Institutional Equivalent Education?

A Link for the 3pm Eastern webinar session today, mentioned above:
Access here: https://compassfx.com/intern-to-pro/

Here is a recording of the video of last night's Intern to Pro webinar:

https://proptraders-videos-private.s...023/724231.mp4

CompassFX are doing another open to all session.
Here's what they say:

New Session with Ray, You’re Invited!
NEW INSTITUTIONAL TRADE LOG & SYSTEMATIC RULE BASED STRATEGIES
Institutional Systematic Trade Strategy with a 76% Positive Expectancy
FREE “Intern to Pro” Live Event Wednesday the 13th at 3:00 PM EASTERN
https://compassfx.com/intern-to-pro/

"Intern to Pro" New Trade Log + Systematic Trades

CompassFx announce another Ray webinar. You my think it's a repeat, but Ray always does a Webinar on the fly from scratch, so there may be different 'nuggets of information' in this one:
************************************
Ray’s Live Sunday at 5:00 PM EASTERN
FREE “Intern to Pro” Live Event SUNDAY the 17th at 5:00 PM EASTERN
https://compassfx.com/intern-to-pro/
NEW INSTITUTIONAL TRADE LOG & SYSTEMATIC RULE BASED STRATEGY SESSION
Mark Your Calendar, Please Spread the Word
See You Sunday!

Intern to Pro – Live Class – CompassFX
https://compassfx.com
********************************

It would be nice if he went into some detail as to what we are seeing on the charts. The one I watched had a number of charts with a dizzying array of indicators. Then he switched to what I think was trading view and he was basing trade outcomes on "Blue candles" but wasn't clear what these were although obviously I could see the trades without them. Also jargon like "rgl's." Am sure if you have been in the room for years like you have, all of this would be clear and obvious. Also if the charting packages and indicators are included and involve extra costs?

Session on (some) indicators that we use:

New Live Institutional Indicator Session
Thursday November 9th at 3:00 PM EASTERN
Ninja. Sierra Chart. Trading View.
Join David & Gregg and See What’s NEW from the Trade Lab...
Institutional Order Flow Tools
https://ecp.yusercontent.com/mail?ur...2mSGT9OaZA--~D
Absolutely the BEST Institutional Trading Tools Available to Traders, PERIOD!
WHY?
Specific Institutional Trading Elements, that Give You a Quantifiable Edge.
Join us LIVE on Thursday to Improve Your Trading Probabilities.
Stack the Elements and Odds in Your Favor.
First, Find the Big Dogs, Informed Traders and Follow Them into Trades.
See How Live Thursday...
Now that, is Just SMART TRADING!
We’re Keeping This Simple, No Registration, Just Show Up...
Tell a Friend, Share the Message!
New Live Indicator Session Thursday at 3:00 PM EASTERN

I'm pretty sure Ray said that RGL was just short for Red/Green level. Which is simply a level or area where if price is above it then Buy trades are the default and if price is below it then Sell trades are the default. This is slightly complicated by an RGL being more of an are than a level, where different traders may choose different sized areas (for example for Market Open, Market Settlement, major economic news events one trader may use a 1 min RGL where another may use a 15min time period to form a larger area).

No, CompassFx don't supply charting platforms for free. The most crucial indicators required for the TradingView, Sierra Chart and Ninja Trader platforms are supplied as a part of the education, but others are either commercial packages or indicators written by members who write them based upon Ray's suggestions and need some recompense for their efforts - since this limits their trading time.

I was very impressed by some of the indicators shown in last night's webinar.
Severe case of indicator envy - lol!

Not all the indicators shown are available yet.

Here is a link to the recording:

hi
ion
recentely i watched all video available free based upon ray . looking impressive than i purchased his trading view platform indicator, got good result with it

i also interested in his ninja trader OF indicator but i never seen a full chart of ninja trader in any video of Ray. i think he hide his applied indicator purposely .

he always shows a half chart to his lerner, and it create a bad impression upon viewer. i have seen various indicator discription video with dave , where he discribe ninja trader package but still various thing is missing
because the way of appling indicator by Ray is the main thing. thats the missing

FYI, from Kim's e-mail:

ATTENTION: Live Trade Session & “Reading the Tape” Class Session WEDNESDAY

Happy New Year…Trade Sessions & Classes Start WEDNESDAY

You’re the BEST, thank you for being part of our group…appreciate you!

We’re kicking the year off with a Auction Theory Concepts Session with Ray.

Let’s Get Ready for 2024, “Zero to Dangerously Good” in the markets.

Live FREE Workshop with Ray

Wednesday January 3rd at 3:00 PM EASTERN

REGISTER HERE

https://compassfx.com/auction-theory-concepts

So this thread kicked off around 2015. 8 years later... how has Ray's method panned out for students?
Anyone gain consistency with it? Is it repeatable or did you have to put it all together into your own special sauce?
Peoples comments make it sound very fragmented in terms of learning with months of watching videos and note taking needed to make sense of it.
I started trading in 2008 so have seen many gurus come and go. Has this guy stood the test of time?
I'm considering diving into Rays teachings but are somewhat sceptical and reluctant to waste time. Also I have yet to see any evidence that backs up who this guy is.... a trader? a quant? a quant and a trader? when would he find the time to do both? Working for an asian bank? There's no evidence anywhere. Not even a linkedin profile which should be a given for any professional. This whole robin hood schtick has been done before lol. It does sound compelling though.
Also if he is a quant as described, what's with the discretionary hands on approach? Would it not be easier to teach a more automated approach with algos, backtesting etc.
So has anyone taken the course and given it a solid go for 1-2 years. If so how are you going with it?
Anymore info on who Ray is and why we should listen to him?

Hi @keithh
Markets change, so it's very difficult to develop an Algo that works for years without needing babysitting in the retail space. 'Ray' has been trying to do one for about 9yrs now. They keep on turning out that they need some resource beyond the pockets of retail, or would be self defeating (by affecting the market) if used by hundreds of people.
If you have one, then obviously you unlikely to need more trading education.

As to whether 'Ray' does currently work for an Asian Bank and before that work for Deutsche Bank and before that work for a UK bank - there is no absolute proof because he (says) he has to keep his retail education activities low key and he's a very private person. So we don't know his real name or even the first names of his (supposed) daughters. - But who cares about those things? There are plenty of well documented people who are documented successful traders - until they blow up!

If you can't or don't accept that such professionals are not allowed personal trading accounts (they could offset losses between bank's account and their own) or that they aren't household names with a social media presence, then OK - go an seek elsewhere. What I look for is merely his trading knowledge, which is easy to recognise for most people.

He has huge trading knowledge, but he most definitely is a lousy teacher. He insists in trying to teach everything from the his professional world that can be applied to retail trading - which is an awful lot of things, even when limited by retail trader budgets. So many students get lost chasing after shiny object after shiny object, instead of doing what the successful students do - find one thing and master that! Thus he only teaches a new thing when the resources to make use of it becomes cheap enough for retail traders to use. So for example he doesn't teach things which rely on having a Bloomberg or Reuters terminal. However, he is always looking to improve his teaching and so will re-teach something from a different angle using different terminology - to the frustration of those who 'got it' the first (or 2nd) time.

He isn't really a Quant (except in comparison to retail traders). Apparently he started as a trader and moved into the strategist/quant field (which he says pays much less) because he gets bored quickly and the type of scalping he used to do is all automated now, unlike the longer term trades for which he has the wrong temperament.

Yes, many people have given the course and then the room a solid go for 6months up to nearly 10yrs now. One of the original students (back in 2014 let's just call him Mr 'Money') is back in the room again because of changing markets. He struck out on his own after 'Ray' taught him trading using 'Footprints' and Cumulative Volume Delta'. He was only around for 6 months before he gave up his job and went full time trading, as did another guy for that batch on students (call him Peter) who left even earlier, but re-appeared at a few 'open house' events over the next few years. Through the years several others I know of have made big breakthroughs by spending 6 month or more specialising and focussed on one market and one technique. 2 have gone to work in the industry as traders (for Deutsche Bank and for a Grain Trading outfit). Others just stay around, I think there are 3 of us from the original course who stayed with the room for all this time.

I have no way of knowing if 'Ray' is right for yo, or if you even have the right temperament to be a successful trader. The best way to get an idea is view some of the several hundred videos of 'Ray' teaching on the CompassFX YouTube channel or attend one of the marketing webinars (just had several, so may not be any more for many months since 'Ray' hates them).

I hope this helps.

Because David wrote the OFten suite of indicators for both Sierra Chart (originally) and then for Ninja Trader, When Dave demonstrates them he tends to do so only on Sierra Chart (which is his preferred charting/trading platform). In most cases the indicators look identical on both platforms and there are about the same number of students using the version on Ninja as there are on Sierra.

'Ray' shows trading techniques and indicators on 3 different platforms TradingView (which has no depth of market data - so no real OrderFlow is possible) as well as Sierrra Chart and Ninja Trader (both of which have true OrderFlow. He applies Dave's indicators exactly the same regardless of the platform, but on Ninja he needs some extra indicators ( from Colin and Greg) because Ninja doesn't come as standard with Cumulative Tick Delta and some others.

Thanks for the comment Ian. I can relate to much of what you have said on this forum. Your experience shines through. I don't get your bugbear with Boris, though. Waste of energy, IMO.

I signed up for the full course in 2018 but never got around to studying it as life got in the way. I logged back into the course this month to see an overwhelming amount of content added. I guess I'm just looking to confirm it's still worth the time commitment and late nights.

It's a different trading world in 2024, with AI-assisted trading in the mix. I'm a discretionary trader, but being over 50, I have come to appreciate the benefits of automated trading and not being glued to the screen. I'm also diving into the training offered by Kevin Davey.

I see you mentioned Ray working on an Algo. Could the way he approaches the market from a retail perspective be partially automated, at least for alerts of potential setups?

From what I've read about Ray's teaching style and the constant flow of new ideas, people will struggle to be consistent. Knowing everything there is to know about trading will create analysis paralysis and too much opportunity to system hop. If starting over, I'd recommend learning just a few unrelated setups with a statistical edge, when to apply them, and how to manage them. Rinse/repeat. Edges come and go, so I see the benefit of understanding the broader context and having the knowledge to create new ideas to exploit new patterns.

Anyway, I think I will join you on this adventure!

The way Ray approaches the Market from a retail perspective has already been partially automated in 'the Trade Log' and the Jack Rayan Trade.
Of course those only give a 'heads up' and require both still require the user verifying and then waiting for the correct entry level and setup/ OrderFlow.

I agree with you about the learning process, I see too many lose their way because of the 'shiny new object' syndrome.

Today I got this email from BKForex:
**********************************************
Learn How to Choose the Right Prop Firm
https://s.yimg.com/lb/brands/50x50_bkforex.png

Boris Schlossberg
www.bkforex.com
From:[email protected]
To:ianf0ster........


Tue, 27 Feb at 15:22

 
https://ecp.yusercontent.com/mail?ur...gLlktzluYQ--~D
https://ecp.yusercontent.com/mail?ur...jOEnIJyBLQ--~D
https://ecp.yusercontent.com/mail?ur...gpFnnEfvhw--~Dhttps://ecp.yusercontent.com/mail?ur...RUNkYyMJNQ--~D
Dear Ian

Prop firms have been in turmoil this month and my inbox is filled with questions about the best prop firms to trade with.

This Thursday Kathy Lien and I will give you important updates on the prop industry, what the best prop trading models are, which ones will survive and how to choose the best prop firms

Topic: 2024 Future of Prop Firms - So Many Choices What's the Best?
When: Thursday February 29th 10:30am ET / 15:30 GMT

Reserve your spot now

Yes! Save My Seat!
I'll see you then!

Boris Schlossberg
*********************************************************

Although I don't like these so-called 'Prop Firms' (neither the Forex ones that Kathy Lien and Boris Schlossberg talk about, not the Futures trading ones that several of Ray's students use, I recognise that I may well be in a minority here.

As it happens one of my group of Ray's students also posted today about (Apex, probably one of the best of the Futures 'Prop Firm' bunch) having a big discount sale:

Last Day: APEX 80 % Discount + Half-Price Resets + One Day to Pass
quick reminder that above-mentioned Apex 80 % discount sale, the half-price resets and the "one day to pass" offer will end today, Tuesday 27th February at 4:59 pm.
You can use this coupon code for the 80 % discount:
LVDWDPIN
(No need to use any coupon code for the half-price resets)
https://atf.com/member/aff/go/ondaazul

Apex Trader Funding - Funded Trader Program
https://atf.com


Note that affiliate coupon isn't mine since I have no connection with them for obvious reasons, it's his (Henning's).

Hello @ianf0ster

Can you tell us what is the "GRT" that sends messages with text in this format "... if manipulated dollar look for bid on last pivot"?

Also can you talk about the "Trader's board" Reverse Engineering Institutional Trades?

Thank you.

I don't know where you find 'GRT', but the Trade Log is really an alert system for potential trades if certain criteria are fulfilled.
JRT stands for 'Jack Ryan Trade' which are based upon the film of the Jack Ryan espionage agent who warns of a terrorist activity which happens to be signalled by certain markets being seriously out of correlation. Meaning that somebody knows something which is not in the public domain.
In the case of Ray and SmartAlpha, the trade Log is configurable to show potential trades on several markets and JRT just shows its own potential triggers for Oil, DollarIndex (or E/U) and Bond trades.

In either case these are only available to SmartAlpha subscribers and subscription to SmartAlpha is restricted to student (or ex-students of Ray.

Here is a picture of the Trade Lod for the markets I have it set for:

Rays early lessons of auctioning of price, liquidity simply as pivots, strikes, fb were best for me.
Gets very over complicated after that. Beyond my brain capacity. I wasted a lot of time trying to be too smart.
keep it simple. Go with SMAs, Buy/Sell tests of FC/FB/LEVELS and have a dip following DS Bars to macro liquidity/150. Seriously simple if you let go of emotion.
I use 2 index point Range Bars personally at europe/london open.