David,
How do you know their charts and recommended broker(s) and setup is good for beginners when you did not join yourself. I have been on their free webinars as well to evaluate how consistent they are. But they only give you their so-called proprietary indicators if you join them. Without them surely you cant say for sure if their setup is good or bad let alone recommend them to your friends. In other words you havent signed up yourself right, you still attend their webinars, your dont have their proprietary indicators, but you recommend you friend to spend that much money? I am still not convinced that these guys trade the signals they give out. Last time I attended (last week), afshin clearly lied by stating that he got out of the trade when the price barely touched his exit price and retraced to hit a stop for anybody who would have entered that trade. We all make loosing trades here and there but dishonesty like that gives a bad impression of TI. Also I have never seen dale do the free webinars as he runs their trade room, what date did you say he did that coz I would like to check that out?
Hi
I only found out this weekend what their TI indicators were and their settings, That is not the reason I like TI as I believe that there is no magic indicator, just lots of reasonable ones that you can interpret together so if 4 or 5 different indicators are agreeing then that is a good probability trade. I use my own free readily available indicators. (ninja have nearly all the main ones for free) I LOVE NINJA TRADER, all the trainers there and the platform charts and chart trader, that superdom and the ATM strategy are out of this world.
🙂) and no I am not a salesman. I would say ninja is the most important tool for day trading.
Try
Elite Trader - The #1 Site for Active Traders for in depth analysis forums about everything to do with trading, thats where I get my opinions on things.
What I like about TI is the complete package that they offer for a Newbie that does not know hardly anything. I had to find out the long hard way over years to find eminis, Ninja Trader, platform, charts, data provider, training and a good Futures Broker. I found all this by going on the TI free webinars every week. I stumbled upon them by accident really.
By this I am talking about psychology, mindset, price action, the right market to trade, indicators, charts, trade size portioning, the demo Sim account, training to be skilled on sim before even trying live 1 contract. A newbie will just go out there on the net and learn snippets of info, finish up in the wrong market sector, with bad trade sizing, paying full commissions being ripped off with spreads and stuck in trades they can't get out of and worst case scenario finish up in Penny stocks on the pink sheet or BB to be sucked in by pump and dumpers. Thats what happens when newbies want to try something they know nothing of.
I have checked out Ninja Trader, AMP futures, Mirus Futures on Bulletin Boards and traders sites like this one, I have also tried other major stocks brokers and platforms, Spread betting, charts etc and IMHO Ninja Has the best system for Day Traders.
Dale does his live trading on Wednesdays at 9.15 am Eastern USA. the trade I am talking about was 2 -3 weeks ago around that time and I am sure the market rose at open for almost an hour and then pulled back to 9.48. My ninja charts only go back 3 days so I'll have to check some other way. There is a difference on Dales webinars as he concentrates more on training, questions, trades, indicators, whereas Afshins webinar is longer and i mainly about his sales presentation, only 15 - 30 mins of live trading.
LOL I must admit when I first started watching Afshin he always made 2 points or more, this is what impressed me about their training, it was months before he actually had a losing day and he called it quits after 3 straight stop out losses. I always wondered what his special indicators were but I traded with my own several usual indicators.
The indicators I go off are the previous days OHLC, todays OHL, Pivots, 20, 50, 100 and 200 SMA, Price action. I look for a support resistance area and wit till price moves through, bounces by 2 points before following the trend, I also like pull backs off the 20 or 50 sma or Pivots, when several of these indicators line up together then I class that as a Higher probability S&R area.
I do not use the MACD< STOCHASTIC divergences like TI do. the settings for these are on this forum somewhere.
When Dale does his free live session he often talks about price action, Fibonacci retracements and Price action. He also mentions the need to learn for yourself that is where the greatest benefit comes from.
David