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@ chessbase: It's great that the method works for you.
My question to you: if you removed the software, could you still trade this method profitably ? Is the algorhythm disclosed or is it some kind of black box ?
Furthermore- how many setups do you get per trading session on average ? Scalping for 1 tick sounds a bit crazy to me lol.
I'm planning to delve deeper into the subject of order flow but will probably go with Jigsaw and No BS Trading first.
My naivety is showing?? I would agree if this was some stupid holy grail indicator system, which most traders seem to be looking for. I don't consider reading Order Flow a "system". I agree that my posts sound over the top - But, that's how I am when I find something that I think will help others.
I have been a member of your site since late 2011, and I have never made a prior post sound like I was cheerleading for the vender for a reason - They didn't deserve it!
Like you've asked, I won't make any more post's in this thread.
If he has paper traded for 20 hours and live traded for multiple hours daily with real cash for a month, and is profitable, sounds like he may be on to something. I would have expected the typical scam training to have revealed itself by now and the account to have been blown up.
.....Stay away from No BS....It was indeed BS to me..... while....... Jigsaw ....Absolutely....Yes..... best product so far.
A big applause to Peter.....
...I really wanted to know more about tradingthetape.... anyone else here????
This is my first post on futures.io (formerly BMT), after being away for months I noticed this thread. I totally agree No BS trading was helpful with some information since John was a prop trader early on in his career. But even with a great platform Jigsaw Trading he still looses consistently at times that I've seen.
Regarding TTT the teaching is pretty sound, picked up some things on order flow, which was my objective, but the method he teaches evolves around his proprietary trading software, which is OK but glitchy. If you are successful at trading profitably, you are tied (chained), to the membership fees $750 Qtr. $3000 per year for LIFE. If that were the worst part I could live with that, but combine that with having to be subjected to the owners sour, arrogant, impatient, and sometimes abusive temperament it is a very high price to pay. You get the feeling he thinks you are hooked and dependent on him and his trading system...which by the way you are! I for one am going back to Jigsaw where Peter Davies has not only a great product but excellent customer service to boot.
Just my experiences for the past 2 1/2 months. I wish someone would have given me an honest review and heads up on TTT before I spent my money and even more importantly my trading time.
I reviewed the videos and I can say that he personally would not use an automated strategy. There are many questions which the parameters are set, etc.
* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former