Institutional Equivalent Education? | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MultiTerminal Equivalent Required 9 replies

Esignal "Trend Snapback Indicator" equivalent? 1 reply

how do i know the equivalent of the volume and lots 0 replies

CME E-equivalent 0 replies

Being Right and Making Money Are Not Equivalent, by Dr. Van K Tharp 2 replies

Attachments: Institutional Equivalent Education?
Exit Attachments

Institutional Equivalent Education?

  • #381
  • Sep 6, 2017 10:18am Sep 6, 2017 10:18am
Quoting JethroForex
{quote} Hey Dogdays, a kind of DOM system for trading fx? Is this something the fx traders use? this is interesting too, I was thinking would I need a DOM in order to see the orders and what is going on at the lower time frame price action in fx, as the transparency for me is an issue, with the whole market being decentralised how can we get to truly see what is going on, like a dealer would see? have you experience with the DOM? would spoof orders be something of a problem in reading the DOM? Would price and volume be enough to clearly view the...
I do not have any experience with the DOM, as I am new to forex my self. and still learning, but bookmap looks like a good place to start
the only reason I don't use it because it's about a $100 a month and you need to pay for 3 months. and I trade so small it does not make sense
when or if I ever get to where I am trading bigger lots that's what I would do

  • #382
  • Sep 6, 2017 11:49pm Sep 6, 2017 11:49pm
Quoting copi88
{quote} conduct technical analysis to find where the areas of liquidity are for the optimal entry point.
Would you be looking at heatmaps for the high liquidity areas/levels or is this something that can be found on a candlestick chart?
  • #383
  • Sep 7, 2017 2:21am Sep 7, 2017 2:21am
Quoting JethroForex
{quote} Would you be looking at heatmaps for the high liquidity areas/levels or is this something that can be found on a candlestick chart?
You can identify them on candle charts
Boxing clever since 76.
  • #384
  • Sep 7, 2017 3:24am Sep 7, 2017 3:24am
Quoting copi88
{quote} You can identify them on candle charts
Interesting! Could you show the liquidity area on the chart for your yesterdays GU short trade please?
  • #385
  • Sep 7, 2017 3:36am Sep 7, 2017 3:36am
Quoting copi88
{quote} This type of value trading is called statistical arbitrage. You use models to value an instrument and then when price deviates from its value you have a stats arbitrage opportunity. {image} Here is an example from today. Two trades I did on GU. The blue line is the main value line for Sterling, Red line is the flow of funds. There are many more measures we can add into the model to value but these are the main ones. Once you have divergence then you need to conduct technical analysis to find where the areas of liquidity are for the optimal...
what timeframe do you trade this strategy?
  • #386
  • Sep 7, 2017 4:40am Sep 7, 2017 4:40am
Quoting ianf0ster
Sometimes it seems that almost everybody knows how to trade except a few newbies. There are so many trading educators and Forex Gurus out there, so why is it that the Brokers are still in business? I have searched for 7 years - almost full time. And have paid $3K and $5K several times for courses that ultimately I had no confidence in. The Educator appeared to be able to trade their system, or at least be able to trade and finesse their system, but when I tried what appeared to be the same thing it often didn't work and I could find no real reason...
Hey Ian, where can we check Rays trading track record and up to date trading profit results online? he have a MyFxbook or similar so we can check his trade record before we sign up for the course?
  • #387
  • Sep 7, 2017 5:14am Sep 7, 2017 5:14am
JethroForex...

There is NO track record, there is NO proof. Only teaching a "tool box" and a lot of member's need to join ANOTHER group of help for trying to understand "the holy grail of Ray"

If you think it's "normal" then... you can give your money to compass fx with a big smile....

Regards
GregV
  • #388
  • Sep 7, 2017 8:03am Sep 7, 2017 8:03am
Quoting Gregv
JethroForex... There is NO track record, there is NO proof. Only teaching a "tool box" and a lot of member's need to join ANOTHER group of help for trying to understand "the holy grail of Ray" If you think it's "normal" then... you can give your money to compass fx with a big smile.... Regards GregV
Good points! Compassfx is a broker also. Brokers aren't exactly the most honest people. When was the last time you heard a broker give valuable information? Also, if you think about it, they are stating that they are trading value, and join to see how you too can trade at value, well Market Profile tells you where the value area is every day. Ray is going on and on in his videos about nothing, other than saying over and over, look at this, these indicators are not based on price, they are not based on price. Well Ray they are based on price, the models you use come from price charts and are based on price. Also why the hell would a trader of 30 years be using MT4 for fucks sake lol! They are taking the piss big time. They must think we are all brain dead lmao.
  • #389
  • Sep 7, 2017 8:35am Sep 7, 2017 8:35am
there is no holy grail
  • #390
  • Sep 7, 2017 8:45am Sep 7, 2017 8:45am
they have never showed a real P&L statement ..non of rays group. i have talked to many , they all claim they make money...lol consistently?
i have been reading,watching etc and Ray gives all "tools" that usually explained after the fact like intrinsic value etc but does not mean you can make money.Jethro the intrinsic value is derived from other prices that affect the currencies...
  • #391
  • Sep 7, 2017 1:19pm Sep 7, 2017 1:19pm
Quoting JethroForex
{quote} Good points! Compassfx is a broker also. Brokers aren't exactly the most honest people. When was the last time you heard a broker give valuable information? Also, if you think about it, they are stating that they are trading value, and join to see how you too can trade at value, well Market Profile tells you where the value area is every day. Ray is going on and on in his videos about nothing, other than saying over and over, look at this, these indicators are not based on price, they are not based on price. Well Ray they are based on price,...
A couple of things:
Compass are an Introducing Broker, there is a difference. The more successful you are the longer you can remain a client. It is in their interest for you to be educated.

When Ray talks about indicators based on price he is referring to all the technical indicators you find on MT4 etc which are all derivatives of price. I think you missed the point there. The lines he showed on the charts are correlated markets (which of course have prices of their own) but when the correlation breaks down it provides a Stats Arb trader an opportunity to deal. This is what is meant by an 'indicator' not based on price.

They absolutely do not trade off MT4. He only uses it for demo purposes in class and complains incessantly about what a bad platform it is. The firm he consults to use their own systems.

It is fine by me if you and Jung etc are sceptical about Ray and what he teaches. The less people who know about it the bigger my edge and the less risk someone goes and posts all this info on forums.
Boxing clever since 76.
  • #392
  • Sep 7, 2017 4:32pm Sep 7, 2017 4:32pm
Quoting copi88
It is fine by me if you and Jung etc are sceptical about Ray and what he teaches. The less people who know about it the bigger my edge and the less risk someone goes and posts all this info on forums.
Totally agree, from what I've seen of Ray's methods it's best if they're not released into the public domain.

Also, I paid good money to attend the workshops, I don't see why naysayers and freeloaders should obtain the same info -- regardless of whether its quality is good or bad -- for free.

My goal is to improve my own trading, not to try to persuade skeptics how they should or shouldn't spend their money.
  • #393
  • Edited 9:51pm Sep 7, 2017 7:39pm | Edited 9:51pm
Quoting hanover
{quote} Totally agree, from what I've seen of Ray's methods it's best if they're not released into the public domain. Also, I paid good money to attend the workshops, I don't see why naysayers and freeloaders should obtain the same info -- regardless of whether its quality is good or bad -- for free. My goal is to improve my own trading, not to try to persuade skeptics how they should or shouldn't spend their money.
Absolutely.

Juan and others have been making odd statements like the one above for awhile now. I don't really understand the obsession with looking at others PNL. Firstly, no one is asking to manage your money, so why would they share their private records? Just to appease some randoms on a forum?

PNL also encompasses details about a trader that have nothing to do with the concepts they try to employ. So I fail to see how it is relevant.

He shares screenshots of daily and weekly PNL statements, but he works for a firm, so expecting the sharing of a bloody myfxbook account is laughable.

But, as someone mentioned here, NT statements can be generated and faked. Hence why people don't count that as proof of anything. Again, missing the point.

I looked at the concepts being shown, the person demonstrating them, and made a decision using my own discernment as to whether I believed they knew what they were talking about, there was validity in the information provided, and that it could improve my edge. Simple. The rest is nonsense.

If a reasonable education fee (from any source) is so high for you that you must see everyone's tax audits before proceeding, then don't bother. You're too undercapitalised to be a trader.
  • #394
  • Sep 7, 2017 8:30pm Sep 7, 2017 8:30pm
So for all newcomers reading this thread, the posts have confirmed that there are no trading profit results to be shared with us folks who are interested to buy a course to further our education. No results =no evidence of profits and results. No results = no transparency = results are being hidden.

That makes it very easy to make a decision. Thanks for the info guys!
  • #395
  • Sep 7, 2017 9:34pm Sep 7, 2017 9:34pm
Quoting JethroForex
So for all newcomers reading this thread, the posts have confirmed that there are no trading profit results to be shared with us folks who are interested to buy a course to further our education. No results =no evidence of profits and results. No results = no transparency = results are being hidden. That makes it very easy to make a decision. Thanks for the info guys!
Judging by some of your posts you have a very long road ahead. Best of luck.
  • #396
  • Sep 7, 2017 10:06pm Sep 7, 2017 10:06pm
Quoting juangecko
they have never showed a real P&L statement ..non of rays group. i have talked to many , they all claim they make money...lol consistently?
Rays groupies exhibit classic group behaviour and psychology, as a group of struggling unprofitable followers, notice how defensive they became as they flocked together to defend their master. They claim to have learn't institutional trading methods, but rather than sitting at home right now making successful trades, they are typing into an online forum defending someone who successfully fleeced them out of their money. Strange world we live in eh!

Quoting Gregv
JethroForex... There is NO track record, there is NO proof. Only teaching a "tool box" and a lot of member's need to join ANOTHER group of help for trying to understand "the holy grail of Ray" If you think it's "normal" then... you can give your money to compass fx with a big smile.... Regards GregV
I don't really understand why anyone would pay for a trading course if there are no proven track record results of profitability being available? Also we do need to question why the thread starter is a commercial member? Perhaps because essentially this is 19 pages of sales and marketing text for a broker who sells courses and perhaps are getting paid commissions? PS_Did you see how many people are in Rays webinars, there are like 200 people per video! WOW! What a great business model! Never mind trading, just start up your own education forex course and do webinars to pull in the buyers! This is a very familiar business model in the fx industry.
  • #397
  • Sep 7, 2017 10:37pm Sep 7, 2017 10:37pm
Quoting nhen
Absolutely.......
I couldn't agree more with everything you've said.

The retail mind thinks in terms of systems and profits; the professional thinks in terms of acquiring the knowledge and experience necessary to master a process.
  • #398
  • Edited 11:41pm Sep 7, 2017 11:29pm | Edited 11:41pm
Quoting hanover
{quote} I couldn't agree more with everything you've said. The retail mind thinks in terms of systems and profits; the professional thinks in terms of acquiring the knowledge and experience necessary to master a process.
Yep......*nods head*......the art of critical thinking and being able to test underlying assumptions yourself seems to be generally absent in the mind of a retail trader, yet is an essential pre-requisite for any quantitative and objective science/mathematical based discipline. There are many very worthwhile contributors to the field of trading that have no P&L to declare. Van Tharpe, Mandelbrot and Minkowski for example spring to mind.....The demand to see a PL comes from an outcome oriented philosophy that encourages 'mimics' as opposed to self-reliant traders who in the game of risk management need to understand how to consistently apply a process and how to objectively assess and quantify trading variables.

If you cannot decide from your application of critical thinking which posts are valuable to you or not....then that is a sure sign that you are not ready to trade...... and need to step back into demo land and personal research and development. One of the first things you need to accept in this game is personal responsibility for your actions. Blame shifting doesn't cut it and displays your gullibility and naivety.
  • #399
  • Sep 8, 2017 2:23am Sep 8, 2017 2:23am
Attached Image
  • #400
  • Sep 8, 2017 3:24am Sep 8, 2017 3:24am
Attached Image
1 trader viewing now