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any everyday traders here who were in the intensive want to get on skype or something during day or at least morning and afternoon sessions and discuss the market basically like dalton did in the intensive?
i have all his books and course and 1 intensive. there still may be more spreed over time if there is demand and he feels like it. over 4 to 5 years i learned a lot. but not as much from the intensive ,first book, or field of vision. dalton has no set ups ,does not call out trades. his work is about reading current market conditions. if you are a day trader that is necessary. there are hundreds of webnars you can view ..i got a lot out of that. hope it helps
This time they have priced it higher at $1990 for Market Profile Mastery Course 1 & 2, and don't see any early enrollment offers/discounts. Wonder if higher price is due to Peter from shadowtrader.net getting involved in this season for intensives, not sure how much of value addition he is going to bring on the table, compared to the master himself and to justify this price increase from last intensives.
I like Daltons work a lot and he provides good context for trades ( this doesn't mean I suggest you go out and spend thousands on courses) . To see him come out of retirement so fast kind of confirms ,at least for me that he probably doesn't really trade. There's just too much money in vending. Afterall, why give up all that time traveling and fly fishing with the grandkids just to "help" us all out with our trading ? One common complaint here and at other forums is the fact that he doesn't really provide specific entries or exits. Perhaps that will be addressed in the new courses.
Let me give a plug to this free site that will help with context if you need it.
I'd also watch the shadow trader stuff but don't suggest buying any courses or extra add ons . There are plenty of free videos here and on youtube that can get you started on market profile if you are a newbie
I did not take the intensives but I have two of Dalton's courses, Field of Vision and Live Markets Seminar DVD. I was disappointed with the Live Markets series because while the first two dvd's are good and cover his process, the rest of it seemed like he was just answering questions. I did not even finish that dvd series but the main reason for buying his material was so I could get access to his website which has lots of articles and videos as well as his signature trades worksheet. To become a member of his site you just have to spend a minimum of $500 on a course.
For using market profile in real time for setups etc. I am in Matt Davio's market profile trading academy rooms, very reasonable price. They don't call out trades but you get their analysis, how they use profile on multiple timeframes and what levels they look at and why. I feel it's filling in the gap on stuff that Dalton did not cover.
Regarding Dalton coming out of retirement, in his last webinar for Shadowtrader he admitted to losing more money during his trading career than what he made. This was pretty disappointing to hear. I think offering courses is nice income for him. Sad they increased the price on the intensive but I won't be taking it. I feel I can get enough from all the free stuff I have access to on his website (because I purchased his course) in order to integrate it into my trading.
It's made clear from the start that he won't be giving trade set ups in the sense of leading you in to trades. I recall from last year he would kind of get upset when he was questioned to much about his own trades / trading. There are "Signature Trades" to look for and they're based of off certain market patterns and market actions/reactions.
I don't blame him and his course material NOT giving specific set ups as he's not selling a trading system (and there are plenty of people out there that will sell you theirs for only $XXXX.XX) he's educating the participants on how to read MP and how it relates to the market.
I've said it before and I'll say it again, it definitely helped me in my trading and moved me to another level in trading and more importantly understanding the /ES market. The course is also geared towards market prep and psychology, both of which are fundamental parts of the trading biz.
Finally, IMO, training (and trading) during the live market has no equal in the sense of you never know what's coming on the right edge of the chart.
You miss 100% of the shots you don't take. - Wayne Gretsky