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For the month I have been in JP's room there looks to me like there is an edge, just from the trades JP has called and explained while I was in the room.
I'll take your advice TI Anon, (be careful) but what I have seen, heard and learned for myself in JP's room for the first month it was worth the $400.00 and I'll give the 2nd month a try.
JP has mentioned that he has been using Market Delta and has started to teach a little bit on how he is using that. He has also looked at the Video on Volume Strips to see if this is something that can be used.
Whomsoever wants to learn MP JP's room is a good place to start, but you still have to do your own study of MP. Re-read all the books on MP,not once but 3 or 4 times. MP is not a trading system and was never meant to be. JP created those setups himself over time. If you use MP to provide you with a structure of the market and to provide you with market generated information then you can obtain a statistical advantage without doubt but if you just want to join JP's room for setups without being able to read MP generated data for yourself then when you stop making money you will say that JP's setups do not work but, they are just setups.
Always, Always apply context to your trading. Know when a market is balanced or unbalanced, know when it is short invnetory or long inventory and what is likely to follow as a result, know when the profile is complete and where is not, know areas on the profile where it is likley to revist and why. If you are just taking a setup because it is a setup that way then you always have to take the setup and trade like JP. Use the profile to derive information about what happened in the market and therefore as a result a number of sceanrios could play out now you are not thinking in terms of setups but probabilities and using dedductive reasonging so please stop saying JP's setups do not work.
Trading results involve more than methods and setups. Results also involve proper psychological, emotional and mental restraint. Please prove to us that you also have used proper trading discipline, patience, emotional control and money management in every one of your trades.
BM if you really want an officiado on MP why not try and get Jim Dalton. I learnt MP from Jim and to be honest is there anyone better. Jim will not show you setups but will equip you with the knowledge on how to read the profile and how to interpret it then you can make the trading decisions yourself and not rely on a setup but be informed real market generated information. Worth a go.
Both, weekly profiles are very good though. You can also you can use bar charts as they are just as good as MP charts only thing in my humble opinion is that MP gives you information on the horizontal axis whereas candlesticks just gives you information purely on a vertical axis but you can get round this. I use candlesticks in my day trading on a 15M, 30M and 60M.chart. @Fat Tails has some really good indicators such as his auction bars that you can use to determine the trend and consolidation areas of the market which I do use.
@meyer99 if you look at a weekly profile you can see the benefit immediately. Prior 2 weeks POC and HVN was 1207-1206.75 which made it a a key under/over level.Last weeks HVN and POC was 1234-1235. But they say MP does not work anymore
This was a good week for the new people on JP's room to understand what I wrote above. The set ups work sometimes and do not work other times. When they do not work the result is a small loss, when they work JP will milk the trade all day long. Could it be any simpler?
Is this an underhanded accusation that I'm a shill? Let's not mince words. Once I'm clear on your intent, I'll become equally clear on what I think of it.
