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.

karinka

MP and Electronics Trading

Recommended Posts

This is the first day of plotting these kind of bars.

EL(or anyone that cares to), if you see this I was wondering if you could offer any enlightenment on them. They seem to be significant when the high volume node is at one extreme and the bar close is the other way.

TIA

 

Images | ChartHub.com

This is the stuff I look at inside the bar with MD.

 

I first lookj at the left spine of the bar to see whether its a red or green candle. Your first one, a red candle, is fairly representative. You see the highest volume near the open of the bar shawing the bid was hit with the bar's highest volume near its open. I then look at the other stuff \i speak abot in my blog.

Share this post


Link to post
Share on other sites
Guest da Vinci Like

Hello,

 

I am a little new to EL's setup but I think he keeps it really simple, which is great.

 

Here is how I document each ES trading day to learn the patterns of the market.

 

Snips of my Market Profile and Market Delta Bid/Ask Footprint charts have been pasted in key areas.

 

If this helps anyone I can post more. This is part of my daily routine. The day is 3-10-10, which was a normal variation day in my opinion.

 

Art

5aa70ff33188a_3-10-10NormalVariation.thumb.jpg.5931480c8cdc6a891963658857d4825d.jpg

Share this post


Link to post
Share on other sites
Seems like a lot of money to pay to someone who hasn't called a single trade live and only marks up charts after the fact.

 

It may seem steep, but consider the fact that he has laid out his strategy for months on end at absolutely no charge. This is basically an offer for people that either can't or don't want to take the time and make the signals their own through trial and error. I personally don't find value in spending money on a trading mentor, but he has the right to put a value on his time if he chooses. If he made the offer and no one replied, he would realize that people don't value his time the same as he does. It sounds to me that he has had enough interest to move forward with it, so kudos to that!

Share this post


Link to post
Share on other sites

Okay, it often happens. "EL" seems like a good guy. I've read many of his blog entries and have some questions about the trades. The entries are often late in the trade. The P, b, patterns have been proved unreliable statistically by Tom Alexander. Market Delta is an interesting software product. Anyone who has traded on the floor will tell you that buying and selling at the bid/ask is not indicative of market direction--especially on lower time frames. Big money may be bidding up a market only to turn around and sell it. That's a fact Jack.

 

I was waiting for the money shoe to fall. Little money mgt., and too much more is not present in the blog to convince me that this training will be successful. He's been on the web for less than a year. No one is CP definitively in a few months. The successful traders testimony is not reliable--essentially it is equivalent to a placebo. Markets change and traders disappear like that.

 

I won't carry on or try to discredit anyone. Buyer beware. Ask questions. Don't be afraid of offending him, or perhaps shattering your dreams of suddenly becoming a trader. It don't happen that way pal. I'm tellin' ya, it ain't gonna happen.

Share this post


Link to post
Share on other sites

First, let me repeat what I said in the blog announcing the training:

 

I DO NOT want to start a trading education business, or be a seller of trader training CDs, and I don't want to sell indicators or a book or sell training webinars. and neither does Kiki. I'm a trader first, last and until I can no longer put on a trade. But, the emails asking for training, mentoring and coaching continue to roll into my inbox in a steady stream. So I think we have some unfinished business.

 

This is a once only deal and then I think I have fullfilled my resposibilities to this industry that has given me a good life.

 

Training of traders in our industry has been markedly unsuccessful and still 90% or so, may be more, fail. Why? They haven't been taught what it takes to become consistently profitable (CP) traders..

 

The blog has been going since October when the training of my daughter jumnped into gear. Since then, I have received probably about a dozen emails from traders saying that what they learned along with Kiki in the blog took them to CP.

 

That doesn't mean that everyone who I train will become CP. Some people will fail because they will not do the work required, others because they want tot take short cuts and not follow the program. Finally, and perhaps the biggest group, will fail because they have to make money from day one, can't internalise that there are losing trades and are totally undercapitalised not just for margin but for living costs.

 

The blog has a Google search built in and when I just used it, there were 14 posts about money management. This is one of the keys to CP. Using range bars makes this easier as I show in the blog.

 

My two wished for this effort are that everyone who wants to has the opportunity of taking the training. I won't be offering it again. It's hard yakka as we say in Oz and I'm taking a 50% pay cut as the other wish of the effort is to be able to give as much to my charities as I can.

 

So in this cynical year of 2010, you pays your money and you takes your chance but read the blog of the last 8 months, I hope it takes you all to CP and if what you have read sounds genuine and you think more of the same, some of it 1 to 1, will take you to CP, take the trade and join the training, even though there is no stop loss.

Share this post


Link to post
Share on other sites

Hello Tom, my experience with new traders is that, assuming that are presented with a profitable technique, will not be profitable for a meaningful period of time. They are going to need you six months or 18 months down the road when they hit the washboard at 90 mph.

 

I read enough. I might give 1 or 2 of your students a chance, given their persistence and experience, etc.. Who taught you? No one I'm willing to bet. You learned to trade from the school of hard knocks. These guys haven't likely stood across from a trader who would pick his pocket and smile and look him dead on in the eye.

 

I saw the pitch coming after the third or fifth time reading this. Students send you half the fee and the balance directly to a foundation? I'm not afraid to ask. Remember Gary Smith? He traded about $15k to $75k in the early 90's--by following the live feed running across the bottom of the screen on MSNBC. Gary produced broker statements. That's a "stand up guy" in my book.

 

I've watched traders pick up checks $10 or $20 grand for a Vegas weekend. I also know traders who were putting $10k in the bank everyday who are now brokers--$60k margin calls.

 

It's pointless to argue about it. I'm putting forward what I've seen in the course of my experience. There is a cost of doing business. I don't know you. I know floor traders, floor traders with traders upstairs executing the other leg of a spread trade. I've seen order flow traders--they don't use charts or T&S, just DOMs.

 

I know traders who are successful, but not necessarily good teachers. Yes, you can give a student a nudge. They remain on their own when it comes to achieving success. Is this worth the cost to them? I'm not convinced.

 

I do know that saving money by learning to trade without spending too much on resources, losing and starting over, is the smart road. If your account is $25k or more you have a much better chance of success. Hold on to your money is my advice. I've read, more than once, that the average retail account is about $3000.00 and the reason brokers are always on the phone looking for new clients. Does that ring a bell anyone?

 

Good luck. I don't wish anyone ill. Trading is a hard. There's no hand holding, a place for persistence and innovation. Often successful traders are the ones with a unique novel approach.

Share this post


Link to post
Share on other sites

Hi btfox, your observations aare very sound and I agree with a lot of them. Th is is not an easy business. In my 30 plus years, I have taught a number of traders to trade successfully so I have my own experience.

 

To be frank, training people is not the most fun I've had. I'd rather just trade. In the past, I did it with people I was doing a favour to for one reason or another. This time it's to finish something I started that grew into something I did not predict.

 

We will go through how to create a setup, triggers, backtesting to validate and the thought processes I go through at during the bar when the setup has come together and evaluating it against the context to decide if it should be triggered at the close of the bar.

 

I would not knowingly embark on a fool's errand. I don't just teach a technique. They are a dime a dozen. If it only needed a technique then there would be 90% of traders that are successful and 10% losers, not the other way around. What I hope to do is teach the students, most of whom are not newbies but guys with years of experience albeit not successful, how to take that step of putting a technique into practice and laying out the steps to consistent profitability.

 

We have almost 4 months together to do this. And I'm not going to be a stranger after that.

 

Will they all become consistently profitable? l? Probably not as I said in the previous post. However, I do expect some to achieve that within the 4 months and others not too long afterwards.

 

As you correctly pointed out, trader beware. Although $5k is not a lot of money for 4 months of training, intending students need to evaluate themselves and decide if they have the time, the hunger and the attitude to undertake an endeavour where 90% of their fellow human beings fail. Of course they need to evaluate whether they think I can deliver my side. For that they have almost 200 blog posts and a 2 hour video.

Share this post


Link to post
Share on other sites

There are two quotes that come to mind when deciding to spend hard earned cash on training....

 

The first is "Self praise is no praise." If a trainer comes with a recommendations and objective observations from someone you personally know and whose judgment you respect then you can make a better "informed" decision.

 

The second is "Trust but verify." There should be hard evidence other than the trainer's own words to support their "track record" claims. This can be accomplished in a number of ways, from verified and audited trading statements to live trading observations with full disclosure in advance and no after the fact claims.

 

I am not trying to diminish EL's reputation, only offering a few basic "due diligence" suggestions to anyone considering sending money to any trainer or mentor.

Share this post


Link to post
Share on other sites

I must say I have been a little disappointed with the EL blog.

 

When I first found it I was very happy to see what I thought was a true breath of fresh air.

 

Unfortunately it has developed into the usual mentoring service.

 

Now in itself I suppose you shouldn't ever be able to get something for nothing, but I think it has been the timing that has got me. Everything seems to have been planned right to the day, slowly tempting people in.

 

What concerns me is for someone who has been trading for so long, with such a solid method, why do the indicators change - and markets that are traded are very variable. Lastly has there ever been a losing day?

 

Probably I'm unfair - but it's made me wonder once again if there really is anyone out there actually trading profitably.

Share this post


Link to post
Share on other sites

You are unfair.

 

The knowledge presented in the blog made me a better trader, that's for sure.

 

Probably I'm unfair - but it's made me wonder once again if there really is anyone out there actually trading profitably.

Share this post


Link to post
Share on other sites

What concerns me is for someone who has been trading for so long, with such a solid method, why do the indicators change - and markets that are traded are very variable. Lastly has there ever been a losing day?

 

Probably I'm unfair - but it's made me wonder once again if there really is anyone out there actually trading profitably.

 

bobajob, Nothing has changed in the methodology. its always been range bars, order flow and momentum. I originally used only multicharts but have switched to MarketDelta for the better way it identifies volume delta.

 

Healthy sceptacism based on fact is OK by me. I'm pleased with the information I provided in the blog and I'm happy to have helped people become CP (consistently profitable) and hopefully can continue doing that as well as helping the charities I support.

 

I'll be staying in contact with the attendees of my training and will look forward to see their achievent to CP. I know it will take some longer than others but I believe that what and how I am teaching will drastically shorten that quantum leap from almost CP to CP.

Share this post


Link to post
Share on other sites
First, let me repeat what I said in the blog announcing the training:

 

I DO NOT want to start a trading education business, or be a seller of trader training CDs, and I don't want to sell indicators or a book or sell training webinars. and neither does Kiki. I'm a trader first, last and until I can no longer put on a trade. But, the emails asking for training, mentoring and coaching continue to roll into my inbox in a steady stream. So I think we have some unfinished business.

 

This is a once only deal and then I think I have fullfilled my resposibilities to this industry that has given me a good life.

 

Things that make you go hmmm :confused:

 

I thought it was only a one time deal?

 

We are very excited to announce n October 24, 25, 26 we are holding a live training event with Tom Barton of ElectronicLocal

 

• When: October 24, 25, 26 (Sunday, Monday, & Tuesday)

• Subject Matter: The ElectronicLocal’s Methodology for achieving Consistent Profitability

• Price: $2500. A similar event offered by EL in July cost $5000. Seating is limited.

Share this post


Link to post
Share on other sites

...

 

• subject matter: The electroniclocal’s methodology for achieving consistent profitability

how: by charging $5000. Seating is limited.

 

 

amazzzzzzzzing...............

Share this post


Link to post
Share on other sites

Just an update. We finished the 3 weeks of webinat training. As of today, many of the attendees are SIM trading (some live trading) with a 70%+ win rate and profitable.

 

Just to make it clear, we recorded the three weeks which involved me calling trades live throught the period in order to identify the pictures to trade and how to manage them. In a blog the reader cannot see the way the markets unfold. In the webinar I was able to take many live trades every day and then show how to manage them. Everything is based on what I have shown in the blog over the last 10 months. However, I do believe that getting proper training and mentoring will reduce the learning curve to reach CP (consistent profitability) to months from either years or never if a structured and tested training methodology is used. Just showing setups has been proved to be useless as the attrition rate amongst traders remains over 90%.

 

EL

Share this post


Link to post
Share on other sites

Yes, it was only a one time deal. I spent 3 weeks and am now providing 90 days of mentoring to 25 traders. I had to turn people away as we were oversubscribed.

 

Strangely, when something works really well, people come out of the wood work to find it. Consistent Profitability is achievable if taught in the right way and if the student puts in the work in accordance with a structured and effective program.

I have another daughter who is a corporate trainer. She asked me to involve her in trader training at the same time that I was asked to do a seminar for MarketDelta - only 3 days not 3 months. Its one of my best friend's birthday at the end of October and I'll be there for that so having a busman's holiday.

 

I did enjoy teaching. It not only made a difference to a lot of people but improved my trading too. I'm happy to do a few of weeks of training every year with my daughter managing it and me only having to trade and teach.

 

What was that Bond movie called: "Never say never"?

 

 

Things that make you go hmmm :confused:

 

I thought it was only a one time deal?

 

We are very excited to announce n October 24, 25, 26 we are holding a live training event with Tom Barton of ElectronicLocal

 

• When: October 24, 25, 26 (Sunday, Monday, & Tuesday)

• Subject Matter: The ElectronicLocal’s Methodology for achieving Consistent Profitability

• Price: $2500. A similar event offered by EL in July cost $5000. Seating is limited.

Edited by electroniclocal
typo

Share this post


Link to post
Share on other sites

more of the same from the other side. somewhat similar pattern on the vwap extreme. Much prefer the slow cci divergence for those outside in trades. However if there is something to lean on, wth.

Arrows on the chart are not trades, just markers for misc. paramaters of ELism.

5aa7104338c8f_es_5r11-11b.thumb.png.a5b6f82c034daaaaf6fd7de3445f7c3f.png

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

    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. 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 of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou 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 Leveraged 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.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
×
×
  • Create New...

Important Information

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