TIMES method

YMAN · Dec 29, 2004

11:45 eastern time or 12:45 pacific according to their chart

bodysculpts · Dec 30, 2004

I believe the posted recap restates what I addressed earlier... The "congested choppy" conditions especially at the start of such conditions are not evident in real time... That is why the word hypothetical appears in the recaps... Anyone here who has been trading for a number of years would unlikely fall for he picture that TI so adeptly creates. Realistically upwards of 80% of their students are newbies who buy into the dream.. Especially when all the subjective filters are used to show that T1 "had another great day". Put yourself in there shoes and if you had a cash cow you would create subjective criteria to eliminate most if not all losers and not tread on the CFTC bandwagon. It is possible to have winning streaks with this method however the odds of trading catch up and it falls back to break even at best. remember the "hypothetical" results don't include actual market and limit prices in the recap . the odds of one catching such great fills exists only in fantasy but T1 always gets their limit fill for their targets even if its only touched by a few contracts. Also anyone who has traded any length of time knows a r/r of 1-1 you need a 60-70 % win range to pull any decent return out of the market. with 60% close to b/e. Also when scalping in real time you often have to take smaller chunks at partials than T1recommends. Stops at fixed ratios 15 ym and 2 points es don't take into account current support and resistance in the market which could be less of more at the time. Since this method is primarily focused at those with big dreams and no practical experience its easy to blame the student for not being to filter out the losers

Just consider the $5000 a good kick in the ass for being lazy

traderob · Dec 30, 2004

Quote from bodysculpts:

Just consider the $5000 a good kick in the ass for being lazy

Kind of a social service when you look at it that way.

version77 · Dec 30, 2004

Quote from bodysculpts:

Also anyone who has traded any length of time knows a r/r of 1-1 you need a 60-70 % win range to pull any decent return out of the market. with 60% close to b/e. Also when scalping in real time you often have to take smaller chunks at partials than T1recommends. Stops at fixed ratios 15 ym and 2 points es don't take into account current support and resistance in the market which could be less of more at the time.

I have read somewhere in TI's literature that they claim with their
"parameters" you can achieve 75% winners !

And they also state that with a smaller daily range that stops and
targets have to be adjusted... I wonder if they keep R/R at 1:1 at
all times no matter what the setup...

version77 · Jan 25, 2005

Quote from qtip:

4. Cup and Handle

If this is one of the TIMES setups it sounds like they have a breakout setup?

Unless they are fading it with one of their divergence setups?...

qtip · Jan 25, 2005

Quote from version77:

If this is one of the TIMES setups it sounds like they have a breakout setup?

Unless they are fading it with one of their divergence setups?...

I don't think they have anything for breakouts. I think it is all divergence plays along with one type of trend trade. I wonder how they did yesterday since the market had a very narrow range and choppy.

I have found another trading indicator that can help with divergence systems, just in case someone on this thread is in love with Traders Internationa. www.ftacademy.com has some sort of Pressure Oscillator that measures the price and volume of the stocks in the S&P 500. I just finished there 3 day free trial. It was pretty neat to see it in action. They also trade with real money so you can follow along.

mikecazz · Mar 10, 2005

Quote from AAAintheBeltway:

If they basically give away their proprietary setup during the free seminar, what do they have left to sell? It doesn't sound like rocket science, ie MACD divergence.

Divergences are a little hard to code for backtesting, but I would think anyone could put up a one minute chart and just watch it for a few weeks.

It seems to work - I have been watching it live. But against a trend, all bets are off.

mikecazz · Mar 10, 2005

Quote from claudiakristic:

The indicator settings are provided in the CBOT webinar.
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1058+23479,00.html

The actual settings? I just see the indicators on slideshow.

mikecazz · Mar 10, 2005

Quote from qtip:

"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 am sure the TIMES METHOD works well in theory, but what about in real-time. I am sure many of the traders on this site can teach and give commentary in real-time. The issue is how to manage the trade once it is in. Of course, with trading 1 contract, that is easy since you are either waiting for it to hit your target or get stopped out. But trading with multiple contracts is a different story. If they were to place the trade while teaching, then I would say they have a service worth the money. They know it is safer to comment on setups rather than take the trades.

Well - pick a price, scale one out quick. Up some more scale another one out and move stop to breakeven or better - trail stop from there. EOS

mikecazz · Mar 10, 2005

Quote from Golfman25:

First, nothing works in all market conditions. That is a key characteristic of a good trader -- knowing when market conditions have changed and the system need to be adjusted or shelved.

Second, these "trainer types" usually have all the "right" answers so they can't be pinned down. That's how they get your money.

After watching one of their expo presentations, I took their idea and developed a 10 min bar version. Worked very well. Made decent money. Stopped trading it because I got busy with other things. We'll see what the new year brings.

Bottom line, as far as I can tell they offer a setup. It can work. But not always. You need to do your own research and testing to prove it to yourself. You need to add all of the other aspects of a sound trading plan. In my opinion they charge a lot of money for something you can do by yourself. Good luck.

Yes, but did you think of it yourself? No. I did notice divergences long ago - but never worked with it enough to see if it was worthy of using. You just admitted you used thier system to make money. They admit it works on all times frames. Nothing works all the time. Is $5000 a lot. Sure. If it made you $5000 in 5 weeks then was it worth it? I would say so. The patterns are there - they patterns work - the patterns fail - some traders could scrape profit out of a losing trade though. For that astute trader it might work great?