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Has anyone ever heard of Felton Trading? (www.feltontrading.com)


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Has anyone ever heard of Felton Trading? (www.feltontrading.com)

  #241 (permalink)
 
nakachalet's Avatar
 nakachalet 
siam, west coast andaman sea
 
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
Posts: 512 since Aug 2011


TheSeeker View Post
My problem with scalping for 5 ticks is that the reward to risk will be usually lower than 1. You'll need a high win rate to overcome the poorer R:R.

@ TheSeeker--to be successful and profitable, traders need to think and to work out problems for themselves as an individuals, agree?

are you quite certain that what you stated is always the fact and nothing but the fact, pls?

My problem with scalping for 5 ticks is that the reward to risk will be usually lower than 1.

just how did you arrive at that conclusion, pls?

remember, as traders we absolutely need to think for ourselves, correct?

you know, there are several on board here who would get out of a trade that lingers too long or heads to the opposite direction than what their setups predict, at 2 or 3 tics loss....? and be perfectly content with that losing trade too.

now, there are also many who setup their would be expected losing trades with similar risk control as follows:

stop loss 5; profit target 5, 50; profit trigger 6 -->5, breakeven +5....

this setup would invalidate what many have had learned in terms of risk/reward ratio.

particularly when traders are able to bail out at 2 or 3 tics loss, as their setups and strategies are being proven wrong by the volatile market; then, the r/r ratio would surely be more like 1 to 2 or better, won't you agree?

@ TheSeeker, am not picking on you, ok? sincerely hope you won't feel that way, alright? your posts would help many of those learning to trade profitably and consistently to better think for themselves and do their own math for their own trading requirements and setups. thx much for your posts, theseeker, affording me an opportunity to respond--which might differ significantly from many other prolific traders here.... as well....

my apology for being long winded and babbling on and on. have a safe and wonderful weekend everyone.

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  #242 (permalink)
 
TheSeeker's Avatar
 TheSeeker 
Germany
 
Experience: Intermediate
Platform: MT4, StrategyRunner
Trading: ES,EUR/USD,Oil
Posts: 127 since Dec 2010
Thanks Given: 81
Thanks Received: 73

Nakachalet, I respect everyone's opinions. There are many different ways to trade.

My goal in trading was to find a method that enables me to have both a high win rate and a high reward to risk ratio. I believe I have acomplished this but being curious, I always like to learn new tricks.

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  #243 (permalink)
 
rogerf's Avatar
 rogerf 
Victoria, TX
 
Experience: Master
Platform: NinjaTrader
Broker: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Trading: 6E, CL, GC
Posts: 132 since Apr 2010



TheSeeker View Post
Nakachalet, I respect everyone's opinions. There are many different ways to trade.

My goal in trading was to find a method that enables me to have both a high win rate and a high reward to risk ratio. I believe I have acomplished this but being curious, I always like to learn new tricks.

That's a very encouraging post indeed and congratulations are in order. Most traders who were enjoying both a high R-R ratio AND a high win rate wouldn't be looking around for anything that might mess that up. Obviously, you are now making an incredible amount of money consistently so my advice would be to NOT CHANGE ANYTHING.

To find both consistently high R-R and high WR is like hitting the lottery and winning the Golden Goose. Unless it breaks, don't try to fix it. With all their money and unlimited resources, even the biggest banks and institutions do not have what you have. You either are, or will be, one of the richest people on planet Earth. Congratulations again to The Seeker! You might even consider changing your name to The FoundIt. I look forward to reading about you in Forbes magazine, perhaps...good job!

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  #244 (permalink)
 
TheSeeker's Avatar
 TheSeeker 
Germany
 
Experience: Intermediate
Platform: MT4, StrategyRunner
Trading: ES,EUR/USD,Oil
Posts: 127 since Dec 2010
Thanks Given: 81
Thanks Received: 73

Roger, I'm not making millions and probably never will be. Im just saying that I believe I can trade with a reward/risk that is higher than 1 and with a win rate of around 70 %.

Some believe that you cannot have both, I believe that these two parameters are not necessarily mutually exclusive.

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  #245 (permalink)
 
rogerf's Avatar
 rogerf 
Victoria, TX
 
Experience: Master
Platform: NinjaTrader
Broker: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Trading: 6E, CL, GC
Posts: 132 since Apr 2010


TheSeeker View Post
Roger, I'm not making millions and probably never will be. Im just saying that I believe I can trade with a reward/risk that is higher than 1 and with a win rate of around 70 %.

Some believe that you cannot have both, I believe that these two parameters are not necessarily mutually exclusive.

There's an old saying, "What you can conceive and believe, you can achieve". Believing is the operative word so keep the faith and hang in there.

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  #246 (permalink)
 
sharky's Avatar
 sharky 
MIAMI,FL
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, tradingview
Broker: Private
Trading: Crypto and natural gas
Posts: 1,063 since Jun 2009
Thanks Given: 625
Thanks Received: 3,906

when are we going to have another felton webinar???sharky

KILLING THE MARKETS DAILY
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  #247 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
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rogerf View Post
There's an old saying, "What you can conceive and believe, you can achieve". Believing is the operative word so keep the faith and hang in there.

But there are dreams that cannot be
And there are storms we cannot weather


Les Miserables ~I Dreamed a Dream Lyrics

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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  #248 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335

I just noticed that Roger Felton's membership was revoked. That's a shock. I've read Roger's posts for quite some time and never seen him be anything less than respectful. I've seen times when a bit of sarcasm snuck in but certainly not anything bad. Also, his webinars were very informative.

I've participated in his chat room several times to see what it's all about especially with all the favorable comments I've seen in this thread. Most recently, the last 2 weeks in his chat room I saw him and Clint trading (in sim) and winning. There was one day when Roger had profit when he started moderating but I believe was negative by the time Clint took over. That is the only time in the 2 weeks that either of them lost during the time they were moderating. I'm at the point of becoming a Felton Trading member and then I saw this revocation so now am a bit shocked and wondering what happened.

I know I'll never find out what happened but thought I'd post anyway.

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  #249 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
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TheSeeker View Post
Roger, I'm not making millions and probably never will be. Im just saying that I believe I can trade with a reward/risk that is higher than 1 and with a win rate of around 70 %.

Some believe that you cannot have both, I believe that these two parameters are not necessarily mutually exclusive.

Fear not.

It's just because they have their grail deflector set too high.

Tell them you only get 1 trade a week & they'll be fine....

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  #250 (permalink)
 jimbob42 
Massachusetts, USA
 
Experience: Beginner
Platform: Ninja
Posts: 30 since Jun 2009
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Thanks Received: 7


What did happen to cause Roger to be banned?

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