Thx Amin for the clarification.
Again is 10tix initial risk too unreasonable to ask for on trading CL?
I don't think so.
How does she know of $200 profit on 3 contracts?
Even if it were the case, these are hi probability setups.
I'll gladly make $200 a trade consistently. The price action would have to have gone at least 20tix or so.
T1 = 6tix
T2 = 10tix
T3 = 10tix trailing stop
I will look back to Wed and try to post pic of this CL move
Furthermore I am not attacking anything, I am just stating the obvious.
I am sorry that you are so offended by my observations.
You made this attack personal, I however will not do that !!
I am the first one to tweek my methods share the tweeks with my trading friends, advise them of better charts timeframes indicators and methodology. So, no its not my way or the high way. Nor is my mind twisted in any way-
Again, I am not knocking the system or you for that matter -
I wish you the best of luck really -
The following user says Thank You to mroussos for this post:
Yes Wednesday had a large CL move.
I did a measured tix move of approx. 128 tix from A to A or 93.30 to 92.04.
Keep in mind I trade from 7:30am. The peak of the sell off started late on previous session.
I will note the probable setups that could have been taken if you up during the Euro session 3am
1st setup: No Trade. Too many ABC's. Too much price stall. Green Stochastic on 3LineIndicator.
Pass on other setups with Yellow 15MA
2nd setup: ABC after stall. Goes 18tix. Profit for 3 contracts $180.
3rd setup: ABC after stall. Goes 11tix. Profit for 3 contracts $160.
4th setup: Bunch of no trades. Again looking for hi probability setups.
5th setup: ABC after stall period. Resumed downtrend. Goes 20tix.. Profit for 3 contracts $200
See chart below....
So after 3 conservative setups... total profit $540.
Interesting how the money wasn't made with the BIG move. Let price settle down and take the core trades.
ABC was the one today with the regressive/pull back towards the 15MA
Last edited by msull35706; November 30th, 2013 at 06:47 PM.
The following 4 users say Thank You to msull35706 for this post:
Vendor Review threads are for users who have experience with the product to share their experience.
If a user has used this product and thinks it is good, they can make that post. If a user has used this product and thinks it is terrible, they can make that post.
It is not acceptable for a user to take on the role of moderator. It is not acceptable for any fighting to take place.
Once a post has been made to review the vendor, that user can move on from the thread. If the user makes subsequent posts about how great the system is, it looks more and more like an advertisement and I start to question whether the user is just inexperienced in the way of trading vendors, or if they are themselves affiliated with the vendor. So let's avoid that.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post:
I have not used this vendors product I am just adding a bit more information for others who may come across this information.
I came across this thread alst night and noticed the setups that MIke S. had posted. A combination of his enthusiasm and the objectivity of the trade setups lead me to look into this outfit a bit more.
For those interested in learning a little more about the offerings of RLT I suggest visiting their site and examining the Partner Video they did with Ninja Trader, as well as his market recaps of trades he ahs taken in his trading room. There is a decent amount of information presented and Mark Sachs seems sincere enough to answer any questions asked.
After watching the video in its entirety I did a little more research. While RTL is in fact new on the scene in regards to being a vendor (as of ~Sept/Oct 2013) Mark Sachs had originally tried to get this off the ground back in 2006. With the exception of recorded webinars with other vendors as sponsors, I found very little information about RTL or Mark Sachs trading background.
With that being said, everyone has to start somewhere.
I believe Mark has put together some things and findings that has worked well for himself personally and is now turning it into a business model to teach others what he has put together. This is no different than any other vendor out there who has something of quality to share.
Hopefully this post will enlighten people to do their own due dilligence in researching a vendor or product in their quest for additional trading education.
The following 2 users say Thank You to Jester for this post: