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It is my pleasure to welcome John Grady for the first time to nexusfi.com (formerly BMT). He will be presenting a webinar on Wednesday, April 30th @ 4:30 PM ET.
The webinar is sponsored by Jigsaw Trading. Peter Davies will have the first 5 minutes or so of the webinar to quickly show the products/services offered by Jigsaw Trading, and then all remaining time will go to John.
More on John Grady:
John Grady's trading career began the same way as most. He lost money for many years by experimenting with various strategies which were based on misguided ideas about how the markets work. After multiple failures using traditional technical and fundamental analysis, he took a job as a proprietary trader for a large futures trading firm in Chicago. While trading there, he learned the importance of order flow (a.k.a. reading the tape) and he also learned why the markets behave the way they do. He currently trades for himself and he also runs an educational business which helps other traders develop scalping strategies that are based on understanding order flow.
- Reducing trading to it's most basic fundamental level
What is happening? Why do prices fluctuate? Why should order flow play a critical role in your methodology? It's an auction. When buyers overwhelm sellers, the market goes up. When sellers overwhelm buyers, the market goes down. This is why size matters. What we're trying to do is ride the coattails of guys who move size and ride the wave created by all the small traders who pile on board and help create the domino effect.
Most people do not understand why order flow is important because they have never seen a good DOM.
- An inside look into the world of proprietary trading firms
Explanation of how prop firms work and how they train traders.
- Technical analysis vs. reading the tape
Charts only show you the past price. They do not show you how the market traded at that price. How much volume changed hands and the way that exchange affected price makes a difference if you are contemplating getting involved in that area.
- Predicting the future
Believing I know where the market will be an hour from now, let alone three days from now, is believing that I know something the rest of the world does not know. If large institutions, speculators and high frequency trading programs who move thousands of contracts and actually move the market are not currently involved and showing no signs of playing the game (i.e. a slow market with very little volatility), why would I want to be involved?
- Video samples showing different types of action
Would like to show a few samples of prices being hit during fast action vs. dead action. Not going to show any actual trades as I do not want it to look like I'm pitching myself or cherry picking winners. Just want to demonstrate how sometimes it's obvious that you should probably be going one way if you're contemplating an entry and other times there's simply no educated guess to be made. This is clearly seen in the order flow.
- Methodology vs. psychology
Developing a winning methodology is only the first part. The next part, which is equally important, is developing a proper risk methodology and understanding your own psychology when it comes to adhering to this risk methodology.
More on Jigsaw Trading:
Jigsaw Trading is known for their Order Flow tools that act as NinjaTrader add-ons, such as their combination DOM + Time & Sales tool, Reconstructed Tape, and Summary Tape. Peter Davies developed these tools after a number of false starts in his own trading which lead him to seek in-depth instruction in reading order flow. Peter Davies has a background in software development and is leveraging his experience to build better tools for traders.
Peter Davies, Founder of Jigsaw Trading, will be monitoring this thread so that he may answer any questions that you post here relating to Jigsaw Trading products and services.
Please keep in mind that some customer service/technical support issues …
I noticed that DionysusToast is a vendor. Probably been identified as a vendor for a long time but I just noticed it and went to his website. Found a free offering of a book called "Surviving Day Trading" and read it. I found this book to be …
If you have questions about No BS Day Trading, please use the existing vendor review thread:
I decided to start a thread on No BS Day Trading since I mentioned on another thread I am taking the course and have had several PM's asking me how it is going.
A little background - John Grady who owns the site was a former Prop Trader who focused …
Specific questions about the content covered during this webinar can be posted in this thread.
No BS Day Trading is not a NexusFi (formerly BMT) sponsor. As usual, there will be NO hard selling or secret sauce during this webinar. It is educational only. If you are interested in the products or services offered by No BS Day Trading, you can contact them after the webinar.
Jigsaw Trading is a NexusFi (formerly BMT) sponsor. They will be given the top 5-10 minutes of this webinar to quickly overview their products/services, as a thank you for coordinating this event with No BS Day Trading.
Peter Davies, Founder of Jigsaw Trading, will be monitoring this thread so that he may answer any questions that you post here relating to Jigsaw Trading products and services.
Please keep in mind that some customer service/technical support issues …
I noticed that DionysusToast is a vendor. Probably been identified as a vendor for a long time but I just noticed it and went to his website. Found a free offering of a book called "Surviving Day Trading" and read it. I found this book to be …
If you have questions about No BS Day Trading, please use the existing vendor review thread:
I decided to start a thread on No BS Day Trading since I mentioned on another thread I am taking the course and have had several PM's asking me how it is going.
A little background - John Grady who owns the site was a former Prop Trader who focused …
Specific questions about the content covered during this webinar can be posted in this thread.
Broker: Mirus Futures (Previous), AMP (using their free data for the reviews)
Trading: ES
Posts: 230 since Oct 2012
Thanks Given: 174
Thanks Received: 883
Looking forward to this very much! I will not be able to attend the webinar but I will definitely watch it when the webinar video is posted. Thank you Mike for getting this setup!
Speaking as a professional trader - JG is the single best trading educator on the internet imo. I can tell you that we were encouraged to read his material when we were learning. And a great guy to boot. Well worth your time.
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
Posts: 105 since Jul 2012
Thanks Given: 108
Thanks Received: 126
Thanks Mike for organizing this webinar. I hope to be able to attend the webinar, but in case I can't I will definitely follow up watching the webinar afterwards.
