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Like most day traders, I blew up my account a couple times and lost enough money to make most grown men weep. After I regrouped I started trading with common sense and with control of my emotions.
Hey guys, I thought many of you would enjoy and benefit from this thread. My intention is to have each poster reply and describe in as much detail as possible an indicator they want created for NinjaTrader.
I'm not sure what the point of your post is (or why I even bother to respond!).
I guess you can't make the distinction between the person and the work. Maybe you have a grudge. Who makes the software and who comes up with ideas is irrelevant to me. That's why I posted in the first place. But if you need fodder for posting comments, go ahead. Let me have it. Tell me what you think.
Been trading for close to 10 years. I have found Mark Sachs system to be of great value. The indicators do give me a pretty good idea where price is headed
and where the levels of support/resistance are. As a trader I am not giving much weight to someone's past mistakes, God knows i have made my fair share, but
whether or not the tools help my trading. I have found Right Line's system extremely valuable and worthwhile.
Does anyone know the cost of RightLine indicator? In his latest presentation there are 3 colored lines in lower panel. But in some of the few years old posts, there seem to be many lines in lower panel and that confused me.
Is this indicator available on the monthly basis? what is the cost
I had come to this thread previously to find the reviews of Mark Sachs and high RightLineTrading system, as I got interested in the webinar but was unable to get the hands on the system. My first impression was mixed reviews, so I had some hope and with some skepticism and high price I decided to withhold from trying the system.
But as the luck would bring it, I got to see another webinar presentation on the day's live data and saw so many winners where on my own I had a very bad day that day, lost $3000-$4000.
Luckily Mark announced the price that day to be $995... and I thought if I spread the software cost to 12mon, my per month cost is < $100 and with the system it looked like I could make $500-$600 easily, I decided to bite it and purchased the system. I have already by this time spent $10,000 - $15,000 in software and system purchases and this seemed to be the last hope. I had already racked up losses of $400k in last 6 yrs...
I have no affiliation with Mark, no other interest either, but I can tell you he seems to be a genuine and always ready to help and with his system I am at his time making about $600 - $1000 per day. This too trading only 5micro NQ & ES futures.So imagine if I can successfully scale this to 2lots of contracts, I can make enough to live on the trading.
Mark's trades are slightly different in the room, but I am focusing my trades around mostly NQ
as it is most volatile and easily gives a few trades. Only thing I am adding to mark's system is market bias which tells me if market is biased to downside or upside.
Second if we filter the trades where you see double top or double bottom'ish patterns, you can easily pick 2-5 trades. I am so happy at this time and I hope I can keep this going for me and not goof up.
If you have ever struggled in trading, I will tell you this is as close to the holy grail you will get. I am writing with only one intention to help others who have considered or are considering trading for living.
Took this trade in morning as movement is good, all green or mostly all green in bottom and all green lines in chart panel and I took LONG in NQ, easy 5-6 pts.
This thread is for vendor reviews of Mark Sachs, which you are welcome to post or to comment on.
However, it is not meant for you to post daily charts of your trades, even if they represent Mark Sachs' method.
If you wish to post charts of your trades, feel free to open a trading journal for that purpose in the Trading Journals subforum. Do not continue to post trade charts here.
Please help keep the forum well-organized by posting your content in the appropriate sections.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I have no intention to post the daily charts... these were some of sample charts that can help people understand what the system is or how it is effective or not...
