JPJTrading. Any thoughts?

[glenbee]

Just thought I'd add my 2 cents to this thread. I paid the $400 to enroll in JP's class last month and found it so rewarding that I didn't hesitate to pay the additional $800 for lifetime membership access to his chat room and member group materials. Prior to enrolling I had read the CBOT MP manual and I had read and re-read Dalton's Mind Over Markets at least three times. So I felt I was going into JPs class with a farily well grounded understanding of market auction theory and MP concepts. However, it became apparent from the get go that JP's objective is to take his students beyond theory. The bottom line is that he is driven by the desire to see his students make money. He is overwhelmingly passionate (and patient) when it comes to teaching a variety of very well thought out, logical (and very profitable) MP derived setups that he's identified for daytrading purposes. And while he focuses on the ES his setups and techniques are relevant to any market in which auction theory drives price action. I personally prefer to trade the NQ and I apply the setups accordingly.

Prior to joining up I had been trading the futures for 4 years using several common and one or two proprietary indicators to identify and time entries for high probability trade setups. My trading buddies couldn't quite understand why I wanted to pursue JP's classroom since I was making money every day. I explained to them I wanted to get a better handle on "why" price action unfolds the way it does each day and that I figured that JP's tutelage would help me achieve that goal. Well, it has and it will continue to. I don't know if any and every trader will take to JP's approach. In fact, I doubt it. But I am certain that those for whom the lighbulb goes off will recoup their membership fees after just afew trades. In other words, JP's program pays for itself and in my book that's the definition of "invaluable".

[marketguy]

Glenbee,
Thanks for your great addition to the thread. I have been studying MP for several months. I am slowly making my way thru Mind Over Markets and understanding it pretty well. I listened to Billed Dalton's audio class. I have been watching Dan Duryea's IOAMT daily updates and other videos for the past month. I have been watching AllyB's videos. All in all, slowly growing more and more comfortable with MP concepts and slowly weaving it into my trading.

Question: how prepared do you think one needs to be before coming into JP's room? Do you advise more preparation before signing up?

Thanks,

B

[OAC]

	Quote:	marketguy
	Question: how prepared do you think one needs to be before coming into JP's room? Do you advise more preparation before signing up? Thanks, B

JP want you to forget everything that you have ever learned about the market : MACD, Stochastic, CCI, Fibonacci, moving average, candlestick...etc. And learn the market his way and you will become an instant success. He is a genius.

[glenbee]

Marketguy: I think it goes without saying that the more familiar one is with market auction theory and applications the faster he/she will assimilate JP's approach. So, given what you've already studied I suspect you'd find JP's method incredibly easy to understand. I wouldn't even be surprised if you find a few things a bit elementary. I mean, when you think about it, market auction theory isn't all that profound. In fact, the beauty of it all is that is so logical that you can't help but ask yourself "why didn't I think of that and why doesn't everyone use it?"

OAC: I don't know if your last post was serious or sarcastic but I do know that it is inaccruate. JP couldn't care less what supplementary chart setups one uses. In fact, it seems to me that his position is "use whatever else works for you". Again, he couldn't care less. His methods don't require anything other than an understanding of how to "read" the story being told in a MP to be successful and that's what his teaching is all about. So I am sure there are many in his room who use a market profile chart alone. However, this does NOT mean to say one can't be creative and enhance JP's approach with his/her own methods if they're so inclined. I do. I'm sure others do. I have yet to come across anyone in his room who would be so arbitrary and arrogant to suggest otherwise. OAC, can you tell us where you got your information? Is it first hand or hearsay? Because as best as I can tell it's just not accurate.

[OAC]

Glenbee, good luck to your trading and I wish you a prosperous career.
All I have to say is to the newbies here, since this forum has become quite popular among mostly new traders. It has become a fertile ground for for vendors to promote their services. If you have any questions about JPJtrading, feel free to PM me.

[carcanaques]

	Quote:	OAC
	Glenbee, good luck to your trading and I wish you a prosperous career. All I have to say is to the newbies here, since this forum has become quite popular among mostly new traders. It has become a fertile ground for for vendors to promote their services. If you have any questions about JPJtrading, feel free to PM me.

Isn't there a policy here that vendors are not allowed to promote their services? I don't see JPJ posting here or any other vendor for that matter. Does that preclude members to start threads and ask about these vendors? Maybe the owner (no mods, please) will clarify what the policy is.

In my opinion, a far greater risk is using this forum for so-called "experienced traders" who claim success (but don't prove it) to promulgate their trading methods regardless how bizarre they appear to the uneducated.

The rating system here is also a bit absurd. Member's trading accumen is scored based on the number of posts they make (Traders IQ), not real trading knowledge. So many "Guru" and "Master" traders. Reminds me of my kids star system that used in kindergarten.

[marketguy]

Traders Laboratory is terrific resource for getting both solid information as well as personal view points. I started this thread because I had legitimate questions about a specific vendor. I came to my peers here in this room for their thoughts on the subject.

Indeed, I have gotten a whole range of opinions. Some, seem better informed than others. Some feel like rants. I welcome them all.

We live in an imperfect world. Our forum can only reflect that imperfection. I am really pleased with the feedback I have gotten in this thread. Where else could I have gone to get the feedback and info I was searching for? How cool this place exists.

As far as the vendor issue, I feel it's a non-issue. As far as I can tell, I got unbiased viewpoints by a few people who have used JP's service. I also got AllyB's thoughts on the subject. How great for a guy with that much experience to chime in positively on another vendor's service.

If we can't be discriminating enough to discern between solid, un-biased feedback and self-motivated endorsements or emotional rants we probably shouldn't be trading in the first place.

There is so much BS in this business. But there is so much that is real and good. We get to grow up as human beings and traders in our own ways and in our own time.

The TL community, all in all, really helps. Thanks everyone.

B

[OAC]

	Quote:	carcanaques
	The rating system here is also a bit absurd. Member's trading accumen is scored based on the number of posts they make (Traders IQ), not real trading knowledge. So many "Guru" and "Master" traders. Reminds me of my kids star system that used in kindergarten.

I think it bothers you because this IQ thing reminds you of school.Why do I say that? It is because this is not the first time you are complaining about it.
How about we start a StreetSmart Meter instead ?

[carcanaques]

	Quote:	OAC
	I think it bothers you because this IQ thing reminds you of school.Why do I say that? It is because this is not the first time you are complaining about it. How about we start a StreetSmart Meter instead ?

I don't recall complaining about it. I just think it is silly and could mislead novices to think that people with high "IQ" actually know any more than the person with a low one. There are members here who didn't post anything much more substantial than "sounds cool" or "gee, thanks" a hundred times and they win the honor of having a the label "Guru" next to their name. That may float your boat, but not mine.

p.s. Sorry to continue in an off topic mode.

[OAC]

	Quote:	carcanaques
	I don't recall complaining about it.

Sorry my mistake, it was somebody else(Patuca):

http://www.traderslaboratory.com/for...a-2623-15.html