Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

bowler

Cisco futures course for Newbie

Recommended Posts

I am newbie to Market Profile though I have been day/swing trading for ES for few years. I read Mind Over Markets and ready for next level. From the forum postings, I understand that cisco futures course could be good start.

 

Anyone had experience with their long / short courses. How does they differ. From the website, short course is for day trader and long course is for swing trader. I am primarily a day trader however I do swing trade. Do I need to take both the courses?

 

Any comments on cisco futures course or suggestions for any other MP course will be greatly appreciated.

Share this post


Link to post
Share on other sites

yes, i took the short course as recommended by don jones at cisco. He has been doing mp since its inception. He is generous with his time and input, but you need to be creative in utilizing his work toward developing a method. I currently use a modified version of mp for Ninja Trader. I found that 5-day balances usually worked the best. The mp add on for NT has the ability to merge days (even break them down by 1/2 hr. period). The levels you get can be incredibly accurate. Ultimately, you have to determine what sort of time frame, how many contracts, etc... I trade off the pivots the MP gives me; e.g. a b/o with a pullback and then a move (hopefully to the next level) and so on. If you want to take a short route to trading mp contact Frank at balancetrader. There are others, but BT is straight forward (and less expensive than most MP trading rooms). I don't currently have any affiliation with either Don or Frank btw. My background and experience are no doubt different than yours, but I find that MP is the real deal; indicators are unreliable, but you can learn to trade with MP and perhaps volume bars alone with a little experience... Good luck.

Share this post


Link to post
Share on other sites

Thanks btfox. That was helpful. Did you find out how the long course differs from short course? I am a day trader who swing trades some times. Does short course covers both day trading and swing trading.

Share this post


Link to post
Share on other sites

Long course is 12 mo. and $1200, including all the data modules, trading engine, etc. Short course is 5 mo. and $600 (see: http://www.cisco-futures.com/

the "Trader Training." link) Likewise, it includes various data packages. If you are a short term trader I think I would go with the short course....and I think that you can extend the time if you want. Under "Free Stuff" there is a free two-week trial. Once you can log on there is a pdf of don's trading manual which can be downloaded. Without the course it won't be as much use to you... It's a good reference though. Good luck. Call Don and ask questions after a trial btw.

Share this post


Link to post
Share on other sites

Hi,

 

I'm new in Market Profile. I urgently need the following e-books on MP. Can anybody send me the ebooks? I would remain ever grateful to him. I'm giving my email address below.

 

Required e-books:

1. Mind Over Markets

2. Steidlmayer on Markets: Trading with Market Profile

 

My email address: kmbayezid@yahoo.com

 

Eagerly waiting for your reply.

 

Best regards.

Share this post


Link to post
Share on other sites
Hi,

 

I'm new in Market Profile. I urgently need the following e-books on MP. Can anybody send me the ebooks? I would remain ever grateful to him. I'm giving my email address below.

 

Required e-books:

1. Mind Over Markets

2. Steidlmayer on Markets: Trading with Market Profile

 

My email address: kmbayezid@yahoo.com

 

Eagerly waiting for your reply.

 

Best regards.

 

We do not promote sharing of copyrighted material. Please do not ask these directly on the forums. Thanks

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.