Here's what a proper trading course should look like: Compare Mitchems course which is trading pin/engulfing bars at SR/Bollinger bands, fib pivots + stochastic divergence, with what institutional traders use:
• Institutional Liquidity - Levels, Level, Levels
• Institutional Bias - Based on several key frames of reference. Institutional Bias can take weeks to change in the FX markets
• Risk On Risk Off - Why its important
• Yield Curves, Volatility Skews and much more
• Options - The Greeks, Volatility, Gamma Scalping, Credit Spreads,Delta Neutral Strategies, Ratio Spreads, Calendars
• Liquidity Analysis
• Liquidity Providers Model - The world of the HFTs
• Order flow - using Volume, Market Delta and Levels to put the odds in your favor
• Squeeze Trades - Retails Edge over the Institutions. (Rare that you will ever have an edge over the house but this is it - tradings equivalent of card counting)
• News Trading - Fair Value before and after events Contra Trade OST
• Market and Volume Profile - Acceptance and Rejection - Value in Context
•Trend Identification and trading on pullbacks. IMA Strategies
• Market Profile - Micro structure and general principles
• Auction Theory - Practical applications
• Trend lines and moving averages done properly
• Order Flow and tape reading, including how to read time and sales and a footprint chart
• Institutional Positioning and the theory and practical application of probe, rotation, test and size
• Squeeze Trading
• Price Action Concepts
• Money Management
• Psych Ops - How to think like an institutional trader
• Fundamental Analysis and trade positioning ahead and after data release
• Using Currency Futures Order Book To Trade The Spot
• Learn To “Keep Up” With The Market: Follow the Money
See the difference???????????!
With Mitchem you are only getting a tiny fraction of the information that you need to trade with any consistency.
If you want retail results (i.e gambling) then trade a retail method like Mitchem. If you want to follow who really moves the market then you learn from an institutional trader, someone with experience.
You won't find fib/stochastic and bollinger band bull**** in the institutions. Finding price VALUE has nothing to do with that crap. When you have gone through a a few trading courses you start to learn and experience that these snake oil salesman, the Mitchem's of the trading world, know jack sh1t. They are selling you lies. The closest you'll get to institutional stuff is with Sam Seiden but even then you are still missing huge pieces of the overall picture. But at least it's a start in the right direction, and his stuff is free!
By the way. the course above costs the same price as Mitchem's! Now think carefully new and failing traders, which one are you going to choose!!? (don't ask me where to buy the course above, I am not selling or promoting anything - do your own research).