NexusFi: Find Your Edge


Home Menu

 





Anyone know of this service- newfuturestrading.com


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one bluemele with 24 posts (31 thanks)
    2. looks_two josh with 13 posts (13 thanks)
    3. looks_3 booker777 with 10 posts (3 thanks)
    4. looks_4 Trader Duck with 9 posts (5 thanks)
      Best Posters
    1. looks_one neilzep with 2 thanks per post
    2. looks_two bluemele with 1.3 thanks per post
    3. looks_3 josh with 1 thanks per post
    4. looks_4 Trader Duck with 0.6 thanks per post
    1. trending_up 46,225 views
    2. thumb_up 90 thanks given
    3. group 24 followers
    1. forum 118 posts
    2. attach_file 4 attachments




 
Search this Thread

Anyone know of this service- newfuturestrading.com

  #111 (permalink)
 BarOne 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, TF, 6E, 6B, QM
Posts: 25 since Nov 2010
Thanks Given: 2
Thanks Received: 23

dlatbm, Josh and fourtiwinks thank you for your posts!

dlatbm - not sure what you meant by "be careful for your wishes"?

I would like to clarify as to what I am looking for. I like the NFT / Horsts trading method, charts appear clean...the ones he shows. Having read all the posts/journals, it is a trading style I would like to adopt.

I am really looking for the "trading rules" which is often part of ones trading plan. I am sure all of you have heard of the turtle traders.

Once I have mastered the trading rules with sound money and emotional management, it is a matter of making the trading style to fit my personality...at least this is my thinking...happy to learn from those who are consistently profitable.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Request for MACD with option to use different MAs for fa …
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
67 thanks
NexusFi site changelog and issues/problem reporting
47 thanks
Battlestations: Show us your trading desks!
43 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
31 thanks

  #112 (permalink)
 dlatbm 
Sydney Australia
 
Experience: Advanced
Platform: SierraCharts, NT
Trading: ES,TF,CL, SPI,
Posts: 73 since Nov 2010
Thanks Given: 6
Thanks Received: 23

ok last point
it will hard to find people to tell you the exact rules, just as well they may write them into a program and fully automate. I do not think this is a methodology that leans itself to do that. As you said yourself, about people that attended Horst's course, they did not even get any training material. Remember he was a trader for a number of years before he started trading this way and then it took him a while to be successful.

Reply With Quote
  #113 (permalink)
 BarOne 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, TF, 6E, 6B, QM
Posts: 25 since Nov 2010
Thanks Given: 2
Thanks Received: 23


dlatbm - thanks. That's very unfortunate that I won't be able to find people to share their trading rules I thought this forum was for traders to help traders.

As for why Horst doesn't provide trading materials, I don't believe it's because of the method doesn't lend it's self to rules. I believe he doesn't want it being shared. It's the same reason why he won't let students record the training sessions.

Reply With Quote
  #114 (permalink)
 
David_R's Avatar
 David_R 
San Jose, Ca
Legendary Market Wizard
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
Posts: 1,582 since Nov 2009
Thanks Given: 2,335
Thanks Received: 2,524


BarOne View Post
dlatbm - thanks. That's very unfortunate that I won't be able to find people to share their trading rules I thought this forum was for traders to help traders.

As for why Horst doesn't provide trading materials, I don't believe it's because of the method doesn't lend it's self to rules. I believe he doesn't want it being shared. It's the same reason why he won't let students record the training sessions.

This forum is for traders helping traders. The NFT method is not part of this forum. Even when there were users of the method on the forum they would not share specifics. Even when NFT was dissolved they still won't share. Horst charges almost 5K for his course. There are others on YouTube doing the same Schtick that also charge, some more than others. It appears they all trade on SIM, so no emotions to deal with. I'd say find another method or devise your own and "F" the NFT Aholes that are greedy.

Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to David_R for this post:
  #115 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,215 since Jan 2011
Thanks Given: 6,740
Thanks Received: 18,113


BarOne View Post
dlatbm - thanks. That's very unfortunate that I won't be able to find people to share their trading rules I thought this forum was for traders to help traders.

You can find many "systems" threads here, complete with trading rules. But you are talking about a group (in NFT) that was led by someone who is a huge fraudster, who stole hundreds of thousands of dollars from people for "investments," and who is the poster child for "what goes around comes around." And you are talking about videos by a guy, Horst, who I personally once defended because he was a nice guy--but in one or two of his videos a long time ago I noticed that he was getting filled at better prices than possible, so they are fake. So, you are not going to find a lot of people who are still following this method to trade.

As for people sharing--people here are more than willing to share. However, have you done any of your own research? Have you searched futures.io (formerly BMT) for "trading plan"? I did and found these:



Sharing is great, but handouts won't help you as much as being willing to do some work on your own. Your trading plan should contain things specific to you, not a list of rules for you to follow like a robot. It is personal, and therefore no one else's trading plan will be fit for you without modification. But I suspect you can find some good ideas in the list above when you search futures.io (formerly BMT).

Reply With Quote
  #116 (permalink)
 toulouse-lautrec 
Europe
 
Experience: Beginner
Platform: NinjaTrader
Posts: 73 since Jun 2009
Thanks Given: 13
Thanks Received: 53

the method is simply all about analysing momentum on multiple time frames.
to read the momentum, you use the macdbb indicator, looking for certain patterns. that's what is being described as "on the rail", "hockey stick", etc.
initially you start out reading the momentum on just one single timeframe. later you add (higher) time frames. the challenge is really to correlate multiple time frames and be able to see when they align properly for a trade.
finally, to enter, you look for confirmation in the form of price action forming patterns on your lowest time frame ("head and shoulders etc")
There is also some fibonacci in the mix.

the little nuances and patterns of the macdbb form the core of the method. i don't think anyone ever came up with an exhaustive encyclopaedia of these, but if you are looking to learn them i would start out with the nexgen vids on the macdbb which explain the basics very well.
there is nothing magic about macdbb, any momentum indicator should work. look at woodie's cci patterns for example (woodie however does not do multiple time frames as far as i know).

as far as the fibonacci part is concerned, i think you should learn it from someone else.

Reply With Quote
  #117 (permalink)
 booker777 
Augusta, GA
 
Experience: Advanced
Platform: NT
Trading: ES, TF
Posts: 100 since Feb 2011
Thanks Given: 36
Thanks Received: 24

I actually started this thread as I was interested in the NFT system as well but got little information. What I found was that traders paid thousands of dollars for that information and understandably they weren't interested in just giving it away. Also I have not found any hard evidence that the methodology works. There have been a couple of futures.io (formerly BMT) traders who have journaled the strategy on a daily basis, but I think they ultimately struggled with the consistency of it. Horst did come on this thread and defended it and defended the founder Henry, but I wasn't prepared to lay out 10K without more proof. The site soon closed and apparently Henry lost money trading so that doesn't exactly exhume confidence in it despite some members giving it a glowing recommendation. Furthermore I think he is on the run from the law if I understand his legal troubles correctly. Be that as it may, if you find anything substantial about it, I would be interested. Good luck.

Started this thread Reply With Quote
  #118 (permalink)
 BarOne 
San Francisco, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, TF, 6E, 6B, QM
Posts: 25 since Nov 2010
Thanks Given: 2
Thanks Received: 23

Thank you all for your feedback and comments! It is really much appreciated. Yes I will admit it, I'm a struggling trader that has hopped from method to software, to indicators, to method....

Along the way I have learned a lot more about myself and what I like about trading. I know that once I find a method that I really like staying disciplined with it will not be an issue.

I realize this may not be the place and should really start my own journal, but till I find my method here are things I like with regards to charts and instrument:

Instrument
- TF

Trading time:
- 6:30 am to 8:00 am PST

Trading plaform
- NinjaTrader

Broker:
AMP Futures

Charts Setup
- 144 tick, although I have been looking at the 189 tick and starting to like it quite a bit
- 440 tick and 1597 tick as larger time frames to determine overall market direction

Indicators:
- I do like the BBMACD, but I don't think it is enough. This is where I struggle to find an indicator that is a navigator and a confirmation for trading what I see and not what I think.

Number of trades per day:
- 3

Daily goal:
- 2.4 to 3 raisins (yes, as a kids I loved raisins besides they are good for you, "got iron!" )

Reply With Quote
  #119 (permalink)
 dlatbm 
Sydney Australia
 
Experience: Advanced
Platform: SierraCharts, NT
Trading: ES,TF,CL, SPI,
Posts: 73 since Nov 2010
Thanks Given: 6
Thanks Received: 23

ok, as you can see there are lots of good people here

draw fibs (include 11 and 89%) from overnight session only
it is going to be a good to see lines that will work for the first 1-1.5 hours
once the session starts watch for 11/89 and/or 23.6/76.4
if you are using amp cqg - that is a good data feed u should see at around 8.33/9.33am a formation of a pivot on 19/8(your date 8/19)
u can see it on 144 ticks, i fu enter at 1019.4 approx, and exit 89% 1022 u got 2,5 points
the above is nft stuff
I also started to use 3 ticks range as it easy to see volume (not so clear on tick charts) and sometimes the pivot formation is clearer as well
I use 3 kc 89,3 and 6, and 40,3
at the moment i monitor data using 4hour market rhythm method adapted to tf and 6j - i have added HMA 14(most of the time.) this method uses ema 8,21, 89, 365,sma200. if u use kc89 it is already your 89 ema
I have vol with hma 18 on the volume for the 3 range charts
Observe 3 range reversals when it changes directions when the price is away from hma14 you will see why i like it
it reminds of ES data but on TF

Attached Thumbnails
Click image for larger version

Name:	nft_4hrmr_dl.PNG
Views:	367
Size:	254.0 KB
ID:	121428  
Reply With Quote
The following user says Thank You to dlatbm for this post:





Last Updated on August 20, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts