I am not aware of them but i have a SIMPLE RULE that if a vendor does not provide background of the people
running the show, i just skip them.
Look around and every reputable vendor/service provide in any industry will have details about it's principles
like education, experience, expertise, professional designation etc.
I just watched their video showing their so called order flow in CL. I can tell you anyone looking at 10 ticks etc. for target, moving stop loss to B/E with 10 ticks stop loss and looking to make $1000 on 10 lot position
does not what the hell he/she is talking about.
Last edited by mfbreakout; January 1st, 2014 at 09:48 PM.
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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.
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I have been trading for 5 years now. 3 years in equities, and that last 2 in futures (ES, 6E, 6J, TF)
Before I joined, I looked around for any reviews about TradingTheTape.com but couldn't really find any - other than the ones on his website. So I was very skeptical about joining.
I joined TradingTheTape.com about 3 weeks ago. I am very impressed by their methodology! They do not train you with indicators or rules! They teach you to UNDERSTAND the orderflow, which is priceless. They trade the ZB and ZN primarily (I only trade the ZB).
Included is a strategy software for NinjaTrader that performs many functions. One feature is it tracks the orderflow at each price point, and another order flow count for the inside market, which resets to zero when the inside market moves. The Strategy also helps to handle exits in ways that the ATM cannot. You could trade without his strategy software but the way it handles your stop loss ,which is brilliant, cannot be duplicated in the ATM.
I have been trading a live account for the last 3 trading days, using what I've learned from Scott, and have been profitable each day. I know 3 days isn't very long, but I've traded over 20 days in SIM under Replay mode and was also very profitable.
You also get a lot of personal attention from Scott. Scott actually Skype'd me before the first weekly webinar to see if I was going to attend! During his last webinar he mentioned that if we are not profitable by the 3rd week that he would do a one-on-one with you to see what you are doing wrong.
The last webinar he held this Saturday was worth the whole $750 I paid! - That's not a joke! (And I have attended A LOT OF WEBINARS in the past!!)
He has a feedback page: Feedback (I'm Mike M from Arizona)
Scott has a daily chat room which he is in for the first hour of trading. He gives you his view of the market and potential trades, and comments on our trades. The chatroom isn't really meant to give you trades, but rather for you to confirm that you understand HOW to trade.
I don't know what the success rate of his other members, but I would put them against Pristine.com's any day!
Overall, I am very impressed with Scott and his methodology. I also know that I won't be buying any more dvd's, books, indicators, mentorships, and software - I found my trading method - period. I only wish I found TradingTheTape years ago.
Good luck in your trading everyone!
I'll follow up again in a month or so.
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I joined for a few months. They're very good. His methodology is solid and his software is very helpful. Once you learn to read the numbers, it's very doable. Like anything else, it takes time and practice.
In the end, I really preferred my own style of trading and the programs I've written - just a personal choice. But I wouldn't hesitate to recommend them.
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Favorite Futures: Currently European and US equities
Posts: 432 since Dec 2013
Thanks: 222 given,
There's not much info on the program other than the cost being published. Fair enough they may want to keep the materials under their hat. However I'm not a fan of trading rooms as a way to get into trading so I may be slightly biased. But if you want to learn tape or flow reading have a look around there are some more transparent alternatives about, not many books though! I suppose because it's more an art than a science, but an interesting skill to learn no doubt.