i like kathy lien and her new book is quite good. highly reccomend it for new FX traders and others interested.
please let us know how the live trading demo went, very curious if thats a flop or interesting.
surf
New York Traders Expo
- Thread starter NUTSNEAL
- Start date
i like kathy lien and her new book is quite good. highly reccomend it for new FX traders and others interested.
please let us know how the live trading demo went, very curious if thats a flop or interesting.
surf
RealTick is on the way out with their expensive platform.
I came for PeakPro's presentation on SCT platform. For casual walk-in the interface will looks over complicate and hard to learn, I saw some leaving as soon as they saw the platform, maybe they should have stick with how to draw a single channel next time. For me, not enough meat, maybe a specific setup which yields some eye popping result was what I looked for.
I came for PeakPro's presentation on SCT platform. For casual walk-in the interface will looks over complicate and hard to learn, I saw some leaving as soon as they saw the platform, maybe they should have stick with how to draw a single channel next time. For me, not enough meat, maybe a specific setup which yields some eye popping result was what I looked for.
i remember when realtick had a huge booth in the middle and gave out polo shirts..those were the days!
boston tech, sponsored the free drink tickets, wonder if this is how it was funded? disclaimer-- found this on net, not vouching for accuracy or reality of document, potentially photoshopped but quite interesting if not
source http://www.forexfactory.com/showthread.php?t=70582
Bob Fulks who is the programer for the Felton Trading OTTO system is suppose to give a talk about automated trading at the expo.
Live Trading Challenge
Round 1:
Bennett McDowell
Applied Reality Trading "A.R.T."
vs.
John Netto
One Shot, One Kill
***
John started the session off in a crude oil trade before the ES session even opened (9:30am ET). His charts were simple and very clear, and he showed his DOM as he was trading ... he essentially hit the ground running.
Bennett discussed his A.R.T. system, (which includes Elliot Waves and Triangles -- I wasn't really a fan though ... and he later proved to be theorist as the trading session wore on) and was the trading the S&P e-mini's.
John continued to explain in detail his order entry process, trade management and psychology while in a live trade (not the easiest thing to do). He was all about action, Bennett was way too talkie, and kept talking about Wave C and B and stuff like that, and neither the announcer nor the audience really had a clue of what he was talking about.
After putting some nice green on the screen, the announcer, clearly favoring John, asked him "How long or how much money did it take him to learn how to trade like that?", his reply was "It took a lot of pain" ...
Bennett eventually took a trade, but his explanation of his system was so convoluted and imcoprehensible I never saw it, and he eventually closed it at a loss, but I couldn't even tell you wether it was a Long or Short trade! (when the announcer/moderator asked him how much he loss, his reply was "2% of my account", I'm telling you, this guy was drawing blanks across the board).
As the trading session wore on (I think each trading challenge was for approx 1 hour, 15 mins) John continued to explain the reasoning behind his trades (uses a combo of TA/psychology, he KISS) and showed how, so long as he had more wins than losses, and he took more profit from the wins than losses from the losers, he was going to be able to make money consistently in the markets ...
Bennett continued to explain his elliot wave/triangle theory, (using a customized setup of Quote Tracker - sorry QT people, but he made the software look bad) people were confused and bored (no flames here, the people around me were commenting) and eventually he turned around and asked the audience whether he should short the market or not after it had dropped by about 5 pts ...
***
Conclusion
Bennett McDowell: -2% on his account trading the ES e-mini
John Netto: +300 and change, trading small lots on the crude e-mini
John wins by a knockout!
Round 1:
Bennett McDowell
Applied Reality Trading "A.R.T."
vs.
John Netto
One Shot, One Kill
***
John started the session off in a crude oil trade before the ES session even opened (9:30am ET). His charts were simple and very clear, and he showed his DOM as he was trading ... he essentially hit the ground running.
Bennett discussed his A.R.T. system, (which includes Elliot Waves and Triangles -- I wasn't really a fan though ... and he later proved to be theorist as the trading session wore on) and was the trading the S&P e-mini's.
John continued to explain in detail his order entry process, trade management and psychology while in a live trade (not the easiest thing to do). He was all about action, Bennett was way too talkie, and kept talking about Wave C and B and stuff like that, and neither the announcer nor the audience really had a clue of what he was talking about.
After putting some nice green on the screen, the announcer, clearly favoring John, asked him "How long or how much money did it take him to learn how to trade like that?", his reply was "It took a lot of pain" ...
Bennett eventually took a trade, but his explanation of his system was so convoluted and imcoprehensible I never saw it, and he eventually closed it at a loss, but I couldn't even tell you wether it was a Long or Short trade! (when the announcer/moderator asked him how much he loss, his reply was "2% of my account", I'm telling you, this guy was drawing blanks across the board).
As the trading session wore on (I think each trading challenge was for approx 1 hour, 15 mins) John continued to explain the reasoning behind his trades (uses a combo of TA/psychology, he KISS) and showed how, so long as he had more wins than losses, and he took more profit from the wins than losses from the losers, he was going to be able to make money consistently in the markets ...
Bennett continued to explain his elliot wave/triangle theory, (using a customized setup of Quote Tracker - sorry QT people, but he made the software look bad) people were confused and bored (no flames here, the people around me were commenting) and eventually he turned around and asked the audience whether he should short the market or not after it had dropped by about 5 pts ...
***
Conclusion
Bennett McDowell: -2% on his account trading the ES e-mini
John Netto: +300 and change, trading small lots on the crude e-mini
John wins by a knockout!
Live Trading Challenge
Round 2:
Dan Gramza
Gramza Capital Management
vs.
John Person
Trading Triggers University
***
Both traders are knowledgeable, experienced traders and use a multi-time frame reference.
John was very well spoken and didn't hesitate to use the opportunity to explain his methodology. Dan is was more quiet and focused in his approach, mainly focusing on his setups and taking care of business on the screen (he also introduced me to "soybeans", yum! - I think they're ZSH8 for anyone who wants a bite).
John was shaken out of his initial trade (short @ 11:00am or so) at breakeven (even though it was a good one) partially because Dan took the other side of the trade, and he entered his position late (they were setting up).
Dan, though the quiet one, was clearly the house favorite and was pretty good/;solid at domesontrating his intra-day trading technique.
FTR, if John had stayed in his short trade he would have been the hands-down winner ... but if Dan had gotten into his soybean trade when he wanted to he would have broke the bank, and taken the win anyway ... so you gotta take these "live trading competitions" thing with a grain of salt, as is, but this was by far the best of the bunch.
Dan also correctly noted the role tha tvolume plays in terms of market acceptance or rejection of price, a little extra sweetness to the punch.
Also Dan's closing comments were to simply trade your edge and see trading as a business decision, just get-out of the way of your system and let it do the lifting (same concept as using your legs when lifting a heavy weight).
This one was fun!
***
Conclusion
John Person: +17.00 es and ty e-minis
Dan Gramza: -100 and change, trading small lots on the ES e-mini and Soybeans
Dan wins on the technicals
Round 2:
Dan Gramza
Gramza Capital Management
vs.
John Person
Trading Triggers University
***
Both traders are knowledgeable, experienced traders and use a multi-time frame reference.
John was very well spoken and didn't hesitate to use the opportunity to explain his methodology. Dan is was more quiet and focused in his approach, mainly focusing on his setups and taking care of business on the screen (he also introduced me to "soybeans", yum! - I think they're ZSH8 for anyone who wants a bite).
John was shaken out of his initial trade (short @ 11:00am or so) at breakeven (even though it was a good one) partially because Dan took the other side of the trade, and he entered his position late (they were setting up).
Dan, though the quiet one, was clearly the house favorite and was pretty good/;solid at domesontrating his intra-day trading technique.
FTR, if John had stayed in his short trade he would have been the hands-down winner ... but if Dan had gotten into his soybean trade when he wanted to he would have broke the bank, and taken the win anyway ... so you gotta take these "live trading competitions" thing with a grain of salt, as is, but this was by far the best of the bunch.
Dan also correctly noted the role tha tvolume plays in terms of market acceptance or rejection of price, a little extra sweetness to the punch.
Also Dan's closing comments were to simply trade your edge and see trading as a business decision, just get-out of the way of your system and let it do the lifting (same concept as using your legs when lifting a heavy weight).
This one was fun!
***
Conclusion
John Person: +17.00 es and ty e-minis
Dan Gramza: -100 and change, trading small lots on the ES e-mini and Soybeans
Dan wins on the technicals