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daytradingthefutures.com review

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  #1 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
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a trader made 2000 tics in 3 weeks with Day Trading The Futures

they give free day trial

any insights appreciated

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  #3 (permalink)
 MrBean 
Osaka
 
Experience: Master
Platform: Ninja
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Trading: Stocks
 
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The dude's name is Wireman , you have to Wire him $500 a month to look at his charts. There is an old thread about the service here: Forums - Jay Wireman scammer

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  #4 (permalink)
DummyWill
Louisiana mostly
 
 
Posts: 10 since Aug 2010
Thanks: 3 given, 18 received

LOL his site looks like a 3rd grader coded it for Netscape 1.0 Made with " webpage-maker" for people who don't know any HTML, won't take the time to learn the basics, and don't have the money to hire a professional designer. I would have trouble believing there's a highly-successful master trader behind that storefront.

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  #5 (permalink)
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
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Posts: 232 since Feb 2010
Thanks: 137 given, 156 received

My friend and I had his sevice for six months we lost money. There is always an explnation to us why we did not make money.
He would never take any trade in front of his students, because I do not think he would know how. Jay would always make money at list that what he would say to us in the early morning between 3:00AM - 6:00AM. OK fine I have no issue with that. But if system is wourking I should be able to make money any time of the day.
Well we thought when we came to his room he would be the one who can teach us how to trade. We were wrong and $1500.00 later we know we were wrong!!! He is FULL OF.... you know what I do not need to end this...
Stay out and look for other free services if you like to know how to trade. The one I like is Gail from Traders Help Desk.
I found Gail from recomndation from some on on futures.io (formerly BMT). Great bit of information from futures.io (formerly BMT)!!!

Well this is my 2c to this post.

Oh one other point now you can buy his indicators for just under $1K.

TickVix/Gregory

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  #6 (permalink)
 MrBean 
Osaka
 
Experience: Master
Platform: Ninja
Broker: IB
Trading: Stocks
 
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tickvix View Post
My friend and I had his sevice for six months we lost money. There is always an explnation to us why we did not make money.
He would never take any trade in front of his students, because I do not think he would know how. Jay would always make money at list that what he would say to us in the early morning between 3:00AM - 6:00AM. OK fine I have no issue with that. But if system is wourking I should be able to make money any time of the day.
Well we thought when we came to his room he would be the one who can teach us how to trade. We were wrong and $1500.00 later we know we were wrong!!! He is FULL OF.... you know what I do not need to end this...
Stay out and look for other free services if you like to know how to trade. The one I like is Gail from Traders Help Desk.I found Gail from recomndation from some on on futures.io (formerly BMT). Great bit of information from futures.io (formerly BMT)!!!
Well this is my 2c to this post.
Oh one other point now you can buy his indicators for just under $1K.
TickVix/Gregory

What are the "institutional numbers" he talks about? Is it actually $500 pm or $250 ($1500/6)?

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  #7 (permalink)
 jdella 
Concord, NH USA
 
Experience: Intermediate
Platform: Ninja trader
Broker: AMP/CQG
Trading: ES
 
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MrBean View Post
The dude's name is Wireman , you have to Wire him $500 a month to look at his charts. There is an old thread about the service here: Forums - Jay Wireman scammer

Mr. Bean, you are correct about that site, and in that old thread you'll see me defending him, but after a month of being there, I found out otherwise. I lost my 500.00 tuition and also lost money trading his so called method. Anyone thinking this is the next best thing please beware, cuz it's not. He doesn't show his DOM and anytime there is a winning setup he would always say, " how many of you guys got that," after the fact, claiming that he just nailed it to the tic with 20+ cars, and many times the exact hi/lo tic of a move with size, c'mon. One will never know. You will always be a subscriber of his method because all you have is what you see on his screen, you don't have his indicators or know how he arrives at them, cuz they are "proprietary". I wish I could pull my post from Elite Trader, but I can't, so just be careful. Certainly it can't hurt you to evaluate this for yourself with the 3 day free trial. My 2 cents

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  #8 (permalink)
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
 
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MrBean View Post
What are the "institutional numbers" he talks about? Is it actually $500 pm or $250 ($1500/6)?


We paid $1500.00 one time for 6 months.

His "institutional numbers" we do not know what they are since he would not show how he is getting them.

At the begining he would not even sell his indicators, but after we pressed a bit he made big favor and sold some of his stuff to us. Moreover at the beginning we only could go into his room to trade if we wanted to follow hos system. I did not like it much but my friend and trading partner wanted to try. By the way

now you can go on linen at symmetryindicators and get his stuff for only $695.00 what a BS. LOL

I'm using dinamic support and resistance and can get just about the same entry.

All in all he is full of it!!! We never were able to make money even when we follow his system to a T!!! I guess we just not good enough.

Frustrated yes!!! Sorry no!!! Just some additional cost of doing business.


TickVix

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  #9 (permalink)
 cjsiding 
WA,USA
 
Experience: Beginner
Platform: ninjatrader
Trading: ES,6E
 
Posts: 33 since Oct 2009
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Well first off i did spend a month in his room last year. With the hardware malfunction and his perfect 20/20 vision of the markets after the fact, I left. After studying his charts and such I came up with the following.

His Institutional numbers are just pivot points. The same as you can get on MyPivots for free. If I remember correctly they are PP-S1-R2.

The main chart is a 2000volume chart with 34ema

His symetry dots indicator is nothing more than swinghi-25 and swinglow+25 for currencies and swinghi-6.25 and swinglow+6.25 for ES.

Hope this helps someone else not to give him a dime.

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  #10 (permalink)
DummyWill
Louisiana mostly
 
 
Posts: 10 since Aug 2010
Thanks: 3 given, 18 received


Over the last few years I've seen more and more of these stories emerge, and the similarities are striking, to the extent that sometimes I wonder if there's a single scammer running 20 versions of the same game under different names for different audiences.

They all seem to have:

1. A magical mystical "proprietary" indicator, usually with its own pet name or trademark- this indicator often turns out to be some basic variation on a moving average

2. Cloak-and-dagger "institutional" connections - they claim to have worked for a major Wall Street firm or trade on the Chicago floor or whatever, they know the game from inside, trust them. Also their insider ties give them insight into what the "professionals" are gonna do today

3. Super-secret support and resistance levels - which end up being the normal Pivots or halfway between them

4. They personally always got in exactly at the low and out at the high, using their magical proprietary indicators - but it's always in restrospect, and on each trade they had to fudge their indicators to one side or the other to get the exact high/low tick

5. Subscribers are never able to duplicate the scammer's claimed results, and the scammer himself is never able to achieve said results in real time -- this is always blamed on the subscribers' failure to understand the system, or that they misinterpreted the scammer's advice (which is always hedged-- "we're coming into support but it may go lower unless it doesn't")

6. A live room where people ostensibly pay to watch the Master trade, or better yet, to trade along with him -- but he never shows his actual trading screen and never calls exact entries and exits in real time, just vague mishmash about coming into support or resistance, then points out that he got in at the bottom... after the bottom

These guys (this guy?) appear(s) to make loads of money off the never-ending flow of new blood, and appear to have subscriber turnover rates of about 100% every couple of months as disgusted people leave and new ones are lured in...

As technical analysts we look for patterns, and I'd say any sign of the above pattern emerging in a fee-based service is a clear signal to hold onto your wallet with both hands.

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  #11 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

when of the reasons y i buy the 'this guy is scammer'consensus is that his main indoicator, counts around fourty-sixty levels, are stuff from tom de mark book entitled 'new science of technical analysis'. i know peter bain of forexmentor did talk a lot about this book. if he is hoest person, who has put his ass on a college chair, he has to publicly acknowledge where the counts came from. moreover, his site doesnt mention any or this.

secondndly, the institutional numbers, if true, would amount to insider trading. if he trades out of the us, he should be liable for criminal behaviuor

i am attaching a screenshot with the td indicator in metatrader, geeetting the same counts as mr scammer. infact, next time i am in his open webinar, i will upload something similar on tinypic and challenge him to acknowledge it. i have a few ideas how to work around his 500$ a month thing. one is to use this counts in metatrader, and to use vsa analysis on ninjatrader to check if volume and spread support the trade

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  #12 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009

DummyWill,

I couldn't have said it better myself. All we can do is try to get out the word about these predators and hope the members here--and others who properly use Google search--will not fall victim to these scams.

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  #13 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

well i want to sent him screenshots of the count, exactly duplicated as he has done on his charts. but i will wait until the next time he has an webinar with hotcomm. i told cathy of hotcomm that he is using counts from tom de mark and that he is skimming off the sheepish retail trader. i am going to engage with cathy and will be ready to embarassed him publicly by posting the exact counts on tinypic.

if you guys know where else to get a TF sequential indicator, i.e. esignal or multicharts please let me know so that we put a stop to this nonsense of retail traders paying 500$ for something that is publicly available.

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  #14 (permalink)
 MrBean 
Osaka
 
Experience: Master
Platform: Ninja
Broker: IB
Trading: Stocks
 
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Posts: 109 since Jan 2010
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AFAIK it was during my trial many moons ago that he started to play with TD Sequential , and another TD indicator, but at that time he told everybody exactly what it was and where it came from, and if I recall correctly his sidekick, Jerbald, was looking into getting permission to use them, so don't be surprised if it's all legit and above ground.

I feel sorry for anyone who gets roped into expensive rooms like that believing with just a little more screen time they will finally get it, if you can't become a decent trader having discovered futures.io (formerly BMT) then there is little hope for you. I wonder if trading rooms will eventually be regulated to some degree?

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  #15 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received


MrBean View Post
AFAIK it was during my trial many moons ago that he started to play with TD Sequential , and another TD indicator, but at that time he told everybody exactly what it was and where it came from, and if I recall correctly his sidekick, Jerbald, was looking into getting permission to use them, so don't be surprised if it's all legit and above ground.

I feel sorry for anyone who gets roped into expensive rooms like that believing with just a little more screen time they will finally get it, if you can't become a decent trader having discovered futures.io (formerly BMT) then there is little hope for you. I wonder if trading rooms will eventually be regulated to some degree?

he did a webinar last week and at no stage, did he indicate where his counts came from or their origin. i think he has maybe his settings for td sequential, but since one of his setups depend on this, it should be made clear where the originate from. i am looking for a current day trial so i can refine my readings. he does not grant them easily these days. if some1 manages to secure a day trial with a fake email address, plse pm me. only good things can come from gaining mo insights into his system

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  #16 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

this is another screenshot of td counts on the 5min. i would filter the counts around fib levels of the prior move, and also count them from 7. just my idea to reduce loosing trades. i am not bothered bigtime by losses, as the stoploss would be two tics below prior low.

do others pick up any other significant thing on the counts that i dont see. plse share your inputs

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  #17 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

one of the filters that jay uses is the fourty sixy levels of the count, to pass on low probability trades. i suspect he uses a fifty cci and check for the counts to appear around thoese levels. if others suspect he uses something elese i would like to hear. mind u this thing could save many traders 500$

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  #18 (permalink)
 scartree 
Queensland Australia
 
Experience: Intermediate
Platform: NinjaTrader, Metatrader
Broker: Mirus Futures/Zen-Fire
Trading: 6E, ES, FESX, Forex
 
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Posts: 63 since Sep 2009
Thanks: 63 given, 79 received

I have experienced the trading room at eminidaytrader and to be frank, I was impressed by Jay Wireman's methods. I am not sure I care where the indicators he uses came from but he seems to have put it all together very effectively. I cannot afford to shell out the cost of joining his trading room but he has a new ebook for sale which he claims has a method of trading news releases (and other times) which is uncanny at picking the level of retracement which often occurs after the first spike following a major news release. I am unable to get much information on this despite searching the net and asking questions so I am nervous at spending $495 sight unseen without any form of guarantee. Has anyone had a chance to look at the ebook and would like to comment. If it really works, the money could be well spent but I am too nervous to spec that sort of money.

nqcruiser, I tried to contact you but I do not have priveleges to PM from this site. Could I ask you to PM me and I will replay with an email address.

Thanks

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  #19 (permalink)
zenfist
Colombia
 
 
Posts: 1 since Nov 2010
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Thanks to this site I think I will save my money, I was thinking about spending the $500.

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  #20 (permalink)
 nqcruiser 
Cape Town, South Africa
 
Experience: Advanced
Platform: ninjatrader, ensignsoftware
Broker: ampfutures/Zen-Fire
Trading: 6E, Cl, TF
 
Posts: 120 since May 2010
Thanks: 15 given, 51 received

a trusted friend from canada and a couple of guys in the US r following jay's room now. we have decided to farm out in his room and see if we can pocket 50-60 pips a day he claims. plus he has posted latest videos about using his system which is clearer than early days. i will check his stuff armed with gomi and vsa.i need to put bread on the table. if jay's stuff, especially his institutional no's helps put bread on the table. i had be mo than happy.

if other current members are on this forum, plse share your current experience.

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  #21 (permalink)
 evilmrkipling 
Spain
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
 
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Posts: 11 since Feb 2011
Thanks: 2 given, 3 received

How are you getting on in the room nqcruiser?

I was in this morning briefly just to find it was a training session looking back on old trades at one of the busiest market times.

I asked a polite question "Will this morning be a training session or will we be taking any live trades?" he got a bit shirty and said if you don't like it just close the room down.

To me this screams BS, if you have a winning system the best way to demonstrate it is live trading during times of the day with the heaviest volume and then use quieter times of the day to review trades and go over training.

My wallet is staying firmly closed!

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  #22 (permalink)
 Lachiner 
Oakville, Ontario
 
Experience: Beginner
Platform: Ninja 7
Broker: TPFutures, ZenFire
Trading: es.6b,
 
Posts: 10 since Apr 2011
Thanks: 2 given, 1 received

evilmrkipling, I was sent a recording of the day you were in and I think I heard him yell at you. LOL

Here is a link to the training from April 13,2011 if anyone wants to view and check out what he is using as indicaters.

Hope this helps someone or all of us.

I need to post two more times before I can send a link.......

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  #23 (permalink)
 Lachiner 
Oakville, Ontario
 
Experience: Beginner
Platform: Ninja 7
Broker: TPFutures, ZenFire
Trading: es.6b,
 
Posts: 10 since Apr 2011
Thanks: 2 given, 1 received

I will use the three day trial, but I will keep my money in my wallet thanks to this site....

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  #24 (permalink)
 Lachiner 
Oakville, Ontario
 
Experience: Beginner
Platform: Ninja 7
Broker: TPFutures, ZenFire
Trading: es.6b,
 
Posts: 10 since Apr 2011
Thanks: 2 given, 1 received

Here is the link that I couldn't post before. Sorry I'm a newby on this site.

http://www.daytradingthefutures.com/41311morningsession.html

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  #25 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
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Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received


Lachiner View Post
Here is the link that I couldn't post before. Sorry I'm a newby on this site.

http://www.daytradingthefutures.com/41311morningsession.html

Congratulations on getting your first "Thanks"....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #26 (permalink)
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
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Posts: 2,302 since Feb 2010
Thanks: 1,206 given, 4,337 received

His alleged system is very similar to what I use. ( I don't know him, have never been a student of his and never heard of him before reading this thread.) I don't use a lot of the stuff he has on his screen.

If you are looking for reall trading examples , there is an excellent thread you can check out here on futures.io (formerly BMT),



Mwinfrey uses a system similar to what I do, maybe that's why I like it...

The attached is my standard trading platform.





Disclaimer: I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #27 (permalink)
 Lachiner 
Oakville, Ontario
 
Experience: Beginner
Platform: Ninja 7
Broker: TPFutures, ZenFire
Trading: es.6b,
 
Posts: 10 since Apr 2011
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ThatManFromTexas View Post
Disclaimer: I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar.


Great Disclaimer !!

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  #28 (permalink)
JimMM
Palm Desert, CA USA
 
 
Posts: 3 since Oct 2010
Thanks: 0 given, 1 received

Do it within 30 days
Get the eMail address of the people that he claims make all the money
Find out their real views (hopefully negative).
Leave comments in the chat room warning others.
Get permanently kicked out of the room
File a dispute with Paypal/ Visa stating you cannot use the indicators without being in the room.

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  #29 (permalink)
 daza 
uk
 
Experience: Intermediate
Platform: Market Delta
Trading: ES
 
Posts: 23 since Dec 2009
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I purchased his first ebook way when he was first starting out,, looks like things have changed a lot,, he now looks like he is using the value indicator instead of the stochastic s, and as some one else said in a prior thread the tom demarks counts.



http://www.charthub.com/images/2008/02/04/ValueChart_2



Just like all indicators the value indicator is fine until you get a impulse trend, his number where normal pivots, not sure what he is using now and to be frank I do not care, his material was very poor in the way it was presented and things seemed to change every week,,that seemed odd to me.. if it works why fix it all the time..

save you cash and time.

Daza

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  #30 (permalink)
 fasttraxs 
Danville, California
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES Currency furtures
 
Posts: 69 since Sep 2010
Thanks: 601 given, 20 received


Lachiner View Post
Here is the link that I couldn't post before. Sorry I'm a newby on this site.

http://www.daytradingthefutures.com/41311morningsession.html


Does anybody know what he uses as pivots. I watched his pivots a while back in his room and they were strong to trade off,but never could figure them out.

Fasttraxs

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  #31 (permalink)
 Vitaliy 
Ukraine
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Spoon
 
Posts: 18 since Aug 2011
Thanks: 2 given, 4 received


fasttraxs View Post
Does anybody know what he uses as pivots. I watched his pivots a while back in his room and they were strong to trade off,but never could figure them out.

Fasttraxs

Yep man,sometime strong,sometime no.This dude wierman,kiked me out,and blocked my IP.(His scamer).If you want stay in trade room,don't pay any money,you can get free trial as long as you like,just change email box.I did it many times.lol

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  #32 (permalink)
 Vitaliy 
Ukraine
 
Experience: Intermediate
Platform: NinjaTrader
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He is scammer.

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  #33 (permalink)
 BeachTrader 
San Diego
 
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I have a friend who loves this room. I haven't tried it as his site seems so "busy" and I like to keep things simple. I do have a copy of his Daily Trading Plan which I will try to attach here in case anyone is interested. Apparently you need to buy his "proprietary" indicators which is another turn-off for me.

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 ThatManFromTexas 
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I don't see anything on his charts that aren't available on futures.io (formerly BMT) for free for Elite members.

example... look @Fat Tails Pivots ( His indicator..... not his dancing... )

There was a charismatic trader on futures.io (formerly BMT) who talked about trading off of "W's" and "M's" ... oh, wait ... that was me ... please disregard this for shameless self promotion...

IMHO... save the $500 per month... become an Elite member of futures.io (formerly BMT) and read the threads ... you will be $$$$ ahead...



Disclaimer: This post does not represent the view point of the owners, managers, or moderators of this web site and is not intended as a slam against any moderator, board member, any banned former members whose name we dare not say, any other living person, any recently living person or any person or persons whose status we are not sure of and especially not for any platform vendor with a questionable product and a pit bull lawyer. This post is meant purely for entertainment and should not be confused with a real thought.

I am not a programmer, coach, trainer or self appointed guru and do NOT hold myself up to be a good example for anything. I do not have a book, trading room or seminar. Even though I have an opinion on every subject under the sun, I do not give financial advice. Nor should I be held responsible for feeble attempts at humor at your expense.

I am an Elite member of futures.io (formerly BMT) but am not an employee of or a spokesperson for futures.io (formerly BMT) and receive no compensation for recommending futures.io (formerly BMT) Elite membership.


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 BeachTrader 
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Hi TMFT,

I am an Elite Member. There is a ton of good stuff in the Elite section as you said. My problem is there is so much info that I have information overload and don't know which direction to go. I don't like a ton of indicators and I have given up on scalping as I want something with a positive reward to risk so I don't have to have a huge winning percentage. Sigh. I keep jumping around now.

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 mfbreakout 
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BeachTrader View Post
Hi TMFT,

I am an Elite Member. There is a ton of good stuff in the Elite section as you said. My problem is there is so much info that I have information overload and don't know which direction to go. I don't like a ton of indicators and I have given up on scalping as I want something with a positive reward to risk so I don't have to have a huge winning percentage. Sigh. I keep jumping around now.


You may want to read my journal from time to time " day trading crude without indicators". You may find it helpful if my trading method matches with your personality. I trade my own account and have nothing to sell or promote. I am just a retail trader. The way i talk about Mark Fisher and Jim Dalton books, some may think i am their promoter (lol).

If you like wave counts, Fib. numbers etc.. Gary D journal gives you that style of trading " Catching the big wave".

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 BeachTrader 
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mfbreakout View Post
You may want to read my journal from time to time " day trading crude without indicators". You may find it helpful if my trading method matches with your personality.

If you like wave counts, Fib. numbers etc.. Gary D journal gives you that style of trading " Catching the big wave".

Thanks for the invitation . I enjoy trading Crude too. I will follow your journal and check out Gary's too to see which of those mesh well with my personality. Appreciate your help.

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 ThatManFromTexas 
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BeachTrader View Post
Hi TMFT,

I am an Elite Member. There is a ton of good stuff in the Elite section as you said. My problem is there is so much info that I have information overload and don't know which direction to go. I don't like a ton of indicators and I have given up on scalping as I want something with a positive reward to risk so I don't have to have a huge winning percentage. Sigh. I keep jumping around now.

@BeachTrader

I understand your frustration. There are no simple answers... only simple traders...

There are so many trading systems out there than you can't throw a dead possum without hitting one ... and most of them stink worse than the dead possum ...

Any system that works has the following:

1. You need some way to determine when to go long or short. Pick out an arbitrary indicator or group of indicators that say ;Under "This condition" Look for Longs only or Look for shorts only. example: Pick an indicator and only look for longs above it or shorts below it.

2. You need some unambiguous method of determining when to get in and when to get out. example; Set Targets and Stop Loss , when an arbitrary indicator moves against your position etc.

3. Once a basic framework is established, determine if winning percentage can be increased with additional filters. Just so you know, if you add "enough" filters you will never lose money... because you will never get a consensus to enter a trade....

Find what works for you. There are many successful traders on futures.io (formerly BMT) that I could not trade their methodology even though it works great for them. I have never found a "one size fits all" trading strategy.

Good Luck in your quest!

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Fat Tails 
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What is daytradingthefutures.com?

At first sight it is a not very professional website, which has lots of colours and some confusing charts. There is a YouTube Channel and you can watch some videos. There is little value in those videos, many of the comments are outright false and show that the presentator has not even understood basic concepts.


The internet is a lovely place

Then you may also lookup the domain in WHOIS. You will then see in whose name the website is registered. Take that name and address and you will then end up at Mugshots - Mugshots.com - Find Mugshots Online. Official Records, Criminal Records, Arrest Records and find out that the website owner was convicted for sale, manufacture and delivery of cocaine, crime committed back in 1994. He is now under parole state supervision until 2021, as you can see on the website of the Florida Department of Corrections. I am not including links with respect to privacy.


The United States, once the world's model democracy has muted into a police state


Honestly, my sympathy is with that guy. He has committed a crime 20 years ago and this is still haunting him today, because he is unlucky to live in a police state. And he does not make enough money with trading to pay Mugshots - Mugshots.com - Find Mugshots Online. Official Records, Criminal Records, Arrest Records to remove his record from the website. I understand that MugShots is a website with a business model based on legal blackmailing.


No, the internet is a jungle

If you do not want to take the risk of being a trader, you just create your own website and sell whatever is possible. I think that the principal motive of traders to open trading rooms is that

-> they do not have the skill set required for trading
-> do not have the risk management tools to avoid the downside risk of trading
-> and therefore settle for a low risk business (little cost, but irregular income)

I am a bit tired of bashing all those websites longing out for the money of fools and inexperienced traders. In the end trading is a zero sum game, so it is all about entertainment. And if you buy those indicators or advice from any of these trading sites, you do get what you pay for: entertainment. I guess it is still better than a blackmailing business such as MugShots.

Poor America, where are you heading for? It is not so much different from George Orwell's Oceania.

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 Sunil P 
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Sehr gut Fats...post of the year for me.

Can I have the rights to that post? so I can copy and paste it again if the situation arises here and elsewhere?


'Poor America, where are you heading for?'




After 911 its been a free for all with our rights as citizens,internet identity theft,phishing etc etc

this chap is going south to the Caribbean in due time to resolve some of that....less is better.

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 ThatManFromTexas 
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Fat Tails View Post
What is daytradingthefutures.com?

At first sight it is a not very professional website, which has lots of colours and some confusing charts. There is a YouTube Channel and you can watch some videos. There is little value in those videos, many of the comments are outright false and show that the presentator has not even understood basic concepts.


The internet is a lovely place

Then you may also lookup the domain in WHOIS. You will then see in whose name the website is registered. Take that name and address and you will then end up at Mugshots - Mugshots.com - Find Mugshots Online. Official Records, Criminal Records, Arrest Records and find out that the website owner was convicted for sale, manufacture and delivery of cocaine, crime committed back in 1994. He is now under parole state supervision until 2021, as you can see on the website of the Florida Department of Corrections. I am not including links with respect to privacy.


The United States, once the world's model democracy has muted into a police state


Honestly, my sympathy is with that guy. He has committed a crime 20 years ago and this is still haunting him today, because he is unlucky to live in a police state. And he does not make enough money with trading to pay Mugshots - Mugshots.com - Find Mugshots Online. Official Records, Criminal Records, Arrest Records to remove his record from the website. I understand that MugShots is a website with a business model based on legal blackmailing.


No, the internet is a jungle

If you do not want to take the risk of being a trader, you just create your own website and sell whatever is possible. I think that the principal motive of traders to open trading rooms is that

-> they do not have the skill set required for trading
-> do not have the risk management tools to avoid the downside risk of trading
-> and therefore settle for a low risk business (little cost, but irregular income)

I am a bit tired of bashing all those websites longing out for the money of fools and inexperienced traders. In the end trading is a zero sum game, so it is all about entertainment. And if you buy those indicators or advice from any of these trading sites, you do get what you pay for: entertainment. I guess it is still better than a blackmailing business such as MugShots.

Poor America, where are you heading for? It is not so much different from George Orwell's Oceania.

@Fat Tails

We all make mistakes ..... what matters is what you do afterwards....






On October 2, 1978, Tim Allen was arrested in the Kalamazoo/Battle Creek International Airport for possession of over 650 grams (1.4 lb) of cocaine. He subsequently pleaded guilty to drug trafficking charges, and provided the names of other dealers in exchange for a sentence of three to seven years rather than a possible life imprisonment

Allen was nominated for one Emmy and 5 Golden Globe Awards.

He won the Golden Globe Award for Best Actor Television Series Musical or Comedy in 1995 for Home Improvement.

In 1999, Allen was named a Disney Legend for his work on the Toy Story and Santa Clause franchises.

In 1999 Allen won a TV Guide Award for Favorite Actor in a Comedy.

For contributions to the television industry, Tim Allen was honored with a star on the Hollywood Walk of Fame at 6898 Hollywood Blvd.

In 1996, he won the Hall of Fame award at the Kids Choice Awards.

The cast of Home Improvement was honored with a "Fan Favorite" award at the 2009 TV Land Awards.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Fat Tails 
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@ Fat Tails

We all make mistakes ..... what matters is what you do afterwards....

Tim Allen was lucky not to be arrested in Singapore. Yes, I agree with your statement.

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 Traderji 
Australia
 
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We all make mistakes ..... what matters is what you do afterwards....


I'd say that is too simple a statement and too broad. There are mistakes and then there are mistakes.

In the context of this particular thread about that website I think you are falsely extending Tim Allen's success to someone who hasn't in any way redeemed himself - A convicted drug dealer who is now selling day trading scam on the internet.

The pictures and words you used are of Tim Allen but we are not discussing Tim Allen so it is an false equivalency.

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 Fat Tails 
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Traderji View Post
I'd say that is too simple a statement and too broad. There are mistakes and then there are mistakes.

In the context of this particular thread about that website I think you are falsely extending Tim Allen's success to someone who hasn't in any way redeemed himself - A convicted drug dealer who is now selling day trading scam on the internet.

The pictures and words you used are of Tim Allen but we are not discussing Tim Allen so it is an false equivalency.

That is the reason that I did not post any pictures, pictures always convey a negative of positive information and this is all false. @ redratsal managed to play a trick on me, when he started his thread: "I believe I can fly".
I saw the video showing that man flying by using some sort of wings, and without thinking about it, I thought that it was real.



In fact it was a fake. I do not conclude that I shoud never trust an Italian and not believe in Flying Dutchmen, but that I should be more careful to base my judgement on images or videos. What @ ThatManFromTexas has posted is quite suggestive, as would have been a mugshot of the website owner. In fact, any image distorts reality.

It was my fault of having brought up the subject. The website itself and the services proposed is what counts today. And I do not think that the website is a professional trading website.

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 Traderji 
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Fat Tails View Post
I saw the video showing that man flying by using some sort of wings, and without thinking about it, I thought that it was real.


You are trying to make a joke at my expense by being anal/fastidious (why did it have to be a German?) but my statement still stands. You judge an individual on his or her own merit not what someone else did in their situation.

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 Fat Tails 
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Traderji View Post
You are trying to make a joke at my expense by being anal/fastidious (why did it have to be a German?) but my statement still stands. You judge an individual on his or her own merit not what someone else did in their situation.

No I was not making fun of you. I meant what I was writing. Pictures and videos distort our perception of things, and journalists (and in this case the lying dutch man) take advantage of that. TMFTs message was also implicitly suggesting that everybody who has done something wrong can easily convert to a glorious character .... However, this requires unlearning bad habits, also see trading books written by Brett Steenbarger.

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 ThatManFromTexas 
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Traderji View Post
I'd say that is too simple a statement and too broad. There are mistakes and then there are mistakes.

In the context of this particular thread about that website I think you are falsely extending Tim Allen's success to someone who hasn't in any way redeemed himself - A convicted drug dealer who is now selling day trading scam on the internet.

The pictures and words you used are of Tim Allen but we are not discussing Tim Allen so it is an false equivalency.

@Traderji

The Point... you missed it


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Traderji 
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@Traderji

The Point... you missed it


Well then spit it out man. No need to act coy. Tell me what was the point you were making there and if it makes sense I'll be happy to admit my mistake.

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 Sunil P 
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The point is cellulite is growing problem on the legs of humans.

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 ThatManFromTexas 
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Traderji View Post
@Fat Tails You are trying to make a joke at my expense by being anal/fastidious (why did it have to be a German?) but my statement still stands. You judge an individual on his or her own merit not what someone else did in their situation.

Wow... that was really insensitive ...

Are you not aware that @Fat Tails was born without a sense of humor? That's why he gets to park his Mercedes in the handicapped parking space.....

Besides .... he is so Zen like in nature that he would never try to garner attention by making silly/anal/fastidious jokes at your expense... uh... that would be me ... not him ...



I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Fat Tails 
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ThatManFromTexas View Post
Wow... that was really insensitive ...

Are you not aware that @ Fat Tails was born without a sense of humor? That's why he gets to park his Mercedes in the handicapped parking space.....

Besides .... he is so Zen like in nature that he would never try to garner attention by making silly/anal/fastidious jokes at your expense... uh... that would be me ... not him ...



I do not understand what you are talking about. I was indeed born without a sense of humor, everybody knows that Germans don't have humor. I then worked hard to acquire some, but I failed, so I have to continue to live without it. Don't blame me for that, also it lacks politically correctness to make fun of people who cannot understand it. I neither understand the words "anal" nor "fastidious", so how could I laugh about them?

And also, when I intend to use the handicapped parking space, I never ever would do that with my Mercedes. I do not want to offend the handicapped, so I only take the small car of my wife.

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 ThatManFromTexas 
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Fat Tails View Post
I do not understand what you are talking about. I was indeed born without a sense of humor, everybody knows that Germans don't have humor. I then worked hard to acquire some, but I failed, so I have to continue to live without it. Don't blame me for that, also it lacks politically correctness to make fun of people who cannot understand it. I neither understand the words "anal" nor "fastidious", so how could I laugh about them?

And also, when I intend to use the handicapped parking space, I never ever would do that with my Mercedes. I do not want to offend the handicapped, so I only take the small car of my wife.


@Fat Tails

Now you are just showing off... telling everyone that you have managed to acquire and keep a wife ... do you know how many people on this board have been able to do that... not very many... why do you think we hang out here...

I appreciate the burden you have with your affliction (no sense of humor) ... I suffer from a condition known as Stupidity .. I am lobbying to get it covered under the National Disabilities Act... since a lot of people suffer from it, especially politicians, and it is very difficult to get a good job once they find out you have it

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Big Mike 
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OK OK OK... we've had our laughs, now get this thread back on-topic.

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  #54 (permalink)
 ThatManFromTexas 
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Big Mike View Post
OK OK OK... we've had our laughs, now get this thread back on-topic.

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Mike

No problem, I take full responsibility.

I was trying to use humor to diffuse a potentially uncomfortable situation.


Traderji View Post
You are trying to make a joke at my expense by being anal/fastidious (why did it have to be a German?)......



Traderji View Post
Well then spit it out man. No need to act coy. Tell me what was the point you were making there and if it makes sense I'll be happy to admit my mistake.



I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Traderji 
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ThatManFromTexas View Post
No problem, I take full responsibility.

I was trying to use humor to diffuse a potentially uncomfortable situation.


Traderji View Post
You are trying to make a joke at my expense by being anal/fastidious (why did it have to be a German?) but my statement still stands. You judge an individual on his or her own merit not what someone else did in their situation.


By the way the pop reference for my quote is 'Community - Season One - Episode 12' ... look it up around 10m:50s into the episode.




Quoting 


By all means. Oh and I finally got your point.

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 SpyderTrader 
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Hello all,

So I just joined today as an Elite Member for the sole purpose of finding one thing out:

Can anyone tell me how these guys are creating their Market Profile indicator?

I've been in their chatroom for a few months, getting annoyed at shelling out 250 each month for what I suspect are simply pivot lines and fib levels.

However, that being said, their Market Profile levels are very good....when prices break through, they continue for at least 70-100 ticks.
Their levels also move every 5 minutes, every 10 minutes, and so on....they kind of adjust for price action throughout the day.

I guess I'm directing this thread to "Fat Tails" since he provided a lot of good commentary in the other thread about daytradingthefutures.com.....but I wanted this thread to be specific to Market Profile....and of course anyone is welcome to comment.

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 mrmuggins 
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SpyderTrader View Post
[COLOR="black"]Hello all,


However, that being said, their Market Profile levels are very good....when prices break through, they continue for at least 70-100 ticks.

COLOR]

So their calls from Market Profile are very good and you will achieve around 70 ticks on each trade. Sounds good to me and only $250 per month. Cheap at ten times the price. What is their website as I think I will join asap. I cannot understand all the negativity towards this company if their trades are so good. Maybe I am being naive.

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 SpyderTrader 
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Whats the website?

Try checking the title of this thread.

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 syxforex 
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Muslim cops without rights are really friendly to Americans. Rather be arrested by Nazis...


Fat Tails View Post
Tim Allen was lucky not to be arrested in Singapore. Yes, I agree with your statement.


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 BeachTrader 
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Wow this thread has really gone off-topic....

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  #61 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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Hello all,

So I just joined today as an Elite Member for the sole purpose of finding one thing out:

Can anyone tell me how these guys are creating their Market Profile indicator?

I've been in their chatroom for a few months, getting annoyed at shelling out 250 each month for what I suspect are simply pivot lines and fib levels.

However, that being said, their Market Profile levels are very good....when prices break through, they continue for at least 70-100 ticks.
Their levels also move every 5 minutes, every 10 minutes, and so on....they kind of adjust for price action throughout the day.

I guess I'm directing this thread to "Fat Tails" since he provided a lot of good commentary in the other thread about daytradingthefutures.com.....but I wanted this thread to be specific to Market Profile....and of course anyone is welcome to comment.

@SpyderTrader

Have you checked out Gomi's Market Profile in the download section?.

To get a board member's attention , type @Fat Tails . He will get a notice he was mentioned in the thread.

Yes you are right ... Fat Tails is the "Keeper of the Knowledge" on technical info.....


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #62 (permalink)
 Fat Tails 
Berlin, Europe
 
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SpyderTrader View Post
Hello all,

So I just joined today as an Elite Member for the sole purpose of finding one thing out:

Can anyone tell me how these guys are creating their Market Profile indicator?

I've been in their chatroom for a few months, getting annoyed at shelling out 250 each month for what I suspect are simply pivot lines and fib levels.

However, that being said, their Market Profile levels are very good....when prices break through, they continue for at least 70-100 ticks.
Their levels also move every 5 minutes, every 10 minutes, and so on....they kind of adjust for price action throughout the day.

I guess I'm directing this thread to "Fat Tails" since he provided a lot of good commentary in the other thread about daytradingthefutures.com.....but I wanted this thread to be specific to Market Profile....and of course anyone is welcome to comment.


Thanks to @ThatManFromTexas that I have discovered this post. If you mention me as "@Fat Tails", then I will be alerted and read the post, otherwise I will probably not. So whenever you expect a member to respond to your post, it is a good idea to use the "@" in front of the member's name. Nobody is able to read everything.

If you want to have information on market profile, you would need to tell us which software is used and maybe attach a few charts to your post, allowing to discuss the S/R lines. Otherwise @gomi is more of an expert for market profile and volume-price-distributions than I am, he can probably help you to find what you look for.

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  #63 (permalink)
 SpyderTrader 
Chicago, Illinois
 
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Hey Texas,

Thanks for the reply....checking out the stuff by Gomi is on my list of things to do today.

To be honest, I signed up as an Elite Member around 11pm, and went right to the downloads and indicators section.

There was an UNBELIEVABLE treasure trove of information, I was up till about 3am just reviewing all the different indicators available on this site.



I saw Gomi listed on the "Best of 2011" section, checked out the thread.....seems like something that is going to require a few hours to master.

So have you used Gomi's Market Profile?
What are your thoughts on it?

By the way, although I live in Chicago now....I spent 2 years working in Dallas....friggin loved it there.

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  #64 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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SpyderTrader View Post
Hey Texas,

Thanks for the reply....checking out the stuff by Gomi is on my list of things to do today.

To be honest, I signed up as an Elite Member around 11pm, and went right to the downloads and indicators section.

There was an UNBELIEVABLE treasure trove of information, I was up till about 3am just reviewing all the different indicators available on this site.



I saw Gomi listed on the "Best of 2011" section, checked out the thread.....seems like something that is going to require a few hours to master.

So have you used Gomi's Market Profile?
What are your thoughts on it?

By the way, although I live in Chicago now....I spent 2 years working in Dallas....friggin loved it there.

@SpyderTrader

Elite membership has got to be the most bang for the buck you can get ...

I don't use the Market Profile. I think it looks great... I just don't understand how to use it ... and I try not to admit stuff like that in front of @Fat Tails .... oops... I hope he doesn't see this ...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #65 (permalink)
 SpyderTrader 
Chicago, Illinois
 
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Fat Tails View Post
Thanks to @ThatManFromTexas that I have discovered this post. If you mention me as "@Fat Tails", then I will be alerted and read the post, otherwise I will probably not. So whenever you expect a member to respond to your post, it is a good idea to use the "@" in front of the member's name. Nobody is able to read everything.

If you want to have information on market profile, you would need to tell us which software is used and maybe attach a few charts to your post, allowing to discuss the S/R lines. Otherwise @gomi is more of an expert for market profile and volume-price-distributions than I am, he can probably help you to find what you look for.



Thanks for the note @Fat Tails......hmmm, well I believe the guy who runs the room, Jay Wireman uses TradeStation, and he refers to the Market Profile as containing 3 areas:

High Value Area (resistance)
Low Value Area (support)
Control Point (midpoint)

He says his Market Profile is much different than the free one that TradeStation offers, but who knows....I'd like to know if anyone has actually compared the two.

All I know is that when prices break the HVA or LVA....they really start ripping.

I would try to post some screenshots of his Market Profile in action....but its all done in the room.....he doesn't sell the Market Profile.

The reason for my post was just to wonder if anyone out there has been able to replicate it.

Anyway, I shall review the stuff by Gomi later today, hopefully he's made it user friendly

Thanks to you and Texas for replying.

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  #66 (permalink)
 Fat Tails 
Berlin, Europe
 
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SpyderTrader View Post
Thanks for the note @Fat Tails......hmmm, well I believe the guy who runs the room, Jay Wireman uses TradeStation, and he refers to the Market Profile as containing 3 areas:

High Value Area (resistance)
Low Value Area (support)
Control Point (midpoint)

He says his Market Profile is much different than the free one that TradeStation offers, but who knows....I'd like to know if anyone has actually compared the two.

All I know is that when prices break the HVA or LVA....they really start ripping.

I would try to post some screenshots of his Market Profile in action....but its all done in the room.....he doesn't sell the Market Profile.

The reason for my post was just to wonder if anyone out there has been able to replicate it.

Anyway, I shall review the stuff by Gomi later today, hopefully he's made it user friendly

Thanks to you and Texas for replying.


Sounds like the standard POC and the value area. If he uses other than the standard tradestation indicators, his indicators are probably monkey business. Not difficult to put a POC and the value area.

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  #67 (permalink)
 Ganymed 
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BeachTrader View Post
I have a friend who loves this room. I haven't tried it as his site seems so "busy" and I like to keep things simple. I do have a copy of his Daily Trading Plan which I will try to attach here in case anyone is interested. Apparently you need to buy his "proprietary" indicators which is another turn-off for me.

Please delete this pdf File here. You will have problems because it's not alowed to publish it to the public if you didn't pay for the stuff.

Big Mike please delete this attachment thanks
a friend of Jay

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  #68 (permalink)
 SpyderTrader 
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Fat Tails View Post
Sounds like the standard POC and the value area. If he uses other than the standard tradestation indicators, his indicators are probably monkey business. Not difficult to put a POC and the value area.



@Fat Tails

Whoops...POC? Whats that? and where can i find it?

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  #69 (permalink)
 BeachTrader 
San Diego
 
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Ganymed View Post
Please delete this pdf File here. You will have problems because it's not alowed to publish it to the public if you didn't pay for the stuff.

Big Mike please delete this attachment thanks
a friend of Jay


Just to clarify, I got the PDF free on his site so it was (or still is) available to the public. I have never tried his services and wouldn't have posted it if it was not freely available. Up to Mike if he wants to remove it.

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  #70 (permalink)
 Fat Tails 
Berlin, Europe
 
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SpyderTrader View Post
@Fat Tails

Whoops...POC? Whats that? and where can i find it?

POC = Point of Control. Market Profile slang for the (statistical) mode of a volume-price-distribution. Why don't you just click it to access the wiki?

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  #71 (permalink)
 trendisyourfriend 
Legendary Market Wizard
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SpyderTrader View Post
@Fat Tails

Whoops...POC? Whats that? and where can i find it?


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  #72 (permalink)
 SpyderTrader 
Chicago, Illinois
 
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Fat Tails View Post
POC = Point of Control. Market Profile slang for the (statistical) mode of a volume-price-distribution. Why don't you just click it to access the wiki?

Oh ok, right on, for some reason I thought it meant "Point of Confluence" which is something another NinjaTrader vendor sells.

I'll do some research and see who offers "Point of Control" indicators as part of their charting package.

In the meantime, thanks to everyone for their posts, pretty helpful so far.

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  #73 (permalink)
 SpyderTrader 
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BeachTrader View Post
Just to clarify, I got the PDF free on his site so it was (or still is) available to the public. I have never tried his services and wouldn't have posted it if it was not freely available. Up to Mike if he wants to remove it.

There is a free pdf available on daytradingthefutures, I think thats what BeachTrader is referring to.

Its nothing special, just a 6 page sales pitch to convince you to purchase his latest product for $1500.

Hey Beach, whats your experience with them, have you ever signed up for the room?

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  #74 (permalink)
 BeachTrader 
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No I never signed up with them. I just downloaded their PDF a while ago. I did notice Jay updated his PDF from the one he offered a few weeks ago. I don't know how often he changes it. But I wasn't interested in buying the indicators.

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  #75 (permalink)
 SpyderTrader 
Chicago, Illinois
 
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This guy is doing a NinjaTrader webinar on 5/17.

If anyone wants to attend and figure out how he is plotting fib levels that are exact turning points.

I'm sure his indicator is available for free here, its just a matter of adding a few lines of code.

He charges 1500.

Lets try to get that down to zero.






Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #76 (permalink)
 researcher247 
Chicago, IL
 
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Yea!

I'll write down that time and date and attend.

Wireman is a snarky little pimp.

I'll see what I can contribute.

peace

Hedvig

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  #77 (permalink)
 researcher247 
Chicago, IL
 
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You know, I have seen software that AFTER the fact 'prints' clusters and a dot

OR

once a true swing high or low is established and the trade has moved the other way; again--cluster lines and a big dot.

We'll see.

Hedvig

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  #78 (permalink)
 SpyderTrader 
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researcher247 View Post
You know, I have seen software that AFTER the fact 'prints' clusters and a dot

OR

once a true swing high or low is established and the trade has moved the other way; again--cluster lines and a big dot.

We'll see.

Hedvig


Hey man,

Yea Jay actually let me try out the indicator for 3 days.
This was a separate trial from the chatroom, which was also 3 days.

I loaded it on a handful of symbols and watched it live from 7am to about 11am, and I can confirm it plots the "Cluster Dots" live as the bar is forming....and NOT after the fact.

Thats pretty much the only reason I was intrigued....I've dealt with a lot of scum bags that only plot an alert after 2 or 3 bars.

The way he explained it to me was that the dots form at multiple fib levels, like if you have three 0.618 levels from multiple timeframes converging at the same area.....the dot will form.

I should also mention that there were several times where the dots formed and price didn't bounce off like it was supposed to.
If I were to to ballpark it? Half the time it works, and half the time it doesn't.

However, when I selected 3 or 4 fib levels as my requirment.....there were 90% less signals....but 1000% more accurate.

I should have recorded my observations with some kind of desktop recorder, but at the the time I wasn't a member of this site.

I'll mention the exact fib levels he uses in my next post.

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  #79 (permalink)
 SpyderTrader 
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Don't forget everyone, this guys webinar is tommorrow after the market close.

Lets make him work for it and give us as many clues as possible into figuring out how we can code our own "Cluster Dots" for free on futures.io (formerly BMT).

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #80 (permalink)
 researcher247 
Chicago, IL
 
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Sure,

I'll be there and logged in as the 'Archbishop Hedvig Von Dikkeman V'; however, I am not sure how much Jay will respond to our persistent questions.

Should be 'theatre' if nothing else.

Peace

Hedvig/researcher247

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  #81 (permalink)
 Big Mike 
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SpyderTrader View Post
Don't forget everyone, this guys webinar is tommorrow after the market close.

Lets make him work for it and give us as many clues as possible into figuring out how we can code our own "Cluster Dots" for free on futures.io (formerly BMT).

That is very rude of you. If a vendor is selling something you want then buy it.

Making him 'work for it' with the intention of reverse engineering it simply to avoid paying for it is wrong, and you will not be welcome to do it here.

I am no fan of vendors selling indicators, but your intentions are very bad.

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  #82 (permalink)
 researcher247 
Chicago, IL
 
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I was not able to attend in real time.

Very busy week for me and I already have a trading edge intraday and in swingtrading.

Though his symmetry stuff does look interesting; isn't a tool just a tool (or indicator set)?

I believe trade management and psychology along with a repeatable and sustainable edge are more important than any indicator(s) can ever be.

Here is the rebroadcast.

Trading Room Website - Buy Online Trades - Forex Trading, NinjaTrader, TradeStation, Indicators.

peace

hedvig

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  #83 (permalink)
 SpyderTrader 
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Yea it was a very interesting sales pitch, yet it was also very typical of most vendors.....meaning that they cherry pick the charts for the presentation.

The entire webinar was for something called "Cluster Dots" that claim to call the exact high and exact low....to the tick!!!

Does it work in real time?

Well I'm not sure, but he did offer a 3 day trial, with a special presentation to configure the settings and stuff.

I signed up again, and I'll be looking to trade it this time, not just observe.

I will try to record it this time.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #84 (permalink)
 SpyderTrader 
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Well I took another 3 day trial of their JayCluster dots, this week I was able to focus more because I had a pretty good trading month and felt like taking a break.

It was interesting because usually you have to send them a request to participate......this week THEY sent out emails to all their previous trials (I know because I used more than one email address to join....and all my addresses received the same email).

Anyway, it wasn't too bad, they are trying pretty hard to call tops and bottoms, and that completely goes against my style of trading.

Also, last year the cost was $3000.
2 months ago it dropped to $1500.

Now they are offering it in 2 installments of $750 each.

Must not be selling very well?

Heres a screenshot that they sent in their last email.

Would be interested in knowing if anyone else also took the 3 day trial, and what your thoughts are.


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  #85 (permalink)
 researcher247 
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Well,

Not for nothing but Jay should be doing (or one of his minions) CLEARLY stated 'textandmarket' trades in Ninja. Don't cost him a thing to a f*cking measly 1 lot or do it in sim.

That way we can see how those 'angles' that meet dovetail with their method.

Other than that; he is a full of crap vendor who wants his hands in your pocket.

peace

hedvig

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  #86 (permalink)
 Cloudy 
desert CA
 
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Older elitetrader.com thread:

Forums - Jay Wireman scammer


"www.daytradingthefutures.com" is an older site. Scroll down to the bottom and it says "copyright 2009"

His newer site is"www.symmetryindicators.com" (2010)

I saw the Ninjatrader partner webinar 11-17-11 of symmetry indicators. The method shown looks very different than what is shown recently:

recent Ninjatrader partner webinar:
Symmetry Indicators - NinjaTrader Partner Presentations - 5/17/2012 - YouTube

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  #87 (permalink)
 tickvix 
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Jay is a one big BS artist. I had his stuff with my partner for 1 year. Indicators are of no use if you do not know how to trade.
Get to know how to read price and you do not need any indicators.

Gregory.

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  #88 (permalink)
 ohiok5 
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i am going to have to say that jay has helped out my trading alot, as far as i have dealt with him he is very honest and upfront about everything. at one point he said he was not going to sell me his product because i was going thur a bankruptcy and he figured i was very short on money. i had to pretty much prove to him that was all taken care of and i was back on my feet.. that shows me he is an honest guy.

as far as his current products i have from him, they are top notch. buy and sell dots are calling highs and lows and swings in real time not after the fact. his market profile in his room is also very good.

i dont see why people on here have so many bad things to say about him.

the worst ones are the ones that have never even dealt with him themselves.

and no i am not jay, i wish i had his knowledge of the markets however.

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  #89 (permalink)
 rumbero 
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I want to thank all the posts here at Bigmikes for keeping it real. I was considering joining his room but after reading these posts, I will not participate with so called trading gurus making money off Hopium. When you start your trading endeavor please be aware of so called Market Gurus who want to take your money with hopes to make you rich. There is no such thing.
You have to work hard, study and log 1000 hours of chart time. That is the holy grail if there was ever one. Bigmikes is an excellent place to start.

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  #90 (permalink)
 JDNeeman 
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Hello cjsiding

Do uyou have this indicator swing where you can change and put negative numbers?? "swinghi-25 and swinglow+25" or could you address me where to get it for NT.




Thanks....


JD



cjsiding View Post
Well first off i did spend a month in his room last year. With the hardware malfunction and his perfect 20/20 vision of the markets after the fact, I left. After studying his charts and such I came up with the following.

His Institutional numbers are just pivot points. The same as you can get on MyPivots for free. If I remember correctly they are PP-S1-R2.

The main chart is a 2000volume chart with 34ema

His symetry dots indicator is nothing more than swinghi-25 and swinglow+25 for currencies and swinghi-6.25 and swinglow+6.25 for ES.

Hope this helps someone else not to give him a dime.


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  #91 (permalink)
 learning0101 
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JDNeeman View Post
Hello cjsiding

Do uyou have this indicator swing where you can change and put negative numbers?? "swinghi-25 and swinglow+25" or could you address me where to get it for NT.




Thanks....


JD

Hi @JDNeeman,
What about using NT bulilt in swing indi and add it twice make 1 plot transparent and adjust displacement.
Happy Holidays!

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  #92 (permalink)
 JDNeeman 
El Salvador/Israel
 
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@learning0101

my motto applies here, "learning...always learning!! my friend thanks!!!! it did the trick!!!:..

thank you!!...

cheers.

JD




learning0101 View Post
Hi @JDNeeman,
What about using NT bulilt in swing indi and add it twice make 1 plot transparent and adjust displacement.
Happy Holidays!


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  #93 (permalink)
 andrewtrader 
Lithuania
 
Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker: MBT,CQG/AMP
Trading: Forex
 
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cjsiding View Post
His symetry dots indicator is nothing more than swinghi-25 and swinglow+25 for currencies and swinghi-6.25 and swinglow+6.25 for ES.

Can't be. I analyzed charts, can't see any patterns with Swing hi/lo's. It plots levels even before swing happens, so it's not high/low value with offset, must be something more sophisticated.

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 andrewtrader 
Lithuania
 
Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker: MBT,CQG/AMP
Trading: Forex
 
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learning0101 View Post
Hi @JDNeeman,
What about using NT bulilt in swing indi and add it twice make 1 plot transparent and adjust displacement.
Happy Holidays!

method you describe shifts plot on horizontal axis, not vertical. Anyway it's not swing hi/lo with offset, something more sophisticated.

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  #95 (permalink)
 justtrader 
San Francisco, CA
 
Experience: Intermediate
Platform: Ninja Trader, TOS
Trading: es, rty, cl, gc, nq, ym, dax
 
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His MP LVA & LVH do look impressive. Too bad no one inn this forum seem to know how they are calculated.

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 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 125 since Oct 2011
Thanks: 14 given, 76 received

I took the three day trial and really like the new JaySignal
Problem is he doesn't show TF and refuse to send me screenshots of JaySignal applied to TF
He doesn't offer JaySignal-only subscription
You have to pay $400 to get JaySignal and the trade room which I guess you wouldn't need if you are running JaySignal on your NinjaTrader
Anyone subscribed to JaySignal and can share their experience
I'm really hesitant to pay the $400 just to find out it's just doesn't work

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 ghostpipper 
rockford
 
Experience: Beginner
Platform: ninjatrader
Trading: oil
 
Posts: 43 since Apr 2012
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So is anyone using this indicator package and making money ??

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  #98 (permalink)
 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received

Has anyone purchased this guys chatroom and examined his bar type?
All his videos from the month of May have something called SymRenko...would be interested to know if he leases/sells the bar type.

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #99 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 125 since Oct 2011
Thanks: 14 given, 76 received

I did
Rarely works
Don't bother

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 SpyderTrader 
Chicago, Illinois
 
Experience: Beginner
Platform: Esignal
Trading: ES, NQ, Crude
 
Posts: 120 since Apr 2012
Thanks: 12 given, 223 received

You did?
I'm pretty sure the SymRenko bars that he illustrates in videos are not for sale...at least according to the video from 5/27/2015 where he actually says it.
Did you purchase the chatroom or the JaySignal?
And why did it suck?

Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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