elishar

@ warsteiner
 
Here is a overview of the work from Jane, read it, a lot to learn:
 
 
 
http://indo-investasi.com/showthread.php/21796-Make-money-consistently-trading-the-ES-Traderbeauty-way-2-ticks-stop
 
http://indo-investasi.com/showthread.php/22714-JTMAI-ES-Scalper-V1-1-no-indicators
 
http://indo-investasi.com/showthread.php/22984-Friday-ES-entire-day-analysis-amazing-day-no-indicators-by-TRADERBEAUTY
 
http://indo-investasi.com/showthread.php/22713-JTMAI-ES-Scalper-V1-1-no-indicators
 
http://indo-investasi.com/showthread.php/24229-Traderbeauty-Golden-opprtunity-for-making-90-ES-points-coming-soon
 
http://indo-investasi.com/showthread.php/24928-Traderbeauty-Power-of-longer-term-price-analysis-and-my-broker-s-real-money-reports-a
 
http://indo-investasi.com/showthread.php/25199-Traderbeauty-Long-term-ES-forecast-plus-some-trading-examples
 
http://indo-investasi.com/showthread.php/25583-Watch-LIVE-how-I-am-going-to-make-1-2k-calling-the-entries-AHEAD-incl-broker-reports

The old version, if you need.
https://[email protected]/file/24x68w
Be happy!

Ok! Go here guys
https://[email protected]/file/xm65t1

Hi Jane, congratulations !!! It seems you have either "arrived" or almost there.
 
Carbon25,
 
Years ago on this Forum I tried to alter trader's believes ( instilled in them by books and seminars written by folks who never made a living trading ) that in reality there aren't 100's of different ways to make money in Markets. There are many different tools to do it with like derivatives, options etc, but as far as real trading approach and philosophy goes - there is only a few. That is the main reason that so many traders fail, they try ( because being told so by all the books ) to find approach which they are comfortable with because otherwise they will never make it. Well, 95% of them are not making it with their approach anyway. When we look for approach we are comfortable with - it means we are looking for Market to behave a certain way which agrees with our psychological make up and finances, when did Market ever made it easier for anyone to make money in it ?! Of course never !!! And here is the difficult honest truth - trader should be learning everything he/she can about Markets, what makes them tick, why they behave certain way under certain conditions, and forget all about themselves for years while they are acquiring all this knowledge. And once trader has accumulated sufficient knowledge of what really works in Markets - he/she MUST be able to utilize approach which works in Markets, regardless whether it is comfortable for trader or not. Every trader will have a period of time to become comfortable with what needs to be applied, and if they can not, and slip in to creation of something they are comfortable with - it's game over for all intense and purpose.
 
We sometimes hear or read about incredible trading success achieved by a handful of traders, these are lucky few who's natural inner self aligns perfectly with what needs to be done to be successful in trading - also know as talent, for the rest of us ( who eventually do become successful in trading ) it's a long road of never ending struggle with self change and unfamiliar discipline required in trading, not to mention a few dozen other little hick-ups along the way :) .
 
Just one more small remark for carbon25. I also years ago used to think of trading as war, and all other traders enemies. Trading is a lot like Poker and Golf, we will never be as good as we could be. So with that in mind, I started to look at trading as my never ending competition with myself. Anyone who has any kind of trading experience will agree that most of the time when we lose money it has very little to do with what Market it was, or who we traded against, it nearly always our mistakes or shortcomings in knowledge, execution, money management and quite often all of the above:) . Just letting you know what worked for me.
 
Best to all, good trading,
 
Simon

Trading is not easy.
You are competing with millions of other traders , robots and big money traders.
Its a closed sum so if you want to win you are taking it from others that definitely dont want to part from it.
 
I dont have time to teach or answer individual questions- as per indicators you will have to post here and ask others to repost.
 
I have been working on my own method that hardly uses any indicators for a long time and it seems to me that its totally finished.
 
I am still trying to implement so filtration so I dont take every signal- working on a combination with parts of nexgen-t3.
 
I can tell you one thing- do not use indicators, just look at the legs and try to read the direction of the market, see where the reaction happens and this will tell you where the market will go.
 
take care and good trading.
 
Traderbeauty-Jane

i will do my best
not going to teach you everything because it took me many years to get there- its simple but very composed and takes hundreds or maybe thousands of screen time.
its not easy to identify a trend change or lets say- a move change in real time live.
if the market is going up its very hard to distinguish between a retracement and a move direction change.
 
i will do my best to direct you to the right way and hopefully get you to think and not to rely on colored indicators to do the job.

I actually deviced a method for much smaller time frames.
The idea is the same- watch the reaction , watch the legs and then make the deduction where the move is going to end.
This is a system that I have been working on for a long time and its very successful.
I am planning to use it live on a very small 1k account of one of my friends here using initially the MES ( micro ES ) and then switch to a full contract.
Planning to post the results here so members can see that live succeesful trading is achieveable and can be done.
 
I dont use any lagging indicators.
 
For measuring I use renko spectrum 4-1 and 8-2.
For my signal chart I use a 1 plain renko.
I use few indicators that show me live - buyers and sellers and thats it.
 
Planning to go live Monday.
 
Have a beautiful weekend.
 
Traderbeauty-Jane

Hello,
 
maybe someone have some recorded Bookmap BMF files from previous sessions for ES willing to share?
 
It is for using the replay function from previous trading sessions.
 
Thanks for any help! :)=D>

Thank you for sharing but just a quick note from someone that has been at the market for a long time.
 
You have to beware and avoid this type of indicators- systems.
 
They are delayed and the signals are lagging.
 
By the time you get the signal most of the time on a choppy or sideways day its already time to reverse so you can lose in one day more than you gained in a week.
 
Stick to price action, fibs and pattern recognition because they are the only indicators which are not lagging.
 
Stay away from nice colored charts with a lot of indicators.
 
Just my own opinion.
 
Traderbeauty-Jane

There is a part of the forum that is called HALL OF FAME.
It was created a long time ago.
Few days ago I edited this group, deleted the non- participant members and started to add the ones here which are active .
In this group I also changed the amount of email storage from 50 to 300.
I might even start a new area other than the Hall of Fame- maybe something new just for active and sharing members where we can be more free there-just a thought.
Please let me know what you think
Jane

Hi Laser1000it,
 

 
As @traderbeauty rightly pointed there has been a flood of stuff lately and hence the quality is diluted. This has posed a big challenge in figuring out which one is good. Hence I started a thread (http://indo-investasi.com/showthread.php/31273-Must-Have-Must-View-Read-List) for this very reason where in people can suggest what is worth spending time with. If you have something which others should pay attention to kindly post to that thread so that it will be easy for new comers to know where to start. Thanks.

totally agree-
every a-hole can use his cell cam and "create a trading course" - that does not mean its any good.
maybe we should all get together , sift through and recommend the good ones- no idea what to do.
I am not watching any of these for me its just a waste of time.
But on the other hand- people should be THANKED for their efforts and uploads no matter what so I salute you all.

usually i hardly ever watch any of the seminars and courses- i prefer to develop my own method and system.
 
what caught my eyes was one sentence which is totally unusual -here is a quote---
We use only naked chart to analyze. No indicators. No additional software. Just Price & Eyes. We train your eyes
 
I HIGHLY recommend everyone to give it a try ( i did not watch it yet ) just because of this quote.
 
Considering that almost 95% of the current systems are indicators related- meaning they are lagging - this MIGHT be LEADING system .
 
Again- i didnt have a chance to watch it yet but i intend to.
 
Also- please give candlesticks their value- i dont use them normally because i trade tick charts but i have seen many situations where they at least alerted you for a reversal or at least a retracement.
 
just my humble opinion
 
Thanks again borsaman for all your great shares.
 
Traderbeauty-Jane
 
p.s- i would definitely NOT PAY 7000 Euros lol

Dear Members and Friends.
 
This has been the best forum I have ever been with.
 
So much knowledge and experience, so much dedication and support.
 
I see this as a privilege to be a moderator in such an amazing forum.
 
Just wanted to tell you all that I really appreciate you all clicking SEVEN THOUSAND times- it just warms my heart and pays for some less desirable times when we have a hacker
that I had to delete 150 times etc lol.
 
Love you all
 
Traderbeauty-Jane

looks very interesting.
Since it deals with live volume it might give us an edge.
It does remind me of another similar indicator ( forgot its name ) but maybe this one is better.
 
maybe someone can do the magic lol.
 
Thanks again
 
Jane

ok guys
i did it.
Took me awhile to find out how to do that but since i have not just moderator rights but also Administration ones I had no problems at all.
 
I changed the name of the current forum to Ninja Trader 7 and added another one Ninja Trader 8.
 
So please start to use it .
 
If you have any other ideas or suggestions then please let me know and i will be more than happy to help.
 
You are an amazing forum .
 
Take care and thanks again for everything
 
Jane

Well spoken.
We all appreciate your feedback.
Please let us know if there is a system or methodology you prefer and like.
Jane

Hello Guys I thought this thread could be very usefull for you Traders
 
I have been testing over 100+ trading methodology + Building Algorythms for 5 years now
I learned that on all thoses sellers/providers there is only 1% that are actually really making money.
Think about this , why would someone that make money would share his secret sauce ?? they would of course keep it for themselves.
it means 98.5% on internet are bullshit and scammers trying to sell high priced Automated system.
 
The things you must ask before buying a Trading system/automated system
 
1)Ask for Account Statement wich has money and real trades , no better proof than a trader that trade his own money right ?
2)Get systems Educated before buying them , God thanks that I found this forum 8-) Thanks Indo-investasi you saved me lot of money.
3)Don't hope making money with a small 10k usd starting capital , you need at least 50kusd for risk managment and adequate position sizing.
4)VERY IMPORTANT most sellers will show show you backtesting results WITHOUT Slippages+Commissions this impact dramticly the performances results changing from Smooth positive eq curve to negative and poor eq curve , Don't get mistaken or scammed guys.
 
The more Trades you have and the more it will impact the profitability
 
example: let's say you have a system that from 2010 to 2018 has 500 trades
slippages is : when you enter a position you never get filled the same price as what backtesting results says
it means you need to add 1 ticks to 2 in futures & about 0.10 cents if you trade Stocks to reflect the reality
 
Slippages
Futures:1 ticks in Crude oil futures = 10$ , 10$ entry + 10$ exit means 20$/trade you multiply by 500 trades that's 10 000$ just in slippage
Stocks:to be determined
 
Commissions
 
Futures:Commissions is the brokerage firm fees to allow you to enter into the position (depends on each brokerage firm)
in this example we are going to use 2,50$ fees per trades 2.50*500 =1250$
 
Stocks: Lets say you trade a 100$/share stock x (stocks has per trade or per shares price bundle depends on the package you took with your broker)
 
Example: 50k/100 = 500 shares you can take a maxmium of 500 shares for a 50k capital
500shares*2.50 +0.05*500shares*500 trades =13250$
 
0.05 is 5 cents per shares as most brokers charge
500 shares / trade * 500 trades (2010 to 2018) =
 
Total slippages + commissions paid in crude oil futures : -10250$ to the overall strategy performance
Total Slippages + commisisons paid in 100$/share (stock X):-13250$ to the overall strategy performance
 
Key points
 
1)Strategy robustness + profitability profit factor at least 1.6 ,drawdown must be under 10k for a 50k capital that's 20% drawdown (don't forget this)
Backtesing must at lwast have 300 Trades minimum so you can start considering the strategy
2) ALLWAYS Perform a Montecarlo Robustness Testing into a strategy(it randomise entries + pricing for calculating the robustness)
3) Preferably Have a Long & Short strategy that has at least 50/50 Long & shorts.
You can have long only strategy but make sure it has passed worst period like 2008 crisis
 
4)Risk Managment** position sizing vs equity allocation Very important , it's actually more important than the strategy itself
 
5)Hedging strategies in as the market goes up or down cause you never know allwyas remember that (Past results doesn't indicate futures results)
 
 
Thanks for Reading & Happy Trading Guys :):)

i basically dropped all the indicators- i use pure price action.
i use rightline colored moving average for the 1 renko chart but thats is just for reference.
stay away from indicators and you will win consistently.take any indicator you want- then run the chart backward and go through chop or consolidation areas and you will understand what i mean- in these areas you will give back all the profit you gained from the trend section.
jane

Thank you all for these wonderful educations and all the sharing.
 
I quickly watched their video presentation in the above post---
 
In my humble opinion and experience- any indicator tat is based on the history is a waste of time.There is no "MAGIC" indicator that will tell us when to go in and when to get out .
These indicators can work great on a long , strong and endless move that we get here and there but as you all know- most of the moves are not like that and when you get a sideways - chop, or consolidation move by the time the indicators set realizes it you already lost much more than you gained.True- you can try to judge chop by few indicators but again- they are all based on the history - meaning 10-15 previous bars and the software assumes that the history will continue into the future which many times does not happen.
All those colored indicators will drag you down and will cause a lot of losses on the long run.
An indicator that is not right at least 60% and above ALL THE TIMES is worthless and slow to react.
 
The market moves in waves or legs, there are the micro ones which are the smallest possible and the waves getting bigger and bigger as the time frame get larger. These waves are playing ALL TOGETHER .
In order to consistently succeed you HAVE to train you eye to identify these waves- legs- through the different time frames - then you know where the market has reacted which will tell you where its going next and then you can take the trades accordingly with the market direction.
No sense ( unless you are really good and you have a huge size account ) to trade using daily or higher directions.
I use renko-spectrum 30-4 as my highest time frame but this is really nothing to count upon- its just for reference.
My important one which keeps me out of trouble and prevents chop is my renko spectrum 8-2 , then the next one is 4-1 and my main- where i take trades is plain renko 1 tick.
I hardly use any indicators.
Learn fibs and some price action.
In my humble opinion- clusters, vp, all these magical supports and resistances are wonderful but----,,,,,almost always (unless there are news) if the end result of all the buyers - sellers etc is a move up- you will see a move up pattern.
Almost always these small patterns are LEADING and much more sensitive that all these indicators.True- its much harder to watch a pattern live that just bunch of colors- but its worth it.
Take care and believe what i say- i have been doing it for almost 20 years.
 
Traderbeauty-Jane
 
p.s- as per fibs i highly recommend dynamic traders course ( skip the first part ) its very good and just search for it in the forum.

In the 'Dirty Tricks' webinar of RTM (shared in post 30), Ifmayante talks about a guy Redsword 11 with whom he started analyzing markets and understanding PA. This 'Redsword 11' is an ID of another forum. But, there is a very good eBook available on the internet which is a collection of Redsword's posts systematically arranged in different chapters (topics). I have read this book and it has some great info on PA trading. For the convenience of everyone I am sharing the download link of that 390 page book. Hope others find it as useful as I did.
 
'Price is Everything' link:
 
https://www.forexupload.com/bxu
 
Thanks,
D_A_

Yes even I have seen that everybody (me included) first falls into the trap of indicators, but after consistently being inconsistent in their trading they realize 'perfect is not when there is nothing more to add, but when there is nothing else to remove'. Then, they get into real PA. Wise words you said and truest also.

Thank you all for such valuable info.
 
Most of the traders lose ( and that is a fact ) because of two reasons:
 
1) They do not know what is the market direction ( which is normally the profitable way to trade ) in the time frame they trade.
2) They relay on lagging indicators which have beautiful colors ( lol ) but made off macd,ma,stochastics and so on which being calculated using the last X amount of bars "ASSUMING " that the direction will continue the same.These indicators are very slow to react in a reversal causing you to lose everything on a choppy session.
 
The solution is to use price action or just price- or leg movements and just read the moves. This way you know almost always where the market is going and your reaction time is minimal.
 
And dont forget fibs which are like street addresses for the moves- no matter how small or big they are.
 
The chart - or price move encompass all the information you need.
 
I do not use any indicators at all ( sorry i lied- use an ma just for reference on my 1 renko chart ) but it took me a long time to get there.
 
Take care and thanks again
 
Traderbeauty-Jane

"Besides free membership, the Website also offers Elite Membership at a one-time non-refundable fee of (USD) $100 for lifetime access. Elite Membership enables the members to access certain privileged and reserved sections of the Website, which provide better services and features."
 
As you can read, BMT has raised the cost of Elite membership from $50 to $100. As most of us in the trading community know, Mike is a burnt out, perennial losing trader who started the site to hoodwink other traders into becoming Elite members so he could essentially charge $50 to allow them to download indicators that were developed by other people. He pirated many of those indicators from developers without their express permission. It's constructive to know, Mike lost so much money trading, that his wife divorced him (he admits this on the site) and he had to marry his dog who is his avatar on the site. He created the site because he was broke and desperately needed income.
 
Mike must have a very small wenis. Why? Because he gets a real thrill from revoking memberships from anyone who even vaguely questions his wisdom, advice, or trading prowess. On BMT, he is the Wizard of Oz--the small man behind the curtain who wields power over a community of other losing traders. He is said to never get any sleep nor take any time off from the Forum, reading every single post and stroking his faithful (many who spend their lives posting ad nauseum) with a "Thank you" on their posts. In essence, he is a modern day L. Ron Hubbard and Jim Jones rolled into one.
 
Anyway, I digress. Elite membership doesn't provide anything "better" than the rest of the site. The Elite indicators are not worth $1, let alone $100, because he got them for FREE from donating members and others who developed them. So, I think it's only fair in the spirit of sharing to the community to give back what Mike has pinched from others. And, as far as the other threads in Elite (Journals, vendor reviews, psychology tips, webinars by vendors who pay Mike) they are worthless in terms of getting a real Edge because they are all opinions, setups and experiences of losing traders who seek winning methods from other losing traders and vendors who were also losing traders.
 
A member who realized he was ripped off by Mike, has decided to make many of these indicators available to the community for the very same price Mike paid; namely $000.00. This member has bestowed the collection of indicators to me and carried out his wishes to share with the trading community. After all, this is Mike's mantra, clearly stated on the site: "We firmly believe in openness and encourage sharing."
 
So share we will. In the next few days, I will attempt to make these indicators available for everyone in the spirit of Mike's philosophy.

Hi Elishar,
 
I try to trade both swing and short term. I am not a major trend trader, I try to find one to three week moves, like Markets often exhibit after periods of consolidation....easier said than done :). Most of my time is spent looking for swing trades which meet my developed over the years criteria. I usually will not get involved in short term or day trading unless I found a few swing trades which I am in, that's why I don't get a chance to day-trade most days.
 
I do trade ES on occasion, I do prefer the other three ( YM, NQ, and RTY ). Even though all of these are stock index futures of course, and on balance will go in the same direction, on real short term basis - often one of these will show us something before the others will, and it can add up to a "real" difference on the bottom line.
 
The rule of thumb is that Markets which least used in arbitrage, kind of purer ones, are easier to trade, especially for beginning traders than heavily arbitraged ones. My personal opinion is that this should not be the most important criteria when one selects Market(s) to trade, but with all else being equal - it does make a difference.
In swing or long term trading, Market selection is not very important, just like Jane said - over time all Markets will behave similarly, and most of them will respect Fibonacci ratios with sometimes mind blowing accuracy. But in short term or day trading - Market selection is incredibly important on individual basis. There is a lot to be said about how Market rhythm, sort of heart beat, swing size and time - match or mismatch our individual internal rhythms'
 
Best,
Simon