It was the JOT, jump on trend method.
They didn't go in to any further details.
They sure had perfect responses though.
TIMES method
- Thread starter caitlin
- Start date
It was the JOT, jump on trend method.
They didn't go in to any further details.
They sure had perfect responses though.
If you only want one line for your indicators (assuming you want
to paper trade TI's setups) you can use 4,12,1 for MACD (I have
used 4,13,1) and 5,5,1 for the stochastic.
Interesing thing about using 4,12,9 for the MACD is when the 4
line crosses over the 12 line it is approximately when you get the
"down" candle TI uses for entry... (either long or short) at least
on the DT's and D'Bs either with the trend or against the trend
after a big up/down move)... And it is usually after the first DT or
DB which is not the one you want to take... the 4/12 crossing
gives added confirmation to the trade...
DISCLAIMER: I do not use TI methods to trade. I am just an
interested bystander on their methods...
JOT and ELBOW are mentioned in VisionTrader's journal about using
something similar to the TIMES Method. SEM sounds self-explanatory
but it would interesting to know what CAT EAR is...
Must be the shape the Stochastic or Macd makes... which is
similar to the ELBOW (boy, wasn't that obvious--- can't see price
making a CAT EAR) LOL... Then again, I CAN see price making a cat ear...
And a dog ear, a chicken ear, an elephant ear and a donkey ear... lol...
I now assume TI has a cute little name for each little nuance of
their indicators. Like said above, they must like to "Nice" you to
death untill you hand over the 5K...
But wait !
I just received an email that says I can get $500 off ! Wow!
Now it's only $4495 for their "course"... It's a steal !
I guess I will catch some flack for this, but I have found that all these proprietary indicator settings are garbage. You can just use the default settings and get the same results over time. Fiddling around with parameter settings is just a form of curve fitting.
I agree with you. IMO, the parameters aren't as important as everyone makes them out to be. I think "proprietary" is a flawed vocabulary word that is used in this industry. With enough trial and error, you to can figure out what the parameters are.
I think what TI does is market 4 or 5 different setups. So even if you do have the parameters and the manual, you still need the training to be able to recongnize them. For the experieced trader, I feel like you will realize you didn't need the training. After all, if they are not trading live and actually managing the trade, what good it is to you. For the newbie, since they don't have the knowlege, they feel like they learned alot while losing money. Of course, there is a price to knowledge, just not sure if it is worth $5,000.
Pluse, I just don't like the idea that they never show how to manage a trade. To me, that seems to be the most important. Telling me when to get in based on a candle color seems a little riduculous.
I am currently a TI student and can honestly say that TI is an honest and professional company. The TIMES method is the most simple and effective I have ever traded and the training and support is bar-none excellent.
I have lost a lot of money in the past trading worthless systems. The TIMES methodology has been working for me and I say without reservation that it is worth every penny of the tuition price.
Regards,
Mark B.
I have lost a lot of money in the past trading worthless systems. The TIMES methodology has been working for me and I say without reservation that it is worth every penny of the tuition price.
Regards,
Mark B.
Hi:
Nobody seemed to be able to respond as to what the primary setup was. I thought that it was entry right after a double top or bottom on a short time frame bar or candle, with the trader looking to get out with a two point profit.
Regarding the cost, I think $5,000 is excessive. On the other hand, working with the public sucks for the most part. You have to deal with a lot of folks who shouldn't be trading to begin with. Charging $5,000 just means that they now feel "entitled" to success, and with a minimum of effort on their part. In my opinion, not a real strong business plan.
My alternative? Go buy a book on Candlesticks (Any of Nison's books or "Candlestick Charting Explained" by Greg Morris). That will cost you what, about $150 bucks if you read them all. Learn to use floor pivots (about as simple as can be). Decide on a set of money management rules and sign up for some charting software. Paper trade until you can make a profit (on a monthly basis) for 4 consecutive months. Take the $4,850 bucks you saved, add about $15,000 more and start trading the Emini contract with 1 car. Good luck, Lefty
Nobody seemed to be able to respond as to what the primary setup was. I thought that it was entry right after a double top or bottom on a short time frame bar or candle, with the trader looking to get out with a two point profit.
Regarding the cost, I think $5,000 is excessive. On the other hand, working with the public sucks for the most part. You have to deal with a lot of folks who shouldn't be trading to begin with. Charging $5,000 just means that they now feel "entitled" to success, and with a minimum of effort on their part. In my opinion, not a real strong business plan.
My alternative? Go buy a book on Candlesticks (Any of Nison's books or "Candlestick Charting Explained" by Greg Morris). That will cost you what, about $150 bucks if you read them all. Learn to use floor pivots (about as simple as can be). Decide on a set of money management rules and sign up for some charting software. Paper trade until you can make a profit (on a monthly basis) for 4 consecutive months. Take the $4,850 bucks you saved, add about $15,000 more and start trading the Emini contract with 1 car. Good luck, Lefty
I believe in their emails they state they teach 6 setups. The training
by chat is for 6 months. But what about after the six months is up?
Do they then charge more for ongoing support in the chat room or
are you left out on your own? I have never seen an answer to this
question... I would assume not everyone is profitable after the first
6 month period...