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Anyone know of this service- newfuturestrading.com
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Anyone know of this service- newfuturestrading.com

  #41 (permalink)
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Trader Duck View Post
I've gone to 2-3 webinars every week for 2 years. I went to a New Futures Trading presentation last winter and it was the best one I ever attended. I took the 1 week trial. UNBELIEVABLE. They give way too much good information for free. I have a trading buddy who is a hedge fund manage on wall steet who took the full course. Anyother guy I know who was a floor trader on the CME took the free trial. They both agree with my observation that Henry is the Michael Jordan or Tiger Woods of trading. He is in a class of his own, we think. The guy is a bit of an odd duck in ways, but truely a master at the art of trading. He really cares about his students. I told around ten people about them and 3 bought the full course after taking the trial. They all speak highly of their experience. One says the psychology of trading that they teach has changed his whole life.

Well, now I have heard everything. Please sign me up immediately!

One of my neighbors is what you could call the "Michael Jordan of power trading", as it were. Funnily enough, he doesn't sell trading courses.

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  #42 (permalink)
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Yes, Henry is an 'odd duck'. I do think he cares and to me he understands the psychology aspect better than anyone who teaches.

He has significant weaknesses though and that shows in his students as he beats it in their heads that the 'indicators' are never wrong, just how you interpret them. Well, indicators can typically be evaluated differently and for a new trader who goes through different market conditions you will find it a bit harder than you originally envisioned.

I think his program is worth the funds, BUT you have to be willing to give it 2-5 years of solid work and flexible. I will say again though that the psychology is really good but it is up to you to soak it in or not. Something I struggle with.

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  #43 (permalink)
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Trader Duck View Post
They both agree with my observation that Henry is the Michael Jordan or Tiger Woods of trading. He is in a class of his own, we think. The guy is a bit of an odd duck in ways, but truely a master at the art of trading.

I did a week trial, and never saw him trade live once. Perhaps he does it normally, but I didn't see it.

I think any method of trading can be successful, and as bluemele said, it takes a while to understand the picture you're seeing. I just don't think one needs to pay a few grand to someone to learn. But, to each his own. I think the key is to find something that you can personally identify with, and own it. Take someone else's approach and make it your own, or just do something completely from scratch, but own it. Trying to be just like someone else as a trader is bound to sidetrack us more than it helps.

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  #44 (permalink)
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josh View Post
I did a week trial, and never saw him trade live once. Perhaps he does it normally, but I didn't see it.

I think any method of trading can be successful, and as bluemele said, it takes a while to understand the picture you're seeing. I just don't think one needs to pay a few grand to someone to learn. But, to each his own. I think the key is to find something that you can personally identify with, and own it. Take someone else's approach and make it your own, or just do something completely from scratch, but own it. Trying to be just like someone else as a trader is bound to sidetrack us more than it helps.

I agree, but one thing I see so common on this forum is just pure inexperience. They will build a system and kaboom (live or sim forward). Build another system (kaboom), kaboom, kaboom... Now you are 2-3 years down the road and you say, "Oh, I get it..."

Well, either way you will be kabooming your way through it. I see a great many traders who have the magic system now and just give it a slight change that may last 2 years in the way the instrument moves and now your system is screwing you up psychologically and you have to change and mutate etc..

Either way is good, owning it is a necessity, but the challenge is that few people actually teach the mental aspects and beat it into your head.

Henry is an amazing trader, I have sat in a room where he called trade after trade (not with DOM) with little effort. I do believe he has let himself 'slip' and get out of the 'groove' and I believe he may struggle with some EGO as well, but not sure as he is a little unbalanced.

So, I would not recommend spending it if you can't give it away. But, I think one thing we all need is inspiration and coaching on the mental side which is the biggest challenge. I think Henry does that well in his own weird way...

Henry is an unusual person, but his trading abilities to me are quite good. But, you will not be able to imitate that out of the box and you will have to become your own trader in my opinion.

What do I know... Very little...

Also, I think this is all moot because I think NFT has played its course. I am not certain, but I do not believe they are still doing anything?

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  #45 (permalink)
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josh View Post
I did a week trial, and never saw him trade live once. Perhaps he does it normally, but I didn't see it.

I think any method of trading can be successful, and as bluemele said, it takes a while to understand the picture you're seeing. I just don't think one needs to pay a few grand to someone to learn. But, to each his own. I think the key is to find something that you can personally identify with, and own it. Take someone else's approach and make it your own, or just do something completely from scratch, but own it. Trying to be just like someone else as a trader is bound to sidetrack us more than it helps.

With all the webinars I have attended I have seen so many systems that seem to work. Some are more elegant than others, and in the end it all depends on the individual. I decided to lean to trade by studying systems that were already proven to work. I was taught methods developed by others, tested by many traders and improved upon by the time I adopted them. Similarly, as a chess player, I have found that if I learn an opening developed by Grandmasters that holds up in word class competition, then I do well with it. If I try to develop a new opening of my own, I struggle against tough players. So I've taken the same approach to trading. College students pay what, 10-40K every year for tuition? As traders we should not balk at a much lesser price of tuition for our education. I don't know any doctors or engineers who figured it out for themselves. Ultimatley we will out earn those college grads and our expenses will be much less than theirs.
I consider the expense of my trading education as start up capital. I can't thik of another business that offers the upside potential equal to trading with such a small up front investment.

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  #46 (permalink)
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fluxsmith View Post
This is the first post I've seen about them in that vein, but now that it's out, I too found their website to be extremely corny and was put off by it.

There are a few members of this forum trading based on their system though, and apparently they are successful. It's quite possible that NFT are excellent traders and coaches, who paid some other internet marketer to put together the site "in around 20 minutes". We can't all be experts at everything.

I saw corny things about NFT also. The guy running it seemed high strung and full of himself; there was a lot that turned me off. But, when it came to content, they won me over. Because of things I already had studied, I could see genious in what was presented. I learned more useful information in that one hour presentation than any of the dozens of others that I've seen. My relentless exploration of going to 2-3 webinars evey week for two years paid off when I went to this one. Look at what he teaches, download the Macd bbs on your chart (get them on this forum), and see if what he says isn't true as you scroll through your charts. I found his signals to be spot on and more advanced than anything I've ever seen in technical analysis after 2-1/2 year of full time study.

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  #47 (permalink)
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Trader Duck View Post
I saw corny things about NFT also. The guy running it seemed high strung and full of himself; there was a lot that turned me off.

During the trial week I did, I also got this same basic impression. Nice people, but their marketing just looks "scam"ish. Videos with people standing around a table throwing money in the air? A computer that spits out money like an ATM? Sure, skilled traders can view the markets like an ATM, but it lures in people who have no idea what they're getting into who think it's just "click and get rich."

The information on psychology was good I thought, but nothing too original. Nothing that a good read of "Trading in the Zone" by Douglas won't give you for $30. Also, during the webinars (I think the recorded ones) Henry addresses on more than one occasion how people have a problem learning, and then talks about how they have a problem with Henry's attitude, and etc., etc. Being an educator of sorts myself for several years, I would never bring personal issues like this into a learning environment. It's like he's trying to convince himself that he's right, by telling everyone else who has to sit and listen. He's kind of confrontational, and anyone who would ask a question on the webinar that seemed to question what he was saying would get an earful. For all the talk about staying calm and stuff, it was a bit unnerving to me to hear this.

A couple of things that bugged me is that he addressed colors on charts, and somehow he thinks that the reddish brown color he uses is more conducive to a calmer psychological state or something. Maybe so, but is that really the most important thing? Also, with the indicator he uses, he calls the dots that are the macd values "bb's"... Maybe he knows that the "bb" in the name "macdbb" indicator is actually the bollinger band, which is the "rail" as he calls it, but it kind of bugs me to call it a "bb". These are just personal dislikes though and have nothing to do with the actual service. What's important is not what he calls it, but that he can read it effectively. Personally, I like to use price and volume, along with other tools, and I don't like having 6 indicator windows and one small price window with no volume, but again that's just the method, and if someone can trade effectively using it, that's all that really matters.

I just think too much emphasis is placed on the psychology for someone learning a totally new method of trading. Psychology is important for sure, but when you're just learning how to read 6 indicator windows, perhaps the time in front of the screen is more important. He could be using stochastics, or price and volume alone, or whatever, but the time has to be put in just watching the way the market moves.

I just looked over at bluemele's journal, and he's using this method and doing very well now it appears. So, the trader getting what he's seeing is probably more important than the actual method used, I'm sure many would agree.

Again, this is based on a small sample size and I'm sure it's not always this way, or maybe it is, I don't know.

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  #48 (permalink)
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@josh,

I think you hit it on the head.

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  #49 (permalink)
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bluemele View Post
@josh,

I think you hit it on the head.

Keep up the good trading!

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  #50 (permalink)
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josh View Post
......Also, with the indicator he uses, he calls the dots that are the macd values "bb's"... Maybe he knows that the "bb" in the name "macdbb" indicator is actually the bollinger band, which is the "rail" as he calls it, but it kind of bugs me to call it a "bb"......

The name "bb" is now the common term used for the Macd line dots. The Nexgen folks call them bbs too. I think the owner/develper of Nexgen, John Novak, was the first to present the Macd dots with Bollinger Bands in about 1998 or 9. If this isn't the case, somebody please let me know. I'm very curious. Henry with NFT turns a lot of people off for a lot of reasons, but if you get past that, you might find the genious behind the guy. His discovery of Macd signals are accurate enough that using his method, you can explain every pivot of the market and see it coming. It's really the best information and most accurate signals I've ever seen in technical analysis.

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