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about profiletraders - market profile boot camp (www.profiletraders.com)
Just really go through it and ask the questions you need to Reza, the teacher. Im not a good teacher of his or anyone else's materials, but i have implemented all that i have learned and still learn every day from the market into my thinking when it comes to trading. Ofcourse if you have any general questions/concerns etc will try to help or put you in the right direction, if so pls pm me here on Big mike. Good luck in your studies.
Can you help answer these questions from other members on NexusFi?
Do you know the cost of joining the Reza chat room? Their website only stated the cost of the course + 1 yr membership. I don't know the cost after that.
most educators including market profile, and i have took most of the courses listed here. they teach you to trade from the edges . what they are teaching is a reversion to the mean. that is trading a correction of a very short trend. that is painful your trade is is seeing sharp pull back or has some traders say it is choppy ... easy to get shook out one way are the other. that is because the buyers or sellers are responding to higher or lower prices. they do not have the convection or size to move the market that far. do you think large trading desk are trying to execute from the edge. hell no.. they are looking to execute where they can get large orders filled with out it moving the market. where is that area from the middle of a big fat profile. that is why most big moves come out of the middle. that is where they know price will stall and there will be plenty of other traders to take the other side of there trading with out the price running away. do not think so ...pull up weekly volume profile charts ..see how many big moves come out of short fat profiles.
For those of you who have been using volume profile for some time, I think his series of webinars is excellent for picking up some new ideas and trading strategies. The thing about volume profile is that, unlike standard indicators, it's completely up to interpretation and there's always different ways of looking at it.
Having used volume profile for over 3 years now, and pretty much been there and done that, I didn't really expect to learn too much more from Reza. But, since the price was reasonable, and I recently made quite a decent amount from my trading already, I thought why not, it couldn't hurt and there's always room for learning. So instead of going out to buy a new Rolex, I decided to plunk down the $550 for his market profile series (costs much less than a Rolex also).
I must admit, that I was wrong. His first 2 webinars on market profile (boot camp and trade setups) were pretty standard (basically similar to what the rest of the other YouTube trading personalities are teaching), however, that's where it takes a complete turn and really goes into something quite unconventional (BUT logical). It really did help me look at these markets with a completely fresh pair of eyes. Which is a great thing. Only problem now, is I need to get 1 more monitor in order to display his chart setups.
Essentially, what he does is takes the time factor out of the equation altogether, and breaks the market up into swings. And then looks at each swing as a separate profile. So no longer looking at time based profiles, rather price based profiles. (hang on, before you reply that you already know about micro composites, his approach is quite different :P).
I really have learnt quite a lot from his material, and now basically trying to incorporate that into my own trading. On top of that, you also get 1 year in his trading room where he'll readily answer any questions you have, so that's a great plus.
Other than that, have really nothing negative to say about it. The cost is decent, and if you're looking to get some fresh ideas, or even if you are brand new to market profile, I highly recommend it based on the price he's charging.
Feel free to ask or PM me if you want further details.
I spend two days with Reza at Profile-traders. I found him kind and responsive. I am looking for mentoring using MP. Has anyone been profitable after staying a few months studying with him in his room? Do you find his set ups profitable?