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Anyone know of this service- newfuturestrading.com


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Anyone know of this service- newfuturestrading.com

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  #1 (permalink)
Augusta, GA
 
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Looking for anyone who knows anything about it or ideally has subscribed to tell me about its validity. Newfuturestrading.com. Tks

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  #3 (permalink)
CA
 
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I wouldn't give these guys any money just due to the cheesy video they put under the link, "success."

Andrew

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  #4 (permalink)
San Jose, Ca
 
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booker777 View Post
Looking for anyone who knows anything about it or ideally has subscribed to tell me about its validity. Newfuturestrading.com. Tks

I am pretty sure that Bluemele's journal is based on the method they teach. This link should take you to one of his videos.

D


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  #5 (permalink)
Houston,Tx
 
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booker777 View Post
Looking for anyone who knows anything about it or ideally has subscribed to tell me about its validity. Newfuturestrading.com. Tks


Why don't you try their free trial and report back.

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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  #6 (permalink)
Honolulu, Hawaii
 
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Yes, I have used them for a while. Quite a few of the students also read my blog and laugh, so please don't use my success level as a guage. haha... (especially this last week!)

They are not cheap compared to some, and I have tried probably about 5 futures trading vendors and numerous forex and feel their teaches are as good if not better than most.

Henry, the founder is a pretty 'intense' human being, and he doesn't approach things in a typical manner. You will probably see that in the classes for free. He tries to break you down, but I think struggles with the 'building you back up' part of the brainwashing aspect.

I don't get their marketing either, but hey, for some reason they believe cheese must be served with trading futures? haha....

Alls a VENDOR has to do is show a financial statement, show live trading every morning (not trade calling) and you will have 10,000 students waiting in the wings! Nobody does it for one reason for another......

When I become profitable and consistent I will train people for free. Life is about more things than money, or at least I have been led to believe that since being able to grow a beard.

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  #7 (permalink)
Augusta, GA
 
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Thanks everyone for pointing me in the right direction and thanks Blue for the comments. Ill direct further comments on your thread

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  #8 (permalink)
Chicago Burbs
 
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booker777 View Post
Looking for anyone who knows anything about it or ideally has subscribed to tell me about its validity. Newfuturestrading.com. Tks

Hi booker777,

I've been a student there for 4 years. You ask about the 110% unconditional money back guarantee. It's true and it's not a bunch of hooey. Henry is an honorable man, and if he says its so, well, then it's so. Fact is.....there is a "no trader left behind" mentality in place. Ahem....hi Gil. .... As far as I am aware, no one was ever thrown out at the end of the year if they were making an honest effort and were participating to advance their education.

Why the 3 names? Strictly marketing. "Third Realm" in German google results, returned
'Third Reich"......needless to say that didn't go over too well. ........Henry is an honest man and has never screwed anyone.

Tuition for the year some say is expensive. .....Really?.....How can anyone put a price tag on learning the most profitable business in the world at the professional level? ....How long does it take, some might ask......How can anyone put a time frame on acquiring the necessary knowledge to do business on a professional level with the most lucrative business in the world. Even if someone were to only set their sights on being a surgeon or an attorney just to use an example of a lucrative profession. How much does that education cost and how long does it take to get that degree? And the most interesting question of all......does anyone think they can get their degree by watching dvd's, reading books on everything related or asking their buddies and comparing notes? If they do, then I wouldn't want them performing open heart surgery on me or representing me in a lawsuit if something went wrong. Does anyone really think they can compete with professional traders without the proper education? ......Sorry rhetorical question......

ThatManFromTexas quoted "Why don't you try their free trial and report back." ..... I would say that is a grand idea. Spend 7 days with NFTI and post your honest feedback on what your evaluation concluded. Take it for a test drive and then tell us what you think. Maybe its for you, maybe not, Everyone is different. You need to find what is right for you.

Horst

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  #9 (permalink)
Augusta, GA
 
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Thanks for your input. Its nice to get a good review of them. I am curious if you dont mind sharing, i assume you are steadily profitable. How hard is the system to learn and understand and how long did it take to learn it. Its a bit fantastic to suggest that you can make money nearly every day of the year as Henry suggests it can be done. I enjoy Gil's blog but am wondering how many students are in his boat versus the superstar's. Anyway tks for the update. Unfortunately i already took the 7 day valuation but couldnt take advantage of it like i should so was hard to get a felling.. Tks again.

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  #10 (permalink)
Chicago Burbs
 
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booker,

The system is not difficult to learn. The difficult part is how open are you to restructuring your mental behavior. The technicals should take 3-6 months to learn depending on your study habits and how well you follow directions. No one is allowed to trade live market until they receive Henry's blessing. This is the biggest hurdle regarding technicals. Common misconception is that the more SIM and screen time with live market the better. There is nothing further from the truth. Simming live market before someone is ready only instills bad habits and adds more baggage into the learning curve. If someone can't tell what the market is going to do next with a dead chart, how can they tell what's going top happen next when the bars are moving? This is where most get lost due to the "this is ridiculous" mindset.......I was one of them. Not until I took this seriously, did I start making progress. I took 3 months off of trading and did nothing but historicals. This consists of admiring and marking up what the market does and how it moves day in and day out with a non live chart. Admiring perfect entries and exits and burning them into the sub-conscience. Getting in at the tippy top and exiting at the tippy bottom. How long does this all take? How bad do you want this and how well do you follow directions? The answer is within you.

Then there is the psychological aspect of trading which is covered extensively. In fact it is the first issue that is addressed. Again as to a time frame, how long does this take? The answer also lies within you. How well can you overcome your sub-conscience bad habits. How well do you follow directions? How honest are you with yourself? This is the most challenging part for a trader with a little unsuccessful time under his/her belt. Basically a total reprogramming is needed to chase away all the fear, anger, greed, ego and what else there might be that would impede being on that perfect mental plateau necessary for consistently profitable trading.Who' s the boss, you or your sub-conscience? This question means everything.

You mentioned that "it's a bit fantastic to suggest that you can make money nearly every day of the year" ....maybe you missed the student videos on your 7 day trial but I documented 30 days consistent trades on video. It's not a suggestion....it's a fact.

How many students are successful you ask. Honestly I don't know the numbers. I only go by what I see. There are a lot of students that aren't very social. They do their thing and move on. There are a few students that come to mind that pop up after they are gone and it's a ...hey I remember them type of scenerio..... One in particular would be Chris Dunn of eMini Academy.

I can say however that the program has been fine tuned to the degree that I notice the difference of now and then. I see some of the newer students and have said to myself quite a few times...wow this guy has been here 3 months and he is already where I was at on my 1 year mark. Henry has fine tuned the curriculum 100 fold and the progress time table seems to be at warp speed....OR ......I was a difficult student and didn't follow directions. Probably a little of both....Ok a lot of the latter

Ask for another 7 day, Henry is fair, tell him why you couldn't take full advantage.

Horst

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  #11 (permalink)
Honolulu, Hawaii
 
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I would agree with Horst on most of these things. Now, a part of me of course chooses to defend myself and I also know there is the aspect of everyone is differnt. (Oklahoma spelling)

After having gone through many systems over the last couple years from technical to fundamental trading then I do believe like anything you get better over time. Horst specifically is helping me overcome some things but also teaching me to see things a little differently as someone who might have come from the same place. I see a different level of trading in him vice others and I would say that is from the time spent doing the method, but I could be wrong. Like I mentioned before, there is the possibility to really make a profitable start and no looking back.

I truly wish that for anyone, but I do believe that if you set those 'expectations' than many will be disappointed much like I was. I have a higher than average IQ, Millionaire by the time I was 30, Former Special Forces and a high achiever in everything I have done. My problem is actually following what someone tells me to do or to go along with the crowd!

Horst helps students as he is what I would almost call a MASTER Trader in my book. I believe trading is like a wine, gets better with age and letting it breathe a little longer is never a bad thing. It could be the most fantastic bottle its first year, while others truly get better over time.

Every trader wants to think they will sit back and collect a check because they invested money in a program etc... That was not me. For me it was the opposite over pushing myself to the extreme and having too much EGO. You may have other issues, but I think Henry is good at helping you see those possible issues.

I do not know of a better course in my opinion. Just watch Horsts Vids if you get back into the website and I think you will enjoy it. It is very motivating.

Henry has not kicked me out.... YET!

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  #12 (permalink)
us
 
 
Posts: 45 since Dec 2010

7-10K to learn the MACD-bb on 7 time frames along with the subjective Fibonacci retracement method? God gave you a brain between the ears...USE IT. I left my other comments on Horsts journal,but he didnt like me taking a piss on it so he had a fit along with others. Understandable though,I would too. Cheers,each his own.


Dont like to see the SMALL GUY GET SCREWED BY SHARKS,because futures trading thats pretty much what happens,especially to the newbies. Kapeche? Verstehen sie?

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  #13 (permalink)
stuttgart
 
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So whats you're point Neil? That you are too cheap to get a proper trading education. Great .....suits me well, I thank you. I would assume all the other professional traders out there thank you daily for your contributions as well. Keep buying those DVD's and "How To Trade Books", maybe even join one of them fancy trading rooms.

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  #14 (permalink)
us
 
 
Posts: 45 since Dec 2010

Yep,I am not a Stooge to pay 7-10K for the MACD-bb and bunch of psyche mumbo jumbo. You one of the Stooges that did?

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  #15 (permalink)
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edi025 View Post
So whats you're point Neil? That you are too cheap to get a proper trading education. Great .....suits me well, I thank you. I would assume all the other professional traders out there thank you daily for your contributions as well. Keep buying those DVD's and "How To Trade Books", maybe even join one of them fancy trading rooms.


Curley???? is that you?????

“The more I am around people, the more I love my dogs.” ~Author Unknown
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  #16 (permalink)
Honolulu, Hawaii
 
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Hey, I think it really comes down to a philosophical difference in my opinion. I agree, everything is between your ears, and I also agree that coaching can take you there that much quicker. I honestly question why someone charges if they are a profitable trader as well, and I have yet to understand why Henry does and only he can answer that question.

The key to me that is nice about the higher price tag is that maybe it is substantial enough to keep people running from one system to another? Maybe not. It has kept me from running to and fro or at least somewhat.

I agree that there are way too many scumbags in this business, but there are some good traders as well. The challenge is how do you impart the good trading upon your students as effectively as possible.

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the coin hunter
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neilzep View Post
.... Kapeche? Verstehen sie?

capiche

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  #18 (permalink)
Houston, TX
 
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neilzep View Post
Kapeche? Verstehen sie?

Capire (to understand)

Capisco (I understand)

Molto Grazie!

After all, it's what you learn AFTER you know it all, that counts!
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  #19 (permalink)
Legendary Market Wizard
Georgia, US
 
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neilzep View Post
Yep,I am not a Stooge to pay 7-10K for the MACD-bb and bunch of psyche mumbo jumbo. You one of the Stooges that did?

The only real reason I can figure that someone would talk the way you're talking is either:

1) You've tried NFT, got "ripped off" because you didn't have success, and you have a grudge
2) You've been "ripped off" by someone else, and you have a grudge against anyone selling anything

People who haven't been "screwed" don't have such animosity towards people who sell something. If you genuinely wanted to help people, your tone would be more, well, helpful, and less aggressive towards a particular vendor.

I started a thread here on futures.io (formerly BMT) called something like "Friendly Challenge to Vendors" where I asked why any vendor would sell a trading system if it made money. So I'm as skeptical as anyone. But as much as you believe NFT has an agenda, you have given no proof or grounds for it, and for someone to go around bashing a particular method or vendor means you have an agenda too; people don't just go around doing that. Sounds like you belong over at elitetrader or something, where everyone's got something up their you-know-what.

What good vendors do is provide a structure, a framework, to traders who need it. There is no secret to the indicators here, or the price action, and it's not marketed as such. The key is the trader who uses the indicators, and from what I have seen, this is the focus of the NFT folks--developing the mindset of the trader. I've never bought a "system" or trading education, and maybe I never will, but for those who choose to, I wish them success, and maybe I'll be one of them soon.

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Market Wizard
Coos County New Hampshire
 
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thread. I saw all the posts for "Horst's Trades" running through the chatbox and clicked over there for a dramatic reading. We seem to have posts ranging from shill to demigod. I had a couple thoughts that I will keep to myself. But the best part, of threads with there posts, is that they make you think about your own trading. And I have concluded that most maturing traders have the world by the balls and don't know it.

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  #21 (permalink)
Honolulu, Hawaii
 
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josh View Post
The only real reason I can figure that someone would talk the way you're talking is either:

1) You've tried NFT, got "ripped off" because you didn't have success, and you have a grudge
2) You've been "ripped off" by someone else, and you have a grudge against anyone selling anything

People who haven't been "screwed" don't have such animosity towards people who sell something. If you genuinely wanted to help people, your tone would be more, well, helpful, and less aggressive towards a particular vendor.

I started a thread here on futures.io (formerly BMT) called something like "Friendly Challenge to Vendors" where I asked why any vendor would sell a trading system if it made money. So I'm as skeptical as anyone. But as much as you believe NFT has an agenda, you have given no proof or grounds for it, and for someone to go around bashing a particular method or vendor means you have an agenda too; people don't just go around doing that. Sounds like you belong over at elitetrader or something, where everyone's got something up their you-know-what.

What good vendors do is provide a structure, a framework, to traders who need it. There is no secret to the indicators here, or the price action, and it's not marketed as such. The key is the trader who uses the indicators, and from what I have seen, this is the focus of the NFT folks--developing the mindset of the trader. I've never bought a "system" or trading education, and maybe I never will, but for those who choose to, I wish them success, and maybe I'll be one of them soon.

Josh,

You are spot on. One of the things that Henry (NFT) is good at is teaching the importance of being emotionally fit for trading. I think one other big advantage of trainers and programs is that you know that you are not alone. I do not believe one system is better than another, but for most traders including myself, learning the basics sometimes has to come from a coach.

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  #22 (permalink)
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Rofl newfuturestrading.com is HILARIOUS watch some of the videos... THEY DO BUSINESS WITH THE MARKET! BRO! domains by proxy rofl.. Anytime you see a website that looks like it was designed by an internet marketer in around 20 minutes flat... with videos containing pictures of bank vaults and $500,000 signs run run run far away...

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  #23 (permalink)
Santa Maria
 
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nverstop View Post
Rofl newfuturestrading.com is HILARIOUS watch some of the videos... THEY DO BUSINESS WITH THE MARKET! BRO! domains by proxy rofl.. Anytime you see a website that looks like it was designed by an internet marketer in around 20 minutes flat... with videos containing pictures of bank vaults and $500,000 signs run run run far away...

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.

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  #24 (permalink)
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YouTube - New Futures Trading
If you look at legitimate proven trader websites like tradingtribe.com by Ed Seykota a proven master you'll notice a common theme. Trading is not a quick get rich profession. Trading is hard as hell to be good at. Trading requires intense work and study.

Read the Market Wizards books and the theme prevails thoughout those too.

And here you have a website claiming that its easy to turn your pc into an ATM... I think anyone who has at least 20 years of life can figure out the game here. If not then they still have plenty of time to remake the money they will lose

One of the things that pisses me off about forums in general dedicated to trading is this belief that with discipline and emotional control almost any method can be profitable. But this spits in the face of the billions of dollars a year the giant firms spend on developing methods and traders.

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Legendary Market Wizard
Georgia, US
 
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nverstop View Post
YouTube - New Futures Trading
If you look at legitimate proven trader websites like tradingtribe.com by Ed Seykota a proven master you'll notice a common theme. Trading is not a quick get rich profession. Trading is hard as hell to be good at. Trading requires intense work and study.

Read the Market Wizards books and the theme prevails thoughout those too.

And here you have a website claiming that its easy to turn your pc into an ATM... I think anyone who has at least 20 years of life can figure out the game here. If not then they still have plenty of time to remake the money they will lose

One of the things that pisses me off about forums in general dedicated to trading is this belief that with discipline and emotional control almost any method can be profitable. But this spits in the face of the billions of dollars a year the giant firms spend on developing methods and traders.

Two disclaimers: I have never bought a trading system, and likely never will. And, I am not currently an experienced or profitable trader. I admit to such, and humbly will receive whatever ass-kicking from the market comes my way to learn from it. I've had some great sim days, and some bad sim days. No one should ever listen to my trading advice.

With that said, from what I can tell, you yourself are not a profitable or experienced trader either, yet you poop on others and speak like you've been at this for a long time. You could be completely right, I just think you set yourself up for catastrophe when you speak with such conviction about everyone else and their problems, when you yourself have not yet "arrived." You blast people for looking on forums for trading advice, yet you read books for the same reason, don't you? I completely agree with everything you've said regarding trading being intense work and study, not an overnight thing, etc., but the thing is, how would you know, have you been down the long road yourself and do you have a proven track record?

Me, I'm just trying to figure everything out. I mean no ill will whatsoever by the post. For the record, I did try the NFT trial for a week and learned some great things, but the whole thing is not for me personally. And yes, the web site is very non-professional and cheesy. Again, I wish you a good weekend and please take no offense from my well-meaning post.

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  #26 (permalink)
New York
 
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Well, I don't read or post that much in here, but I have noticed a lot of posting on this thread as well as Horst's thread. I did look at their website just out of curiosity and the thing that would concern me is there is no physical address for them at all or at least I couldn't find one. Most website companies have a physical address in the contact us link or tab, not the case here. I use to own two very profitable companies with websites and I am very knowledgeable on website marketing, security policies and scam protection. Not having a physical address on this website is a HUGH red flag for me. If you wanted to exercise your money back guarantee and faced resistance and had to contact the AG's office it would be very difficult to track them down in a legal battle. If I have overlooked the address then I apologize. There is a lot of controversy regarding Horst and NFT and I have always maintained the position that trading is not an easy business and attempting to learn someone else's methodology is not in your best interest, especially in spending $10,000. This is just me and my point of view, good luck and good trading.

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josh View Post
Two disclaimers: I have never bought a trading system, and likely never will. And, I am not currently an experienced or profitable trader. I admit to such, and humbly will receive whatever ass-kicking from the market comes my way to learn from it. I've had some great sim days, and some bad sim days. No one should ever listen to my trading advice.

With that said, from what I can tell, you yourself are not a profitable or experienced trader either, yet you poop on others and speak like you've been at this for a long time. You could be completely right, I just think you set yourself up for catastrophe when you speak with such conviction about everyone else and their problems, when you yourself have not yet "arrived." You blast people for looking on forums for trading advice, yet you read books for the same reason, don't you? I completely agree with everything you've said regarding trading being intense work and study, not an overnight thing, etc., but the thing is, how would you know, have you been down the long road yourself and do you have a proven track record?

Me, I'm just trying to figure everything out. I mean no ill will whatsoever by the post. For the record, I did try the NFT trial for a week and learned some great things, but the whole thing is not for me personally. And yes, the web site is very non-professional and cheesy. Again, I wish you a good weekend and please take no offense from my well-meaning post.

Not really speaking with convictions about alot just airing my personal opinion is all. I should have stated IMO. The question about how would I know if trading was a hard thing or not... well I guess I just formed an inference based on the relatively high # of failures in trading and also from what has been said by some of the best traders in history. I have not read about one where they said it was easy but rather that it usually took years. So no I don't know personally but alot of people talk about things they don't know from personal experience(for example any paper written by a student in college, graduate school, etc) but their opinion can be right assuming they consulted numerous sources on the subject. For example I may not personally know how long it takes to become an engineer but from looking at how much schooling is required and talking to full time engineers I can be fairly safe in my prediction.

And IMO my last statement simply refers to a common theme I see in trading forums. But in reality discipline, "trading psychology" won't turn a negative expectancy into a positive one. Need no experience to state this.

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nverstop View Post
But in reality discipline, "trading psychology" won't turn a negative expectancy into a positive one. Need no experience to state this.

But except in the case of a black box, completely hands off, system where psychology is not a factor at all, any trading system's expectancy is based on discretionary decision-making by the trader, which is very much related to psychology. Thus, except for a black box system, which is not really trading at all, expectancy is most definitely related to "trading psychology." This is why even a very mechanical system can have varying levels of success depending on who trades it. At least, the logic makes sense to me that way. Would you disagree?

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josh View Post
But except in the case of a black box, completely hands off, system where psychology is not a factor at all, any trading system's expectancy is based on discretionary decision-making by the trader, which is very much related to psychology. Thus, except for a black box system, which is not really trading at all, expectancy is most definitely related to "trading psychology." This is why even a very mechanical system can have varying levels of success depending on who trades it. At least, the logic makes sense to me that way. Would you disagree?

I would agree with this and so would Ed Seykota who says something to the effect that systems don't need to be changed but a trader needs to find a system for him. Psychology definitely plays a role in determing a system's success when its not fully automated and even when it is blackbox *assuming the trader looks at his P&L every once in a while *

But I believe it only plays a role when someoen has determined their system has a positive expectancy exploiting some real edge.

I guess I'm referring more to the case where a trader comes up with a "system" and starts to trade it lets say the system is some combination of oscillators, MAs etc for entries and exits. The system might have shit expectancy but the trader is just told to stick with it and be disciplined. When in fact none of these things will do anything for him. Because the system itself is shit.

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nverstop View Post
I guess I'm referring more to the case where a trader comes up with a "system" and starts to trade it lets say the system is some combination of oscillators, MAs etc for entries and exits. The system might have shit expectancy but the trader is just told to stick with it and be disciplined. When in fact none of these things will do anything for him. Because the system itself is shit.
“Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible

I see your point, though I would point out that while those tools and rules associated with them aren't for me (MA crossovers, oscillators, etc.), that you're pretty much lumping all indicators into a "these don't work" category. In my mind and heart, I believe no such system exists, particularly a black box, that will profit in the long run (say, longer than a few years), due to changing market conditions, which is why I have spent 90% of my time focusing on price and volume related trading. However, as you said, the trader can possibly take such a mechanical setup and tweak it to make it work for him.

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josh View Post
I see your point, though I would point out that while those tools and rules associated with them aren't for me (MA crossovers, oscillators, etc.), that you're pretty much lumping all indicators into a "these don't work" category. In my mind and heart, I believe no such system exists, particularly a black box, that will profit in the long run (say, longer than a few years), due to changing market conditions, which is why I have spent 90% of my time focusing on price and volume related trading. However, as you said, the trader can possibly take such a mechanical setup and tweak it to make it work for him.

I guess I'm not coming across right haha I was moreso referring to a guy who throws a bunch of shit together and trades it without any real inclination of its expectancy or viability and gets a bunch of trading psychology advice.

But I think we are pretty much saying the same thing so yeah.

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Cool ok -- well it's been a long afternoon of posting, have a good evening and a good weekend!

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I want toask is it appropriate at this site to tell people about two trading rooms that I am in that are working great. Thanks, Bob

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pquirst View Post
I want toask is it appropriate at this site to tell people about two trading rooms that I am in that are working great. Thanks, Bob

Not in this thread.

You can post here so long as you are not advertising or affiliated with them:


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Well, I don't read or post that much in here, but I have noticed a lot of posting on this thread as well as Horst's thread. I did look at their website just out of curiosity and the thing that would concern me is there is no physical address for them at all or at least I couldn't find one. Most website companies have a physical address in the contact us link or tab, not the case here. I use to own two very profitable companies with websites and I am very knowledgeable on website marketing, security policies and scam protection. Not having a physical address on this website is a HUGH red flag for me. If you wanted to exercise your money back guarantee and faced resistance and had to contact the AG's office it would be very difficult to track them down in a legal battle. If I have overlooked the address then I apologize. There is a lot of controversy regarding Horst and NFT and I have always maintained the position that trading is not an easy business and attempting to learn someone else's methodology is not in your best interest, especially in spending $10,000. This is just me and my point of view, good luck and good trading.

Interesting concept.......I was able to name that tune in 3 clicks
New Futures Trading - A way of life...

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@booker777, are you in any way associated with this company?

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IF your asking about NFT, in no way, shape or form am i associated. I was just inquiring about them. In fact i just did again on the TF-Trading thread if that didn't prompt you to ask. Just curious, why do you ask?

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booker777 View Post
IF your asking about NFT, in no way, shape or form am i associated. I was just inquiring about them. In fact i just did again on the TF-Trading thread if that didn't prompt you to ask. Just curious, why do you ask?

Just based on your pattern of posts on the site.

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Wow, sorry, didn't realize i gave that impression considering this is the first time i posted about them since i started this thread. I got your message on the other thread though and will follow the protocol from now on.

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booker777 View Post
Looking for anyone who knows anything about it or ideally has subscribed to tell me about its validity. Newfuturestrading.com. Tks

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.

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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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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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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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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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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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@josh,

I think you hit it on the head.

Keep up the good trading!

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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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I'm not their student, I only took free trial.

After I took a trial I got e-mail from them that all information I need is in those videos.

I think their way of trading can be very profitable when you master it.

I cannot say anything about Henry because I don't know him and I've never talked to him. All I can say that it's not enough just show people what are you doing. You have to be a teacher to teach people. Some people can learn just from watching someone, but others can't.

Being honest and profitable is very good, but can he teach? That's a good question and I don't know the answer.

Other people saying something about their cheesy videos and cheap website. If you are good with math it doesn't mean that you are good in history, right. He can be genius in trading' but has no idea about marketing or programming.

Every mentor says that 90% is trader and 10% is strategy. Everything is personal. You can have 90% winning strategy, but keep loosing money until you understand how it works. Some people get it fast, but others never.

Why people selling systems or strategies if they are profitable trading? That's a good question. I think when you make enough money you get bored. Trading is lonely business. After you have money you want to create something. For exp why Horst started tutoring. Because he has free time and he's bored. Another thing I think by selling you don't have to risk money to make money. Like E-mini Academy. He built a business that brings him a lot of money just from selling his software. He hired people that are not even traders teaching you how to use it. He got programming team that make that software because he doesn't know how.

There is a lot of reasons to sell and teach people, but I think the biggest is "lonely".

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  #52 (permalink)
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Like I mentioned before about the training going downhill, their website isn't even up anymore when I just checked?

Henry is a great trader if he could just focus on that. I KNOW that for CERTAIN. I lived it, saw it whatever... Best trader I have ever 'met'.

But as far as good trader = good business man. Rare...

Seems like Masters Palace, then NFT has run its course, but in the end, I think Henry has imparted a lot of good information and done the best he can to create a good course.

If Henry could find a good business person to team up with that he doesn't rub the wrong way, then I think he could have truly built a world-class enterprise, but self-sabotage is such a common theme for gifted people.

I owe him a big thanks, but I don't owe him more than that. I traded dollars for knowledge, but I put in the sweat and continue to do so.

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Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

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bluemele View Post
Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

Red flag for me was the great lengths he took to 'prove' he was trading live which is why he was stopped from posting on futures.io (formerly BMT) a while back and all that...

Bottom line: by all means, use other peoples ideas on trading setups and/or use their wisdom and fold it in to your own trading style... but don't use a trade calling service or a 'system' to copy. Better to just find a good solid reputable hedge fund, and write them a check if all you want is a trade calling service or a method to try and emulate or copy.

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for those not in-the-know what are you talking about? any link?

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Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

Wow.!.!!!
Do you know why? Was that just a financial pyramid or what?

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vovan348 View Post
Wow.!.!!!
Do you know why? Was that just a financial pyramid or what?

I can't say what specifically, but I invested for a short while as well and o-so glad I got my money out a LONG TIME AGO.

I was the 2nd one out who invested as I saw some issues but also needed my capital for a Real Estate deal in Hawaii.

He was borrowing money from investors (students) and not paying them as promised. I do not judge and it is not my place, and these are facts.

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cory View Post
for those not in-the-know what are you talking about? any link?

No link. Just investors (friends) who have confided in me and wondering if I am still investing.

As per Big Mike's comments, yes, I agree, but the system isn't just Henry's it was organic through each of the students over time and incorporated into Henry's teaching deal. I know he reads some threads on here occasionally, but I hope Henry sticks to just trading and out of people's lives.

I am in the process of revamping my thinking. Making it my own. Good advise.

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  #59 (permalink)
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@bluemele

I thought he only sold his "mentoring" services?

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I've heard about investing deals before and I know one of his students that invested some money also. I hope he can get his money back.

About system. It become personal because of the traders. You can use the same indicators and the same idea but trade very different from others. Everybody sees things different way and it has nothing to do with Henry.
For example Horst doing very well with that system. Sure he uses a lot of other knowledge he has so can do everybody else to make it personal!

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Lornz View Post
@bluemele

I thought he only sold his "mentoring" services?

No, he had a 10 YN (ZN) fund he put together.

Of course he didn't do it properly per SEC guidelines or any of that or meet any NFA requirements etc..

Who knows, he could have made a killing with this fund and just never shared with investors, but I doubt it. That is all speculation though.

Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

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vovan348 View Post
I've heard about investing deals before and I know one of his students that invested some money also. I hope he can get his money back.

About system. It become personal because of the traders. You can use the same indicators and the same idea but trade very different from others. Everybody sees things different way and it has nothing to do with Henry.
For example Horst doing very well with that system. Sure he uses a lot of other knowledge he has so can do everybody else to make it personal!

Yes, a lot of traders have made it their own. That has always been my challenge as Judy, Roger, Horst, Danielle among others trade all very differently. As a student 'following' them I have had a hard time making up my mind what is right/wrong and gets confusing watching others. Regardless I learn from both and I have also experimented myself my like you have with the larger stops and holding targets. In the end though, I decided to stick with what I was getting better at as that was my own personality.

We all do trade quite differently.

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bluemele View Post
Yes, a lot of traders have made it their own. That has always been my challenge as Judy, Roger, Horst, Danielle among others trade all very differently. As a student 'following' them I have had a hard time making up my mind what is right/wrong and gets confusing watching others. Regardless I learn from both and I have also experimented myself my like you have with the larger stops and holding targets. In the end though, I decided to stick with what I was getting better at as that was my own personality.

We all do trade quite differently.

I feel you! Haha...
Same here. It takes a while to figure out what fits you the best!

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bluemele View Post
No, he had a 10 YN (ZN) fund he put together.

Of course he didn't do it properly per SEC guidelines or any of that or meet any NFA requirements etc..

Who knows, he could have made a killing with this fund and just never shared with investors, but I doubt it. That is all speculation though.

Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

That's all?

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Lornz View Post
That's all?

Well, a big deal to some who will lose most of their savings. Like a very good friend of mine if he doesn't start paying people. Not to mention all the students that had 'money back guarantees'.

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Well, a big deal to some who will lose most of their savings. Like a very good friend of mine if he doesn't start paying people. Not to mention all the students that had 'money back guarantees'.

Yes, I hope it works out. I was trying be ironic about 10% compounding a month. He would be the richest man in the world by now...

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Yes, I hope it works out. I was trying be ironic about 10% compounding a month. He would be the richest man in the world by now...

Yup.

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https://sos.nh.gov/

Ouch.

Poor Ryan. He is probably going to have a pretty good sized judgement and had no clue.

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he probably thinks just a couple of good trades then he can full fill the 10% promise and some changes.

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bluemele View Post
Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

10% per month is not impressive. Isn't that only 2 tics per day? If you have a $5,000 account, trade the EC with 1 contract and make 40 tics in the market, you will make $500. That is a 10% return. In the futures market this is absolutely possible to do in a month. But there are some that average that much each day. To me 40 tics per day is like a 280 yard drive in golf. Most amatuers can't do that, but the pros do it all the time and some average that much. We know it's possible in golf because we can watch it on TV. But in trading, it isn't so easy to witness that kind of success. In some trading chat rooms, you see it. But if you look at the charts and apply a good trading strategy, you can see it. There is no need to look at someone else's P&L to prove it. You can see it in the charts.

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Trader Duck View Post
10% per month is not impressive. Isn't that only 2 tics per day? If you have a $5,000 account, trade the EC with 1 contract and make 40 tics in the market, you will make $500. That is a 10% return. In the futures market this is absolutely possible to do in a month. But there are some that average that much each day. To me 40 tics per day is like a 280 yard drive in golf. Most amatuers can't do that, but the pros do it all the time and some average that much. We know it's possible in golf because we can watch it on TV. But in trading, it isn't so easy to witness that kind of success. In some trading chat rooms, you see it. But if you look at the charts and apply a good trading strategy, you can see it. There is no need to look at someone else's P&L to prove it. You can see it in the charts.

Well, if people could do 10% per month compounding in the futures market, then the richest people in the world would be traders. I believe that Steve Cohen is the richest trader in the world (could be mistaken) and it has been a long slog for him and I would venture that his returns were no where near 110% compounded on his trades but only by leveraging other peoples money and trading.

I agree, it can be done, but why would a person not pay their investors if they could do it? It doesn't seem hard does it?

Laziness, Greed, inability to perform, who knows and it is all speculation. I don't care, as I just want friends to get their money back.

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bluemele View Post
Well, if people could do 10% per month compounding in the futures market, then the richest people in the world would be traders. I believe that Steve Cohen is the richest trader in the world (could be mistaken) and it has been a long slog for him and I would venture that his returns were no where near 110% compounded on his trades but only by leveraging other peoples money and trading.

I agree, it can be done, but why would a person not pay their investors if they could do it? It doesn't seem hard does it?

Laziness, Greed, inability to perform, who knows and it is all speculation. I don't care, as I just want friends to get their money back.

Oh, ye of disbelief, know one thing. A not so famous quote from Travis Norman.
"One cannot comprehend the station above them."

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10% per month is not impressive. ... But there are some that average that much each day.

10% a month, starting with a 5K account, is $1.5M after 5 years. Not out of the realm of possibility, but the math looks quite easy compared to actually doing it.

As for doing that each day, do the math for just 2% compounding per day and you'll see it's out of the realm of possibility (using real funds, over a longer period of time, say months on end) for even the most gifted trader. Ever met (or heard of) someone who's turned 5K into $700K 12 months later? That's 2% per trading day.

10% per trading day would turn $5K into $2,400,000 in three months. Still think some average that every day?

I'm just giving the math--the facts only, not hopes, not dreams (both of which can be important for sure). Just in case some person who thinks trading is easy money comes along and reads the statements you made and thinks he'll give it a try without assessing risk first (which is what it would take, a disregarding of risk, to make anything near 10% on average per day, which is why it is impossible).

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Here's the PDF bluemele posted a link to. Just for the record.

And shame on you Henry, for allowing your arrogance and limited success to make you think you are above laws and regulations. Your high and mighty attitude, evidenced in so much of what you said, is causing you to now be humbled it appears.

Quote from attached PDF:

Quoting 
A review of all NFTI banking records known to the Bureau, from three separate banking
institutions, indicates that NFTI currently has approximately eight thousand, five
hundred dollars ($8,500) in available cash.
The banking records indicate that NFTI has
very little assets left of the one million, one hundred and forty-eight thousand dollars
($1,148,000) raised through the unsecured promissory notes. It is unlikely that NFTI
has sufficient income to meet its current obligations and is therefore insolvent.


Attached Thumbnails
Anyone know of this service- newfuturestrading.com-enforcorder_newfutures-ceasedesist.pdf  
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  #75 (permalink)
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josh View Post
10% a month, starting with a 5K account, is $1.5M after 5 years. Not out of the realm of possibility, but the math looks quite easy compared to actually doing it.

As for doing that each day, do the math for just 2% compounding per day and you'll see it's out of the realm of possibility (using real funds, over a longer period of time, say months on end) for even the most gifted trader. Ever met (or heard of) someone who's turned 5K into $700K 12 months later? That's 2% per trading day.

10% per trading day would turn $5K into $2,400,000 in three months. Still think some average that every day?

I'm just giving the math--the facts only, not hopes, not dreams (both of which can be important for sure). Just in case some person who thinks trading is easy money comes along and reads the statements you made and thinks he'll give it a try without assessing risk first (which is what it would take, a disregarding of risk, to make anything near 10% on average per day, which is why it is impossible).

It is 2 tics per day, not 2%. If we're looking at 10% per month, with a $5k account, we need $500. That's 40 tics on the EC. With 20 trading days in a month you need just 2 tics per day. Now if that raises the bar too high, think about it. We can only lower the bar one more tic before we are digging a hole. My point is that 2 tics per day is a very low goal. If that isn't possible, why trade? I am stunned and amazed that people don't think you can make 2 tics per day. It quacks me up.

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bluemele View Post
Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

Yeah I know he was really pushing students to let him trade their money. I think that was the beginning of the end for him and unfortunately some great people who may have lost some or a lot of money with him (I hope that isn't the outcome).
He was a good trader and he had a very good trading methodology. I'm still using it with some other things I've used over the years.

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  #77 (permalink)
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Yeah I know he was really pushing students to let him trade their money. I think that was the beginning of the end for him and unfortunately some great people who may have lost some or a lot of money with him (I hope that isn't the outcome).
He was a good trader and he had a very good trading methodology. I'm still using it with some other things I've used over the years.

What have you done to adapt?

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Trader Duck View Post
It is 2 tics per day, not 2%. If we're looking at 10% per month, with a $5k account, we need $500. That's 40 tics on the EC. With 20 trading days in a month you need just 2 tics per day. Now if that raises the bar too high, think about it. We can only lower the bar one more tic before we are digging a hole. My point is that 2 tics per day is a very low goal. If that isn't possible, why trade? I am stunned and amazed that people don't think you can make 2 tics per day. It quacks me up.

The issue is not with 2 ticks per day. Lots of people, especially new traders, focus on how much you have to make to make $X per week or month. However, the real question in trading is not how much you can make, it's how much you're risking. How much risk does it take per day to gain 2 ticks?

When you put it like this, "who can't make 2 ticks per day?" then of course everyone says "well, I can!" And then we talk about scaling up size, but still inherent in the equation is the question, how much RISK do we incur? Scaling up size not only increases how much those 2 ticks are worth if we make them, it also increases the amount of capital we can lose.

So, 2 ticks, 4 ticks, 20 ticks per day, not the issue--the issue is how much capital we risk.

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What have you done to adapt?

I use a few different Market Profile trade setups that I learned from a very good MP trader to trade the ES. I use some different tick base charts with MACD-BB indicators on them to help verify the setups and/or to keep me in a trade. Now it is more a matter of trying to stay with the trade longer. I spent too much time trying to trade the Russell with the NFT setups, when I should have been using that time to refine my ES trading.

I've talked to a few of the students who had money with Henry, I feel bad for them and hope that they can get their money back. From what I've seen I kind of doubt it though.

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I use a few different Market Profile trade setups that I learned from a very good MP trader to trade the ES. .

Did you go long at 1186.25 today? If you did, I think I know who you are talking about . The setup is known before the market open.

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  #81 (permalink)
Augusta, GA
 
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So is the issue that Henry lost their money trading it, stole it or just wasnt compliant with the rules and regulations? Does anyone know. The later would suggest that its not a money shortcoming issue.

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  #82 (permalink)
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booker777 View Post
So is the issue that Henry lost their money trading it, stole it or just wasnt compliant with the rules and regulations? Does anyone know. The later would suggest that its not a money shortcoming issue.

It is all speculation. I believe only Henry and his wife probably know the whole 'scoops'. Like I said, I do not believe Henry to be an outright malicious person, but who really is when it comes down to it.

I don't think anyone else will know the truth as to what happened unless Henry comes clean and knowing Henry, I doubt that will ever happen.

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  #83 (permalink)
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Buy you still advocate the trading system itself? If someone wanted to learn it i guess its too late?

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  #84 (permalink)
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booker777 View Post
Buy you still advocate the trading system itself? If someone wanted to learn it i guess its too late?

I think any system works. I liked NFT/Masters Palace because he taught a lot about the mental side. I just stuck with it because to this day I do not see a clearer system to see trade length. Getting in is still a challenge, but holding the trades is much clearer in my opinion with the MACDBB the way Henry has created some rules.

It really isn't that overly complicated. If you watch some of my vids you will see what I am talking about but it is HIGHLY discretionary so anyone with 5 years and 5,000-10,000 hours will master it. You just have to stick with it and do it day-in, day-out. So, the things he created were good guidelines and he was good at that, but the rest of it was shite. i.e. religion and how one should be closer to Joel Osteen etc.. hahah...

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  #85 (permalink)
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I was really interested in learning how they use the different time frame MACD to profile the market. i.e. account for every turn as some of the traders here claim it can do. I love your vids but didnt see you get into that kind of detail on them.

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Please go here and fill this info out to help stops people from doing this!!!!


To Provide Us Information About Fraud or Wrongdoing Involving Potential Violations of the Securities Laws

"Yeah, well, you know, that's your opinion, man..."
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omaha786 View Post
Did you go long at 1186.25 today? If you did, I think I know who you are talking about . The setup is known before the market open.

No, I didn't go long at the price...would you have gotten filled there anyways?

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travelinman View Post
No, I didn't go long at the price...would you have gotten filled there anyways?

I was just trying to figure out whether the very good MP trader you mentioned in your previous post is JP.

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  #89 (permalink)
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Everyone who has interacted with NFT should take a look at this:

Mateus F. Silva

Henry's father passed away. Obituary. Name of his oldest son and watch for his fathers real name. When they came to the USA they changed it over for ease to "Silva" from "Fagundes".

Commission acts against day-trading 'school'

After you are done reading that, then here you go:

https://www.sfsc.gov.sk.ca/adx/aspx/adxGetMedia.aspx?DocID=830,807,1361,279,246,243,1,Documents&MediaID=892&Filename=fagundes-etalmay24-06.pdf

All of this came to me through a channel whereby people are still investigating the situation.

It feels like one of those "Ace Ventura" "Einhorn is Finkle" "Finkle is Einhorn" and now I have to go stick a plunger to my face and listen to the "Crying Game" soundtrack!

Say it with me...

"Fernando Fagundes is Fernando Silva", "Fernando Silva is Henry Roche"....

This could be wrong, but it seems to add up. If Henry wants to get on here and counter this then that would be great.

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  #90 (permalink)
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More....

https://www.sfsc.gov.sk.ca/adx/aspx/adxGetMedia.aspx?DocID=984,952,1361,279,246,243,1,Documents&MediaID=1237&Filename=kowalchuk-kim-november23-07.pdf

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  #91 (permalink)
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bluemele View Post
Everyone who has interacted with NFT should take a look at this:

Mateus F. Silva

Henry's father passed away. Obituary. Name of his oldest son and watch for his fathers real name. When they came to the USA they changed it over for ease to "Silva" from "Fagundes".

Commission acts against day-trading 'school'

After you are done reading that, then here you go:

www.sfsc.gov.sk.ca/adx/aspx/adxGetMedia.aspx?DocID=830,807,1361,279,246,243,1,Documents&MediaID=892&Filename=fagundes-etal(temp)may24-06.pdf

All of this came to me through a channel whereby people are still investigating the situation.

It feels like one of those "Ace Ventura" "Einhorn is Finkle" "Finkle is Einhorn" and now I have to go stick a plunger to my face and listen to the "Crying Game" soundtrack!

Say it with me...

"Fernando Fagundes is Fernando Silva", "Fernando Silva is Henry Roche"....

This could be wrong, but it seems to add up. If Henry wants to get on here and counter this then that would be great.

What am I missing? Where is the name Henry Roche to tie him into these documents? When I took the free trial I was sure that Danielle (NFT coach) told me his name was Henry Poi, in case that helps.

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  #92 (permalink)
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Trader Duck View Post
What am I missing? Where is the name Henry Roche to tie him into these documents? When I took the free trial I was sure that Danielle (NFT coach) told me his name was Henry Poi, in case that helps.

Danielle and I speak regularly as well as several other ex-Masters Palace people via Skype.

I spent a week in a house sharing it with his brother Manny so I know who Henry is, his background (or what little I knew of it) etc. but I never got the true reason for his name change or his 'real name'.

His fake name was not 'Poi' but "Henry Roche" at least that is what he wanted to be known by when I dealt with him. Who knows what it changed to in the time I didn't attend their seminars etc..

Henry just left his wife (a week ago) with her infant child (his kid too!) and he is on the 'run'.

EDIT: At the end of the day, this is all drama, so this will be my last post on this thread. I do not wish to judge or condemn and not a noble trait and I need to spend my time focusing on charts and not people who choose to 'vend'.

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  #93 (permalink)
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@ information update
:wtf:
--
this stuff is scary...
--
if you dont wanna continue posting in this thread plz keep me updated via pm if you got any new news...
thx a lot!

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  #94 (permalink)
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If its not too much trouble. I too would like to be updated if you have any real info you feel you can share. Should we call Dog the Bounty hunter for this?

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  #95 (permalink)
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Ok, I had to finally add this last little item:

Shalom Henry Roche (A birdie gave me this one)

Wow... And for the record "This Cat" --- Me (from the comments) doesn't want to share anything else about NFT because I am not involved with those people any more really. I have no money invested, and I have nothing to gain by all the drama. I feel bad for not turning that scumbag in but I listened to others not to, so I do not have good emotions surrounding this entire fiasco...

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  #96 (permalink)
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what makes me wonder...
i was never a student of his. years ago someone sent me a set of videos which must have been recordings from his classes. It was immediately clear that he had some kind of disorder from the way he talked.
On the other hand it seemed he had a thing or two to teach. I cant tell if he was live or not on these vids but i had the impression he's probably not the worst at trading.

Did he actually ever trade his own account live?
Was it just pure greed making him rip off people or did he have psychological issues trading real money maybe?

just curious.

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  #97 (permalink)
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The site is down when I tried to see it recently. Actually it looks like it no longer exists. I found the "cheesy" (the one where federal reserve notes kept being thrown out of the monitor at the lady; where those $100 bills? ) video on youtube, ,
then tried the website link.

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  #98 (permalink)
Chihuahua, Mexico
 
 
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Has anybody talked to the other coaches, Roger, Judy, Danielle, Shane or Woosun? If so, what do they think say about all this.

Are they trading? I remembered Roger was very good, but I do not know about the others. I think Henry also cheated and betrayed them.

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  #99 (permalink)
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.

greenr
Hey Jorge, ill do my best to make the above questions clear to you as i think bluemele has taken a vacation from trading

What you have to understand with any method, every day is different as such. One day you will get a sideways range bound day the next you will get a mega trending day

This is your job, to NOTICE and feel the market

Yes the indicators give you signals and yes the Fibs acs as pivots, but that’s all

It your job to be able to read the market, you cannot just rely on indicators and fibs or every one would be making money easy, reality is you have to be a experience trader to be able to know what to look for and what the market is trying to do

I don’t believe this is just a pivot trading method, in a trend you get retracements to the 50% and the 89% if this is a pivoting market why are we looking for retracements and follow through on different charts. You are using the Fib levels to MEASURE the moves in the markets on different scales

a AB=CD patters which is the 100% extension from a pull back is a trend continuation trade

Its your job to analysis ALL charts, get a big picture in your head. Decide were price is looking to go with the overall power of direction. Then you use the FIB`s with home plates and the indicators to line up for entries with minimal risk

Like i said one day is never the same as the next

You need to develop the skill to know whether we are looking at a range bound day were you can use pivots or if we’re looking at trending day were you will be looking to trade deep retracements in the direction of the overall trend and have the ability to recognise change quickly

You will never find a method that is as simple as it looks or sound, you need to develop the traders instinct and vision and be able to ignore what you brain is thinking but recognise what the markets is telling you and act on it

Also you will know when a trend is coming to a end and why because is will be a move completion on a larger charts. Its be in able to under stand why price has gone were is has gone and why it has stopped. Once you learn this skill you will under stand why price does what is done 99% of the time. I used to be the same....but now i know and understand why these markets move the way they do

You also need to under stand the correlation between the diffrent charts and how they work and line up. Just because yhe 1597 is not lining up with all the other charts. Does not mean there is not a trade set up or the markets is not doing what it is supposed it is saying it is goign to do. Read and under stand how the picture moves through the diffrent time frames

Every thing is correlated, just because they are not all correlation all time does not mean they are not working. Its understanding WHY........................................

Hope this helps

regards

Ryan


Hello Ryan,

First of all, thank you very much for your post answering mine
I know and understand that everyday is a different day, that sometimes you may have a pivoting market day or sometimes a trending market day. The issue here is how to identify which is which. You tell me that I need to notice that, that I need to get experience on this, but the quesion here is, how?

I know there´s no perfect system or method, but there´s alwas a a way or an indicator that can tell you wether the market is trending (with pullbacks) or moving into pivots, but in this method what can help us with that.

The NFT method taught us to wait for four aligned macds, this is from 144 to 610 to take an entry in counter-trend and to have a fib homeplate. However, when the market is trending you may have 5, 6 or 7 macds aligned telling you the market is about to change direction, but that does not happen. What I meant with the example of the 1597 macd, It was not that the 1597 was the only one alligned to change direction, but that all the other shorter macds are also alligned, but even with weakness in 1597 or even in 4181 telling you the market is about to change direction it results it does not change. I know that when this happens is because the market is following a higher time frame pattern, so the question here is how to identify which time frime is following.

You tell me about the AB=CD pattern or the bull or bear flags. You can do a measurement again let say in the 1597 time frame. The market reaches the 100% extension of a bull flag let say, you have 7 indicators alligned to change direction, but still the market keeps pushing more up. You can reach even the 200% extension of that bull flag and the market keeps moving up, so how to know if the market is trying to complete a pattern at the 1597 or 4181 or 6k or 10k or any timeframe. Even Henry did not know that and that´s why he had problems when he started trading the ES, becuase at that moment there was a sell off of the market.

We know that in any trend there are always pullbacks. But if there is a uptrend, the nft method gives you several signals to go short, because you have completed homeplates and there is correlation in more than 4 macds, but still the market keeps going up. On the other hand, if the market is uptrending, we should try to take a long not a short, but the method does not give you clear signals to take a long, it only gives you clear signals to go short, but that they are false. signals. Or even, you take a short because you see a possible pullback, the market indeed pullbacks, and suddenly the market changes direction again to keep on the uptrend, but not having even weakness at the 144 macd for you to cover that trade.

I think the NFT method is a very good method but for pivoting markets and even when you can have successful trades in a trending market those trades will go against the trend, instead of flowing with the trend.

Could you give me a hint on how to notice or feel if the market is following a trend and which one? What have you done to develop such skill. Is is true that when we are learning to use this method, we mainly focus our attention on the 144 chart, but then I understand that maybe we should focus our attention first in other time frame charts to find out the mood of the market for that day.

And as I said, when there is a trending market we should take trades on the trend of the market not against it and the method teaches us to take only trades agains the market.

thanks again and I hope we can keep giving feedback on this topic.

Jorge

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  #100 (permalink)
london/england
 
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jgomez74 View Post
.

greenr
Hey Jorge, ill do my best to make the above questions clear to you as i think bluemele has taken a vacation from trading

What you have to understand with any method, every day is different as such. One day you will get a sideways range bound day the next you will get a mega trending day

This is your job, to NOTICE and feel the market

Yes the indicators give you signals and yes the Fibs acs as pivots, but that’s all

It your job to be able to read the market, you cannot just rely on indicators and fibs or every one would be making money easy, reality is you have to be a experience trader to be able to know what to look for and what the market is trying to do

I don’t believe this is just a pivot trading method, in a trend you get retracements to the 50% and the 89% if this is a pivoting market why are we looking for retracements and follow through on different charts. You are using the Fib levels to MEASURE the moves in the markets on different scales

a AB=CD patters which is the 100% extension from a pull back is a trend continuation trade

Its your job to analysis ALL charts, get a big picture in your head. Decide were price is looking to go with the overall power of direction. Then you use the FIB`s with home plates and the indicators to line up for entries with minimal risk

Like i said one day is never the same as the next

You need to develop the skill to know whether we are looking at a range bound day were you can use pivots or if we’re looking at trending day were you will be looking to trade deep retracements in the direction of the overall trend and have the ability to recognise change quickly

You will never find a method that is as simple as it looks or sound, you need to develop the traders instinct and vision and be able to ignore what you brain is thinking but recognise what the markets is telling you and act on it

Also you will know when a trend is coming to a end and why because is will be a move completion on a larger charts. Its be in able to under stand why price has gone were is has gone and why it has stopped. Once you learn this skill you will under stand why price does what is done 99% of the time. I used to be the same....but now i know and understand why these markets move the way they do

You also need to under stand the correlation between the diffrent charts and how they work and line up. Just because yhe 1597 is not lining up with all the other charts. Does not mean there is not a trade set up or the markets is not doing what it is supposed it is saying it is goign to do. Read and under stand how the picture moves through the diffrent time frames

Every thing is correlated, just because they are not all correlation all time does not mean they are not working. Its understanding WHY........................................

Hope this helps

regards

Ryan


Hello Ryan,

First of all, thank you very much for your post answering mine
I know and understand that everyday is a different day, that sometimes you may have a pivoting market day or sometimes a trending market day. The issue here is how to identify which is which. You tell me that I need to notice that, that I need to get experience on this, but the quesion here is, how?

I know there´s no perfect system or method, but there´s alwas a a way or an indicator that can tell you wether the market is trending (with pullbacks) or moving into pivots, but in this method what can help us with that.

The NFT method taught us to wait for four aligned macds, this is from 144 to 610 to take an entry in counter-trend and to have a fib homeplate. However, when the market is trending you may have 5, 6 or 7 macds aligned telling you the market is about to change direction, but that does not happen. What I meant with the example of the 1597 macd, It was not that the 1597 was the only one alligned to change direction, but that all the other shorter macds are also alligned, but even with weakness in 1597 or even in 4181 telling you the market is about to change direction it results it does not change. I know that when this happens is because the market is following a higher time frame pattern, so the question here is how to identify which time frime is following.

You tell me about the AB=CD pattern or the bull or bear flags. You can do a measurement again let say in the 1597 time frame. The market reaches the 100% extension of a bull flag let say, you have 7 indicators alligned to change direction, but still the market keeps pushing more up. You can reach even the 200% extension of that bull flag and the market keeps moving up, so how to know if the market is trying to complete a pattern at the 1597 or 4181 or 6k or 10k or any timeframe. Even Henry did not know that and that´s why he had problems when he started trading the ES, becuase at that moment there was a sell off of the market.

We know that in any trend there are always pullbacks. But if there is a uptrend, the nft method gives you several signals to go short, because you have completed homeplates and there is correlation in more than 4 macds, but still the market keeps going up. On the other hand, if the market is uptrending, we should try to take a long not a short, but the method does not give you clear signals to take a long, it only gives you clear signals to go short, but that they are false. signals. Or even, you take a short because you see a possible pullback, the market indeed pullbacks, and suddenly the market changes direction again to keep on the uptrend, but not having even weakness at the 144 macd for you to cover that trade.

I think the NFT method is a very good method but for pivoting markets and even when you can have successful trades in a trending market those trades will go against the trend, instead of flowing with the trend.

Could you give me a hint on how to notice or feel if the market is following a trend and which one? What have you done to develop such skill. Is is true that when we are learning to use this method, we mainly focus our attention on the 144 chart, but then I understand that maybe we should focus our attention first in other time frame charts to find out the mood of the market for that day.

And as I said, when there is a trending market we should take trades on the trend of the market not against it and the method teaches us to take only trades agains the market.

thanks again and I hope we can keep giving feedback on this topic.

Jorge

Just a few quick question and im going to have a good think about you comments

1. How long was you a member of NFT for?
2. How long have you been trading for
3. How has you trading been going, are you a profitable trader?
4. If NFT was still online, would you continue to be a member?

I was never a member of NFT, so you have most probs been educated on this method to a higher level than me. But i have been trading for over 5 years now and have been extremely dedicated. I took me years to become profitable. I went from trade room to trade room to mentor to mentor untill i decided i have enough understanding and could continue on my own. I think i have always been a good trader in the sense of taking valid trade set ups and reading the markets

My main problem was all mental, I COULD NOT TAKE A STOP LOSS!!

My sim account had win loss ratios of 52% wining trades and i had banked over 100k of a 5g account

but......

My real account had +85% win loss ratio but my profits were in the HARD RED

This was bacause my winner were nice, but my losses were HUGE because i would dig my self a hole regards my stopp loss in a trade

one of the hardest things i have every had to over come in my life. I knew not to move my stop, but every time i did it no matter what!!!!

Only when i come across the NTF methods and mental teachings i found i actually started to become profitable

I believe this was because the method made complete sense to me, i knew were there trades were coming and were to take profit. this made me confident in taking stop losses...along with some of the mind over matter teachings i found from NFT

I understand what you are saying in the above statement, but this method has put me in the +50% edge like Orin stated allowing me to make money now :-D so i believe what you are worrying about you should forget

I have also heard for a few people about how the markets started to change and the method suffered because of this change. I have had some talks with Orin and this is my conclusion

NFT focuses on tick charts

Tick chart bars create a bar every 144 tick bla bla bla

So for every 144 contracts we see a new bar plotted

So if 2-3 years ago we saw a average daily volume of +80,000 contracts traded

Now the daily volume on average is +150,000 say

so the tick charts move faster and the set ups are changing

one job as a day trader is to recognise change and act on it and understand this

I think some of the markets like crude oil and the ES just have way to much volume and speed making it very hard to use this method unless you understand the above

I may be wrong but this is my opinion

Sorry about my bad spelling and grammar, English has never been my strong point or interest even though it is my native language LoL

Don’t help me make money so no need to master it :-D

regards

Ryan

" 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"
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