Hello, has anyone subscribed to John Slazas JS Services Dashboard? The service looks good, especially when combining bookmap with the market structure levels. The subscription is quite expensive and I can't find any reviews online, so any feedback would be appreciated. Thank you.
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i look for days and could not find any thing at all. at the price point they charge it may be only used by high end prop firms and banks...like Bloomberg. i have seen all there veto on you tube. i sure it would be helpful but i think it would take 6 months of work to unlock the advantage of the software. for us small traders we only trade one market for the most of us. the software is like the TAS scanner on Bloomberg in the fact you can scan a lot of markets to trade only the best of trading conditions. you must have software like that to give you the market state, sentiment , key levels, any news coming out... and a quick trading plan on what to expect and what would a brake of that plan would look like...where entry stops and targets should go. that is one reason we blow out after a good day or week...when the wright conditions are there we trade well when they change we blow up. we do not have the know how to trade just the trending stuff
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Thank you for your reply forgiven. I will give the product a 2 week trial and see if it is for me or not. I really like how the product maps out the markets in a logical manner, so I'm looking forward to the trial to see how I get on. Once the markets start picking up in a few weeks I will start the trial and give an update with my feedback. I will be using this with bookmap, so my review will be based on entering positions using the JS Services levels confirmed by order flow (the levels are also available on Jigsaws DOM and heatmap, which is similar to bookmap). My personal preference is to use bookmap, but I do also like to use the superior Jigsaw DOM in addition to bookmap on thicker markets like the ES.
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i have a felling JS is very good. agree on bookmap too,, reading the order book for me works better on bonds,,the ES trades funny ..i do not know why but it does. it could be algos or two much volume. the bonds are slower so you have more time to do it. they do not seem to leak through levels by a few ticks like the ES.
I ran a 2 week demo of JS Services dashboard and was very impressed with service offered. Although I can't give a very thorough review, as I only trade due to work commitments 2 days a week (Wednesdays/Thursdays). Although I did review charts at the end of each day and the main levels seem to be spot on.
I am a novice trader and very much still in the learning process, so please take this into consideration when reading my comments. I have been interested in the markets for a long time, and read many books on trading (majority of which were not worth the paper they were written on) on and off over the years as an interest, but never actually started seriously until a year and a half ago. With hindsight analysis, I was under the impression that trading was going to be easy. How wrong was I!! Trading has to be one of the most difficult professions out there and unfortunately for retail traders there is just so much garbage that puts you on the wrong track.
Thankfully, there are some great free resources out there and a lot of excellent material on FIO. I did all the usual indicators and got nowhere with them and I looked at all different markets and timeframes. Initially I started trading a spreadbetting account, without any success. Although I managed to not loose very much money and generally broke even somehow, but I realized that I had a lot to learn and wanted to move directly to futures, as the spreadbetting companies cover their own interests before their clients. A good example of this was when the Swiss Franc scrapped their currency ceiling, thankfully I wasn’t trading the Swiss Franc at the time.
I would like to give a special thanks to the people that have been instrumental to my learning so far in no particular order: David Weis (modern Wyckoff method), FT71 (Stage 5), Peter Davies (Jigsaw), Anthony Drager (Market Delta), John Slazas (JS Services), Ferran Font Ramentol (Private Trader), Jim Harrison (Bookmap videos). All of the above have excellent FREE videos and most can be found here on FIO and additionally on youtube.
I came across JS Services initially after seeing that it was an add-on to Bookmap and Jigsaw Tools. If not available for integration into both Bookmap and Jigsaw I probably wouldn’t have come across JS Services. For anyone that is interested, I would recommend having a look through JS Services videos on youtube and check out their website, as these show what's on offer from the services provided and you can look at these to see if it is something that you would be interested in. John Slazas can also be contacted by phone and I found him to be very helpful in any questions that I had.
Below is a summary taken from JS Services, so the below are their words not mine. I have added this, to provide a brief summary of what’s on offer. It should be noted that I am in no way connected to JS Services or any other vendor for that matter.
The JS Desktop application is a comprehensive strategy based trading tool that supports traders of all levels of experience.
The Analytics are probability based and provide a clear definition of a market’s technical STATE, the price STRUCTURE of that state and the STRATEGIES that are anticipated to work best in that state and structure.
The benefit is improved awareness of the current technical “theme”, so trading tactics can be aligned, for a more intuitive execution of a trade plan
JS Services Research and Trading, LLC sets the standard for premium technical levels. Growing out of the Chicago trading floors as an independent research company, the Price Map has earned a reputation as a solid technical study that traders have relied on for over 20 years.
JS Services technical levels are more than just support and resistance. They are qualified inflection points that are compiled into a dynamic market overlay or Price Map, which can be used as a stand-alone strategy or as a supporting indicator for both high and low frequency trading opportunities.
As an Engineer (Oil and Gas Industry) , the process of the price structure really appeals to me and makes perfect sense and feel like I got the 'aha moment'. I instantly felt comfortable using the approach, as I was moving more to using price action only in combination with reading orderflow. But PA is only good if you have levels to lean against and these levels where the market needs to make a decision seem spot on so far.
However, I still use VWAP, Weis Wave and Volume Profile on my charts for additional market context only.
The levels identified are decision zones where institutional traders review their trades and as such you can expect a good level of market participation at these levels which is reflected in the orderflow to support these zones. Without price action and orderflow supporting these levels then I wouldn’t take a trade.
The approach is standardized to all markets, although for execution each market obviously has their own character, which can be witness clearing using bookmap/jigsaw or similar product. Each market does move in their own unique way and have their own nuances, but the market structure remains the same for each based on the JS Services approach.
Obviously it is early days yet, but I feel I will now be able to make progress and put my trading on the right track. Given my limited use of the product, this review should be taken with a pinch of salt. I have subscribed to the service, so will see how I get on. I am currently doing a 50k TST combine in an attempt to supplement my trading account and to also learn whilst minimizing losses to my personal account.
If I pass the initial stage I may look at putting up a journal for my FTP so that I can post my trades. I would probably have to update a journal at weekends, but I will first need to check with John Slazas that I am able to post screen shots of my trades. I think he will be ok with this, providing that I do not post live trades and only post at the end of the day as obviously this would be giving away free proprietary information away if done live. In any case I wouldn’t be able to do that and like I said I would probably update my journal at the weekends.
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i new the service would be good. my question is you need to over come a big price point to pay for the product. will it do that. is the bais indicator and trade plan that useful . or is it just the map. thank you mr. chips
Hi Forgiven, the monthly fee of $350 does seem quite high on the face of it. However, I think this represents good value for money.
For example, the price map structure is based on levels like a price ladder. The price difference between say the main critical levels would be classed as 1 AMPD (average price map distance) then inbetween these levels there will be a minor level 1/2 AMPD. The AMPD distances change from day to day for each market, but say we were looking at crude then the 1 AMPD might be around 70ticks. This would be your initial target, on CL I try to use around a 10tick or less stop, so straight away with one winning trade on a single contract the monthly fee could more than be paid for. Aiming for an initial 1 AMPD target has been great for my own trading, as previously I would not have been able to hold the trade long enough and now I am able to let the trade run if market conditions allow.
I manage to use tight stops based on using bookmap to identify where potential liquidity in the market is so that I can lean against it. Certainly reading the order flow on bookmap or similar product is a skill in itself and one that I am constantly learning. Using a product such as bookmap or jigsaw heatmap will speed up your learning process massively, as being able to see liquidity being manipulated on the DOM etc would be near impossible for me as I don't think I have the memory to see this happening on a regular DOM!
Its still early days for me to say if it is truly good value for money, but I personally believe for a skilled trader there would be benefit to using the service. The added benefit is that you can also look at opportunities on different markets, as restricting yourself to one market can potentially make you feel that you have to trade that day, when the market conditions may not suit your own personal trading style causing you to loose money. The downside to this is having to pay for additional datafeeds depending on the markets you wish to trade.
The trade plans are very useful, but you have to read what the price structure is telling you when it reaches the levels. This isn't as difficult as it seems as I use fairly basic price action in relation to the main levels on the chart (use a 3min chart standardized over all the markets I look at) and if I see the price action is working the market structure positively or negatively then I start looking at the micro structure on bookmap for execution. The JS Services approach is based on more of a fact based approach and the best way to see this is to just check out all their videos online as John describes this better than I can. I would recommend to study all the content on youtube prior to taking a 2 week trial, that way you will get more out of the trial. Obviously this may not be for everyone, and I can only speak for myself but I for one am looking forward to trading this methodology. Each trader would use this service differently, depending on their own trading style and you don't have to have bookmap or similar to use the product. Any trader interested would need to make their own judgement on the product after a 2 week trial as every trader is unique.
The following user says Thank You to Mrchips for this post:
i would agree trading one market is the down fall of many traders. that is why i looked at JS to start with. you would almost have to have some thing like it. just for the trade plan alone. but now you are talking about 1000 a month. i guess it would be no problem if you make 7000. i have seen all utube stuff is there any more advanced training or support that comes with it other than what is on utube. from your last review you said one big plus was the targets. you have a better idea where price is going. what about direction and the convection of that direction does it do any thing in that department are you able to use the bias indicator for any thing useful ..thanks again mrchips good luck and good trading