Top Dog Trading (www.topdogtrading.com) - futures io
futures io futures trading



Top Dog Trading (www.topdogtrading.com)


Discussion in Trading Reviews and Vendors

Updated by TraderYoda
      Top Posters
    1. looks_one Cloudy with 7 posts (10 thanks)
    2. looks_two bnichols with 4 posts (12 thanks)
    3. looks_3 tosmonkey with 2 posts (0 thanks)
    4. looks_4 Ken F with 2 posts (8 thanks)
      Best Posters
    1. looks_one Ken F with 4.0 thanks per post
    2. looks_two bnichols with 3.0 thanks per post
    3. looks_3 alias5 with 3.0 thanks per post
    4. looks_4 Cloudy with 1.4 thanks per post
    1. trending_up 25,830 views
    2. thumb_up 48 thanks given
    3. group 21 followers
    1. forum 31 replies
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Top Dog Trading (www.topdogtrading.com)

(login for full post details)
  #31 (permalink)
KNOXVILLE TN.
 
Experience: Advanced
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym
 
Posts: 561 since Mar 2012
Thanks: 116 given, 304 received


vegasfoster View Post
I watched the 5 day video and it was pretty good. That said, the whole 5 day concept didn't make any sense to me and I didn't learn anything new, but he pulled everything together into a complete method. I wasn't especially motivated to purchase anything beyond the free info though and I also didn't care for the hard sell I got after the fact. One thing is they kept sending me subsquent emails with lower and lower prices on their training videos. I don't know if they have the same marketing strategy, but if you are interested you might try waiting a week or so after you watch the videos and see what happens, you may be able to get it for a lot cheaper.

i did not get much out of it...most of the stuff you can get free...

Reply With Quote
The following 2 users say Thank You to forgiven for this post:

Can you help answer these questions
from other members on futures io?
Cumulative Bid/Ask Chart resets after 2Billion
MultiCharts
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
Scan by comparing SMAs within 5 mins
ThinkOrSwim
Do you trade on Sundays?
Emini and Emicro Index
NT8 trade the plan: access to the divergence indicator signals (sharkindicators)
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
184 thanks
Micro account vs Funded account (combine)
52 thanks
Are sharks watching on the other side?
32 thanks
Market profile entries/exits
25 thanks
Spoo-nalysis ES e-mini futures S&P 500
21 thanks
 
(login for full post details)
  #32 (permalink)
Hampshire / United kingdom
 
Experience: Intermediate
Platform: NinjaTrader
Broker: FXCM
Trading: Forex (Spot)
 
TraderYoda's Avatar
 
Posts: 65 since Mar 2015
Thanks: 32 given, 33 received


bnichols View Post
IMO pretty much all a beginner can take away from a discussion of this sort is that different folks use different systems, and that at some point it's up to the beginner to bite the bullet and start using one and preferably several of them in order to truly grasp whereof the others speak. The value of evaluating a number of systems for one's self lies in different perspectives provided by different approaches to a common goal. IMO there are 2 seemingly contradictory sides to the issue--on the one hand it's not possible to determine whether a system is right for you based solely on other peoples' experience or advice; whereas I also believe one system is as good as another if you're willing & able to become a disciple.

[As a sidebar I should probably point out the propensity not to accept opinion no matter what the authority until one has proven it for one's self is not a universal character trait and not necessarily a good thing even if good can come from it. In fact this trait often has a downside of which I became aware while still a toddler. By ignoring repeated commands for example not to touch the hot stove, play with knives or climb onto the roof of the house I came to learn there might be no harm in accepting one's parents' advice at face value occasionally, particularly if they are screaming].

I studied a number of systems including most described on this site more or less systematically before stumbling across BB, and stuck with BB simply because it seemed to fit me and my target market (shortish time frame spot currency) best, the possibility aside that while its cost was immaterial to me it may be a factor for some. This doesn't mean I ignore components of Fat Tails, Al Brooks, Perry and other systems (e.g. particularly when trying to estimate market sentiment or pick a precise entry) because IMO the latter made a science out of these aspects of trading. Unfortunately I'm not capable of the kind of focus required e.g. to evaluate price action tick by tick for any length of time--makes me want to tear my hair out--but don't deny that others are, and thereby make an excellent living trading relatively large dollar amounts per tick for a few points at a time. There are caveats, exceptions to the rules and some degree of hand-waving in all of the systems I've tested--none of them do the trading for us--but IMO this is simply indicative of what the trader needs to bring to the table; namely, an ability gained from experience to resolve apparent ambiguity inherent in the chosen method.

To summarize, what seems obvious to me is the market is the only given. It therefore also seems obvious a system that demonstrates positive expectancy for one trader must have elements in common with another system that performs as well for another trader. In other words, the debate over which system is superior reminds me of the debate between the blind men over the characteristics of the same elephant, in that all systems attempt to make sense of the same thing yet from somewhat different perspectives. For example, it seems to me qualitatively that Al Brooks microtrend breakouts, H/L 1&2 refer to approximately the same phenomena as BB's mini divergences in stochastics. In general it's not the difference in detail that matters as much as whether the approach strikes the proper chord in the brain of the trader, promotes objectivity within a trader's field of perception.

ETA: I want to add as an addendum that for me the process of learning a system, perhaps becoming a "disciple", has been iterative rather than a one-step process. While trading a system causes changes in the brain that reinforce original learning and improve execution I also forget things and pick up or resume bad habits that degrade performance, and a periodic review of all the systems I have some knowledge of helps determine whether I'm backsliding, often explains why profits are beginning to degrade. In addition, when reviewing the material I pick up nuances that I missed the first time through that contribute to the system's edge, and seem to come away with a deeper appreciation of what I thought I already knew. While in the early days I dismissed MACD and stochastics as beginner tools, too simple for Serious Traders, these days I'm almost in awe of them. This is as true of BB as Al Brooks' system, IIRC Brooks himself making a claim something to the effect that the amount of information in a 5 minute chart is far vaster than he can use. I'm guessing the treasure trove of info may not have been apparent to him the first time he looked at a chart


@bnichols

Excellent points /opinions!!

Thanks very much

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Top Dog Trading (www.topdogtrading.com)


December 31, 2016


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts