DislikedFor full disclosure, I am a student not paid by Compass or anybody else. I run a completely FREE self - help group for Ray's Students so we can learn faster and better.Ignored
Thanks
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
DislikedAny reason why Ray uses low volume nodes on the price chart but high volume nodes on the footprint chart to bracket price action? Also, at one point he is explaining value areas in terms of fundamentals i.e last price of negative or positive news release. But then later explains value in terms of MP. Which does he use? Interesting to see Eusebio from the Max there as a student! Also interesting is the fxcompass student who now trades for a living and demonstrates how he trades in the video. His only reference to sentiment is to look at ff calendar....Ignored
DislikedThis guy Ian is nothing but a lemming following the next Guru and in a year from now will wind up chasing the next Guru.Ignored
DislikedHi Gob, I can see why you might say that. However do you really think that after spending a whole year learning from Ray (and he hasn't finished yet) that any trading Guru would measure up? Other people generally teach a couple of subjects and a few setups. Ray teaches everything that retail traders can use that he has learned as a trader and a Quant over the last 30 yrs. Have you even seen somebody still employed as a Quant who also teaches retail traders? I have never come seen anybody even come close to either Ray's knowledge and experience,...Ignored
Disliked{quote} Are you making $$$ ? No your not and I know that because if you were you wouldn't be posting in here. I've been making money as a trader for many years and I rarely if ever come into these forums until recently when I have semi retired from trading and now wish to give something back. I wish you well from this guru and hope you finally make $$$ but I don't think you will. You sound too much like a Dream Chaser.Ignored
DislikedI don't understand why you equate occasionally posting in FF with not making money. Though somebody who posts many times per day may not have enough time left over for actual trading. There are some trades on which I consistently make money, but often I then throw it away on stupid trades that I know before I take them will have a low probability of success. Are you implying that my psychological trading problems and baggage are a reflection of the training I am currently getting? Perhaps when you were at school everybody was equal top of the class...Ignored
Disliked{quote} I am implying you are not an institution so even if this gentleman your learning from is for real and I have no reason to believe he is not or is. What good will it do you to learn to trade like him when you do not have his resources?Ignored
Disliked{quote} My view is that it is almost impossible to be long term successful UNLESS you know at least something about how the institutions trade. And by that I mean all the main types of institutions, since they all trade differently and have different business models. Otherwise how can you even understand the COT? Market Makers = Liquidity Providers (who of course are Non-Directional - Steve Mauro is wrong about them). Bank Order Takers who are looking to fill orders for clients. Non-speculative ,mainly multi-national companies. This is the bulk...Ignored
DislikedI'm not a member of the Compass FX prop room but have learned a lot from watching the free webinars. I certainly think 'Ray' knows his stuff and is very interesting to listen to. The last free webinar was very interesting about using volume to lean against and volume was the 'secret sauce' of trading. Ideally one should trade away from volume, even though student trades are shown in the room where they trade 'top and bottom edge' which would I have thought imply trading into the 'brick wall' of volume where 'value' lies ( or maybe I'm misunderstanding)....Ignored