrategy.The triangle signals with colored zones are Michael Valtos OFT indicators . They are BloodHound and BlackBird compatible, but are tricky to create templates for.

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  #27 (permalink)
 sigmatrader 
Blythe, CA
 
Experience: Advanced
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Trading: CL, GC, UB
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JBWTrader View Post
Any company positng this

Free Online Training Reveals…

"The Money-Flow Tracker Software – The Only Profitable Way to Trade the Markets"

RUN FOR THE HILLS !
a smart probabilitist will be able to sight some axioms that hold true that many miss.

best
John

No question Mark is a marketer and his products are in evolution with many upgrades. The latest was sold a year+ ahead of completion. Even today changes are being made, hopefully for the better than just "curve fitting" the system to the markets.

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  #28 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
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loantelligence View Post
Yes I also have seen and used Marks software....but I verify the REVO indicator with SMAHist and TDI(Traders Dynamic Index) indicators that i got right here in Futures.io ...if these are not in position I ignore the indicator as Mark should do also sometimes....I trade the NQ and the SMAHist indicator must be greater than 3 for a long or Less than -3 for a short and the TDI must substantially (not just pop thru) break out of the bands which i set at 1 rather than 1.62...I find if both those thing have happened your chance of a winner is more probable....however sometimes the REVO indicator is late to the party....meaning the TDI has already broken out and the same with SMAhist....which now makes the REVO indicator only about 20-30% accurate...however when this happens you can evaluate the LBR310 or CCIhist indicator to determine if there is any strength left in the move before it reverses....... sent the info to Mark...and it may be incorporated in an upcoming update...

Could you please provide the SMAHist indicator?

I find it quite helpful, but couldn't find it here on the forum...

Thanks in advance.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #29 (permalink)
 loantelligence 
Syracuse, NY
 
Experience: Intermediate
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The SMa Hist and ccihist is in the histogram collection on page 31 of the NT Indicators and the TDI is on page 30....
Go to Downloads/Indicators select NT8 and then go to the specific page....there are others in the Histogram selection also...take a look

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  #30 (permalink)
 loantelligence 
Syracuse, NY
 
Experience: Intermediate
Platform: Ninja Trader
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Trading: NQ
Posts: 218 since Jan 2011
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Thanks Received: 189


SigmaTrader....I took your same screen and put the SMAHist(used .3 for horizonal lines) and TDI on it...notice I also have another indicator on the chart (much like your ruler or are those marks zones?)....was a DynamicSR Color Bands from 6.5(page 18) and used on NT7 indicator(shows the price breakout) that has been modified for NT8 by JOBB(10 minute trades) a friend of Marks...which I also find handy...actually I found it for JOBB and they upgraded it..
Screenshot (23)
a

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