Anyone purchased Fulcrum Trader course?
- Thread starter CJS
- Start date
These vendors are usually guilty until proven innocent, be very careful before spending your hard earned money this way.
Last time I heard "Fulcrum" was early 90s, can't remember that guys name or system.
Let's flip the situation, if you made a well back tested viable system that made profitable weeks day trading, would you waste you time selling a system for $700 bucks or would you spend you time trying to become that much better of a trader? If you don't know how to program, it will take you longer to back test, and you don't have a clue if developer back tested this honestly or how he back tested it, and when volatility changes, unless you know enough about trading, you won't know how to adapt. Times I have bought systems, I would back test the hell out of it, and they never came close to my performance tests and always returned, too bad I didn't know how to program in the 80s as all that crap was useless systems.
Volume in stocks is traded differently than day trading Futures Indexes, which is a hedge of stocks. I never heard of using "Delta" day trading the ES, but does sound like a catchy name, only Delta I know has to do with options, further away from 50, possible more risk.
If ya going to pop for $700, ask for their brokerage statements for past three years. Watch for all the excuses.
http://www.tradingsuccess.com/blog/fulcrum-trader-2130.html
and few YouTube vids
https://www.youtube.com/results?search_query=fulcrum+trading
The Delta he is using is the difference between market buy orders vs market sell orders. If there are 128 market buy orders on a bar and 57 market sell orders the Delta of that bar is +71. Delta is essentially market imbalance. There is even a platform called "Marketdelta".
Keeping an eye on the delta can be useful for trading; particularly divergence from price.
I found an old webinar presented by fulcrum trading. The guy only trades the FX futures from what I saw. I read some reviews and it seemed like not many people had bad things to say.
I don't know WHY you would pay any money to take a class when it is seems like something you could learn on your own. Just put up a delta bar chart under your regular chart and look for divergence. It is something I watch; it's useful to me.
I am looking into his stuff; thank YOU for bringing it up. I will not likely buy anything from him but I intend to watch his video's in my free time just to see what his take on delta is. I use delta on my footprint charts as it is a good way yo keep track of total buys/sells and the imbalance. Maybe this guy has a few tidbits of info that would be helpful.
fon? Never heard of her.