1. How long was you a member of NFT for?
I became a member on December 2010 until the site shutdown around September or October 2011. Although the last three months of that period were very confusing, because Henry started trading the ES and he was struggling with that market precisley because on July, when he started trading the ES, the volatility soared and there was only a trending market mainly because of sell-offs.
2. How long have you been trading for?
At NFT we went through a process, at first we only read mental material, then we started watching at the basic videos, then we started doing historicals, afterwards we started watching the live market, but without doing any trading deccision. I started watching the live market excactly a year ago on april of 2011, but as I said, we do not trade yet. We only make calls about the direction or movements of the markets, little by little we move forward signaling possible trades with arrows until we start trading on SIM. I started trading on SIM around the end of May, although soon enough I started feeling frustrated because a month later, the volatility increased a lot, and the speed of the market also increased considerabily. It was until september when the markets started to calm down, when I could apply the knowledge in a better way, although I never stopped watching the markets and trying to SIM trade with that very volatile and fast market of those days.
3. How has you trading been going, are you a profitable trader?
My SIM trading is going well when there are pivoting markets, but I struggle when there are trending markets days. On Febraury 14th of this year I started to keep statistics. My win/loss trade ratio is about 40%. But my payout ratio is around 6:1. So I have very black numbers. The win/loss trade ratio could look low, but as you know this is because you may give some gifts to the market let say two or three two losing trades to accumulate around $200 of loss per contract, but then you have a single winning trade that gives you $500 per contract and you are done for the day finishing with $300 profit. In two months I raised $9000 of profits trading on SIM only with one contract. And this profit could have been higher, but I also went through the stage of moving my stop loss, and some losing trades were big. I have started to overcome that, although sometimes I still move the stop loss more than I should according to the system. And this is because we go through a mental stage that we do not want to accept the loss and we do not want to be wrong about our decision of taking the trade.
4. If NFT was still online, would you continue to be a member?
Yes, I will continue being a member if NFT was still online, if Henry would have not stolen all that money. I think the method is a good method and it works, but it is also confirmed that it is a pivoting market method. You still can use it on trending days and you still can be profitable on those days, but as I said in the other messages it can give you several false signals to enter a trade against the trend making you think the market is about to reverse, but that does not happen. That´s why I want to have a better insight to identify those trending days and especially to know how to trade those days using the method, or even better, what setups to expect to take the trend. I feel I only need to improve on that to start trading with a cash account.
AS you said you must adjust your tick charts according to the volatility of the market or the type of market you are trading. For instace at this moment the 144 tick chart is very good for the TF since the markets right now are not moving fast. But for the ES you cannot trade with a 144 tick chart, you should trade with a 377 or even 610 tick chart. When the market was very volatile and fast on July and August of 2011, the tick chart to trade the TF should have been increased to a 233 or 377 tick chart. Besides your main tick chart that you use to trade, we also have higher time frames charts as support, but this is exactly my question, which time frame chart I must watch when there is a trending day.
As I said that´s why Henry had a lot of troubles when he started trading the ES. He started trading that right at the moment the volatility soared and there were only trending days, and he kept applying the NFT method which is more a pivoting market method. You can still use this method for trending days, but it needs some adjustments and that´s exactly what I want to figure out.
How did you learn this method if you were not a NFT member?
Regarding your english do not worry. My native language is not english, so for sure I am making more grammar or spelling mistakes than you.
I do not know if you would like to discuss this in a closer manner, let say through skype or something like that, in this case we can send each other our skype id through private messages.
Thanks again and it´s been very interesting exchanging this threads with you.
Brilliant yes this discussion is getting very interesting,
I would be more than happy to give you my private contact details, ill PM you now
We can carry this convo on there, but i will give you my view on your issues regarding these trending days and how to look fo the right signals so other people can benefit from this
I dont know your routines ect and how NFt taught you to start you day off, but i have developed my own routine
I do about 1 hr 30 min of prep in the morning, i go through all my charts from a daily to the 144t. Like you i am looking at multiple tick charts ranging from 144t to a 6765t
I look for MAJOR chart patterns and what is likley to be the MAJOR direction for the day, i also play close attention to the MCADbb`s on the 2 largest time frames. If we are over sold/ overbought and were we are on these MACDbb`s. What i mean by this is i basically look at the swings on the MCADbb`s. If you open you charts up and zoom out you can see the average true rang of the MACDbb`s and were we are likely to see a turning point in the market. here is a example below to try explain what i mean
Bit of a crappy diagram but you should see my point :-D
Basically if you play attention to the MCAD when you zoom out you can see likely point were we have reversed before and are likley to do again, i would like to get a developer to plot a ATR for the average over sold and over bought swings on the indicator. When i see we are at these point it normally signals we are going to see a reversal and if we get it we normally get a strong move up of down giving us a trending day in the direction of the reversal on the larger MCAD time frames. I also use some other larger time frames to identify were we are in the market and what is likley to be the possible moves for the day...this is going off the NFT methods though and i don’t want to mess you brain up with what you understand and have been taught already. but this is what works for me
But when I am trading, I don’t normally try and take trades against the direction of the 4181 and 6765 unless we at these turning point and we have a reversal pattern. Then I know we have a huge move on our hands too if all lines up
We can carry this on SKYPE if you like and any one els who is interested I don’t mind if they want to join in too, more the merrier we can all learn together
And a message for everyone on here, DONT MOVE YOU STOPS!!!!!!!
If you get in a bad habit now, it will screw you over like it did me. All you are doing my moving you stops is programming your sub conscious brain to trigger you to move you stops when the market is near them leaving you to fail epically and lose a shead load of cash and it is VERY hard to reprogram you mind not to do this. I had to go into a nuclear World War 3 with myself and brain to get over this so im warning you now
NO MATTER WHAT NEVER EVER EVER EVER move you stop no matter what, on SIM/LIVE just dont ever do it
So easy to say but so frigin hard to do
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
The following 2 users say Thank You to greenr for this post:
The little I have seen about the method, strategy, etc of new futures trading, I really like it. Since NFT is no longer around for valid reasons, does anyone know how / similar training of method, strategy, trading plan is available? I hope for a fraction of the fee or free?
Platform: Ninja Trader, Nexgen T-3 Fibs Pro Trader (Love Them!)
Broker: AMP/CQG & Kinetic
Trading: CL
Posts: 69 since Jun 2010
Thanks: 130 given,
76
received
Go to Horst's site and watch the Free Starter Videos. They have good content, and you can see the 'ole Master, Henry, at work. Beside the links from the site, Horst e-mails more of Henry's old videos upon request. These should be framed in Gold and archived in the Traders Hall Of Fame. Go thru Horst's site and find the request link. Consider being a student of Horst's to learn this method. Heny was a real Master, but a horrible teacher. What he taugt is the best you'll ever see in Technical Analyis (my, not so humble-sorry-opinion). This is the only method I ever saw that claimed you could trade with a precognitive vision. Well, they proved it to me. But hey, I'm just a Duck and I eat bugs and slugs.....ulp!
I'm not a friend of Horst. I don't even know him and I have nothing to gain from his success.
Trader Duck
Thanks Trader Duck! I've looked at Horst's site. A couple of folks who took his training say that he does not allow students to record the training sessions. Also, there's not training materials / trading plan. Either you can take good notes on your screen 2) you have a good memory to remember all he teaches for $5K. I would have no problem paying that if it meant I walked away with training materials or recordings of the sessions.
I'm also quite surprised that Horst seems to be the only one teaching the NFT method especially if it is that great. I have looked at Nexgen, but don't quite consider it the NFT method.
Is there anyone else out there who is as successful or close to Horst using the NFT method?
Is there anyone who can share a trading plan/rules?
hi barone
be careful of your wishes, see that you trying too hard to get this info.
I almost signed up with nft, had a trial, got some info. Then i came across, on completely different forum, a guy that has gone through the course. We talked and i joined his private group, that he formed with one other guy that was at nft's course. They told me a lot of things, but they were struggling with the results. They wanted to put everything on one chart and not have to use fibonacci tools?? So I actually helped with them in redefining their main indicator, as they were on completely wrong way. Anyhow, I do not think they achieved their goal as I moved on, and am pretty sure that the use some combination of original indicators.
I used to watch Horst's videos all the time and noticed some differences between his entry time and what data was showing, ie it was impossible to enter at levels he was showing during the business hours. That did not stop me from watching others but I was more cautious. My understanding is that he enters at the 'deeps' (75,89%), he looks at formation of pivots and price patterns, and of course, the higher time frames' fibonaccis. Henry's earlier videos talked about the distance of the dot from the rail, which maybe used for continuation/closing of positions.
I hope it helps. good luck on your journey
If you want to learn how to trade, there are better ways to go about it. Said another way, what good will it do you to have someone else's trading plan?
Hey, it can do a lot of good! I would have saved time, money and effort by just following a profitable trading plan. If it's non-profitable, I could fade it instead..
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.
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.
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.
The following user says Thank You to David_R for this post:
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).
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.
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.
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:
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!" )
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
The following user says Thank You to dlatbm for this post:
And this is because we go through a mental stage that we do not want to accept the loss and we do not want to be wrong about our decision of taking the trade. 
