I am currently in Chris's room and going through his course - I like his trading style and take on the market. I have done the lot, Fibonnacci, MP, etc. I like the supply and demand physics that Chris teaches and it really cements my understanding and he style is easing going and relaxed, which is my style.
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I've seen a lot of Chris's stuff and he has a way of interpreting delta.
Some of his theories do break down in certain markets. One of the main tenets behind his system is that big players enter and exit the market using market orders. This is simply not true.
I'll give an example. At the high of the day you will usually see a lot of offers on the DOM - this is the same on all markets. On the ES you may see 15000 offered but only 10,000 bid. You see a lot of selling (mostly 1 lots) and you also notice that this selling is hitting a fairly small bid but the bid is not really going down. This is a sure indication that a large player is stacking the offer to entice reversal traders but at the same time is buying all he can with an iceberg order on the bid. This is an aggressive play, the aggressor is the buyer and he is buying with market orders. I have seen 20,000 market sell orders go through on the ES without price tickind down more than 2-3 ticks before the buyer stepped on the gas, pushed through the high at which point all the sellers brought to cover and the player sold against that buying. He probably averaged 5-6 ticks.
Now - Fulcrum doesn't (As far as I know) use DOM/T&S and therefore will not be seeing this. He does state emphatically that pros use market orders and that's all they use. Just take that with a pinch of salt.
What is key about this style is that you are using data that is not price. It is a seperate and distinct dimension and as such it will tell you more than any price based study possibly can. It will take a lot of study and a lot of work but to learn about this stuff for less than $1000 is a bargain in my opinion. The only issue for some people will be the 6+ months from learning this to actually benefitting from it.
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I was told about this other thread/post some time ago and it is not accurate - I have never in my life traded for any prop firm so I have no idea where someone came up with that one (and I have never traded the Accordion in any prop group). I traded for a private equity group for about a year, and we had monthly returns of 3.3% to 8.1% in all the months I was there - never ever traded prop. Also, as I have mentioned here before...I am no longer a part of FulcrumTrader since that was taken over completely by the TradersHelpDesk group.
Currently, I trade my own funds and I have been working on a Kitplane project which I have wanted to do for some time. In the couple of years I was running FulcrumTrader, I met and interacted with some really great people - and there were about 3 that I have had disputes with for various reasons (sometimes people tick you off and you just don't want to deal with them). All in all, I am glad I set up FulcrumTrader to demonstrate a method for using Cumulative Delta. In the end, trading is an individual sport so each trader has to ultimately figure out (on their own) how to handle their personal trading - and this of course is everyones challenge.
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Chris, are you sure you want to keep this "discussion" open? So you never traded for a Swiss CTA/Prop Trading Group??
You were not kicked out within a few days because you 1) traded like a maniac, violating all risk parameters 2) not even traded your own setups?
You did not blow out that other retail account of Jake?
The only "managed futures" group I ever worked with out of the EU, I told them after one night of testing live I would never trade on their platform again. A platform with a third party add-on tool which had several major technical issues, to include the "ghost stop orders" problem that was going on at the time with IB TWS. You can't trade a platform that has stop orders that show on a platform but don't actually trigger if touched. I warned that group to junk that platform as fast as they can and go to XTrader 7 or something different. D_M (dom) with that same group raved about how great "huddy" was as a trader and would not stop gushing over the guy, and my question was, "how in the heck does he use that piece of junk trading platform set up?"
I find it rather odd when a guy that is suppose to be a Swiss Fund Manager is going around on forums bitching about other traders and yet he does not have the sack to manage (trade) the funds himself. When someone tells you your platform is junk and they will not trade on it you should listen. When you can man up and trade real funds like all the other traders on these forums (good and bad...part of the game) then come show us all your results. Your life will never get ahead cheerleading Huddy one day and then later saying how terrible the guy was on forums - that to me is just pathetic. When you MANAGE funds for a firm have the sack to say what happens on "my watch" is my resposibility, and if you don't like what your traders are doing just fire them and move on (since you can't even trade yourself - LOL). I don't see REAL Fund Managers from Chicago on the forums here bitching about what millions their traders lost last week, they deal with their wins/losses and move on.
I have traded for 11 different individuals or groups in my life...lost money for two and made 5 to 6 figure returns for 9 others, so like other traders I have wins and losses. That is how trading works and when you can actually trade yourself and show us a multi-year record of your results that would be nice. If you can't handle taking losses as a Swiss Fund Manager (pretty title) then get out of the game and take up something different. Man up and start trading yourself and quit bitching about others, set up your own fund and after a year or two come back here and show us all what you have got. Show us all what YOU can do!