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Today was the last day of my subscription to the live trading room, and I notice that I am already not allowed in the members area to download videos of the sessions, so I have no idea what trades, if any, were taken in the room today on my last day since I wasn't present in the room. I...

It was mentioned earlier in the thread. I didn't want to specifically mention the name of the room, but others guessed it. The price is approximately $300 per month.

FWIW, I reviewed today's room video, and was expecting that the first day I was absent would be the day he finally took some spectacular trend trades to the downside. Turns out that he only took one trade today where he scalped $50 total profit. (NOTE: NOT profit per contract....total profit...

As I told someone in a private message today, there is this one trader from a different board who trades using price action and he felt sorry for me, and has offered to try and help me out via Skype. He trades with another trader using Skype and they were willing to let me join in to try and...

NJ. EDIT: and they don't let you take a loss at all, in addition to not letting you carry it over. You can only offset this year's gains with this year's losses. If your Net Loss for the year is greater than zero, you can't deduct one penny, ever. I know this sounds crazy, but, in order...

True. I've been feeling like I have to make back my big loss by the end of the year and there are only 3 months left. I'll be taking capital loss carryovers for the rest of my life if I don't recover this loss and my state doesn't even allow those, so if I make back the money in the future, I...

Last year I had a really good year, but all my gains are now down the drain. My loss for the year is huge (in my mind), since it is equal to 17 months salary, but the loss is probably still only reallly 6.5% of my total liquid net worth. However, I need to get profitable (or stop trading)...

I agree that when trading system like this, there is a fear that it could stop working. When it gets into a string of losers I tend to ask myself "what if the market changes permanently and this system will be a permanent failure if I continue to trade it" or "what if it goes into a 6 month...

FB123, The general principle of the system (in my mind) is that if certain indices make a certain degree of a move in a direction within a day (relative to the prior close), the index tends to move further by EOD more frequently than the index tends to stall out or reverse. This system...

The system is relatively simple. It only usually gives 2 trades per week on average. If the market goes up a certain percentage of the average true range (relative to the prior close) it goes long. If the market goes down by that percentage it goes short. There is a stop loss at a certain...

The particular strategy I'm referring to has been backtested to be profitable over time. However, it is not necessarily profitable every month or every quarter. The reason to trade it is because it is profitable over time (in backtesting, although there is no guarantee of success in the...

I hate to admit it but, but I had a really bad day. Something is wrong with me. I broke my rules and lost a lot of money today. I wasn't able to catch the start of today's down move but somehow got convinced it would continue. Further, I have a mechanical system that I've been...

I believe that I have heard him say that there are 100 or more members. The times I've counted, there were 30 (or less) people in the chat room portion of the room at any given time. Granted, I suppose that not everyone stays around the whole trading day. He says there are people who don't...

I've heard him say to the room something along the lines of: "you have no idea how valuable it is having someone with my experience to learn from...I never had someone like myself to help me out when I was learning how to trade.......I had to learn everything myself....I would have loved to have...

Following a mechanical strategy isn't as easy as it sounds, especially when it starts going into a slump, where it starts to trend downward over, say, a month or two, and especially when your account is down for the year and you don't want to experience any more drawdown. You'll start saying...

No trades in the room again today!.....surprise, surprise!...(grin)...He didn't get enough of a pullback, which he was looking for in order to be able get in. Admittedly, I was a bit confused as to when to get in if I was going to attempt to trade ES myself today, because the shorter term EMA...

Quote from FB123: It's funny, but I had forgotten that you had mentioned you had actually tried out the room that I've been subscribing to. That describes my experience exactly, including the missing of entries by one measly tick. Only difference is that, as mentioned before, there were...

Thanks for the free lesson FB123. I'm using a platform that has tick charts but have no idea what a "3 range chart" is. I'm experimenting with a 1600 tick chart. If using tick charts, would that be a good tick setting to use?

You're absolutely right. He was afraid to take the trade because of the news event at 10am EST. He has a rule about not trading the first 15 minutes after the open, and then there was a news event coming up at 10am EST so he decided to wait until after the news event and then had a rule...

Well....it's getting close to noon EST, and he made 1 /ES point so far today, with 2 contract position for a $100 profit. He said it was very risky and he was planning on scaling in but his profit target was reached first. He previously tried to get in at a higher price but his entry was...