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I took JPJ training 5 or 6 years ago but did not pay to get grandfathered in. I was wondering if he has expanded beyond his basic value area setups and has improved his connections to the paltalk room. It always seemed like he was being cut off especially while in a trade. At the time he was also getting involved with reading footprint charts. I guess I am looking for an update either here or by PM from people who have stuck by him for years.
Thank you------VOLT
Can you help answer these questions from other members on NexusFi?
I am a recent Grandfather graduate of JP room. He is awesome. He makes great trades, not all winning trades. He has helped my trading a great deal. He is caring and will do anything to help someone. He states what he is doing, thinking and planning. I don't take all his trades, I sometimes am in the trade before he is, and sometimes after and sometimes not at all, I don't follow his trades, but I do listen to him and feel I am learning a lot. Once the training is over his room is free for as long as he has the room open. That is a great deal without the training.
I love the guy, he is the real deal without a doubt. I am not sure how many contracts he trades but I think it is significant, well to a guy at my level anyway. I would no way try to be helping others while trading like that. I really appreciate him being there. He doesn't do because he "needs" the money. He seems to enjoy and have a lot of fun having a room. He seems to miss the camaraderie of trading on the floor like he use to, and having a room keeps him company during the otherwise boring job of being a day trader.
I believe everyone must "tweak"
JP's methods & make them your own
in order to be effective.
Below you will see some answers
to earlier posts.
---------------------------------------------
#1 JP is NOT running trade calling service.
He teaches his setups in his class.
When you know his setups you don't need
him to call it . He calls HIS trades consistently
& there is generally discussion thru the day
about what is coming up trade wise.
#2 I don't believe he does the room for the money.
I think rather it's to have the community of like
minded traders. We all focus on the S & P futures.
#3. No internet problems now.
He went to Omnovia conference software
because of the internet problems with
what he he had.
-------------------------------------
On any given day there will be anywhere
between 50 [lo] & 110 [hi] people there.
It seems a lot of people "stick" around.
You might wonder why.
I believe it's because of the unadvertised
bonus of value added extras.
Several times we have had guest speakers
'footprint'& 'orderflow' experts etc.
Recommended software.
Professional Grade Money management
- how to take it off the table
even when you are wrong in the trade.
More important than any setups!
Persistent Trade Management
- Income from trading can be very irregular -
causing many people to quit & give up.
JP hangs tough all day long milking every
point of profit from each trade.
They say 80% of success is showing up.
JP is definitely 'on the job'
9:00 AM 'til 4:00 PM everyday
He's NOT just managing an information product.
One thing I learned was to "sit on my hands" &
wait for a trade to resolve. Prior to this I was
NOT comfortable with the indexes. Now I am - I think
I may have found a home. [with the Indexes]
He teaches you NOT to gamble & trade thru reports.
-----------------------------------------------------
Little known fact : JP gets separate & expensive
data feeds to get little known signals from the
"big" S&P contract & other indexes.
Numerous "nuances" & signals not generally known
to people outside of this room.
-----------------------------------------
Few people know this but Market Delta created
an indicator from JP's footprint observations.
Here's a quote from Market Delta website:
"...but what I wanted to show off today is a setting they call
'unfinished business'.
I have heard JP of JPJ Trading call this out in his trading room, but now it has been actually coded up and included in the software JP uses, 'MarketDelta'.
My simple layman’s definition of unfinished business is “a price where I expect the market to return.” That’s it.
[Apparently Market Delta thinks enough of the room to 'listen in']
Because of the holidays JP has changed
the "free Trial" to start April 1, 2013.
Which runs a week. So even if you are reading this 2 wks from
now there's still time to get in. There's a rumor that this may be
the last class - dunno.
I have no connection JP other than former student.
I was wondering if anyone here trading with JP uses Gomi's indicators for the footprint? If so would you be willing to share your template with me? PM me if you would.