Danielle and I speak regularly as well as several other ex-Masters Palace people via Skype.
I spent a week in a house sharing it with his brother Manny so I know who Henry is, his background (or what little I knew of it) etc. but I never got the true reason for his name change or his 'real name'.
His fake name was not 'Poi' but "Henry Roche" at least that is what he wanted to be known by when I dealt with him. Who knows what it changed to in the time I didn't attend their seminars etc..
Henry just left his wife (a week ago) with her infant child (his kid too!) and he is on the 'run'.
EDIT: At the end of the day, this is all drama, so this will be my last post on this thread. I do not wish to judge or condemn and not a noble trait and I need to spend my time focusing on charts and not people who choose to 'vend'.
Wow... And for the record "This Cat" --- Me (from the comments) doesn't want to share anything else about NFT because I am not involved with those people any more really. I have no money invested, and I have nothing to gain by all the drama. I feel bad for not turning that scumbag in but I listened to others not to, so I do not have good emotions surrounding this entire fiasco...
what makes me wonder...
i was never a student of his. years ago someone sent me a set of videos which must have been recordings from his classes. It was immediately clear that he had some kind of disorder from the way he talked.
On the other hand it seemed he had a thing or two to teach. I cant tell if he was live or not on these vids but i had the impression he's probably not the worst at trading.
Did he actually ever trade his own account live?
Was it just pure greed making him rip off people or did he have psychological issues trading real money maybe?
The site is down when I tried to see it recently. Actually it looks like it no longer exists. I found the "cheesy" (the one where federal reserve notes kept being thrown out of the monitor at the lady; where those $100 bills? ) video on youtube, http://www.youtube.com/watch?v=FAXNkC1_cL4 ,
then tried the website link.
Identifying a pivoting market day vs a trending market day
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Hey Jorge, ill do my best to make the above questions clear to you as i think bluemele has taken a vacation from trading
What you have to understand with any method, every day is different as such. One day you will get a sideways range bound day the next you will get a mega trending day
This is your job, to NOTICE and feel the market
Yes the indicators give you signals and yes the Fibs acs as pivots, but that’s all
It your job to be able to read the market, you cannot just rely on indicators and fibs or every one would be making money easy, reality is you have to be a experience trader to be able to know what to look for and what the market is trying to do
I don’t believe this is just a pivot trading method, in a trend you get retracements to the 50% and the 89% if this is a pivoting market why are we looking for retracements and follow through on different charts. You are using the Fib levels to MEASURE the moves in the markets on different scales
a AB=CD patters which is the 100% extension from a pull back is a trend continuation trade
Its your job to analysis ALL charts, get a big picture in your head. Decide were price is looking to go with the overall power of direction. Then you use the FIB`s with home plates and the indicators to line up for entries with minimal risk
Like i said one day is never the same as the next
You need to develop the skill to know whether we are looking at a range bound day were you can use pivots or if we’re looking at trending day were you will be looking to trade deep retracements in the direction of the overall trend and have the ability to recognise change quickly
You will never find a method that is as simple as it looks or sound, you need to develop the traders instinct and vision and be able to ignore what you brain is thinking but recognise what the markets is telling you and act on it
Also you will know when a trend is coming to a end and why because is will be a move completion on a larger charts. Its be in able to under stand why price has gone were is has gone and why it has stopped. Once you learn this skill you will under stand why price does what is done 99% of the time. I used to be the same....but now i know and understand why these markets move the way they do
You also need to under stand the correlation between the diffrent charts and how they work and line up. Just because yhe 1597 is not lining up with all the other charts. Does not mean there is not a trade set up or the markets is not doing what it is supposed it is saying it is goign to do. Read and under stand how the picture moves through the diffrent time frames
Every thing is correlated, just because they are not all correlation all time does not mean they are not working. Its understanding WHY........................................
Hope this helps
First of all, thank you very much for your post answering mine
I know and understand that everyday is a different day, that sometimes you may have a pivoting market day or sometimes a trending market day. The issue here is how to identify which is which. You tell me that I need to notice that, that I need to get experience on this, but the quesion here is, how?
I know there´s no perfect system or method, but there´s alwas a a way or an indicator that can tell you wether the market is trending (with pullbacks) or moving into pivots, but in this method what can help us with that.
The NFT method taught us to wait for four aligned macds, this is from 144 to 610 to take an entry in counter-trend and to have a fib homeplate. However, when the market is trending you may have 5, 6 or 7 macds aligned telling you the market is about to change direction, but that does not happen. What I meant with the example of the 1597 macd, It was not that the 1597 was the only one alligned to change direction, but that all the other shorter macds are also alligned, but even with weakness in 1597 or even in 4181 telling you the market is about to change direction it results it does not change. I know that when this happens is because the market is following a higher time frame pattern, so the question here is how to identify which time frime is following.
You tell me about the AB=CD pattern or the bull or bear flags. You can do a measurement again let say in the 1597 time frame. The market reaches the 100% extension of a bull flag let say, you have 7 indicators alligned to change direction, but still the market keeps pushing more up. You can reach even the 200% extension of that bull flag and the market keeps moving up, so how to know if the market is trying to complete a pattern at the 1597 or 4181 or 6k or 10k or any timeframe. Even Henry did not know that and that´s why he had problems when he started trading the ES, becuase at that moment there was a sell off of the market.
We know that in any trend there are always pullbacks. But if there is a uptrend, the nft method gives you several signals to go short, because you have completed homeplates and there is correlation in more than 4 macds, but still the market keeps going up. On the other hand, if the market is uptrending, we should try to take a long not a short, but the method does not give you clear signals to take a long, it only gives you clear signals to go short, but that they are false. signals. Or even, you take a short because you see a possible pullback, the market indeed pullbacks, and suddenly the market changes direction again to keep on the uptrend, but not having even weakness at the 144 macd for you to cover that trade.
I think the NFT method is a very good method but for pivoting markets and even when you can have successful trades in a trending market those trades will go against the trend, instead of flowing with the trend.
Could you give me a hint on how to notice or feel if the market is following a trend and which one? What have you done to develop such skill. Is is true that when we are learning to use this method, we mainly focus our attention on the 144 chart, but then I understand that maybe we should focus our attention first in other time frame charts to find out the mood of the market for that day.
And as I said, when there is a trending market we should take trades on the trend of the market not against it and the method teaches us to take only trades agains the market.
thanks again and I hope we can keep giving feedback on this topic.
The following user says Thank You to jgomez74 for this post:
Just a few quick question and im going to have a good think about you comments
1. How long was you a member of NFT for?
2. How long have you been trading for
3. How has you trading been going, are you a profitable trader?
4. If NFT was still online, would you continue to be a member?
I was never a member of NFT, so you have most probs been educated on this method to a higher level than me. But i have been trading for over 5 years now and have been extremely dedicated. I took me years to become profitable. I went from trade room to trade room to mentor to mentor untill i decided i have enough understanding and could continue on my own. I think i have always been a good trader in the sense of taking valid trade set ups and reading the markets
My main problem was all mental, I COULD NOT TAKE A STOP LOSS!!
My sim account had win loss ratios of 52% wining trades and i had banked over 100k of a 5g account
My real account had +85% win loss ratio but my profits were in the HARD RED
This was bacause my winner were nice, but my losses were HUGE because i would dig my self a hole regards my stopp loss in a trade
one of the hardest things i have every had to over come in my life. I knew not to move my stop, but every time i did it no matter what!!!!
Only when i come across the NTF methods and mental teachings i found i actually started to become profitable
I believe this was because the method made complete sense to me, i knew were there trades were coming and were to take profit. this made me confident in taking stop losses...along with some of the mind over matter teachings i found from NFT
I understand what you are saying in the above statement, but this method has put me in the +50% edge like Orin stated allowing me to make money now :-D so i believe what you are worrying about you should forget
I have also heard for a few people about how the markets started to change and the method suffered because of this change. I have had some talks with Orin and this is my conclusion
NFT focuses on tick charts
Tick chart bars create a bar every 144 tick bla bla bla
So for every 144 contracts we see a new bar plotted
So if 2-3 years ago we saw a average daily volume of +80,000 contracts traded
Now the daily volume on average is +150,000 say
so the tick charts move faster and the set ups are changing
one job as a day trader is to recognise change and act on it and understand this
I think some of the markets like crude oil and the ES just have way to much volume and speed making it very hard to use this method unless you understand the above
I may be wrong but this is my opinion
Sorry about my bad spelling and grammar, English has never been my strong point or interest even though it is my native language LoL
Don’t help me make money so no need to master it :-D
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"