[namstrader]

Is anyone familiar with Frank Butera and Balancetrader.com? It seems like this is the only Market Profile chatroom out there that I am aware of. I have been listening to his chatroom for a few days and I like very much his style and understanding of MP. I would be very interested in hearing from others that might be familiar with him so that I can feel more comfortable joining his chatroom or if it is not so useful after all, from another's perspective. Thanks!

[momentom]

Have a look at JP's http://www.jpjtrading.com/

He's the real deal.

[maildigger]

Can anyone tell something more about the style of JPJ ?

[momentom]

Tries to get a position on that is lo or hi of day using tails, VAH, VAL and POC, and then scales out taking profits at logical spots. Teaches it over a few months live trading. Wait until he does a trial week, but sign up as soon as you see its for you as he fills his spots before the week is out.

[scottrsl]

namstrader

First it is BalanceTrader at www.balancetrader.com

I have been a member for a month now and can highly recommend the site and Frank Butera. The method takes a few weeks to fully understand and implement, if you are new to Market Profile, and is well worth the effort. Frank is very honest and straight forward and is the only trading strategy vendor that I know of that makes far more money from trading his system than from the nominal fee he charges for his lesson series and to attend his room. It takes more than a couple of days in his chat room to appreciate his method and level of skill. He only trades low risk/high reward setups, so trades are few compared to other systems, therefore more time is required to learn the system.

Frank is a devotee of Dalton ("Mind Over Markets') and has taken Dalton's theory a step further by putting it into practice with his own trading techniques. Using Frank's method you will be able to get the most out of MP, which in my opinion is the only way to trade. Trade the trends, avoid the chop. Could not be easier.

scottrsl

[namstrader]

Thanks Scottrsl, I will someday go with him when I am ready.

[momentom]

Originally Posted by scottrsl »

namstrader

First it is BalanceTrader at www.balancetrader.com

I have been a member for a month now and can highly recommend the site and Frank Butera.
scottrsl

Hi

What markets does he use to teach? Thanks for the endorsement.

[scottrsl]

momentom

He uses YM only....which I switched to from ER2 to learn his system. I will be sticking with YM for reasons he gives in room.

Also, he gives Outlook for coming day, based on YM profile, so it is best to stick with that IMO.

Further, he makes trade calls for entry/exit zones based on YM, so....

scottrsl