Anyone had experience with Valuetrader.com or their wavetrader / low volume node stra
Was doing a little youtubing this weekend and came across valutrader. I had never used volume in my trading before and it looked to be a good system to spot where the low volume and high volume was without having to have the bigger market profile up.
I bought WaveTrader and Val's original HVN program. I think WaveTrader has a lot of potential. However Val was just starting up his new (at the time) HVN program and he became totally focused on that so I am sorry to say the support for WaveTrader was minimal at best. There was supposed to be a Skype chat room for it but there was no one there. And Val stopped trading it himself to totally focus on HVN. So big disappointment for me.
As far as the original HVN, the premise is good (trading high volume nodes) and Val himself does well with it. But he has tremendous knowledge of market structure which appears to be a requirement with HVN as he knows when to pass on trade setups and when to switch to alternative chart timeframes to find the proper entries. He would attempt to impart his knowledge of market structure once in a while. But of the HVN software purchasers in the HVN Skype room, I did not personally see any of them make money with HVN and the vocal ones complained about losing money with it. Val does not call trades but will show his results at the end of the day - again he knows what he is doing with it and does well with it.
Anyway, I now see Val is doing yet another program but based on my experience, I will pass.
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Thanks for the feedback, I was watching more of his vids, just going way back to see how the thing had developed after you mentioned that. It's obvious that he could trade his chart naked actually, just from how he can draw structure from looking at some of these genesis vids (ie before he started tacking a lot of bells and whistles on the charts)
I take that from this
This is before any of his recent stuff and actually explains his paint bar studies and all that.
I wish I had the nack for picking out those support/resistance structures, I'd be much more successful. Worth a grand? dunno.
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What I don't like is that he always seems to post a video on YouTube - of him trading of REPLAY acct -- NOT Live :O
I don't like that...
I would rather he record a few of his personal trading at least for one hour >>> even if it is without narration. I don't care about the narration. He can add that later if he wants to.
I rather see real trading than SIM / REPLAY Trading...
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Hi all. I'm an independent trader from the oldest republic in world san marino, situated in italy. It's a long time I'm following futures market, before forex, before italian covered warrants. I trade since 2000, I was 19yrs old. I've passed through many systems and as many of you great traders say as fattails or thewizard and others, the best system u can follow is the system U Create urself.
Now regarding valutrader, he uses this system on nq and cl. u trades 1-2hrs mostly at the opening of cl (and sometimes before) and the first hr of nq.
In this system there are many types of signals, think 8-9, can't even think how many there are. the manual he gives does not explain all, 2 only. the rest u have to find out urself from videos.
So explanations are (vote 1-10 3)
the videos he makes everyday i think they are in replay. u can find them in youtube or on his website.
When i purchased the system, i said, hmm 1000 bucks for this seem worthed. well now I would say, hm 100 dollars for this is more the enough.
I was there in the chat room, he does not explain trades or anything else, he just keeps the room open, not doing anything. He says he trades the market with a capital of 300k and more and uses max stop each day of 1-1500 dollars.
he takes the trades mainly on these signals called aggressive trades and scalp trades. some are good, some bad. u need to filter them out, u need other things. the chart has so many things on top, lines, indicators, but then when u tell him why I'm getting losses and he's reporting only good trades, well then he replies to "EXPERIMENT"....
yes experiment, as if i m a scientist. If I wanted to experiment I would have done medicine at university.....
HE ONLY PUTS VIDEOS OF THE GOOD ONES, OR A SMALL LOSS MAXIMUM.
OTHER PEOPLE WITH WHOM I VE SPOKEN IN THE CHAT ROOM ARE VERY NEGATIVE ABOUT THIS SYSTEM AND ALSO NOT PROFITABLE.
this is just my 2 cents, much better on this forum.... if u want some screemshots i can send
THx big MIKe
Jo and fred
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