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10 Minute Trades / JOBracketBreakout.net (JOBB) and Leigh Goldsten aka procol33


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  #11 (permalink)
lightsun47
Toronto, Canada
 
Posts: 438 since May 2018
Thanks Given: 539
Thanks Received: 347


romus View Post
Not every trade is a winner - or filled - but Leigh's guidance in the room and preparation for each trade is excellent and well researched.

I have seen this software years ago and hesitated as then it was just a software, not the whole package.

Now I am active and so far happy with the results.

They are constantly developing and all updates (not so obvious with other vendors) are FREE!

One good trade, on just 1 or 2 contracts, can pay for very modest membership fee.

Understandable, but the amount charged for the membership is just a bit too much for something which is very simple, if I am able to do coding myself.

Years back, they gave one full year free of membership. It was worth it back then.

But like someone else said, the brokers usually put brakes for us to stop us from trading the news.

Overall, if it's working for you, good for you.

Good luck.


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  #12 (permalink)
 romus 
Melbourne, VIC, Australia
Legendary Wicked Trader
 
Experience: Intermediate
Platform: NinjaTrader
Trading: SPI
Frequency: Every few days
Duration: Days
Posts: 862 since Dec 2010
Thanks Given: 2,278
Thanks Received: 3,398


lightsun47 View Post
Understandable, but the amount charged for the membership is just a bit too much for something which is very simple, if I am able to do coding myself.

Years back, they gave one full year free of membership. It was worth it back then.

But like someone else said, the brokers usually put brakes for us to stop us from trading the news.

Overall, if it's working for you, good for you.

Good luck.

Thank you for your response.
I agree with the manipulation, HFT and frontrunning in the market - this is what we have to deal with and try to take what is possible to take.
There are some trades going both ways - and fast - too fast to make any changes.
Whether they are brokers or other parties - hard to say - sometimes this is how the market "understands" the news.

I am not a coder, unfortunately, so I cannot do this type of strategy myself.
Even using NT OCO is too cumbersome to prepare the trade in similar way, hence using different, better tools.


When nothing goes right... go left
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  #13 (permalink)
 romus 
Melbourne, VIC, Australia
Legendary Wicked Trader
 
Experience: Intermediate
Platform: NinjaTrader
Trading: SPI
Frequency: Every few days
Duration: Days
Posts: 862 since Dec 2010
Thanks Given: 2,278
Thanks Received: 3,398


Dasani View Post
A broker I know of limits margin at news times.

This is not the worst thing (but definitely not helpful) - brokers should be helping traders to take the trades as they earn brokerage from it.
Worst ones are Market Makers - and I would not try to use them for this type of trading!


When nothing goes right... go left
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Last Updated on August 14, 2024


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