windo

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My hindsight of fischer's footprint
 
Tendspace.com/file/76ig0q

Longboat, Thanks for your input so all can benefit. By no mean I am going to defend L2ST and merely can only speak about my personal experience with L2ST. After being in the room for a long time and seeing the predicted levels made for the next day and each time those levels were used to take the trades.......Wether a person makes money on those levels or not I do not care and if a trader coach makes money by trading or not I do not care at all. I do care e.g. about the levels being part of the daily plan and that is one of the aspects I have learned at L2ST. No need to see a person trading live as long as the coach function is excellent. Just like football: the best football trainers are not necessary a good football player. As a trainer their job is to create good footballers. If a trader trainer makes money or not I do not care as long as I can learn and be successfull as a trader; which includes to make up the levels. And what L2ST is doing is no secret science. In the same line FT71 and many others (just see the references at the M@rketDelt@ website) are often ending up with the same levels.
Separate from L2ST. In general one need to get the ability to be consistent succesfull as a trader. There is no receipe taht is valid for each trader. One person will be very happy with trading room ABC while another will abandon trading room ABC and go for another trading room.
There are very few people who can trade consistent succesfully and coach efficinet and effective at the same time. I only met one person who stopped his trading group for personal reasons.
 
As a trader one ashould also find out which trading style fits one personality. Personally I wanted an approach by which I could predict (or better said: pre-set my levels for the next day) and then go trading instead of glaring at a screen all day and wait for an arrow to show up or a beep telling me to press a button. I would never be able to maintain that behaviour for more than 3 months behing a screen all day.
 
There is no good or wrong and I do not pretend to know anything. I merely try to help others here by sharing my personal experiences which may not be applicable to other traders. But I am very curious to see if other traders will share their experiences as well so we all can benefit.
Trading is not an easy job and finding your way around is not an easy job to accomplish.

Forexmaniac84: What I personally like about L2ST is their claim that they will learn me to trade and deliver all I need eventually became true! Tools, method, psychology, trade managemant etc. all you need. Yes: you pay for the knowledge transfer and guidance, but the time you save (worth years of research) makes it a bargain (in my personal opinion). Again: I know people not being happy with L2ST, but for me it worked very well. Perhaps because I was prepared to do all L2ST suggested me to do (including switching over to another charting package, get expensive datafeed etc.). The click between you as trader and the person delivering the guidance is essential for success. As a trader you must be flexible. The most important I learned form L2ST: If you know the market (your enemy) you already won the battle before it started. So I make my daily plan and levels to trade-off the day before the market opens and I act upon them. Very cool if you see how the markert reacts on the pre determined levels - it gives you confidence when entering the trade and do the trade management.

After two years of struggling with traditional indicators and looking for a "good" system (see the 100's here on indo-investasi) or a "good" method (Tradeguider,MT Predictor, Various Ninja to name a few) I realised that I personally (this is only my experience and I do NOT claim to have the truth) was not understanding the markets and as such could not be consistent profitable as trader on the longer run.
I decided to trhough all overbeoard I knew about trading and became a member at L2ST. Here I learned first to understand the markets and how to apply Market Profile and related. L2ST is not for free (although a lot is shared for free) and they have no free trials. But I learned how to become consistent profitable. Count on a monthly fee for the room, the use of M@rketDelt@ software, paid DTN IQ datafeed for a period of at least 6 months (again: this is my personal experience; it may be different for other persons). Also have 6 months full-time time availabel to follow the room, the markets and digest what you daily learn. I know this is not available for each trader. I am not associated with L2ST. Some people were not happy with L2ST and ended up with FT71. Personally I liek L2ST more than FT71 as L2ST offers the complete trading picture where as FT71 is more limited, but both offer Market Profile related materials. I hope this helps. www.l2st.co.uk

Exactly but what does Ben do? He is using the footprints to confirm his entries. And what does Ft71 do he is looking for LVN's and he understands the game as well. All these things are connected and in the end it is all the same. And no you are wrong you don't have to be a pure scalper I use it for entries and exits but I like to hold my trades for some time. Yesterday after the sell off the pullback reached the VPoc and only 7 contracts printed into the offer after that sellers came in and it was a nice short opportunity. However you are right you could just have shorted the vpoc and if thats your style then good for you. I like to see what is actually happening that's why I choose to use the tools I mentioned

Hey guys,
I received a lot of PM's in the last couple of days and I will start this thread to give you a general idea how the markets work and how you can make money. Most of the stuff I will share is copied from some place else so don't give me credit all I am doing is trying to prevent you from the mistakes I did.
I should mention that this is for futures traders only the forex guys should in my opinion focus on breakouts in the Cable or some other market that really moves and should stay away from the Eur/Usd at least in the beginning.
 
The truth: The markets move because there are imbalances between the buyers and sellers, think about it if you have 10 people who are willing to buy your car and you are offering it for 500$ and everybody is interested what is going to happen? Someone will offer you more than that and the person that bids the most will get it. The markets work in the same way it is an auction (the difference is that is a two sided auction) and there is no such thing as more buyers than sellers. There has to be a buyer for each seller and this is exactly the reason why we can make money! All that matters in the end is the bids and offers. No indicators and no other bullshit.
 
The best platform in my opinion is TT's Xtrader and SURPRISE it has very limited charting abilities but it has a very good DOM which shows you exactly what is going on right now. However the guys at Jigsaw have developed a tool which shows you almost the same and which has a few more features which are essential for newbies who want to learn orderflow.
If I could start again I would only look at the DOM for at least two month because it shows you exactly why a market moves! You need to focus on the bids and offers, the market orders that hit each level and the volume at price (the contracts which traded at each level to see where the big guys are interested in buying or selling) and believe me you don't need anything else. Just focus on the most common levels (Open, close, yesterday and daily high or low) and see what is happening there. I will try to post some more but please don't rush me my primary focus is to make money everyday and not to educate you guys. I will post some trades etc IF I have the time and if I feel like it. There are many good sites you can check out and I will share them all. In the beginning you should focus on the following: the tape is my shape thread on BigMike
http://www.youtube.com/user/NoBSDayTrading
http://www.youtube.com/user/jigsawtrading

Hi Windo
most of the brokers do not give you historical data, they only give real time data.
when using market delta - you can subscribe to dtn for $15 per month, this way you get the real time from the broker and the historical from dtn.
once you got all the data you need, just back it up and stop the dtn service, its much better to spend 15$ then to try to import data.
hope it helps
jane

i cracked 11.1.11 (99.99%) the crack for the one you uploaded was easy to duplicate, but is not complete. there are additional patches that need to be addressed.
thanks
 
http://i41.tinypic.com/281euj9.png

Marketdelta does not connect directly to CQG.
In order to use CQG as a data provider you need to install market delta trader which DOES connect to CQG.
The only problem is that if you have an account with AMP futures like i do then your live data is configured by the broker to allow only one platform.
In my case i am using the data to run my ninjatrader, so if i want to run marketdelta also i need to either open another account which is very cheap through amp or keep extending the demo account data.
Hope it helps.
Jane

Perhaps I have not tested it on older MD. Sorry for my terrible English.