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I found the OTG via Google search and watched some of his videos. I then joined the OTG for two free days recently because I was interested in his "market maker levels" and how those were used during live trading. I saw him take losses both days while I was trading on sim and was up 750 on day 1 and 800+ on day 2. For the record, I do a hell of a lot better on sim than live!
I was drawn to the room specifically because of the way he named the indicators as "market maker levels." More on that in a moment.
In reality, the indicators are custom pivot points. I was not impressed with the indicators as they were represented in the live room. He would trade near the level, not at it, and the lack of precision simply baffled me.
I have nothing against trading 3 contracts for 5 ticks, as long as you can do it repeatedly at rotations. I didn't see him use the levels effectively. But he sure does love to talk!
You may be able to replicate them yourself using a pivot point formula adjusted for ADR 10 and 20, which I believe he uses. Then, adjust this for the opening range and again for pit close. I think he uses one other time during RTH. Good luck!
I spent some time trying to reverse engineer his indicators and they came very close (but a few ticks off) to my own version of market maker levels. I use the spec initial margin for a futures contract, converted into ticks to provide the max range, then divided into sub-ranges that can be easily mapped on a chart.
For now, I'll stick with my own pivots as I know they work better than whatever formula he's using.
Best,
LM
Can you help answer these questions from other members on NexusFi?
Would you share some of your levels for crude today... You don't have to give out the formula.. Just curious as to their values... Will you become a member there?
As you found, I bet they are called "Market Maker Levels" because it sounds "Pro" and is more likely to attract newbies looking for the 'secret information' and chart settings that the successful traders all use. Having pivot levels on his chart similar to all the other slightly different formula pivot levels doesn't sound quite so much like you're getting the winning inside information/Holy Grail.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
While I agree his trading is extremely erratic and impossible to replicate , I have to question this Dr Handley's reviews as well. He also seems to be just another person selling his own story. Who are the top 10 trading rooms that claims to have identified ? Are they all associates of his ?