Todd Brown always did the videos for this company years ago and he was really good, one to one moves he would to talk about and i learned them and still use them today, and he new what he was doing , but he would get deep then go off in a trance and start talking about tony robbins the big motivation speaker and salesman, structure and all other other stuff i cant remeber, sounding like a scientist like carl segan talking about the planets. confluences, influence, srtucture, rule sets, price modules, deep space, and on and on till you almost fell asleep.......lol
But what there showing in the video is nothing more than macdbb lines. The yellow dots on zero line of macd.
The following user says Thank You to K44charts for this post:
The trading authority .. will give you different models of there day trading swing trading system ..and teach you all fib and structure trading .. again models are something very basic and which u can get on your own watching few videos or develop on your own ... the most important part of there training like many other will be money management discipline .. how to back test the system you created and trade it .. Thats all i have came to know .. So if you dont have any system or idea .. i would suggest you to look around Bmt . lots of profitable ideas floating around here .. and trading authority is not going to provide you any stuff better then here . that i am sure of .. Just my one cent ..
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I attended a few days of free live room sessions a week or 2 ago. They really stress doing your own backtesting with the system and doing the work to have confidence in the system. But as was previously mentioned, the meat of the system is just MACD Bollinger Bands with signals at the cross of the zero line. The "fib dots" as they call them are just the Super Trend indicator. futures.io (formerly BMT) has both of these. The "TraderTrend" is some combination of RSI and a couple of EMA's. The "BigMo" is just an EMA with a channel drawn a couple of ticks to each side of it.
The manual has some good things in it, especially filters to consider and multiple contract strategies. But they really leave it up to you to decide what filters to incorporate into your trading plan and it is sort of lame that most of the indicators they sell for the system are probably just modified from freely available indicators around the web.
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ALTHOUGH I HAVE TRADED MARKETS FOR 40 YEARS, I HAVE JUST SWITCHED TO DAY TRADING.
I ALSO HAVE A.D.D. AS AN EXTRA BONUS; TO ME A FLAT LINE HAS VOLATILITY.
DAY TRADING REQUIRES A DIFFERENT MINDSET FROM POSITION, SWING, TREND, RELATIVE VALUE, RISK ARB TRADING THAT I HAVE BEEN ACCUSTOMED TO.
I FOUND USING PREVIOUS KNOWLEDGE FOR DAY TRADING WAS DETRIMENTAL TO SUCCESS.
IF YOU FOLLOW THE TRADING TODD, JASON OR GEORGE PROVIDE, YOU WILL COME OUT A BETTER DAY/POSITION TRADER. THEIR SYSTEM AND SYSTEM APPROACH ARE GOOD AND IF PROPERLY USED, WILL BE PROFITABLE.
THE MOST IMPORTANT ASPECT OF THEIR APPROACH FOR ME WAS THE MENTAL TRAINING THEY PROVIDE AND FEATURE IN THEIR ROOMS. POSITIVE EXPECTANCY (CONFIDENCE) IN THE SYSTEM, YOUR ABILITY TO FOLLOW YOUR RULES OF ENGAGEMENT AND SOMETHING THEY STRESS ALL OF THE TIME; REPETITION. REPETITION OF YOUR RULES OF ENGAGEMENT FOR YOUR MARKET AND TIME FRAME. THEY CALL IT BACK TESTING AND FOR ME IT WASN'T SO MUCH BACK TESTING A SYSTEM BUT RATHER YOU USING SIM TRADING UNTIL YOUR TRADING BECOMES AUTOMATIC IN THE APPLICATION OF YOUR RULES OF ENGAGEMENT.
LIKE I SAID EARLIER, THEIR SYSTEMS ARE LOGICAL AND THEY WORK. TO ME, THEIR MOST VALUABLE FEATURE IS THE MINDSET THEY PROVIDE AND TRY TO INSTILL FOR ONE TO BECOME A SUCCESSFUL TRADER.
DAY TRADING MARKETS WILL ALWAYS BE THERE (I HOPE). THE QUESTION IS, ARE YOU THERE AND PROPERLY PREPARED TO EXTRACT MONEY FROM THEM IN A CONSISTENT MANNER?
IF YOU ARE, CONGRATS! IF NOT, GIVE THESE GUYS A TRY.
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