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    United States

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  • Favorite Markets
    YM followed by stocks and options
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    Charts:Quotetracker, TS
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  1. Hello, First and foremost I believe in reducing costs. Heck, when I started out buying mutual funds (20 yrs ago), I listened to my frugal grandfather's advice and went with Vanguard. I have used Linnsoft's MP program and it is excellent. However, I simply refuse to pay monthly to use a program. Call me old skool, but I want to buy a program and own it, not rent it and certainly not at $60 a month. I currently use Quotetracker, TOS, TD Ameritrade, and IB. Most of my charting is through the first two. TOS' Market Profile indicator sux. With that in mind, has anybody used FINAL's MP program. I see it is $249 one time cost and works as an add-on for Ninjatrader. I have never used either, but since NT is free, and FINAL's MP is a one-time cost, it seems the way to go. I realize I can download a trial version of the MP program. I am just soliciting reviews from people who have used it. Good? Bad? Any other options for MP that work with any of the above data vendors and don't require a monthly subscription a la linnsoft? tia Dalby
  2. Dalby, can you tell me more about your experience with a mentor. I bust my account 3 months ago and am now considering my return



  3. exactly. that is why volume profiles work fine with 24 hr charts. obviously time based profiles not so much
  4. im not sure what you mean by "increased risk" in re: futures. the only increased risk is increased leverage. if you want to trade less than (for example) a 65k (approximately) notional value in the dow, then using DIA's or even DIA single stock futures is the way to go. 100 shares of DIA has 1/5 the notional value of 1 YM contract. but that is the only "increased risk" trading 500 shares of DIA has the EXACT same risk as trading 1 YM. the risk comes (to most traders) from the fact that you can use MUCH MUCH more leverage with futures than stocks (and ETF's trade like stocks). if you have a 50k account, you can trade (assuming 4:1 intraday margin) 200k notional value with your 50k account using ETF's if you have a 50k ira, you can trade 50 k notional value using ETF's but using futures you can trade (depending on your broker) approximately 1.1 million dollars of notional value. so, you can get over 5 (at least) times the leverage. THAT is the danger if you are conservative with leverage, there is absolutely no danger in risk and as far as overnight holds, there is LESS risk since the futures trade (almost ) 24 hrs, and you can set stops for the overnight session
  5. index futures (Specifically the dow and the s&P) are PURE supply/demand proxies. stocks, to lesser and greater extent - are not the difference is that when institutions want to BUY (in general) they use futures, to a large extent. and when they want to see (in general) ditto... this is especially true in times of chaos, euphoria, and panic an individual stock, especially a thinner issue means you are dealing with market maker games. not an issue with the dow. the dow is a group of 30 very big stock. no individual player (or two) is gonna have much of a significant impact on it, except in rare and short bursts. so, that's a +, at least for me. for those that are very good at playing L2 games, etc. they might prefer certain stocks PERSONALLY, i prefer to trade index futures (intraday)... that's how i make my living. stocks i prefer to swingtrade, and buy for wealth building and dividends, but that's me. another nifty thing about futures (supply/demand proxy) is that internals can really really help you out, if you know how to use them - watching related sectors, bonds, adv/decl line etc. not so much with stocks
  6. i find that the bollinger band squeeze (not invented by hubert, but popularized for him ) is VERY useful not just as a way to get a good trade, but to AVOID a bad trade. iow, i have setups that i will not take (short) when a long squeeze is setting up this has saved me a lot of money. because when the squeeze sets up and then my fade situation sets up, it's the WRONG time to fade (usually) carter (haven't read the book but watched the videos) started me on my path to profitability. i have him (among others) to thank for that
  7. while kettlebells are a nice training tool, i think they are a (at this point waning) fad in the same way swiss balls were. and i've used both, but they are hardly the magick device that tsatsouline et al will have you believe
  8. if you are getting psyched out by the tape - don't use it simple. i traded futures for a while w/o tape. it is certainly not necessary to use. i do use it, but it is not necessary. so, if it causes you trouble... don't use it
  9. bulknutrition (aka 1fast400) is a GREAT website for bulk stuff. btw, here's a great way to eat oatmeal... first of all, i prefer NON rolled oats. irish style steel cut outs (cylindrical instead of smooshed flat. they have more nutrients as well, since they don't press them). oats milk (can use nonfat dry milk powder) banana protein powder egg whites once you cook the oats, add the milk, powder and egg whites and cook it up then add - splenda, and slices of fruit. (banana, etc.) can also add cinnamon (which is actually a nice fat loss aid believe it or not) if you are really hardcore, fry up some liver to eat with your oatmeal!!!
  10. bas stuff looks pretty good. i have done all sorts of workouts - run 2 marathons, done powerlifting and olympic lifting comps, etc. the HARDEST thing was the 20 rep squat routine. period. a la "super squats"
  11. in answer to the question - very. i have a background in olympic style weightlifting and to a lesser extent powerlifting. i weight train 2-5 days a week, eats lots of protein and i love working out
  12. i've never read any MP books, but i do trade MP on both a swing and intrdaday time frame. i find composite charts (multiday charts) help a lot
  13. i no longer trade Forex per se, but i did take a position in FXE quite some time ago in one of the accounts i manage (basically a dollar hedge). this is a great lowleverage way to take advantage of forex fwiw. it's a EURUSD etf, basically. now, i WISH i had 10 lots since i caught the equivalent of about 800 pips but... it's a consideration for taking a position play for those who want currency exposure, or to hedge against currency exposure
  14. absolutely, anybody who trades futures with a "mental stop" deserves to lose ALL their money. im pretty convinced some of the best moves are forced liquidations by traders having exactly that happen to them - brokers closing their accounts
  15. i also use no "classic" lagging indicators e.g. MACD, RSI, etc. i HAVE found the TICK DELTA ELD to be VERY helpful in confirming trades, ESPECIALLY for countertrend reversals. it is a wonderful tool mostly i watch key reference areas (market profile levels, pivots) and internals (sectors and advance decline and TICK) and make decisions based on how price reacts i also have a few setups that use specific formulae as to VIX and/or TRIN, etc. but none are particularly complex. i stay away from lagging indicators, which are what retail (ie losing) traders use i pay attention to price, internals, and the big picture
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