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My intentions are to help other traders be better traders. Some of you might consider being less judgmental and condescending---you might learn something new--not just about trading, but yourselves. Unfounded suspicions and accusations actually say a lot about your own projections, and perhaps play into your trading decisions?
If I run across a great thing, and it works for me, I'll pass it along to others. I thought that was the purpose of this website and thread. I'd also give Rios Quantitative a similar "two thumbs-up" great review. Joe Rios, the founder, is a friend and has an exceptional track record and reputation in the financial & trading community. He's a great person, and humble. We've exchanged trading ideas back and forth nearly every trading day for the past two years. And guess what, I have no affiliation with Rios Quantitative except being a member. If you really want to learn something, watch this interview with Joe:
All of those "marked-up Rios charts" were marked up by me to try and demonstrate how components of the system appear visually. They are marked up because they are posted for others to view. The only elements not marked up are the Gnos levels, accelerator prints, channels, the TCMs, and the candles. If you would take the time to reread what I wrote, look more closely at the charts, and do some homework, maybe you can put 2 + 2 together a little better, and see a clearer picture.
What more to say? I'm having a great trading week with my system: the Rios Gnos levels and the Flux TCMs. Seventeen trades: 14 winners, 3 losers for $7,181.88 after commissions, trading 2 contracts (one trade 3 with the YM). I follow my rules, feel good about my market selection using a quant approach & my money management!
Glad that you are finding it helpful to see how Rios tools are being used. My point remains lost with the poster that this is not a Rios thread nor a place to post screenshots, yet all his postings support Rios and do little for the other tool that this thread is for.
Also, please be selective on the wisdom you find and adopt. There are folks here who have been given Legendary status on a trading site, who do not even have a Live license for their trading platform.
Where do u think this information should be posted? Maybe like the Battle of the Bots , have a Battle of the Vendors.
Only minimum requirement, Like x number days, which contract. Maybe someone that has the Flux can show its stuff against the Rios tools.
Some of you folks are still missing the points made. It's not a battle of Joe Rios' system vs. Michael & Ron's FLUX tools: it's the combination of the two used together that I mentioned was beneficial. The point I was making is that the FLUX TCMs (Time Cycle Markers) are a beneficial component in enhancing MY system performance. I had no intention of explaining the depth and detail of that system.
Come on, use your imagination, it's not that hard to conjure up a few possibilities on how the FLUX software could be beneficial. Most of you have an alpha trigger to enter a trade. So if price is trading close to the trigger and a TCM (that you determine is 65-70% accurate) is about to print, wouldn't that get your attention? Do you always take a trade, no way. But when things line-up, it can be powerful. Hence the number of screenshots to demonstrate examples.
The system worked great Thursday morning with a trade in Nat Gas (NG). I ran my quant analysis, and it showed NG to be a strong laggard, so that favored the short side. I also determined it was still in a wave 5 down in a longer timeframe Elliott pattern. My alpha trigger was in a bearish zone. The benchmarks were in conflict (ZN & ES), so I looked to trade 'independents'. Multiple TCMs were close to my alpha trigger. Things lined up. It was a high probability trade ... and I shorted two contracts with a sell stop when my signal was hit. The trade quickly went in my favor, and I took one contract off before the report at a support level for $200 to reduce my risk, but kept the 2nd contract on for the 10:30 AM report. Two "sell" markers were set to print exactly at 10:30. The report came, the build was a disappointment vs. the expectation, and a huge spike down followed. I had pre-determined a support level if a spike down occurred, and I took off the 2nd contract for an additional $820, for a total of profit of $1,020, less commissions of approximately $10. That's how things
can work in a powerful way.
I am going to include the screen shot of that trade so you can see what I've described.
Totally agree. It sounds like he has a combination of systems he is successful with so a journal might be a good idea. We may be able to learn something from it. Otherwise he is getting away from the spirit of vendor review a little bit, IMO.
