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  1. FuturesTrader71

    Chavez takes over Venezuelan energy sector

    Ratboy, I'm not against socialism or any other type of govt. I'm just highlighting the process that everyone has gone through to become the Saddam, Castro and others of the world. I'm very familiar with this type of movement and policy quickly after someone takes power. Put the fed, oil and the...
  2. FuturesTrader71

    Chavez takes over Venezuelan energy sector

    Chavez has bought "The Dummies Guide to Setting Up a Socialist Dictatorship" book and is following the chapter by chapter steps. This is the same program that Saddam, Qhaddafi and others have followed. The people (majority struggling and require gov't assistance) are always duped into believing...
  3. FuturesTrader71

    Am I Getting Ripped Off?

    I read your post with interest, but it doesn't make much sense to me either. Can you tell me what kind of a contract you signed and for how long? If you still have time on your contract and this same firm was the one that gave you your start, then you walking out will speak volumes about your...
  4. FuturesTrader71

    Trade The News

    To offset one side of the argument for another, I use Bloomie, TTN, NewsStrike and was a long time NTKN subscriber (helped develop the futures service when they started and were good). I can respect Longhorn's opinion on the service, but you have to understand what you are paying for is not...
  5. FuturesTrader71

    Housing Rolling Along 2

    Absolutely. It almost should be illegal because you are borrowing the full purchase value of the home from the bank, but you get to walk away with cash that really belongs to the bank. It is the same with those deals where they throw in a car or a vacation or any other time that is not part of...
  6. FuturesTrader71

    S&P Fair value

    Remember that it takes time and very close observation to understand how the different parts interact with each other. If you use market profile, then make sure you truly understand what the profile is saying. If you can, zoom out and look at a few days and then formulate a plan for how you will...
  7. FuturesTrader71

    S&P Fair value

    Look at the MP for both the ES and SP cash. Compare where they are relative to each other during the development process. This is very important. For example, if SP cash has had a range extension and ES hasn't, then you might consider watching to see if ES will extend in the same direction...
  8. FuturesTrader71

    Tom Alexander As A Trading Mentor?

    Tom... that was the point of the seminar. I'm not afraid of doing homework. The seminar sold itself as a "Trade how professionals trade market profile" seminar. That is not what it was. That is the point. Your anonimity or mine is not the point. The focus is the seminar's information quality...
  9. FuturesTrader71

    Tom Alexander As A Trading Mentor?

    Faker is probably too strong a term. I'm sure you trade. However, none of the material you covered was trading related. You basically restated what we already know from Dalton and Steidlemayer. Your seminar was sold as a market profile seminar to discuss how "professional traders" gain their...
  10. FuturesTrader71

    Tom Alexander As A Trading Mentor?

    Mark... without posting the advertising part. Can you please quote what was said? The post was deleted.
  11. FuturesTrader71

    Tom Alexander As A Trading Mentor?

    Hmmmm.... I really wasn't expecting a holy grail (whatever that is) from the seminar. I did, however, expect a discussion of the practical application of MP using specific setups (as they advertised they would) and the use of market generated data for high probability trading. Instead, the...
  12. FuturesTrader71

    Tom Alexander As A Trading Mentor?

    I am glad you got something out of it. It was the one and only seminar I have been to where I had to pay. The seminar was sold as an MP seminar, but most of the material was presented by Joe who covered business plans, visions, etc. There was no discussion of trading at all. There was no talk of...
  13. FuturesTrader71

    Tom Alexander As A Trading Mentor?

    I don't know if you went or not. I would recommend against it. Your money is better spent elsewhere. He is a salesman and just keeps regurgitating stuff that he has read. Trust me... stick the money in an account and trade it with a plan.
  14. FuturesTrader71

    Best news service?

    Yes, but the voice announcement comes out a few seconds before it is typed in. In any case, use the discount and it won't cost much for text. You can always upgrade the service later.
  15. FuturesTrader71

    Best news service?

    NewsStrike is doing the same. They are fairly quick. So if you are on a budget, you might try to get them to list you. I don't know if they are taking more people or not. TTN so far has been very consistent and on time. If you decide to go with TTN, try to use the coupon I provided so you can...
  16. FuturesTrader71

    Scalping_My Way with ACV

    There is not enough information to figure out which side has the higher probability of winning.
  17. FuturesTrader71

    Scalping_My Way with ACV

    You guys might consider the fact that markets are there to facilitate trade and for price discovery. This the primary function of the market. All day, every day, it auctions up and down to probe for interest from one side or the other. The market mainly trades towards size because those who...
  18. FuturesTrader71

    Best book for day trading?

    Sure... everyone loses in any timeframe at one time or another. I can tell you one thing for sure: one can make a living for years daytrading. It is a business just like every other business. It requires and investment, some tuition, plans and a vision. Good luck.
  19. FuturesTrader71

    Market Profile -- who needs it?

    Martys.... you crazy boy!!! :D
  20. FuturesTrader71

    Best news service?

    Did you listen to him during the auction release last week? At 11 AM ET, I quote from memory, "Uhhh....uhhh...ummmm.... well that's it folks...." That is all he had to say for the auction release. Very strange... like he was getting a hummer while reporting (LOL). But yes, he is the reason...
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