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Justin's Playground

  • #2,341
  • Edited 6:38am Nov 17, 2019 12:57am | Edited 6:38am
Quoting heispark
{quote} Personally I've decided to believe he's a legit. He often trades in real-time with live chat sessions. It's impossible to manipulate performance in this way because everybody watches the same chart and same price. Anyway, his trading style is very simple and interesting. It looks he never bother to do top down analysis (multi timeframe analysis) and he always sticks to one minute chart. I've never seen he changes the timeframe in his videos. It may make sense as he's a scalper. He mainly uses VWAP plus normal RSI and MACD. That's it.......
I don't need to defend Ricky but the videos insisting he's a scam is illogical IMHO. Their main logic is if he makes 1-2% profit each day, he will soon become the richest man in the world. Ricky didn't say his target is becoming next George Soros. Rick is basically a scalper and due to market liquidity, obviously his strategy has a certain limit. He is also realistic. He knows his strategy can stop working tomorrow, and therefore (I guess) he diversifies his income sources. Other than trading, he buys houses and does a car dealer ship or something. His Youtube channel and subscription businesses also should bring him huge money. As a trader, he's conservative. When he noticed /NG moves inconsistent recently, he reduced his leverage quite a lot. He also stopped swing trading due to the same reason. Anyway, I won't buy anything from him, I read reviews about his course and people say there's nothing special and his free Youtube videos already cover everything. Especially, I like his positive and gentle attitude. As you may know, there are so many crooked souls in FF who are either successful or failed as a trader. Trading is so much stressful and it can make people 'toxic' unfortunately......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,342
  • Nov 18, 2019 12:50am Nov 18, 2019 12:50am
Bryan's given up on forex too......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,343
  • Nov 18, 2019 4:02am Nov 18, 2019 4:02am
Quoting heispark
{quote} https://youtu.be/OKOVpS8ZeXY https://youtu.be/6EDnpJnjs4g
Although most day traders are losers, day trading has some advantages over swing trading. VWAP and Order Flow (Cumulative Delta especially) are among them.

More about Cumulative Delta
https://www.sierrachart.com/index.ph..._Bars_-_Volume
https://www.orderflowtrading.de/webs...ply-explained/
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,344
  • Nov 20, 2019 1:24am Nov 20, 2019 1:24am
I am a big fan of MotiveWave and I have helped them fix tons of bugs.... As a result, I am labeled as a 'Well-known member"....
I also have made tons of feature requests and they are open minded to listen to me. They are quick because (I think) they are relatively a small team. Anyway, I highly appreciate it.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,345
  • Nov 20, 2019 10:44am Nov 20, 2019 10:44am
Quoting heispark
{quote} Although most day traders are losers, day trading has some advantages over swing trading. VWAP and Order Flow (Cumulative Delta especially) are among them. More about Cumulative Delta https://www.sierrachart.com/index.ph..._Bars_-_Volume https://www.orderflowtrading.de/webs...ply-explained/ {image}
Ah, MotiveWave has never ending bugs...... I found its cumulative delta is inaccurate.....
Perhaps, I should have selected Sierra Chart instead.......
https://support.motivewave.com/forum...lta-reset.179/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,346
  • Edited 5:47am Nov 21, 2019 3:49am | Edited 5:47am
Quoting heispark
{quote} Ah, MotiveWave has never ending bugs...... I found its cumulative delta is inaccurate..... Perhaps, I should have selected Sierra Chart instead....... https://support.motivewave.com/forum...lta-reset.179/
Ok, fair enough. I've decided to buy Sierra Chart. You know what, in Futures trading, you mostly end up with multiple platforms because there is no single platform fulfilling your demand perfectly.... In terms of cumulative delta which I find an edge, Sierra Chart is the best.... I am spending more money to platforms than the money I make...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,347
  • Edited Nov 23, 2019 5:02am Nov 22, 2019 11:11am | Edited Nov 23, 2019 5:02am
Quoting heispark
{quote} Ah, MotiveWave has never ending bugs...... I found its cumulative delta is inaccurate..... Perhaps, I should have selected Sierra Chart instead....... https://support.motivewave.com/forum...lta-reset.179/
/NG Jan contract Daily chart. MW's continuous contract chart has an issue.... holy crap, it's f**ing buggy like a beta product... I changed my mind, Sierra Chart is better than MotiveWave!
Sierra Chart is also much cheaper than MW (Package5 is $25/mo via AMP Futures). If you're not a Mac user, just shut up and choose Sierra Chart. Period.

TOS / Sierra / TV / MW
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,348
  • Edited Nov 23, 2019 5:12am Nov 22, 2019 10:46pm | Edited Nov 23, 2019 5:12am
Rithmic vs. IQFeed

In short, for most people IQFeed is an overkill.....

Is IQFeed really needed when having Rithmic?
https://futures.io/reviews-brokers-d...g-rithmic.html
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,349
  • Edited 9:30am Nov 27, 2019 8:40am | Edited 9:30am
Finally ditched MT4 and all the jokes........
Now all I have is MotiveWave (regret I purchased its life time license), Sierra Chart and Thinkorswim. Bookmap was ditched too (redundant and buggy).
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,350
  • Edited 2:58am Nov 28, 2019 2:41am | Edited 2:58am
Quoting heispark
I think Bookmap can be more suitable to me than Jigsaw. I like this video. It's also interesting to hear the reason why this presenter prefers stocks against futures these days. https://youtu.be/YBI79bztF_M
Another video from Scott Pulcini.....
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And now he prefers stocks over futures.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,351
  • Nov 28, 2019 6:51pm Nov 28, 2019 6:51pm
Quoting heispark
Good-bye CQG, and Hello Rithmic..... I replaced CQG with Rithmic. Full market depth is impressive. {image}
Wow..... glad I moved from CQG to Rithmic.... What happened to CQG?
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https://www.sierrachart.com/SupportB...ThreadID=46231
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,352
  • Nov 28, 2019 10:30pm Nov 28, 2019 10:30pm
Quoting heispark
{quote} Look at this video from a former Google and Facebook programmer too. You don't need to feel sorry to him because I think he's making huge money from his Youtube channel now instead of trading.... https://youtu.be/5IcvRe8bQhU People you come across in FF are in 99% of chance, either consistent losers or people who want to sell something now or in the future. Trust me.
Algorithmic trading cannot guarantee your success either. As you can see in the above video, a former Google and Facebook tech lead is still losing money in his both manual and algo trading. Are you a better coder than him?

This guy also stopped algo trading. See why:
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Algo trading education business is quickly becoming another good source for savvy people to make money from innocent retailers. You know, mining gear sellers made more money than gold miners during California Gold Rush....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,353
  • Nov 29, 2019 1:10am Nov 29, 2019 1:10am
Quoting heispark
{quote} Algorithmic trading cannot guarantee your success either. As you can see in the above video, a former Google and Facebook tech lead is still losing money in his both manual and algo trading. Are you a better coder than him? This guy also stopped algo trading. See why: https://youtu.be/DKY-3NFhxI0 Algo trading education business is quickly becoming another good source for savvy people to make money from innocent retailers. You know, mining gear sellers made more money than gold miners during California Gold Rush....
Another good algo trading video:
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,354
  • Nov 29, 2019 6:37pm Nov 29, 2019 6:37pm
Quoting heispark
{quote} My wife's Dell Vostro V13 laptop died a year ago. I gave up fixing it due to high cost. This laptop also had design flaw in HDD connection parts. It's well known issue (even can be found at Youtube) which can easily be found in Internet. I will NEVER EVER buy Dell shits anymore. It' official, I am MS hater, Samsung hater, and now Dell hater!! {image} https://youtu.be/psgoFMRmn5c
I am a royal Dell and Microsoft hater......... They are pure garbage in this planet.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,355
  • Nov 30, 2019 9:39am Nov 30, 2019 9:39am
Quoting heispark
{quote} Glock26 met a strong competitor...... https://youtu.be/n29qgsP9B-E
SIG P365 SAS... my dream gun...
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,356
  • Nov 30, 2019 9:48am Nov 30, 2019 9:48am
We will be the last generation of human traders.......
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By the way, Google selected Apple Swift over Python for their machine learning language. You may want to learn Swift....

Why Swift May Be the Next Big Thing in Deep Learning
https://pechyonkin.me/portfolio/why-...or-tensorflow/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,357
  • Edited 7:29am Dec 1, 2019 7:17am | Edited 7:29am
Linda Raschke.......
It looks like she's posting many youtube videos recently. Although I like her personality, frankly I really don't know what she's doing. Is there anyone who's been benefited from her teaching? I mean, is there anyone who can make money from it? ADX, BB, Volume Profile, ... all sort of old school stuff... I am sorry but her teaching sounds like a joke to me. I've decided not to learn anymore trading systems or teachings any longer (especially when the 'teacher' cannot provide live tradings or audited performance). There are full of noises and garbage in this business. Rather, I will stick to my own current strategy. Learning more doesn't necessarily improve my performance.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,358
  • Edited 8:29am Dec 1, 2019 8:17am | Edited 8:29am
Quoting heispark
{quote} I don't need to defend Ricky but the videos insisting he's a scam is illogical IMHO. Their main logic is if he makes 1-2% profit each day, he will soon become the richest man in the world. Ricky didn't say his target is becoming next George Soros. Rick is basically a scalper and due to market liquidity, obviously his strategy has a certain limit. He is also realistic. He knows his strategy can stop working tomorrow, and therefore (I guess) he diversifies his income sources. Other than trading, he buys houses and does a car dealer ship or...
Ricky says "Indicators are great references but to never be used as an entry or exit". 100% agree!! This boy is a genius. It took me 10 years to realize it.....
(watch at 37:30)
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There are people in FF who are arguing about indicator line crossings or angles every day and night. They happily and comfortably fall in 95% statistics......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,359
  • Dec 1, 2019 4:30pm Dec 1, 2019 4:30pm
Quoting heispark
Linda Raschke....... It looks like she's posting many youtube videos recently. Although I like her personality, frankly I really don't know what she's doing. Is there anyone who's been benefited from her teaching? I mean, is there anyone who can make money from it? ADX, BB, Volume Profile, ... all sort of old school stuff... I am sorry but her teaching sounds like a joke to me. I've decided not to learn anymore trading systems or teachings any longer (especially when the...
well, many of the market wizards in Jack D Schwager' books did not last 30 years.
I know one whom I paid for his course and mentoring program. Learn a lot of generic stuff in one year which are mostly available online.
And he is no longer profitable despite being one time a market wizard... all hype.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,360
  • Dec 1, 2019 4:32pm Dec 1, 2019 4:32pm
Quoting heispark
{quote} Ricky says "Indicators are great references but to never be used as an entry or exit". 100% agree!! This boy is a genius. It took me 10 years to realize it..... (watch at 37:30) https://youtu.be/wiIhsFObsek?t=2249 There are people in FF who are arguing about indicator line crossings or angles every day and night. They happily and comfortably fall in 95% statistics......
and my conclusion has been:

Too much time is being spent on TDI and Stochastics,

Too little time on Price Action and Support/Resistance.

And no time spend on Money Management, Risk Management for entries and exits, When to Cut-Losses short and How to Let Profits Run.

You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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