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Hello Bobby,
I truly do understand your enthusiasm making a break through, but when it dies down a bit I would suggest you go a different route with the Master thingy....I suggest you read Horst's Journal, the last 5-10 pages...there's a tendency to hold your feet to the fire, and if you don't produce, you'll get tarred and feathered...... just a heads up....besides, I think round 2 is about to begin...
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
What makes Reza a 'master' trader? Just curious on what you perceive and why and I am not saying it is wrong or questionable but curious from your perspective of someone who has seen so many 'goats'.
Hi P&L seems a bit light upon first impression from my eyes only.
bobbyacim
new york
Experience: Intermediate
Platform: ninjatrader
Broker: mb trading
Trading: 6e
Posts: 184 since Feb 2010
Hi, Thank you for the heads up, I did take a look at Horst Journal and never knew that a real account number could be inserted into the DOM and faked, WOW!!!
However, I and over 35 users that are watching Reza trade every day take the exact same trades at the very same moment and we all get similar results, not exact because you have to take into account slippage.
I have also recorded his sessions and played them back for analysis-- HE IS THE REAL DEAL!
I know, it is so hard to believe a REAL trader exists out there after getting burnt by the dream merchants for so long, remember I'm the guy who spend over 10K to find this out.
Silvester17
Columbus, OH
Market Wizard
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527
yes that's what I'm trying do to as well. I'm by all means no expert, maybe someone like trendisnotyourfriend is. I believe he has a pretty good understanding.
anyway what I'm looking for is 1318 in ES as a very important support level.
I don't know about Reza. but I truly believe taking trades based on MP is certainly a very good approach.
well, was off by 4 ticks today. but it's still amazing how accurate MP is.
of course others will say you could have found the same level using another method. and they are probably right. anyway I'll stick with MP.
trendisyourfriend
Quebec Canada
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,177
Thanks Received: 6,021
Silvester17, i am not an expert at least not in the sense James Dalton is. I am far from that level. I use MP to locate areas of interest and to see at what levels does volume form significant clusters or islands of low volume. To me, MP offers a condensed view of the market if you compare to what we get with candlestick charts. But don't think i am not using bar charts anymore. Au contraire, i use both types of visual representation.
FVela
Houston TX
Posts: 3 since Mar 2011
Thanks Given: 0
Thanks Received: 3
Bobby:
I am also on the path towards learning MP. Have read the CBOT 6 step MP Trading manual and the Power Trading e-book written by Don Jones at Cisco Futures, both excellent!
Ready for my next step in learning MP, I have decided to take the Cisco short course on MP, but would like to ask you, (if you feel you could share this), how much of an improvement have you noticed in your trading account as a result of using this methodology, expressed as a percentage of winners vs. losers, before and after?
I can fully understand if you feel this information cannot be shared.
I went from 50/50 accuracy for all of 5 years of this , to around 55-60% within 3 months!!! And I can better gauge risk/reward by observing solid target objectives.